Driver Group Plc
("Driver Group", "Driver" or the "Company")
Result of Annual General Meeting
The Annual General Meeting of Driver Group Plc was held at 125 Old Broad Street, London, EC2N 1AR, United Kingdom on Tuesday, 5 March 2024 at 11:00 a.m.
All 11 resolutions put to members were passed on a poll. Resolutions 1 to 8 were passed as ordinary resolutions and resolutions 9 to 11 were passed as special resolutions.
At the AGM, shareholders approved the proposed change of name to Diales Plc which is expected to come into effect during H2 FY24. Further details regarding the Company's change of name, including the new ticker code, and updated website address, containing the information required to be published pursuant to Rule 26 of the AIM Rules for Companies, will be announced in due course.
The number of votes cast for and against each of the resolutions proposed, and the number of votes withheld were as follows:
| Resolution | Votes for | % | Votes against | % | Votes withheld |
| Resolution 1 (Ordinary) To receive the reports of the Directors and the Financial Statements for the year ended 30 September 2023. | 34,495,996 | 97.90 | 738,194 | 2.10 | 3,438 |
| Resolution 2 (Ordinary) To declare a final dividend for the year ended 30 September 2023 of 0.75p per share. | 35,206,190 | 99.92 | 28,000 | 0.08 | 3,438 |
| Resolution 3 (Ordinary) To re-elect Mark Wheeler as a Director. | 34,031,190 | 96.59 | 1,203,000 | 3.41 | 3,438 |
| Resolution 4 (Ordinary) To re-elect John Mullen as a Director. | 32,404,254 | 91.97 | 2,829,936 | 8.03 | 3,438 |
| Resolution 5 (Ordinary) To elect Shaun Smith as a Director. | 34,031,190 | 96.59 | 1,203,000 | 3.41 | 3,438 |
| Resolution 6 (Ordinary) To re-appoint Kreston Reeves LLP as auditor of the Company to hold office until the conclusion of the next general meeting at which accounts are laid before the Company. | 35,110,956 | 99.92 | 28,234 | 0.08 | 98,438 |
| Resolution 7 (Ordinary) To authorise the Directors to determine the fees payable to the auditor. | 35,111,190 | 99.92 | 28,000 | 0.08 | 98,438 |
| Resolution 8 (Ordinary) To authorise the directors to allot shares in the Company up to an aggregate nominal amount of £70,147.63. | 34,025,501 | 96.83 | 1,113,689 | 3.17 | 98,438 |
| Resolution 9 (Special) To disapply pre-emption rights in the circumstances set out in the Notice of AGM. | 34,016,624 | 96.81 | 1,122,566 | 3.19 | 98,438 |
| Resolution 10 (Special) To authorise the Company generally and unconditionally to make market purchases in the circumstances set out in the notice of AGM. | 34,122,058 | 96.84 | 1,112,132 | 3.16 | 3,438 |
| Resolution 11 (Special) That the registered name of the Company be changed to Diales Plc. | 34,077,058 | 96.84 | 1,112,132 | 3.16 | 48,438 |
As at Tuesday, 5 March 2024, there were 53,962,868 ordinary shares in issue, of which 1,352,140 are held in treasury. Therefore, the total number of Ordinary Shares carrying voting rights in Driver is 52,610,728. Shareholders are entitled to one vote per share. Votes withheld are not votes in law and so have not been included in the calculation of the proportion of votes for and against a resolution.
The full text of each resolution is available in the Notice of Annual General Meeting, published on our website.
ENDS
Enquiries:
| Driver Group plc | 020 7377 0005 |
| Mark Wheeler (CEO) | |
| Charlotte Parsons (CFO) | |
| | |
| Singer Capital Markets (Nomad & Broker) | 020 7496 3000 |
| Sandy Fraser | |
| Jen Boorer | |
| | |
| Acuitas Communications | 020 3745 0293 / 07799 767676 |
| Simon Nayyar | simon.nayyar@acuitascomms.com |
| Arthur Dingemans | arthur.dingemans@acuitascomms.com |
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