Result of AGM

Distil PLC

03 September 2026

 

Distil Plc

Result of Annual General Meeting (AGM)

Distil Plc (AIM:DIS) (the "Company"), is pleased to announce the results of the 2026 AGM which was held at 10:00 a.m. on Thursday 3 September 2026 at the offices of Allenby Capital Limited, 5 St Helen's Place, London, EC3A 6AB. All 6 resolutions which were put to Shareholders were duly passed on a poll.

The number of votes cast for and against each of the resolutions proposed, and the number of votes withheld were as follows:

Resolution	Votes for†	%	Votes against	%	Votes withheld
Resolution 1 (Ordinary) To appoint Philip Naughton as a director of the Company	795,976,446	99.82	1,469,659	0.18	107,459
Resolution 2 (Ordinary) To appoint David Smith as a director of the Company (see notice)	795,976,446	99.82	1,469,659	0.18	107,459
Resolution 3 (Ordinary) To effect the Capital Reorganisation (see notice)	768,742,415	96.40	28,711,149	3.60	100,000
Resolution 4 (Special) To amend the Articles of Association (see notice)	768,706,483	96.40	28,743,134	3.60	103,947
Resolution 5 (Ordinary) To authorise the Directors to allot Equity Securities pursuant to section 551 of the Companies Act 2006 (see notice)	768,260,296	96.34	29,193,268	3.66	100,000
Resolution 6 (Special) THAT, subject to Resolution 5, the Directors be authorised to allot Equity Securities for cash as if section 561 of the Companies Act 2006 did not apply (see notice)	768,163,081	96.33	29,290,483	3.67	100,000

†Proxy appointments which gave discretion to the Chairman have been included in the "for" total.

Capital Reorganisation

Following shareholders' approval of resolutions 3 and 4, the share capital reorganisation (the "Capital Reorganisation") will now proceed.

As at 6:00 p.m. this evening each ordinary share of 0.1p each in the Company (the "Ordinary Shares") will be sub-divided into 1 new ordinary share of 0.01p each (the "New Ordinary Shares") and 1 B deferred share of 0.09p each (the "B Deferred Share").

Following the Capital Reorganisation, the Company's issued share capital will comprise 2,033,799,769 New Ordinary Shares of 0.01p each, 2,033,799,769 B Deferred Shares of 0.09 p each, and 87,758,508 Deferred Shares of 0.9p each. Dealings in the New Ordinary Shares of 0.01p each will commence at 8:00 a.m. on 4 September 2026.

The ISIN code for the New Ordinary Shares remains as GB0030164023.

Existing share certificates for the Ordinary Shares will remain valid instruments of title - no replacement share certificates will be issued following the Capital Reorganisation. CREST accounts of shareholders will not be credited in respect of any entitlement to new B Deferred Shares, and no share certificates will be issued in respect of the B Deferred Shares.

Admission and Total Voting Rights

Application has been made to the London Stock Exchange for admission of the 2,033,799,769 Mew Ordinary Shares of 0.01p each to trading on AIM.

It is expected that admission will become effective and dealings in the New Ordinary Shares will commence on AIM at 8:00 a.m. on 4 September 2026. Following Admission, the total number of New Ordinary Shares of 0.01p each in the share capital of the Company in issue will be 2,033,799,769 voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company's issued share capital pursuant to the Company's Articles of Association.

Capitalised terms used in this announcement shall, unless defined in this announcement or unless the context provides otherwise, bear the same meaning ascribed to such terms in the Announcement made by the Company at 10:30 a.m. on 11 August 2026.

For further information:

Distil PLC
Philip Naughton, Non-Executive Chairman David Smith, Chief Executive Officer	Tel: [phone]
SPARK Advisory Partners Limited (NOMAD)
Neil Baldwin Mark Brady	Tel: [phone]
Allenby Capital Ltd (Broker)
James Reeve/Jos Pinnington/Matt Butlin	Tel: [phone]

 

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