REG - Luceco PLC - Result of AGM

LucecoAnnouncement

14/05/2024 14:30

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RNS Number : 4047O  Luceco PLC  14 May 2024

Luceco plc

(the "Company")

 

14 May 2024

 

Annual General Meeting ("AGM") Results

 

The Company announces that at its Annual General Meeting held on 14 May 2024
at the offices of Numis at 45 Gresham St, London EC2V 7BF each of the
resolutions set out in the Notice of Annual General Meeting were voted by way
of a poll. The results of the poll for each resolution were as follows:

 

 No.  Resolution                                                                     For                   Against                  Votes Withheld    Total issued share capital voted

      Number of shares                                                                            %        Number of shares  %      Number of shares  %
 1    To receive the Annual Report and Accounts                                      116,219,569  100.00%  3,859             0.00%  428,264           72.28%
 2    To declare a final dividend of 3.2 pence per ordinary share                    116,649,238  100.00%  0                 0.00%  2,454             72.54%
 3    To approve the Directors' Remuneration Report                                  116,155,961  99.63%   435,119           0.37%  60,612            72.51%
 4    To re-elect Giles Brand                                                        111,788,868  95.83%   4,858,869         4.17%  3,954             72.54%

as a Director
 5    To re-elect Caroline Brown as a Director                                       116,165,723  99.64%   421,057           0.36%  64,912            72.50%
 6    To re-elect John Hornby                                                        116,522,160  99.93%   77,760            0.07%  51,772            72.51%

as a Director
 7    To re-elect Will Hoy                                                           116,501,083  99.92%   90,497            0.08%  60,112            72.51%

as a Director
 8    To re-elect Tim Surridge                                                       116,513,820  99.93%   77,760            0.07%  60,112            72.51%

as a Director
 9    To re-elect Pim Vervaat                                                        116,134,063  99.61%   457,517           0.39%  60,112            72.51%

as a Director
 10   To re-elect Julia Hendrickson                                                  116,582,561  99.99%   9,019             0.01%  60,112            72.51%

as a Director
 11   To re-appoint KPMG LLP                                                         116,160,425  99.63%   429,695           0.37%  61,572            72.51%

as Auditor of the Company
 12   To authorise the Audit Committee to determine the Auditor's remuneration       116,591,901  100.00%  4,219             0.00%  55,572            72.51%
 13   To make political donations and incur political expenditure                    115,270,256  99.22%   903,994           0.78%  477,442           72.25%
 14   Authority to allot shares                                                      116,505,705  99.92%   95,355            0.08%  50,632            72.51%
 15*  Authority to disapply pre-emption rights                                       116,084,836  99.56%   516,584           0.44%  50,272            72.51%
 16*  Authority to disapply pre-emption rights in limited circumstances              116,040,592  99.52%   560,828           0.48%  50,272            72.51%
 17*  Authority for the Company to purchase its own shares                           116,216,624  99.63%   432,614           0.37%  2,454             72.54%
 18*  Authority to call general meetings (other than AGMs) on 14 clear days' notice  115,180,518  98.75%   1,462,719         1.25%  8,454             72.54%
 * special resolution

 

 

 Independent Issued Share Capital: 86,608,203
 No.  Resolution                                   For                 Against                  Votes Withheld    Total issued share capital instructed

      Number of shares                                         %       Number of shares  %      Number of shares  %
 5*   To re-elect Caroline Brown as a Director     47,634,544  99.12%  421,057           0.88%  64,912            29.89%
 8*   To re-elect Tim Surridge                     47,982,641  99.84%  77,760            0.16%  60,112            29.89%

as a Director
 9*   To re-elect Pim Vervaat                      47,602,884  99.05%  457,517           0.95%  60,112            29.89%

as a Director
 10*  To re-elect Julia Hendrickson as a Director  48,051,382  99.98%  9,019             0.02%  60,112            29.89%
 *independent resolution

 

For the purposes of the FCA Listing Rules, the concert parties known as the:

1.   "Hornby Group", comprising John Hornby, the Company's Chief Executive
Officer, certain members of his family and an investment vehicle associated
with John Hornby and his family, which has an aggregate interest in the
Company's shares carrying voting rights of approximately 18.13%; and

 

2.   "Epic Group", comprising ESO Investments 2 Limited and Giles Brand,
which has an aggregate interest in the Company's shares carrying voting rights
of approximately 28%,

 

("Controlling Shareholders")

 

(for further details see the announcement released on 22 January 2024), are
controlling (non-independent shareholders) of the Company as a result of
holding 29,160,618 and 45,031,179 shares respectively in the Company.

 

Each resolution to re-elect independent non-executive directors (resolutions
5, 8, 9 and 10) have under Listing Rule 9.2.2E been approved by a majority of
the votes cast by: (i) the shareholders of the Company as a whole; and (ii)
the independent shareholders of the Company, that is, all the shareholders
entitled to vote on each resolution excluding the Controlling Shareholders.

 NOTES:
 1.                    All Resolutions were passed.
 2.                    Proxy appointments which gave discretion to the Chairman of the AGM have been
                       included in the "For" total for the appropriate resolution.
 3.                    Votes "For" and "Against" any resolution are expressed as a percentage of
                       votes validly cast for that resolution.
 4.                    A "Vote withheld" is not a vote in law and is not counted in the calculation
                       of the percentage of shares voted "For" or "Against" any resolution nor in the
                       calculation of the proportion of "Total issued share capital instructed" for
                       any resolution.
 5.                    The number of shares in issue at close of business on 14 May 2024 was
                       160,800,000 (the "Share Capital") and at that time, the Company did not hold
                       any shares in treasury.
 6.                    The proportion of "Total issued share capital instructed" for any resolution
                       is the total of votes validly cast for that resolution (i.e. the total votes
                       "For" and "Against" that resolution) expressed as a percentage of the Share
                       Capital.
 7.                    The full text of the resolutions passed at the AGM can be found in the Notice
                       of Annual General Meeting which is available on the Company's website at
                       www.lucecoplc.com
 8.                    A copy of resolutions 15-18 passed at the AGM will shortly be submitted to the
                       National Storage Mechanism and will be available for inspection at
                       https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
 9.                    These poll results will be available shortly on the Company's website at
                       www.lucecoplc.co (http://www.lucecoplc.co) m
 For further information please contact:
 Luceco plc                                                      via the Company Secretary, Link Company Matters

 Will Hoy, Chief Financial Officer                               033 3300 1950

 Link Company Matters                                            033 3300 1950

 Michael Conway

 Paris Condon

 

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