Safestyle UK PLC Result of AGM (9253M)

TIDMSFE

RNS Number : 9253M

Safestyle UK PLC

14 May 2020

14 May 2020

Safestyle UK PLC

("Safestyle", the "Company" or the "Group")

Result of AGM

Safestyle UK plc, the leading retailer and manufacturer of PVCu replacement windows and doors to the UK homeowner market, announces that at the Annual General Meeting held earlier today, all resolutions were duly passed.

 
            Resolution                      For                Against         Withheld       Total 
                                                                                              votes 
                                                                                               cast 
                                     Number of      %       Number       %      Number 
                                       votes               of votes             of votes 
                                   ------------  ------  -----------  ------  ----------  ------------ 
       Ordinary resolution 
        to receive the Company's 
        annual accounts for 
        the financial year 
        ended 31 December 
 1.     2019.                       96,158,690    94.68   5,405,536    5.32        0       101,564,226 
      ---------------------------  ------------  ------  -----------  ------  ----------  ------------ 
       Ordinary resolution 
        to obtain shareholder 
        approval for the 
        directors' remuneration 
        report in respect 
        of the year ended 
 2.     31 December 2019.           87,581,769    86.23   13,982,457   13.77       0       101,564,226 
      ---------------------------  ------------  ------  -----------  ------  ----------  ------------ 
       Ordinary resolution 
        to re-elect Michael 
        Gallacher as a director 
 3.     of the Company.             101,562,305    100        0          0       1,921     101,564,226 
      ---------------------------  ------------  ------  -----------  ------  ----------  ------------ 
       Ordinary resolution 
        to re-elect Robert 
        Neale as a director 
 4.     of the Company.             101,562,305    100        0          0       1,921     101,564,226 
      ---------------------------  ------------  ------  -----------  ------  ----------  ------------ 
       Ordinary resolution 
        to appoint Grant 
        Thornton UK LLP as 
        the Company's auditors 
        to hold office from 
        the conclusion of 
        this meeting until 
        the conclusion of 
        the next meeting, 
        in accordance with 
 5.     normal practice.            101,563,142   99.99     1,084      0.01        0       101,564,226 
      ---------------------------  ------------  ------  -----------  ------  ----------  ------------ 
       Ordinary resolution 
        to authorise the 
        directors to determine 
        the remuneration 
 6.     of the auditors             101,564,226    100        0          0         0       101,564,226 
      ---------------------------  ------------  ------  -----------  ------  ----------  ------------ 
       Ordinary resolution 
        to approve the directors 
        to allot ordinary 
        shares in the Company 
        (and to grant rights 
        to subscribe for, 
        or to convert any 
        security into, ordinary 
        shares in the Company) 
        up to an aggregate 
        nominal amount of 
        GBP276,029.65 and 
        in connection with 
        a rights issue only 
        up to a further aggregate 
        nominal amount of 
 7.     GBP276,029.65.              101,562,305   99.99     1,921      0.01        0       101,564,226 
      ---------------------------  ------------  ------  -----------  ------  ----------  ------------ 
       Ordinary resolution 
        to allow the Company 
        to hold any shares 
        in the capital of 
        the Company that 
        it purchases pursuant 
        to resolution 10 
 8.     as treasury shares.         101,562,305   99.99     1,921      0.01        0       101,564,226 
      ---------------------------  ------------  ------  -----------  ------  ----------  ------------ 
       Special resolution 
        to enable the directors 
        to allot, grant options 
        over or otherwise 
        dispose of equity 
        securities for cash 
        or sell treasury 
        shares for cash up 
        to a maximum aggregate 
        nominal amount of 
        GBP552,059.31 as 
        if pre-emption rights 
        did not apply to 
 9.     such allotment.             89,415,502    88.04   12,148,724   11.96       0       101,564,226 
      ---------------------------  ------------  ------  -----------  ------  ----------  ------------ 
       Special resolution 
        to allow the Company 
        to purchase up to 
        8,280,890 ordinary 
        shares in the market 
        (which represents 
        approximately 10 
        per cent of the issued 
        ordinary share capital 
        of the Company as 
        at Wednesday 8 April 
 10.    2020.)                      101,564,226    100        0          0         0       101,564,226 
      ---------------------------  ------------  ------  -----------  ------  ----------  ------------ 
 

Enquiries:

 
 Safestyle UK plc                                via FTI Consulting 
  Mike Gallacher, Chief Executive Officer 
  Rob Neale, Chief Financial Officer 
 Zeus Capital (Nominated Adviser & Joint         Tel: [phone] 
  Broker) 
  Dan Bate / Daniel Harris / Dominic King 
 Liberum Capital Limited (Joint Broker)          Tel: [phone] 
  Neil Patel / Jamie Richards 
 FTI Consulting (Financial PR)                   Tel: [phone] 
  Alex Beagley / James Styles / Sam Macpherson 
 

About Safestyle UK plc

The Group is the leading retailer and manufacturer of PVCu replacement windows and doors to the UK homeowner market. For more information please visit www.safestyleukplc.co.uk or www.safestyle-windows.co.uk .

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

RAGEAESLFFAEEFA

(END) Dow Jones Newswires

May 14, 2020 06:14 ET (10:14 GMT)