Topps Tiles PLC Result of AGM (3668M)

TIDMTPT

RNS Number : 3668M

Topps Tiles PLC

20 January 2021

20 January 2021

Topps Tiles Plc

Result of AGM

Topps Tiles Plc (the "Company"), the UK's leading tile specialist, announces that at its Annual General Meeting (the "AGM") held earlier today, all of the resolutions proposed were duly passed by the requisite majority on a poll, except for resolutions 11 to 13 (inclusive). The full text of each resolution is contained in the 2021 Notice of AGM which is available on the Company's website http://www.toppstilesplc.com/

The following table shows the total number of votes cast for each resolution:

 
 Resolution   Total votes     %      Against       %     Withheld 
                  for 
     1        152,159,255   99.99     16,824     0.01     7,141 
             ------------  ------  -----------  ------  --------- 
     2        149,428,977   98.20   2,739,212    1.80     15,031 
             ------------  ------  -----------  ------  --------- 
     3        150,078,792   98.63   2,088,423    1.37     16,005 
             ------------  ------  -----------  ------  --------- 
     4        152,159,932   99.99     7,283      0.01     16,005 
             ------------  ------  -----------  ------  --------- 
     5        149,292,243   98.11   2,869,331    1.89     21,646 
             ------------  ------  -----------  ------  --------- 
     6        149,424,584   98.20   2,735,490    1.80     23,146 
             ------------  ------  -----------  ------  --------- 
     7        152,153,517   99.99     8,057      0.01     21,646 
             ------------  ------  -----------  ------  --------- 
     8        152,130,389   99.97     45,690     0.03     7,141 
             ------------  ------  -----------  ------  --------- 
     9        152,168,153   99.99     6,426      0.01     8,641 
             ------------  ------  -----------  ------  --------- 
     10       112,994,574   74.25   39,179,846   25.75    8,800 
             ------------  ------  -----------  ------  --------- 
     11       113,132,993   74.35   39,039,927   25.65    10,300 
             ------------  ------  -----------  ------  --------- 
     12       113,132,993   74.34   39,041,427   25.66    8,800 
             ------------  ------  -----------  ------  --------- 
     13       113,158,119   74.36   39,025,101   25.64      0 
             ------------  ------  -----------  ------  --------- 
     14       151,872,659   99.80    310,417     0.20      144 
             ------------  ------  -----------  ------  --------- 
 

Notes

 
            1.              Any proxy appointments which gave discretion to the Chairman have 
                             been included in the "Total votes for" total. 
            2.              A "Vote Withheld" is not a valid vote in English law and was 
                             not counted in the calculation of the proportion of the votes 
                             "For" or "Against" a resolution. DN 2. 
 3.                         As at the date of the AGM the issued share capital of the Company 
                             was 196,443,323 ordinary shares of 3.33 pence each. 
 

The Board would like to thank shareholders for their engagement and support ahead of the AGM and throughout the year. While most of the resolutions were passed, with majorities in excess of 98%, the Board notes that:

 
 --   resolution 10 (Directors' Authority to Allot Shares), which was 
       an ordinary resolution, passed with a majority of less than 80% 
       (receiving votes in favour of 74.25 %); and 
 
 --   resolutions 11 (Disapplication of Pre-emption Rights - General) 
       and 12 ((Disapplication of Pre-emption Rights - Specific) and 13 
       (Authority to Make Market Purchases of Shares), which were special 
       resolutions requiring a 75% majority, did not receive sufficient 
       support to be passed (receiving votes in favour of 74.35%, 74.34 
       % and 74.36% respectively). 
 

In accordance with provision 4 of the UK Corporate Governance Code (the "Code"), the Board confirms that it will consult and engage with the relevant shareholders to understand and discuss their concerns with respect to these resolutions. An update will be provided within six months of the AGM, in accordance with the Code.

These results will shortly be available on the Company's website at http://www.toppstilesplc.com/ and, in accordance with Listing Rule 9.6.2, copies of the resolutions that were passed at the meeting and that do not constitute ordinary business at an annual general meeting will be submitted to the National Storage Mechanism and will shortly be available for inspection at www.data.fca.org.uk

Enquiries:

 
Topps Tiles Plc 
Alistair Hodder, Company Secretary   0116 282 8000 
 
 
Citigate Dewe Rogerson 
Kevin Smith / Nick Hayns             020 7638 9571 
 

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

RAGFLFFRLLIIFIL

(END) Dow Jones Newswires

January 20, 2021 11:21 ET (16:21 GMT)