RNS Number : 6361D
Trifast PLC
10 September 2024
 

Tuesday, 10 September 2024

 

Trifast plc

(Trifast or Company)

 

RESULTS OF VOTING AT THE ANNUAL GENERAL MEETING (AGM)

Trifast announces that at today's AGM, all resolutions put to the Meeting and contained in the Notice of Meeting (NOM) dated 31 July 2024 were duly passed.

 

The result of the Poll is set out below:

 

RESOLUTIONS

Votes for

inc. discretion

%

For

Votes

against

%

against

Total votes

cast

% of Issued share capital

Votes

withheld

ORDINARY RESOLUTIONS

Resolution 1

To consider the Company's Annual Report and Financial Statements and the reports of the Directors and Auditors for the year ended 31 March 2024.

 

104,182,329

 

99.99

 

13,671

 

0.01

 

104,196,000

 

76.55

 

0

Resolution 2

To receive and approve the Directors' Remuneration Report contained in the Annual Report.

 

104,033,571

 

99.86

 

148,239

 

0.14

 

104,181,810

 

76.54

 

14,190

Resolution 3

To receive and approve the Directors' Remuneration Policy contained in the Annual Report.

 

95,724,721

 

91.88

 

8,462,058

 

8.12

 

104,186,779

 

76.54

 

9,221

Resolution 4

To declare a final dividend of 1.20p per ordinary share.

104,193,733

 

100.00

 

2,267

 

0.00

 

104,196,000

 

76.55

 

0.00

Resolution 5

To re-elect

Clive Watson as a Director.

 

102,249,322

 

98.17

 

1,903,678

 

1.83

 

104,153,000

 

76.52

 

43,000

Resolution 6

To re-elect Louis Eperjesi as a Director.

 

102,356,569

 

98.28

 

 

1,796,431

 

1.72

 

104,153,000

 

76.52

 

43,000

Resolution 7

To elect Serena Lang as a Director and Chair.

 

101,197,222

 

97.12

 

2,997,986

 

2.88

 

104,195,208

 

76.55

 

792

Resolution 8

To elect

Iain Percival as a Director.

 

104,140,537

 

99.95

 

54,671

 

0.05

 

104,195,208

 

76.55

 

792

Resolution 9

To elect

Laura Whyte as a Director.

 

104,136,763

 

99.94

 

58,445

 

0.06

 

104,195,208

 

76.55

 

792

Resolution 10

To elect Nicholas Mills as a Director.

 

103,022,413

 

98.91

 

1,131,795

 

1.09

 

104,154,208

 

76.52

 

41,792

Resolution 11

To appoint

BDO LLP as auditor of the Company.

 

104,085,206

 

99.92

 

84,726

 

0.08

 

104,169,932

 

76.53

 

26,068

Resolution 12

To authorise

the Directors to fix the remuneration of the auditor.

 

104,171,914

 

99.99

 

14,234

 

0.01

 

104,186,148

 

76.54

 

9,852

Resolution 13

To allow

the Directors authority to allot shares.

 

86,211,299

 

82.74

 

17,983,023

 

17.26

 

104,194,322

 

76.55

 

1,678

SPECIAL RESOLUTIONS

Resolution 14

To allow

the Directors authority for disapplication of pre-emption rights.

 

86,165,559

 

82.70

 

18,030,441

 

17.30

 

104,196,000

 

76.55

 

0

Resolution 15

In addition to the authority granted in resolution 14, the authority and power conferred on the Directors to allot equity securities or to sell treasury shares.

 

86,150,824

 

82.69

 

18,034,384

 

17.31

 

104,185,208

 

76.54

 

10,792

Resolution 16

To authorise unconditionally the Company to make market purchases of its own shares.

 

104,143,292

 

99.96

 

41,939

 

0.04

 

104,185,231

 

76.54

 

10,769

Resolution 17

That a general meeting other than an Annual General Meeting may be called on not less than 14 clear days' notice.

 

104,009,750

 

99.82

 

186,250

 

0.18

 

104,196,000

 

76.55

 

0

ORDINARY RESOLUTIONS

Resolution 18

To approve the Trifast plc Executive Turnaround Plan

(Turnaround Plan)

 

96,158,193

 

92.31

 

8,012,641

 

7.69

 

104,170,834

 

76.53

 

25,166

Resolution 19

To approve the Trifast plc Equity Incentive Plan

(EIP)

 

86,036,062

 

82.60

 

18,128,030

 

17.40

 

104,164,092

 

76.53

 

31,908

Resolution 20

To approve the Trifast plc Save as You Earn Plan 2024 (SAYE)

 

104,087,251

 

99.92

 

80,175

 

0.08

 

104,167,426

 

76.53

 

28,574

 

Notes:

The AGM was compliant with legal requirements for the AGM in accordance with the Company's Articles of Association.

 

The 'for' vote includes those giving discretion to the Chair. A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution. At 31 July 2024, there were 136,114,675 Trifast plc ordinary shares of 5p each in issue (ISC). Ordinary shareholders are entitled to one vote per share held.

 

As detailed in the NOM dated 31 July 2024, shareholders were able to submit questions regarding the business prior to the Meeting via the Company Secretariat Office. No questions relating to the Resolutions were submitted ahead of the AGM by shareholders.

 

During the AGM, questions were put to the Board from the room and via the viewing platform Investor Meet Company (IMC). These are contained within the recording of the event.  Post the meeting, further questions were received, and responses to these have also been added to the Q&A section on the Company's IMC portal.  This event will be uploaded to the Company website in due course.

 

The 2024 Annual Report and Financial Statements together with ancillary documents are available to view and download from the Company's website. In accordance with Listing Rule 9.6.1,these will also be submitted to the FCA document viewing facility: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

In accordance with Listing Rule 9.6.2R, a copy of the resolutions passed as Special Business at the AGM will also be submitted to the document viewing facility at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.  This information can also be found on the Company's website at Trifast plc | Shareholder meetings (trfastenings.com).

 

Total Voting Rights

For the purposes of the Financial Conduct Authority's ("FCA") Disclosure and Transparency Rules, the total number of ordinary shares of 5p each of the Company ("Ordinary Shares") in issue as at today's date, is 136,114,675 Ordinary Shares. The Company does not hold any Ordinary Shares in Treasury. Therefore, the total number of Ordinary Shares carrying voting rights in the Company is 136,114,675. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the FCA's Disclosure and Transparency Rules.

 

Dividend

Following approval by shareholders, a final dividend of 1.20p will be paid on 11 October 2024 to Members on the register at the close of business on 13 September 2024. The ordinary shares will become ex-dividend on 12 September 2024.

 

 

 

Enquiries to

Christopher Morgan, Company Secretary

Trifast plc

Office: +44 (0) 1825 747630

Email: Companysecretariat@trifast.com


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