Result of AGM

RNS Number : 1810Z

Distribution Finance Cap. Hldgs PLC

19 May 2021

 

19 May 2021

Distribution Finance Capital Holdings plc
("DFC", "DF Capital" or the "Company" or together with its subsidiaries the "DFC Group")

AGM Results

The Company today announces that the following resolutions proposed at the Annual General Meeting ("AGM") of the Company held earlier today were passed by shareholders of the Company. 

Resolutions 1, and 3 to 13 were proposed and passed as Ordinary Resolutions. 

Resolution 14 was proposed as a Special Resolution but was not passed by the requisite majority.  As announced earlier today, Resolution 2 was withdrawn prior to the AGM. 

Distribution Finance Capital Holdings plc Annual General Meeting Poll Results:

Resolution No.	Votes For	%	Votes Against	%	Votes Total	% I.S.C.	Votes Withheld
01 - to receive the reports of the Directors and the Auditors and the audited accounts for the financial year ended 31 December 2020	153,241,703	100.00%	0	0.00%	153,241,703	85.43	0
02 - to re-elect John Baines as a Director	Resolution withdrawn
03 - to re-elect Carl D'Ammassa as a Director	153,241,261	100.00%	0	0.00%	153,241,261	85.43	442
04 - to re-elect Stephen Greene as a Director	153,241,261	100.00%	0	0.00%	153,241,261	85.43	442
05 - to re-elect Thomas Grathwohl as a Director	153,241,261	100.00%	0	0.00%	153,241,261	85.43	442
06 - to re-elect Carole Machell as a Director	153,241,261	100.00%	0	0.00%	153,241,261	85.43	442
07 - to re-elect Gavin Morris as a Director	153,241,261	100.00%	0	0.00%	153,241,261	85.43	442
08 - to re-elect Haakon Stenrod as a Director	153,241,261	100.00%	0	0.00%	153,241,261	85.43	442
09 - to re-elect Mark Stephens as a Director	153,241,261	100.00%	0	0.00%	153,241,261	85.43	442
10 - to appoint Deloitte as Auditors of the Company to hold office until the next general meeting at which accounts are laid	153,241,703	100.00%	0	0.00%	153,241,703	85.43	0
11 - to authorise Directors to determine the remuneration of the Auditors	153,241,703	100.00%	0	0.00%	153,241,703	85.43	0
12 - to authorise the Directors to allot shares	82,611,803	53.91%	70,629,900	46.09%	153,241,703	85.43	0
13 - To authorise the Company to make political donations and incur political expenditure.	149,820,671	97.77%	3,421,032	2.23%	153,241,703	85.43	0
14 - authority to disapply statutory pre-emption rights	82,611,803	53.91%	70,629,900	46.09%	153,241,703	85.43	0

The Company notes that Resolution 14 did not achieve the requisite 75% majority to pass, and while Resolution 12 did pass with the required majority (53.91%), there was a sizable vote against it.  The Company acknowledges these votes and will engage with shareholders to further understand the reasons behind this vote.  An update on this engagement will be published within 6 months of the AGM. 

Enquiries:

Distribution Finance Capital Holdings plc

Carl D'Ammassa - Chief Executive Officer  [phone]

Kam Bansil - Head of Investor Relations  [phone]

http://www.dfcapital-investors.com  

Investec Bank plc (NOMAD and broker)  [phone]

David Anderson

Bruce Garrow

Harry Hargreaves

Maria Gomez de Olea

 

END

 

 

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