04 Sep 2019 Result of AGM
VORDERE PLC
(“Vordere” or the “Company”)
Result of 2019 Annual General Meeting
Vordere announces that at its Annual General Meeting held today, all the resolutions put to shareholders were duly passed on a poll. The poll results showing the number of votes received for and against each resolution are shown below. The poll results represent approximately 77% of the total number of 467,255,592 Ordinary Shares in issue which carry voting rights of one vote per share.
The Company’s Issued Share Capital is 477,682,372 shares. The Company does not hold any Ordinary Shares in Treasury, other than 10,426,780 Ordinary Shares which are held in Treasury pending completion of conditions in respect of one acquisition agreement, as set out in the Prospectus.
Full details of the resolutions passed, together with explanatory notes, are set out in the Notice of Annual General Meeting 2019 which is available on the Company’s website at www.vordere.com.
| Resolution | For/Discretion | % | Against | % | Total | Vote Withheld* |
| 1. To receive and adopt the audited accounts and the report of the Directors for the year ended 31 March 2019. | 365,713,654 | 100.00 | 0 | 0.00 | 365,713,654 | 3,493,342 |
| 2. To approve the Directors’ remuneration report contained in the Company’s Annual Report and Accounts for the year ended 31 March 2019. | 356,740,860 | 96.62 | 12,466,136 | 3.38 | 369,206,996 | 0 |
| 3. To re-elect Nicholas Hofgren as a director | 281,969,987 | 76.43 | 86,942,891 | 23.57 | 368,912,878 | 294,118 |
| 4. To re-elect Graeme Johnson as a director | 281,969,987 | 76.43 | 86,942,891 | 23.57 | 368,912,878 | 294,118 |
| 5. To re-elect Nigel Fitzpatrick as a director | 357,800,344 | 96.99 | 11,112,534 | 3.01 | 368,912,878 | 294,118 |
| 6. To re-elect Stuart Cheek as a director | 281,969,987 | 76.43 | 86,942,891 | 23.57 | 368,912,878 | 294,118 |
| 7. To re-appoint Grant Thornton UK LLP as auditors of the Company | 358,094,462 | 96.99 | 11,112,534 | 3.01 | 369,206,996 | 0 |
| 8. To authorise the Audit Committee to determine the remuneration of the auditors. | 369,206,996 | 100.00 | 0 | 0.00 | 369,206,996 | 0 |
| 9. To authorise political donations by the Company and its subsidiaries. | 357,682,697 | 96.88 | 11,524,299 | 3.12 | 369,206,996 | 0 |
| 10. To authorise the Directors to allot shares in the Company | 304,890,010 | 82.58 | 64,316,986 | 17.42 | 369,206,996 | 0 |
| 11. To authorise the Directors to disapply pre-emption rights | 304,890,010 | 85.47 | 51,850,850 | 14.53 | 356,740,860 | 12,466,136 |
| 12. To authorise the Directors to disapply pre-emption rights in connection with an acquisition or specified capital investment | 304,890,010 | 82.58 | 64,316,986 | 17.42 | 369,206,996 | 0 |
| 13. To permit the calling of a general meeting on not less than 14 clear days’ notice | 356,740,860 | 96.62 | 12,466,136 | 3.38 | 369,206,996 | 0 |
| 14. To authorise the Directors to make market purchases of the Company’s own shares | 304,890,010 | 82.58 | 64,316,986 | 17.42 | 369,206,996 | 0 |
*’Vote Withheld’ is not a vote in law and is not counted in the calculation of the proportion of the votes ‘For’ and ‘Against’ a resolution.
In relation to resolutions 3, 4 and 6, the Board is pleased that the re-election of Nicholas Hofgren, Graeme Johnson and Stuart Cheek was supported by the majority of shareholders. However, we recognise that there were a number of votes opposing the resolutions. We will engage with shareholders over the coming months to understand the reasons for the number of votes against the resolutions.
In accordance with LR 9.6.2 of the UK Listing Authority, Vordere has submitted copies of the special resolutions passed at its Annual General Meeting to the National Storage Mechanism which will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM.
For further information, please visit www.vordere.com or contact the following:
| Vordere PLC | |
| Claire Jackson, Company Secretary | +44 (0) 117 918 1314 |
| Peterhouse Corporate Finance Limited | |
| Lucy Williams / Duncan Vasey | +44 (0) 20 7220 9797 |
LEI number of Vordere PLC: 213800VALWEYWTLOX423