MBL Group PLC Result of AGM and GM and Directorate Change (1654S)
September 28 2017 - 1:08PM
UK Regulatory
TIDMMUBL
RNS Number : 1654S
MBL Group PLC
28 September 2017
28 September 2017
MBL Group PLC
("MBL" or the "Company")
Result of Annual General Meeting and General Meeting and
Directorate Change
Further to the announcement made earlier today, MBL announces
the results of the two outstanding polls below.
At the Annual General Meeting ("AGM") held at 10:00am today, a
poll was called on all the resolutions. The result of the poll is
set out below:
Resolution Votes for % Votes against % Votes total
----------------------------- ------------------- ----- ------------------- ----- ------------
1. Annual report
and accounts 12,290,316 83.87 2,363,553 16.13 14,653,869
----------------------------- ------------------- ----- ------------------- ----- ------------
2. Reappointment
of director 6,595,936 45.01 8,057,933 54.99 14,653,869
----------------------------- ------------------- ----- ------------------- ----- ------------
3. Reappointment
of auditors 11,423,101 77.95 3,230,768 22.05 14,653,869
----------------------------- ------------------- ----- ------------------- ----- ------------
4. Remuneration
of auditors 12,437,082 84.87 2,216,787 15.13 14,653,869
----------------------------- ------------------- ----- ------------------- ----- ------------
5. Political
donations and
political expenditure 2,517,767 17.18 12,136,102 82.82 14,653,869
----------------------------- ------------------- ----- ------------------- ----- ------------
6. Authority
to allot shares 4,870,658 33.58 9,633,211 66.42 14,503,869
----------------------------- ------------------- ----- ------------------- ----- ------------
7. Disapplication
of pre-emption
rights 4,870,658 33.58 9,633,211 66.42 14,503,869
----------------------------- ------------------- ----- ------------------- ----- ------------
8. Purchase
by the Company
of its own shares 11,263,085 77.66 3,240,784 22.34 14,503,869
----------------------------- ------------------- ----- ------------------- ----- ------------
Resolutions 1, 3, 4 and 8 were passed. Resolutions 2, 5, 6 and 7
have not been passed.
At the General Meeting held at 10:30am today ("Second General
Meeting"), a poll was called and the result is set out below:
Resolution Votes for % Votes against % Votes total
------------------------- --------- ------ ------------- ------ -----------
Resolution - to
(i) cancel any
non-contractual
directors' bonus
or similar arrangements
for directors
and (ii) prevent
approval of any
bonus or similar
arrangements for
directors without
shareholder approval
by ordinary resolution. 8,069,136 55.07% 6,584,700 44.93% 14,653,836
------------------------- --------- ------ ------------- ------ -----------
Because this was a special resolution, 75% of the vote would
have been required to pass the resolution, consequently the
resolution has not been passed.
As a result of Resolution 2 not being passed at the AGM, Peter
Palframan has resigned from the Board with immediate effect. The
Board would like to thank Peter for all his effort and commitment,
particularly with regard to the sale process.
The Board wishes to make shareholders aware that it is in
advanced negotiations with a potential new executive Director. The
Board hopes to announce the appointment of the new executive
Director shortly.
ENDS
For further information, please contact:
MBL Group plc Tel: 01772 440440
Tim Jackson-Smith
SPARK Advisory Partners Limited Tel: 0113 370 8970
(NOMAD)
Sean Wyndham-Quin
Mark Brady
This information is provided by RNS
The company news service from the London Stock Exchange
END
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