Luceco PLC Result of AGM (9067R)

TIDMLUCE

RNS Number : 9067R

Luceco PLC

19 June 2018

Luceco plc

(the "Company")

19 June 2018

Annual General Meeting ("AGM") Results

The Company announces that at its Annual General Meeting held earlier today all the resolutions set out in the Notice of Annual General Meeting were passed by the requisite majority. Each of the resolutions put to the AGM was voted on by way of a poll. The results of the poll for each resolution were as follows:

 
Resolution                           For          For        Against       Against   Votes Withheld   Total issued. 
 * indicates Special            (No. of shares)    (%)    (No. of shares)    (%)     (No. of shares)   share capital 
 Resolution                                                                                             instructed 
                                                                                                            (%) 
  1. To receive the 
   Annual Report and 
   Accounts.                      92,520,227     82.16%     20,084,792     17.84%      1,090,722          70.03% 
  2. To approve the 
   Directors' Remuneration 
   Report.                       113,230,035     99.59%      465,706        0.41%          0              70.71% 
  3. To elect Matt 
   Webb as a Director.           113,675,713     99.99%       7,500         0.01%        12,529           70.70% 
  4. To re-appoint 
   KPMG LLP as auditor 
   of the Company.                86,395,151     77.63%     24,900,960     22.37%      2,399,631          69.21% 
  5. To authorise 
   the Audit Committee 
   to determine the 
   auditors' remuneration.       113,678,568     99.99%       16,769        0.01%         404             70.71% 
  6. To authorise 
   the Company to make 
   political donations.          109,961,137     97.37%     2,965,429       2.63%       769,174           70.23% 
  7. To authorise 
   the Directors to 
   allot ordinary shares.        111,837,469     98.65%     1,526,670       1.35%       331,603           70.50% 
  8. To disapply pre-emption 
   rights.*                      111,076,810     97.99%     2,281,611       2.01%       337,321           70.50% 
  9. To disapply pre-emption 
   rights for financing 
   an acquisition.*              110,632,186     97.60%     2,726,234       2.40%       337,321           70.50% 
  10. To authorise 
   the Company to purchase 
   its own ordinary 
   shares.*                      112,895,811     99.59%      466,923        0.41%       333,007           70.50% 
  11. To authorise 
   the Directors to 
   hold general meetings 
   on not less than 
   14 clear days' notice.*       113,049,920     99.43%      644,014        0.57%        1,808            70.71% 
 

*Special Resolution

In relation to today's AGM, the Board recognises that there has been a number of votes cast against Resolution 4 (re-appointment of the external auditors).

The Board takes the views of shareholders seriously and will consult with them over the coming months to ensure their views regarding the re-appointment of the external auditors are considered in detail.

The Board would like to reiterate its commitment to maintaining the highest governance standards, supported by a robust external audit.

 
 NOTES: 
 1.                                 All resolutions were passed. 
 2.                                 Proxy appointments which gave discretion to the Chairman 
                                     of the AGM have been included in the "For" total for 
                                     the appropriate resolution. 
 3.                                 Votes "For" and "Against" any resolution are expressed 
                                     as a percentage of votes validly cast for that resolution. 
 4.                                 A "Vote withheld" is not a vote in law and is not counted 
                                     in the calculation of the percentage of shares voted 
                                     "For" or "Against" any resolution nor in the calculation 
                                     of the proportion of "Total issued share capital instructed" 
                                     for any resolution. 
 5.                                 The number of shares in issue at close of business on 
                                     15 June 2018 was 160,800,000 (the "Share Capital") and 
                                     at that time, the Company did not hold any shares in 
                                     treasury. 
 6.                                 The proportion of "Total issued share capital instructed" 
                                     for any resolution is the total of votes validly cast 
                                     for that resolution (i.e. the total votes "For" and 
                                     "Against" that resolution) expressed as a percentage 
                                     of the Share Capital. 
 7.                                 The full text of the resolutions passed at the AGM can 
                                     be found in the Notice of Annual General Meeting which 
                                     is available on the Company's website at www.lucecoplc.com 
 8.                                 A copy of resolutions 7 - 11 passed at the AGM will 
                                     shortly be submitted to the National Storage Mechanism 
                                     and will be available for inspection at www.morningstar.co.uk/uk/NSM 
 9.                                 The complete poll results will be available shortly 
                                     on the Company's website at www.lucecoplc.com 
  For further information please 
   contact: 
 Luceco plc                          via MHP Communications 
  John Hornby, Chief Executive        020 3128 8100 
  Officer 
  Matt Webb, Chief Financial 
  Officer 
 MHP Communications 
  Tim Rowntree 
  James White 
  Ollie Hoare 
  Rossina Garcia                     020 3128 8100 
 Numis Securities 
  Stuart Skinner 
  Oliver Hardy 
  Toby Adcock                        020 7260 1000 
 
 

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June 19, 2018 11:33 ET (15:33 GMT)