GATELEY (HOLDINGS) PLC

AGM Information • Oct 18, 2023

National Storage Mechanism | Additional information

RNS Number : 5077Q

Gateley (Holdings) PLC

18 October 2023

18 October 2023

GATELEY (HOLDINGS) PLC

("Gateley" or the "Company")

AIM: GTLY

Result of AGM

At the Annual General Meeting of Gateley, held yesterday at 12.30pm, all the resolutions, other than resolution 10, which was a special resolution requiring over 75%, to amend the Company's Articles of association in order to allow virtual AGMs, were passed on a poll. The result of the poll voting (including all proxies) is detailed below.

	Resolution	Votes For*	Votes Against	Votes Withheld
1.	To receive the audited accounts of the Company	49,490,185	226	0
2.	To approve the Directors' Remuneration Report	47,103,067	2,348,328	39,016
3.	To declare a final dividend	49,490,411	0	0
4.	To reappoint Roderick Richard Waldie as a Director	47,228,492	2,210,053	51,866
5.	To reappoint Nigel Terrence Payne as a Director	46,672,455	2,266,090	551,866
6.	To appoint Colin Robert Jones as a Director	47,069,575	2,282,309	138,527
7.	To appoint MacIntyre Hudson LLP as auditors of the Company	49,456,544	6,107	27,760
8.	To authorise the Directors to fix the remuneration of the auditors	49,401,966	85,462	2,983
9.	To authorise the Directors to allot relevant securities	46,835,472	2,286,675	368,264
10.	To adopt new articles of association**	21,695,123	21,169,863	6,625,425
11.	To authorise the Directors to allot equity securities for cash**	44,087,826	5,043,681	358,904
12.	To authorise the Directors to allot equity securities for an acquisition or capital investment**	43,605,034	5,528,934	356,443
13.	To authorise the Company to purchase its own shares**	48,488,358	96,610	905,443
14.	To authorise the rectification of historic dividends**	49,468,889	522	21,000
15.	To authorise the reduction of capital**	49,456,095	31,333	2,983

* Any proxy appointments, which gave discretion to the Chairman have been included in the 'For' votes total.

** Special resolution

Nigel Payne, Chairman of Gateley, said:

"The board is delighted that all resolutions, other than resolution 10, passed at yesterday's AGM. The board notes, with disappointment, the votes against resolution 10, being the board's resolution to amend the Company's Articles to allow virtual AGMs to take place. In the board's opinion, virtual AGMs are environmentally friendly, provide easier access to a broader range of shareholders and are commensurate with Gateley's ESG policies and responsible business principles. The board was keen to adopt this change with these factors in mind, particularly given that the attendance by external shareholders at the last four AGMs has been less than one person on average. The board will consider over the coming months if it intends to re-introduce the resolution at next year's AGM and if so, it will consult shareholders accordingly.  

"The board also notes that a number of shareholders seem to have followed the direction from unregulated proxy voting advisers on this resolution without any consultation with the company. The board wishes to thank those shareholders that communicated directly with the company on this issue and would encourage all shareholders to so engage in future and not to simply follow unregulated advice."

Enquiries:

Gateley (Holdings) Plc
Neil Smith, Chief Financial Officer	Tel: +44 (0) 121 234 0196
Nick Smith, Acquisitions Director and Head of Investor Relations	Tel: +44 (0) 20 7653 1665
Cara Zachariou, Communications Director	Tel: +44 (0) 121 234 0074 Mob: +44 (0) 7703 684 946
Liberum - Nominated Adviser and Broker Richard Lindley/Ben Cryer/Cara Murphy	Tel: +44 (0) 20 3100 2000
Belvedere Communications Limited - Financial PR
Cat Valentine (cvalentine@belvederepr.com)	Mob: +44 (0) 7715 769 078
Keeley Clarke (kclarke@belvederepr.com)	Mob: +44 (0) 7967 816 525
Llew Angus (langus@belvederepr.com)	Mob: +44 (0) 7407 023 147
	gateleypr@belvederepr.com

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