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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.80 | -0.48% | 165.00 | 163.00 | 165.40 | 166.00 | 161.20 | 162.00 | 310,427 | 16:35:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Comml, Indl Elec Light Fixtr | 206.3M | 11M | 0.0684 | 24.18 | 265.96M |
From Apr 2022 to Apr 2024
TIDMLUCE
RNS Number : 3631L
Luceco PLC
13 May 2022
Luceco plc
(the "Company")
13 May 2022
Annual General Meeting ("AGM") Results
The Company announces that at its Annual General Meeting held on 12 May 2022 at the offices of Numis at 45 Gresham St, London EC2V 7BF each of the resolutions set out in the Notice of Annual General Meeting were voted by way of a poll. The results of the poll for each resolution were as follows:
Hot Features
Premium
No. Resolution For Against Votes Total
Withheld issued
share capital
instructed
Number % Number % Number %
of shares of shares of shares
-------------- ------ ----------- ------ ----------- ---------------
To receive the Annual
1 Report and Accounts 115,783,449 99.99 15 0.01 482,163 72.00
-------------------------- -------------- ------ ----------- ------ ----------- ---------------
To declare a final
dividend of 5.5
pence per ordinary
2 share 116,264,627 100 0 0.00 1,000 72.30
-------------------------- -------------- ------ ----------- ------ ----------- ---------------
To approve the Directors'
3 Remuneration Report 96,826,276 83.29 19,421,351 16.71 18,000 72.29
-------------------------- -------------- ------ ----------- ------ ----------- ---------------
To re-elect Giles
Brand
4 as a Director 100,717,387 86.63 15,543,400 13.37 4,840 72.30
-------------------------- -------------- ------ ----------- ------ ----------- ---------------
To re-elect Caroline
5 Brown as a Director 108,464,008 93.30 7,791,799 6.70 9,820 72.30
-------------------------- -------------- ------ ----------- ------ ----------- ---------------
To re-elect John
Hornby
6 as a Director 116,141,121 99.90 119,666 0.10 4,840 72.30
-------------------------- -------------- ------ ----------- ------ ----------- ---------------
To re-elect Will
Hoy
7 as a Director 116,145,072 99.90 117,715 0.10 2,840 72.30
-------------------------- -------------- ------ ----------- ------ ----------- ---------------
To re-elect Tim
Surridge
8 as a Director 116,136,763 99.90 119,812 0.10 9,052 72.30
-------------------------- -------------- ------ ----------- ------ ----------- ---------------
To elect Pim Vervaat
9 as a Director 104,772,242 90.12 11,483,565 9.88 9,820 72.30
-------------------------- -------------- ------ ----------- ------ ----------- ---------------
To re-elect Matt
Webb
10 as a Director 116,105,001 99.87 150,806 0.13 9,820 72.30
-------------------------- -------------- ------ ----------- ------ ----------- ---------------
To re-appoint KPMG
LLP
as Auditor of the
11 Company 115,834,584 99.63 430,043 0.37 1,000 72.30
-------------------------- -------------- ------ ----------- ------ ----------- ---------------
To authorise the
Audit Committee
to determine the
12 Auditor's remuneration 116,263,047 99.99 812 0.01 1,768 72.30
-------------------------- -------------- ------ ----------- ------ ----------- ---------------
To make political
donations and incur
13 political expenditure 114,973,657 99.26 861,695 0.74 430,275 72.04
-------------------------- -------------- ------ ----------- ------ ----------- ---------------
Authority to allot
14 shares 116,058,618 99.83 202,169 0.17 4,840 72.30
-------------------------- -------------- ------ ----------- ------ ----------- ---------------
Authority to disapply
15* pre-emption rights 116,239,748 99.98 21,836 0.02 4,043 72.30
-------------------------- -------------- ------ ----------- ------ ----------- ---------------
Authority to disapply
pre-emption rights
16* in limited circumstances 115,814,748 99.62 446,039 0.38 4,840 72.30
-------------------------- -------------- ------ ----------- ------ ----------- ---------------
Authority for the
Company to purchase
17* its own shares 115,816,284 99.62 442,392 0.38 6,951 72.30
-------------------------- -------------- ------ ----------- ------ ----------- ---------------
Authority to call
general meetings
(other than AGMs)
on 14 clear days'
18* notice 115,712,947 99.53 549,680 0.47 3,000 72.30
-------------------------- -------------- ------ ----------- ------ ----------- ---------------
To approve amendments
to the Articles
19* of Association 115,314,024 99.20 929,763 0.80 21,840 72.29
-------------------------- -------------- ------ ----------- ------ ----------- ---------------
To approve the Rule
20 9 Waiver 86,279,211 74.23 29,958,576 25.77 27,840 72.29
-------------------------- -------------- ------ ----------- ------ ----------- ---------------
* special resolution
Independent Issued Share Capital: 87,284,533
No. Resolution For Against Votes Total
Withheld issued
share capital
instructed
--------------------- ------------------- ------------------- ----------- ---------------
Number % Number % Number %
of shares of shares of shares
--------------------- ----------- ------ ----------- ------ ----------- ---------------
To re-elect Caroline
5* Brown as a Director 34,948,541 81.77 7,791,799 18.23 9,820 48.97
--------------------- ----------- ------ ----------- ------ ----------- ---------------
To re-elect Will
Hoy
7* as a Director 42,629,605 99.72 117,715 0.28 2,840 48.97
--------------------- ----------- ------ ----------- ------ ----------- ---------------
To re-elect Tim
Surridge
8* as a Director 42,621,296 99.72 119,812 0.28 9,052 48.97
--------------------- ----------- ------ ----------- ------ ----------- ---------------
To elect Pim Vervaat
9* as a Director 31,256,775 73.13 11,483,565 26.87 9,820 48.97
--------------------- ----------- ------ ----------- ------ ----------- ---------------
To approve the Rule
20* 9 Waiver 12,763,744 29.88 29,958,576 70.12 27,840 48.95
--------------------- ----------- ------ ----------- ------ ----------- ---------------
*independent resolution
For the purposes of the FCA Listing Rules, the Concert Party (being EPIC, Giles Brand, Deanmor Investments, John Hornby and his PCAs) is a controlling shareholder as a result of it holding 73,515,467 shares (35,564,260 shares, 9,466,919 shares and 28,484,288 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.
Per the Notice of AGM, the members of the Concert Party were not entitled to vote on the Rule 9 Waiver (Resolution 20). The Board is disappointed in the failure to pass the resolution by a majority of votes cast by the independent shareholders of the Company. The Board considers that the proposed waiver granted by the Panel of the obligation that would otherwise arise for the Concert Party either individually or collectively to make an offer under Rule 9 of the Takeover Code in relation to the authority to make market purchases to be in the best interests of the Company and the Non-Concert Party Shareholders as a whole. The Board remains committed to continuing an open and transparent dialogue and will, accordingly, seek to continue to engage with those shareholders regarding their views in this area.
NOTES:
1. Resolutions 1-19 were passed. Resolution 20 was not
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 10 May 2022 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 15-19 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.co m
For further information please
contact:
Luceco plc via MHP Communications
John Hornby, Chief Executive 020 3128 8990
Officer
Matt Webb, Chief Financial
Officer
MHP Communications
Tim Rowntree
James Bavister 020 3128 8572
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END
RAGSFFFUEEESESI
(END) Dow Jones Newswires
May 13, 2022 02:01 ET (06:01 GMT)
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