Mpac Group PLC Result of AGM and Board Changes (5034L)

TIDMMPAC

RNS Number : 5034L

Mpac Group PLC

19 April 2018

MPAC GROUP PLC

("Mpac" or the "Company")

19 April 2018

Result of AGM and Board Changes

Mpac Group plc ("the Company") confirms that all the resolutions put to the Annual General Meeting ("AGM") held at the Company's offices at 13 Westwood Way, Westwood Business Park, Coventry, CV4 8HS at 12 noon today were passed by a show of hands. The table below gives details of the votes by proxy received by the Company.

As announced in the AGM statement released this morning, Phil Moorhouse stood down as Chairman of the Company at the conclusion of the AGM and Andrew Kitchingman, who has been a Non-Executive Director of the Company since May 2016, was appointed as Chairman with immediate effect. A process will commence to appoint an additional Non-Executive Director to supplement the Board.

The table below gives details of the votes by proxy received by the Company for each resolution put to the AGM.

 
 NO    RESOLUTION                    VOTES       %       VOTES       %       TOTAL     % of    VOTES 
                                       FOR             AGAINST               VOTES      ISC     WITH 
                                                                                      VOTED     HELD 
----  ------------------------  ----------  ------  ----------  ------  ----------  -------  ------- 
       To receive the 
        Company's audited 
        annual accounts 
        and Directors' 
        and auditor's 
        report for the 
        year ended 31 
 1.     December 2018.           8,210,662   99.99         603    0.01   8,211,265    40.71   80,000 
----  ------------------------  ----------  ------  ----------  ------  ----------  -------  ------- 
       To elect Mr 
        J R Haughey 
        as a Director 
 2.     of the Company           8,290,089   99.99       1,176    0.01   8,291,265    41.10        0 
----  ------------------------  ----------  ------  ----------  ------  ----------  -------  ------- 
       To re-elect 
        Mr J L Davies 
        as a Director 
 3.     of the Company           8,287,773   99.96       3,492    0.04   8,291,265    41.10        0 
----  ------------------------  ----------  ------  ----------  ------  ----------  -------  ------- 
       To re-elect 
        Mr A J Kitchingman 
        as a Director 
 4.     of the Company           8,290,662   99.99         603    0.01   8,291,265    41.10        0 
----  ------------------------  ----------  ------  ----------  ------  ----------  -------  ------- 
       To re-elect 
        Dr A Steels 
        as a Director 
 5.     of the Company           8,290,662   99.99         603    0.01   8,291,265    41.10        0 
----  ------------------------  ----------  ------  ----------  ------  ----------  -------  ------- 
       To approve the 
        Remuneration 
 6.     report                   8,178,384   99.74      21,569    0.26   8,199,953    40.65   91,312 
----  ------------------------  ----------  ------  ----------  ------  ----------  -------  ------- 
       To re-appoint 
 7.     KPMG as auditors         6,875,578   82.93   1,415,687   17.07   8,291,265    41.10        0 
----  ------------------------  ----------  ------  ----------  ------  ----------  -------  ------- 
       To authorise 
        the Audit Committee 
        to determine 
        the auditor's 
 8.     remuneration             6,885,814    83.1   1,400,451    16.9   8,286,265    41.08    5,000 
----  ------------------------  ----------  ------  ----------  ------  ----------  -------  ------- 
       Authority to 
 9.     allot shares             8,263,400   99.83      14,053    0.17   8,277,453    41.04   13,812 
----  ------------------------  ----------  ------  ----------  ------  ----------  -------  ------- 
       General authority 
        to disapply 
        pre-emption 
        rights (special 
 10.    resolution)              8,256,393   99.75      20,756    0.25   8,277,149    41.03   14,116 
----  ------------------------  ----------  ------  ----------  ------  ----------  -------  ------- 
       Additional authority 
        to disapply 
        pre-emption 
        rights for purposes 
        of acquisitions 
        or capital investments 
 11.    (special resolution)     8,256,493   99.75      20,656    0.25   8,277,149    41.03   14,116 
----  ------------------------  ----------  ------  ----------  ------  ----------  -------  ------- 
       Authority to 
        purchase own 
        shares (special 
 12.    resolution)              8,274,850   99.84      13,603    0.16   8,288,453    41.09    2,812 
----  ------------------------  ----------  ------  ----------  ------  ----------  -------  ------- 
       To allow certain 
        general meetings 
        to be called 
        on not less 
        than 14 days' 
 13.    notice                   8,204,498   98.95      86,767    1.05   8,291,265    41.10        0 
----  ------------------------  ----------  ------  ----------  ------  ----------  -------  ------- 
 

1. Any proxy arrangement which gave discretion to the Chairman has been included in the "for" totals.

2. 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.

   3.    The number of shares in issue at 6:00 p.m. on 17 April 2017 was 20,171,540 ("ISC"). 

For further information, please contact:

Mpac Group plc Tel: [phone]

Tony Steels, Chief Executive

Jim Haughey, Group Finance Director

Panmure Gordon (UK) Limited Tel: [phone]

(Nominated Advisor & Broker)

Andrew Potts, Peter Steel - Corporate Finance

James Stearns - Corporate Broking

Hudson Sandler Tel: [phone]

Nick Lyon

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 19, 2018 09:07 ET (13:07 GMT)