Result of AGM

In brief · summary, not quotable

RTC Group Plc announced that at its Annual General Meeting, Board-proposed resolutions 1-9 were passed, with significant support ranging from 75.32% to 100.00% for most resolutions, though resolution 2 saw 24.68% against. Shareholder-proposed resolutions 10 and 11 failed to pass, receiving only 33.71% and 30.02% of votes respectively. Despite the passage of Board resolutions, the company noted that over 20% of votes were cast against the Board's recommendation for resolutions 2, 10, and 11, and intends to consult further with investors to understand their feedback.

Full announcement

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Board-proposed resolutions 1-9 were passed; and
Shareholder-proposed resolutions 10 and 11 were not passed.

A poll was called on all resolutions, the results of which are outlined below.

	Votes for	%	Votes against	%	Votes total	% of issued capital	Votes withheld
1	7,161,101	92.56	575,789	7.44	7,736,890	61.63	153,633
2	5,452,217	75.32	1,786,148	24.68	7,238,365	57.66	652,158
3	6,411,445	82.81	1,330,774	17.19	7,742,219	61.67	148,304
4	7,702,601	99.99	789	0.01	7,703,390	61.36	187,133
5	7,736,101	99.99	789	0.01	7,736,890	61.63	153,633
6	7,740,897	100.00	139	0.00	7,741,036	61.66	149,487
7	7,458,735	95.91	318,173	4.09	7,776,908	61.95	113,615
8	7,331,895	94.80	402,184	5.20	7,734,079	61.61	156,444
9	7,407,872	95.70	333,164	4.30	7,741,036	61.66	149,487
10	2,676,267	33.71	5,262,736	66.29	7,939,003	63.24	4,000
11	2,383,038	30.02	5,555,965	69.98	7,939,003	63.24	4,000

The Board notes that although Board resolution 2 was passed, and shareholder resolutions 10 and 11 were not passed, more than 20% of the votes were cast against the Board's recommendation in each case. The Board remains committed to an open dialogue and will continue to consult with investors to understand their feedback following the AGM.

~ Ends ~

UK division