Source - LSE Regulatory
RNS Number : 3345K
Ten Entertainment Group PLC
04 May 2022
 

4 May 2022

Ten Entertainment Group plc

(the "Company")

Results of the Annual General Meeting ("AGM")

 

ALL RESOLUTIONS PASSED

 

At the Company AGM held earlier today, the board is pleased to confirm all resolutions were duly passed by shareholders. The following table sets out a breakdown of voting results.

 

Full details of the poll results are set out below and will also be available on the Company's website www.tegplc.co.uk 

 

No

Resolution

Votes For

%

Votes Against

%

Total Votes Cast

% of ISC Voted

Votes Withheld

Independent Votes For

%

1

To receive the Directors' report and accounts for the Company for the year ended 26 December 2021

61,508,971

98.32%

1,050,650

1.68%

62,559,621

91.53%

0



2

To approve the Directors' Remuneration Report for the year ended 26 December 2021, excluding the Directors' Remuneration Policy, set out in the Annual Report

51,974,834

83.08%

10,584,787

16.92%

62,559,621

91.53%

0



3

To elect Adam Bellamy as a Director

61,298,068

97.99%

1,260,553

2.01%

62,558,621

91.53%

1,000

50,602,841

97.57%

4

To re-elect Graham Blackwell as a Director

54,671,229

88.88%

6,837,392

11.12%

61,508,621

89.99%

1,051,000



5

To elect Antony Smith as a Director

54,671,229

88.88%

6,837,392

11.12%

61,508,621

89.99%

1,051,000



6

To elect Laura May as a Director

62,552,059

99.99%

7,562

0.01%

62,559,621

91.53%

0

51,856,832

99.99%

7

To re-elect Christopher Mills as a Director

44,844,394

75.89%

14,250,309

24.11%

59,094,703

86.46%

3,464,918



8

To re-elect Julie Sneddon as a Director

53,833,551

86.05%

8,726,070

13.95%

62,559,621

91.53%

0

43,138,324

83.18%

9

To re-appoint PricewaterhouseCoopers LLP as auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting at which accounts are laid before the Company

61,504,544

98.31%

1,055,077

1.69%

62,559,621

91.53%

0



10

To authorise the Directors to fix the remuneration of the auditors

62,553,794

99.99%

5,827

0.01%

62,559,621

91.53%

0



11

To authorise the Directors to allot relevant securities

55,462,260

88.66%

7,094,565

11.34%

62,556,825

91.53%

2,796



12

To authorise the Directors to disapply pre-emption rights up to an aggregate nominal amount of £34,183

54,422,171

88.48%

7,084,654

11.52%

61,506,825

89.99%

1,052,796



13

To authorise the Company to make market purchases of its own ordinary shares

61,500,875

98.31%

1,058,746

1.69%

62,509,621

91.53%

0



14

To authorise the Directors to call a general meeting other than an annual general meeting on not less than 14 clear days' notice

62,370,650

99.70%

188,971

0.30%

62,559,621

91.53%

0



 

 

Notes:

1.     Any proxy arrangement which gave discretion to the Chairman has been included in the "for" totals.

2.     A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares 'For' or 'Against' any resolution. In accordance with Listing Rule 9.2.2, the votes of the shareholders and the independent shareholders are set out separately in the above table.

3.     The number of shares in issue at 12.15pm on 2 May 2022 was 68,376,784 (the "Share Capital"). The Company does not hold any shares in treasury.

Resolution 7

 

The re-election of Christopher Mills received votes in favour of over 75%.  Mr Mills has maintained a 100% attendance record at Board meetings since the IPO in 2017. The Board considers that Mr Mills' very broad experience and expertise helps ensure that the interests of the shareholders are considered appropriately in all decision making.

 

The Board is currently in the process of recruiting a further Independent Non-Executive Director to bring the Board independence level to 57%, or 50% excluding the Chairman in line with the UK Corporate Governance Code. The Board had previously delayed the recruitment of this position due to the impact of the Covid-19 pandemic.  With the business having successfully reopened and returned to a strong balance sheet position, an additional Independent Non-Executive Director will be appointed during 2022.

 

In accordance with Listing Rule 9.6.2, copies of resolutions passed at the Annual General Meeting concerning items other than ordinary business will shortly be available for inspection on the National Storage Mechanism which can be accessed at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

 

 

Enquiries:

 

Ten Entertainment Group plc          via Instinctif Partners

 

Graham Blackwell, Chief Executive Officer

Antony Smith, Chief Financial Officer

 

Instinctif Partners                              Tel: 020 7457 2020

 

Matthew Smallwood

Penny Bainbridge  

 

 

 

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