27 November 2023
Quadrise plc
("Quadrise", or "Company")
Result of Annual General Meeting
Quadrise plc (AIM: QED) announces that at its Annual General Meeting held earlier today ("AGM"), all resolutions set out in the Notice of AGM were passed on a poll.
Resolutions 1 to 6 were passed as Ordinary Resolutions and Resolutions 7 and 8 were passed as Special Resolutions. The following table sets out the votes cast on each resolution:
| Resolution | For | % | Against | % | Withheld |
| 1 | 202,255,266 | 99.64% | 720,593 | 0.36% | 441,535 |
| 2 | 157,172,058 | 89.21% | 19,013,711 | 10.79% | 27,231,625 |
| 3 | 136,758,513 | 67.80% | 64,938,710 | 32.20% | 1,720,171 |
| 4 | 197,877,167 | 97.54% | 4,985,172 | 2.46% | 555,055 |
| 5 | 186,573,456 | 99.10% | 1,693,282 | 0.90% | 15,150,656 |
| 6 | 172,919,923 | 96.65% | 5,997,683 | 3.35% | 24,499,788 |
| 7 | 156,734,003 | 87.02% | 23,381,532 | 12.98% | 23,301,859 |
| 8 | 156,719,127 | 80.93% | 36,928,964 | 19.07% | 9,769,303 |
Note: A vote "Withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "For" and "Against" shown.
While the Board is pleased that the majority of resolutions were carried with large majorities, it notes that resolution 3, to re-appoint Dilip Shah who is to retire by rotation under the Articles, received c.32% of votes against. The Board is committed to continuing our engagement with shareholders to understand the views of those who voted against resolution 3 and will consult with them over the next few months to listen carefully to feedback and determine any next steps. In accordance with the UK Corporate Governance Code, a further statement will be published detailing the outcome of the shareholder engagement, including any actions taken as a result, within six months and a final summary will be included in the Company's 2024 Annual Report.
For further information, please contact:
Quadrise Plc +44 (0)20 7031 7321
Andy Morrison, Chairman
Jason Miles, Chief Executive Officer
Nominated Adviser
Cavendish Capital Markets Limited +44 (0)20 7220 0500
Ben Jeynes
Katy Birkin
Joint Brokers
Shore Capital Stockbrokers Limited +44 (0)20 7408 4090
Toby Gibbs, Rachel Goldstein (Corporate Advisory)
Fiona Conroy (Corporate Banking)
VSA Capital Limited +44 (0)20 3005 5000
Andrew Raca (Corporate Finance)
Andrew Monk (Corporate Banking)
Public & Investor Relations
Vigo Consulting +44 (0)20 7390 0230
Patrick D'Ancona
Finlay Thomson
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About Quadrise |
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Quadrise is the supplier of MSAR® and bioMSARTM emulsion technology, fuels and biofuels, providing innovative solutions to reduce energy costs and greenhouse gas emissions today for clients in the global power generation, shipping, industrial and refining industries.
Learn more at: www.quadrise.com
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