Result of AGM

Luceco PLC
14 May 2024
 

Luceco plc

(the "Company")

 

14 May 2024

 

Annual General Meeting ("AGM") Results

 

The Company announces that at its Annual General Meeting held on 14 May 2024 at the offices of Numis at 45 Gresham St, London EC2V 7BF each of the resolutions set out in the Notice of Annual General Meeting were voted by way of a poll. The results of the poll for each resolution were as follows:

 

No.

Resolution

 

For

Against

 

Votes Withheld

Total issued share capital voted

Number of shares

%

Number of shares

%

Number of shares

%

1

To receive the Annual Report and Accounts

116,219,569

100.00%

3,859

0.00%

428,264

72.28%

2

To declare a final dividend of 3.2 pence per ordinary share

116,649,238

100.00%

0

0.00%

2,454

72.54%

3

To approve the Directors' Remuneration Report

116,155,961

99.63%

435,119

0.37%

60,612

72.51%

4

To re-elect Giles Brand
as a Director

111,788,868

95.83%

4,858,869

4.17%

3,954

72.54%

5

To re-elect Caroline Brown as a Director

116,165,723

99.64%

421,057

0.36%

64,912

72.50%

6

To re-elect John Hornby
as a Director

116,522,160

99.93%

77,760

0.07%

51,772

72.51%

7

To re-elect Will Hoy
as a Director

116,501,083

99.92%

90,497

0.08%

60,112

72.51%

8

To re-elect Tim Surridge
as a Director

116,513,820

99.93%

77,760

0.07%

60,112

72.51%

9

To re-elect Pim Vervaat
as a Director

116,134,063

99.61%

457,517

0.39%

60,112

72.51%

10

To re-elect Julia Hendrickson
as a Director

116,582,561

99.99%

9,019

0.01%

60,112

72.51%

11

To re-appoint KPMG LLP
as Auditor of the Company

116,160,425

99.63%

429,695

0.37%

61,572

72.51%

12

To authorise the Audit Committee to determine the Auditor's remuneration

116,591,901

100.00%

4,219

0.00%

55,572

72.51%

13

To make political donations and incur political expenditure

115,270,256

99.22%

903,994

0.78%

477,442

72.25%

14

Authority to allot shares

116,505,705

99.92%

95,355

0.08%

50,632

72.51%

15*

Authority to disapply pre-emption rights

116,084,836

99.56%

516,584

0.44%

50,272

72.51%

16*

Authority to disapply pre-emption rights in limited circumstances

116,040,592

99.52%

560,828

0.48%

50,272

72.51%

17*

Authority for the Company to purchase its own shares

116,216,624

99.63%

432,614

0.37%

2,454

72.54%

18*

Authority to call general meetings (other than AGMs) on 14 clear days' notice

115,180,518

98.75%

1,462,719

1.25%

8,454

72.54%

* special resolution

 

 

Independent Issued Share Capital: 86,608,203

No.

Resolution

 

For

Against

 

Votes Withheld

Total issued share capital instructed

Number of shares

%

Number of shares

%

Number of shares

%

5*

To re-elect Caroline Brown as a Director

47,634,544

99.12%

421,057

0.88%

64,912

29.89%

8*

To re-elect Tim Surridge
as a Director

47,982,641

99.84%

77,760

0.16%

60,112

29.89%

9*

To re-elect Pim Vervaat
as a Director

47,602,884

99.05%

457,517

0.95%

60,112

29.89%

10*

To re-elect Julia Hendrickson as a Director

48,051,382

99.98%

9,019

0.02%

60,112

29.89%

*independent resolution

 

For the purposes of the FCA Listing Rules, the concert parties known as the:

1.   "Hornby Group", comprising John Hornby, the Company's Chief Executive Officer, certain members of his family and an investment vehicle associated with John Hornby and his family, which has an aggregate interest in the Company's shares carrying voting rights of approximately 18.13%; and

 

2.   "Epic Group", comprising ESO Investments 2 Limited and Giles Brand, which has an aggregate interest in the Company's shares carrying voting rights of approximately 28%,

 

("Controlling Shareholders")

 

(for further details see the announcement released on 22 January 2024), are controlling (non-independent shareholders) of the Company as a result of holding 29,160,618 and 45,031,179 shares respectively in the Company.

 

Each resolution to re-elect independent non-executive directors (resolutions 5, 8, 9 and 10) 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 Shareholders.

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 14 May 2024 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.lucecoplc.com

 

8.

A copy of resolutions 15-18 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.

 

9.

These poll results will be available shortly on the Company's website at www.lucecoplc.com

 

For further information please contact:


Luceco plc

Will Hoy, Chief Financial Officer

via the Company Secretary, Link Company Matters

033 3300 1950

 

Link Company Matters

Michael Conway

Paris Condon

 

033 3300 1950

 

 

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Luceco (LUCE)
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