TIDMMTC
Mothercare plc Annual General Meeting 9 September 2021:
Results
At the annual general meeting held at 11.00am on 9 September
2021, the resolutions before the meeting were passed.
The following proxy votes had been received by the Company in
respect of the resolutions:
Votes Votes
Resolution Votes For % Against % Votes total % ISC withheld*
----------------------------------------------------- ----------- ----- ------- ---- ------------- ----- ----------
To receive the annual accounts, directors' report,
strategic report, directors' remuneration report and
1 auditor's report 203,869,412 99.95 93,551 0.05 203,962,963 36.17 56,943,094
----------------------------------------------------- ----------- ----- ------- ---- ------------- ----- ----------
2 To approve the directors' remuneration report 260,708,127 99.93 187,854 0.07 260,895,981 46.27 10,076
----------------------------------------------------- ----------- ----- ------- ---- ------------- ----- ----------
3 To re-elect Clive Whiley as a director 260,759,725 99.95 138,544 0.05 260,898,269 46.27 7,788
----------------------------------------------------- ----------- ----- ------- ---- ------------- ----- ----------
4 To re-elect Andrew Cook as a director 260,763,811 99.95 136,820 0.05 260,900,631 46.27 5,426
----------------------------------------------------- ----------- ----- ------- ---- ------------- ----- ----------
5 To re-elect Gillian Kent as a director 260,770,556 99.95 133,261 0.05 260,903,817 46.27 2,240
----------------------------------------------------- ----------- ----- ------- ---- ------------- ----- ----------
6 To re-elect Mark Newton-Jones as a director 260,750,617 99.94 151,700 0.06 260,902,317 46.27 3,740
----------------------------------------------------- ----------- ----- ------- ---- ------------- ----- ----------
7 To elect Brian Small as a director 260,759,837 99.95 142,360 0.05 260,902,197 46.27 3,860
----------------------------------------------------- ----------- ----- ------- ---- ------------- ----- ----------
8 Re-appoint auditors 260,834,415 99.97 66,964 0.03 260,901,379 46.27 4,678
----------------------------------------------------- ----------- ----- ------- ---- ------------- ----- ----------
9 Auditors remuneration 260,858,104 99.98 43,787 0.02 260,901,891 46.27 4,166
----------------------------------------------------- ----------- ----- ------- ---- ------------- ----- ----------
10 Authority for the directors to allot shares 260,568,545 99.87 333,071 0.13 260,901,616 46.27 4,441
----------------------------------------------------- ----------- ----- ------- ---- ------------- ----- ----------
To authorise political donations by the company and
11 its subsidiaries 260,228,321 99.75 657,789 0.25 260,886,110 46.27 19,947
----------------------------------------------------- ----------- ----- ------- ---- ------------- ----- ----------
12 Authority to disapply pre-emption rights 260,733,467 99.93 170,579 0.07 260,904,046 46.27 2,011
----------------------------------------------------- ----------- ----- ------- ---- ------------- ----- ----------
13 Authority to further disapply pre-emption rights 260,757,057 99.94 147,487 0.06 260,904,544 46.27 1,513
----------------------------------------------------- ----------- ----- ------- ---- ------------- ----- ----------
14 Authority to purchase own shares 260,782,090 99.96 96,961 0.04 260,879,051 46.27 27,006
----------------------------------------------------- ----------- ----- ------- ---- ------------- ----- ----------
Resolutions 12 to 14 were Special Resolutions.
Notes
* A vote withheld is not a vote in law and is not counted in the
calculation of votes 'for' and 'against' each resolution
As at 8 September 2021, the Company's issued share capital and
total voting rights consisted of 563,836,626 ordinary shares each
carrying voting rights. There are no shares in treasury. As a
result, proxy votes representing approximately 46% of the voting
capital were cast for the AGM.
The full text of the resolutions can be found in the Notice of
Meeting on the Company's website, www.mothercareplc.com.
Trading Update
Whilst we still anticipate that the steady state operation of
our existing retail franchise operations, in more normal
circumstances, should exceed annual operating profits of GBP15
million, the Group has continued to be impacted by Covid-19 during
this financial year. For the first 21 weeks of our current
financial year to March 2022 our total retail sales were GBP136
million, generating an adjusted EBITDA of approximately GBP4.0
million representing a significant improvement over the adjusted
EBITDA of GBP2.2 million reported for the year ended 27 March
2021.
Further details:
Investor and analyst enquiries to:
Mothercare plc Email: investorrelations@mothercare.com https://www.globenewswire.com/Tracker?data=AcJd9CRY7e4pioNPsOhT6ThtkGKQgceP2k560GuDwfQXOd7UA41aRcpd8mcZW1ay773xhdidcGU0zu8hVzS41LgiNldEiNi7Sm77I8NVzEL1mEsRbq0mONDAKCPBoLtM
Clive Whiley, Chairman
Andrew Cook, Chief Financial Officer
Numis Securities Limited Tel: 020 7260 1000
(Nominated Advisor & Joint Corporate Broker)
Luke Bordewich
Henry Slater
finnCap (Joint Corporate Broker) Tel: 020 7220 0500
Christopher Raggett
Media enquiries to:
MHP Communications Email: mothercare@mhpc.com https://www.globenewswire.com/Tracker?data=As9GtWIp7uN1gIeh_XuGRT36SPAIMNOgrgRXjHUjevde5GDF5LuJJsWW1aHz_g_Ucbpzg_Apmi2K1I_-hXS2XojNu94vHNlKQYGuIZyLzAw=
Simon Hockridge Tel: 07709 496125
Alistair de Kare-Silver
The trading information contained within this announcement is
deemed by the Company to constitute inside information and upon
publication this inside information is now considered to be in the
public domain.
The person responsible for the release of this announcement is
Lynne Medini, Group Company Secretary.
(END) Dow Jones Newswires
September 09, 2021 06:49 ET (10:49 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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