Headlam Group PLC Result of AGM (7778N)

TIDMHEAD

RNS Number : 7778N

Headlam Group PLC

22 May 2020

22 May 2020

Headlam Group plc

('Headlam' or the 'Company')

2020 Annual General Meeting ('AGM') Poll Results

The Board of Headlam is pleased to announce that all the resolutions put to its shareholders at the AGM held earlier today were duly passed by the requisite majorities on a poll.

In accordance with Listing Rule 9.6.2, copies of the special business resolutions (2, 13, 14 and 15) passed at the AGM will be submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

The results of the poll for each resolution are shown below:

 
                   Resolution                           Votes For (including                     Votes Against                 Votes                  Total Votes Cast 
                                                        discretionary votes)                                                  Withheld                 (excluding Votes 
                                                                                                                                                          Withheld) 
                                                    No. of            % of votes            No. of            % of            No. of             No. of           % of Issued 
                                                     Votes               cast                Votes            votes            Shares             Votes               Share 
                                                                                                              cast                                                 Capital(**) 
            -----------------------------  -----------------  --------------------  ----------------  --------------  ----------------  -----------------  ------------------- 
                   Receive the Annual 
                   Report 
       1.          and Accounts                   66,425,236                 99.99             8,055            0.01           158,030         66,433,291                78.24 
            -----------------------------  -----------------  --------------------  ----------------  --------------  ----------------  -----------------  ------------------- 
                   Approve the 
                   Remuneration 
       2.          Policy                         55,614,382                 92.57         4,463,551            7.43         6,513,388         60,077,933                70.75 
            -----------------------------  -----------------  --------------------  ----------------  --------------  ----------------  -----------------  ------------------- 
                   Approve the 
                   Remuneration 
       3.          Report                         59,378,521                 99.75           146,207            0.25         7,066,594         59,524,728                70.10 
            -----------------------------  -----------------  --------------------  ----------------  --------------  ----------------  -----------------  ------------------- 
                   Re-elect Philip 
       4.          Lawrence                       66,555,526                 99.95            35,795            0.05                 0         66,591,321                78.43 
            -----------------------------  -----------------  --------------------  ----------------  --------------  ----------------  -----------------  ------------------- 
       5.          Re-elect Steve Wilson          66,397,454                 99.71           193,868            0.29                 0         66,591,322                78.43 
            -----------------------------  -----------------  --------------------  ----------------  --------------  ----------------  -----------------  ------------------- 
       6.          Re-elect Chris Payne           66,561,941                 99.96            29,381            0.04                 0         66,591,322                78.43 
            -----------------------------  -----------------  --------------------  ----------------  --------------  ----------------  -----------------  ------------------- 
                   Re-elect Amanda 
       7.          Aldridge                       66,570,582                 99.97            20,740            0.03                 0         66,591,322                78.43 
            -----------------------------  -----------------  --------------------  ----------------  --------------  ----------------  -----------------  ------------------- 
                    Re-elect Keith 
       8.           Edelman                       59,801,384                  89.8         6,789,937            10.2                 0         66,591,321                78.43 
            -----------------------------  -----------------  --------------------  ----------------  --------------  ----------------  -----------------  ------------------- 
                    Re-elect Alison 
       9.           Littley                       66,570,582                 99.97            20,740            0.03                 0         66,591,322                78.43 
            -----------------------------  -----------------  --------------------  ----------------  --------------  ----------------  -----------------  ------------------- 
                   Re-appoint 
                   PricewaterhouseCoopers 
       10.         LLP as the Auditor             66,588,109                 99.99             2,000            0.01             1,213         66,590,109                78.42 
            -----------------------------  -----------------  --------------------  ----------------  --------------  ----------------  -----------------  ------------------- 
                   Authorise the 
                   Directors 
                   to determine Auditor's 
       11.         remuneration                   66,586,816                 99.99             4,506            0.01                 0         66,591,322                78.43 
            -----------------------------  -----------------  --------------------  ----------------  --------------  ----------------  -----------------  ------------------- 
                   Authorise allotment of 
       12.          shares                        66,588,029                 99.99             3,293            0.01                 0         66,591,322                78.43 
            -----------------------------  -----------------  --------------------  ----------------  --------------  ----------------  -----------------  ------------------- 
                   Disapply pre-emption 
       13.          rights*                       66,586,662                 99.99             4,660            0.01                 0         66,591,322                78.43 
            -----------------------------  -----------------  --------------------  ----------------  --------------  ----------------  -----------------  ------------------- 
                   Authorise purchase of 
       14.          own shares*                   66,392,819                 99.71           196,348            0.29             2,154         66,589,167                78.42 
            -----------------------------  -----------------  --------------------  ----------------  --------------  ----------------  -----------------  ------------------- 
                   Call general meetings 
       15.          on 14 days' notice*           66,096,966                 99.26           494,356            0.74                 0         66,591,322                78.43 
            -----------------------------  -----------------  --------------------  ----------------  --------------  ----------------  -----------------  ------------------- 
 

* Indicates a special resolution requiring a 75% majority of votes cast

** Excludes treasury shares

Notes:

1 A vote 'Withheld' is not a vote in law and is not counted in the calculation of the proportion of votes 'For' or 'Against' a resolution, the total votes validly cast or the calculation of the proportion of issued share capital voted.

2 As at the voting record date, Headlam had 85,452,093 ordinary shares in issue, of which 84,910,815 held voting rights.

   3   To calculate the proxy votes as a percentage of shares in issue, treasury shares were excluded. 

Enquiries:

 
Headlam Group plc                              Email: [e-mail] 
Steve Wilson, Chief Executive 
 Chris Payne, Chief Financial Officer 
 Catherine Miles, Director of Communications 
Investec Bank plc (Corporate Broker)           Tel: [phone] 
David Flin / Alex Wright 
Panmure Gordon (UK) Limited (Corporate         Tel: [phone] 
 Broker) 
Erik Anderson / Dominic Morley 
 / Ailsa Macmaster 
Buchanan (Financial PR and IR)                 Tel: [phone] 
Mark Court / Toto Berger 
 

Notes for Editors:

Operating for 28 years and employing 2,575 people as at 31 December 2019, Headlam is Europe's leading floorcoverings distributor.

Headlam provides the distribution channel between suppliers and trade customers of floorcoverings. Working in partnership with suppliers across the globe manufacturing a diverse range of floorcovering products and ancillary accessories, Headlam provides an unparalleled route to market for their products across the UK and certain Continental European territories.

The utilisation of an outsourced distribution channel enables manufacturers to focus on their core activities, incur reduced costs associated with distribution, and benefit from localised sales, marketing and distribution expertise that provides a more effective and greater route to market for their products.

To maximize customer and market penetration, and reflecting the regionalised nature of the marketplace, Headlam comprises 67 individual businesses in the UK and Continental Europe (France, the Netherlands and Switzerland) each operating under their own unique trade brand and utilising individual sales teams.

Headlam's extensive customer base, operating within both the residential and commercial sectors and comprising principally independent retailers and flooring contractors, receives the broadest product offering supported by next day delivery as well as additional marketing and other support.

Headlam's offering is enabled through its unrivalled operating expertise, long-established supplier and customer relationships, and comprehensive distribution network. Following years of considerable investment, Headlam's distribution network currently comprises four national distribution hubs, 19 regional distribution centres and a supporting network of smaller warehouse premises, trade counters, showrooms and specification centres.

In 2019, Headlam worked with 190 suppliers from 19 countries and fulfilled 5.3 million customer orders.

www.headlam.com

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May 22, 2020 06:21 ET (10:21 GMT)