Result of AGM
PHSC PLC announced that at its Annual General Meeting, resolutions 1 to 6 and 8 were passed, with 77.00% of votes cast for the Annual Report and Accounts and 100.00% for the election of Nikki Porter as director. However, resolution 7, concerning the disapplication of pre-emption rights, failed to pass with only 66.22% of votes in favour, meaning the company will require prior shareholder approval for any future share allotments without these rights. The company's total voting rights stand at 10,280,853 ordinary shares.
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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 Company's Chief Executive Officer also gave a presentation to shareholders at the AGM. The presentation is available to view on the Company's website at https://www.phsc.plc.uk/.
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 | 4,182,322 | 77.00 | 1,249,074 | 23.00 | 5,431,396 | 50,000 |
| 2. To elect Nikki Porter as a director | 3,481,379 | 100.00 | 17 | 0.00 | 3,481,396 | 2,000,000 |
| 3. To re-elect Lorraine Young as a director | 3,614,228 | 69.62 | 1,577,168 | 30.38 | 5,191,396 | 290,000 |
| 4. To re-elect Frank Moxon as a director | 3,614,228 | 100.00 | 17 | 0.00 | 3,614,245 | 1,867,151 |
| 5. To reappoint Crowe UK LLP as auditors and authorise their remuneration | 3,854,186 | 70.96 | 1,577,210 | 29.04 | 5,431,396 | 50,000 |
| 6. To authorise the Directors to allot shares | 3,596,728 | 66.22 | 1,834,668 | 33.78 | 5,431,396 | 50,000 |
| Special Resolutions | ||||||
| 7. To authorise the Directors to disapply pre-emption rights | 3,596,770 | 66.22 | 1,834,626 | 33.78 | 5,431,396 | 50,000 |
| 8. To authorise the Company to buy back its own shares | 5,431,337 | 100.00 | 59 | 0.00 | 5,431,396 | 50,000 |
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 52.83% 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.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.