Distil plc
Result of Annual General Meeting
The Annual General Meeting of Distil plc was held at the offices of Turner Pope Investments (TPI) Limited, 8 Frederick's Place, London, EC2R 8AB on 7 July 2022 at 11:00 a.m.
All 6 resolutions put to shareholders were passed on a poll. Resolutions 1 to 5 were passed as ordinary resolutions and resolution 6 was passed as a special resolution.
The proxy votes cast by or on behalf of shareholders on each resolution, which are set out in summary, are set out below.
| Resolution | FOR | % | AGAINST | % | WITHHELD |
| Resolution 1 (Ordinary) That the annual report and the financial statements for the year ended 31 March 2022, together with the report of the auditors thereon, be received | 223,675,793 | 99.99 | 30,000 | 0.01 | 34,000 |
| Resolution 2 (Ordinary) That PKF Littlejohn LLP be appointed as auditor of the Company to hold office until the conclusion of the next annual general meeting at which accounts are laid before the Company and their remuneration be determined by the directors. | 223,703,310 | 99.98 | 36,483 | 0.02 | 0 |
| Resolution 3 (Ordinary) That Don Goulding be re-elected as a Director of the Company. | 223,193,106 | 99.98 | 34,000 | 0.02 | 512,687 |
| Resolution 4 (Ordinary) That Michael Keiller be elected as a Director of the Company. | 223,703,310 | 99.98 | 34,000 | 0.02 | 2,483 |
| Resolution 5 (Ordinary) To authorise the directors to allot relevant securities pursuant to Section 551 of the Act | 223,183,818 | 99.75 | 555,975 | 0.25 | 0 |
| Resolution 6 (Special) To authorise the Directors to allot a limited number of shares for cash free of pre-emption rights contained in Section 561 of the Act.
| 170,026,519 | 75.99 | 53,713,276 | 24.01 | 0 |
In relation to Resolution 6, while shareholders approved the resolution to disapply a limited number of pre-emption rights, with 75.99% votes cast in favour, the Company recognises that some shareholders have concerns on this matter. The Company will further engage with shareholders to ensure shareholder views are fully understood.
As at 7 July 2022, there were 684,399,579 ordinary shares in issue. Shareholders are entitled to one vote per share. Votes withheld are not votes in law and so have not been included in the calculation of the proportion of votes for and against a resolution.
For further information:
Distil PLC +44 207 352 2096
Don Goulding, Executive Chairman
Shaun Claydon, Finance Director
SPARK Advisory Partners Limited (NOMAD) +44 20 3368 3550
Neil Baldwin
Mark Brady
Turner Pope Investments (TPI) Ltd (Broker) +44 203 657 0050
Andy Thacker
James Pope
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