Volution Group plc Result of AGM (2901K)

TIDMFAN

RNS Number : 2901K

Volution Group plc

12 December 2018

Wednesday 12 December 2018

Volution Group plc

Results of Annual General Meeting

Volution Group plc (the "Company", LSE: FAN) a leading supplier of ventilation products to the residential and commercial construction markets, announces that all resolutions put to the Annual General Meeting held at 12:00 noon on 12 December 2018 at Norton Rose Fulbright LLP, 3 More London Riverside, London SE1 2AQ, were duly passed on a poll. The results of the poll, incorporating the proxy votes lodged in advance of the meeting, are set out below.

 
 Resolution                          FOR (1)                 AGAINST               WITHHELD    % OF TOTAL 
                                                                                    (2)         VOTES IN 
                                                                                                FAVOUR 
                                     Number        % of      Number       % of     Number 
                                      of votes      votes     of votes     votes    of votes 
                                                    cast                   cast 
                                    ------------  --------  -----------  -------  ---------- 
        Annual Report and 
 01      Accounts                    174,320,766   100.00%   0            0.00%    0           100.00% 
       ---------------------------  ------------  --------  -----------  -------  ----------  ----------- 
        Directors' Remuneration 
 02      Report                      165,154,273   94.74%    9,166,492    5.26%    0           94.74% 
       ---------------------------  ------------  --------  -----------  -------  ----------  ----------- 
 03     Final Dividend               174,320,766   100.00%   0            0.00%    0           100.00% 
       ---------------------------  ------------  --------  -----------  -------  ----------  ----------- 
        Re-elect Peter Hill, 
 04      CBE                         173,012,792   99.25%    1,306,977    0.75%    997         99.25% 
       ---------------------------  ------------  --------  -----------  -------  ----------  ----------- 
 05     Re-elect Ian Dew             174,319,769   100.00%   0            0.00%    997         100.00% 
       ---------------------------  ------------  --------  -----------  -------  ----------  ----------- 
 06     Re-elect Ronnie George       174,319,769   100.00%   0            0.00%    997         100.00% 
       ---------------------------  ------------  --------  -----------  -------  ----------  ----------- 
 07     Re-elect Paul Hollingworth   174,197,501   99.93%    122,268      0.07%    997         99.93% 
       ---------------------------  ------------  --------  -----------  -------  ----------  ----------- 
        Re-elect Tony Reading, 
 08      MBE                         174,197,501   99.93%    122,268      0.07%    997         99.93% 
       ---------------------------  ------------  --------  -----------  -------  ----------  ----------- 
 09     Re-elect Claire Tiney        174,197,501   99.93%    122,268      0.07%    997         99.93% 
       ---------------------------  ------------  --------  -----------  -------  ----------  ----------- 
 10     Elect Amanda Mellor          174,319,769   100.00%   0            0.00%    997         100.00% 
       ---------------------------  ------------  --------  -----------  -------  ----------  ----------- 
 11     Re-appoint auditor           165,175,208   100.00%   997          0.00%    9,144,561   100.00% 
       ---------------------------  ------------  --------  -----------  -------  ----------  ----------- 
 12     Remuneration of auditor      174,319,769   100.00%   0            0.00%    997         100.00% 
       ---------------------------  ------------  --------  -----------  -------  ----------  ----------- 
        Authority to incur 
 13      political donations         166,538,274   95.54%    7,779,492    4.46%    3,000       95.54% 
       ---------------------------  ------------  --------  -----------  -------  ----------  ----------- 
        Authority to allot 
 14      shares                      160,483,526   92.06%    13,837,240   7.94%    0           92.06% 
       ---------------------------  ------------  --------  -----------  -------  ----------  ----------- 
 15     Authority to disapply 
  (3)    pre-emption rights          169,547,416   97.26%    4,772,353    2.74%    997         97.26% 
       ---------------------------  ------------  --------  -----------  -------  ----------  ----------- 
 16     Authority to purchase 
  (3)    ordinary shares             164,754,866   94.73%    9,165,495    5.27%    400,405     94.73% 
       ---------------------------  ------------  --------  -----------  -------  ----------  ----------- 
        Authority to call 
         a general meeting 
 17      on 14 clear days' 
  (3)    notice                      169,087,832   97.00%    5,232,934    3.00%    0           97.00% 
       ---------------------------  ------------  --------  -----------  -------  ----------  ----------- 
 

Notes:

1. Any proxy appointments giving discretion to the Chairman of the Meeting have been included in the "For" totals above.

2. A vote "Withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.

   3.   Indicates Special Resolutions requiring a 75% majority to be passed. 

4. The Company's total ordinary shares in issue as at 12 December 2018, was 200,000,000 ordinary shares of 1 pence each, of which 1,759,884 ordinary shares are held as Treasury Shares. Therefore the total voting rights are 198,240,116 ordinary shares (ordinary shareholders are entitled to one vote per ordinary share held).

5. The proxy votes received, including votes withheld, amount to 87.93% of the total voting rights.

In accordance with UK Listing Rule 9.6.2 copies of all the resolutions passed other than resolutions concerning ordinary business have been submitted to the UK Listing Authority via the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM

The Notice of Annual General Meeting 2018 together with the Annual Report and Accounts 2018 can be found on the Company's website at:

http://www.volutiongroupplc.com/investors/reports-results-and-presentations

- ends -

Enquiries:

Volution Group plc

   Michael Anscombe, Company Secretary                               [phone] 

Legal Entity Identifier: 213800EPT84EQCDHO768

Notes to Editors:

Volution Group plc (LSE: FAN) is a leading supplier of ventilation products to the residential and commercial construction markets in the UK, the Nordics, Central Europe and Australasia.

The Volution Group operates through two divisions: the Ventilation Group and the OEM (Torin-Sifan) division. The Ventilation Group comprises 15 key brands - Vent-Axia, Manrose, Diffusion, National Ventilation, Airtech, Breathing Buildings, Fresh, PAX, VoltAir, Welair, Kair, Air Connection, inVENTer, Ventilair and Simx, focused primarily on the UK, the Nordic, Central European and Australasian ventilation markets. The Ventilation Group principally supplies ventilation products for residential and commercial ventilation applications. The OEM (Torin-Sifan) division supplies motors, fans and blowers to OEMs of heating and ventilation products for both residential and commercial construction applications in Europe.

For more information, please go to: www.volutiongroupplc.com

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.

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December 12, 2018 09:17 ET (14:17 GMT)