Result of AGM
All AGM resolutions passed; final dividend of 1.3p approved; Chris Sullivan re-elected with 90.54% support.
- Final dividend per share 1.3p
- Chris Sullivan re-election support (all shareholders) 90.54%
- Chris Sullivan re-election support (independent shareholders) 73.67%
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Alfa Financial Software Holdings PLC (the "Company" or "Alfa") announces the results of voting on its resolutions at its Annual General Meeting, which was held on 1 May 2024.
All resolutions, as set out in the Notice of Meeting, were voted by way of a poll and were passed.
The votes cast for resolutions 5, 6, 7 and 11 relating to the election of the independent Directors were duly passed by both a majority of the votes cast by the independent shareholders as well as by a majority of votes cast by all shareholders. These votes have been calculated separately and are shown below.
| For | Against | Total votes cast | Vote withheld | ||||
|---|---|---|---|---|---|---|---|
| Resolution | No. of votes | % of votes cast | No. of votes | % of votes cast | No. of votes | No. of votes | |
| 1. To receive and adopt the Annual Report including the audited financial statements for the year ending 31 December 2023 | 279,792,144 | 100 | 1,476 | 0.00 | 279,793,620 | 18,097 | |
| 2. To approve the Directors' Remuneration Policy | 279,750,241 | 99.98 | 61,476 | 0.02 | 279,811,717 | 0 | |
| 3. To approve the Directors' Remuneration Report | 279,750,241 | 99.98 | 61,476 | 0.02 | 279,811,717 | 0 | |
| 4. To declare a final dividend of 1.3 pence per ordinary share | 279,810,241 | 100 | 1,476 | 0.00 | 279,811,717 | 0 | |
| 5. To re-elect Steve Breach as a Director | All | 278,866,493 | 99.66 | 945,224 | 0.34 | 279,811,717 | 0 |
| Independent | 102,960,844 | 99.09 | 945,224 | 0.91 | 103,906,068 | 0 | |
| 6. To re-elect Adrian Chamberlain as a Director | All | 278,866,493 | 99.66 | 945,224 | 0.34 | 279,811,717 | 0 |
| Independent | 102,960,844 | 99.09 | 945,224 | 0.91 | 103,906,068 | 0 | |
| 7. To re-elect Charlotte de Metz as a Director | All | 278,862,902 | 99.66 | 948,815 | 0.34 | 279,811,717 | 0 |
| Independent | 102,957,253 | 99.09 | 948,815 | 0.91 | 103,906,068 | 0 | |
| 8. To re-elect Andrew Denton as a Director | 279,594,581 | 99.92 | 217,136 | 0.08 | 279,811,717 | 0 | |
| 9. To re-elect Duncan Magrath as a Director | 279,582,533 | 99.92 | 229,184 | 0.08 | 279,811,717 | 0 | |
| 10. To re-elect Andrew Page as a Director | 276,444,920 | 98.80 | 3,366,797 | 1.20 | 279,811,717 | 0 | |
| 11. To re-elect Chris Sullivan as a Director | All | 248,569,526 | 90.54 | 25,966,362 | 9.46 | 274,535,888 | 5,275,829 |
| Independent | 72,663,877 | 73.67 | 25,966,362 | 26.33 | 98,630,239 | 5,275,829 | |
| 12. To re-elect Matthew White as a Director | 279,590,850 | 99.92 | 220,867 | 0.08 | 279,811,717 | 0 | |
| 13. To re-appoint RSM UK Audit LLP as auditor of the Company | 279,810,241 | 100.00 | 1,476 | 0.00 | 279,811,717 | 0 | |
| 14. To authorise the Audit and Risk Committee to determine the auditor's remuneration | 279,810,241 | 100.00 | 1,476 | 0.00 | 279,811,717 | 0 | |
| 15. To authorise the Company to make political donations | 278,915,509 | 99.68 | 896,208 | 0.32 | 279,811,717 | 0 | |
| 16. To authorise the Directors to allot ordinary shares | 279,507,531 | 99.89 | 303,336 | 0.11 | 279,810,867 | 850 | |
| 17. Authority to disapply statutory pre-emption rights | 278,944,672 | 99.69 | 860,079 | 0.31 | 279,804,751 | 6,966 | |
| 18. Additional authority to disapply statutory pre-emption rights | 278,944,672 | 99.69 | 860,079 | 0.31 | 279,804,751 | 6,966 | |
| 19. To authorise the Company to purchase its own shares | 277,781,520 | 99.30 | 1,965,112 | 0.70 | 279,746,632 | 65,085 | |
| 20. Authority to call a general meeting (other than an AGM) on not less than 14 clear days' notice | 278,510,985 | 99.54 | 1,300,732 | 0.46 | 279,811,717 | 0 |
The Board notes that resolution 11 (re-election of Chris Sullivan) was passed by 90.54% of the total votes cast, but with less than 80% of Independent Shareholders voting in favour. The Board will consult with independent shareholders who did not vote in favour to understand any concerns.
Notes:
- The number of shares in issue at close of business on 30 April 2024 was 300,000,000 (the "Share Capital"). On this date as at close of business, the Company holds 4,775,119 shares in treasury. Therefore, the total number of ordinary shares with voting rights was 295,224,881.
A copy of the resolutions passed at the AGM concerning items other than ordinary business will be submitted to the National Storage Mechanism and be available shortly for inspection.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.