Wednesday 13 December 2023
Volution Group plc
Results of Annual General Meeting
Volution Group plc ("Volution", the "Group" or the "Company", LSE: FAN), a leading international designer and manufacturer of energy efficient indoor air quality solutions, announces that all resolutions put to the Annual General Meeting held at 12:00 noon on 13 December 2023 were duly passed on a poll. The results of the poll, incorporating the proxy votes lodged in advance of the meeting, are set out below.
| Resolution | FOR 1 |
| AGAINST |
| WITHHELD 2 | % OF TOTAL VOTES IN FAVOUR | |
|
| Number of votes | % of votes cast | Number of votes | % of votes cast | Number of votes | ||
| 01 | Annual Report and Accounts | 173,901,070 | 99.95 | 82,706 | 0.05 | 96,583 | 99.95 |
| 02 | Directors' Remuneration Report | 159,904,502 | 91.86 | 14,175,329 | 8.14 | 528 | 91.86 |
| 03 | Remuneration Policy | 169,991,789 | 97.73 | 3,948,373 | 2.27 | 140,197 | 97.73 |
| 04 | Deferred Share Bonus Plan | 172,531,058 | 99.11 | 1,544,809 | 0.89 | 4,492 | 99.11 |
| 05 | Long Term Incentive Plan | 169,621,891 | 97.44 | 4,453,976 | 2.56 | 4,492 | 97.44 |
| 06 | Final dividend | 174,078,845 | 100.00 | 1,486 | 0.00 | 28 | 100.00 |
| 07 | Re-elect Nigel Lingwood | 171,341,629 | 98.43 | 2,738,556 | 1.57 | 174 | 98.43 |
| 08 | Re-elect Ronnie George | 174,075,249 | 100.00 | 4,486 | 0.00 | 624 | 100.00 |
| 09 | Re-elect Andy O'Brien | 174,039,116 | 99.98 | 40,619 | 0.02 | 624 | 99.98 |
| 10 | Re-elect Margaret Amos | 170,496,834 | 97.94 | 3,582,901 | 2.06 | 624 | 97.94 |
| 11 | Re-elect Amanda Mellor | 170,496,834 | 97.94 | 3,583,351 | 2.06 | 174 | 97.94 |
| 12 | Re-elect Claire Tiney | 171,996,371 | 98.80 | 2,083,814 | 1.20 | 174 | 98.80 |
| 13 | Elect Jonathan Davis | 174,073,922 | 100.00 | 4,486 | 0.00 | 1,951 | 100.00 |
| 14 | Appoint auditor | 172,522,719 | 99.11 | 1,554,739 | 0.89 | 2,901 | 99.11 |
| 15 | Remuneration of auditor | 174,074,855 | 100.00 | 5,330 | 0.00 | 174 | 100.00 |
| 16 | Authority to make political donations | 167,781,412 | 96.38 | 6,295,919 | 3.62 | 3,028 | 96.38 |
| 17 | Authority to allot shares | 155,504,972 | 89.33 | 18,575,359 | 10.67 | 28 | 89.33 |
| 183 | Authority to disapply pre-emption rights | 170,842,155 | 98.14 | 3,235,010 | 1.86 | 3,194 | 98.14 |
| 193 | Authority to make market purchase of own shares | 172,428,488 | 99.16 | 1,464,494 | 0.84 | 187,377 | 99.16 |
| 203 | Authority to call a general meeting on 14 clear days' notice | 162,106,237 | 93.12 | 11,973,644 | 6.88 | 478 | 93.12 |
Notes:
1. Any proxy appointments giving discretion to the Chairman of the Meeting have been included in the "For" totals above.
2. A vote "Withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.
3. Indicates Special Resolutions requiring a 75% majority to be passed.
4. The Company's total ordinary shares in issue as at 12 December 2023, was 200,000,000 ordinary shares of 1 pence each, of which 2,206,186 ordinary shares are held as Treasury Shares. Therefore, the total voting rights are 197,793,814 ordinary shares (ordinary shareholders are entitled to one vote per ordinary share held).
5. The proxy votes received, amount to 88.01% of the total voting rights.
6. Percentages are rounded to two decimal places.
In accordance with Listing Rule 9.6.2, copies of the resolutions passed (other than those concerning ordinary business) will shortly be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
The Notice of Annual General Meeting 2023 together with the Annual Report and Accounts 2023 can be found on the Company's website at: www.volutiongroupplc.com
- ends -
Enquiries:
Volution Group plc
Fiona Smith, Company Secretary
Legal Entity Identifier: 213800EPT84EQCDHO768
Notes to Editors:
Volution Group plc (LSE: FAN) is a leading international designer and manufacturer of energy efficient indoor air quality solutions. Volution Group comprises 22 key brands across three regions:
UK: Vent-Axia, Manrose, Diffusion, National Ventilation, Airtech, Breathing Buildings, Torin-Sifan.
Continental Europe: Fresh, PAX, VoltAir, Kair, Air Connection, Rtek, inVENTer, Ventilair, ClimaRad, ERI Corporation, VMI, I-Vent.
Australasia: Simx, Ventair, Manrose, DVS.
For more information, please go to: www.volutiongroupplc.com
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