Van Elle Holdings PLC Result of AGM (5407Q)
13 September 2017 - 12:12AM
UK Regulatory
TIDMVANL
RNS Number : 5407Q
Van Elle Holdings PLC
12 September 2017
12 September 2017
Van Elle Holdings plc
("Van Elle" or the "Company")
Results of Annual General Meeting
Van Elle's 2017 Annual General Meeting ("AGM") was held at
Eversheds Sutherland (International) LLP, One Wood Street, London,
EC2V 7WS at 10am today. All resolutions proposed at the AGM were
voted by way of a poll. The results of the poll for each resolution
were as follows:
Resolution For For Against Against Total Withheld
(votes) %(2) (votes) (%)(2) votes (votes)(1)
validly
cast
----------------------------- ----------- -------- ----------- -------- ----------- ------------
To receive
the accounts
of the Company
for the year
ended 30
1 April 2017. 59,115,007 100.00% 0 0.00% 59,115,007 0
--- ------------------------ ----------- -------- ----------- -------- ----------- ------------
To re-appoint
BDO LLP as
2 auditor 58,365,007 100.00% 0 0.00% 58,365,007 750,000
--- ------------------------ ----------- -------- ----------- -------- ----------- ------------
To authorise
the Directors
to determine
the remuneration
3 of the auditor 59,115,007 100.00% 0 0.00% 59,115,007 0
--- ------------------------ ----------- -------- ----------- -------- ----------- ------------
To approve
the Directors'
remuneration
report in
the form
set out in
the annual
report of
the Company
for the year
ended 30
4 April 2017 58,255,821 100.00% 1,500 0.00% 58,257,321 857,686
--- ------------------------ ----------- -------- ----------- -------- ----------- ------------
To declare
a final dividend
of 1.75p
per ordinary
5 share 59,115,007 100.00% 0 0.00% 59,115,007 0
--- ------------------------ ----------- -------- ----------- -------- ----------- ------------
To re-elect
Adrian Barden
6 as a Director 43,037,055 100.00% 0 0.00% 43,037,055 16,077,952
--- ------------------------ ----------- -------- ----------- -------- ----------- ------------
To re-elect
Robin Williams
7 as a Director 43,037,055 100.00% 0 0.00% 43,037,055 16,077,952
--- ------------------------ ----------- -------- ----------- -------- ----------- ------------
To re-elect
Jon Fenton
8 as a Director 43,037,055 72.80% 16,077,952 27.20% 59,115,007 0
--- ------------------------ ----------- -------- ----------- -------- ----------- ------------
To re-elect
Paul Pearson
9 as a Director 59,115,007 100.00% 0 0.00% 59,115,007 0
--- ------------------------ ----------- -------- ----------- -------- ----------- ------------
To authorise
the Directors
to allot
shares and
to grant
rights to
subscribe
for or to
convert any
security
into shares
pursuant
to Section
551 of the
Companies
Act 2006
and to allot
equity securities
by way of
a rights
10 issue 35,124,510 59.42% 23,990,497 40.58% 59,115,007 0
--- ------------------------ ----------- -------- ----------- -------- ----------- ------------
To authorise
the Directors
to allot
equity securities
pursuant
to Section
570 of the
Companies
Act 2006
in connection
with a rights
issue and
11 general disapplication 34,292,510 58.01% 24,822,497 41.99% 59,115,007 0
--- ------------------------ ----------- -------- ----------- -------- ----------- ------------
To authorise
the Directors
to allot
equity securities
pursuant
to Section
570 of the
Companies
Act 2006
in connection
with an acquisition
or other
12 capital investment 34,374,510 58.15% 24,740,497 41.85% 59,115,007 0
--- ------------------------ ----------- -------- ----------- -------- ----------- ------------
Notes:
1. A "Vote withheld" is not a vote in law and is not counted in
the proportion of votes "For" or "Against" any resolution, or
"Total votes validly cast".
2. Percentages are expressed as a percentage of total votes
validly cast (and does not include votes withheld).
3. The Notice of Annual General Meeting is available on the Company's website: www.van-elle.co.uk
Ordinary resolutions 1-10 were all duly passed. Resolutions 11
and 12, which were proposed as special resolutions requiring a 75%
vote in favour of votes cast, were not passed. These resolutions
relate to the Company's ability to issue new shares in certain
circumstances, for example to fund acquisitions or other material
capital investments. Whilst the Board is disappointed that these
resolutions have not been passed, it will actively engage with the
dissenting shareholders so as to determine at what point they
should be re-presented for approval.
Enquiries:
Van Elle Holdings plc 017 7358 0580
Jon Fenton, Chief Executive Officer
Paul Pearson, Chief Financial
Officer
Instinctif Partners (Financial
Public Relations) 020 7457 2020
Mark Garraway
James Gray
Rosie Driscoll
Peel Hunt LLP (Nominated Adviser
and corporate broker) 020 7418 8900
Charles Batten
Mike Bell
Justin Jones
This information is provided by RNS
The company news service from the London Stock Exchange
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