Van Elle Holdings PLC Result of AGM (5407Q)

TIDMVANL

RNS Number : 5407Q

Van Elle Holdings PLC

12 September 2017

12 September 2017

Van Elle Holdings plc

("Van Elle" or the "Company")

Results of Annual General Meeting

Van Elle's 2017 Annual General Meeting ("AGM") was held at Eversheds Sutherland (International) LLP, One Wood Street, London, EC2V 7WS at 10am today. All resolutions proposed at the AGM were voted by way of a poll. The results of the poll for each resolution were as follows:

 
 Resolution                     For          For       Against      Against   Total        Withheld 
                                 (votes)      %(2)      (votes)      (%)(2)    votes        (votes)(1) 
                                                                               validly 
                                                                               cast 
-----------------------------  -----------  --------  -----------  --------  -----------  ------------ 
      To receive 
       the accounts 
       of the Company 
       for the year 
       ended 30 
 1     April 2017.              59,115,007   100.00%            0     0.00%   59,115,007             0 
---  ------------------------  -----------  --------  -----------  --------  -----------  ------------ 
      To re-appoint 
       BDO LLP as 
 2     auditor                  58,365,007   100.00%            0     0.00%   58,365,007       750,000 
---  ------------------------  -----------  --------  -----------  --------  -----------  ------------ 
      To authorise 
       the Directors 
       to determine 
       the remuneration 
 3     of the auditor           59,115,007   100.00%            0     0.00%   59,115,007             0 
---  ------------------------  -----------  --------  -----------  --------  -----------  ------------ 
      To approve 
       the Directors' 
       remuneration 
       report in 
       the form 
       set out in 
       the annual 
       report of 
       the Company 
       for the year 
       ended 30 
 4     April 2017               58,255,821   100.00%        1,500     0.00%   58,257,321       857,686 
---  ------------------------  -----------  --------  -----------  --------  -----------  ------------ 
      To declare 
       a final dividend 
       of 1.75p 
       per ordinary 
 5     share                    59,115,007   100.00%            0     0.00%   59,115,007             0 
---  ------------------------  -----------  --------  -----------  --------  -----------  ------------ 
      To re-elect 
       Adrian Barden 
 6     as a Director            43,037,055   100.00%            0     0.00%   43,037,055    16,077,952 
---  ------------------------  -----------  --------  -----------  --------  -----------  ------------ 
      To re-elect 
       Robin Williams 
 7     as a Director            43,037,055   100.00%            0     0.00%   43,037,055    16,077,952 
---  ------------------------  -----------  --------  -----------  --------  -----------  ------------ 
      To re-elect 
       Jon Fenton 
 8     as a Director            43,037,055    72.80%   16,077,952    27.20%   59,115,007             0 
---  ------------------------  -----------  --------  -----------  --------  -----------  ------------ 
      To re-elect 
       Paul Pearson 
 9     as a Director            59,115,007   100.00%            0     0.00%   59,115,007             0 
---  ------------------------  -----------  --------  -----------  --------  -----------  ------------ 
      To authorise 
       the Directors 
       to allot 
       shares and 
       to grant 
       rights to 
       subscribe 
       for or to 
       convert any 
       security 
       into shares 
       pursuant 
       to Section 
       551 of the 
       Companies 
       Act 2006 
       and to allot 
       equity securities 
       by way of 
       a rights 
 10    issue                    35,124,510    59.42%   23,990,497    40.58%   59,115,007             0 
---  ------------------------  -----------  --------  -----------  --------  -----------  ------------ 
      To authorise 
       the Directors 
       to allot 
       equity securities 
       pursuant 
       to Section 
       570 of the 
       Companies 
       Act 2006 
       in connection 
       with a rights 
       issue and 
 11    general disapplication   34,292,510    58.01%   24,822,497    41.99%   59,115,007             0 
---  ------------------------  -----------  --------  -----------  --------  -----------  ------------ 
      To authorise 
       the Directors 
       to allot 
       equity securities 
       pursuant 
       to Section 
       570 of the 
       Companies 
       Act 2006 
       in connection 
       with an acquisition 
       or other 
 12    capital investment       34,374,510    58.15%   24,740,497    41.85%   59,115,007             0 
---  ------------------------  -----------  --------  -----------  --------  -----------  ------------ 
 

Notes:

1. A "Vote withheld" is not a vote in law and is not counted in the proportion of votes "For" or "Against" any resolution, or "Total votes validly cast".

2. Percentages are expressed as a percentage of total votes validly cast (and does not include votes withheld).

   3.   The Notice of Annual General Meeting is available on the Company's website: www.van-elle.co.uk 

Ordinary resolutions 1-10 were all duly passed. Resolutions 11 and 12, which were proposed as special resolutions requiring a 75% vote in favour of votes cast, were not passed. These resolutions relate to the Company's ability to issue new shares in certain circumstances, for example to fund acquisitions or other material capital investments. Whilst the Board is disappointed that these resolutions have not been passed, it will actively engage with the dissenting shareholders so as to determine at what point they should be re-presented for approval.

Enquiries:

 
 Van Elle Holdings plc                  017 7358 0580 
 Jon Fenton, Chief Executive Officer 
 Paul Pearson, Chief Financial 
  Officer 
 
 Instinctif Partners (Financial 
  Public Relations)                     020 7457 2020 
 Mark Garraway 
 James Gray 
 Rosie Driscoll 
 
 Peel Hunt LLP (Nominated Adviser 
  and corporate broker)                 020 7418 8900 
 Charles Batten 
 Mike Bell 
 Justin Jones 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

RAGSFFFLEFWSEFU

(END) Dow Jones Newswires

September 12, 2017 10:12 ET (14:12 GMT)