TIDMHEAD
RNS Number : 7778N
Headlam Group PLC
22 May 2020
22 May 2020
Headlam Group plc
('Headlam' or the 'Company')
2020 Annual General Meeting ('AGM') Poll Results
The Board of Headlam is pleased to announce that all the
resolutions put to its shareholders at the AGM held earlier today
were duly passed by the requisite majorities on a poll.
In accordance with Listing Rule 9.6.2, copies of the special
business resolutions (2, 13, 14 and 15) passed at the AGM will be
submitted to the National Storage Mechanism and will shortly be
available for inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The results of the poll for each resolution are shown below:
Resolution Votes For (including Votes Against Votes Total Votes Cast
discretionary votes) Withheld (excluding Votes
Withheld)
No. of % of votes No. of % of No. of No. of % of Issued
Votes cast Votes votes Shares Votes Share
cast Capital(**)
----------------------------- ----------------- -------------------- ---------------- -------------- ---------------- ----------------- -------------------
Receive the Annual
Report
1. and Accounts 66,425,236 99.99 8,055 0.01 158,030 66,433,291 78.24
----------------------------- ----------------- -------------------- ---------------- -------------- ---------------- ----------------- -------------------
Approve the
Remuneration
2. Policy 55,614,382 92.57 4,463,551 7.43 6,513,388 60,077,933 70.75
----------------------------- ----------------- -------------------- ---------------- -------------- ---------------- ----------------- -------------------
Approve the
Remuneration
3. Report 59,378,521 99.75 146,207 0.25 7,066,594 59,524,728 70.10
----------------------------- ----------------- -------------------- ---------------- -------------- ---------------- ----------------- -------------------
Re-elect Philip
4. Lawrence 66,555,526 99.95 35,795 0.05 0 66,591,321 78.43
----------------------------- ----------------- -------------------- ---------------- -------------- ---------------- ----------------- -------------------
5. Re-elect Steve Wilson 66,397,454 99.71 193,868 0.29 0 66,591,322 78.43
----------------------------- ----------------- -------------------- ---------------- -------------- ---------------- ----------------- -------------------
6. Re-elect Chris Payne 66,561,941 99.96 29,381 0.04 0 66,591,322 78.43
----------------------------- ----------------- -------------------- ---------------- -------------- ---------------- ----------------- -------------------
Re-elect Amanda
7. Aldridge 66,570,582 99.97 20,740 0.03 0 66,591,322 78.43
----------------------------- ----------------- -------------------- ---------------- -------------- ---------------- ----------------- -------------------
Re-elect Keith
8. Edelman 59,801,384 89.8 6,789,937 10.2 0 66,591,321 78.43
----------------------------- ----------------- -------------------- ---------------- -------------- ---------------- ----------------- -------------------
Re-elect Alison
9. Littley 66,570,582 99.97 20,740 0.03 0 66,591,322 78.43
----------------------------- ----------------- -------------------- ---------------- -------------- ---------------- ----------------- -------------------
Re-appoint
PricewaterhouseCoopers
10. LLP as the Auditor 66,588,109 99.99 2,000 0.01 1,213 66,590,109 78.42
----------------------------- ----------------- -------------------- ---------------- -------------- ---------------- ----------------- -------------------
Authorise the
Directors
to determine Auditor's
11. remuneration 66,586,816 99.99 4,506 0.01 0 66,591,322 78.43
----------------------------- ----------------- -------------------- ---------------- -------------- ---------------- ----------------- -------------------
Authorise allotment of
12. shares 66,588,029 99.99 3,293 0.01 0 66,591,322 78.43
----------------------------- ----------------- -------------------- ---------------- -------------- ---------------- ----------------- -------------------
Disapply pre-emption
13. rights* 66,586,662 99.99 4,660 0.01 0 66,591,322 78.43
----------------------------- ----------------- -------------------- ---------------- -------------- ---------------- ----------------- -------------------
Authorise purchase of
14. own shares* 66,392,819 99.71 196,348 0.29 2,154 66,589,167 78.42
----------------------------- ----------------- -------------------- ---------------- -------------- ---------------- ----------------- -------------------
Call general meetings
15. on 14 days' notice* 66,096,966 99.26 494,356 0.74 0 66,591,322 78.43
----------------------------- ----------------- -------------------- ---------------- -------------- ---------------- ----------------- -------------------
* Indicates a special resolution requiring a 75% majority of
votes cast
** Excludes treasury shares
Notes:
1 A vote 'Withheld' is not a vote in law and is not counted in
the calculation of the proportion of votes 'For' or 'Against' a
resolution, the total votes validly cast or the calculation of the
proportion of issued share capital voted.
2 As at the voting record date, Headlam had 85,452,093 ordinary
shares in issue, of which 84,910,815 held voting rights.
3 To calculate the proxy votes as a percentage of shares in issue, treasury shares were excluded.
Enquiries:
Headlam Group plc Email: headlamgroup@headlam.com
Steve Wilson, Chief Executive
Chris Payne, Chief Financial Officer
Catherine Miles, Director of Communications
Investec Bank plc (Corporate Broker) Tel: 020 7597 5970
David Flin / Alex Wright
Panmure Gordon (UK) Limited (Corporate Tel: 020 7886 2500
Broker)
Erik Anderson / Dominic Morley
/ Ailsa Macmaster
Buchanan (Financial PR and IR) Tel: 020 7466 5000
Mark Court / Toto Berger
Notes for Editors:
Operating for 28 years and employing 2,575 people as at 31
December 2019, Headlam is Europe's leading floorcoverings
distributor.
Headlam provides the distribution channel between suppliers and
trade customers of floorcoverings. Working in partnership with
suppliers across the globe manufacturing a diverse range of
floorcovering products and ancillary accessories, Headlam provides
an unparalleled route to market for their products across the UK
and certain Continental European territories.
The utilisation of an outsourced distribution channel enables
manufacturers to focus on their core activities, incur reduced
costs associated with distribution, and benefit from localised
sales, marketing and distribution expertise that provides a more
effective and greater route to market for their products.
To maximize customer and market penetration, and reflecting the
regionalised nature of the marketplace, Headlam comprises 67
individual businesses in the UK and Continental Europe (France, the
Netherlands and Switzerland) each operating under their own unique
trade brand and utilising individual sales teams.
Headlam's extensive customer base, operating within both the
residential and commercial sectors and comprising principally
independent retailers and flooring contractors, receives the
broadest product offering supported by next day delivery as well as
additional marketing and other support.
Headlam's offering is enabled through its unrivalled operating
expertise, long-established supplier and customer relationships,
and comprehensive distribution network. Following years of
considerable investment, Headlam's distribution network currently
comprises four national distribution hubs, 19 regional distribution
centres and a supporting network of smaller warehouse premises,
trade counters, showrooms and specification centres.
In 2019, Headlam worked with 190 suppliers from 19 countries and
fulfilled 5.3 million customer orders.
www.headlam.com
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END
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