TIDMSRAD
RNS Number : 2454A
Stelrad Group PLC
22 May 2023
22 May 2023
Stelrad Group PLC
("Stelrad" or the "Company")
Results of the AGM
The Directors of Stelrad Group PLC are pleased to announce that
at its Annual General Meeting held on 22 May 2023, all the proposed
resolutions as set out in the Notice of Annual General Meeting were
passed on a poll of votes. Total votes received from shareholders
by the Company either in advance of or as voted for at the meeting,
were as set out below:
R esolution Votes for % Votes % Total shares % of total Votes withheld
Against for and voting
against rights
To receive the Company's
annual report and
audited financial
statements for the
1 period ended 31
. December 2022. 118,096,105 100.00 0 0.00 118,096,105 100.00 0
------------------------- ------------ ------- ---------- ----- ------------- ----------- ---------------
To receive and approve
the Directors'
Remuneration
Report for the period
2 ended 31 December
. 2022. 118,093,205 100.00 2,900 0.00 118,096,105 100.00 0
------------------------- ------------ ------- ---------- ----- ------------- ----------- ---------------
To declare a final
dividend of 4.72
pence per Ordinary
Share for the year
3 ended 31 December
. 2022. 116,396,878 98.56 1,699,227 1.44 118,096,105 98.56 0
------------------------- ------------ ------- ---------- ----- ------------- ----------- ---------------
4 To re-elect Bob
. Ellis as a Director. 101,735,031 98.36 1,699,227 1.64 103,434,258 98.36 14,661,847
------------------------- ------------ ------- ---------- ----- ------------- ----------- ---------------
5 To re-elect Trevor
. Harvey as a Director. 116,396,878 98.56 1,699,227 1.44 118,096,105 98.56 0
------------------------- ------------ ------- ---------- ----- ------------- ----------- ---------------
6 To re-elect George
. Letham as a Director. 116,396,878 98.56 1,699,227 1.44 118,096,105 98.56 0
------------------------- ------------ ------- ---------- ----- ------------- ----------- ---------------
7 To re-elect Terry
. Miller as a Director. 115,720,646 97.99 2,375,459 2.01 118,096,105 97.99 0
------------------------- ------------ ------- ---------- ----- ------------- ----------- ---------------
8 To re-elect Nicola
. Bruce as a Director. 118,096,105 100.00 0 0.00 118,096,105 100.00 0
------------------------- ------------ ------- ---------- ----- ------------- ----------- ---------------
To re-elect Martin
9. Payne as a Director. 116,393,978 98.56 1,702,127 1.44 118,096,105 98.56 0
------------------------- ------------ ------- ---------- ----- ------------- ----------- ---------------
To re-elect Edmund
10. Lazarus as a Director. 113,103,716 97.39 3,032,444 2.61 116,136,160 97.39 1,959,945
------------------------- ------------ ------- ---------- ----- ------------- ----------- ---------------
To re-elect Nicholas
11. Armstrong as a Director. 116,393,978 98.56 1,702,127 1.44 118,096,105 98.56 0
------------------------- ------------ ------- ---------- ----- ------------- ----------- ---------------
To re-appoint
PricewaterhouseCoopers
LLP as Auditors
12. of the Company. 118,096,105 100.00 0 0.00 118,096,105 100.00 0
------------------------- ------------ ------- ---------- ----- ------------- ----------- ---------------
To authorise the
Audit & Risk Committee
to determine the
remuneration of
13. the Auditor. 118,096,105 100.00 0 0.00 118,096,105 100.00 0
------------------------- ------------ ------- ---------- ----- ------------- ----------- ---------------
To authorise the
Company to make
political expenditure
14. and donations. 117,416,973 99.42 679,132 0.58 118,096,105 99.42 0
------------------------- ------------ ------- ---------- ----- ------------- ----------- ---------------
To authorise the
Directors to allot
shares in the Company,
in accordance with
section 551 of the
15. Companies Act 2006. 116,396,878 98.56 1,699,227 1.44 118,096,105 98.56 0
------------------------- ------------ ------- ---------- ----- ------------- ----------- ---------------
To authorise the
Directors to disapply
pre-emption rights,
in accordance with
561 of the Companies
16. Act 2006. 118,096,105 100.00 0 0.00 118,096,105 100.00 0
------------------------- ------------ ------- ---------- ----- ------------- ----------- ---------------
To authorise the
Directors to disapply
pre-emption rights
up to a further
5% for the purposes
of acquisitions
17. or capital investments. 118,093,205 100.00 2,900 0.00 118,096,105 100.00 0
------------------------- ------------ ------- ---------- ----- ------------- ----------- ---------------
To authorise the
Company to purchase
its own ordinary
18. shares 118,096,105 100.00 0 0.00 118,096,105 100.00 0
------------------------- ------------ ------- ---------- ----- ------------- ----------- ---------------
To authorise the
Directors to call
a general meeting
other than an annual
general meeting
on not less than
19. 14 clear days' notice. 118,088,880 100.00 2,900 0.00 118,091,780 100.00 0
------------------------- ------------ ------- ---------- ----- ------------- ----------- ---------------
Subject to rule 9.2.2E of the UK Listing Rules the election of
the independent Non-Executive Directors must be approved by a
majority vote of both the independent shareholders (i.e.
shareholders of the Company, other than Bregal, the Company's
controlling shareholder, who are entitled to vote on the election
of Directors), and the shareholders as a whole. Therefore, the
below table displays the votes for the election of the independent
Non-Executive Directors excluding the votes of the controlling
shareholder:
R esolution Votes for % Votes Against % Total shares % of Votes
for and total withheld
against voting
rights
7 To elect Terry
. Miller as a Director. 52,616,881 95.68 2,375,459 4.32 54,992,340 43.18 0
----------------------- ----------- -------- -------------- ----- ------------- -------- ----------
To elect Nicola
8. Bruce as a Director. 54,992,340 100.00 0 0.00 54,992,340 43.18 0
----------------------- ----------- -------- -------------- ----- ------------- -------- ----------
9 To elect Martin
. Payne as a Director. 53,290,213 96.905% 1,702,127 3.10 54,992,340 43.18 0
----------------------- ----------- -------- -------------- ----- ------------- -------- ----------
1. Full details of the resolutions are set out in the Notice of
Annual General Meeting dated 28 March 2023 (which is available on
the Company's website at: https://stelradplc.com/).
2. Resolutions 1 to 15 were ordinary resolutions, requiring more
than 50% of shareholders' votes to be cast in favour of the
resolutions. Resolutions 16 to 19 were special resolutions,
requiring at least 75% of shareholders' votes to be cast in favour
of the resolutions.
3. Votes 'For' include those votes giving the Chairman discretion.
4. There were 127,352,555 ordinary shares in issue all of which
had the right to vote. Ordinary shares held in treasury do not
carry voting rights.
5. A vote withheld is not a vote in law and is not counted in
the calculation of the votes for or against a resolution.
6. Copies of all the resolutions passed, other than ordinary
business, have been submitted to the National Storage Mechanism and
will soon be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Enquiries :
Computershare Company Secretarial Services Limited
07966 711602
StelradGroup-UKCoSec@computershare.co.uk
Company Secretary
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END
RAGATMATMTITBJJ
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