2 March 2023
Victorian Plumbing Group plc
("Victorian Plumbing" or the "Company")
Result of 2023 Annual General Meeting
("AGM")
Victorian Plumbing Group plc (AIM: VIC), the UK's leading online specialist bathroom retailer, announces that all of the resolutions set out in the Notice of AGM were passed by the requisite majority at the Company's AGM, held earlier today.
Details of the poll votes received for each resolution are as follows:
|
Resolution |
For |
Against |
Withheld |
||
|
No. of votes |
% |
No. of votes |
% |
No. of votes |
|
|
1. To receive and adopt the Company's annual accounts for the financial year ended 30 September 2022. |
302,063,841 |
100.00% |
0 |
0.00% |
50 |
|
2. To re-appoint Ernst & Young LLP as the Company's auditor. |
301,976,279 |
100.00% |
6,562 |
0.00% |
81,050 |
|
3. To authorise the directors to determine the remuneration of the Company's auditors. |
301,980,934 |
100.00% |
1,907 |
0.00% |
81,050 |
|
4. To declare a final dividend of 1.1 pence per ordinary share for the year ended 30 September 2022. |
302,054,971 |
100.00% |
8,870 |
0.00% |
50 |
|
5. To declare a special dividend of 1.7 pence per ordinary share. |
302,054,971 |
100.00% |
8,870 |
0.00% |
50 |
|
6. To re-elect as a director Philip Bowcock. |
267,653,075 |
97.98% |
5,527,484 |
2.02% |
28,883,332 |
|
7. To re-elect as a director Mark Radcliffe. |
302,060,591 |
100.00% |
2,250 |
0.00% |
1,050 |
|
8. To re-elect as a director Paul Meehan. |
301,981,939 |
100.00% |
902 |
0.00% |
81,050 |
|
9. To re-elect as a director Damian Sanders. |
299,755,357 |
99.26% |
2,227,484 |
0.74% |
81,050 |
|
10. To elect Dianne Walker as a director of the Company. |
299,755,622 |
99.26% |
2,227,219 |
0.74% |
81,050 |
|
11. To authorise the directors to exercise all powers of the Company to allot Relevant Securities. |
301,958,940 |
99.97% |
99,901 |
0.03% |
5,050 |
|
12. To authorise the directors to disapply pre-emption rights.* |
301,931,395 |
99.96% |
126,446 |
0.04% |
6,050 |
|
13. To authorise the directors to disapply additional pre-emption rights.* |
301,929,782 |
99.96% |
126,711 |
0.04% |
7,398 |
|
14. To authorise the directors to make market purchases.* |
301,976,132 |
99.97% |
87,709 |
0.03% |
50 |
*Special resolution
Notes:
|
1. |
Proxy appointments which gave discretion to the Chairman of the AGM have been included in "For" total for the appropriate resolution. |
|
2. |
Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution. |
|
3. |
A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against". |
|
4. |
The number of shares in issue on 2 March was 325,227,984 with no shares in treasury. |
|
5. |
The full text of the resolutions passed at the AGM can be found in the Notice of Annual General Meeting which is available on the Company's website at https://www.victorianplumbingplc.com/investors/ . |
-ENDS-
For further information, please contact:
|
Victorian Plumbing Group plc Mark Radcliffe, Chief Executive Officer Paul Meehan, Chief Financial Officer Daniel Barton, Director of Finance and Company Secretary |
via FTI Consulting +44 20 3727 1000 |
|
FTI Consulting (Financial PR) Alex Beagley Eleanor Purdon Harriet Jackson Amy Goldup |
+44 20 3727 1000 |
|
Houlihan Lokey UK Ltd (Nominated Adviser) Sam Fuller, Tim Richardson |
+44 20 7484 4040 |
|
Barclays Bank PLC (Joint Broker) Nicola Tennent, Stuart Muress |
+44 20 7623 2323 |
|
Numis Securities Limited (Joint Broker) Luke Bordewich, Oliver Steele |
+44 20 7260 1000 |
About Victorian Plumbing Group
Victorian Plumbing is the UK's leading online specialist bathroom retailer, offering a wide range of over 32,000 products to B2C and trade customers. Victorian Plumbing offers its customers a one-stop shop solution for the entire bathroom with more than 125 own and third-party brands across a wide spectrum of price points.
The Group's product design and supply chain strengths are complemented by its creative and brand-focused marketing strategy, which predominantly focuses on online channels to drive significant and growing traffic to its website.