18 May 2023
Safestyle UK plc
("Safestyle" or the "Group")
Result of 2023 Annual General Meeting
Safestyle UK plc (AIM: SFE), the leading UK focused retailer and manufacturer of PVCu replacement windows and doors for the homeowner market, is pleased to announce that all of the resolutions set out in the Notice of AGM were passed by the requisite majority at the Group's AGM, held earlier today.
Details of the proxy votes received by the Group are as follows:
|
| For | Against | Total Votes | Withheld | ||
|
| No. of votes | % | No. of votes | % | No. of votes | No. of votes |
| 1. To receive the Annual Report and Accounts | 96,519,056 | 100.00 | - | - | 96,519,056 | - |
| 2. To approve the directors' remuneration report | 65,869,662 | 68.58 | 30,173,201 | 31.42 | 96,042,863 | 476,193 |
| 3. To approve a final dividend | 96,513,715 | 99.99 | 4,148 | 0.01 | 96,517,863 | 1,193 |
| 4. To re-appoint Rob Neale | 96,518,397 | 100.00 | - | - | 96,518,397 | 659 |
| 5. To re-appoint Fiona Goldsmith | 96,468,656 | 99.95 | 49,741 | 0.05 | 96,518,397 | 659 |
| 6. To re-appoint Michelle Williams | 92,053,397 | 95.37 | 4,465,000 | 4.63 | 96,518,397 | 659 |
| 7. To re-appoint Phil Joyner | 96,518,397 | 100.00 | - | - | 96,518,397 | 659 |
| 8. To re-appoint Grant Thornton UK LLP as auditors | 96,516,592 | 99.99 | 2,464 | 0.01 | 96,519,056 | - |
| 9. To authorise the directors to determine the remuneration of the auditors | 96,519,056 | 100.00 | - | - | 96,519,056 | - |
| 10. To authorise the Directors to allot relevant securities | 96,017,204 | 99.48 | 500,659 | 0.52 | 96,517,863 | 1,193 |
| 11. To authorise the Group to hold any shares in the capital of the Group as treasury shares | 96,518,397 | 99.99 | 659 | 0.01 | 96,519,056 | - |
| 12. To grant a limited disapplication of the statutory pre-emption rights* | 96,017,863 | 99.48 | 500,000 | 0.52 | 96,517,863 | 1,193 |
| 13. To authorise the Group to make market purchases of its own ordinary shares* | 96,519,056 | 100.00 | - | - | 96,519,056 | - |
*Special resolution
The Board notes that more than 20% of votes were cast against resolution 2. The Board takes these votes very seriously and will continue to engage with shareholders and shareholder advisory bodies as appropriate to ensure their feedback informs the Company's future approach to these matters.
Notes:
1. Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution.
2. Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.
3. 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".
4. The number of shares in issue on 18 May 2023 was 138,867,384 with no shares in treasury.
5. 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 Group's website at http://www.safestyleukplc.co.uk/investor-relations/reports-and-presentations.
Enquiries:
| Safestyle UK plc Rob Neale, Chief Executive Officer Phil Joyner, Chief Financial Officer
| via FTI Consulting |
| Zeus (Nominated Adviser & Joint Broker) Dan Bate / James Edis (Investment Banking) Dominic King (Corporate Broking)
| Tel: 0203 829 5000 |
| Liberum Capital Limited (Joint Broker) Jamie Richards / William King
| Tel: 0203 100 2100 |
| FTI Consulting (Financial PR) Alex Beagley / Sam Macpherson / Amy Goldup
| Tel: 0203 727 1000 |
About Safestyle UK plc
The Group is the leading retailer and manufacturer of PVCu replacement windows and doors to the UK homeowner market. For more information please visit www.safestyleukplc.co.uk or www.safestyle-windows.co.uk.
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