Result of AGM
Updated : 12:25
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| 9 March 2021 |
CareTech Holdings PLC
("CareTech" or "the Group")
Result of AGM
CareTech Holdings PLC (AIM: CTH), a pioneering provider of specialist social care and education services to adults and children in the UK, announces that at the Group's Annual General Meeting ("AGM") held earlier today, all proposed resolutions were duly passed.
Noting the duration of Karl Monaghan's tenure as a Director of the Group, the Board confirms that it will commence a search for a new Chair of the Audit Committee. Once this appointment is made, Karl Monaghan will retire from CareTech's Board. It is expected that a suitable candidate will be identified and Karl Monaghan's retirement will be effected within no more than twelve months.
The results are set out below:
| Resolution | Votes for | % of votes cast* | Votes against | % of votes cast* | Votes withheld |
1 | To receive the Annual Report and Accounts and reports of the Directors and the auditors for the financial year ended 30 September 2020 | 74,285,475 | 99.8% | 154,600 | 0.2% | 637 |
2 | To approve the Remuneration Report for the financial year ended 30 September 2020 | 72,645,956 | 97.6% | 1,794,477 | 2.4% | 279 |
3 | To declare a final dividend for the financial year ended 30 September 2020 of 8.65p per ordinary share | 74,440,075 | 100.0% | 0 | 0.0% | 637 |
4 | To re-elect Karl Monaghan as a Director | 48,835,850 | 65.6% | 25,604,148 | 34.4% | 714 |
5 | To re-elect Mike Adams as a Director | 73,592,681 | 98.9% | 847,317 | 1.1% | 714 |
6 | To re-appoint Grant Thornton UK LLP as auditors of the Company | 73,607,581 | 98.9% | 832,417 | 1.1% | 714 |
7 | To authorise the Directors to fix the auditors' remuneration | 74,439,640 | 100.0% | 358 | 0.0% | 714 |
8 | To authorise the Directors to allot securities up to a specified amount. | 71,060,062 | 99.5% | 387,392 | 0.5% | 2,993,258 |
9 | To give the Directors power to allot securities for cash without making an offer to Shareholders | 70,342,725 | 98.5% | 1,103,765 | 1.5% | 2,994,222 |
10 | To give the Directors power to allot securities for cash in respect of an acquisition or specified capital investment up to a specified amount | 70,342,725 | 98.5% | 1,103,765 | 1.5% | 2,994,222 |
11 | To give the Company limited authority to purchase its own shares | 73,721,157 | 99.0% | 719,276 | 1.0% | 279 |
*NB: The percentage of votes cast for and against excludes withheld votes.
For further information, please contact:
CareTech Holdings PLC 01707 601800
Farouq Sheikh, Executive Chairman
Christopher Dickinson, Group Finance Director
Consilium Strategic Communications 020 3709 5700
Mary-Jane Elliott
Chris Welsh
Angela Gray
Panmure Gordon (Nomad and Joint Broker) 020 7886 2500
Emma Earl
Freddy Crossley
Charles Leigh-Pemberton
Numis (Joint Broker) 020 7260 1000
Jonathan Wilcox
James Black
Duncan Monteith
About CareTech
CareTech Holdings PLC is a leading provider of specialist social care services supporting around 5,000 adults and children with a wide range of complex needs in more than 550 day services the UK employing more than 10,500 staff; and an emerging presence in international markets.
Committed to the highest standards of care and care governance, CareTech's innovative Care Pathway covers Foster care, Children's Services, Adults Services and Technology Solutions.
CareTech, which was founded in 1993, began trading on the AIM market of the London Stock Exchange in October 2005 under the ticker symbol CTH.
For further information please visit: www.caretech-uk.com
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