Gateley (Holdings) PLC Result of AGM (8049D)

TIDMGTLY

RNS Number : 8049D

Gateley (Holdings) PLC

30 October 2020

30 October 2020

GATELEY (HOLDINGS) PLC

("Gateley" or the "Company")

AIM: GTLY

Result of AGM

At the Annual General Meeting of Gateley, held today at 12.30pm, all the resolutions were passed on a show of hands. The result of the proxy voting is detailed below.

 
       Resolution                                    Votes        Votes       Votes 
                                                      For*      Against    Withheld 
       To receive the audited accounts 
 1.     of the Company                          60,405,837            -         716 
 2.    To approve the Directors' remuneration   30,972,104   28,024,992   1,409,457 
       To appoint Roderick Richard Waldie 
 3.     as a Director                           60,405,690          300         563 
       To re-appoint Michael James Ward 
 4.     as a Director                           59,546,540      858,690       1,323 
       To re-appoint Suzanne Frances 
 5.     Allison Thompson as a Director          58,709,315      884,874     812,364 
       To appoint MacIntyre Hudson LLP 
 6.     as auditors to the Company              59,541,885      860,851       3,817 
       To authorise the Directors to 
 7.     fix the remuneration of the auditors    59,535,350      870,890         313 
       To authorise the Directors to 
 8.     allot relevant securities               60,400,783        5,457         313 
       To authorise the Directors to 
 9.     allot equity securities                 60,400,783        5,457         313 
       To authorise the Directors to 
        allot equity securities for an 
 10.    acquisition or capital investment       60,400,783        5,457         313 
       To authorise the Company to purchase 
 11.    its own shares                          60,389,897       16,343         313 
 

* Any proxy appointments, which gave discretion to the Chairman have been included in the 'For' votes total.

The Board notes that even though the resolution was passed, certain shareholders voted against Resolution 2, being the adoption of the Company's Remuneration Report. The Board is aware that, in some cases, such voting was influenced by a report produced by a proxy shareholder services company, which recommended to institutional shareholders that they vote against this resolution. The Board intends to engage both with the relevant institutional shareholders and the proxy shareholder services company itself to better understand their respective positions, as well as to explain to each why the Board believes that the findings in the report are not based upon all of the information which is relevant and are, therefore, inappropriate in this instance.

Enquiries:

 
 Gateley (Holdings) Plc 
 Neil Smith, Finance Director                           Tel: +44 (0) 121 
                                                                234 0196 
 Nick Smith, Acquisitions Director and Head         Tel: [phone] 
  of Investor Relations                                             1665 
 Cara Zachariou, Head of Corporate Communications       Tel: +44 (0) 121 
                                                                234 0074 
                                                       Mob: [phone] 
                                                                 684 946 
 
 finnCap - Nominated adviser and broker             Tel: [phone] 
                                                                    0575 
 Matt Goode / James Thompson (Corporate 
  Finance) 
 Andrew Burdis (ECM) 
 
 N+1 Singer - Joint broker                          Tel: [phone] 
                                                                    3000 
 Peter Steel (Corporate Finance) 
 Rachel Hayes (Corporate Broking) 
 
 Belvedere Communications Limited - Financial 
  PR 
 Cat Valentine ([e-mail])            Mob: [phone] 
                                                                 769 078 
 Keeley Clarke ([e-mail])               Mob: [phone] 
                                                                 816 525 
 

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END

RAGURUORRKUROAA

(END) Dow Jones Newswires

October 30, 2020 09:31 ET (13:31 GMT)