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CareTech Holdings (CTH)

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Tuesday 09 March, 2021

CareTech Holdings

Result of AGM

RNS Number : 6658R
CareTech Holdings PLC
09 March 2021
 

 

 

9 March 2021

 

 

   

CareTech Holdings PLC

("CareTech" or "the Group")

 

 

Result of AGM  

 

CareTech Holdings PLC (AIM: CTH), a pioneering provider of specialist social care and education services to adults and children in the UK, announces that at the Group's Annual General Meeting ("AGM") held earlier today, all proposed resolutions were duly passed.

Noting the duration of Karl Monaghan's tenure as a Director of the Group, the Board confirms that it will commence a search for a new Chair of the Audit Committee.  Once this appointment is made, Karl Monaghan will retire from CareTech's Board.  It is expected that a suitable candidate will be identified and Karl Monaghan's retirement will be effected within no more than twelve months.

The results are set out below:

 

Resolution

Votes for

% of votes cast*

Votes against

% of votes cast*

Votes withheld

1

To receive the Annual Report and Accounts and reports of the Directors and the auditors for the financial year ended 30 September 2020

74,285,475

99.8%

154,600

0.2%

637

2

To approve the Remuneration Report for the financial year ended 30 September 2020

72,645,956

97.6%

1,794,477

2.4%

279

3

To declare a final dividend for the financial year ended 30 September 2020 of 8.65p per ordinary share

74,440,075

100.0%

0

0.0%

637

4

To re-elect Karl Monaghan as a Director

48,835,850

65.6%

25,604,148

34.4%

714

5

To re-elect Mike Adams as a Director

73,592,681

98.9%

847,317

1.1%

714

6

To re-appoint Grant Thornton UK LLP as auditors of the Company

73,607,581

98.9%

832,417

1.1%

714

7

To authorise the Directors to fix the auditors' remuneration

74,439,640

100.0%

358

0.0%

714

8

To authorise the Directors to allot securities up to a specified amount.

71,060,062

99.5%

387,392

0.5%

2,993,258

9

To give the Directors power to allot securities for cash without making an offer to Shareholders

70,342,725

98.5%

1,103,765

1.5%

2,994,222

10

To give the Directors power to allot securities for cash in respect of an acquisition or specified capital investment up to a specified amount

70,342,725

98.5%

1,103,765

1.5%

2,994,222

11

To give the Company limited authority to purchase its own shares

73,721,157

99.0%

719,276

1.0%

279

 

*NB: The percentage of votes cast for and against excludes withheld votes.

For further information, please contact:

 

CareTech Holdings PLC                            01707 601800

Farouq Sheikh, Executive Chairman

Christopher Dickinson, Group Finance Director

 

Consilium Strategic Communications    020 3709 5700

Mary-Jane Elliott

Chris Welsh

Angela Gray

 

Panmure Gordon (Nomad and Joint Broker)       020 7886 2500

Emma Earl

Freddy Crossley

Charles Leigh-Pemberton

 

Numis (Joint Broker)                                                      020 7260 1000

Jonathan Wilcox

James Black

Duncan Monteith

 

About CareTech

 

CareTech Holdings PLC is a leading provider of specialist social care services supporting around 5,000 adults and children with a wide range of complex needs in more than 550 day services the UK employing more than 10,500 staff; and an emerging presence in international markets.

 

Committed to the highest standards of care and care governance, CareTech's innovative Care Pathway covers Foster care, Children's Services, Adults Services and Technology Solutions.

 

CareTech, which was founded in 1993, began trading on the AIM market of the London Stock Exchange in October 2005 under the ticker symbol CTH.

 

For further information please visit:  www.caretech-uk.com

 

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