TIDMALU

RNS Number : 8526P

Alumasc Group PLC

21 October 2021

21 October 2021

The Alumasc Group plc

("Alumasc", "Group" or the "Company")

DIRECTORATE CHANGE AND RESULTS OF AGM

Alumasc, the premium building products, systems and solutions group, announces that at the Annual General Meeting held earlier today at Station Road, Burton Latimer, Northamptonshire, NN15 5JP, all resolutions put to shareholders were duly passed. Full voting details are set out below.

Resolution 4 was withdrawn from today's AGM agenda following Jon Pither's decision not to seek re-election on health grounds. On this basis Jon has stepped down from the board with immediate effect.

Commenting on this John McCall, Group Chairman, said:

"Jon has been a Non-Executive Director of Alumasc for 29 years and has seen the company through many phases of public life. His contribution in both good and difficult times has been immense and his support unhesitating. His exceptional breadth of experience has enabled him to engage in all aspects of Alumasc business and development and his business sense has been greatly valued. He leaves Alumasc in a position of strength that owes a major debt to his input and governance. His colleagues at Alumasc warmly wish him a very happy retirement."

The results of the meeting on a poll were as follows:

 
 
                                  VOTES       % OF      VOTES       % OF        VOTES       TOTAL VOTES 
                                    FOR       VOTES     AGAINST     VOTES     WITHHELD(1)     VALIDLY 
                                               FOR                 AGAINST                      CAST 
     ------------------------  -----------  --------  ---------  ---------  -------------  ------------ 
      To receive the 
       reports of the 
       Directors and 
       Auditor and 
       the accounts 
       for the year 
       ended 30 June 
 1     2021                     16,397,422   100.00%   246        0.00%      9,859          16,397,668 
     ------------------------  -----------  --------             ---------                 ------------ 
      To receive the 
       report of the 
       Remuneration 
       Committee for 
       the year ended 
 2     30 June 2021             16,383,262   99.88%    20,011     0.12%      4,254          16,403,273 
     ------------------------  -----------  --------             ---------                 ------------ 
      To declare a 
       final dividend 
       of 6.25 pence 
 3     per share                16,407,273   100.00%   0          0.00%      254            16,407,273 
     ------------------------  -----------  --------             ---------                 ------------ 
 4    To re-elect 
       Jon Pither as 
       a Director                                        Resolution Withdrawn 
     ------------------------  ------------------------------------------------------------------------ 
      To elect Simon 
 5     Dray as a Director       16,367,876   99.79%    34,371     0.21%      5,280          16,402,247 
     ------------------------  -----------  --------             ---------                 ------------ 
      To re-appoint 
       BDO LLP as Auditor 
       of the Company 
       to hold office 
       until the conclusion 
       of the next 
 6     AGM                      16,394,228   99.94%    9,881      0.06%      3,418          16,404,109 
     ------------------------  -----------  --------             ---------                 ------------ 
      That the Audit 
       Committee be 
       authorised to 
       determine the 
 7     Auditor's remuneration   15,559,971   94.94%    829,743    5.06%      17,813         16,389,714 
     ------------------------  -----------  --------             ---------                 ------------ 
      To authorise 
       the renewal 
       of Directors' 
       authorities 
 8     to allot shares          16,389,267   99.95%    7,401      0.05%      10,859         16,396,668 
     ------------------------  -----------  --------             ---------                 ------------ 
      To authorise 
       the Directors 
       to disapply 
       pre-emption 
       rights: General 
 9     (special resolution)     16,347,336   99.71%    47,230     0.29%      12,961         16,394,566 
     ------------------------  -----------  --------             ---------                 ------------ 
      To authorise 
       the disapplication 
       of statutory 
       pre-emption 
       rights: 
       Acquisition 
       or capital investment 
 10    (special resolution)     16,345,258   99.65%    57,308     0.35%      4,961          16,402,566 
     ------------------------  -----------  --------             ---------                 ------------ 
      To authorise 
       the Company's 
       authority to 
       purchase its 
       own shares (special 
 11    resolution)              15,912,207   99.78%    34,462     0.22%      460,858        15,946,669 
     ------------------------  -----------  --------             ---------                 ------------ 
 

Notes:

1. A vote 'withheld' is not a vote in English Law and not counted in the calculation of votes cast 'for' or 'against' a resolution.

ENDS

Enquiries:

 
 The Alumasc Group plc                      +44 (0) 1536 383 844 
 Paul Hooper (Chief Executive) 
 
 Helen Ashton (Group Company Secretary)       +44 (0) 1536 383812 
 
 finnCap Ltd (Nomad)                        +44 (0) 207 220 0500 
 Julian Blunt 
 Edward Whiley 
 
 Peel Hunt LLP (Broker)                     +44 (0) 207 418 8831 
 Mike Bell 
 Ed Allsopp 
 
 Camarco 
 Ginny Pulbrook                             +44 (0) 203 757 4992 
 Dan Sherwen                                +44 (0) 203 781 9241 
                                            email: alumasc@camarco.co.uk 
 
 

The Alumasc Group plc

Burton Latimer, Kettering, Northants NN15 5JP

LEI: 2138002MV11VKZFJ4359

About Alumasc:

Alumasc is a UK-based supplier of premium building products, systems and solutions. Almost 80% of group sales are driven by building regulations and specifications (architects and structural engineers) because of the performance characteristics offered.

The Group has three business segments with strong positions and brands in their individual markets. The three segments are: Building Envelope; Water Management; and Housebuilding Products.

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END

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