Van Elle Holdings PLC Results of General Meeting (5639Z)

TIDMVANL

RNS Number : 5639Z

Van Elle Holdings PLC

15 December 2017

15 December 2017

Van Elle Holdings plc

("Van Elle" or the "Company")

Results of General Meeting

Further to the announcement dated 22 November 2017 in connection with the posting of a circular to Van Elle shareholders ("Shareholders") containing a notice convening a general meeting of Shareholders ("General Meeting") to consider resolutions proposed by Michael Ellis (the "Ellis Resolutions"), Van Elle is pleased to announce that, at the General Meeting held at 12pm today, all the Ellis Resolutions were defeated by Shareholders.

Excluding the votes attributed to the shareholding of approximately 20% held by Mr Ellis and his family, more than 98% of the remaining votes ("Independent Votes") submitted were against the Ellis Resolutions.

All resolutions proposed at the General Meeting 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 
--------------------------  -----------  ------  -----------  --------  -----------  ------------ 
     That Michael 
      Ellis be 
      and is hereby 
      appointed 
      as a director 
      of the Company 
      with immediate 
 1    effect.                16,898,827   24.33   52,544,947     75.67   69,443,774             0 
    ----------------------  -----------  ------  -----------  --------  -----------  ------------ 
     That Thomas 
      Lindup be 
      and is hereby 
      appointed 
      as a director 
      of the Company 
      with immediate 
 2    effect.                16,166,801   23.53   52,534,947     76.47   69,443,774       742,026 
    ----------------------  -----------  ------  -----------  --------  -----------  ------------ 
     That Jon 
      Fenton be 
      and is hereby 
      removed as 
      a director 
      of the Company 
      with immediate 
 3    effect.                16,168,301   23.53   52,533,447     76.47   69,443,774       742,026 
    ----------------------  -----------  ------  -----------  --------  -----------  ------------ 
     That Robin 
      Williams 
      be and is 
      hereby removed 
      as a director 
      of the Company 
      with immediate 
 4    effect.                16,901,620   24.34   52,532,154     75.66   69,443,774        10,000 
    ----------------------  -----------  ------  -----------  --------  -----------  ------------ 
     That any 
      person appointed 
      as a director 
      of the Company 
      since the 
      date of the 
      requisition 
      of the requisitioned 
      General Meeting 
      (being 10 
      November 
      2017), and 
      who is not 
      one of the 
      persons referred 
      to in the 
      resolutions 
      numbered 
      1 to 4 (inclusive) 
      above, be 
      and is hereby 
      removed as 
      a director 
 5    of the Company.        16,897,827   24.34   52,523,140     75.66   69,443,774        22,807 
    ----------------------  -----------  ------  -----------  --------  -----------  ------------ 
 

Adrian Barden, Chairman of Van Elle, commented:

"The requisition has been an unnecessary and disruptive distraction. We are pleased that all of the resolutions have been comprehensively rejected by Shareholders.

"We can now get back to managing the business and delivering our long-term growth strategy for the benefit of all stakeholders."

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 General Meeting is available on the Company's website: www.van-elle.co.uk 

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

ROMBLBDDGUBBGRU

(END) Dow Jones Newswires

December 15, 2017 11:54 ET (16:54 GMT)