Source - LSE Regulatory
RNS Number : 0114I
Kitwave Group PLC
22 March 2024
 

 

22 March 2024

Kitwave Group plc

 

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

Result of AGM and Directorate Change


Kitwave Group plc (AIM: KITW), the delivered wholesale business, confirms that all 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 for the financial year ended 31 October 2023

45,539,759

100

0

0

436,032

45,539,759

2. Declaration of final dividend

45,975,791

100

0

0

0

45,975,791

3. Re-election of David Brind as a director

45,975,691

99.99

100

0.01

0

 

45,975,791

4. Re-election of Benjamin Maxted as a director

 

45,975,791

 

100

0

0

0

45,975,791

5. Re-election of Gerard Murray as a director

45,975,691

99.99

100

0.01

0

45,975,791

6. Re-election of Teresa Octavio as a director

45,975,791

100

0

0

0

45,975,791

7. Re-election of Stephen Smith as a director

43,462,495

94.53

2,513,296

5.47

0

45,975,791

8. Re-appointment of auditor

 

45,975,791

 

100

0

0

0

45,975,791

9. Auditor's remuneration

 

45,975,791

 

100

0

0

0

45,975,791

10. Director's authority to allot shares

 

45,975,791

 

100

0

0

0

45,975,791

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

45,529,770

99.03

446,021

0.97

0

45,975,791

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

41,985,989

91.32

3,989,802

8.68

0

45,975,791

13. ***Authority to purchase own shares

45,754,791

99.99

 

1,000

 

0.01

220,000

45,755,791

14. Authority to make political donations or incur political expenditure

38,580,813

91.35

3,651,245

8.65

3,743,733

42,232,058

 

* 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.

 

Directorate Change

As set out in the announcement by the Company on 6 November 2023, Paul Young has retired from the Board following the conclusion of the Annual General Meeting. Ben Maxted has been appointed as Chief Executive Officer with immediate effect.

 

- Ends -

 

For further information please contact:

Kitwave Group plc

Ben Maxted, 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
Alex Orr

 

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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