Result of Annual General Meeting
27 Sept 2022
Eckoh plc (AIM:ECK)
("Eckoh", or "the Company", or "the Group")
Result of Annual General Meeting
Eckoh plc (AIM:ECK), the global provider of Customer Engagement Security Solutions, is pleased to announce that at the Annual General Meeting held at 11am today, September 26th, all Resolutions put before the meeting were duly passed.
The results of the poll for each resolution are set out below:
Resolution |
Votes For |
% For |
Votes Against |
% Against |
Withheld |
% Withheld |
Total % Instructed |
1 Receive and adopt accounts |
161,480,276 |
99.99% |
1,481 |
0.01% |
0 |
0.00% |
55.51% |
2 Approve the Directors’ Remuneration Report |
102,442,048 |
63.46% |
58,993,836 |
36.54% |
45,873 |
0.03% |
55.49% |
3 Approval of final dividend |
161,480,276 |
99.99% |
1,481 |
0.01% |
0 |
0.00% |
55.51% |
4 Re-elect G Millward as Director |
161,454,815 |
99.99% |
1,862 |
0.01% |
25,080 |
0.02% |
55.50% |
5 Re-elect N Philpot as Director |
161,454,815 |
99.99% |
1,862 |
0.01% |
25,080 |
0.02% |
55.50% |
6 Re-appoint auditors |
161,451,102 |
99.98% |
27,513 |
3,142 |
0.00% |
55.51% |
|
7 General authority to allot shares |
161,456,276 |
99.99% |
5,481 |
0.01% |
20,000 |
0.00% |
55.50% |
8 Dis-application of pre-emption rights |
153,390,422 |
95.00% |
8,068,193 |
5.00% |
23,142 |
0.01% |
55.50% |
9 Dis-application of pre-emption rights |
153,425,422 |
95.02% |
8,033,193 |
4.98% |
23,142 |
0.01% |
55.50% |
10 Approve purchase of own shares |
161,477,276 |
99.99% |
4,481 |
0.01% |
0 |
0.01% |
55.51% |
The Board appreciates the support shown by the majority of Shareholders for the resolutions at today’s AGM. We note the significant minority vote against the Company’s Remuneration Report. We are also aware of the guidance from ISS which states that payment of transaction-related bonuses is not in line with its policy. The Remuneration Committee specifically considered this point, together with the guidance from ISS, at the time the payment was approved and determined that, in this case, a modest transaction-related bonus of the level approved was entirely appropriate in recognition of the additional and intensive work involved during and immediately following the transaction, which provided savings in terms of professional fees significantly in excess of the approved amount.
Notes:
- The full text of each of the resolutions is contained in the Notice of Annual General Meeting dated 16 August 2022, which is available on the Company's website at https://www.eckoh.com.
- Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution.
- A "Withheld" vote is not a vote in law and is not counted in the calculation of the proportion of the votes cast "For" or "Against" a resolution.
- The proportion of "Total % Instructed" is the total of votes instructed for that resolution (i.e. the total votes "For", "Against" and "Withheld" for that resolution) expressed as a percentage of the issued share capital.
- The issued share capital of the Company as of 14 July 2022 was 292,869,261 ordinary shares of 0.25p each. As of 14 July 2022, the Company holds 1,943,311 shares in the Company in Treasury shares.
For more information, please contact:
Eckoh PLC
Nik Philpot, Chief Executive Officer
Chrissie Herbert, Chief Financial Officer
Tel: +44 (0) 1442 458 300
www.eckoh.com
FTI Consulting LLP
Ed Bridges / Jamie Ricketts / Tom Blundell
Tel: +44 (0) 203 727 1017
eckoh@fticonsulting.com
Singer Capital Markets (Nomad & Joint Broker)
Shaun Dobson / Tom Salvesen / Alex Bond / Kailey Aliyar
Tel: +44 (0) 20 7496 3000
www.singercm.com
Canaccord Genuity Limited (Joint Broker)
Simon Bridges, Andrew Potts
Tel: +44(0) 20 7523 8000
www.canaccordgenuity.com