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

1         

To receive the 2022 Annual Report

2,804,600

100

0

0

0

2         

To approve a final property income distribution of 33p per share on the ordinary shares of the Company

2,804,600

100

0

0

0

3         

To approve the directors' remuneration report

2,781,011

99.16

23,589

0.84

0

4         

To approve the directors' remuneration policy

2,781,011

99.16

23,589

0.84

0

5         

To re-elect Charles 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

7         

To re-elect Roberta 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

12         

Authority for reduced notice of a general meeting other than an 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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