RNS Number : 7161R
Distil PLC
07 July 2022
 

Distil plc

 

Result of Annual General Meeting

 

The Annual General Meeting of Distil plc was held at the offices of Turner Pope Investments (TPI) Limited, 8 Frederick's Place, London, EC2R 8AB on 7 July 2022 at 11:00 a.m.

 

All 6 resolutions put to shareholders were passed on a poll. Resolutions 1 to 5 were passed as ordinary resolutions and resolution 6 was passed as a special resolution.

 

The proxy votes cast by or on behalf of shareholders on each resolution, which are set out in summary, are set out below.

 

Resolution

FOR

%

AGAINST

%

WITHHELD

Resolution 1 (Ordinary)

That the annual report and the financial statements for the year ended 31 March 2022, together with the report of the auditors thereon, be received

223,675,793

99.99

30,000

0.01

34,000

Resolution 2 (Ordinary)

That PKF Littlejohn LLP be appointed as auditor of the Company to hold office until the conclusion of the next annual general meeting at which accounts are laid before the Company and their remuneration be determined by the directors.

223,703,310

99.98

36,483

0.02

0

Resolution 3 (Ordinary)

That Don Goulding be re-elected as a Director of the Company.

223,193,106

99.98

34,000

0.02

512,687

Resolution 4 (Ordinary)

That Michael Keiller be elected as a Director of the Company.

223,703,310

99.98

34,000

0.02

2,483

Resolution 5 (Ordinary)

To authorise the directors to allot relevant securities pursuant to Section 551 of the Act

223,183,818

99.75

555,975

0.25

0

Resolution 6 (Special)

To authorise the Directors to allot a limited number of shares for cash free of pre-emption rights contained in Section 561 of the Act.  

 

170,026,519

75.99

53,713,276

24.01

0

 

In relation to Resolution 6, while shareholders approved the resolution to disapply a limited number of pre-emption rights, with 75.99% votes cast in favour, the Company recognises that some shareholders have concerns on this matter. The Company will further engage with shareholders to ensure shareholder views are fully understood.

As at 7 July 2022, there were 684,399,579 ordinary shares in issue. Shareholders are entitled to one vote per share. Votes withheld are not votes in law and so have not been included in the calculation of the proportion of votes for and against a resolution.

 

For further information:

 

Distil PLC                                                                                                  +44 207 352 2096

Don Goulding, Executive Chairman                                                         

Shaun Claydon, Finance Director

 

SPARK Advisory Partners Limited (NOMAD)                                    +44 20 3368 3550

Neil Baldwin

Mark Brady

 

Turner Pope Investments (TPI) Ltd (Broker)                                    +44 203 657 0050

Andy Thacker

James Pope

 

 

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