21 May 2021
Gamma Communications plc
Result of AGM
Gamma Communications plc ("the Company") is pleased to announce that, at its Annual General Meeting held yesterday, all resolutions put to shareholders were passed. A table outlining the votes received relating to each resolution is provided as an appendix below.
The Company notes that, whilst Resolution 11 was passed with the required majority (73.80%), there was a sizable vote against it. The Company acknowledges these votes whilst fully supporting the re-election of Wu Long Peng. It will engage with the proxy agencies and shareholders to understand further the reasons behind this vote.
Enquiries:
|
| |
| Gamma Communications plc Andrew Taylor, Chief Executive Officer Andrew Belshaw, Chief Financial Officer Malcolm Goddard, Company Secretary
| Tel: +44 (0)333 006 5972 |
| Investec Bank plc (NOMAD & Broker) Patrick Robb / Sebastian Lawrence / Virginia Bull
| Tel: +44 (0)207 597 5970 |
|
Tulchan Communications LLP (PR Adviser) James Macey White / Matt Low
|
Tel: +44 (0)207 353 4200 |
Appendix
| Resolution | | Votes in favour of the resolution (%) | Votes in favour | Votes against | Votes marked as withheld / abstentions |
| 1 | Report and accounts | 99.99 | 68,269,470 | 31 | 119,258 |
| 2 | Final dividend
| 99.99 | 68,388,472 | 13 | 274 |
| 3 | Remuneration report | 99.92 | 68,330,597 | 55,748 | 2,414 |
| 4 | Reappointment of auditors | 99.88 | 68,303,992 | 82,933 | 1,834 |
| 5 | Re-election of Richard Last | 87.84 | 59,135,050 | 8,186,373 | 1,067,336 |
| 6 | Re-election of Andrew Taylor | 99.87 | 68,298,694 | 88,321 | 1,744 |
| 7 | Re-election of Andrew Belshaw | 99.85 | 68,284,314 | 102,701 | 1,744 |
| 8 | Election of Charlotta Ginman | 99.90 | 68,316,621 | 70,469 | 1,669 |
| 9 | Re-election of Martin Lea | 99.99 | 68,381,536 | 5,479 | 1,744 |
| 10 | Re-election of Henrietta Marsh | 99.99 | 68,382,621 | 5,639 | 499 |
| 11 | Re-election of Wu Long Peng | 73.80 | 46,350,652 | 16,459,007 | 5,579,100 |
| 12 | Election of Xavier Robert | 99.99 | 68,381,536
| 5,479 | 1,744 |
| 13 | Increased cap on Directors' fees | 99.95 | 68,354,186 | 33,064 | 1,509 |
| 14 | Allotment of share capital | 98.35 | 67,257,695 | 1,130,315 | 749 |
| 15 | Disapplication of statutory pre-emption rights | 99.99 | 68,385,872 | 2,134 | 753 |
| 16 | Disapplication of statutory pre-emption rights - acquisition or other capital investment | 99.99 | 68,386,097 | 1,909 | 753 |
| 17 | Purchase of own shares | 99.99 | 68,104,315 | 13 | 284,431 |
NB: Percentage of Votes cast excludes Withheld votes
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