Result of AGM

Luceco PLC

14 May 2024

 

Luceco plc

(the "Company")

14 May 2024

Annual General Meeting ("AGM") Results

The Company announces that at its Annual General Meeting held on 14 May 2024 at the offices of Numis at 45 Gresham St, London EC2V 7BF each of the resolutions set out in the Notice of Annual General Meeting were voted by way of a poll. The results of the poll for each resolution were as follows:

No.	Resolution	For		Against		Votes Withheld	Total issued share capital voted
		Number of shares	%	Number of shares	%	Number of shares	%
1	To receive the Annual Report and Accounts	116,219,569	100.00%	3,859	0.00%	428,264	72.28%
2	To declare a final dividend of 3.2 pence per ordinary share	116,649,238	100.00%	0	0.00%	2,454	72.54%
3	To approve the Directors' Remuneration Report	116,155,961	99.63%	435,119	0.37%	60,612	72.51%
4	To re-elect Giles Brand as a Director	111,788,868	95.83%	4,858,869	4.17%	3,954	72.54%
5	To re-elect Caroline Brown as a Director	116,165,723	99.64%	421,057	0.36%	64,912	72.50%
6	To re-elect John Hornby as a Director	116,522,160	99.93%	77,760	0.07%	51,772	72.51%
7	To re-elect Will Hoy as a Director	116,501,083	99.92%	90,497	0.08%	60,112	72.51%
8	To re-elect Tim Surridge as a Director	116,513,820	99.93%	77,760	0.07%	60,112	72.51%
9	To re-elect Pim Vervaat as a Director	116,134,063	99.61%	457,517	0.39%	60,112	72.51%
10	To re-elect Julia Hendrickson as a Director	116,582,561	99.99%	9,019	0.01%	60,112	72.51%
11	To re-appoint KPMG LLP as Auditor of the Company	116,160,425	99.63%	429,695	0.37%	61,572	72.51%
12	To authorise the Audit Committee to determine the Auditor's remuneration	116,591,901	100.00%	4,219	0.00%	55,572	72.51%
13	To make political donations and incur political expenditure	115,270,256	99.22%	903,994	0.78%	477,442	72.25%
14	Authority to allot shares	116,505,705	99.92%	95,355	0.08%	50,632	72.51%
15*	Authority to disapply pre-emption rights	116,084,836	99.56%	516,584	0.44%	50,272	72.51%
16*	Authority to disapply pre-emption rights in limited circumstances	116,040,592	99.52%	560,828	0.48%	50,272	72.51%
17*	Authority for the Company to purchase its own shares	116,216,624	99.63%	432,614	0.37%	2,454	72.54%
18*	Authority to call general meetings (other than AGMs) on 14 clear days' notice	115,180,518	98.75%	1,462,719	1.25%	8,454	72.54%
* special resolution

Independent Issued Share Capital: 86,608,203
No.	Resolution	For		Against		Votes Withheld	Total issued share capital instructed
		Number of shares	%	Number of shares	%	Number of shares	%
5*	To re-elect Caroline Brown as a Director	47,634,544	99.12%	421,057	0.88%	64,912	29.89%
8*	To re-elect Tim Surridge as a Director	47,982,641	99.84%	77,760	0.16%	60,112	29.89%
9*	To re-elect Pim Vervaat as a Director	47,602,884	99.05%	457,517	0.95%	60,112	29.89%
10*	To re-elect Julia Hendrickson as a Director	48,051,382	99.98%	9,019	0.02%	60,112	29.89%
*independent resolution

For the purposes of the FCA Listing Rules, the concert parties known as the:

1.   "Hornby Group", comprising John Hornby, the Company's Chief Executive Officer, certain members of his family and an investment vehicle associated with John Hornby and his family, which has an aggregate interest in the Company's shares carrying voting rights of approximately 18.13%; and

2.   "Epic Group", comprising ESO Investments 2 Limited and Giles Brand, which has an aggregate interest in the Company's shares carrying voting rights of approximately 28%,

("Controlling Shareholders")

(for further details see the announcement released on 22 January 2024), are controlling (non-independent shareholders) of the Company as a result of holding 29,160,618 and 45,031,179 shares respectively in the Company.

Each resolution to re-elect independent non-executive directors (resolutions 5, 8, 9 and 10) 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 Shareholders.

NOTES:
1.	All Resolutions were passed.
2.	Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution.
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 the percentage of shares voted "For" or "Against" any resolution nor in the calculation of the proportion of "Total issued share capital instructed" for any resolution.
5.	The number of shares in issue at close of business on 14 May 2024 was 160,800,000 (the "Share Capital") and at that time, the Company did not hold any shares in treasury.
6.	The proportion of "Total issued share capital instructed" for any resolution is the total of votes validly cast for that resolution (i.e. the total votes "For" and "Against" that resolution) expressed as a percentage of the Share Capital.
7.	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 Company's website at www.lucecoplc.com
8.	A copy of resolutions 15-18 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.
9.	These poll results will be available shortly on the Company's website at www.lucecoplc.com
For further information please contact:
Luceco plc Will Hoy, Chief Financial Officer		via the Company Secretary, Link Company Matters 033 3300 1950
Link Company Matters Michael Conway Paris Condon		033 3300 1950

 

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