Staffline Group PLC Result of AGM (7517G)

TIDMSTAF

RNS Number : 7517G

Staffline Group PLC

28 July 2021

28 July 2021

STAFFLINE GROUP PLC

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

Result of 2021 Annual General Meeting

The 2021 Annual General Meeting ("AGM") of Staffline, the recruitment and training group, was held today, Wednesday 28 July 2021. All of the resolutions proposed at the AGM were duly passed, with the exception of Resolution 13, which failed to carry, all other resolutions were passed by shareholders. Details of votes cast are as follows:

 
                                                   Voting for the resolutions 
 Resolution   Detail of resolution        Holders      Votes       % of    % of shares 
   number                                  Voting                  Votes    in issue* 
                                                                   Cast 
             --------------------------  --------  ------------  -------  ------------ 
              2020 Annual report 
     1         and accounts                 41      132,674,383   100.00     80.04% 
             --------------------------  --------  ------------  -------  ------------ 
              Directors' remuneration 
     2         report                       36      116,810,733   88.04      70.47% 
             --------------------------  --------  ------------  -------  ------------ 
              Re-elect director: 
     3         Albert Ellis                 41      132,678,306   100.00     80.04% 
             --------------------------  --------  ------------  -------  ------------ 
              Re-elect director: 
     4         Daniel Quint                 41      132,678,306   100.00     80.04% 
             --------------------------  --------  ------------  -------  ------------ 
              Re-elect director: 
     5         Ian Lawson                   41      132,678,222   100.00     80.04% 
             --------------------------  --------  ------------  -------  ------------ 
              Re-elect director: 
     6         Richard Thomson              40      132,509,197   99.87      79.94% 
             --------------------------  --------  ------------  -------  ------------ 
              Elect director: Catherine 
     7         Lynch                        41      132,609,306   99.95      80.00% 
             --------------------------  --------  ------------  -------  ------------ 
              Elect director: Ian 
     8         Starkey                      41      132,609,306   99.95      80.00% 
             --------------------------  --------  ------------  -------  ------------ 
              Elect director: Tom 
     9         Spain                        39      121,285,494   91.43      73.17% 
             --------------------------  --------  ------------  -------  ------------ 
              Reappoint Grant Thornton 
     10        as Auditors                  40      132,675,957   100.00     80.04% 
             --------------------------  --------  ------------  -------  ------------ 
     11       Remuneration of Auditors      41      132,676,291   100.00     80.04% 
             --------------------------  --------  ------------  -------  ------------ 
              General authority 
     12        to allot shares              37      82,692,917    62.32      49.88% 
             --------------------------  --------  ------------  -------  ------------ 
              Disapplication of 
    13**       pre-emption rights           36      82,692,892    62.32      49.88% 
             --------------------------  --------  ------------  -------  ------------ 
              Purchase of own shares 
    14**       in the market                39      132,134,244   99.59      79.71% 
             --------------------------  --------  ------------  -------  ------------ 
    15**      General Meetings              40      132,677,318   100.00     80.04% 
             --------------------------  --------  ------------  -------  ------------ 
 

* 165,767,728 ordinary 10p shares currently in issue.

** Special resolutions

The Company notes there was a sizable vote against Resolutions 12 & 13, representing 37.68% of votes cast on each resolution. Feedback received from certain shareholders indicated that some were concerned by the potential dilution caused by an allotment of shares, particularly on a non pre-emptive basis. The Board notes that it followed the Pre-emption Group Principles that the routine authority to disapply pre-emption rights should not exceed more than 5% of the ordinary share capital in any one year.

Enquiries:

 
 Staffline Group plc                              via Vigo Consulting 
  www.stafflinegroupplc.co.uk 
  Albert Ellis, Chief Executive Officer 
  Daniel Quint, Chief Financial Officer 
 
 Liberum (Nominated Adviser and Broker) 
  www.liberum.com 
  Richard Lindley / William Hall / Christopher 
  Whitaker                                        020 3100 2222 
 
 Vigo Consulting ( Financial PR)                  020 7390 0230 
  www.vigocomms.com                                [e-mail] 
  Jeremy Garcia / Antonia Pollock 
 

About Staffline - Recruitment, Training and Support

Enabling the Future of Work(TM)

Staffline is the UK's market leading Recruitment and Training group. It has three divisions:

Recruitment GB

Staffline is a leading provider of flexible blue-collar workers, supplying c.37,000 staff per day on average to around 450 client sites, across a wide range of industries including agriculture, supermarkets, drinks, driving, food processing, logistics and manufacturing.

Recruitment Ireland

The Recruitment Ireland business is a leading end to end solutions provider operating across twenty industries, ten branch locations, fifteen onsite customer locations, supplying c.5,000 staff per day on average, and offering RPO, MSP, temporary and permanent solutions across the island of Ireland.

PeoplePlus Division

Staffline is the leading adult skills and training provider in the UK, delivering adult education, prison education and skills-based employability programmes across the country.

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

RAGDKFBNFBKKFOB

(END) Dow Jones Newswires

July 28, 2021 06:00 ET (10:00 GMT)