Result of AGM

RNS Number : 6572V

Swallowfield PLC

04 November 2010

 



Swallowfield Plc ('the Company')

Result of AGM

Swallowfield plc is pleased to announce that, with the exception of Resolution 11, all of the resolutions presented by the Board to members were duly approved at today's AGM.  Following consultation with major shareholders the Board withdrew Resolution 9, set out in the Notice of AGM, which related to the authority of directors to allot new shares in the Company.

Resolution 11 was proposed by a major shareholder and would have had the effect of mandating the Board to appoint a further non executive director within 6 months of passing of the resolution. The reasons why the Board encouraged shareholders to vote against this resolution were set out in the Notice of AGM dated 7 October 2010.

Enquiries:

Swallowfield plc	01823 662241
Ian Mackinnon - Chief Executive Officer
Mark Warren - Finance Director
Smith & Williamson Corporate Finance	0117 3762213
Martyn Fraser - Nominated Adviser
Barrie Newton - Broking

 

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