27 March 2024 LEI: 13800ZHXS8G27RM1D97
Titon Holdings Plc
("Titon" or "the Company")
Result of Annual General Meeting
At the Annual General Meeting of the Company held at Titon's premises at Falconer Road, Haverhill, CB9 7XU at 10am on 26 March 2024, all resolutions put to the meeting were passed on a poll.
Details of all votes received via poll cards and proxy voting in respect of each of the resolutions put to the Annual General Meeting are detailed below.
| | RESOLUTIONS | Votes in favour | Percentage in favour | Votes against | Percentage against | Vote withheld |
| 1 | To receive and adopt the reports of the Directors and the Auditors and the audited accounts of the Company for the year ended 30 September 2023. | 4,399,253 | 100.0% | - | 0.0% | 110,000 |
| 2 | To declare a final dividend of 0.5 pence per share on the ordinary shares of the Company. | 4,399,078 | 100.0% | 175 | 0.0% | 110,000 |
| 3 | To re-elect Mr Jamie Brooke as a Director of the Company. | 3,101,793 | 75.2% | 1,024,381 | 24.8% | 110,000 |
| 4 | To re-elect Mr Tyson Anderson as a Director of the Company. | 2,479,512 | 56.4% | 1,919,741 | 43.6% | 110,000 |
| 5 | To re-elect Mr Nicholas Charles Howlett as a Director of the Company. | 4,370,119 | 99.4% | 26,834 | 0.6% | 112,300 |
| 6 | To re-elect Mr Paul Hooper as a Director of the Company. | 4,399,253 | 100.0% | - | 0.0% | 110,000 |
| 7 | To re-elect Mr Jeff Ward as a Director of the Company. | 4,370,219 | 99.4% | 26,734 | 0.6% | 112,300 |
| 8 | To re-appoint MHA as Auditors of the Company and to authorise the Directors to determine their remuneration. | 4,397,456 | 100.0% | 1,797 | 0.0% | 110,000 |
| 9 | To receive and adopt the Directors' Remuneration Report for the year ended 30 September 2023. | 4,387,452 | 100.0% | 1,997 | 0.0% | 119,804 |
| 10 | To give the Directors authority to allot shares. | 3,836,853 | 87.2% | 562,400 | 12.8% | 110,000 |
| 11 | To give the Directors power to allot share for cash otherwise than in accordance with statutory pre-emption rights. | 3,824,076 | 87.0% | 572,877 | 13.0% | 112,300 |
| 12 | To give the Directors power to make market purchases of the Company's own shares. | 4,391,749 | 99.8% | 7,504 | 0.2% | 110,000 |
Notes:
1 Where shareholders have appointed the Chairman of the meeting as their proxy, with discretion as to voting, those votes have been cast in favour of all resolutions.
2 A 'vote withheld' is not counted when deciding whether a resolution is passed.
3 The total number of Ordinary Shares in issue on 26 March 2024 was 11,248,750.
While the Board is pleased that the majority of resolutions were carried with large majorities, it notes that resolutions 3 and 4 each received more than 20 per cent of votes cast against. The Board is committed to on-going engagement with shareholders and will consult with those that voted against to understand their views and feedback.
For further information please contact:
| Titon Holdings Plc Jamie Brooke, Non-Executive Chair
|
Tel: +44 (0)7715 603587 |
| Carolyn Isom, Chief Financial Officer | Tel: +44 (0)7496 237543 |
|
Shore Capital - Nominated Adviser and Broker Daniel Bush Tom Knibbs |
Tel: +44 (0)20 7408 4090 |
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