Highcroft Investments PLC Result of AGM (3067Z)
May 16 2019 - 8:27AM
UK Regulatory
TIDMHCFT
RNS Number : 3067Z
Highcroft Investments PLC
16 May 2019
Annual General Meeting 2019
Highcroft Investments plc
(the "Company" or "Highcroft")
Results of the Annual General Meeting held on 16 May 2019
Highcroft announces that at its Annual General Meeting, which
was held at 12.00 today, all the proposed resolutions were duly
approved by the shareholders by way of a poll. Resolutions 1 to 11
were proposed as ordinary resolutions and resolutions 12 and 13
were proposed as special resolutions. The voting results are set
out below and are also available on the Company's website at
www.highcroftplc.com.
Under the Financial Conduct Authority's Listing Rules, because
the Kingerlee Concert Party is classed as a "controlling
shareholder" (defined as a person who exercises or controls, on
their own or together with any other person with whom they are
acting in concert, 30% or more of the voting rights in the Company)
a resolution for the election and re-election of independent
directors must be approved by an ordinary resolution of, the
shareholders and separately approved by, those shareholders who are
not controlling shareholders (the "Independent Shareholders").
Accordingly the results below show the voting by all
shareholders and, separately, on resolutions 4 and 8 only, the
voting by the Independent Shareholders (which excludes the voting
interest of the Kingerlee Concert Party, as controlling
shareholder, holding 2,164,466 ordinary shares which represents
41.89% of the issued ordinary share capital of the Company).
In favour Against
RESOLUTION Votes %age Votes %age Withheld
--------------------------- ---------- ----- ------ ----- ---------
To receive and consider
the report and accounts
for the year ended
1 31 December 2018. 1,993,645 100 0 0 0
--------------------------- ---------- ----- ------ ----- ---------
To approve a final
property income
distribution of
33.75p per share
on the ordinary
shares of the Company
for the year ended
31 December 2018
to be paid on 31
May 2019 to shareholders
on the register
of members on 3
2 May 2019. 1,993,645 100 0 0 0
--------------------------- ---------- ----- ------ ----- ---------
In accordance with
the Companies Act
2006, to approve,
on an advisory only
basis the directors'
remuneration report,
excluding the part
containing the directors'
remuneration policy,
contained in the
annual report for
the year ended 31
3 December 2018. 1,993,645 100 0 0 0
--------------------------- ---------- ----- ------ ----- ---------
To approve the director's
remuneration policy
contained in the
annual report for
the year ended 31
December 2018, in
accordance with
section 439A of
the Companies Act
4 2006. 1,993,645 100 0 0 0
--------------------------- ---------- ----- ------ ----- ---------
To approve the Company's
new incentive plan
and to authorise
the directors to
do all such things
to carry the plan
5 into effect. 1,993,645 100 0 0 0
--------------------------- ---------- ----- ------ ----- ---------
To re-elect Charles
Butler as a director
6 of the Company. 1,993,645 100 0 0 0
--------------------------- ---------- ----- ------ ----- ---------
To re-elect Simon
Gill as a director
7 of the Company. 1,993,645 100 0 0 0
--------------------------- ---------- ----- ------ ----- ---------
To re-elect David
Kingerlee as a director
8 of the Company. 1,993,645 100 0 0 0
--------------------------- ---------- ----- ------ ----- ---------
To re-elect Roberta
Miles as a director
9 of the Company. 1,993,645 100 0 0 0
--------------------------- ---------- ----- ------ ----- ---------
To re-elect Simon
Costa as a director
10 of the Company. 1,993,645 100 0 0 0
--------------------------- ---------- ----- ------ ----- ---------
To re- appoint Mazars
LLP as auditor to
hold office from
the conclusion of
the meeting to the
conclusion of the
next meeting at
which accounts are
laid before the
Company and to authorise
the directors to
fix the remuneration
of the auditor for
11 the ensuing year. 1,993,645 100 0 0 0
--------------------------- ---------- ----- ------ ----- ---------
To allot shares
in the company up
to an aggregate
nominal amount of
12 GBP64,591. 1,993,645 100 0 0 0
--------------------------- ---------- ----- ------ ----- ---------
That a General Meeting
of the Company (other
than an Annual General
Meeting) may be
called on not less
13 than 14 days' notice. 1,993,645 100 0 0 0
--------------------------- ---------- ----- ------ ----- ---------
Votes of Independent Shareholders (excluding the voting interest
of the Kingerlee Concert Party)
In favour Against
RESOLUTION Votes %age Votes %age Withheld
---------------------- -------- ----- ------ ----- ---------
To re-elect Charles
Butler as a director
6 of the Company. 365,034 100 0 0 0
---------------------- -------- ----- ------ ----- ---------
To re-elect Simon
Costa as a director
10 of the Company. 365,034 100 0 0 0
---------------------- -------- ----- ------ ----- ---------
Notes:
(a) The votes in favour include those votes giving the Chairman
discretion.
(b) A vote withheld is not a vote in law and is not counted in
the votes for or against a resolution.
Enquiries:
Highcroft Investments PLC
Charles Butler/Roberta Miles 01865 840023
Panmure Gordon (UK) Limited
Fabien Holler 020 7886 2500
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END
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