Photo-Me International PLC Result of AGM (8850O)

TIDMPHTM

RNS Number : 8850O

Photo-Me International PLC

04 October 2019

Released: 0410.2019

Photo-Me International PLC

4 October 2019

Photo-Me International plc

("Photo-Me", the "Company" or the "Group")

Results of 2019 AGM

Photo-Me, the instant-service equipment group, announces that all resolutions proposed at the Annual General Meeting of the Company held on 3 October 2019 were passed by shareholders (resolutions 9 and 10 being passed as special resolutions).

Resolution

 
  1.   To receive the Accounts and Reports of the directors and 
        the auditor for the year ended 30 April 2019. 
  2.   To approve the directors' remuneration report for the year 
        ended 30 April 2019. 
  3.   To declare a final dividend for the year ended 30 April 2019 
        of 4.73p per share, payable on 8 November 2019. 
  4.   To appoint Mazars LLP as auditor. 
  5.   To authorise the directors to fix the remuneration of the 
        auditor. 
  6.   To re-elect Mr Olympitis as a director. 
  7.   To re-elect Mr Janailhac as a director. 
  8.   To authorise the directors to allot shares and grant rights 
        to subscribe for, or convert any security into, shares up 
        to a maximum amount. 
  9.   To enable directors to allot shares for cash without first 
        offering them to existing shareholders. 
 10.   To authorise the Company to make market purchases of its 
        own shares. 
 11.   To approve the grant of up to three million share options 
        to Mr Pascal Faucher. 
 

All resolutions were passed on a show of hands. The following levels of proxy appointments and associated instructions were received before the meeting:

 
                               The number of shares 
                                in respect of which 
                                proxy appointments 
                                have been validly    Proxy Votes  Proxy Votes  Proxy Votes 
Ordinary Business               made                     For        Against      withheld 
Ordinary Resolutions 
                               --------------------  -----------  -----------  ----------- 
     To receive the 
      Accounts and Report 
      of the directors 
      and the auditor 
      for the year ended 
1     30 April 2019                306,027,992       305,817,544    52,493       157,955 
     ------------------------  --------------------  -----------  -----------  ----------- 
     To approve the 
      directors' remuneration 
      report for the 
      year ended 30 
2     April 2019.                  306,027,992       300,144,424   5,783,499     100,069 
     ------------------------  --------------------  -----------  -----------  ----------- 
     To declare a final 
      dividend for the 
      year ended 30 
      April 2019 of 
      4.73p per share, 
      payable on 8 November 
3     2019.                        306,027,993       306,026,913       0          1,080 
     ------------------------  --------------------  -----------  -----------  ----------- 
     To appoint Mazars 
4     LLP as auditor.              306,027,992       265,304,241  38,385,950    2,337,801 
     ------------------------  --------------------  -----------  -----------  ----------- 
     To authorise the 
      directors to fix 
      the remuneration 
5     of the auditor.              306,027,993       306,004,337    12,858       10,798 
     ------------------------  --------------------  -----------  -----------  ----------- 
     To re-elect Mr 
      Olympitis as a 
6     director.                    306,027,992       293,895,249  12,074,755     57,988 
     ------------------------  --------------------  -----------  -----------  ----------- 
     To re-elect Mr 
      Janailhac as a 
7     director.                    306,027,992       301,154,064   4,812,690     61,238 
     ------------------------  --------------------  -----------  -----------  ----------- 
 
  Special Business 
                               --------------------  -----------  -----------  ----------- 
Ordinary Resolution 
                               --------------------  -----------  -----------  ----------- 
     To authorise the 
      directors to allot 
      shares and grant 
      rights to subscribe 
      for, 
      or convert any 
      security into, 
      shares up to a 
8.    maximum amount.              306,027,992       304,110,226   1,714,597     203,169 
     ------------------------  --------------------  -----------  -----------  ----------- 
Special Resolutions 
                               --------------------  -----------  -----------  ----------- 
     To enable directors 
      to allot shares 
      for cash without 
      first offering 
      them to existing 
9.    shareholders.                306,027,993       303,725,261   2,113,613     189,119 
     ------------------------  --------------------  -----------  -----------  ----------- 
     To authorise the 
      Company to make 
      market purchases 
10.   of its own shares.           306,027,992       305,736,568    242,163      49,261 
     ------------------------  --------------------  -----------  -----------  ----------- 
Ordinary Resolution 
                               --------------------  -----------  -----------  ----------- 
     To approve grant 
      of up to 3 million 
      share options 
11.   to Mr Pascal Faucher.        306,027,992       260,738,717  43,718,214    1,571,061 
     ------------------------  --------------------  -----------  -----------  ----------- 
 

Notes:

1. Votes withheld have not been counted in the calculation of the proportion of the votes "for" and "against" resolutions.

2. Valid proxy instructions were received in respect of 316,089,671 shares representing 86.68% of the issued share capital.

3. Any proxy appointments which gave discretion to the Chairman have been included in the "for" total.

Total shares in issue as at 3 October 2019: 378,011,637

Enquiries:

Photo-Me International plc

   Del Mansi (Company Secretary)                                                        01372 453 399 

Hudson Sandler LLP

   Wendy Baker / Emily Dillon / Nick Moore                                          020 7796 4133 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

RAGUGGPWUUPBGAC

(END) Dow Jones Newswires

October 04, 2019 11:34 ET (15:34 GMT)