Result of Meeting

RNS Number : 4999I

De La Rue PLC

02 December 2022

 

DE LA RUE PLC

2 December 2022

RESULT OF GENERAL MEETING

A General Meeting of De La Rue plc ("De La Rue" or the "Company") was held at 2:00pm today, 2 December 2022, at De La Rue House, Jays Close, Viables, Basingstoke, Hampshire (the "General Meeting") .

The Company is pleased to announce that the only resolution put to the General Meeting, which was to approve Kevin Loosemore continuing as a Director of the Company and as Chairman of the Board, was duly passed by the Company's shareholders on a poll vote. The full text of the resolution is contained in the Notice of General Meeting published on 3 November 2022, which is available on the Company's website at www.delarue.com.

The General Meeting was called in response to a request in October 2022 from an investor in the Company, Crystal Amber Fund Limited ("Crystal Amber"), for the Chairman of the Board, Kevin Loosemore, to resign.  Excluding the votes cast by Crystal Amber, 94.9% of the votes cast were in favour of Mr Loosemore continuing to serve as a Director of the Company and as Chairman of the Board.

The Board is pleased that the resolution was passed at today's General Meeting and welcomes the overwhelming support of the Company's shareholders for the resolution proposed. The full results of the poll vote on the resolution, on which Computershare (the Company's registrar) acted as scrutineer, are as follows:

RESOLUTION		FOR		AGAINST		TOTAL		WITHHELD
		Number of votes	% of votes cast	Number of votes	% of votes cast	Votes cast (excluding withheld)	% of issued share capital	Number of votes
Ordinary Resolution
1.	Approve Kevin Loosemore's continuation as Director and Chairman of De La Rue	125,880,167	82.9%	26,012,867	17.1%	151,893,034	77.7%	165,804

Notes:

1.  The percentages voted 'For' and 'Against' are expressed as a proportion of the total votes cast.  Votes 'withheld' are not votes under English law and so have not been included in the calculation of whether the resolution was carried. Percentages have been rounded to one decimal place.

2.  Any proxy appointments which gave discretion to the Chairman of the meeting were voted in favour of the resolution and have been included in the 'For' totals.

3.  As at 6:00 p.m. on 30 November 2022 (being the record time for the General Meeting), the issued share capital of the Company consisted of 195,435,840 ordinary shares of 44¹⁵²/₁₇₅ pence each, carrying one vote each and 111,673,300 deferred shares with a nominal value of 1 penny which do not carry any voting rights. The total number of shares over which voting rights in the Company are held is therefore 195,435,840.

The results of the General Meeting held on 2 December 2022 will shortly be available to view on the Company's website at www.delarue.com .  In accordance with Listing Rule 9.6.2R, a copy of the wording of the resolution will be submitted to the National Storage Mechanism, where it will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

De La Rue plc's LEI code is 213800DH741LZWIJXP78.

Enquiries:

De La Rue plc		[phone]
Clive Vacher		Chief Executive Officer
Rob Harding		Chief Financial Officer
Louise Rich		Head of Investor Relations
Brunswick		[phone]
Stuart Donnelly
Ed Brown

About De La Rue

De La Rue plc's purpose is to secure trust between people, businesses and governments. As a trusted partner of governments, central banks and commercial organisations seeking to secure their global supply chains and cash cycles, De La Rue provides highly secure physical and digital solutions that underpin the integrity of economies and trade.

De La Rue's Currency division provides market-leading end-to-end currency solutions, from finished banknotes to secure polymer substrate and banknote security features to over half the central banks and issuing authorities around the world.

Our Authentication division protects revenues and reputations through the provision of physical and digital solutions to governments and commercial organisations. We also manufacture financial documents and ID security components.

At the end of September 2022, De La Rue had 2,190 employees who work with organisations in more than 140 countries, leveraging the group's manufacturing facilities in the UK, US, Malta, Sri Lanka and Kenya.

De La Rue's shares are traded on the London Stock Exchange (LSE:DLAR). For further information please visit  www.delarue.com .

 

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