13 October 2023
Loungers plc
("Loungers" or "the Company")
Result of the Annual General Meeting ("AGM")
The Board is pleased to announce that all of the resolutions put to shareholders at today's AGM were passed by means of a poll, including the ordinary resolutions (1 to 7) and special resolutions (resolutions 8 to 11) set out in the Company's notice of AGM dated 1 September 2023.
The final voting figures are shown below.
| Resolution | Total Votes Cast | For (*) | Against | Withheld | ||
| Number | % | Number | % | |||
| 1: To receive the Company's audited accounts together with the reports thereon of the Directors and auditors | 91,260,682
| 91,259,752 | 100.00% | 0 | 0.00% | 930 |
| 2: To re-elect Alexander Reilley as a Director | 91,260,682 | 91,258,212 | 100.00% | 1,500 | 0.00% | 970 |
| 3: To re-elect Nicholas Backhouse as a Director | 91,260,682 | 85,324,016 | 95.52% | 3,999,751 | 4.48% | 1,936,915 |
| 4: To re-elect Robert Darwent as a Director | 91,260,682 | 83,721,903 | 93.73% | 5,601,864 | 6.27% | 1,936,915 |
| 5: To re-appoint PricewaterhouseCoopers LLP as auditors of the Company | 91,260,682 | 91,256,357 | 100.00% | 2,825 | 0.00% | 1,500 |
| 6: To authorise the Audit Committee to set the auditors' remuneration | 91,260,682 | 91,258,252 | 100.00% | 1,500 | 0.00% | 930 |
| 7: To authorise the Directors to allot shares | 91,260,682 | 82,796,099 | 90.73% | 8,463,617 | 9.27% | 966 |
| 8: To authorise the Directors to disapply statutory pre-emption rights in respect of 10% of the Company's issued share capital | 91,260,682 | 82,834,334 | 90.77% | 8,425,382 | 9.23% | 966 |
| 9: To authorise the Directors to disapply statutory pre-emption rights in respect of an additional 10% of the Company's issued share capital | 91,260,682 | 82,834,451 | 90.77% | 8,425,265 | 9.23% | 966 |
| 10. To authorise the Company to buy back shares | 91,260,682 | 91,260,646 | 100.00% | 0 | 0.00% | 36 |
| 11. That a general meeting, other than an AGM, may be called on not less than 14 clear days' notice. | 91,260,682 | 91,228,382 | 99.97% | 31,300 | 0.03% | 1,000 |
(*) = Includes discretionary votes
The total number of Ordinary 1p shares in issue, excluding the 195,000 treasury shares as at the date of the AGM, was 103,705,642. The Company's Articles of Association set out that every member who is present in person or by proxy shall have one vote for every share of which he is the holder on a poll.
For further information please contact:
|
Loungers plc Nick Collins, Chief Executive Officer Gregor Grant, Chief Financial Officer
| Via Powerscourt |
| Houlihan Lokey UK Limited (Financial Adviser and NOMAD) Sam Fuller / Tim Richardson
| Tel: +44 (0) 20 7839 3355 |
|
| |
| Powerscourt (Financial Public Relations) Rob Greening / Nick Hayns /Elizabeth Kittle
| Tel: +44 (0) 207 250 1446 |
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