RNS Number : 8984X
Vp PLC
25 July 2024
 

 

Company Number: 00481833                                                                                                                   25 July 2024

 

 

Vp plc

 

Results of Annual General Meeting

 

 

Vp plc (the "Company") announces that at its Annual General Meeting ("AGM") held today, all resolutions set out in the notice of the AGM were passed by the requisite majority of votes by shareholders by way of a poll.

 

The full text of the resolutions proposed at the AGM is included in the Company's Notice of AGM published on 25 June 2024, which is available on the Investors section of the Company's website at https://www.vpplc.com/investors/.

 

The results of the poll for each resolution were as follows:

 


VOTES FOR

%

VOTES AGAINST

%

TOTAL SHARES VOTED

% OF ISSUED SHARE CAPITAL VOTED

VOTES WITHHELD

ORDINARY RESOLUTIONS








1. To receive the Company's financial statements and the reports of the Directors together with the Auditor's Report for the year ended 31 March 2024

32,561,824

100.00%

1,500

0.00%

32,563,324

81.10%

-

2. To declare a final dividend of 27.5 pence per ordinary share

32,563,324

100.00%

-

0.00%

32,563,324

81.10%

-

3. To re-elect Jeremy Pilkington as a Director

30,830,950

94.68%

1,732,124

5.32%

32,563,074

81.09%

250

4. To re-elect Anna Bielby as a Director

32,238,812

99.00%

324,012

1.00%

32,562,824

81.09%

500

5. To re-elect Phil White as a Director

28,085,124

86.25%

4,477,700

13.75%

32,562,824

81.09%

500

6. To re-elect Mark Bottomley as a Director

32,484,699

99.76%

78,125

0.24%

32,562,824

81.09%

500

7. To re-elect Stuart Watson as a Director

32,162,564

99.76%

78,125

0.24%

32,240,689

80.29%

322,635

8. To elect Keith Winstanley as a Director

32,561,074

99.99%

2,000

0.01%

32,563,074

81.09%

250

9. To re-appoint PricewaterhouseCoopers LLP as auditor of the Company

32,514,075

99.85%

48,749

0.15%

32,562,824

81.09%

500

10. To authorise the directors to determine the auditor's remuneration

32,561,224

100.00%

1,600

0.00%

32,562,824

81.09%

500

11. To approve the Directors' Remuneration Report

32,537,682

99.93%

21,765

0.07%

32,559,447

81.09%

3,877

SPECIAL RESOLUTIONS








12. To authorise the Company to purchase its own shares

32,338,726

99.32%

222,443

0.68%

32,561,169

81.09%

2,155

13. To approve the calling of a general meeting other than an annual general meeting on not less than 14 clear days' notice

32,503,035

99.82%

59,789

0.18%

32,562,824

81.09%

500

14. To adopt new Articles of Association

32,560,447

99.99%

1,877

0.01%

32,562,324

81.09%

900

ADDITIONAL ORDINARY RESOLUTION








15. To authorise the Company to use electronic communications

32,550,244

99.99%

3,912

0.01%

32,554,156

81.07%

9,168

Ackers P Investment Company Limited (a company of which Jeremy Pilkington is a director of) is regarded as a controlling shareholder of the Company for the purposes of the Listing Rules, and each resolution to re-elect independent non-executive directors (resolutions 5, 6 and 7) have under Listing Rule 9.2.2E been approved by a majority of the votes cast by:

(i)         the shareholders of the Company as a whole; and 

(ii)         the independent shareholders of the Company, that is, all the shareholders entitled to vote on each resolution excluding the controlling shareholder.

Votes cast by shareholders excluding the controlling shareholder are shown below:

RESOLUTION

VOTES FOR

%

VOTES AGAINST

%

TOTAL SHARES VOTED

% OF ISSUED SHARE CAPITAL VOTED

VOTES WITHHELD

5. To re-elect Phil White as a Director

7,903,713

63.84%

4,477,700

36.16%

12,381,413

30.83%

500

 

6. To re-elect Mark Bottomley as a Director

12,303,288

99.37%

78,125

0.63%

12,381,413

30.83%

500

 

7. To re-elect Stuart Watson as a Director

11,981,153

99.35%

78,125

0.65%

12,059,278

30.03%

322,635

 

Notes:

1.         All resolutions were passed.

 

2.         Any proxy appointments giving discretion to the Chairman of the AGM have been included in the "For" total.

 

3.         Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.

 

4.         A vote "Withheld" is not a vote in law and is not counted in the calculation of percentage of shares voted  "For" or "Against" any resolution nor in the calculation of the "% of issued share capital voted" for any resolution.

 

5.         The Company's total of ordinary shares in issue (total voting rights) on 24 June 2024, being the time at which a person had to be registered in the Company's register of members in order to vote at the AGM, was 40,154,253 ordinary shares of 5 pence each. Ordinary shareholders are entitled to one vote per ordinary share held.

 

6.         The total number of ordinary shares held by shareholders excluding the controlling shareholder on 24 June 2024 was 19,972,842.

 

7.         In accordance with paragraph 9.6.2 of the Listing Rules, a copy of the resolutions passed at the AGM will shortly be submitted to the National Storage Mechanism and will be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

8.         A copy of this announcement will be available on the Company's website at https://www.vpplc.com/investors/.

Sarah (Sally) Jones, Company Secretary
Vp plc

25 July 2024

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