Result of AGM

RNS Number : 9803N

Real Good Food PLC

27 September 2019

 

27 September 2019

Real Good Food plc

("RGF" or "the Company")

Result of AGM

The Company announces that at its Annual General Meeting (the "Meeting") held yesterday, all proposed Resolutions, with the exception of Resolutions 5, 7 and 8, were duly passed on a show of hands.

Resolution 5 to re-appoint Hugh Cawley as a director was moved to not be put to a vote by the Chairman; Hugh Cawley having resigned from his role as a director of the Company after the notice of the Meeting had been issued, as announced on 3 September 2019. At the request of certain minority shareholders present, the Resolution was put to the Meeting by means of a poll. The Resolution was not passed.

Resolution 7 to authorise the directors of the Company to allot shares was put to the Meeting and voted on by means of a poll. Resolution 7 was duly passed by a majority.

Resolution 8, a special resolution, to authorise the directors of the Company to not apply pre-emption rights, was put to the Meeting and voted on by means of a poll. Resolution 8 was not passed.

In relation to the three resolutions voted on by means of a poll, the Company's three major shareholders abstained from voting on Resolutions 7 and 8 and two of the major shareholders abstained from voting on Resolution 5.

The Board notes the significant votes against certain resolutions by minority shareholders and intends to engage actively with minority shareholders.

The result of all proxy votes (as updated for the poll votes on Resolutions 5,7 and 8 as described above) was as follows:

Resolution	Voting Method	Votes For		Votes Against		Votes withheld	Total Votes Cast (excluding withheld)
		No of Shares	% of shares voted	No of shares	% of shares voted	No of shares
1	Proxy	9,033,034	67.00%	4,450,000	33.00%		13,483,034
2	Proxy	13,478,734	99.97%	4,300	0.03%		13,483,034
3	Proxy	9,028,734	66.96%	4,454,300	33.04%		13,483,034
4	Proxy	9,025,925	66.94%	4,457,109	33.06%		13,483,034
5	Poll	6,833,810	18.56%	29,989,222	81.44%		36,823,032
6	Proxy	9,033,810	67.00%	4,450,000	33.00%		13,483,810
7	Poll	9,012,498	61.36%	5,675,692	38.64%	23,339,566	14,688,190
8	Poll	9,011,887	61.35%	5,676,303	38.65%	23,339,566	14,688,190

Total shares in issue as at 26 September 2019: 99,564,430

Enquiries:

Real Good Food plc Mike Holt, Executive Chairman Maribeth Keeling, Finance Director	Tel: [phone]
finnCap Limited (Nomad and Broker) Matt Goode / Carl Holmes / James Thompson (Corporate Finance)	Tel: [phone]
MHP Communications (Financial PR)  Reg Hoare / Katie Hunt	Tel: [phone] [e-mail]
About Real Good Food Real Good Food plc is a food manufacturing business serving a number of market sectors including retail (own label and private label), manufacturing and export.  The Company has two businesses, Cake Decoration (Renshaw and Rainbow Dust Colours) and Food Ingredients (Brighter Foods), with leading brands in their chosen markets.

 

END

 

 

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