Result of AGM
Checkit plc announced that all resolutions were passed at its Annual General Meeting, with strong support for the Annual Report and Accounts (99.93% for), Directors' remuneration report (99.92% for), auditor re-appointment (99.67% for), and director re-elections and elections, all receiving over 97.76% of votes cast. However, Resolution 8, authorising directors to allot shares up to £1,800,142 and £3,600,285 in specific scenarios, saw 38.04% of votes cast against it, which the company noted was due to policy grounds from a significant shareholder and will be subject to further dialogue.
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Checkit plc (AIM: CKT), the automated monitoring platform for operational leaders, is pleased to announce that all resolutions put to shareholders at the Company's Annual General Meeting today were duly passed.
All the resolutions were voted by way of a poll. The results of the poll for each resolution were as follows:
| RESOLUTION | Votes For | % of votes cast | Votes Against | % of votes cast | Votes Withheld | |
|---|---|---|---|---|---|---|
| 1. | Annual Report and Accounts | 62,225,517 | 99.93 | 45,597 | 0.07 | 7,649 |
| 2. | Directors' remuneration report | 60,879,751 | 99.92 | 48,246 | 0.08 | 1,350,766 |
| 3. | To re-appoint Cooper Parry Group Limited as auditor | 62,065,701 | 99.67 | 205,413 | 0.33 | 7,649 |
| 4. | To re-elect Keith Daley as a Director | 62,011,733 | 99.58 | 261,524 | 0.42 | 5,506 |
| 5. | To elect Kristian Shaw as a Director | 62,225,011 | 99.92 | 48,246 | 0.08 | 5,506 |
| 6. | To re-elect Christopher Kyte as a Director | 60,879,751 | 97.76 | 1,393,506 | 2.24 | 5,506 |
| 7. | To re-elect Alex Curran as a Director | 62,011,733 | 99.58 | 261,524 | 0.42 | 5,506 |
| 8. | To authorise the Directors to allot shares with an aggregate nominal value up to £1,800,142 (subject to statutory pre-emption rights unless separately disapplied) and up to £3,600,285 in connection with fully pre-emptive offers, with such authority expiring on 22 August 2027. | 38,577,949 | 61.96 | 23,685,814 | 38.04 | 15,000 |
*Percentage of votes cast excludes withheld votes.
The Board notes that more than 38.04% of votes were against Resolution 8. The authority sought under Resolution 8 (authority for the directors to issue shares) reflects best practice recommended by the Investment Association's share capital management guidelines and is widely adopted by UK-listed companies. The significant shareholder in question has notified the Board that the vote was cast on policy grounds, not Checkit-specific reasons. The Board will continue its dialogue with the significant shareholder in this regard.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.