Result of AGM
At PHSC's Annual General Meeting, resolutions 1 to 6 and 8 were passed, while resolution 7, concerning the allotment of shares without statutory pre-emption rights, was not. Specifically, resolutions 1 through 5 saw 5,068,862 votes in favor, representing 100% of votes cast. Resolution 6, to authorize directors to allot shares, passed with 3,168,860 votes for (62.52%) and 1,900,002 votes against (37.48%). Resolution 7, to disapply pre-emption rights, failed with 2,893,460 votes for (57.08%) and 2,175,402 votes against (42.92%). Resolution 8, regarding the company buying back its own shares, passed with 5,068,860 votes for and 2 votes against. The total number of voting rights in the company is 10,280,853, and 49.30% of issued share capital was voted at the AGM.
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PHSC (AIM: PHSC), a leading provider of health, safety, hygiene and environmental consultancy services and security solutions to the public and private sectors, announces that at its AGM held earlier today, resolutions 1 to 6 and 8 were passed while resolution 7, relating to the allotment of shares without applying statutory pre-emption rights, was not passed. Therefore, should the Board wish to allot shares in this manner before next year's AGM, it will need to seek prior shareholder approval at a general meeting.
The full results of the poll vote on each resolution are set out below:
| Resolution | Votes For* | % of votes cast** | Votes Against | % of votes cast** | Total votes cast** | Votes withheld** |
|---|---|---|---|---|---|---|
| Ordinary Resolutions | ||||||
| 1. To receive the Annual Report and Accounts | 5,068,862 | 100.00 | 0 | 0.00 | 5,068,862 | 0 |
| 2. To elect Frank Moxon as a director | 5,068,862 | 100.00 | 0 | 0.00 | 5,068,862 | 0 |
| 3. To re-elect Nicola Coote as a director | 5,068,862 | 100.00 | 0 | 0.00 | 5,068,862 | 0 |
| 4. To re-elect Lorraine Young as a director | 5,068,862 | 100.00 | 0 | 0.00 | 5,068,862 | 0 |
| 5. To reappoint Crowe UK LLP as auditors and authorise their remuneration | 5,068,862 | 100.00 | 0 | 0.00 | 5,068,862 | 0 |
| 6. To authorise the Directors to allot shares | 3,168,860 | 62.52 | 1,900,002 | 37.48 | 5,068,862 | 0 |
| Special Resolutions | ||||||
| 7. To authorise the Directors to disapply pre-emption rights | 2,893,460 | 57.08 | 2,175,402 | 42.92 | 5,068,862 | 0 |
| 8. To authorise the Company to buy back its own shares | 5,068,860 | 100.00 | 2 | 0.00 | 5,068,862 | 0 |
Notes:
* - Votes "For" include votes giving the Chair discretion.
** - A "Vote withheld" is not a vote in law and has not been counted in the calculation of the proportion of votes "For" and "Against" a particular resolution.
A total of 49.30% of issued share capital was voted at the AGM.
Total Voting Rights
The Company's issued share capital consists of 10,280,853 Ordinary Shares and the Company holds no Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 10,280,853.
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