Result of AGM
Logistics Development Group plc announced the results of its Annual General Meeting, where resolutions 1-7 and 10 were passed, but special resolutions 8 and 9, concerning the disapplication of pre-emption rights, failed to achieve the required 75% approval. Resolution 1, to receive the audited accounts, passed with 99.97% of votes for, while resolutions for director re-appointments and auditor re-appointment also saw overwhelming support, exceeding 99.85%. Resolution 7, to allot shares, passed with 83.78% in favour, and resolution 10, to authorise market purchases of own shares, passed with 99.97% for. David Facey stepped down from the Board.
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Logistics Development Group plc, the AIM Investing Company, announces that at its Annual General Meeting held at 11.30 a.m. on 18 June 2026, out of all 10 resolutions put to the members resolutions 1-7 and 10 were passed on a poll. Resolutions 8 and 9, which were special resolutions requiring 75% approval, did not pass. Accordingly, resolutions 1-7 were passed as ordinary resolutions and resolution 10 was passed as a special resolution.
The results of the polls are set out below:
| Resolution | For (see note 1) | Against (see note 1) | Votes withheld (see note 2 ) | |||
|---|---|---|---|---|---|---|
| Votes | % | Votes | % | |||
| 1 | To receive the audited accounts and the auditors' and directors' reports for the year ended 31 December 2026. | 231,520,166 | 99.97% | 66,295 | 0.03% | 35,923 |
| 2 | To re-appoint Adrian Collins as a director. | 231,245,451 | 99.85% | 339,739 | 0.15% | 37,194 |
| 3 | To appoint Mark Butcher as a director. | 231,245,552 | 99.85% | 339,638 | 0.15% | 37,194 |
| 4 | To appoint Colin Kingsnorth as a director | 231,246,528 | 99.85% | 338,662 | 0.15% | 37,194 |
| 5 | To re- appoint Haysmac LLP as auditor. | 231,265,515 | 99.86% | 334,077 | 0.14% | 22,792 |
| 6 | To authorise the board of directors to determine the auditor's remuneration | 231,306,272 | 99.88% | 278,148 | 0.12% | 37,964 |
| 7 | To authorise the Directors to allot and grant rights to subscribe for or convert any security into shares. | 194,022,421 | 83.78% | 37,570,991 | 16.22% | 28,972 |
| 8 | Authority to disapply pre-emption rights. | 121,269,836 | 52.36% | 110,322,484 | 47.64% | 30,064 |
| 9 | Additional authority to disapply pre-emption rights. | 121,317,909 | 52.39% | 110,264,561 | 47.61% | 39,914 |
| 10 | To authorise the Directors to make market purchases of the Company's own shares. | 231,442,123 | 99.97% | 64,069 | 0.03% | 116,192 |
Notes:
1 Votes "For" and "Against" are expressed as a percentage of votes received.
As notified on 15 May 2026, David Facey did not stand for re-election and has stepped down from the Board with effect from the conclusion of the AGM. The Board reiterates their thanks to David for his services to the Board and wishes him all the best for the future. It is expected that Mark Butcher shall be appointed as Chair of the Audit Committee in due course.
| For enquiries: Strand Hanson Limited (Financial and Nominated Adviser) James Dance Richard Johnson Abigail Wennington | +44 (0) 20 7409 3494 |
| Singer Capital Markets (Corporate Broker) James Maxwell - Corporate Sam Greatrex - Sales | +44 (0) 20 7496 3000 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.