Source - LSE Regulatory
RNS Number : 1822U
Kitwave Group PLC
24 March 2023
 

 

24 March 2023

Kitwave Group plc

 

("Kitwave", the "Group" or the "Company")

Result of AGM

 

Final dividend


Kitwave Group plc (AIM: KITW), the delivered wholesale business, confirms that all of the resolutions put to the shareholders at the Annual General Meeting ("AGM") held earlier today were duly passed.

 

A breakdown of proxy votes lodged prior to the meeting for each resolution is set out below and will also be made available on the Group's website at: https://www.kitwave.co.uk/investors/documents/#circulars

Resolutions

For*

%
For

Against

% Against

Vote withheld**

Total votes cast

1. Annual report and accounts

45,460,982

99.96

20,000

0.04

8,201

45,480,982

2. Declaration of final dividend

 

45,489,183

 

100

0

0

0

 

45,489,183

 

3. Re-election of David Brind as a director

 

45,480,521

 

99.98

8,662

0.02

0

 

45,489,183

 

4. Re-election of Benjamin Maxted as a director

 

45,480,621

 

99.98

8,562

0.02

0

 

45,489,183

 

5. Re-election of Gerard Murray as a director

 

42,669,083

 

99.95

20,100

0.05

2,800,000

42,689,183

6. Re-election of Teresa Octavio as a director

 

45,489,183

 

100

0

0

0

 

45,489,183

 

7. Re-election of Stephen Smith as a director

 

42,689,083

 

99.99

100

0.01

2,800,000

42,689,183

8. Re-election of Paul Young as a director

 

45,480,621

 

99.98

8,562

0.02

0

 

45,489,183

 

9. Re-appointment of auditor

 

45,487,986

 

99.99

1,197

0.01

0

 

45,489,183

 

10. Auditor's remuneration

 

45,488,052

 

99.99

1,131

0.01

0

 

45,489,183

 

11. Director's authority to allot shares

 

45,489,083

 

99.99

100

0.01

0

 

45,489,183

 

12. ***Dis-application of pre-emption rights

 

43,937,275

 

96.6

1,544,574

3.4

7,334

45,481,849

13. ***Dis-application of pre-emption rights for specified capital investment or acquisition

 

45,465,210

 

99.96

16,639

0.04

7,334

45,481,849

14. ***Authority to purchase own shares

 

44,986,545

 

99.99

2,638

0.01

500,000

44,989,183

15. Authority to make political donations or incur political expenditure

 

42,784,352

 

94.06

2,702,231

5.94

2,600

45,486,583

 

* The votes "for" figures include those votes at the discretion of the Chairman.

** A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes 'for' or 'against' a resolution.

*** Special resolutions requiring a 75% majority.

 

Final dividend

 

The Company will pay a final dividend for the year ended 31 October 2022 of 6.75 pence per ordinary share of the Company, to be paid on 28 April 2023 to shareholders whose names appear on the register of members of the Company as at close of business on 11 April 2023.

 

- Ends -

 

For further information please contact:

Kitwave Group plc

Paul Young, Chief Executive Officer

David Brind, Chief Financial Officer

www.kitwave.co.uk  

Tel: +44 (0) 191 259 2277

Canaccord Genuity Limited
(Nominated Adviser and Sole Broker)

Bobbie Hilliam

Tel: +44 (0) 20 7523 8150

Yellow Jersey PR
(Financial media and PR)

Sarah Hollins

Shivantha Thambirajah

Bessie Elliot

Tel: +44 (0) 20 3004 9512

 

Company Overview


Founded in 1987, following the acquisition of a single-site confectionery wholesale business based in North Shields, United Kingdom, Kitwave is a delivered wholesale business, specialising in selling and delivering impulse products, frozen and chilled foods, alcohol, groceries and tobacco to approximately 42,000, mainly independent, customers.

 

With a network of 30 depots, Kitwave is able to support delivery throughout the UK to a diverse customer base, which includes independent convenience retailers, leisure outlets, vending machine operators, foodservice providers and other wholesalers, as well as leading national retailers.

The Group's growth to date has been achieved both organically and through a strategy of acquiring smaller, predominantly family-owned, complementary businesses in the fragmented UK grocery and foodservice wholesale market.

 

Kitwave Group plc (AIM: KITW) was admitted to trading on AIM of the London Stock Exchange on 24 May 2021.

 

For further information, please visit www.kitwave.co.uk.

 

 

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