Result of AGM

RNS Number : 2933G

Luceco PLC

25 May 2017

 

Luceco plc

(the "Company")

25 May 2017

Annual General Meeting ("AGM") Results

The Company announces that at its Annual General Meeting held earlier today all the resolutions set out in the Notice of Annual General Meeting were passed by the requisite majority. Each of the resolutions put to the AGM was voted on by way of a poll. The results of the poll for each resolution were as follows:

Resolution * indicates Special Resolution	For (No. of shares)	For (%)	Against (No. of shares)	Against (%)	Votes Withheld (No. of shares)	Total issued. share capital instructed (%)
1. To receive the Annual Report and Accounts.	103,565,042	100.00%	0	0.00%	0		64.41%
2.  To declare a final dividend.	103,565,042	100.00%	0	0.00%	0		64.41%
3. To approve the Directors' Remuneration Report.	103,013,642	99.69%	320,317	0.31%	231,083		64.41%
4. To approve the Remuneration Policy.	103,327,591	99.77%	237,451	0.23%	0		64.41%
5.  To elect Giles Brand as a Director.	103,013,643	99.47%	551,399	0.53%	0		64.41%
6.  To elect John Hornby as a Director.	103,565,042	100.00%	0	0.00%	0		64.41%
7. To elect David Main as a Director.	103,565,042	100.00%	0	0.00%	0		64.41%
8.  To elect John Barton as a Director.	103,565,042	100.00%	0	0.00%	0		64.41%
9.  To elect Caroline Brown as a Director.	103,565,042	100.00%	0	0.00%	0		64.41%
10. To elect Tim Surridge as a Director.	103,565,042	100.00%	0	0.00%	0		64.41%
11. To re-appoint KPMG LLP as auditor of the Company.	103,304,060	99.97%	29,900	0.03%	231,082		64.41%
12. To authorise the Audit Committee to determine the auditors' remuneration.	103,541,511	99.98%	23,531	0.02%	0		64.41%
13. To authorise the Company to make political donations.	102,357,512	99.08%	951,917	0.92%	255,613		64.41%
14. To approve the Luceco plc 2017 Performance Share Plan.	103,013,642	99.47%	551,400	0.53%	0		64.41%
15. To authorise the Directors to allot ordinary shares.	102,012,310	98.50%	1,552,732	1.50%	0		64.41%
16. To disapply pre-emption rights.*	102,752,042	99.28%	750,000	0.72%	63,000		64.41%
17. To disapply pre-emption rights for financing an acquisition.*	102,364,591	98.90%	1,137,451	1.10%	63,000		64.41%
18. To authorise the Company to purchase its own ordinary shares.*	103,327,591	99.77%	237,451	0.23%	0		64.41%
19. To authorise the Directors to hold general meetings on not less than 14 clear days' notice.*	102,940,554	99.40%	624,488	0.60%	0		64.41%

*Special Resolution

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 23 May 2017 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.foxtonsgroup.co.uk.
8.	A copy of resolutions 14 and 16-19 passed at the AGM will shortly be submitted to the National Storage Mechanism and will be available for inspection at www.morningstar.co.uk/uk/NSM.
9.	The complete poll results will be available shortly on the Company's website at www.lucecoplc.com
For further information please contact:
Luceco plc John Hornby, Chief Executive Officer David Main, Chief Financial Officer		via MHP Communications 020 3128 8100
MHP Communications Tim Rowntree James White Ollie Hoare Rossina Garcia		020 3128 8100
Numis Securities Stuart Skinner Oliver Hardy Toby Adcock		020 7260 1000

 

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