Result of AGM
TheWorks.co.uk plc held its Annual General Meeting where all resolutions passed on a poll, except for Resolution 15 concerning the appointment of Graeme Coulthard as a director, which failed with 48.39% in favour and 51.61% against. Resolution 4, regarding the reappointment of Steve Bellamy as a director, also saw a significant number of votes against, primarily from two shareholders. The company will proceed with changing its registered name to TheWorks plc, pending Companies House approval.
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The Annual General Meeting of TheWorks.co.uk plc (AIM:WRKS) was held at 2.00 p.m. on Monday 7 September 2026. The Board of Directors of the Company (the "Board") is pleased to announce that all of the resolutions, with the exception of Resolution 15 (which was requisitioned by Kelso Group Holdings plc ("Kelso") and proposed the appointment of Graeme Coulthard as a director), were passed on a poll.
Full details of the poll results are set out below and will shortly be available on the Company's website at: https://corporate.theworks.co.uk/investors.
| No | RESOLUTION | VOTES FOR | % | VOTES AGAINST | % | TOTAL VOTES | % of ISC VOTED | VOTES WITHHELD |
|---|---|---|---|---|---|---|---|---|
| 1 | To receive the Directors' report and the accounts for the Company for the 52 weeks ended 3 May 2026 | 50,377,867 | 99.87% | 67,022 | 0.13% | 50,444,889 | 80.71 | 117,481 |
| 2 | To approve the Directors' remuneration report | 50,246,595 | 99.74% | 133,301 | 0.26% | 50,379,896 | 80.61 | 182,474 |
| 3 | To appoint Angela Rushforth as a Director | 50,352,381 | 99.82% | 92,120 | 0.18% | 50,444,501 | 80.71 | 117,869 |
| 4 | To reappoint Steve Bellamy as a Director | 39,157,678 | 77.62% | 11,287,156 | 22.38% | 50,444,834 | 80.71 | 117,536 |
| 5 | To reappoint Rosie Fordham as a Director | 50,377,714 | 99.87% | 67,610 | 0.13% | 50,445,324 | 80.71 | 117,536 |
| 6 | To reappoint Gavin Peck as a Director | 50,377,724 | 99.87% | 67,600 | 0.13% | 50,445,324 | 80.71 | 117,536 |
| 7 | To reappoint Nick Wharton as a Director | 50,352,718 | 99.82% | 92,536 | 0.18% | 50,445,254 | 80.71 | 117,606 |
| 8 | To reappoint Kreston Reeves Audit LLP as auditors of the Company | 50,343,639 | 99.80% | 100,738 | 0.20% | 50,444,377 | 80.71 | 118,483 |
| 9 | To authorise the Audit Committee of the Company to fix the remuneration of the auditors | 50,367,861 | 99.87% | 67,525 | 0.13% | 50,435,386 | 80.70 | 127,474 |
| 10 | To authorise the Directors to allot shares | 50,289,997 | 99.71% | 143,819 | 0.29% | 50,433,816 | 80.69 | 129,044 |
| 11 | Authority to disapply pre-emption rights | 50,295,911 | 99.73% | 138,125 | 0.27% | 50,434,036 | 80.69 | 128,824 |
| 12 | Additional authority to disapply pre-emption rights | 50,295,969 | 99.73% | 138,067 | 0.27% | 50,434,036 | 80.69 | 128,824 |
| 13 | To authorise the Company to purchase its own shares | 50,342,857 | 99.82% | 92,529 | 0.18% | 50,435,386 | 80.70 | 127,474 |
| 14 | To change the registered name of the Company to TheWorks plc | 50,367,857 | 99.87% | 67,529 | 0.13% | 50,435,386 | 80.70 | 127,474 |
| 15 | To appoint Graeme Coulthard as a Director | 24,355,537 | 48.39% | 25,976,787 | 51.61% | 50,332,324 | 80.53 | 230,536 |
Notes:
- The number of shares in issue at 6:30 p.m. on 3 September 2026 was 62,500,000. The Company does not hold any shares in treasury.
The Board notes the level of votes cast against Resolution 4, of which more than 99% was from two shareholders. The Board is aware of the reasons for these shareholders' adverse votes in respect of Resolution 4. The Board will continue to engage with these shareholders, as it will with other significant shareholders, as part of its ongoing investor relations activity.
As Resolution 15 was not passed, Mr Coulthard has not been appointed as a director of the Company. While 48.39% of votes cast in respect of Resolution 15 were in favour of Mr Coulthard's appointment, the Board notes that these votes were from a small number of shareholders. The Board is grateful for the support of its other shareholders who voted in accordance with its recommendations.
Change of Company Name to TheWorks plc
Further to receipt of shareholder approval of Resolution 14, the Special Resolution required to authorise changing the Company's registered name to TheWorks plc, such change is subject to Companies House issuing a Certificate of Incorporation on Change of Name. A further announcement will be made in due course following receipt of such certificate. Shareholders will remain unaffected by the change when made effective and existing share certificates will remain valid and should be retained.
| Enquiries: TheWorks.co.uk plc Steve Bellamy, Chairman Gavin Peck, CEO Rosie Fordham, CFO | via Hudson Sandler |
| Hudson Sandler - Financial PR Alex Brennan / Lucy Wollam | theworks@hudsonsandler.com 020 7796 4133 |
| Singer Capital Markets (Nomad and Broker) Peter Steel / Sara Hale | 020 7496 3000 |
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