28 July 2021
STAFFLINE GROUP PLC
("Staffline", the "Company" or the "Group")
Result of 2021 Annual General Meeting
The 2021 Annual General Meeting ("AGM") of Staffline, the recruitment and training group, was held today, Wednesday 28 July 2021. All of the resolutions proposed at the AGM were duly passed, with the exception of Resolution 13, which failed to carry, all other resolutions were passed by shareholders. Details of votes cast are as follows:
| | | Voting for the resolutions | |||
| Resolution number | Detail of resolution | Holders Voting | Votes | % of Votes Cast | % of shares in issue* |
| 1 | 2020 Annual report and accounts | 41 | 132,674,383 | 100.00 | 80.04% |
| 2 | Directors' remuneration report | 36 | 116,810,733 | 88.04 | 70.47% |
| 3 | Re-elect director: Albert Ellis | 41 | 132,678,306 | 100.00 | 80.04% |
| 4 | Re-elect director: Daniel Quint | 41 | 132,678,306 | 100.00 | 80.04% |
| 5 | Re-elect director: Ian Lawson | 41 | 132,678,222 | 100.00 | 80.04% |
| 6 | Re-elect director: Richard Thomson | 40 | 132,509,197 | 99.87 | 79.94% |
| 7 | Elect director: Catherine Lynch | 41 | 132,609,306 | 99.95 | 80.00% |
| 8 | Elect director: Ian Starkey | 41 | 132,609,306 | 99.95 | 80.00% |
| 9 | Elect director: Tom Spain | 39 | 121,285,494 | 91.43 | 73.17% |
| 10 | Reappoint Grant Thornton as Auditors | 40 | 132,675,957 | 100.00 | 80.04% |
| 11 | Remuneration of Auditors | 41 | 132,676,291 | 100.00 | 80.04% |
| 12 | General authority to allot shares | 37 | 82,692,917 | 62.32 | 49.88% |
| 13** | Disapplication of pre-emption rights | 36 | 82,692,892 | 62.32 | 49.88% |
| 14** | Purchase of own shares in the market | 39 | 132,134,244 | 99.59 | 79.71% |
| 15** | General Meetings | 40 | 132,677,318 | 100.00 | 80.04% |
* 165,767,728 ordinary 10p shares currently in issue.
** Special resolutions
The Company notes there was a sizable vote against Resolutions 12 & 13, representing 37.68% of votes cast on each resolution. Feedback received from certain shareholders indicated that some were concerned by the potential dilution caused by an allotment of shares, particularly on a non pre-emptive basis. The Board notes that it followed the Pre-emption Group Principles that the routine authority to disapply pre-emption rights should not exceed more than 5% of the ordinary share capital in any one year.
Enquiries:
| Staffline Group plc Albert Ellis, Chief Executive Officer Daniel Quint, Chief Financial Officer | via Vigo Consulting |
| | |
| Liberum (Nominated Adviser and Broker) Richard Lindley / William Hall / Christopher Whitaker | 020 3100 2222 |
| | |
| Vigo Consulting (Financial PR) Jeremy Garcia / Antonia Pollock | 020 7390 0230 Staffline@vigoconsulting.com
|
About Staffline - Recruitment, Training and Support
Enabling the Future of Work™
Staffline is the UK's market leading Recruitment and Training group. It has three divisions:
Recruitment GB
Staffline is a leading provider of flexible blue-collar workers, supplying c.37,000 staff per day on average to around 450 client sites, across a wide range of industries including agriculture, supermarkets, drinks, driving, food processing, logistics and manufacturing.
Recruitment Ireland
The Recruitment Ireland business is a leading end to end solutions provider operating across twenty industries, ten branch locations, fifteen onsite customer locations, supplying c.5,000 staff per day on average, and offering RPO, MSP, temporary and permanent solutions across the island of Ireland.
PeoplePlus Division
Staffline is the leading adult skills and training provider in the UK, delivering adult education, prison education and skills-based employability programmes across the country.
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