Result of AGM

Loungers PLC

13 October 2023

 

13 October 2023

Loungers plc

("Loungers" or "the Company")

Result of the Annual General Meeting ("AGM")

The Board is pleased to announce that all of the resolutions put to shareholders at today's AGM were passed by means of a poll, including the ordinary resolutions (1 to 7) and special resolutions (resolutions 8 to 11) set out in the Company's notice of AGM dated 1 September 2023.

The final voting figures are shown below.

Resolution	Total Votes Cast	For (*)		Against		Withheld
		Number	%	Number	%
1: To receive the Company's audited accounts together with the reports thereon of the Directors and auditors	91,260,682	91,259,752	100.00%	0	0.00%	930
2: To re-elect Alexander Reilley as a Director	91,260,682	91,258,212	100.00%	1,500	0.00%	970
3: To re-elect Nicholas Backhouse as a Director	91,260,682	85,324,016	95.52%	3,999,751	4.48%	1,936,915
4: To re-elect Robert Darwent as a Director	91,260,682	83,721,903	93.73%	5,601,864	6.27%	1,936,915
5: To re-appoint PricewaterhouseCoopers LLP as auditors of the Company	91,260,682	91,256,357	100.00%	2,825	0.00%	1,500
6: To authorise the Audit Committee to set the auditors' remuneration	91,260,682	91,258,252	100.00%	1,500	0.00%	930
7: To authorise the Directors to allot shares	91,260,682	82,796,099	90.73%	8,463,617	9.27%	966
8: To authorise the Directors to disapply statutory pre-emption rights in respect of 10% of the Company's issued share capital	91,260,682	82,834,334	90.77%	8,425,382	9.23%	966
9: To authorise the Directors to disapply statutory pre-emption rights in respect of an additional 10% of the Company's issued share capital	91,260,682	82,834,451	90.77%	8,425,265	9.23%	966
10. To authorise the Company to buy back shares	91,260,682	91,260,646	100.00%	0	0.00%	36
11. That a general meeting, other than an AGM, may be called on not less than 14 clear days' notice.	91,260,682	91,228,382	99.97%	31,300	0.03%	1,000

(*) = Includes discretionary votes

The total number of Ordinary 1p shares in issue, excluding the 195,000 treasury shares as at the date of the AGM, was 103,705,642. The Company's Articles of Association set out that every member who is present in person or by proxy shall have one vote for every share of which he is the holder on a poll.

For further information please contact:

Loungers plc Nick Collins, Chief Executive Officer Gregor Grant, Chief Financial Officer	Via Powerscourt
Houlihan Lokey UK Limited (Financial Adviser and NOMAD) Sam Fuller / Tim Richardson	Tel: [phone]
Powerscourt  (Financial Public Relations) Rob Greening / Nick Hayns /Elizabeth Kittle	Tel: [phone]

 

END