Result of AGM
Avon Technologies Plc announced that all resolutions were passed at its Annual General Meeting on January 30, 2026, with resolutions 1-13 approved as ordinary and 14-17 as special resolutions. The company reported strong support for most proposals, with the report and accounts receiving 99.99% approval and the final dividend also passing with 99.99% of votes in favour. While director re-elections generally saw high approval, Bruce Thompson received 94.77% and Victor Chavez CBE received 98.11% of votes for their re-elections, with a significant number of votes withheld for Mr. Chavez. The reappointment of KPMG LLP as auditor was approved with 99.87% of votes.
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Avon Technologies plc is pleased to announce that, at its Annual General Meeting held on 30 January 2026, all the resolutions proposed in the Notice of Meeting were duly passed. All resolutions were voted on by way of a poll. Resolutions 1-13 (inclusive) were passed as ordinary resolutions and resolutions 14-17 (inclusive) as special resolutions. The results of the poll for each resolution were as follows:
| For | % | Against | % | Total Votes | % of Issued Share Capital | Withheld | ||
|---|---|---|---|---|---|---|---|---|
| 1 | To receive the Report and Accounts | 23,417,517 | 99.99 | 1,712 | 0.01 | 23,419,229 | 75.49% | 78,801 |
| 2 | To approve the Directors' Remuneration Report | 23,318,682 | 99.26 | 173,673 | 0.74 | 23,492,355 | 75.72% | 5,675 |
| 3 | To declare a final dividend | 23,493,080 | 99.99 | 1,776 | 0.01 | 23,494,856 | 75.73% | 3,174 |
| 4 | To re-elect Jos Sclater as a Director | 23,485,369 | 99.97 | 7,699 | 0.03 | 23,493,068 | 75.73% | 4,962 |
| 5 | To re-elect Rich Cashin as a Director | 23,454,131 | 99.83 | 38,937 | 0.17 | 23,493,068 | 75.73% | 4,962 |
| 6 | To re-elect Bruce Thompson as a Director | 22,263,744 | 94.77 | 1,229,299 | 5.23 | 23,493,043 | 75.73% | 4,987 |
| 7 | To re-elect Bindi Foyle as a Director | 23,195,799 | 98.74 | 296,317 | 1.26 | 23,492,116 | 75.72% | 5,914 |
| 8 | To re-elect Victor Chavez CBE as a Director | 18,172,424 | 98.11 | 349,625 | 1.89 | 18,522,049 | 59.70% | 4,975,981 |
| 9 | To re-elect Maggie Brereton as a Director | 23,145,812 | 98.52 | 347,444 | 1.48 | 23,493,256 | 75.73% | 4,774 |
| 10 | To re-appoint KPMG LLP as auditor of the Company | 23,409,186 | 99.87 | 30,875 | 0.13 | 23,440,061 | 75.56% | 57,969 |
| 11 | To authorise the Directors to determine the auditors' remuneration | 23,469,518 | 99.90 | 24,160 | 0.10 | 23,493,678 | 75.73% | 4,352 |
| 12 | To authorise the Company to make political donations (as defined in Companies Act 2006) | 18,004,896 | 97.22 | 514,865 | 2.78 | 18,519,761 | 59.70% | 4,978,269 |
| 13 | To authorise the Directors to allot shares | 21,953,406 | 93.45 | 1,539,891 | 6.55 | 23,493,297 | 75.73% | 4,733 |
| 14 | To disapply pre-emption rights | 21,784,127 | 92.73 | 1,707,764 | 7.27 | 23,491,891 | 75.72% | 6,139 |
| 15 | To disapply pre-emption rights limited to a specified capital investment/acquisition | 21,258,344 | 90.49 | 2,235,358 | 9.51 | 23,493,702 | 75.73% | 4,328 |
| 16 | To authorise the Company to purchase its own shares | 23,480,648 | 99.95 | 11,481 | 0.05 | 23,492,129 | 75.72% | 5,901 |
| 17 | To authorise the Company to hold General Meetings on short notice | 22,575,826 | 96.20 | 892,130 | 3.80 | 23,467,956 | 75.65% | 30,074 |
Notes
- Any proxy appointments which gave discretion to the Chair have been included in the "for" total.
- A "vote withheld" is not a vote under English law and is not counted in the calculation of the proportion of the votes "for" and "against" a resolution.
- Discretionary proxy votes lodged in favour of a third party have not been included in the "for", "against" or "total" figures.
- At the date of the AGM the Company's issued share capital consists of 30,258,194 ordinary shares, carrying one vote each. 765,098 ordinary shares are held in treasury. These shares are not taken into consideration in relation to voting. Therefore, the total voting rights in the Company are 30,258,194.
In accordance with paragraph 9.6.2 of the Listing Rules, a copy of the resolutions passed as special business will be submitted as soon as practicable to the National Storage Mechanism and will be available shortly for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Zoe Holland
Company Secretary
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