Results of the Annual General Meeting

RNS Number : 5682P
Highcroft Investments PLC
10 June 2020
 

Annual General Meeting 2020

Highcroft Investments plc

(the "Company" or "Highcroft")

Results of the Annual General Meeting held on 10 June 2020

Highcroft announces that at its Annual General Meeting, which was held at 12.00 today, all the proposed resolutions were duly approved by the shareholders by way of a poll.   Resolutions 1 to 10 were proposed as ordinary resolutions and resolution 11 was proposed as a special resolution.  The voting results are set out below and are also available on the Company's website at www.highcroftplc.com. 

Under the Financial Conduct Authority's Listing Rules, because the Kingerlee Concert Party is classed as a "controlling shareholder" (defined as a person who exercises or controls, on  their own or together with any other person with whom they are acting in concert, 30% or more of the voting rights in the Company) a resolution for the election and re-election of independent directors must be approved by an ordinary resolution of, the shareholders and separately approved by, those shareholders who are not controlling shareholders (the "Independent Shareholders").

Accordingly the results below show the voting by all shareholders and, separately, on resolutions 4 and 8 only, the voting by the Independent Shareholders (which excludes the voting interest of the Kingerlee Concert Party, as controlling shareholder, holding 2,127,382 ordinary shares which represents 41.1% of the issued ordinary share capital of the Company).

 



In favour

Against



RESOLUTION

Votes

%age

Votes

%age

Withheld

To receive and consider the report and accounts for the year ended 31 December 2019.

1,933,225

100

0

0

2,500

To approve a final property income distribution of 27p per share on the ordinary shares of the Company for the year ended 31 December 2019 to be paid on 19 June 2020 to shareholders on the register of members on 15 May 2020.

1,933,225

100

0

0

2,500

In accordance with the Companies Act 2006, to approve, on an advisory only basis the directors' remuneration report, excluding the part containing the directors' remuneration policy, contained in the annual report for the year ended 31 December 2019.

1,933,225

99.87

2,500

0.13

0

To re-elect Charles Butler as a director of the Company.

1,933,225

99.87

2,500

0.13

0

To re-elect Simon Gill as a director of the Company.

1,933,225

100

0

0

2,500

To re-elect David Kingerlee as a director of the Company.

1,933,225

100

0

0

2,500

To re-elect Roberta Miles as a director of the Company.

1,933,225

100

0

0

2,500

To re-elect Simon Costa as a director of the Company.

1,933,225

99.87

2,500

0.13

0

To re- appoint Mazars LLP as auditor to hold office from the conclusion of the meeting to the conclusion of the next meeting at which accounts are laid before the Company.

1,933,225

100

0

0

2,500

10 

To authorise the board to fix the appointment of the auditor for the ensuing year.

1,933,225

100

0

0

2,500

11 

That a General Meeting of the Company (other than an Annual General Meeting) may be called on not less than 14 days' notice.

1,933,225

100

0

0

2,500

 

 

 

Votes of Independent Shareholders (excluding the voting interest of the Kingerlee Concert Party)



In favour

Against



RESOLUTION

Votes

%age

Votes

%age

Withheld

4

To re-elect Charles Butler as a director of the Company.

109,685

97.77

2,500

2.23

0

8

To re-elect Simon Costa as a director of the Company.

109,685

97.77

2,500

2.23

0

 

Notes:

(a) The votes in favour include those votes giving the Chairman discretion.

(b) A vote withheld is not a vote in law and is not counted in the votes for or against a resolution.

 

 

 

Enquiries:

Highcroft Investments PLC

Charles Butler/Roberta Miles 01865 840023


N+1 Singer
Peter Steel / Amanda Gray - Corporate Finance

Tom Salvesen - Corporate Broking

 

 

020 7496 3000

 

 


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