Result of AGM
Macfarlane Group PLC announced that all resolutions were passed at its Annual General Meeting, with 53.60% of the issued share capital represented by proxy appointments totaling 83,702,648 shares. Key resolutions, including the adoption of accounts, approval of the remuneration report, and the final dividend, received overwhelming support, with votes in favour ranging from 97.13% to 99.97%. Directors were re-elected with strong majority support, and the reappointment of Deloitte LLP as auditors was also approved by 99.77% of votes. Authorities to allot shares and dis-apply pre-emption rights were passed with over 96% in favour, and the authority to repurchase shares was approved by 97.51%.
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Macfarlane Group PLC confirms that shareholders passed all resolutions proposed at the Annual General Meeting held today. The resolutions were as set out in the Notice of Meeting, as filed with the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and are also available on the company's website, www.macfarlanegroup.com.
Total number of shares in issue 156,175,491. Proxy appointments were received from shareholders of 83,702,648 shares (including votes withheld) amounting to 53.60% of the issued share capital.
All resolutions were passed on a poll with resolutions 1 to 12 passed as ordinary resolutions and resolutions 13 to 15 passed as special resolutions.
The following level of proxy appointments were lodged prior to the meeting:
| Resolution and description | In Favour Votes | Against Votes | Withheld Votes | ||
|---|---|---|---|---|---|
| No. | % | No. | % | No. | |
| 1. Adoption of the accounts | 83,526,068 | 99.91% | 77,939 | 0.09% | 98,641 |
| 2. Approval of the Remuneration Report | 81,163,088 | 97.13% | 2,400,415 | 2.87% | 139,145 |
| 3. Approval of Final Dividend | 83,566,895 | 99.97% | 29,144 | 0.03% | 106,609 |
| 4. Re-elect Aleen Gulvanessian | 79,906,332 | 95.65% | 3,631,936 | 4.35% | 164,380 |
| 5. Re-elect Peter D. Atkinson | 83,430,631 | 99.85% | 129,447 | 0.15% | 142,570 |
| 6. Re-elect Ivor Gray | 83,450,713 | 99.87% | 107,555 | 0.13% | 144,380 |
| 7. Re-elect James W.F. Baird | 82,484,197 | 98.72% | 1,072,789 | 1.28% | 145,662 |
| 8. Re-elect Laura Whyte | 82,735,270 | 99.01% | 827,706 | 0.99% | 139,672 |
| 9. Re-elect David Stirling | 82,756,839 | 99.04% | 803,620 | 0.96% | 142,189 |
| 10. Re-appoint Deloitte LLP as auditors | 83,161,966 | 99.77% | 187,635 | 0.23% | 353,047 |
| 11. Authorise the Directors to determine Auditor's remuneration | 83,450,065 | 99.83% | 142,198 | 0.17% | 110,385 |
| 12. Authority to allot unissued shares under S. 551 of the Companies Act 2006 | 80,496,596 | 99.46% | 434,995 | 0.54% | 2,771,057 |
| 13. Authority to dis-apply pre-emption rights pursuant to S. 561 of the Companies Act 2006 for 5% of the issued share capital | 77,996,566 | 96.38% | 2,930,149 | 3.62% | 2,775,933 |
| 14. Authority to dis-apply pre-emption rights pursuant to S. 561 of the Companies Act 2006 for an additional 5% of the issued share capital | 78,007,112 | 96.40% | 2,915,859 | 3.60% | 2,779,677 |
| 15. Authority to re-purchase its own shares, up to a maximum of 15,960,000 shares (10% of shares outstanding) | 81,511,020 | 97.51% | 2,085,508 | 2.49% | 106,120 |
A vote withheld is not a vote in law and is not counted in the calculation of the number or % of votes "For" or "Against" a resolution.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.