Result of AGM
Updated : 16:36
Released: 0410.2019
Photo-Me International PLC
4 October 2019
Photo-Me International plc
("Photo-Me", the "Company" or the "Group")
Results of 2019 AGM
Photo-Me, the instant-service equipment group, announces that all resolutions proposed at the Annual General Meeting of the Company held on 3 October 2019 were passed by shareholders (resolutions 9 and 10 being passed as special resolutions).
Resolution
1. | To receive the Accounts and Reports of the directors and the auditor for the year ended 30 April 2019.
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2. | To approve the directors' remuneration report for the year ended 30 April 2019.
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3. | To declare a final dividend for the year ended 30 April 2019 of 4.73p per share, payable on 8 November 2019.
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4. | To appoint Mazars LLP as auditor.
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5. | To authorise the directors to fix the remuneration of the auditor.
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6. | To re-elect Mr Olympitis as a director.
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7. | To re-elect Mr Janailhac as a director.
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8. | To authorise the directors to allot shares and grant rights to subscribe for, or convert any security into, shares up to a maximum amount.
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9. | To enable directors to allot shares for cash without first offering them to existing shareholders.
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10. | To authorise the Company to make market purchases of its own shares.
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11. | To approve the grant of up to three million share options to Mr Pascal Faucher. |
All resolutions were passed on a show of hands. The following levels of proxy appointments and associated instructions were received before the meeting:
Ordinary Business | The number of shares in respect of which proxy appointments have been validly made | Proxy Votes For | Proxy Votes Against | Proxy Votes withheld | |
Ordinary Resolutions |
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1 | To receive the Accounts and Report of the directors and the auditor for the year ended 30 April 2019 | 306,027,992 | 305,817,544 | 52,493 | 157,955 |
2 | To approve the directors' remuneration report for the year ended 30 April 2019. | 306,027,992 | 300,144,424 | 5,783,499 | 100,069 |
3 | To declare a final dividend for the year ended 30 April 2019 of 4.73p per share, payable on 8 November 2019. | 306,027,993 | 306,026,913 | 0 | 1,080 |
4 | To appoint Mazars LLP as auditor. | 306,027,992 | 265,304,241 | 38,385,950 | 2,337,801 |
5 | To authorise the directors to fix the remuneration of the auditor. | 306,027,993 | 306,004,337 | 12,858 | 10,798 |
6 | To re-elect Mr Olympitis as a director. | 306,027,992 | 293,895,249 | 12,074,755 | 57,988 |
7 | To re-elect Mr Janailhac as a director. | 306,027,992 | 301,154,064 | 4,812,690 | 61,238 |
Special Business |
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Ordinary Resolution |
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8. | To authorise the directors to allot shares and grant rights to subscribe for, or convert any security into, shares up to a maximum amount. | 306,027,992 | 304,110,226 | 1,714,597 | 203,169 |
Special Resolutions |
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9. | To enable directors to allot shares for cash without first offering them to existing shareholders. | 306,027,993 | 303,725,261 | 2,113,613 | 189,119 |
10. | To authorise the Company to make market purchases of its own shares. | 306,027,992 | 305,736,568 | 242,163 | 49,261 |
Ordinary Resolution |
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11. | To approve grant of up to 3 million share options to Mr Pascal Faucher. | 306,027,992 | 260,738,717 | 43,718,214 | 1,571,061 |
Notes:
1. Votes withheld have not been counted in the calculation of the proportion of the votes "for" and "against" resolutions.
2. Valid proxy instructions were received in respect of 316,089,671 shares representing 86.68% of the issued share capital.
3. Any proxy appointments which gave discretion to the Chairman have been included in the "for" total.
Total shares in issue as at 3 October 2019: 378,011,637
Enquiries:
Photo-Me International plc
Del Mansi (Company Secretary) 01372 453 399
Hudson Sandler LLP
Wendy Baker / Emily Dillon / Nick Moore 020 7796 4133
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