FLOWTECH FLUIDPOWER PLC

AGM Information • Jun 17, 2025

National Storage Mechanism | Additional information

RNS Number : 2322N

Flowtech Fluidpower PLC

17 June 2025

NEWS RELEASE  

Issued on behalf of Flowtech Fluidpower plc

Tuesday, 17 June 2025

FLOWTECH FLUIDPOWER PLC

("the Company")

Result of AGM

Flowtech Fluidpower plc ('the Company') held its Annual General Meeting (AGM) at 10.00 am today (17 June 2025) at the Company's Registered Office, and also provided the ability of a view-only virtual event via the Investor Meet Company platform (IMC). 

All Resolutions, as set out in the Notice of Meeting dated 22 May 2025, were duly passed.

In relation to Resolution 10, (giving authority for Directors to issue shares in the Company) a limited number of the Company's shareholders voted against this resolution. The Board takes seriously its responsibilities to maintain a constructive dialogue with shareholders and will engage with them to better understand their views.

The AGM was compliant with legal requirements for the AGM in accordance with the Company's Articles of Association. It had the necessary quorum present and was purely functional and comprised only of the formal votes for each Resolution.

Shareholders were able to submit questions regarding the business or matters relating to the AGM business prior to the AGM via the Company website as detailed in the Notice of Meeting.  No questions were submitted ahead of the AGM by shareholders via the Company investor website. Questions raised during the AGM can be viewed as part of the AGM webcast which will be available on the IMC platform or the Company's investor website shortly.

The table below shows the proxy position of all Resolutions:

Total votes lodged: 36,759,510 Total number of shares in issue: 63,275,173	For and including at discretion		Against		Withheld
	Number of votes	%	Number of votes	%
Resolution 1 To receive the Company's annual accounts, strategic report and Directors' and Auditor's reports for the year ended 31 December 2024.	36,759,510	100.00	0	0.00	0
Resolution 2 To reappoint Mike England as a Director of the Company.	36,758,426	99.99	1,084	0.01	0
Resolution 3 To reappoint Stuart Watson as a Director of the Company.	36,758,426	99.99	1,084	0.01	0
Resolution 4 To reappoint Russell Cash as a Director of the Company.	36,758,464	99.99	1,046	0.01	0
Resolution 5 To reappoint Ailsa Webb as a Director  of the Company.	36,753,702	99.98	5,808	0.02	0
Resolution 6 To reappoint Jamie Brooke as a Director of the Company.	30,738,643	96.09	1,251,921	3.91	4,768,946
Resolution 7 To reappoint Roger McDowell as a Director of the Company.	35,502,865	96.58	1,256,645	3.42	0
Resolution 8 To reappoint Grant Thornton UK LLP as Auditors of the Company.	36,696,132	99.92	30,845	0.08	32,533
Resolution 9 To authorise the Directors to determine the remuneration of the Auditors.	36,758,165	99.99	1,345	0.01	0
Resolution 10 Pursuant to section 551 of the Act, to unconditionally authorise the Directors to issue shares in the Company.	23,588,089	64.17	13,171,421	35.83	0
Resolution 11 To Pursuant to section 701 of the Act, unconditionally authorise the Company to make market purchases of Ordinary shares in the capital of the Company. (representing up to 10% of the issued share capital).	34,830,902	94.75	1,928,608	5.25	0
Resolution 12 Capital reduction of the share premium account.	36,741,497	99.99	1,084	0.01	16,929

1.      The 'for' vote includes those giving discretion to the Chair of the Meeting

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

3.      Ordinary shareholders are entitled to one vote per share held

4.      The Annual Report and Financial Statements for the period ended 31 December 2024, together with the Notice of Meeting, are available to view on the Company's website www.flowtechfluidpowerplc.com  

5.      News updates, regulatory news, and financial statements can be viewed and downloaded from the Group's website, www.flowtechfluidpower.com . Copies can also be requested from: The Company Secretary, Flowtech Fluidpower plc, Bollin House, Bollin Walk, Wilmslow, SK9 1DP. Email: investorrelations@flowtech.co.uk

FURTHER ENQUIRIES TO:
FLOWTECH FLUIDPOWER PLC Mike England, Chief Executive Officer Russell Cash, Chief Financial Officer Tel: +44 (0) 1695 52759 Email: investorrelations@flowtech.co.uk
Panmure Liberum (Nominated Adviser and Joint Broker) Nicholas How, Managing Director, Head of Business Services and Industrials William King, Assistant Director, Investment Banking Tel: +44 (0) 20 3100 2000
Singer Capital Markets (Joint Broker) Tom Salvesen, Head of Investment Banking James Todd, Associate, Investment Banking Tel: +44 (0) 207 496 3000
TooleyStreet Communications (IR and media relations) Fiona Tooley  Tel: +44 (0) 7785 703523   Email: fiona@tooleystreet.com

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