MACF.L

Macfarlane Group Plc
Macfarlane Group PLC - Results of Annual General Meeting
7th May 2024, 15:24
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 4817N
Macfarlane Group PLC
07 May 2024
 

 

7 May 2024

Macfarlane Group PLC

("Macfarlane", the "Company", or the "Group")

Results of Annual General Meeting

Macfarlane Group PLC confirms that shareholders passed all resolutions proposed at the Annual General Meeting held today.  The resolutions were as set out in the Notice of Meeting, as filed with the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and are also available on the company's website, www.macfarlanegroup.com.

Total number of shares in issue 159,600,000.  Proxy appointments were received from shareholders of 94,623,113 shares (including votes withheld) amounting to 59.29% of the issued share capital.

All resolutions were passed on a poll with resolutions 1 to 11 passed as ordinary resolutions and resolutions 12 to 14 passed as special resolutions.

The following level of proxy appointments were lodged prior to the meeting:

 

Resolution and description

In Favour Votes


Against

Votes


Withheld

Votes


No.

%

No.

%

No.







1.   Adoption of the accounts

94,590,207

100.00%

0

0.00%

32,906

2.   Approval of the Remuneration Report

83,985,172

88.80%

10,589,145

11.20%

48,796

3.   Approval of Final Dividend

94,598,708

100.00%

1,861

0.00%

22,544

4.   Re-elect Aleen Gulvanessian

94,494,904

99.96%

35,872

0.04%

92,337

5.   Re-elect Peter D. Atkinson

94,517,418

99.91%

81,289

0.09%

24,406

6.   Re-elect Ivor Gray

94,483,562

99.92%

80,145

0.08%

59,406

7.   Re-elect James W.F. Baird

94,552,366

99.97%

23,725

0.03%

47,022

8.   Re-elect Laura Whyte

94,540,793

99.98%

21,235

0.02%

61,085

9.   Re-appoint Deloitte LLP as auditors

94,505,882

99.90%

92,825

0.10%

24,406

10.  Authorise the Directors to determine Auditor's remuneration

94,538,009

99.93%

61,519

0.07%

23,585

11.  Authority to allot unissued shares under S. 551 of the Companies Act 2006

94,384,389

99.78%

205,203

0.22%

33,521

12.  Authority to dis-apply pre-emption rights pursuant to S. 561 of the Companies Act 2006 for 5% of the issued share capital

94,439,831

99.84%

147,561

0.16%

35,721

13.  Authority to dis-apply pre-emption rights pursuant to S. 561 of the Companies Act 2006 for an additional 5% of the issued share capital

91,342,606

96.57%

3,244,786

3.43%

35,721

14.  Authority to re-purchase its own shares, up to a maximum of 15,960,000 shares (10% of shares outstanding)

94,427,006

99.91%

82,592

0.09%

113,515

15.  Authority to amend the existing Articles of Association, to modernise the untraced shareholder provision

94,492,131

99.96%

36,757

0.04%

94,225

 

A vote withheld is not a vote in law and is not counted in the calculation of the number or % of votes "For" or "Against" a resolution.

 

 

Further enquiries:

Macfarlane Group

Tel: 0141 333 9666


Peter Atkinson                  Chief Executive



Ivor Gray                             Finance Director





 

Spreng Thomson



Callum Spreng

Mob: 07803 970103

 

Legal Entity Identifier (LEI):  213800LVRYDERSJAAZ73

 

 

Notes to Editors:

·           Macfarlane Group PLC has been listed on the Premium segment of the Main Market of the London Stock Exchange (LSE: MACF) since 1973 with over 70 years' experience in the UK packaging industry.

·           Through its two divisions, Macfarlane Group services a broad range of business customers, supplying them with high quality protective packaging products which help customers reduce supply chain costs, improve operational efficiencies and sustainability and enhance their brand presentation. The divisions are:

o   Packaging Distribution - Macfarlane Packaging Distribution is the leading UK distributor of a comprehensive range of protective packaging products; and

o   Manufacturing Operations - Macfarlane Design and Manufacture is a UK market leader in the design and production of protective packaging for high value and fragile products.

·           Headquartered in Glasgow, Scotland, Macfarlane Group employs over 1,000 people at 40 sites, principally in the UK, as well as in Ireland, Germany and the Netherlands.

·           Macfarlane Group supplies more than 20,000 customers, principally in the UK and Europe.

·           In partnership with 1,700 suppliers, Macfarlane Group distributes and manufactures 600,000+ lines supplying to a wide range of sectors, including: retail e-commerce; consumer goods; food; logistics; mail order; electronics; defence; medical; automotive; and aerospace.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCSSDFIWELSEEI]]>
TwitterFacebookLinkedIn