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