KITWAVE GROUP PLC

AGM Information • Mar 22, 2024

National Storage Mechanism | Additional information

RNS Number : 0114I

Kitwave Group PLC

22 March 2024

22 March 2024

Kitwave Group plc

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

Result of AGM and Directorate Change

Kitwave Group plc (AIM: KITW), the delivered wholesale business, confirms that all 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 for the financial year ended 31 October 2023	45,539,759	100	0	0	436,032	45,539,759
2. Declaration of final dividend	45,975,791	100	0	0	0	45,975,791
3. Re-election of David Brind as a director	45,975,691	99.99	100	0.01	0	45,975,791
4. Re-election of Benjamin Maxted as a director	45,975,791	100	0	0	0	45,975,791
5. Re-election of Gerard Murray as a director	45,975,691	99.99	100	0.01	0	45,975,791
6. Re-election of Teresa Octavio as a director	45,975,791	100	0	0	0	45,975,791
7. Re-election of Stephen Smith as a director	43,462,495	94.53	2,513,296	5.47	0	45,975,791
8. Re-appointment of auditor	45,975,791	100	0	0	0	45,975,791
9. Auditor's remuneration	45,975,791	100	0	0	0	45,975,791
10. Director's authority to allot shares	45,975,791	100	0	0	0	45,975,791
11. ***Dis-application of pre-emption rights	45,529,770	99.03	446,021	0.97	0	45,975,791
12. ***Dis-application of pre-emption rights for specified capital investment or acquisition	41,985,989	91.32	3,989,802	8.68	0	45,975,791
13. ***Authority to purchase own shares	45,754,791	99.99	1,000	0.01	220,000	45,755,791
14. Authority to make political donations or incur political expenditure	38,580,813	91.35	3,651,245	8.65	3,743,733	42,232,058

* 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.

Directorate Change

As set out in the announcement by the Company on 6 November 2023, Paul Young has retired from the Board following the conclusion of the Annual General Meeting. Ben Maxted has been appointed as Chief Executive Officer with immediate effect.

- Ends -

For further information please contact:

Kitwave Group plc Ben Maxted, 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 Alex Orr	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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