TIDMFAN
RNS Number : 0779A
Volution Group plc
17 December 2014
17 December 2014
Volution Group plc
Results of Annual General Meeting
Volution Group plc (the "Company", LSE: FAN) a leading supplier
of ventilation products to the residential construction market,
announces that all resolutions put to the Annual General Meeting
held at 11.00am on 17 December 2014 at The Lincoln Centre, 18
Lincoln's Inn Fields, London WC2A 3ED, were duly passed on a poll.
The results of the poll, incorporating the proxy votes lodged in
advance of the meeting, are set out below.
Resolution FOR (1) AGAINST WITHHELD TOTAL VOTE
(2)
Number % of Number % of Number Number
of votes votes of votes votes of votes of votes
cast cast
------------ -------- ---------- ------- ---------- ------------
VOTES OF ALL SHAREHOLDERS
Annual Report and
01 Accounts 179,988,175 100.00% 0 0.00% 4,000,000 183,988,175
------------------------ ------------ -------- ---------- ------- ---------- ------------
Directors' Remuneration
02 Policy 179,988,175 100.00% 0 0.00% 4,000,000 183,988,175
------------------------ ------------ -------- ---------- ------- ---------- ------------
Directors' Remuneration
03 Report 179,572,767 99.77% 415,408 0.23% 4,000,000 183,988,175
------------------------ ------------ -------- ---------- ------- ---------- ------------
04 Elect Peter Hill 179,988,175 100.00% 0 0.00% 4,000,000 183,988,175
------------------------ ------------ -------- ---------- ------- ---------- ------------
05 Elect Adrian Barden 179,988,175 100.00% 0 0.00% 4,000,000 183,988,175
------------------------ ------------ -------- ---------- ------- ---------- ------------
06 Elect Gavin Chittick 179,988,175 100.00% 0 0.00% 4,000,000 183,988,175
------------------------ ------------ -------- ---------- ------- ---------- ------------
07 Elect Ian Dew 179,988,175 100.00% 0 0.00% 4,000,000 183,988,175
------------------------ ------------ -------- ---------- ------- ---------- ------------
08 Elect Ronnie George 179,988,175 100.00% 0 0.00% 4,000,000 183,988,175
------------------------ ------------ -------- ---------- ------- ---------- ------------
09 Elect Paul Hollingworth 179,988,175 100.00% 0 0.00% 4,000,000 183,988,175
------------------------ ------------ -------- ---------- ------- ---------- ------------
10 Elect Tony Reading 179,988,175 100.00% 0 0.00% 4,000,000 183,988,175
------------------------ ------------ -------- ---------- ------- ---------- ------------
11 Re-appoint auditor 174,102,575 96.73% 5,885,600 3.27% 4,000,000 183,988,175
------------------------ ------------ -------- ---------- ------- ---------- ------------
12 Remuneration of auditor 174,102,575 96.73% 5,885,600 3.27% 4,000,000 183,988,175
------------------------ ------------ -------- ---------- ------- ---------- ------------
Authority to incur
13 Political donations 179,567,767 99.77% 420,408 0.23% 4,000,000 183,988,175
------------------------ ------------ -------- ---------- ------- ---------- ------------
Authority to allot
14 shares 179,140,591 99.53% 847,584 0.47% 4,000,000 183,988,175
------------------------ ------------ -------- ---------- ------- ---------- ------------
15 Authority to disapply
(3) pre-emption rights 173,592,933 96.45% 6,395,242 3.55% 4,000,000 183,988,175
------------------------ ------------ -------- ---------- ------- ---------- ------------
Authority to call
a general meeting
16 on 14 clear days'
(3) notice 179,518,399 99.74% 469,776 0.26% 4,000,000 183,988,175
------------------------ ------------ -------- ---------- ------- ---------- ------------
VOTES OF SHAREHOLDERS EXCLUDING CONTROLLING SHAREHOLDER
05 Elect Adrian Barden 57,237,088 100.00% 0 0.00% 4,000,000 61,237,088
------------------------ ----------- -------- ------ ---------- -----------
09 Elect Paul Hollingworth 57,237,088 100.00% 0 0.00% 4,000,000 61,237,088
------------------------ ----------- -------- ------ ---------- -----------
10 Elect Tony Reading 57,237,088 100.00% 0 0.00% 4,000,000 61,237,088
------------------------ ----------- -------- ------ ---------- -----------
Notes:
1. Any proxy appointments giving discretion to the Chairman of
the Meeting have been included in the "For" totals above.
2. A vote "Withheld" is not a vote in law and is not counted in
the calculation of the votes "For" or "Against" a resolution.
3. Indicates Special Resolutions requiring a 75% majority to be passed.
4. As the Company has a controlling shareholder (Windmill
Holdings B.V.) as defined in the Financial Conduct Authority's
Listing Rules, each resolution to elect an independent director
(resolutions 5, 9 & 10) has under Listing Rule 9.2.2E been
approved by a majority of the votes cast by:
-- the shareholders of the Company as a whole; and
-- the independent shareholders of the Company, that is, all the
shareholders entitled to vote on each resolution excluding the
controlling shareholder.
5. The Company's total ordinary shares in issue (total voting
rights) as at 17 December 2014, was 200,000,000 ordinary shares of
1 pence each. The total ordinary shares (total voting rights) held
by shareholders excluding the controlling shareholder as at 17
December 2014 was 77,248,913 ordinary shares of 1 pence each.
Ordinary shareholders are entitled to one vote per ordinary share
held.
6. The proxy votes received, including votes withheld, amount to
91.99% of the total issued share capital.
In accordance with UK Listing Rule 9.6.2 copies of all the
resolutions passed other than resolutions concerning ordinary
business have been submitted to the UK Listing Authority via the
National Storage Mechanism and will shortly be available for
inspection at www.Hemscott.com/nsm.do.
The Notice of Annual General Meeting 2014 together with the
Annual Report and Accounts 2014 can be found on the Company's
website at:
http://www.volutiongroupplc.com/investors/reports-results-and-presentations
- ends -
Enquiries:
Volution Group plc
Michael Anscombe, Company Secretary +44 (0) 1293 441662
Notes to Editors:
Volution Group plc (LSE: FAN) is a leading supplier of
ventilation products to the residential construction market in the
UK, Sweden and Germany.
The Group sold approximately 20 million ventilation products and
accessories in the financial year ended 31 July 2014. It consists
of five key brands, focused primarily on the UK, Swedish and German
ventilation markets - Vent-Axia, Manrose, Fresh, PAX and inVENTer -
and operates through two divisions: the Ventilation Group, which
principally supplies ventilation products for residential
construction applications in the UK, Sweden and Germany and
ventilation products for commercial construction applications in
the UK; and Torin-Sifan, which supplies motors, fans and blowers to
OEMs of heating and ventilation products for both residential and
commercial construction applications in Europe.
For more information, please go to:
http://www.volutiongroupplc.com/
This information is provided by RNS
The company news service from the London Stock Exchange
END
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