Result of General Meeting
Helical PLC announced that all resolutions were passed at its General Meeting, including the adoption of new Articles of Association, authorization for directors to issue B Shares, and approval for a share consolidation. Shareholders overwhelmingly supported these proposals, with over 98% voting in favour for most resolutions, and 88% for the specific capital projects pre-emption rights. The company also approved the issuance of 63 new ordinary shares to the Helical Employee Benefit Trust to facilitate a share consolidation, increasing the total issued share capital to 123,355,260 shares, with 122,320,093 total voting rights expected after admission on July 17, 2026.
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The total number of votes received on each resolution is as follows:
| Resolution | For | % of votes cast | Against | % of votes cast | Total votes validly cast | Votes cast as % of Issued Share Capital (excl. treasury shares) | Withheld | |
|---|---|---|---|---|---|---|---|---|
| 1. | To approve the adoption of new Articles of Association* | 91,919,141 | 99.97 | 31,248 | 0.03 | 91,950,389 | 75.17% | 0 |
| 2. | To authorise the directors of the Company to Issue B Shares* | 91,919,141 | 99.97 | 31,248 | 0.03 | 91,950,389 | 75.17% | 0 |
| 3. | To authorise the Share Consolidation | 91,918,565 | 99.97 | 31,824 | 0.03 | 91,950,389 | 75.17% | 0 |
| 4. | To authorise the directors of the Company to allot new ordinary shares | 91,000,578 | 98.97 | 949,811 | 1.03 | 91,950,389 | 75.17% | 0 |
| 5. | Disapplication of pre-emption rights* | 90,798,522 | 98.75 | 1,151,867 | 1.25 | 91,950,389 | 75.17% | 0 |
| 6. | Disapplication of pre-emption rights - specified capital projects* | 80,927,271 | 88.01 | 11,023,118 | 11.99 | 91,950,389 | 75.17% | 0 |
| 7. | To authorise the Company to purchase new ordinary shares* | 91,920,641 | 99.97 | 29,748 | 0.03 | 91,950,389 | 75.17% | 0 |
Notes:
- * indicates a Special Resolution requiring 75% of votes cast to be carried.
- Votes "For" and "Against" are expressed as a percentage of votes cast.
- Votes "For" include discretionary votes.
On Tuesday 14 July 2026, there were 123,355,197 ordinary shares in issue with 1,035,167 shares held in treasury, and therefore the total number of voting rights in the Company was 122,320,030. Ordinary shareholders are entitled to one vote per share held.
In accordance with UK Listing Rule 6.4.2R copies of all the resolutions passed other than resolutions concerning ordinary business will be submitted to the National Storage Mechanism today and will be shortly available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
A copy of the poll results for General Meeting will also be available on the Helical website at www.helical.co.uk shortly.
The full text of each of the resolutions is set out in the Circular including the Notice of General Meeting which is available on the Helical website at www.helical.co.uk.
Issuance of Shares and Total Voting Rights
Helical has today approved the allotment and issuance of 63 ordinary shares of 1 pence each in the capital of the Company (the "New Shares") to the trustee of the Helical Employee Benefit Trust, to ensure that the number of the Company's Existing Ordinary Shares is exactly divisible by 105 in order to effect the Share Consolidation (as further described in the Circular). An application has been made to the London Stock Exchange for admission to trading of the New Shares on its main market for listed securities under ISIN GB00B0FYMT95 and the New Shares will also be admitted to the Official List of the FCA (the "New Shares Admission"). The New Shares Admission is expected to take place at 8.00 a.m. on Friday 17 July 2026 and the New Shares will be fungible with the Company's other ordinary shares already admitted to trading.
Following such allotment and issuance, the Company's issued share capital will consist of 123,355,260 ordinary shares of 1 pence each, of which the Company will hold 1,035,167 shares in treasury and therefore the total number of voting rights in the Company will be 122,320,093.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.