Mothercare PLC Agm Statement And Trading Update

 
TIDMMTC 
 

Mothercare plc Annual General Meeting 9 September 2021: Results

At the annual general meeting held at 11.00am on 9 September 2021, the resolutions before the meeting were passed.

The following proxy votes had been received by the Company in respect of the resolutions:

 
                                                                                Votes                                 Votes 
                         Resolution                         Votes For     %    Against   %      Votes total  % ISC  withheld* 
    -----------------------------------------------------  -----------  -----  -------  ----  -------------  -----  ---------- 
    To receive the annual accounts, directors' report, 
     strategic report, directors' remuneration report and 
1    auditor's report                                      203,869,412  99.95  93,551   0.05   203,962,963   36.17  56,943,094 
    -----------------------------------------------------  -----------  -----  -------  ----  -------------  -----  ---------- 
2   To approve the directors' remuneration report          260,708,127  99.93  187,854  0.07   260,895,981   46.27    10,076 
    -----------------------------------------------------  -----------  -----  -------  ----  -------------  -----  ---------- 
3   To re-elect Clive Whiley as a director                 260,759,725  99.95  138,544  0.05   260,898,269   46.27    7,788 
    -----------------------------------------------------  -----------  -----  -------  ----  -------------  -----  ---------- 
4   To re-elect Andrew Cook as a director                  260,763,811  99.95  136,820  0.05   260,900,631   46.27    5,426 
    -----------------------------------------------------  -----------  -----  -------  ----  -------------  -----  ---------- 
5   To re-elect Gillian Kent as a director                 260,770,556  99.95  133,261  0.05   260,903,817   46.27    2,240 
    -----------------------------------------------------  -----------  -----  -------  ----  -------------  -----  ---------- 
6   To re-elect Mark Newton-Jones as a director            260,750,617  99.94  151,700  0.06   260,902,317   46.27    3,740 
    -----------------------------------------------------  -----------  -----  -------  ----  -------------  -----  ---------- 
7   To elect Brian Small as a director                     260,759,837  99.95  142,360  0.05   260,902,197   46.27    3,860 
    -----------------------------------------------------  -----------  -----  -------  ----  -------------  -----  ---------- 
8   Re-appoint auditors                                    260,834,415  99.97  66,964   0.03   260,901,379   46.27    4,678 
    -----------------------------------------------------  -----------  -----  -------  ----  -------------  -----  ---------- 
9   Auditors remuneration                                  260,858,104  99.98  43,787   0.02   260,901,891   46.27    4,166 
    -----------------------------------------------------  -----------  -----  -------  ----  -------------  -----  ---------- 
10  Authority for the directors to allot shares            260,568,545  99.87  333,071  0.13   260,901,616   46.27    4,441 
    -----------------------------------------------------  -----------  -----  -------  ----  -------------  -----  ---------- 
    To authorise political donations by the company and 
11   its subsidiaries                                      260,228,321  99.75  657,789  0.25   260,886,110   46.27    19,947 
    -----------------------------------------------------  -----------  -----  -------  ----  -------------  -----  ---------- 
12  Authority to disapply pre-emption rights               260,733,467  99.93  170,579  0.07   260,904,046   46.27    2,011 
    -----------------------------------------------------  -----------  -----  -------  ----  -------------  -----  ---------- 
13  Authority to further disapply pre-emption rights       260,757,057  99.94  147,487  0.06   260,904,544   46.27    1,513 
    -----------------------------------------------------  -----------  -----  -------  ----  -------------  -----  ---------- 
14  Authority to purchase own shares                       260,782,090  99.96  96,961   0.04   260,879,051   46.27    27,006 
    -----------------------------------------------------  -----------  -----  -------  ----  -------------  -----  ---------- 
 

Resolutions 12 to 14 were Special Resolutions.

Notes

* A vote withheld is not a vote in law and is not counted in the calculation of votes 'for' and 'against' each resolution

As at 8 September 2021, the Company's issued share capital and total voting rights consisted of 563,836,626 ordinary shares each carrying voting rights. There are no shares in treasury. As a result, proxy votes representing approximately 46% of the voting capital were cast for the AGM.

The full text of the resolutions can be found in the Notice of Meeting on the Company's website, www.mothercareplc.com.

Trading Update

Whilst we still anticipate that the steady state operation of our existing retail franchise operations, in more normal circumstances, should exceed annual operating profits of GBP15 million, the Group has continued to be impacted by Covid-19 during this financial year. For the first 21 weeks of our current financial year to March 2022 our total retail sales were GBP136 million, generating an adjusted EBITDA of approximately GBP4.0 million representing a significant improvement over the adjusted EBITDA of GBP2.2 million reported for the year ended 27 March 2021.

Further details:

Investor and analyst enquiries to:

   Mothercare plc                                Email: [e-mail] https://www.globenewswire.com/Tracker?data=AcJd9CRY7e4pioNPsOhT6ThtkGKQgceP2k560GuDwfQXOd7UA41aRcpd8mcZW1ay773xhdidcGU0zu8hVzS41LgiNldEiNi7Sm77I8NVzEL1mEsRbq0mONDAKCPBoLtM 

Clive Whiley, Chairman

Andrew Cook, Chief Financial Officer

   Numis Securities Limited                 Tel: [phone] 

(Nominated Advisor & Joint Corporate Broker)

Luke Bordewich

Henry Slater

   finnCap (Joint Corporate Broker)        Tel: [phone] 

Christopher Raggett

Media enquiries to:

   MHP Communications                       Email: [e-mail] https://www.globenewswire.com/Tracker?data=As9GtWIp7uN1gIeh_XuGRT36SPAIMNOgrgRXjHUjevde5GDF5LuJJsWW1aHz_g_Ucbpzg_Apmi2K1I_-hXS2XojNu94vHNlKQYGuIZyLzAw= 
   Simon Hockridge                        Tel: [phone] 

Alistair de Kare-Silver

The trading information contained within this announcement is deemed by the Company to constitute inside information and upon publication this inside information is now considered to be in the public domain.

The person responsible for the release of this announcement is Lynne Medini, Group Company Secretary.

(END) Dow Jones Newswires

September 09, 2021 06:49 ET (10:49 GMT)

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