Friday 15 September 2023
Trifast plc
(Trifast or Company)
Leading international specialists in the engineering, manufacture, and distribution
of high quality industrial fastenings and Category 'C' components principally to major global assembly industries
RESULTS OF VOTING AT THE ANNUAL GENERAL MEETING (AGM)
Trifast plc ('the Company') announces that at today's AGM, all resolutions* put to the Meeting and contained in the Notice of Meeting (NOM) dated 18 July 2023, and previously members on the register, were duly passed.
The result of the Poll is set out below:
| RESOLUTIONS | VOTES FOR | % | VOTES AGAINST | % | VOTES TOTAL | % of ISC | VOTES WITHELD |
| ORDINARY RESOLUTIONS |
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| Resolution 1 To consider the Company's Annual Report and Financial Statements and the reports of the Directors and Auditors for the year ended 31 March 2023.
| 98,216,740 | 100.00% | 504 | 0.00% | 98,217,244 | 72.16% | 8,935 |
| Resolution 2 To receive and approve the Directors' Remuneration Report contained in the Annual Report.
| 78,382,028 | 79.99% | 19,605,842 | 20.01% | 97,987,870 | 71.99% | 238,309 |
| Resolution 3 To receive and approve the Directors' Remuneration Policy contained in the Annual Report.
| 78,652,403 | 80.23% | 19,380,051 | 19.77% | 98,032,454 | 72.03% | 193,725 |
| Resolution 4 To declare a final dividend of 1.50p per share.
| 98,226,179 | 100.00% | 0 | 0,00% | 98,226,179 | 72.17% | 0 |
| Resolution 6 To re-elect Scott Mac Meekin as a Director.
| 98,011,457 | 99.79% | 202,422 | 0.21% | 98,213,879 | 72.16% | 12,300 |
| Resolution 7 To re-elect Clive Watson as a Director. | 97,238,189 | 99.06% | 922,690 | 0.94% | 98,160,879 | 72.12% | 65,300 |
| Resolution 8 To re-elect Claire Balmforth as a Director.
| 78,778,211 | 80.25% | 19,384,603 | 19.75% | 98,162,814 | 72.12% | 63,365 |
| Resolution 9 To elect Darren Hayes-Powell as a Director. | 98,143,020 | 99.93% | 63,859 | 0.07% | 98,206,879 | 72.16% | 19,300 |
| Resolution 10 To elect Louis Eperjesi as a Director.
| 98,018,457 | 99.99% | 10,011 | 0.01% | 98,028,468 | 72.02% | 197,711 |
| Resolution 11 To appoint BDO LLP as auditor of the Company to hold office until the next general meeting. | 98,207,478 | 100% | 2,498 | 0.00% | 98,209,976 | 72.16% | 16,203 |
| Resolution 12 To authorise the Directors to fix the remuneration of the auditor.
| 98,212,706 | 99.99% | 11,538 | 0.01% | 98,224,244 | 72.17% | 1,935 |
| Resolution 13 To allow the Directors authority to allot shares. | 78,884,324 | 80.31% | 19,339,920 | 19.69% | 98,224,244 | 72.17% | 1,935 |
| SPECIAL RESOLUTIONS | | | | | | | |
| Resolution 14 To allow the Directors authority for disapplication of pre-emption rights.
| 79,108,868 | 80.54% | 19,115,376 | 19.46% | 98,224,244 | 72.17% | 1,935 |
| Resolution 15 To allow the Directors authority for disapplication of pre-emption rights for an acquisition or capital investment. | 79,173,436 | 80.60% | 19,050,808 | 19.40% | 98,224,244 | 72.17% | 1,935 |
| Resolution 16 To authorise the Company to make market purchases of its own shares. | 97,150,483 | 99.94% | 57,502 | 0.06% | 97,207,985 | 71.42% | 1,018,194 |
| Resolution 17 That a general meeting other than an Annual General Meeting may be called on not less than 14 clear days' notice.
| 97,298,474 | 99.06% | 919,294 | 0.94% | 98,217,768 | 72.16% | 8,411 |
Voting
*Following the Company's announcement on 10 August 2023 regarding the Directorate change, Resolution 5 was withdrawn and therefore did not require a vote by Members.
Dividend
Following approval by shareholders, a final dividend of 1.50p will be paid on 13 October 2023 to Members on the register at the close of business on 29 September 2023. The ordinary shares will become ex-dividend on 28 September 2023.
Enquiries to
Christopher Morgan, Company Secretary
Trifast plc
Office: +44 (0) 1825 747630
Email: Companysecretariat@trifast.com
Notes:
The AGM was compliant with legal requirements for the AGM in accordance with the Company's Articles of Association.
The 'for' vote includes those giving discretion to the Chair. A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.
As detailed in the NOM, Shareholders were able to submit any questions regarding the business prior to the Meeting via the Company Secretariat Office. No questions relating to the Resolutions were submitted ahead of the AGM by shareholders. Questions were put to the Board from the room and via the viewing platform Investor Meet Company (IMC). These are contained within the recording of the event which will be uploaded to the Company website in due course.
At 15 September 2023 there were 136,104,935 Trifast plc ordinary shares of 5p each in issue (ISC). Ordinary shareholders are entitled to one vote per share held.
The Annual Report together with ancillary documents are available to view and download on the Company's website at Trifast plc | Our reports
The 2023 Annual Report and Financial Statements for the period ended 31 March 2023, together with the Notice of AGM, were also, in accordance with Listing Rule 9.6.1, submitted on to the FCA document viewing facility at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
In accordance with Listing Rule 9.6.2R, a copy of the resolutions passed as Special Business at the AGM will also be submitted to the FCA document viewing facility at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. This information will also be found on the Company's website at Trifast plc | Shareholder meetings
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