Stock Spirits Group PLC AGM Poll Results (2182C)

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RNS Number : 2182C

Stock Spirits Group PLC

06 February 2020

6 February 2020

Stock Spirits Group PLC

AGM Poll Results

At the Company's AGM held today, all of the resolutions set out in the 2020 Notice of Meeting were approved by the shareholders by way of a poll, with the exception of Western Gate Private Investments' ("Western Gate") requisitioned ordinary resolution 20.

The Board notes that 20.89% of votes cast were against the Remuneration Report, and 23.22% against the Remuneration Policy. The Group remains committed to ongoing dialogue with our shareholders and, as part of the development of the new Remuneration Policy, we will reflect on feedback received from shareholders. A further update on these matters will be included in the Group's Annual Report.

With regard to Western Gate's requisitioned ordinary resolution 20, it is noted that 13.97% of votes cast were 'for' the resolution, of which 12.14% were represented by Western Gate and 1.83% from other shareholders.

The results of the poll for each resolution were as follows:

 
 Details                                 For -           For -           Against         Against       Number 
                                (No. of shares    (% of shares    (No. of shares    (% of shares     of Votes 
                                        voted)          voted)            voted)          voted)     Withheld 
 Resolution 1 
  To receive the Accounts, 
  the Directors', Strategic 
  and Auditor's Reports            163,775,889         100.00%                 0           0.00%    1,009,993 
                              ----------------  --------------  ----------------  --------------  ----------- 
 Resolution 2 
  To approve the Directors' 
  Remuneration Report              130,353,924          79.11%        34,431,957          20.89%            0 
                              ----------------  --------------  ----------------  --------------  ----------- 
 Resolution 3 
  To approve the Directors' 
  Remuneration Policy              126,528,713          76.78%        38,257,168          23.22%            0 
                              ----------------  --------------  ----------------  --------------  ----------- 
 Resolution 4 
  To declare a final 
  dividend                         164,785,882         100.00%                 0           0.00%            0 
                              ----------------  --------------  ----------------  --------------  ----------- 
 Resolution 5 
  To re-elect Mr David 
  Maloney as a Director            137,844,119          85.37%        23,613,998          14.63%    3,327,764 
                              ----------------  --------------  ----------------  --------------  ----------- 
 Resolution 6 
  To re-elect Mr John 
  Nicolson as a Director           142,652,757          86.57%        22,130,850          13.43%        2,275 
                              ----------------  --------------  ----------------  --------------  ----------- 
 Resolution 7 
  To re-elect Mr Miroslaw 
  Stachowicz as a Director         162,933,936          98.88%         1,849,671           1.12%        2,275 
                              ----------------  --------------  ----------------  --------------  ----------- 
 Resolution 8 
  To re-elect Mr Paul 
  Bal as a Director                162,690,304          98.73%         2,093,303           1.27%        2,275 
                              ----------------  --------------  ----------------  --------------  ----------- 
 Resolution 9 
  To re-elect Mr Diego 
  Bevilacqua as a Director         142,654,253          98.54%         2,111,000           1.46%   20,020,629 
                              ----------------  --------------  ----------------  --------------  ----------- 
 Resolution 10 
  To re-elect Mr Michael 
  Butterworth as a 
  Director                         142,655,032          98.54%         2,112,496           1.46%   20,018,354 
                              ----------------  --------------  ----------------  --------------  ----------- 
 Resolution 11 
  To re-elect Mr Tomasz 
  Blawat as a Director             142,901,755          98.71%         1,863,498           1.29%   20,020,629 
                              ----------------  --------------  ----------------  --------------  ----------- 
 Resolution 12 
  To re-elect Kate 
  Allum as a Director              142,658,123          98.54%         2,107,130           1.46%   20,020,629 
                              ----------------  --------------  ----------------  --------------  ----------- 
 Resolution 13 
  To re-appoint KPMG 
  as Auditor                       164,781,574         100.00%             4,308           0.00%            0 
                              ----------------  --------------  ----------------  --------------  ----------- 
 Resolution 15 
  To authorise the 
  Audit Committee to 
  determine the Auditor's 
  remuneration                     164,781,574         100.00%             2,033           0.00%        2,275 
                              ----------------  --------------  ----------------  --------------  ----------- 
 Resolution 15 
  To authorise the 
  Directors to allot 
  ordinary shares                  151,756,268          92.09%        13,027,339           7.91%        2,275 
                              ----------------  --------------  ----------------  --------------  ----------- 
 Resolution 16* 
  To dis-apply pre-emption 
  rights                           161,519,811          98.02%         3,263,796           1.98%        2,275 
                              ----------------  --------------  ----------------  --------------  ----------- 
 Resolution 17* 
  To dis-apply pre-emption 
  rights in connection 
  with an acquisition 
  or specified capital 
  investment                       150,112,512          91.10%        14,671,094           8.90%        2,275 
                              ----------------  --------------  ----------------  --------------  ----------- 
 Resolution 18* 
  To authorise the 
  Company to buy back 
  its own shares                   163,796,002          99.52%           790,086           0.48%      199,792 
                              ----------------  --------------  ----------------  --------------  ----------- 
 Resolution 19* 
  To allow general 
  meetings to be held 
  on not less than 
  14 clear days' notice            143,817,285          87.28%        20,968,597          12.72%            0 
                              ----------------  --------------  ----------------  --------------  ----------- 
 Requisitioned Resolution 
  20 
  To approve a special 
  dividend                          23,022,251          13.97%       141,763,240          86.03%          390 
                              ----------------  --------------  ----------------  --------------  ----------- 
 

*Special Resolution

Notes:

   1.         Votes "For" and "Against" are expressed as a percentage of votes received. 

2. A "Vote withheld" is not a vote in law and is not counted in the calculation of the % of shares voted "For" or "Against" a resolution.

3. Total number of shares in issue at 6pm on 4 February 2020 was 200,000,000 ordinary shares. 82.39% of voting capital was instructed.

   4.         Western Gate holds 10% of the issued share capital of the company. 

As required by the Listing Rules, copies of the AGM resolutions numbers 16-19 will be made available for inspection from the National Storage Mechanism, situated at: www.morningstar.co.uk/uk/NSM

These poll results will be available shortly on the Company's website at www.stockspirits.com

Further Enquiries:

Stock Spirits Group:

 
 Paul Bal, Chief Financial Officer                           [phone] 
  Sally Kenward, Company Secretary                           [phone] 
  Powerscourt:                                               [phone] 
   Rob Greening                                [e-mail] 
   Lisa Kavanagh 
  Investors can also address any query to [e-mail]. 
 
 

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February 06, 2020 06:29 ET (11:29 GMT)