Result of AGM

RNS Number : 0779A

Volution Group plc

17 December 2014

 



17 December 2014

Volution Group plc

Results of Annual General Meeting

Volution Group plc (the "Company", LSE: FAN) a leading supplier of ventilation products to the residential construction market, announces that all resolutions put to the Annual General Meeting held at 11.00am on 17 December 2014 at The Lincoln Centre, 18 Lincoln's Inn Fields, London WC2A 3ED, were duly passed on a poll.  The results of the poll, incorporating the proxy votes lodged in advance of the meeting, are set out below.

Resolution		FOR 1		AGAINST		WITHHELD 2	TOTAL VOTE
		Number of votes	% of votes cast	Number of votes	% of votes cast	Number of votes	Number of votes
VOTES OF ALL SHAREHOLDERS
01	Annual Report and Accounts	179,988,175	100.00%	0	0.00%	4,000,000	183,988,175
02	Directors' Remuneration Policy	179,988,175	100.00%	0	0.00%	4,000,000	183,988,175
03	Directors' Remuneration Report	179,572,767	99.77%	415,408	0.23%	4,000,000	183,988,175
04	Elect Peter Hill	179,988,175	100.00%	0	0.00%	4,000,000	183,988,175
05	Elect Adrian Barden	179,988,175	100.00%	0	0.00%	4,000,000	183,988,175
06	Elect Gavin Chittick	179,988,175	100.00%	0	0.00%	4,000,000	183,988,175
07	Elect Ian Dew	179,988,175	100.00%	0	0.00%	4,000,000	183,988,175
08	Elect Ronnie George	179,988,175	100.00%	0	0.00%	4,000,000	183,988,175
09	Elect Paul Hollingworth	179,988,175	100.00%	0	0.00%	4,000,000	183,988,175
10	Elect Tony Reading	179,988,175	100.00%	0	0.00%	4,000,000	183,988,175
11	Re-appoint auditor	174,102,575	96.73%	5,885,600	3.27%	4,000,000	183,988,175
12	Remuneration of auditor	174,102,575	96.73%	5,885,600	3.27%	4,000,000	183,988,175
13	Authority to incur Political donations	179,567,767	99.77%	420,408	0.23%	4,000,000	183,988,175
14	Authority to allot shares	179,140,591	99.53%	847,584	0.47%	4,000,000	183,988,175
15 3	Authority to disapply pre-emption rights	173,592,933	96.45%	6,395,242	3.55%	4,000,000	183,988,175
16 3	Authority to call a general meeting on 14 clear days' notice	179,518,399	99.74%	469,776	0.26%	4,000,000	183,988,175

VOTES OF SHAREHOLDERS EXCLUDING CONTROLLING SHAREHOLDER
05	Elect Adrian Barden	57,237,088	100.00%	0	0.00%	4,000,000	61,237,088
09	Elect Paul Hollingworth	57,237,088	100.00%	0	0.00%	4,000,000	61,237,088
10	Elect Tony Reading	57,237,088	100.00%	0	0.00%	4,000,000	61,237,088

Notes:

1.   Any proxy appointments giving discretion to the Chairman of the Meeting have been included in the "For" totals above.

2.   A vote "Withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.

3.   Indicates Special Resolutions requiring a 75% majority to be passed.

4. As the Company has a controlling shareholder (Windmill Holdings B.V.) as defined in the Financial Conduct Authority's Listing Rules, each resolution to elect an independent director (resolutions 5, 9 & 10) has 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.

5.   The Company's total ordinary shares in issue (total voting rights) as at 17 December 2014, was 200,000,000 ordinary shares of 1 pence each. The total ordinary shares (total voting rights) held by shareholders excluding the controlling shareholder as at 17 December 2014 was 77,248,913 ordinary shares of 1 pence each. Ordinary shareholders are entitled to one vote per ordinary share held.

6.   The proxy votes received, including votes withheld, amount to 91.99% of the total issued share capital.

In accordance with UK Listing Rule 9.6.2 copies of all the resolutions passed other than resolutions concerning ordinary business have been submitted to the UK Listing Authority via the National Storage Mechanism and will shortly be available for inspection at www.Hemscott.com/nsm.do.

The Notice of Annual General Meeting 2014 together with the Annual Report and Accounts 2014 can be found on the Company's website at:

http://www.volutiongroupplc.com/investors/reports-results-and-presentations 

- ends -

Enquiries:

Volution Group plc

Michael Anscombe, Company Secretary                               [phone]

Notes to Editors:

Volution Group plc (LSE: FAN) is a leading supplier of ventilation products to the residential construction market in the UK, Sweden and Germany.

The Group sold approximately 20 million ventilation products and accessories in the financial year ended 31 July 2014. It consists of five key brands, focused primarily on the UK, Swedish and German ventilation markets - Vent-Axia, Manrose, Fresh, PAX and inVENTer - and operates through two divisions: the Ventilation Group, which principally supplies ventilation products for residential construction applications in the UK, Sweden and Germany and ventilation products for commercial construction applications in the UK; and Torin-Sifan, which supplies motors, fans and blowers to OEMs of heating and ventilation products for both residential and commercial construction applications in Europe. 

For more information, please go to:  http://www.volutiongroupplc.com/

 

END

 

 

RAGUBUVRSRAUAAA