REG - Maintel Holdings PLC - Result of AGM

Maintel HoldingsAnnouncement

19/06/2024 14:30

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RNS Number : 1001T  Maintel Holdings PLC  19 June 2024

 

  19 June 2024

Maintel Holdings Plc

(the "Company" or "Maintel")

Results of Annual General Meeting

Results of Annual General Meeting

The Annual General Meeting of Maintel Holdings Plc was held at 25 Charterhouse
Square, London, EC1M 6AE on 19 June 2024 at 10:30am.

All 11 resolutions were put to members via a poll. Resolutions 1 to 8 were
passed as ordinary resolutions and Resolution 11 was passed as a special
resolution. Resolutions 9 and 10 did not pass as special resolutions.

The number of votes cast for and against each of the resolutions proposed, and
the number of votes withheld were as follows:

  Resolution                                                                      Votes for   %       Votes against  %      Votes withheld
 Resolution 1 (Ordinary)                                                          10,344,428  100.00  0              0.00   0

 To receive the financial statements of the Company for the year ended 31
 December 2023, together with the strategic report, the report of the directors
 and the independent auditor's report thereon.
 Resolution 2 (Ordinary)                                                          7,958,654   83.42   1,581,474      16.58  804,300

 To approve the report of the remuneration committee (other than the section
 containing the directors' remuneration policy) for the year ended 31 December
 2023.
 Resolution 3 (Ordinary)                                                          10,342,278  99.98   2,150          0.02   0

 To re-appoint Clare Bates as a director of the Company.
 Resolution 4 (Ordinary)                                                          10,342,278  99.98   2,150          0.02   0

 To re-appoint Daniel Davies as a director of the Company.
 Resolution 5 (Ordinary)                                                          10,342,195  99.98   2,233          0.02   0

 To re-appoint Gabriel Pirona as a director of the Company
 Resolution 6 (Ordinary)                                                          10,335,628  99.91   8,800          0.09   0

 To re-appoint RSM UK Audit LLP as auditor of the Company to hold office from
 the conclusion of the meeting to the conclusion of the next meeting at which
 accounts are laid before the Company.
 Resolution 7 (Ordinary)                                                          10,344,428  100.00  0              0.00   0

 To authorise the Board to determine the remuneration of the auditor.
 Resolution 8 (Ordinary)                                                          7,694,428   74.38   2,650,000      25.62  0

 To authorise the directors to allot relevant securities pursuant to section
 551 of the Companies Act 2006, as set out in the Notice of Meeting.
 Resolution 9 (Special)                                                           7,615,889   73.62   2,728,539      26.38  0

 To authorise the limited disapplication of pre-emption rights pursuant to
 section 570 of the Companies Act 2006, as set out in the Notice of Meeting.
 Resolution 10 (Special)                                                          7,615,889   73.62   2,728,539      26.38  0

 To authorise the additional limited disapplication of pre-emption rights
 pursuant to section 570 of the Companies Act 2006, as set out in the Notice of
 Meeting.
 Resolution 11 (Special)                                                          10,335,628  99.91   8,800          0.09   0

 To authorise the purchase by the Company of its own shares.

 

As at 19 June 2024, there were 14,361,492 ordinary shares in issue.
Shareholders are entitled to one vote per share. Votes withheld are not votes
in law and so have not been included in the calculation of the proportion of
votes for and against a resolution.

The full text of each resolution is available in the Notice of Annual General
Meeting, published on our website.

Resolutions 8, 9 and 10

While the Board is pleased that Resolution 8 was carried, the Board notes that
there were a significant number of votes against it and will seek to
understand the reasons therefore through consultation with shareholders. The
Board further notes that Resolutions 9 and 10, being special resolutions, did
not gain the requisite support to be carried despite seeking authorities
significantly below the levels approved by the Pre-Emption Group. The Board
will seek to understand the concerns of shareholders voting against those
resolutions.

 

For further information please contact:

 

 Maintel Holdings PLC                                      Tel: 0344 871 1122
 Dan Davies, Interim Chief Executive Officer

 Gab Pirona, Chief Financial Officer

 Cavendish (Nomad and Broker)                              Tel: 020 7220 0500
 Jonny Franklin-Adams / Hamish Waller (Corporate Finance)

 Sunila de Silva (Corporate Broking)

 Hudson Sandler (Financial PR)                             Tel: 020 7796 4133
 Wendy Baker / Nick Moore / Eloise Fleet                   m (mailto:maintel@hudsonsandler.com) aintel@hudsonsandler.com
                                                           (mailto:maintel@hudsonsandler.com)

 

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