Source - RNS
RNS Number : 4546O
Quarto Group Inc
17 May 2018
 

17 May 2018

 

This announcement contains inside information for the purposes of the Market Abuse Regulation

 

The Quarto Group, Inc.

 

Annual Meeting statement and result

 

The Quarto Group, Inc. (LSE: QRT), the leading international illustrated book publisher, announces the result of its Annual Meeting held today at 10:00am. 

 

At the start of the meeting, Peter Read, Chairman, made the following statement:

 

"Trading in the first four months of the year are in line with the Board's expectations."

 

At the Annual Meeting, Resolutions 1, 2, 3 and 8, 10, 11, 12 and 13 as set out in the Notice of Meeting were approved by shareholders.

 

Resolutions 4 to 7 were not approved. As a result, the following four non-executive directors were not re-elected to the board: Peter Read, Leslie-Ann Reed, Jess Burley and Claire Capeci.

 

Resolution 9, that would have amended the Company's by-laws to provide that the number of directors of the Company shall not be less than two nor more than the number as may be fixed from time to time by resolution of the board of directors, was not approved.

 

Resolution 14, a special resolution, that would have granted power to the Directors to allot shares of the Company representing a maximum of 5% of the total issued shares of the Company on a non-pre-emptive basis, was not approved.

 

Four additional Resolutions (numbered 15 to 18 in the table of poll results below) were brought up for action (as permitted by and in accordance with the Company's by-laws) at the Annual Meeting by Mr Chuk Kin Lau, a shareholder of the Company, and approved by shareholders. As a result, Mr Chuk Kin Lau, Ms Mei Lan Lam, Dr Laurence Orbach and Mr Mick Mousley were appointed as directors.

 

Mr Chuk Kin Lau through his personal shareholdings and through Lion Rock Group Limited (which he controls), holds ordinary shares in the Company representing approximately 27% of the Company's issued share capital.

 

Ms Mei Lan Lam, is an executive director and CFO of Lion Rock Group Limited.

 

Dr Laurence Orbach is beneficially interested in ordinary shares in the Company, representing approximately 20% of the Company's issued share capital.

 

Mr Mick Mousley previously held the role of Chief Financial Officer at Quarto from 1987 to 2015.

 

All resolutions were voted on by shareholders by way of poll and the results were as follows:  

 

 

Poll Results

 

RESOLUTIONS

FOR

%age FOR

AGAINST

%age AGAINST

WITHHELD

TOTAL








1

14,328,471

99.98%

2,500

0.02%

8,900

14,339,871

2

14,322,371

99.98%

2,500

0.02%

15,000

14,339,871

3

14,334,371

99.98%

2,500

0.02%

3,000

14,339,871

4

4,059,684

28.31%

10,280,187

71.69%

0

14,339,871

5

4,044,684

28.21%

10,295,187

71.79%

0

14,339,871

6

3,145,847

21.94%

11,194,024

78.06%

0

14,339,871

7

3,157,847

22.02%

11,182,024

77.98%

0

14,339,871

8

14,319,371

99.88%

17,500

0.12%

3,000

14,339,871

9

4,058,684

29.47%

9,714,487

70.53%

566,700

14,339,871

10

14,328,471

99.92%

11,400

0.08%

0

14,339,871

11

14,328,471

99.92%

11,400

0.08%

0

14,339,871

12

9,594,781

66.91%

4,744,090

33.09%

1,000

14,339,871

13

9,597,781

66.94%

4,741,090

33.06%

1,000

14,339,871

14

7,322,085

51.09%

7,008,986

48.91%

8,800

14,339,871

15

11,009,157

100.00%

0

0.00%

0

11,009,157

16

11,009,157

100.00%

0

0.00%

0

11,009,157

17

10,103,320

91.77%

905,837

8.23%

0

11,009,157

18

10,103,320

91.77%

905,837

8.23%

0

11,009,157

 

 

 

 

For further information, please contact:

 

Instinctif Partners


Adrian Duffield/Chantal Woolcock

+44 20 7457 2077





The Quarto Group, Inc.


Marcus Leaver, CEO

Carolyn Bresh, CFO

 

+44 20 7700 9002

+44 20 7812 8672

 

About The Quarto Group

 

The Quarto Group (LSE: QRT) creates a wide variety of books and intellectual property products for global distribution, with a mission to inspire life's experiences. Produced in many formats for adults, children and the whole family, our products are visually appealing, information rich and kinesthetically stimulating.

 

The Group encompasses a diverse portfolio of imprints and businesses that are creatively independent and expert in developing long-lasting content across specific niches of interest.

 

Quarto sells its products globally in over 50 countries and 40 languages, through a variety of sales channels and partnerships, and five main routes to market - US, UK, International English language, Foreign language and other Partnerships.

 

Quarto employs c. 400 talented people in the US, UK and Hong Kong. The Group was founded in London in 1976. It is domiciled in the US and listed on the London Stock Exchange.

 

For more information, visit quarto.com or follow us on Twitter at @TheQuartoGroup.

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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