Victoria PLC
('Victoria,' the 'Company,' or the 'Group')
Result of General Meeting / Directorate Change
Victoria PLC, (LSE: VCP) the international designers, manufacturers and distributors of innovative floorcoverings, announces that, at the General Meeting held today all resolutions were duly passed.
The resolutions were put to the meeting on a poll and the results of the poll were as follows:
|
Resolution |
For |
Against |
Withheld |
|
1. Removal of Katherine Innes Ker as a director of the Company; |
3,789,768 |
1,719,259 |
554 |
|
2. Appointment of Alexander Anton as a director of the Company; |
3,654,393 |
1,854,823 |
365 |
|
3. Removal of David Garman as a director of the Company; |
3,648,232 |
1,860,795 |
554 |
|
4. Appointment of Geoffrey Wilding as a director of the Company; |
3,535,736 |
1,709,980 |
263,865 |
|
5. Appointment of Andrew Harrison as a director of the Company; |
3,654,732 |
1,849,295 |
554 |
Accordingly, with immediate effect, the Board comprises Geoff Wilding, Executive Chairman, and Alexander Anton and Andrew Harrison, non-executive directors. Katherine Innes Ker and David Garman were removed as Directors at the meeting. Further details on the directors are set out below in Annex A.
- Ends -
For more information contact:
|
Victoria PLC Geoff Wilding |
+44 (0) 1562 749 300 |
|
Seymour Pierce Jonathan Wright (Corporate finance) Tom Sheldon (Corporate finance) Richard Redmayne (Corporate broking) Jacqui Briscoe (Corporate broking) |
+44 (0) 20 7107 8000 |
|
MHP Nick Denton Vicky Watkins |
+44 (0) 7770 272 083 +44 (0) 7940 005 979 |
Annex A
Geoffrey Wilding is a former investment banker resident in England. He set up his own investment company in New Zealand in 1989 and has established a track record of creating value for shareholders, having developed and grown a number of substantial companies over the last 20 years. He sold his most recent company in a A$220 million (£150 million) transaction to a private equity firm. Geoff is a shareholder in Flooring Brands Limited, one of Australasia's largest carpet retailers with sales of more than A$200 million (£136 million) and a major customer of Victoria Carpets in Australia. Geoff sat on the Board of the Company between March and August 2012.
Alexander Anton, a member of the founding family of Victoria PLC, was appointed to the main board of the Company in 1995 and became Chairman in 2007, stepping down voluntarily in 2010 as a result of a disagreement among the then members of the Board about strategy. In addition to his extensive knowledge of the business, he has a track record of growing successful businesses and is currently Chairman of Legacy Portfolio, which last year successfully managed £150 million of liabilities for its clients. He was formerly Chairman of The Queen's Club, leading the successful £35 million Members' bid to acquire the club from the Lawn Tennis Association in May 2007
Andrew Harrison has more than 20 years' experience as a solicitor in private practice, specialising in company law. He has advised on a wide variety of corporate transactions, including management buy-outs and buy-ins, corporate acquisitions and disposals and listed company take-overs. He has advised individuals, finance houses, public companies, and multinational corporations.
There are no other matters which require to be disclosed pursuant to paragraph 9.6.13R of the Listing Rules.
This information is provided by RNS