Result of AGM
Vp plc announced that all resolutions presented at its Annual General Meeting on July 23, 2026, were passed by shareholders. Key resolutions included the approval of the financial statements for the year ended March 31, 2026, and the declaration of a final dividend of 28.0 pence per ordinary share. The re-election of directors and the re-appointment of PricewaterhouseCoopers LLP as auditor also received strong support, with over 91% of votes in favour for all director re-elections and over 99% for the auditor. The company also received approval for its Directors' Remuneration Policy and the authority to purchase its own shares.
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Vp plc (the "Company") announces that at its Annual General Meeting ("AGM") held today, all resolutions set out in the notice of the AGM were passed by the requisite majority of votes by shareholders by way of a poll.
The full text of the resolutions proposed at the AGM is included in the Company's Notice of AGM published on 22 June 2026, which is available on the Investors section of the Company's website at https://www.vpplc.com/investors/.
The results of the poll for each resolution were as follows:
ORDINARY RESOLUTIONS
| 1. To receive the Company's financial statements and the reports of the Directors together with the Auditor's Report for the year ended 31 March 2026 | 31,400,668 | 99.96% | 13,340 | 0.04% | 31,414,008 | 78.23% | 5,122 |
| 2. To declare a final dividend of 28.0 pence per ordinary share | 31,407,522 | 99.97% | 10,495 | 0.03% | 31,418,017 | 78.24% | 1,113 |
| 3. To elect Alice Woodwark as a Director | 31,403,533 | 99.95% | 14,322 | 0.05% | 31,417,855 | 78.24% | 1,275 |
| 4. To re-elect Jeremy Pilkington as a Director | 31,128,601 | 99.21% | 247,998 | 0.79% | 31,376,599 | 78.14% | 42,531 |
| 5. To re-elect Keith Winstanley as a Director | 31,402,344 | 99.95% | 15,505 | 0.05% | 31,417,849 | 78.24% | 1,281 |
| 6. To re-elect Mark Bottomley as a Director | 28,747,953 | 91.50% | 2,669,896 | 8.50% | 31,417,849 | 78.24% | 1,281 |
| 7. To re-elect Richard Smith as a Director | 31,332,504 | 99.73% | 85,345 | 0.27% | 31,417,849 | 78.24% | 1,281 |
| 8. To re-elect Stuart Watson as a Director | 31,296,315 | 99.61% | 121,534 | 0.39% | 31,417,849 | 78.24% | 1,281 |
| 9. To re-appoint PricewaterhouseCoopers LLP as auditor of the Company | 31,353,357 | 99.79% | 65,773 | 0.21% | 31,419,130 | 78.25% | - |
| 10. To authorise the directors to determine the auditor's remuneration | 31,404,219 | 99.95% | 14,911 | 0.05% | 31,419,130 | 78.25% | - |
| 11. To approve the Directors' Remuneration Report | 31,384,722 | 99.90% | 32,523 | 0.10% | 31,417,245 | 78.24% | 1,885 |
| SPECIAL RESOLUTIONS | |||||||
| 12. To approve the Directors Remuneration Policy | 31,275,679 | 99.56% | 139,613 | 0.44% | 31,415,292 | 78.24% | 3,838 |
| 13. To authorise the Company to purchase its own shares | 31,299,180 | 99.62% | 119,766 | 0.38% | 31,418,946 | 78.25% | 184 |
| 14. To approve the calling of a general meeting other than an annual general meeting on not less than 14 clear days' notice | 31,344,498 | 99.77% | 72,053 | 0.23% | 31,416,551 | 78.24% | 2,579 |
Ackers P Investment Company Limited (a company of which Jeremy Pilkington is a director of) is regarded as a controlling shareholder of the Company for the purposes of the Listing Rules, and each resolution to re-elect independent non-executive directors (resolutions 5, 6 and 7) have under Listing Rule 9.2.2E been approved by a majority of the votes cast by:
- the shareholders of the Company as a whole; and
- the independent shareholders of the Company, that is, all the shareholders entitled to vote on each resolution excluding the controlling shareholder.
Votes cast by shareholders excluding the controlling shareholder are shown below:
| RESOLUTION | VOTES FOR | % | VOTES AGAINST | % | TOTAL SHARES VOTED | % OF ISSUED SHARE CAPITAL VOTED | VOTES WITHHELD |
|---|---|---|---|---|---|---|---|
| 6. To re-elect Mark Bottomley as a Director | 8,565,768 | 76.22% | 2,669,896 | 23.76% | 11,235,664 | 27.98% | 1,281 |
| 7. To re-elect Richard Smith as a Director | 11,150,319 | 99.22% | 85,345 | 0.76% | 11,235,664 | 27.98% | 1,281 |
| 8. To re-elect Stuart Watson as a Director | 11,114,130 | 98.89% | 121,534 | 1.08% | 11,235,664 | 27.98% | 1,281 |
Notes:
- All resolutions were passed.
- Any proxy appointments giving discretion to the Chairman of the AGM have been included in the "For" total.
- A vote "Withheld" is not a vote in law and is not counted in the calculation of percentage of shares voted "For" or "Against" any resolution nor in the calculation of the "% of issued share capital voted" for any resolution.
- The Company's total of ordinary shares in issue (total voting rights) on 19 June 2026, being the time at which a person had to be registered in the Company's register of members in order to vote at the AGM, was 40,154,253 ordinary shares of 5 pence each. Ordinary shareholders are entitled to one vote per ordinary share held.
- The total number of ordinary shares held by shareholders excluding the controlling shareholder on 19 June 2026 was 19,972,842.
- In accordance with paragraph 9.6.2 of the Listing Rules, a copy of the resolutions passed at the AGM will shortly be submitted to the National Storage Mechanism and will be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
- A copy of this announcement will be available on the Company's website at https://www.vpplc.com/investors/.
Sarah (Sally) Jones, Company Secretary
Vp plc
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