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Share Name Share Symbol Market Type Share ISIN Share Description
Luceco Plc LSE:LUCE London Ordinary Share GB00BZC0LP49 ORD GBP0.0005
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -7.00 -1.78% 386.00 384.00 386.00 395.00 371.50 395.00 61,120 11:53:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 176.2 33.6 18.0 21.4 621

Luceco PLC Result of AGM

13/05/2021 3:44pm

UK Regulatory (RNS & others)


Luceco (LSE:LUCE)
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TIDMLUCE

RNS Number : 5873Y

Luceco PLC

13 May 2021

Luceco plc

(the "Company")

13 May 2021

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:

 
 No.   Resolution                           For                 Against           Votes       Total issued 
                                                                                 Withheld     share capital 
                                                                                               instructed 
                                     Number         %        Number       %       Number           % 
                                    of shares               of shares            of shares 
                                  ------------  --------  -----------  ------  -----------  --------------- 
       To receive the Annual 
 1      Report and Accounts        130,487,552   99.997      3,500      0.003    425,000         81.15 
      --------------------------  ------------  --------  -----------  ------  -----------  --------------- 
       To declare a final 
        dividend of 4.7 
        pence per ordinary 
 2      share                      130,916,052   100.000       0        0.000       0            81.42 
      --------------------------  ------------  --------  -----------  ------  -----------  --------------- 
       To approve the Directors' 
 3      Remuneration Report        129,980,603   99.671     428,500     0.329    506,949         81.10 
      --------------------------  ------------  --------  -----------  ------  -----------  --------------- 
       To re-elect Giles 
        B rand 
 4      as a Director              127,537,228   97.419    3,378,824    2.581       0            81.42 
      --------------------------  ------------  --------  -----------  ------  -----------  --------------- 
       To re-elect Caroline 
 5      Brown as a Director        130,905,452   99.997      3,500      0.003     7,100          81.41 
      --------------------------  ------------  --------  -----------  ------  -----------  --------------- 
       To re-elect John 
        Hornby 
 6      as a Director              130,912,552   99.997      3,500      0.003       0            81.42 
      --------------------------  ------------  --------  -----------  ------  -----------  --------------- 
       To re-elect Will 
        Hoy 
 7      as a Director              130,905,452   99.997      3,500      0.003     7,100          81.41 
      --------------------------  ------------  --------  -----------  ------  -----------  --------------- 
       To re-elect Tim 
        Surridge 
 8      as a Director              130,905,452   99.997      3,500      0.003     7,100          81.41 
      --------------------------  ------------  --------  -----------  ------  -----------  --------------- 
       To elect Pim Vervaat 
 9      as a Director              130,905,452   99.997      3,500      0.003     7,100          81.41 
      --------------------------  ------------  --------  -----------  ------  -----------  --------------- 
       To re-elect Matt 
        Webb 
 10     as a Director              130,693,865   99.836     215,087     0.164     7,100          81.41 
      --------------------------  ------------  --------  -----------  ------  -----------  --------------- 
       To re-appoint KPMG 
        LLP 
        as Auditor of the 
 11     Company                    130,487,552   99.673     428,500     0.327       0            81.42 
      --------------------------  ------------  --------  -----------  ------  -----------  --------------- 
       To authorise the 
        Audit Committee 
        to determine the 
 12     Auditor's remuneration     130,912,552   99.997      3,500      0.003       0            81.42 
      --------------------------  ------------  --------  -----------  ------  -----------  --------------- 
       To make political 
        donations and incur 
 13     political expenditure      129,449,605   99.208    1,033,685    0.792    432,762         81.15 
      --------------------------  ------------  --------  -----------  ------  -----------  --------------- 
       Authority to allot 
 14     shares                     130,834,625   99.938      81,427     0.062       0            81.42 
      --------------------------  ------------  --------  -----------  ------  -----------  --------------- 
       Authority to disapply 
 15*    pre-emption rights         130,902,273   99.994      7,779      0.006     6,000          81.41 
      --------------------------  ------------  --------  -----------  ------  -----------  --------------- 
       Authority to disapply 
        pre-emption rights 
 16*    in limited circumstances   130,476,365   99.671     430,687     0.329     9,000          81.41 
      --------------------------  ------------  --------  -----------  ------  -----------  --------------- 
       Authority for the 
        Company to purchase 
 17*    its own shares             130,482,865   99.669     433,187     0.331       0            81.42 
      --------------------------  ------------  --------  -----------  ------  -----------  --------------- 
       Authority to call 
        general meetings 
        (other than AGMs) 
        on 14 clear days' 
 18*    notice                     130,737,487   99.864     178,565     0.136       0            81.42 
      --------------------------  ------------  --------  -----------  ------  -----------  --------------- 
 * 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 79,531,291 of votes received (40,064,372 shares, 9,466,919 shares and 30,000,000 shares respectively). Each resolution to re-elect independent non-executive directors (resolutions 5, 7, 8 and 9) 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 11 May 2021 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 14-18 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.                                 These 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 8572 
  Officer 
  Matt Webb, Chief Financial 
  Officer 
 MHP Communications 
  Tim Rowntree 
  James Bavister                     020 3128 8572 
 
 

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END

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May 13, 2021 10:44 ET (14:44 GMT)

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