VAN ELLE HOLDINGS PLC

Declaration of Voting Results & Voting Rights Announcements • Dec 15, 2017

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RNS Number : 5639Z

Van Elle Holdings PLC

15 December 2017

15 December 2017

Van Elle Holdings plc

("Van Elle" or the "Company")

Results of General Meeting

Further to the announcement dated 22 November 2017 in connection with the posting of a circular to Van Elle shareholders ("Shareholders") containing a notice convening a general meeting of Shareholders ("General Meeting") to consider resolutions proposed by Michael Ellis (the "Ellis Resolutions"), Van Elle is pleased to announce that, at the General Meeting held at 12pm today, all the Ellis Resolutions were defeated by Shareholders.

Excluding the votes attributed to the shareholding of approximately 20% held by Mr Ellis and his family, more than 98% of the remaining votes ("Independent Votes") submitted were against the Ellis Resolutions.

All resolutions proposed at the General Meeting were voted by way of a poll. The results of the poll for each resolution were as follows:

Resolution		For (votes)	For %2	Against (votes)	Against (%)2	Total votes validly cast	Withheld (votes)1
1	That Michael Ellis be and is hereby appointed as a director of the Company with immediate effect.	16,898,827	24.33	52,544,947	75.67	69,443,774	0
2	That Thomas Lindup be and is hereby appointed as a director of the Company with immediate effect.	16,166,801	23.53	52,534,947	76.47	69,443,774	742,026
3	That Jon Fenton be and is hereby removed as a director of the Company with immediate effect.	16,168,301	23.53	52,533,447	76.47	69,443,774	742,026
4	That Robin Williams be and is hereby removed as a director of the Company with immediate effect.	16,901,620	24.34	52,532,154	75.66	69,443,774	10,000
5	That any person appointed as a director of the Company since the date of the requisition of the requisitioned General Meeting (being 10 November 2017), and who is not one of the persons referred to in the resolutions numbered 1 to 4 (inclusive) above, be and is hereby removed as a director of the Company.	16,897,827	24.34	52,523,140	75.66	69,443,774	22,807

Adrian Barden, Chairman of Van Elle, commented:

"The requisition has been an unnecessary and disruptive distraction.  We are pleased that all of the resolutions have been comprehensively rejected by Shareholders. 

"We can now get back to managing the business and delivering our long-term growth strategy for the benefit of all stakeholders."

Notes:

1.   A "Vote withheld" is not a vote in law and is not counted in the proportion of votes "For" or "Against" any resolution, or "Total votes validly cast".

2.   Percentages are expressed as a percentage of total votes validly cast (and does not include votes withheld).

3.   The Notice of General Meeting is available on the Company's website: www.van-elle.co.uk

Enquiries:

Van Elle Holdings plc	017 7358 0580
Jon Fenton, Chief Executive Officer
Paul Pearson, Chief Financial Officer
Instinctif Partners (Financial Public Relations)	020 7457 2020
Mark Garraway
James Gray
Rosie Driscoll
Peel Hunt LLP (Nominated Adviser and corporate broker)	020 7418 8900
Charles Batten
Mike Bell
Justin Jones

This information is provided by RNS

The company news service from the London Stock Exchange

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