Result of AGM

RNS Number : 3345K

Ten Entertainment Group PLC

04 May 2022

 

4 May 2022

Ten Entertainment Group plc

(the "Company")

Results of the Annual General Meeting ("AGM")

ALL RESOLUTIONS PASSED

At the Company AGM held earlier today, the board is pleased to confirm all resolutions were duly passed by shareholders. The following table sets out a breakdown of voting results.

Full details of the poll results are set out below and will also be available on the Company's website www.tegplc.co.uk  

No	Resolution	Votes For	%	Votes Against	%	Total Votes Cast	% of ISC Voted	Votes Withheld	Independent Votes For	%
1	To receive the Directors' report and accounts for the Company for the year ended 26 December 2021	61,508,971	98.32%	1,050,650	1.68%	62,559,621	91.53%	0
2	To approve the Directors' Remuneration Report for the year ended 26 December 2021, excluding the Directors' Remuneration Policy, set out in the Annual Report	51,974,834	83.08%	10,584,787	16.92%	62,559,621	91.53%	0
3	To elect Adam Bellamy as a Director	61,298,068	97.99%	1,260,553	2.01%	62,558,621	91.53%	1,000	50,602,841	97.57%
4	To re-elect Graham Blackwell as a Director	54,671,229	88.88%	6,837,392	11.12%	61,508,621	89.99%	1,051,000
5	To elect Antony Smith as a Director	54,671,229	88.88%	6,837,392	11.12%	61,508,621	89.99%	1,051,000
6	To elect Laura May as a Director	62,552,059	99.99%	7,562	0.01%	62,559,621	91.53%	0	51,856,832	99.99%
7	To re-elect Christopher Mills as a Director	44,844,394	75.89%	14,250,309	24.11%	59,094,703	86.46%	3,464,918
8	To re-elect Julie Sneddon as a Director	53,833,551	86.05%	8,726,070	13.95%	62,559,621	91.53%	0	43,138,324	83.18%
9	To re-appoint PricewaterhouseCoopers LLP as auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting at which accounts are laid before the Company	61,504,544	98.31%	1,055,077	1.69%	62,559,621	91.53%	0
10	To authorise the Directors to fix the remuneration of the auditors	62,553,794	99.99%	5,827	0.01%	62,559,621	91.53%	0
11	To authorise the Directors to allot relevant securities	55,462,260	88.66%	7,094,565	11.34%	62,556,825	91.53%	2,796
12	To authorise the Directors to disapply pre-emption rights up to an aggregate nominal amount of £34,183	54,422,171	88.48%	7,084,654	11.52%	61,506,825	89.99%	1,052,796
13	To authorise the Company to make market purchases of its own ordinary shares	61,500,875	98.31%	1,058,746	1.69%	62,509,621	91.53%	0
14	To authorise the Directors to call a general meeting other than an annual general meeting on not less than 14 clear days' notice	62,370,650	99.70%	188,971	0.30%	62,559,621	91.53%	0

Notes:

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 'For' or 'Against' any resolution. In accordance with Listing Rule 9.2.2, the votes of the shareholders and the independent shareholders are set out separately in the above table.

3.  The number of shares in issue at 12.15pm on 2 May 2022 was 68,376,784 (the "Share Capital"). The Company does not hold any shares in treasury.

Resolution 7

The re-election of Christopher Mills received votes in favour of over 75%.  Mr Mills has maintained a 100% attendance record at Board meetings since the IPO in 2017. The Board considers that Mr Mills' very broad experience and expertise helps ensure that the interests of the shareholders are considered appropriately in all decision making.

The Board is currently in the process of recruiting a further Independent Non-Executive Director to bring the Board independence level to 57%, or 50% excluding the Chairman in line with the UK Corporate Governance Code. The Board had previously delayed the recruitment of this position due to the impact of the Covid-19 pandemic.  With the business having successfully reopened and returned to a strong balance sheet position, an additional Independent Non-Executive Director will be appointed during 2022.

In accordance with Listing Rule 9.6.2, copies of resolutions passed at the Annual General Meeting concerning items other than ordinary business will shortly be available for inspection on the National Storage Mechanism which can be accessed at   https://data.fca.org.uk/#/nsm/nationalstoragemechanism

Enquiries:

Ten Entertainment Group plc  via Instinctif Partners

Graham Blackwell, Chief Executive Officer

Antony Smith, Chief Financial Officer

Instinctif Partners  Tel: [phone]

Matthew Smallwood

Penny Bainbridge  

 

END

 

 

RAGAIMJTMTTMBAT