7 July 2022
Peel Hunt Limited
("Peel Hunt" or the "Company")
Board Changes, Change of Company Secretary and Results of AGM
Following the AGM held today, Peel Hunt provides the following updates:
Board Changes
The Company is pleased to announce that Lucinda Riches has been appointed as Chair effective immediately. Lucinda replaces Simon Hayes, who has stepped down from the Board after nearly thirty years with Peel Hunt, serving as CEO from 2006 and Chair from 2016. The Board would like to thank Simon for his stewardship and the significant role he has played in the success of the business over the years.
Commenting on her new role, Lucinda Riches said:
"I'm delighted to be taking over as Chair and leading the Company in its next phase of growth. Having worked closely with the Board since my appointment, I look forward to crystallising our strategic plan and realising our future opportunities. I am grateful for Simon's knowledge and insight of the business which has been invaluable during our transition."
Simon Hayes, departing as Chair, said:
"It has been a privilege to spend nearly thirty years with Peel Hunt and I am proud of what has been achieved. Having worked closely with Lucinda over the last year, I know that, under her leadership, the Company is in excellent hands and that there is still so much more to come.
I wish everyone at Peel Hunt every success and look forward to seeing their strategic ambitions come to fruition."
Steven Fine, Chief Executive of Peel Hunt, said:
"I want to express my gratitude and personal thanks to Simon. Having worked with him for many years, his commitment, passion and advice have been invaluable. He has led the Board through a successful IPO and transition to a public listed company. He departs with our very best wishes for the future."
Appointment of Company Secretary
The Company is pleased to further announce the appointment of our General Counsel, Michael Lee as Company Secretary with immediate effect. Consequently, Sunil Dhall, Chief Financial & Operating Officer and Company Secretary has relinquished his role as Company Secretary.
Results of the AGM
Following the Annual General Meeting held today, 7 July 2022, Peel Hunt announces the result of the poll vote for each resolution as follows:
|
| VOTES | % | VOTES | % | VOTES |
| 1. Report and Accounts for the year ended 31 March 2022 | 46,390,070 | 100.00 | 964 | 0.00 | 0 |
| 2. Approve the final dividend for the year ended 31 March 2022 | 46,391,034 | 100.00 | 0 | 0.00 | 0 |
| 3. Approve the Directors Remuneration Report for the year ended 31 March 2022 | 45,805,179 | 98.74 | 585,855 | 1.26 | 0 |
| 4. To re-appoint PwC as auditor | 46,384,346 | 99.99 | 6,688 | 0.01 | 0 |
| 5. To authorise the Directors to determine the auditor remuneration | 46,383,934 | 99.98 | 7,100 | 0.02 | 0 |
| 6. To elect Lucinda Riches | 46,385,570 | 99.99 | 5,464 | 0.01 | 0 |
| 7. To elect Steven Fine | 46,385,570 | 99.99 | 5,464 | 0.01 | 0 |
| 8. To elect Sunil Dhall | 46,385,570 | 99.99 | 5,464 | 0.01 | 0 |
| 9. To elect Maria Bentley | 46,385,570 | 99.99 | 5,464 | 0.01 | 0 |
| 10. To elect Liz Blythe | 46,385,570 | 99.99 | 5,464 | 0.01 | 0 |
| 11. To elect Richard Brearley | 46,385,570 | 99.99 | 5,464 | 0.01 | 0 |
| 12. To elect Darren Carter | 46,385,570 | 99.99 | 5,464 | 0.01 | 0 |
| 13. To authorise the Company to purchase its own shares | 40,518,254 | 99.98 | 7,341 | 0.02 | 5,865,439 |
| 14. To dis-apply pre-emption rights | 46,373,693 | 99.96 | 17,341 | 0.04 | 0 |
| 15. To dis-apply pre-emption rights on additional 5% of shares | 46,373,693 | 99.96 | 17,341 | 0.04 | 0 |
For further information, please contact:
| Peel Hunt via MHP | |
| Steven Fine, CEO Sunil Dhall, CFOO | |
| MHP (Financial PR) | +44 (0)20 3128 8540 peelhunt@mhpc.com |
| Andrew Jaques Charlie Barker Robert Collett-Creedy | |
| Grant Thornton UK LLP (Nominated Adviser) | +44 (0)20 7728 2942 |
| Colin Aaronson Daphne Zhang Sam Littler | |
|
Keefe, Bruyette & Woods (Corporate Broker) |
+44 (0) 207 710 7600 |
| Alistair McKay Alberto Moreno Blasco Fred Walsh Dennis Towers | |
Notes to editors
Peel Hunt is a leading specialist in UK Investment Banking, ranked number one broker for UK mid- and small-cap companies in Institutional Investor's 2021 Survey. Our purpose is to nurture and guide people through the evolution of business. We achieve this through a proven, joined-up approach that consistently delivers value to UK corporates, global institutions and trading counterparties alike.
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