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
|
|
|
|
| |