TIDMGAMA

RNS Number : 4657Z

Gamma Communications PLC

21 May 2021

21 May 2021

Gamma Communications plc

Result of AGM

Gamma Communications plc ("the Company") is pleased to announce that, at its Annual General Meeting held yesterday, all resolutions put to shareholders were passed. A table outlining the votes received relating to each resolution is provided as an appendix below.

The Company notes that, whilst Resolution 11 was passed with the required majority (73.80%), there was a sizable vote against it. The Company acknowledges these votes whilst fully supporting the re-election of Wu Long Peng. It will engage with the proxy agencies and shareholders to understand further the reasons behind this vote.

Enquiries:

 
 
 Gamma Communications plc                         Tel: +44 ( 0)333 006 
  Andrew Taylor, Chief Executive Officer                          5972 
  Andrew Belshaw, Chief Financial Officer 
  Malcolm Goddard, Company Secretary 
 Investec Bank plc (NOMAD & Broker)                Tel: +44 (0)207 597 
  Patrick Robb / Sebastian Lawrence /                             5970 
  Virginia Bull 
 
   Tulchan Communications LLP (PR Adviser)         Tel: +44 (0)207 353 
   James Macey White / Matt Low                                   4200 
 

Appendix

 
 Resolution                                       Votes       V otes        Votes     Votes marked 
                                              in favour    in favour      against      as withheld 
                                                 of the                              / abstentions 
                                             resolution 
                                                    (%) 
 1            Report and accounts                 99.99   68,269,470           31          119,258 
             ----------------------------  ------------  -----------  -----------  --------------- 
 2            Final dividend                      99.99   68,388,472           13              274 
             ----------------------------  ------------  -----------  -----------  --------------- 
 3            Remuneration report                 99.92   68,330,597       55,748            2,414 
             ----------------------------  ------------  -----------  -----------  --------------- 
 4            Reappointment of auditors           99.88   68,303,992       82,933            1,834 
             ----------------------------  ------------  -----------  -----------  --------------- 
              Re-election of Richard 
 5             Last                               87.84   59,135,050    8,186,373        1,067,336 
             ----------------------------  ------------  -----------  -----------  --------------- 
              Re-election of Andrew 
 6             Taylor                             99.87   68,298,694       88,321            1,744 
             ----------------------------  ------------  -----------  -----------  --------------- 
              Re-election of Andrew 
 7             Belshaw                            99.85   68,284,314      102,701            1,744 
             ----------------------------  ------------  -----------  -----------  --------------- 
              Election of Charlotta 
 8             Ginman                             99.90   68,316,621       70,469            1,669 
             ----------------------------  ------------  -----------  -----------  --------------- 
              Re-election of Martin 
 9             Lea                                99.99   68,381,536        5,479            1,744 
             ----------------------------  ------------  -----------  -----------  --------------- 
              Re-election of Henrietta 
 10            Marsh                              99.99   68,382,621        5,639              499 
             ----------------------------  ------------  -----------  -----------  --------------- 
              Re-election of Wu Long 
 11            Peng                               73.80   46,350,652   16,459,007        5,579,100 
             ----------------------------  ------------  -----------  -----------  --------------- 
 12           Election of Xavier Robert           99.99   68,381,536        5,479            1,744 
             ----------------------------  ------------  -----------  -----------  --------------- 
              Increased cap on Directors' 
 13            fees                               99.95   68,354,186       33,064            1,509 
             ----------------------------  ------------  -----------  -----------  --------------- 
 14           Allotment of share capital          98.35   67,257,695    1,130,315              749 
             ----------------------------  ------------  -----------  -----------  --------------- 
              Disapplication of statutory 
 15            pre-emption rights                 99.99   68,385,872        2,134              753 
             ----------------------------  ------------  -----------  -----------  --------------- 
              Disapplication of statutory 
               pre-emption rights - 
               acquisition or other 
 16            capital investment                 99.99   68,386,097        1,909              753 
             ----------------------------  ------------  -----------  -----------  --------------- 
 17           Purchase of own shares              99.99   68,104,315           13          284,431 
             ----------------------------  ------------  -----------  -----------  --------------- 
 

NB: Percentage of Votes cast excludes Withheld votes

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May 21, 2021 06:53 ET (10:53 GMT)

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