REG - Macfarlane Group PLC - Results of Annual General Meeting

MacfarlaneAnnouncement

07/05/2024 16:30

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RNS Number : 4817N  Macfarlane Group PLC  07 May 2024

 

7 May 2024

Macfarlane Group PLC

("Macfarlane", the "Company", or the "Group")

Results of Annual General Meeting

Macfarlane Group PLC confirms that shareholders passed all resolutions
proposed at the Annual General Meeting held today.  The resolutions were as
set out in the Notice of Meeting, as filed with the National Storage Mechanism
at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://url.avanan.click/v2/___https:/data.fca.org.uk/___.YXAxZTpzaG9yZWNhcDphOm86NDAzN2FjMWRjYmFjODdlZWM5NjU1NGRmNjA5NTFhZWE6NjpjZWNlOjI0MzQ5YTM0NDNjNWE3NDMzOWU0MTU2ODY2ODNkZjNmMzEzOTc4OWM2YzY5ODA1NTRkZTk1NWQzNjk2MGY3NzY6cDpU#/nsm/nationalstoragemechanism)
and are also available on the company's website, www.macfarlanegroup.com
(https://url.avanan.click/v2/___http:/www.macfarlanegroup.com___.YXAxZTpzaG9yZWNhcDphOm86NDAzN2FjMWRjYmFjODdlZWM5NjU1NGRmNjA5NTFhZWE6Njo4ZDQ3Ojc4NjE0ZjEyMzJiYWU2ZDI3YTgyMjRhZDY4ZjNlNDMxYjYxNjk4MDg1OTY0NjY5NDYyYTQ3OGM3M2IyNDViZTI6cDpU)
.

Total number of shares in issue 159,600,000.  Proxy appointments were
received from shareholders of 94,623,113 shares (including votes withheld)
amounting to 59.29% of the issued share capital.

All resolutions were passed on a poll with resolutions 1 to 11 passed as
ordinary resolutions and resolutions 12 to 14 passed as special resolutions.

The following level of proxy appointments were lodged prior to the meeting:

                                                                               In Favour Votes           Against             Withheld

 Resolution and description                                                                              Votes               Votes
                                                                               No.              %        No.         %       No.

 1.   Adoption of the accounts                                                 94,590,207       100.00%  0           0.00%   32,906
 2.   Approval of the Remuneration Report                                      83,985,172       88.80%   10,589,145  11.20%  48,796
 3.   Approval of Final Dividend                                               94,598,708       100.00%  1,861       0.00%   22,544
 4.   Re-elect Aleen Gulvanessian                                              94,494,904       99.96%   35,872      0.04%   92,337
 5.   Re-elect Peter D. Atkinson                                               94,517,418       99.91%   81,289      0.09%   24,406
 6.   Re-elect Ivor Gray                                                       94,483,562       99.92%   80,145      0.08%   59,406
 7.   Re-elect James W.F. Baird                                                94,552,366       99.97%   23,725      0.03%   47,022
 8.   Re-elect Laura Whyte                                                     94,540,793       99.98%   21,235      0.02%   61,085
 9.   Re-appoint Deloitte LLP as auditors                                      94,505,882       99.90%   92,825      0.10%   24,406
 10.  Authorise the Directors to determine Auditor's remuneration              94,538,009       99.93%   61,519      0.07%   23,585
 11.  Authority to allot unissued shares under S. 551 of the Companies Act     94,384,389       99.78%   205,203     0.22%   33,521
 2006
 12.  Authority to dis-apply pre-emption rights pursuant to S. 561 of the      94,439,831       99.84%   147,561     0.16%   35,721
 Companies Act 2006 for 5% of the issued share capital
 13.  Authority to dis-apply pre-emption rights pursuant to S. 561 of the      91,342,606       96.57%   3,244,786   3.43%   35,721
 Companies Act 2006 for an additional 5% of the issued share capital
 14.  Authority to re-purchase its own shares, up to a maximum of 15,960,000   94,427,006       99.91%   82,592      0.09%   113,515
 shares (10% of shares outstanding)
 15.  Authority to amend the existing Articles of Association, to modernise    94,492,131       99.96%   36,757      0.04%   94,225
 the untraced shareholder provision

 

A vote withheld is not a vote in law and is not counted in the calculation of
the number or % of votes "For" or "Against" a resolution.

 

 

 Further enquiries:  Macfarlane Group                                                           Tel: 0141 333 9666
                     Peter Atkinson                  Chief Executive
                     Ivor Gray                             Finance
                     Director

                     Spreng Thomson
                     Callum Spreng                                                              Mob: 07803 970103

 

Legal Entity Identifier (LEI):  213800LVRYDERSJAAZ73

 

 

Notes to Editors:

·           Macfarlane Group PLC has been listed on the Premium
segment of the Main Market of the London Stock Exchange (LSE: MACF) since 1973
with over 70 years' experience in the UK packaging industry.

·           Through its two divisions, Macfarlane Group services a
broad range of business customers, supplying them with high quality protective
packaging products which help customers reduce supply chain costs, improve
operational efficiencies and sustainability and enhance their brand
presentation. The divisions are:

o   Packaging Distribution - Macfarlane Packaging Distribution is the
leading UK distributor of a comprehensive range of protective packaging
products; and

o   Manufacturing Operations - Macfarlane Design and Manufacture is a UK
market leader in the design and production of protective packaging for high
value and fragile products.

·           Headquartered in Glasgow, Scotland, Macfarlane Group
employs over 1,000 people at 40 sites, principally in the UK, as well as in
Ireland, Germany and the Netherlands.

·           Macfarlane Group supplies more than 20,000 customers,
principally in the UK and Europe.

·           In partnership with 1,700 suppliers, Macfarlane Group
distributes and manufactures 600,000+ lines supplying to a wide range of
sectors, including: retail e-commerce; consumer goods; food; logistics; mail
order; electronics; defence; medical; automotive; and aerospace.

 

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