21 May 2024
GetBusy plc
("GetBusy" or the "Company" or the "Group")
Result of AGM
GetBusy plc (AIM: GETB), a leading provider of productivity software for professional and financial services, announces that, at its AGM held today, all resolutions put to the meeting were duly passed.
The results for each resolution were as follows:
| | | | | | | |
| Resolution number | For | % | Against | % | Vote total | Vote total as % of issued share capital |
| 1 | 24,095,099 | 77.24% | 7,100,000 | 22.76% | 31,195,099 | 61.69% |
| 2 | 31,133,619 | 99.86% | 45,000 | 0.14% | 31,178,619 | 61.65% |
| 3 | 31,133,619 | 99.86% | 45,000 | 0.14% | 31,178,619 | 61.65% |
| 4 | 31,178,619 | 100.00% | 0 | 0.00% | 31,178,619 | 61.65% |
| 5 | 24,033,619 | 77.08% | 7,145,000 | 22.92% | 31,178,619 | 61.65% |
| 6 | 24,033,619 | 77.08% | 7,145,000 | 22.92% | 31,178,619 | 61.65% |
| 7 | 31,195,099 | 100.00% | 0 | 0.00% | 31,195,099 | 61.69% |
| 8 | 31,195,099 | 100.00% | 0 | 0.00% | 31,195,099 | 61.69% |
| 9 | 23,940,099 | 76.74% | 7,255,000 | 23.26% | 31,195,099 | 61.69% |
| 10 | 23,985,099 | 77.16% | 7,100,000 | 22.84% | 31,085,099 | 61.47% |
| 11 | 24,095,099 | 77.24% | 7,100,000 | 22.76% | 31,195,099 | 61.69% |
The Company's largest institutional shareholder, Business Growth Fund ("BGF"), voted against ordinary resolutions 1, 5 and 6 and special resolutions 9, 10 and 11. The board is disappointed that BGF elected to have no engagement with the Company regarding these resolutions prior to casting its votes and notes that BGF is isolated among the Company's shareholders in its decision to vote in this manner. It also notes that special resolutions 9, 10 and 11 are administrative resolutions recognised and recommended within the Pre-Emption Group's Statement of Principles and are considered standard across UK public markets; consequently, the board finds BGF's votes against these resolutions perplexing.
The board continues to follow a strategic path agreed with all other major shareholders, including institutions, other than BGF and remains confident that path is in the long-term interest of all stakeholders.
GetBusy plc
investors@getbusy.com
| Cavendish Capital Markets Limited (Nominated Adviser and Broker) Matt Goode / Charlie Beeson / Trisyia Jamaludin (Corporate Finance) Harriet Ward (ECM)
| +44 (0)20 7220 0500
|
About GetBusy
GetBusy's specialist productivity software solutions enable growing businesses to work securely and efficiently with their customers, suppliers and teams anytime, anywhere. Our solutions can be delivered flexibly across cloud, mobile, hosted and on-premise platforms, whilst integrating seamlessly with a wide variety of other class-leading core business systems.
With over 73,000 paying users and over 3 million collaborators across multiple market sectors and jurisdictions, GetBusy is an established and fast-growing SaaS business delivering sustained double-digit growth in high-quality recurring subscription revenue over the long term.
Further information on the Group is available at www.getbusyplc.com
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