Luceco PLC Result of AGM (0210P)

TIDMLUCE

RNS Number : 0210P

Luceco PLC

04 June 2020

Luceco plc

(the "Company")

4 June 2020

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                    123,369,913     99.99        11,865        0.01        425,000           76.73% 
  2. To approve the 
   Directors' Remuneration 
   Report                      123,364,708     99.99        15,666        0.01        426,404           76.73% 
  3. To approve the 
   Directors' Remuneration 
   Policy                      113,292,183     91.51      10,509,986      8.49         4,609            76.99% 
  4. To re-elect Giles 
   B rand as a Director        119,949,511     96.89      3,855,438       3.11         1,829            76.99% 
  5. To re-elect Caroline 
   Brown as a Director         113,596,664     91.75      10,208,429      8.25         1,686            76.99% 
  6. To re-elect John 
   Hornby as a Director        123,799,524     100.00       5,426         0.00         1,829            76.99% 
  7. To re-elect 
   Will Hoy as a Director      123,799,524     100.00       5,426         0.00         1,829            76.99% 
 8. To re-elect 
  Tim Surridge as 
  a Director                   123,368,084     99.65       436,865        0.35         1,829            76.99% 
 9. To re-elect 
  Matt Webb 
  as a Director                123,352,416     99.63       452,534        0.37         1,829            76.99% 
  10. To re-appoint 
   KPMG LLP as Auditor 
   of the Company              123,374,263     100.00       5,426         0.00        427,090           76.73% 
  11. To authorise 
   the Audit Committee 
   to determine the 
   Auditor's remuneration      123,799,263     100.00       5,426         0.00         2,090            76.99% 
  12. To authorise 
   the Company to make 
   political donations         122,365,058     99.18      1,014,630       0.82        427,090           76.73% 
  13. To authorise 
   the Directors to 
   allot ordinary shares       123,674,199     99.89       130,347        0.11         2,233            76.99% 
  14. To authorise 
   the issue of equity 
   without pre-emption 
   rights*                     123,799,120     100.00       5,426         0.00         2,233            76.99% 
  15. To authorise 
   the issue of equity 
   without pre-emption 
   rights in connection 
   with an acquisition 
   or capital investment*      123,367,680     99.65       436,865        0.35         2,233            76.99% 
  16. To authorise 
   the Company to purchase 
   its own ordinary 
   shares.*                    123,359,759     99.64       446,615        0.36          404             76.99% 
  17. To authorise 
   the Directors to 
   call general meetings 
   on not less than 
   14 clear days' notice.*     123,650,826     99.87       155,953        0.13           0              76.99% 
 
 

*Special Resolution

For the purposes of the FCA Listing Rules, the Luceco plc Concert Party (being EPIC Investments LLP, Giles Brand and John Hornby) is a controlling shareholder, whose votes accounted for 83,531,291 of votes received (44,064,372 shares, 9,466,919 shares and 30,000,000 shares respectively). Each resolution to re-elect independent non-executive directors (resolutions 5, 7 and 8) have under Listing Rule 9.2.2E been approved by a majority of the votes cast by: (i) the shareholders of the Company as a whole; and (ii) the independent shareholders of the Company, that is, all the shareholders entitled to vote on each resolution excluding the controlling shareholder.

 
 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 2 June 2020 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 13-17 passed at the AGM will 
             shortly be submitted to the National Storage Mechanism 
             and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. 
 9.         The complete poll results will be available shortly 
             on the Company's website at www.lucecoplc.co m 
  For further information please 
   contact: 
 Luceco plc                                                via MHP Communications 
  John Hornby, Chief Executive                              020 3128 8572 
  Officer 
  Matt Webb, Chief Financial 
  Officer 
 MHP Communications 
  Tim Rowntree 
  James Bavister                                           020 3128 8572 
 
 

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June 04, 2020 11:20 ET (15:20 GMT)