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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Flowtech Fluidpower Plc | LSE:FLO | London | Ordinary Share | GB00BM4NR742 | ORD 50P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 112.00 | 108.50 | 113.00 | 6,095 | 08:04:44 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Fluid Powr Cylindrs,actuatrs | 114.77M | -6.25M | -0.1017 | -11.01 | 68.87M |
TIDMFLO
RNS Number : 2293B
Flowtech Fluidpower PLC
05 June 2019
Hot Features
Premium
NEWS RELEASE
Issued on behalf of Flowtech
Fluidpower plc
Wednesday, 5 June 2019
Immediate Release
FLOWTECH FLUIDPOWER PLC
("Flowtech Fluidpower" the "Group" or "Company")
Results of Voting at Annual General Meeting
Flowtech Fluidpower plc ('the Company') announces that all resolutions
contained in the Notice of Annual General Meeting dated 8 May 2019, previously
circulated to the Company's shareholders were passed by way of a show of
hands at the Annual General Meeting ('AGM') of the Company held earlier
today (5 June 2019). The full text of each of the resolutions as set out
in the Notice of AGM. Details of the proxy voting instructions lodged prior
to the AGM for each resolution (all of which were passed on a show of hands)
are shown in the table below.
Number of shareholders in attendance: 5RESOLUTIONS TOTAL PROXY TOTAL FOR TOTAL TOTAL
VOTES AND AGAINST WITHHELD
RECEIVED AT
(excluding DISCRETION
votes
withheld)
ORDINARY BUSINESS:
----------- ----------- --------- --------
Resolution 1
To receive the Company's Annual Report
and Accounts, Strategic Report and
Directors' and Auditors' Reports
for the year ended 31 December 2018. 29,777,336 29,771,047 6,289 0
----------- ----------- --------- --------
Resolution 2
To approve the final dividend for
the year ended 31 December 2018 of
4.04 pence per Ordinary Share. 29,777,336 29,769,726 7,610 0
----------- ----------- --------- --------
Resolution 3
To re-appoint Russell Cash as a Director
of the Company. 29,777,336 29,759,783 16,089 1,464
----------- ----------- --------- --------
Resolution 4
To re-appoint Bill Wilson as Director
of the Company. 29,777,336 29,767,506 8,366 1,464
----------- ----------- --------- --------
Resolution 5
To re-appoint Bryce Brooks as a Director
of the Company. 29,777,336 29,767,506 8,366 1,464
----------- ----------- --------- --------
Resolution 6
To re-appoint Malcolm Diamond as
a Director of the Company. 29,777,336 29,759,773 16,099 1,464
----------- ----------- --------- --------
Resolution 7
To re-appoint Nigel Richens as a
Director of the Company. 29,777,336 29,767,506 8,366 1,464
----------- ----------- --------- --------
Resolution 8
* To re-appoint Grant Thornton UK LLP as Auditor of the
Company to hold office until the conclusion of the
next general meeting. 29,777,336 29,769,583 7,753 0
----------- ----------- --------- --------
Resolution 9
To authorise the Directors to determine
the remuneration of the Auditors. 29,777,336 29,768,086 9,250 0
----------- ----------- --------- --------
Resolution 10
To authorise the Company and its
subsidiaries to make political donations
and to incur political expenditure. 29,777,336 24,338,059 5,423,783 15,494
----------- ----------- --------- --------
Resolution 11
To authorise the Directors to allot
shares in the Company. 29,777,336 29,613,846 163,490 0
----------- ----------- --------- --------
SPECIAL BUSINESS:
Resolution 12
Disapplication of pre-emption rights.
(In line with current Institutional
Shareholder guidelines - to authorise
the Directors to allot shares for
cash without first offering them
to existing Shareholders on a pro--rata
basis) 29,777,336 28,747,753 1,025,304 4,279
---------- ---------- --------- -----
Resolution 13
To authorise the Company to purchase
own Shares.
(up to 10% of the Issued Share Capital) 29,777,336 29,768,262 5,864 3,210
---------- ---------- --------- -----
The 'for' vote includes those giving discretion to the Chairman. A vote
withheld is not a vote in law and is not counted in the calculation of
the votes for or against a resolution.
At today's date, 5 June 2019, there were 61,078,367 Flowtech Fluidpower
plc ordinary shares of 50p each in issue. Ordinary shareholders are entitled
to one vote per share held.
The 2018 Annual Report and Financial Statements for the period ended 31
December 2018, together with the Notice of AGM, are available to view on
the Company's website www.flowtechfluidpowerplc.com. In addition, this
announcement is available on the Company's investor website within: https://www.flowtechfluidpower.com/investors/regulatory-news
ENQUIRIES:
FLOWTECH FLUIDPOWER PLC
Russell Cash, Chief Financial Officer & Company Secretary
Tel: +44 (0) 1695 52796
Email: info@flowtechfluidpower.com
Zeus Capital Limited (Nominated Adviser and Joint Broker)
Andrew Jones, Alistair Donnelly (Corporate Finance)
Dominic King, John Goold (Sales & Broking)
Tel: + 44 (0) 20 3829 5000
finnCap Limited (Joint Broker)
Ed Frisby, Kate Bannatyne (Corporate Finance)
Rhys Williams, Andrew Burdis (Sales & Broking)
Tel: + 44 (0) 20 7220 0500
TooleyStreet Communications (IR and media relations)
Fiona Tooley
Tel: +44 (0) 7785 703523 or email: fiona@tooleystreet.com
About Flowtech Fluidpower plc
Founded as Flowtech in 1983, the Flowtech Fluidpower Group is the UK's
leading specialist supplier of technical fluid power products.
The business joined AiM in 2014. Today, the Group has two distinct divisions:
Division: What we do: Locations:
----------- ---------------------------------------------- ----------------------------------
Components Supply of hydraulic and pneumatic Flowtechnology Benelux
consumables, predominantly through (Deventer)
distribution for urgent maintenance Flowtechnology China (Guangzhou)
and repair operations across all industry Flowtechnology UK (Skelmersdale)
sectors. Additionally, support a broad Indequip (Skelmersdale)
range of OEMs supplying off-the-shelf Beaumanor (Leicester)
and tailored components and assemblies. Hydravalve (Willenhall)
Primary Fluid Power Components
(Knowsley)
Albroco (Knowsley)
Nelson Hydraulics (Dublin,
Lisburn, Dungannon, UK)
HTL (Ludlow)
Hi-Power Hydraulics (Cork,
Dublin, Belfast Manchester)
Hydroflex (Brussels, Rotterdam
and OudBeijerland)
Hydraulic Equipment Supermarkets
(Gloucester, Leeds, Birmingham,
Durham)
Derek Lane & Co (Newton
Abbot, Devon)
HES Tractec (Gloucester)
----------- ---------------------------------------------- ----------------------------------
Services Bespoke design, manufacturing, commissioning, Primary Fluid Power Systems
installation and servicing of systems (Knowsley)
to manufacturers of specialised industrial TSL Fluid Power (West Yorkshire)
and mobile hydraulic original equipment Branch Hydraulic Systems
manufacturers (OEMs) and additionally and HES Automatec (Gloucester)
a wide range of industrial end users. HES Lubemec (Gloucester)
HES Onsite (Durham, Leeds,
Birmingham, Gloucester)
Flow Connect (Gloucester)
Orange County (Spennymoor)
----------- ---------------------------------------------- ----------------------------------
Both Group's divisions have overlapping product sets, allowing procurement
synergies to be maximised.
The above divisions are supported by a centralised back office team based
at the Skelmersdale, Lancashire, and Wilmslow, Cheshire sites in the
UK and a procurement and quality control team in Shanghai, China. In
total, the business employs over 550 people. For more information please
visit, www.flowtechfluidpower.com
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
RAGCKPDPCBKKBAK
(END) Dow Jones Newswires
June 05, 2019 05:56 ET (09:56 GMT)
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