Results of Annual General Meeting

Vp PLC

25 July 2024

 

Company Number: 00481833                                                                                                                   25 July 2024

Vp plc

Results of Annual General Meeting

Vp plc (the "Company") announces that at its Annual General Meeting ("AGM") held today, all resolutions set out in the notice of the AGM were passed by the requisite majority of votes by shareholders by way of a poll.

The full text of the resolutions proposed at the AGM is included in the Company's Notice of AGM published on 25 June 2024, which is available on the Investors section of the Company's website at https://www.vpplc.com/investors/.

The results of the poll for each resolution were as follows:

	VOTES FOR	%	VOTES AGAINST	%	TOTAL SHARES VOTED	% OF ISSUED SHARE CAPITAL VOTED	VOTES WITHHELD
ORDINARY RESOLUTIONS
1. To receive the Company's financial statements and the reports of the Directors together with the Auditor's Report for the year ended 31 March 2024	32,561,824	100.00%	1,500	0.00%	32,563,324	81.10%	-
2. To declare a final dividend of 27.5 pence per ordinary share	32,563,324	100.00%	-	0.00%	32,563,324	81.10%	-
3. To re-elect Jeremy Pilkington as a Director	30,830,950	94.68%	1,732,124	5.32%	32,563,074	81.09%	250
4. To re-elect Anna Bielby as a Director	32,238,812	99.00%	324,012	1.00%	32,562,824	81.09%	500
5. To re-elect Phil White as a Director	28,085,124	86.25%	4,477,700	13.75%	32,562,824	81.09%	500
6. To re-elect Mark Bottomley as a Director	32,484,699	99.76%	78,125	0.24%	32,562,824	81.09%	500
7. To re-elect Stuart Watson as a Director	32,162,564	99.76%	78,125	0.24%	32,240,689	80.29%	322,635
8. To elect Keith Winstanley as a Director	32,561,074	99.99%	2,000	0.01%	32,563,074	81.09%	250
9. To re-appoint PricewaterhouseCoopers LLP as auditor of the Company	32,514,075	99.85%	48,749	0.15%	32,562,824	81.09%	500
10. To authorise the directors to determine the auditor's remuneration	32,561,224	100.00%	1,600	0.00%	32,562,824	81.09%	500
11. To approve the Directors' Remuneration Report	32,537,682	99.93%	21,765	0.07%	32,559,447	81.09%	3,877
SPECIAL RESOLUTIONS
12. To authorise the Company to purchase its own shares	32,338,726	99.32%	222,443	0.68%	32,561,169	81.09%	2,155
13. To approve the calling of a general meeting other than an annual general meeting on not less than 14 clear days' notice	32,503,035	99.82%	59,789	0.18%	32,562,824	81.09%	500
14. To adopt new Articles of Association	32,560,447	99.99%	1,877	0.01%	32,562,324	81.09%	900
ADDITIONAL ORDINARY RESOLUTION
15. To authorise the Company to use electronic communications	32,550,244	99.99%	3,912	0.01%	32,554,156	81.07%	9,168

Ackers P Investment Company Limited (a company of which Jeremy Pilkington is a director of) is regarded as a controlling shareholder of the Company for the purposes of the Listing Rules, and each resolution to re-elect independent non-executive directors (resolutions 5, 6 and 7) have under Listing Rule 9.2.2E been approved by a majority of the votes cast by:

(i)         the shareholders of the Company as a whole; and 

(ii)         the independent shareholders of the Company, that is, all the shareholders entitled to vote on each resolution excluding the controlling shareholder.

Votes cast by shareholders excluding the controlling shareholder are shown below:

RESOLUTION	VOTES FOR	%	VOTES AGAINST	%	TOTAL SHARES VOTED	% OF ISSUED SHARE CAPITAL VOTED	VOTES WITHHELD
5. To re-elect Phil White as a Director	7,903,713	63.84%	4,477,700	36.16%	12,381,413	30.83%	500
6. To re-elect Mark Bottomley as a Director	12,303,288	99.37%	78,125	0.63%	12,381,413	30.83%	500
7. To re-elect Stuart Watson as a Director	11,981,153	99.35%	78,125	0.65%	12,059,278	30.03%	322,635

Notes:

1.         All resolutions were passed.

2.         Any proxy appointments giving discretion to the Chairman of the AGM have been included in the "For" total.

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

4.         A vote "Withheld" is not a vote in law and is not counted in the calculation of percentage of shares voted  "For" or "Against" any resolution nor in the calculation of the "% of issued share capital voted" for any resolution.

5.         The Company's total of ordinary shares in issue (total voting rights) on 24 June 2024, being the time at which a person had to be registered in the Company's register of members in order to vote at the AGM, was 40,154,253 ordinary shares of 5 pence each. Ordinary shareholders are entitled to one vote per ordinary share held.

6.         The total number of ordinary shares held by shareholders excluding the controlling shareholder on 24 June 2024 was 19,972,842.

7.         In accordance with paragraph 9.6.2 of the Listing Rules, a copy of the resolutions passed at the AGM will shortly be submitted to the National Storage Mechanism and will be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

8.         A copy of this announcement will be available on the Company's website at https://www.vpplc.com/investors/.

Sarah (Sally) Jones, Company Secretary
Vp plc

25 July 2024

 

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