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: 0203 829 5000

Liberum Capital Limited (Joint Broker)

Jamie Richards / William King

 

Tel: 0203 100 2100

FTI Consulting (Financial PR)

Alex Beagley / Sam Macpherson / Amy Goldup

 

Tel: 0203 727 1000

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.

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END
 
 

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Safestyle UK (SFE)
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