Result of AGM and Board Changes

RNS Number : 5034L

Mpac Group PLC

19 April 2018

 

MPAC GROUP PLC

("Mpac" or the "Company")

19 April 2018

Result of AGM and Board Changes

Mpac Group plc ("the Company") confirms that all the resolutions put to the Annual General Meeting ("AGM") held at the Company's offices at 13 Westwood Way, Westwood Business Park, Coventry, CV4 8HS at 12 noon today were passed by a show of hands.  The table below gives details of the votes by proxy received by the Company.

As announced in the AGM statement released this morning, Phil Moorhouse stood down as Chairman of the Company at the conclusion of the AGM and Andrew Kitchingman, who has been a Non-Executive Director of the Company since May 2016, was appointed as Chairman with immediate effect.  A process will commence to appoint an additional Non-Executive Director to supplement the Board.

The table below gives details of the votes by proxy received by the Company for each resolution put to the AGM. 

NO	RESOLUTION	VOTES FOR	%	VOTES AGAINST	%	TOTAL VOTES	% of ISC VOTED	VOTES WITH HELD
1.	To receive the Company's audited annual accounts and Directors' and auditor's report for the year ended 31 December 2018.	8,210,662	99.99	603	0.01	8,211,265	40.71	80,000
2.	To elect Mr J R Haughey as a Director of the Company	8,290,089	99.99	1,176	0.01	8,291,265	41.10	0
3.	To re-elect Mr J L Davies as a Director of the Company	8,287,773	99.96	3,492	0.04	8,291,265	41.10	0
4.	To re-elect Mr A J Kitchingman as a Director of the Company	8,290,662	99.99	603	0.01	8,291,265	41.10	0
5.	To re-elect Dr A Steels as a Director of the Company	8,290,662	99.99	603	0.01	8,291,265	41.10	0
6.	To approve the Remuneration report	8,178,384	99.74	21,569	0.26	8,199,953	40.65	91,312
7.	To re-appoint KPMG as auditors	6,875,578	82.93	1,415,687	17.07	8,291,265	41.10	0
8.	To authorise the Audit Committee to determine the auditor's remuneration	6,885,814	83.1	1,400,451	16.9	8,286,265	41.08	5,000
9.	Authority to allot shares	8,263,400	99.83	14,053	0.17	8,277,453	41.04	13,812
10.	General authority to disapply pre-emption rights (special resolution)	8,256,393	99.75	20,756	0.25	8,277,149	41.03	14,116
11.	Additional authority to disapply pre-emption rights for purposes of acquisitions or capital investments (special resolution)	8,256,493	99.75	20,656	0.25	8,277,149	41.03	14,116
12.	Authority to purchase own shares (special resolution)	8,274,850	99.84	13,603	0.16	8,288,453	41.09	2,812
13.	To allow certain general meetings to be called on not less than 14 days' notice	8,204,498	98.95	86,767	1.05	8,291,265	41.10	0

1.     Any proxy arrangement which gave discretion to the Chairman has been included in the "for" totals.

2.     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.

3.    The number of shares in issue at 6:00 p.m. on 17 April 2017 was 20,171,540 ("ISC").

For further information, please contact:

Mpac Group plc                                                                                             Tel: [phone]

Tony Steels, Chief Executive

Jim Haughey, Group Finance Director

Panmure Gordon (UK) Limited                                                               Tel: [phone]

(Nominated Advisor & Broker) 

Andrew Potts, Peter Steel - Corporate Finance

James Stearns - Corporate Broking

Hudson Sandler                                                                                            Tel: [phone]

Nick Lyon        

 

END

 

 

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