KITWAVE GROUP PLC

AGM Information • Mar 24, 2023

National Storage Mechanism | Additional information

RNS Number : 1822U

Kitwave Group PLC

24 March 2023

24 March 2023

Kitwave Group plc

("Kitwave", the "Group" or the "Company")

Result of AGM

Final dividend

Kitwave Group plc (AIM: KITW), the delivered wholesale business, confirms that all of the resolutions put to the shareholders at the Annual General Meeting ("AGM") held earlier today were duly passed.

A breakdown of proxy votes lodged prior to the meeting for each resolution is set out below and will also be made available on the Group's website at: https://www.kitwave.co.uk/investors/documents/#circulars

Resolutions	For*	% For	Against	% Against	Vote withheld**	Total votes cast
1. Annual report and accounts	45,460,982	99.96	20,000	0.04	8,201	45,480,982
2. Declaration of final dividend	45,489,183	100	0	0	0	45,489,183
3. Re-election of David Brind as a director	45,480,521	99.98	8,662	0.02	0	45,489,183
4. Re-election of Benjamin Maxted as a director	45,480,621	99.98	8,562	0.02	0	45,489,183
5. Re-election of Gerard Murray as a director	42,669,083	99.95	20,100	0.05	2,800,000	42,689,183
6. Re-election of Teresa Octavio as a director	45,489,183	100	0	0	0	45,489,183
7. Re-election of Stephen Smith as a director	42,689,083	99.99	100	0.01	2,800,000	42,689,183
8. Re-election of Paul Young as a director	45,480,621	99.98	8,562	0.02	0	45,489,183
9. Re-appointment of auditor	45,487,986	99.99	1,197	0.01	0	45,489,183
10. Auditor's remuneration	45,488,052	99.99	1,131	0.01	0	45,489,183
11. Director's authority to allot shares	45,489,083	99.99	100	0.01	0	45,489,183
12. ***Dis-application of pre-emption rights	43,937,275	96.6	1,544,574	3.4	7,334	45,481,849
13. ***Dis-application of pre-emption rights for specified capital investment or acquisition	45,465,210	99.96	16,639	0.04	7,334	45,481,849
14. ***Authority to purchase own shares	44,986,545	99.99	2,638	0.01	500,000	44,989,183
15. Authority to make political donations or incur political expenditure	42,784,352	94.06	2,702,231	5.94	2,600	45,486,583

* The votes "for" figures include those votes at the discretion of the Chairman.

** A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes 'for' or 'against' a resolution.

*** Special resolutions requiring a 75% majority.

Final dividend

The Company will pay a final dividend for the year ended 31 October 2022 of 6.75 pence per ordinary share of the Company, to be paid on 28 April 2023 to shareholders whose names appear on the register of members of the Company as at close of business on 11 April 2023.

- Ends -

For further information please contact:

Kitwave Group plc Paul Young, Chief Executive Officer David Brind, Chief Financial Officer www.kitwave.co.uk	Tel: +44 (0) 191 259 2277
Canaccord Genuity Limited (Nominated Adviser and Sole Broker) Bobbie Hilliam	Tel: +44 (0) 20 7523 8150
Yellow Jersey PR (Financial media and PR) Sarah Hollins Shivantha Thambirajah Bessie Elliot	Tel: +44 (0) 20 3004 9512

Company Overview

Founded in 1987, following the acquisition of a single-site confectionery wholesale business based in North Shields, United Kingdom, Kitwave is a delivered wholesale business, specialising in selling and delivering impulse products, frozen and chilled foods, alcohol, groceries and tobacco to approximately 42,000, mainly independent, customers.

With a network of 30 depots, Kitwave is able to support delivery throughout the UK to a diverse customer base, which includes independent convenience retailers, leisure outlets, vending machine operators, foodservice providers and other wholesalers, as well as leading national retailers.

The Group's growth to date has been achieved both organically and through a strategy of acquiring smaller, predominantly family-owned, complementary businesses in the fragmented UK grocery and foodservice wholesale market.

Kitwave Group plc (AIM: KITW) was admitted to trading on AIM of the London Stock Exchange on 24 May 2021.

For further information, please visit www.kitwave.co.uk.

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