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RNS Number : 3668M
Topps Tiles PLC
20 January 2021
20 January 2021
Topps Tiles Plc
Result of AGM
Topps Tiles Plc (the "Company"), the UK's leading tile
specialist, announces that at its Annual General Meeting (the
"AGM") held earlier today, all of the resolutions proposed were
duly passed by the requisite majority on a poll, except for
resolutions 11 to 13 (inclusive). The full text of each resolution
is contained in the 2021 Notice of AGM which is available on the
Company's website http://www.toppstilesplc.com/
The following table shows the total number of votes cast for
each resolution:
Resolution Total votes % Against % Withheld
for
1 152,159,255 99.99 16,824 0.01 7,141
------------ ------ ----------- ------ ---------
2 149,428,977 98.20 2,739,212 1.80 15,031
------------ ------ ----------- ------ ---------
3 150,078,792 98.63 2,088,423 1.37 16,005
------------ ------ ----------- ------ ---------
4 152,159,932 99.99 7,283 0.01 16,005
------------ ------ ----------- ------ ---------
5 149,292,243 98.11 2,869,331 1.89 21,646
------------ ------ ----------- ------ ---------
6 149,424,584 98.20 2,735,490 1.80 23,146
------------ ------ ----------- ------ ---------
7 152,153,517 99.99 8,057 0.01 21,646
------------ ------ ----------- ------ ---------
8 152,130,389 99.97 45,690 0.03 7,141
------------ ------ ----------- ------ ---------
9 152,168,153 99.99 6,426 0.01 8,641
------------ ------ ----------- ------ ---------
10 112,994,574 74.25 39,179,846 25.75 8,800
------------ ------ ----------- ------ ---------
11 113,132,993 74.35 39,039,927 25.65 10,300
------------ ------ ----------- ------ ---------
12 113,132,993 74.34 39,041,427 25.66 8,800
------------ ------ ----------- ------ ---------
13 113,158,119 74.36 39,025,101 25.64 0
------------ ------ ----------- ------ ---------
14 151,872,659 99.80 310,417 0.20 144
------------ ------ ----------- ------ ---------
Notes
1. Any proxy appointments which gave discretion to the Chairman have
been included in the "Total votes for" total.
2. A "Vote Withheld" is not a valid vote in English law and was
not counted in the calculation of the proportion of the votes
"For" or "Against" a resolution. DN 2.
3. As at the date of the AGM the issued share capital of the Company
was 196,443,323 ordinary shares of 3.33 pence each.
The Board would like to thank shareholders for their engagement
and support ahead of the AGM and throughout the year. While most of
the resolutions were passed, with majorities in excess of 98%, the
Board notes that:
-- resolution 10 (Directors' Authority to Allot Shares), which was
an ordinary resolution, passed with a majority of less than 80%
(receiving votes in favour of 74.25 %); and
-- resolutions 11 (Disapplication of Pre-emption Rights - General)
and 12 ((Disapplication of Pre-emption Rights - Specific) and 13
(Authority to Make Market Purchases of Shares), which were special
resolutions requiring a 75% majority, did not receive sufficient
support to be passed (receiving votes in favour of 74.35%, 74.34
% and 74.36% respectively).
In accordance with provision 4 of the UK Corporate Governance
Code (the "Code"), the Board confirms that it will consult and
engage with the relevant shareholders to understand and discuss
their concerns with respect to these resolutions. An update will be
provided within six months of the AGM, in accordance with the
Code.
These results will shortly be available on the Company's website
at http://www.toppstilesplc.com/ and, in accordance with Listing
Rule 9.6.2, copies of the resolutions that were passed at the
meeting and that do not constitute ordinary business at an annual
general meeting will be submitted to the National Storage Mechanism
and will shortly be available for inspection at
www.data.fca.org.uk
Enquiries:
Topps Tiles Plc
Alistair Hodder, Company Secretary 0116 282 8000
Citigate Dewe Rogerson
Kevin Smith / Nick Hayns 020 7638 9571
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END
RAGFLFFRLLIIFIL
(END) Dow Jones Newswires
January 20, 2021 11:21 ET (16:21 GMT)
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