Result of AGM

RNS Number : 1020G

Kitwave Group PLC

25 March 2022

 

25 March 2022

Kitwave Group plc

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

Result of AGM

Final dividend

Kitwave Group plc (AIM: KITW), the delivered wholesale business, confirms that all of the resolutions put to the shareholders at the Annual General Meeting ("AGM")held earlier today were duly passed.

A breakdown of proxy votes lodged prior to the meeting for each resolution is set out below and will also be made available on the Group's website at https://www.kitwave.co.uk/investors/documents/#circulars

Resolutions	For*	% For	Against	% Against	Vote withheld**	Total votes cast
1. Annual report and accounts	43,052,986	100.00%	0	0.00%	0	43,052,986
2. Declaration of final dividend	43,052,986	100.00%	0	0.00%	0	43,052,986
3. Re-election of David Brind as a director	43,047,986	99.99%	5,000	0.01%	0	43,052,986
4. Re-election of Benjamin Maxted as a director	43,047,986	99.99%	5,000	0.01%	0	43,052,986
5. Re-election of Gerard Murray as a director	39,497,986	99.99%	5,000	0.01%	3,550,000	39,502,986
6. Re-election of Stephen Smith as a director	39,497,986	99.99%	5,000	0.01%	3,550,000	39,502,986
7. Re-election of Paul Young as a director	43,047,986	99.99%	5,000	0.01%	0	43,052,986
8. Appointment of auditor	40,350,259	93.72%	2,702,727	6.28%	0	43,052,986
9. Auditor's remuneration	40,346,456	93.71%	2,706,530	6.29%	0	43,052,986
10. Director's authority to allot shares	43,045,282	99.98%	7,704	0.02%	0	43,052,986
11. ***Dis-application of pre-emption rights	43,045,282	99.98%	7,704	0.02%	0	43,052,986
12. ***Dis-application of pre-emption rights for specified capital investment or acquisition	43,045,282	99.98%	7,704	0.02%	0	43,052,986
13. ***Authority to purchase own shares	42,346,479	99.98%	6,507	0.02%	700,000	42,352,986
14. Consent to electronic communications	43,047,986	99.99%	5,000	0.01%	0	43,052,986
15. Political donations or expenditure	40,739,535	96.19%	1,613,451	3.81%	700,000	42,352,986

* The votes "for" figures include those votes at the discretion of the Chairman.

** A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes 'for' or 'against' a resolution.

*** Special resolutions requiring a 75% majority.

Final dividend

The Company will pay a final dividend for the year ended 31 October 2021 of 4.5 pence per ordinary share of the Company, to be paid on 29 April 2022 to shareholders whose names appear on the register of members of the Company as at close of business on 8 April 2022.

- Ends -

For further information please contact:

Kitwave Group plc Paul Young, Chief Executive Officer David Brind, Chief Financial Officer www.kitwave.co.uk	Tel: [phone]
Canaccord Genuity Limited (Nominated Adviser and Sole Broker) Bobbie Hilliam Georgina McCooke Alex Aylen - Sales	Tel: [phone]
Yellow Jersey PR (Financial media and PR) Sarah Hollins Henry Wilkinson James Lingfield	Tel: [phone]

Company Overview

Founded in 1987, following the acquisition of a single-site confectionery wholesale business based in North Shields, United Kingdom, Kitwave is a delivered wholesale business, specialising in selling and delivering impulse products, frozen and chilled foods, alcohol, groceries and tobacco to approximately 39,000, mainly independent, customers.

With a network of 27 depots, Kitwave is able to support delivery throughout the UK to a diverse customer base, which includes independent convenience retailers, leisure outlets, vending machine operators, foodservice providers and other wholesalers, as well as leading national retailers.

The Group's growth to date has been achieved both organically and through a strategy of acquiring smaller, predominantly family-owned, complementary businesses in the fragmented UK grocery and foodservice wholesale market.

Kitwave Group plc (AIM: KITW) was admitted to trading on AIM of the London Stock Exchange on 24 May 2021.

For further information, please visit www.kitwave.co.uk .

 

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