Result of AGM
Distil PLC announced the results of its Annual General Meeting, where all resolutions were duly passed. Shareholders approved resolutions related to the election and re-election of directors with votes for ranging from 511,057,512 to 538,026,043. Resolutions 5 and 6, enabling the issue of the Second Tranche Placing Shares, were approved, leading to total gross proceeds of £755,000 raised when combined with the First Tranche Placing. Application has been made for the admission of 290,163,230 Second Tranche Placing Shares to trading on AIM, expected to commence around October 2, 2025. Following admission, the total number of ordinary shares in issue will be 2,033,578,384 with voting rights, and 580,769,230 Placing Warrants will be issued.
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Distil plc (AIM:DIS), announces that at the Company's Annual General Meeting held earlier today, all resolutions put to the meeting were duly passed by shareholders on a poll. The valid number of votes cast for and against each of the resolutions proposed, and the number of votes withheld were as follows:
| Resolution | Votes for † | % | Votes against | % | Votes withheld |
|---|---|---|---|---|---|
| Resolution 1 (Ordinary) That Adebola Adebo be elected as a Director of the Company. | 535,847,759 | 99.5 | 2,729,988 | 0.5 | 162,264 |
| Resolution 2 (Ordinary) That Sarah Kingsbury be elected as a Director of the Company. | 538,008,174 | 99.9 | 594,573 | 0.1 | 137,264 |
| Resolution 3 (Ordinary) That Don Goulding be re-elected as a Director of the Company | 511,057,512 | 94.9 | 27,547,735 | 5.1 | 134,764 |
| Resolution 4 (Ordinary) That Shaun Claydon be re-elected as a Director of the Company | 538,026,043 | 99.9 | 579,204 | 0.1 | 134,764 |
| Resolution 5 (Ordinary) To authorise the Directors to allot relevant securities. | 508,206,753 | 94.6 | 28,765,679 | 5.4 | 1,767,579 |
| Resolution 6 (Special) To empower the Directors to allot equity securities for cash otherwise than on a pre-emptive basis. | 454,810,034 | 84.4 | 83,792,713 | 15.6 | 137,264 |
†Proxy appointments which gave discretion to the Chairman have been included in the "for" total.
The Company is pleased to confirm that, as announced on 15 September 2025, following Shareholders' approval for Resolutions 5 and 6 enabling the issue of the Second Tranche Placing Shares, together with the First Tranche Placing which completed on 18 September 2025, the Company has raised total gross proceeds of £755,000.
Admission and Total Voting Rights
Application has been made to the London Stock Exchange for admission of the 290,163,230 Second Tranche Placing Shares to trading on AIM.
It is expected that admission will become effective and dealings in the Second Tranche Placing Shares will commence on AIM at 8.00 a.m. on or around 2 October 2025. The Second Tranche Placing Shares have been issued fully paid and will rank pari passu in all respects with the Company's existing Ordinary Shares. Following Admission, the total number of Ordinary Shares in the capital of the Company in issue will be 2,033,578,384 with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company's issued share capital pursuant to the Company's Articles.
In addition, following Admission 580,769,230 Placing Warrants will be issued.
Capitalised terms used in this announcement shall, unless defined in this announcement or unless the context provides otherwise, bear the same meaning ascribed to such terms in the Announcement made by the Company at 0700 on 15 September 2025.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.