TIDMQED
RNS Number : 8205U
Quadrise PLC
27 November 2023
27 November 2023
Quadrise plc
("Quadrise", or "Company")
Result of Annual General Meeting
Quadrise plc (AIM: QED) announces that at its Annual General
Meeting held earlier today ("AGM"), all resolutions set out in the
Notice of AGM were passed on a poll.
Resolutions 1 to 6 were passed as Ordinary Resolutions and
Resolutions 7 and 8 were passed as Special Resolutions. The
following table sets out the votes cast on each resolution:
Resolution For % Against % Withheld
1 202,255,266 99.64% 720,593 0.36% 441,535
------------- ------- --------------- ------- ----------------
2 157,172,058 89.21% 19,013,711 10.79% 27,231,625
------------- ------- --------------- ------- ----------------
3 136,758,513 67.80% 64,938,710 32.20% 1,720,171
------------- ------- --------------- ------- ----------------
4 197,877,167 97.54% 4,985,172 2.46% 555,055
------------- ------- --------------- ------- ----------------
5 186,573,456 99.10% 1,693,282 0.90% 15,150,656
------------- ------- --------------- ------- ----------------
6 172,919,923 96.65% 5,997,683 3.35% 24,499,788
------------- ------- --------------- ------- ----------------
7 156,734,003 87.02% 23,381,532 12.98% 23,301,859
------------- ------- --------------- ------- ----------------
8 156,719,127 80.93% 36,928,964 19.07% 9,769,303
------------- ------- --------------- ------- ----------------
Note: A vote "Withheld" is not a vote in law and is not counted
in the calculation of the proportion of the votes "For" and
"Against" shown.
While the Board is pleased that the majority of resolutions were
carried with large majorities, it notes that resolution 3, to
re-appoint Dilip Shah who is to retire by rotation under the
Articles, received c.32% of votes against. The Board is committed
to continuing our engagement with shareholders to understand the
views of those who voted against resolution 3 and will consult with
them over the next few months to listen carefully to feedback and
determine any next steps. In accordance with the UK Corporate
Governance Code, a further statement will be published detailing
the outcome of the shareholder engagement, including any actions
taken as a result, within six months and a final summary will be
included in the Company's 2024 Annual Report.
For further information, please contact:
Quadrise Plc +44 (0)20 7031 7321
Andy Morrison, Chairman
Jason Miles, Chief Executive Officer
Nominated Adviser
Cavendish Capital Markets Limited +44 (0)20 7220 0500
Ben Jeynes
Katy Birkin
Joint Brokers
Shore Capital Stockbrokers Limited +44 (0)20 7408 4090
Toby Gibbs, Rachel Goldstein (Corporate Advisory)
Fiona Conroy (Corporate Banking)
VSA Capital Limited +44 (0)20 3005 5000
Andrew Raca (Corporate Finance)
Andrew Monk (Corporate Banking)
Public & Investor Relations
Vigo Consulting +44 (0)20 7390 0230
Patrick D'Ancona
Finlay Thomson
About Quadrise
Quadrise is the supplier of MSAR(R) and bioMSAR(TM) emulsion
technology, fuels and biofuels, providing innovative solutions to
reduce energy costs and greenhouse gas emissions today for clients
in the global power generation, shipping, industrial and refining
industries.
Learn more at: www.quadrise.com
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END
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November 27, 2023 12:46 ET (17:46 GMT)
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