23 April 2025
Nichols plc
(the "Company")
Result of Annual General Meeting 2025 ("AGM")
Nichols plc, the diversified soft drinks Group, held its Annual General Meeting at 11:00am today. All resolutions set out in the Company's Notice of Annual General Meeting dated 18 March 2025 were proposed and approved on a poll. The table below shows the results of the poll for each resolution.
| Resolution | For | Against | % of issued share capital voted | Votes withheld | ||
| Number | % | Number | % |
|
| |
| 1: To receive the annual report and accounts for the year ended 31 December 2024. | 13,531,233 | 100.00 | 0 | 0.00 | 37.04% | 1,354 |
| 2: To approve the Directors' Remuneration Report (excluding the Directors' Remuneration Policy) for the year ended 31 December 2024. | 13,321,908 | 98.49 | 204,459 | 1.51 | 37.03% | 6,220 |
| 3: To approve the declaration of a final dividend. | 13,532,503 | 100.00 | 0 | 0.00 | 37.04% | 84 |
| 4: To elect Alan Williams as a director. | 13,527,326 | 99.99 | 1,647 | 0.01 | 37.03% | 3,614 |
| 5: To re-elect Elizabeth McMeikan as a director. | 12,251,312 | 90.55 | 1,278,191 | 9.45 | 37.04% | 3,084 |
| 6: To re-elect Andrew Milne as a director. | 13,527,226 | 99.99 | 1,647 | 0.01 | 37.03% | 3,714 |
| 7: To re-elect John Gittins as a director. | 12,989,315 | 96.01% | 539,150 | 3.99 | 37.03% | 4,122 |
| 8: To re-elect Helen Keays as a director. | 13,161,872 | 97.28 | 367,677 | 2.72 | 37.04% | 3,038 |
| 9. To re-elect John Nichols as a director. | 13,358,199 | 98.72 | 173,796 | 1.28 | 37.04% | 592 |
| 10: To re-elect Matthew Nichols as a director. | 13,357,569 | 98.72 | 173,796 | 1.28 | 37.04% | 1,222 |
| 11: To re-appoint BDO LLP as auditor. | 13,523,435 | 99.94 | 8,038 | 0.06 | 37.04% | 1,114 |
| 12: To authorise the directors to determine the remuneration of the auditor. | 13,528,549 | 99.99 | 978 | 0.01 | 37.04% | 3,060 |
| 13: To authorise the directors to allot shares. | 13,521,068 | 99.93 | 10,005 | 0.07 | 37.04% | 1,514 |
| 14: To authorise the directors to disapply pre-emption rights. | 13,516,111 | 99.91 | 12,108 | 0.09 | 37.03% | 4,368 |
| 15: To authorise the directors to disapply pre-emption rights for acquisitions. | 12,502,936 | 99.90 | 12,961 | 0.10 | 34.26% | 1,016,690 |
| 16. To authorise the Company to buy back shares. | 10,277,488 | 99.91 | 9,382 | 0.09 | 28.16% | 3,245,717 |
1. Any proxy arrangement which gave discretion to the Chair has been included in the "for" totals.
2. A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution.
Enquiries:
| Nichols plc Andrew Milne, Chief Executive Officer David Taylor, Interim Finance Director
| 0192 522 2222 |
| Singer Capital Markets (Nominated adviser and broker) Jen Boorer Oliver Platts | 0207 496 3000
Website: www.singercm.com |
| Berenberg (Joint Broker) Clayton Bush Alix Mecklenburg-Solodkoff | 0203 207 7800
Website: www.berenberg.de
|
| Hudson Sandler (Financial PR) Alex Brennan Hattie Dreyfus Harry Griffiths | 0207 796 4133
Email: nichols@hudsonsandler.com |
Notes to Editors
Established in 1908, Nichols operates within the resilient soft drinks category and owns or licenses several brands. Nichols is geographically and operationally diversified, operating across three routes to market of UK Packaged, International Packaged and Out of Home.
In the UK, Nichols operates across five soft drinks sub-categories: squash, flavoured carbonates, fruit drinks, energy and flavoured water. Nichols' portfolio includes the iconic Vimto brand plus a growing portfolio of licensed brands including Levi Roots, ICEE, SLUSH PUPPiE and Sunkist.
Under its asset-light model, Vimto is prominent in areas such as the Middle East and Africa and is enjoyed in over 60 countries worldwide.
For more information, visit the website: https://www.nicholsplc.co.uk/
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