RNS Number : 2005A
Topps Tiles PLC
18 January 2024

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

For immediate release

18 January 2024

Topps Tiles Plc

Result of AGM

Topps Tiles Plc (the "Company"), the UK's leading tile specialist, announces that at its Annual General Meeting (the "AGM") held earlier today, all of the Resolutions proposed (1 -12), save for one (Resolution 13), were duly passed by the requisite majority on a poll.

The full text of each resolution is contained in the 2024 Notice of AGM which is available on the Company's website www.toppsgroup.com.

The following table shows the total number of votes cast for each Resolution:

Resolution

VOTES FOR

VOTES AGAINST

VOTES TOTAL

WITHHELD

Number of votes

%

Number of votes

%

Number of votes

% of ISC

1

Approval of the Company's annual report and accounts

159,914,063

99.99%

8,494

0.01%

159,922,557

81.31%

21,558

2

Declaration of a final dividend

159,937,121

100.00%

6,994

0.00%

159,944,115

81.32%

0

3

Approval of the directors' remuneration report

101,269,664

63.33%

58,641,565

36.67%

159,911,229

81.30%

32,886

4

Election of Paul Forman as a director

159,886,513

99.98%

35,124

0.02%

159,921,637

81.31%

22,478

5

Re-election of Robert Parker as a director

101,315,684

99.97%

34,804

0.03%

101,350,488

51.53%

58,593,627

6

Re-election of Stephen Hopson as a director

159,884,029

99.98%

36,108

0.02%

159,920,137

81.31%

23,978

7

Re-election of Keith Down as a director

158,399,159

99.05%

1,521,097

0.95%

159,920,256

81.31%

23,859

8

Re-election of Diana Breeze as a director

100,151,008

62.63%

59,756,964

37.37%

159,907,972

81.30%

36,143

9

Re-election of Kari Daniels as a director

158,720,437

99.26%

1,187,535

0.74%

159,907,972

81.30%

36,143

10

Re-appointment of Mazars LLP as auditor

159,909,799

99.99%

11,758

0.01%

159,921,557

81.31%

22,558

11

Authorisation of the auditor's remuneration

159,911,209

99.99%

11,758

0.01%

159,922,967

81.31%

21,148

12

Directors' authority to allot shares

100,358,821

62.75%

59,585,294

37.25%

159,944,115

81.32%

0

13

Directors' authority to purchase shares

101,359,797

63.37%

58,581,121

36.63%

159,940,918

81.32%

3,197

Notes

1. Any proxy appointments which gave discretion to the Chairman have been included in the "Total votes for" total.

2. A "Vote Withheld" is not a valid vote in English law and was not counted in the calculation of the proportion of the votes "For" or "Against" a Resolution.

3. As at the date of the AGM the issued share capital of the Company was 196,681,818 ordinary shares of 3.33 pence each.

The Board would like to thank shareholders for their engagement and support ahead of the AGM and throughout the year. Whilst the majority of the Resolutions were passed with majorities in excess of 50%, the Board notes that Resolution 3 (Approval of the director's remuneration report), Resolution 8 (Re-election of Diana Breeze as director) and Resolution 12 (Director's authority to allot shares), passed with a majority of less than 80% (receiving votes in favour of 63.33%, 62.63% and 62.75% respectively) and Resolution 13 (authority to purchase shares) failed to pass, receiving votes in favour of 63.37%.

In accordance with provision 4 of the UK Corporate Governance Code (the "Code"), the Board confirms that it will consult and engage with the relevant shareholders to understand and discuss their views with respect to these Resolutions. An update will be provided within six months of the AGM, in accordance with the Code.

These results will shortly be available on the Company's website at www.toppsgroup.com and, in accordance with Listing Rule 9.6.2, copies of the Resolutions that were passed at the meeting and that do not constitute ordinary business at an annual general meeting will be submitted to the National Storage Mechanism and will shortly be available for inspection at www.data.fca.org.uk.

Enquiries:

Topps Tiles Plc


Joanne Steer, Company Secretary

0116 282 8000



Citigate Dewe Rogerson


Kevin Smith / Ellen Wilton

020 7638 9571

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