Result of 2023 Annual General Meeting

Safestyle UK PLC

18 May 2023

 

18 May 2023

Safestyle UK plc

("Safestyle" or the "Group")

Result of 2023 Annual General Meeting

Safestyle UK plc (AIM: SFE), the leading UK focused retailer and manufacturer of PVCu replacement windows and doors for the homeowner market, is pleased to announce that all of the resolutions set out in the Notice of AGM were passed by the requisite majority at the Group's AGM, held earlier today.

Details of the proxy votes received by the Group are as follows:

	For		Against		Total Votes	Withheld
	No. of votes	%	No. of votes	%	No. of votes	No. of votes
1.     To receive the Annual Report and Accounts	96,519,056	100.00	-	-	96,519,056	-
2.     To approve the directors' remuneration report	65,869,662	68.58	30,173,201	31.42	96,042,863	476,193
3.     To approve a final dividend	96,513,715	99.99	4,148	0.01	96,517,863	1,193
4.     To re-appoint Rob Neale	96,518,397	100.00	-	-	96,518,397	659
5.     To re-appoint Fiona Goldsmith	96,468,656	99.95	49,741	0.05	96,518,397	659
6.     To re-appoint Michelle Williams	92,053,397	95.37	4,465,000	4.63	96,518,397	659
7.     To re-appoint Phil Joyner	96,518,397	100.00	-	-	96,518,397	659
8.     To re-appoint Grant Thornton UK LLP as auditors	96,516,592	99.99	2,464	0.01	96,519,056	-
9.     To authorise the directors to determine the remuneration of the auditors	96,519,056	100.00	-	-	96,519,056	-
10.   To authorise the Directors to allot relevant securities	96,017,204	99.48	500,659	0.52	96,517,863	1,193
11.   To authorise the Group to hold any shares in the capital of the Group as treasury shares	96,518,397	99.99	659	0.01	96,519,056	-
12.   To grant a limited disapplication of the statutory pre-emption rights*	96,017,863	99.48	500,000	0.52	96,517,863	1,193
13.   To authorise the Group to make market purchases of its own ordinary shares*	96,519,056	100.00	-	-	96,519,056	-

*Special resolution

The Board notes that more than 20% of votes were cast against resolution 2. The Board takes these votes very seriously and will continue to engage with shareholders and shareholder advisory bodies as appropriate to ensure their feedback informs the Company's future approach to these matters.

Notes:

1.    Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution.

2.    Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.

3.    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".

4.    The number of shares in issue on 18 May 2023 was 138,867,384 with no shares in treasury. 

5.    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 Group's website at http://www.safestyleukplc.co.uk/investor-relations/reports-and-presentations.

Enquiries:

Safestyle UK plc Rob Neale, Chief Executive Officer Phil Joyner, Chief Financial Officer	via FTI Consulting
Zeus (Nominated Adviser & Joint Broker) Dan Bate / James Edis (Investment Banking) Dominic King (Corporate Broking)	Tel: [phone]
Liberum Capital Limited (Joint Broker) Jamie Richards / William King	Tel: [phone]
FTI Consulting (Financial PR) Alex Beagley / Sam Macpherson / Amy Goldup	Tel: [phone]

About Safestyle UK plc

The Group is the leading retailer and manufacturer of PVCu replacement windows and doors to the UK homeowner market.  For more information please visit www.safestyleukplc.co.uk or www.safestyle-windows.co.uk.

 

END