Highcroft Investments PLC Result of AGM (7672Z)
May 17 2023 - 7:52AM
UK Regulatory
TIDMHCFT
RNS Number : 7672Z
Highcroft Investments PLC
17 May 2023
Annual General Meeting 2023
Highcroft Investments plc
(the "Company" or "Highcroft")
Results of the Annual General Meeting held on 17 May 2023
Highcroft announces that at its Annual General Meeting, which
was held at 12.00 noon 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 Resolution 12 as a
special resolution. The full text of the resolutions considered at
the AGM are contained in the Notice of AGM published on 17 April
2023 which is available on the Company's website at
www.highcroftplc.com . Results of the poll vote on each resolution
are set out below.
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 5 and 6 only, the
voting by the Independent Shareholders (which excludes the voting
interest of the Kingerlee Concert Party, as controlling
shareholder, holding 2,127,382 ordinary shares which represents
40.86% of the issued ordinary share capital of the Company).
In favour Against
RESOLUTION Votes % Votes % Withheld
---------------------------- ---------- ------ ------- ----- ---------
To receive the 2022
1 Annual Report 2,804,600 100 0 0 0
---------------------------- ---------- ------ ------- ----- ---------
To approve a final property
income distribution
of 33p per share on
the ordinary shares
2 of the Company 2,804,600 100 0 0 0
---------------------------- ---------- ------ ------- ----- ---------
To approve the directors'
3 remuneration report 2,781,011 99.16 23,589 0.84 0
---------------------------- ---------- ------ ------- ----- ---------
To approve the directors'
4 remuneration policy 2,781,011 99.16 23,589 0.84 0
---------------------------- ---------- ------ ------- ----- ---------
To re-elect Charles
5 Butler 2,801,877 99.90 2,723 0.10 0
---------------------------- ---------- ------ ------- ----- ---------
6 To re-elect Simon Costa 2,801,877 99.90 2,723 0.10 0
---------------------------- ---------- ------ ------- ----- ---------
To re-elect Roberta
7 Miles 2,801,877 99.90 2,723 0.10 0
---------------------------- ---------- ------ ------- ----- ---------
8 To elect Paul Leaf-Wright 2,786,074 99.99 287 0.01 18,239
---------------------------- ---------- ------ ------- ----- ---------
9 To elect David Warlow 2,786,074 99.99 287 0.01 18,239
---------------------------- ---------- ------ ------- ----- ---------
10 Reappointment of auditor 2,804,600 100 0 0 0
---------------------------- ---------- ------ ------- ----- ---------
11 Remuneration of auditor. 2,804,600 100 0 0 0
---------------------------- ---------- ------ ------- ----- ---------
Authority for reduced
notice of a general
meeting other than an
12 AGM 2,802,100 99.91 2,500 0.09 0
---------------------------- ---------- ------ ------- ----- ---------
Votes of Independent Shareholders (excluding the voting interest
of the Kingerlee Concert Party)
In favour Against
RESOLUTION Votes % Votes % Withheld
------------------------- -------- ------ ------ ----- ---------
5 Re-elect Charles Butler. 937,404 99.71 2,723 0.29 0
------------------------- -------- ------ ------ ----- ---------
6 Re-elect Simon Costa. 937,404 99.71 2,723 0.29 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
Paul Leaf-Wright/Roberta Miles 01869 352766
Singer Capital Markets
Peter Steel / Alex Emslie - Corporate Finance 020 7496 3000
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