2025 AGM Voting Update Statement
C&C Group plc has provided an update on Resolution 8, an additional disapplication of pre-emption rights, which was passed at its 2025 Annual General Meeting with 79.50% of votes in favour, though a significant 20.50% voted against it. The company is engaging with key shareholders who opposed the resolution to understand their concerns and will provide a further update in its 2026 Annual Report. Despite the opposition, the Board believes the flexibility afforded by the resolution is in the best interests of the company and shareholders, and no change to the current approach is proposed, though the matter will remain under review.
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In accordance with Provision 4 of the UK Corporate Governance Code, the Company provides this update on the announcement made on 14 July 2025 regarding significant votes against (defined as above 20%) Resolution 8 (additional disapplication of pre-emption rights) which received sufficient support to be passed, with a vote of 79.50% in favour at the 2025 AGM held on 11 July 2025. However, a significant number of votes (20.50%), were cast against this resolution.
Following the vote, we are engaging directly with those key Shareholders who voted against Resolution 8 to understand their concerns. A further update will be provided in the 2026 Annual Report.
The Resolution followed the provisions of the Pre-Emption Group's 2022 revised Statement of Principles for the additional disapplication of pre-emption rights, and the Board considered the flexibility afforded to be in the best interests of the Company and its Shareholders.
Given that the majority of Shareholders voting at the AGM supported the Board's recommendations, it is not proposed to change the current approach. The Company will, however, continue to keep these matters under review and welcomes ongoing dialogue with Shareholders.
Gillian Kyle
Company Secretary
Company Secretary
C&C Group plc
Bulmers House
Keeper Road
Crumlin
Dublin 12
D12 K702
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