REG - Vp PLC - Results of Annual General Meeting

VPAnnouncement

25/07/2024 15:15

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RNS Number : 8984X  Vp PLC  25 July 2024

 

Company Number:
00481833
 
 
25 July 2024

 

 

Vp plc

 

Results of Annual General Meeting

 

 

Vp plc (the "Company") announces that at its Annual General Meeting ("AGM")
held today, all resolutions set out in the notice of the AGM were passed by
the requisite majority of votes by shareholders by way of a poll.

 

The full text of the resolutions proposed at the AGM is included in the
Company's Notice of AGM published on 25 June 2024, which is available on the
Investors section of the Company's website at https://www.vpplc.com/investors/
(https://www.vpplc.com/investors/) .

 

The results of the poll for each resolution were as follows:

 

                                                                                 VOTES FOR   %        VOTES AGAINST  %       TOTAL SHARES VOTED  % OF ISSUED SHARE CAPITAL VOTED  VOTES WITHHELD
 ORDINARY RESOLUTIONS
 1. To receive the Company's financial statements and the reports of the         32,561,824  100.00%  1,500          0.00%   32,563,324          81.10%                           -
 Directors together with the Auditor's Report for the year ended 31 March 2024
 2. To declare a final dividend of 27.5 pence per ordinary share                 32,563,324  100.00%  -              0.00%   32,563,324          81.10%                           -
 3. To re-elect Jeremy Pilkington as a Director                                  30,830,950  94.68%   1,732,124      5.32%   32,563,074          81.09%                           250
 4. To re-elect Anna Bielby as a Director                                        32,238,812  99.00%   324,012        1.00%   32,562,824          81.09%                           500
 5. To re-elect Phil White as a Director                                         28,085,124  86.25%   4,477,700      13.75%  32,562,824          81.09%                           500
 6. To re-elect Mark Bottomley as a Director                                     32,484,699  99.76%   78,125         0.24%   32,562,824          81.09%                           500
 7. To re-elect Stuart Watson as a Director                                      32,162,564  99.76%   78,125         0.24%   32,240,689          80.29%                           322,635
 8. To elect Keith Winstanley as a Director                                      32,561,074  99.99%   2,000          0.01%   32,563,074          81.09%                           250
 9. To re-appoint PricewaterhouseCoopers LLP as auditor of the Company           32,514,075  99.85%   48,749         0.15%   32,562,824          81.09%                           500
 10. To authorise the directors to determine the auditor's remuneration          32,561,224  100.00%  1,600          0.00%   32,562,824          81.09%                           500
 11. To approve the Directors' Remuneration Report                               32,537,682  99.93%   21,765         0.07%   32,559,447          81.09%                           3,877
 SPECIAL RESOLUTIONS
 12. To authorise the Company to purchase its own shares                         32,338,726  99.32%   222,443        0.68%   32,561,169          81.09%                           2,155
 13. To approve the calling of a general meeting other than an annual general    32,503,035  99.82%   59,789         0.18%   32,562,824          81.09%                           500
 meeting on not less than 14 clear days' notice
 14. To adopt new Articles of Association                                        32,560,447  99.99%   1,877          0.01%   32,562,324          81.09%                           900
 ADDITIONAL ORDINARY RESOLUTION
 15. To authorise the Company to use electronic communications                   32,550,244  99.99%   3,912          0.01%   32,554,156          81.07%                           9,168

Ackers P Investment Company Limited (a company of which Jeremy Pilkington is a
director of) is regarded as a controlling shareholder of the Company for the
purposes of the Listing Rules, and each resolution to re-elect independent
non-executive directors (resolutions 5, 6 and 7) 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
shareholder.

Votes cast by shareholders excluding the controlling shareholder are shown
below:

 RESOLUTION                                   VOTES FOR   %       VOTES AGAINST  %       TOTAL SHARES VOTED  % OF ISSUED SHARE CAPITAL VOTED  VOTES WITHHELD
 5. To re-elect Phil White as a Director      7,903,713   63.84%  4,477,700      36.16%  12,381,413          30.83%                           500

 6. To re-elect Mark Bottomley as a Director  12,303,288  99.37%  78,125         0.63%   12,381,413          30.83%                           500

 7. To re-elect Stuart Watson as a Director   11,981,153  99.35%  78,125         0.65%   12,059,278          30.03%                           322,635

 

Notes:

1.         All resolutions were passed.

 

2.         Any proxy appointments giving discretion to the Chairman of
the AGM have been included in the "For" total.

 

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 percentage of shares voted  "For" or "Against" any
resolution nor in the calculation of the "% of issued share capital voted" for
any resolution.

 

5.         The Company's total of ordinary shares in issue (total
voting rights) on 24 June 2024, being the time at which a person had to be
registered in the Company's register of members in order to vote at the AGM,
was 40,154,253 ordinary shares of 5 pence each. Ordinary shareholders are
entitled to one vote per ordinary share held.

 

6.         The total number of ordinary shares held by shareholders
excluding the controlling shareholder on 24 June 2024 was 19,972,842.

 

7.         In accordance with paragraph 9.6.2 of the Listing Rules, a
copy of the resolutions 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.
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism.)

 

8.         A copy of this announcement will be available on the
Company's website at https://www.vpplc.com/investors/
(https://www.vpplc.com/investors/) .

Sarah (Sally) Jones, Company Secretary

Vp plc

25 July 2024

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