Result of Requisitioned General Meeting
Sanderson Design Group PLC announced that at a requisitioned general meeting, both resolutions proposed by Ropemaker Nominees Limited on behalf of LBV Actio Limited failed to pass. Resolution 1, to remove Dame Dianne Thompson as director, saw 70.21% of votes cast against it, while Resolution 2, to appoint Stephen Brooke as director, had 67.93% of votes cast against it. The company stated that this result demonstrates continued shareholder support for the Board's position and its succession plan, and the Board remains focused on delivering the Group's strategy and creating long-term shareholder value.
Select text to share a quote on X · sign in to keep highlights & notes in your SDG notes
Sanderson Design Group PLC (AIM: SDG), the luxury interior furnishings group, announces that at the requisitioned general meeting held at 9.00 a.m. on 29 October 2026 (the "Requisitioned General Meeting") both resolutions proposed by Ropemaker Nominees Limited, on behalf of LBV Actio Limited ("LBV"), were not passed on a poll by the requisite majorities.
Excluding the votes LBV cast in favour of its own resolutions, 90.2% and 87.3% of the votes cast in relation to resolutions 1 and 2 respectively, were voted against the requisitioned resolutions.
Details of the votes cast on each resolution at the Requisitioned General Meeting are set out in the table below.
| Resolution | For | Against | Withheld* | ||
|---|---|---|---|---|---|
| Shares | % of votes cast | Shares | % of votes cast | Shares | |
| 1. Removal of Dame Dianne Thompson from office as director of the Company | 12,997,964 | 29.79 | 30,628,821 | 70.21 | 1,987,859 |
| 2. Appointment of Stephen Brooke as director of the Company | 13,992,861 | 32.07 | 29,636,804 | 67.93 | 1,984,979 |
*A vote withheld is not a vote in law and is not included when calculating the percentages of votes cast For and Against the resolutions.
Dame Dianne Thompson, Chair of Sanderson Design Group, said:
"On behalf of the Board, I would like to thank shareholders for their support, their engagement throughout this process, and for taking the time to vote. Today's result demonstrates continued shareholder support for the Board's position and for the orderly succession plan we have set out. We have listened carefully to the views expressed, including those of shareholders who supported the resolutions, and will continue to welcome challenge and engage constructively with all shareholders.
"Looking ahead, the Board remains firmly focused on delivering the Group's strategy and creating long term shareholder value. We are building encouraging momentum across our key growth areas of North America, licensing and direct-to-consumer, as demonstrated by our half-year results, and the significant opportunity presented by the recent Designers Guild licence agreement. We have a clear strategy, a strong platform, a great management team, and remain confident in the opportunities ahead."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.