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Bakkavor Group plc held its 2025 Annual General Meeting virtually on 22 May 2025, where all 21 resolutions proposed were passed. These resolutions, including the election of Lee Miley as a Director and the re-election of other directors, along with the re-appointment of PricewaterhouseCoopers LLP as external auditors, received 93.01% of the issued share capital voted. Shareholders also approved a final dividend of 4.80 pence per ordinary share for the year ended 28 December 2024, which is payable on 28 May 2025.
| Date | 22 May 2025 |
| Time | 15:00:42 |
| Category | AGMs and other meetings |
| ID | 8469J |
22 May 2025
Bakkavor Group plc
(the 'Company')
2025 Annual General Meeting - Poll Results
The Company's 2025 Annual General Meeting ("AGM") was held virtually today at 10.00am via the Lumi platform. All resolutions set out in the Notice of AGM dated 3 March 2025 and put to the meeting were decided on by a poll and were passed.
|
Res No. |
Resolution |
Votes For and Discretionary Votes |
% |
Votes Against |
% |
Total Votes Cast (Excluding Withheld) |
% of ISC Voted * |
Votes Withheld |
|
1. |
To receive the 2024 Annual Report and Accounts |
538,909,279 |
100.00 |
8,078 |
0.00 |
538,917,357 |
93.01 |
879 |
|
2. |
To approve the Directors' Remuneration Report |
538,850,755 |
99.99 |
59,546 |
0.01 |
538,910,301 |
93.01 |
7,935 |
|
3. |
To declare a final dividend of 4.80 pence per ordinary share on the ordinary shares of the Company for the year ended 28 December 2024, for payment on 28 May 2025 |
538,907,658 |
100.00 |
10,555 |
0.00 |
538,918,213 |
93.01 |
23 |
|
4. |
To elect Lee Miley as a Director of the Company |
538,746,082 |
99.97 |
171,406 |
0.03 |
538,917,488 |
93.01 |
748 |
|
5. |
To re-elect Simon Burke as a Director of the Company |
531,856,303 |
98.69 |
7,060,926 |
1.31 |
538,917,229 |
93.01 |
1,007 |
|
6. |
To re-elect Mike Edwards as a Director of the Company |
538,755,800 |
99.97 |
161,434 |
0.03 |
538,917,234 |
93.01 |
1,002 |
|
7. |
To re-elect Sanjeevan Bala as a Director of the Company |
538,812,872 |
99.98 |
103,539 |
0.02 |
538,916,411 |
93.01 |
1,825 |
|
8. |
To re-elect Umran Beba as a Director of the Company |
537,774,066 |
99.79 |
1,143,168 |
0.21 |
538,917,234 |
93.01 |
1,002 |
|
9. |
To re-elect Robert Berlin as a Director of the Company |
538,754,172 |
99.97 |
163,057 |
0.03 |
538,917,229 |
93.01 |
1,007 |
|
10. |
To re-elect Jill Caseberry as a Director of the Company |
537,742,843 |
99.78 |
1,174,391 |
0.22 |
538,917,234 |
93.01 |
1,002 |
|
11. |
To re-elect Agust Gudmundsson as a Director of the Company |
538,755,889 |
99.97 |
160,986 |
0.03 |
538,916,875 |
93.01 |
1,361 |
|
12. |
To re-elect Lydur Gudmundsson as a Director of the Company |
537,583,839 |
99.75 |
1,333,395 |
0.25 |
538,917,234 |
93.01 |
1,002 |
|
13. |
To re-elect Denis Hennequin as a Director of the Company |
537,771,163 |
99.79 |
1,146,071 |
0.21 |
538,917,234 |
93.01 |
1,002 |
|
14. |
To re-elect Jane Lodge as a Director of the Company |
538,868,597 |
99.99 |
47,814 |
0.01 |
538,916,411 |
93.01 |
1,825 |
|
15. |
To re-appoint PricewaterhouseCoopers LLP as External Auditors of the Company |
538,896,233 |
100.00 |
21,516 |
0.00 |
538,917,749 |
93.01 |
487 |
|
16. |
To authorise the Board to determine the remuneration of the External Auditors |
538,907,362 |
100.00 |
10,386 |
0.00 |
538,917,748 |
93.01 |
488 |
|
17. |
To authorise the Directors to allot shares |
538,732,915 |
99.97 |
184,601 |
0.03 |
538,917,516 |
93.01 |
720 |
|
18. |
To authorise the Directors to disapply pre-emption rights |
538,582,205 |
99.94 |
334,981 |
0.06 |
538,917,186 |
93.01 |
1,050 |
|
19. |
To authorise the Directors to disapply pre-emption rights for financing/refinancing particular acquisitions and other capital investments |
538,424,325 |
99.91 |
492,507 |
0.09 |
538,916,832 |
93.01 |
1,404 |
|
20. |
To authorise the Company to purchase its own shares |
536,542,881 |
99.56 |
2,352,279 |
0.44 |
538,895,160 |
93.01 |
23,076 |
|
21. |
To allow a general meeting to be called on 14 clear days' notice |
538,672,296 |
99.95 |
245,448 |
0.05 |
538,917,744 |
93.01 |
492 |
* Based on total issued share capital as at 20 May 2025 of 579,425,585 Ordinary shares.
|
Votes of Independent Shareholders on the resolutions concerning the re-election of the Independent Non-executive Directors |
||||||||
|
Res No. |
Resolution |
Votes For and Discretionary Votes |
% |
Votes Against |
% |
Total Votes Cast |
% of ISC Voted ** |
Votes Withheld |
|
5. |
To re-elect Simon Burke as a Director of the Company |
241,191,543 |
97.16 |
7,060,926 |
2.84 |
248,252,469
|
86.03 |
1,007 |
|
7. |
To re-elect Sanjeevan Bala as a Director of the Company |
248,148,112 |
99.96 |
103,539 |
0.04 |
248,251,651 |
86.03 |
1,825 |
|
8. |
To re-elect Umran Beba as a Director of the Company |
247,109,306 |
99.54 |
1,143,168 |
0.46 |
248,252,474 |
86.03 |
1,002 |
|
10. |
To re-elect Jill Caseberry as a Director of the Company |
247,078,083 |
99.53 |
1,174,391 |
0.47 |
248,252,474 |
86.03 |
1,002 |
|
13. |
To re-elect Denis Hennequin as a Director of the Company |
247,106,403 |
99.54 |
1,146,071 |
0.46 |
248,252,474 |
86.03 |
1,002 |
|
14. |
To re-elect Jane Lodge as a Director of the Company |
248,203,837 |
99.98 |
47,814 |
0.02 |
248,251,651 |
86.03 |
1,825 |
** Based on independent voting capital of 288,560,825 being total issued share capital of 579,425,585 Ordinary shares as at 20 May 2025, but
excluding shares held by the controlling shareholders.
Notes:
a) The votes "For" and "Against" are expressed as a percentage of the votes received.
b) The Company's issued share capital as at 20 May 2025 was 579,425,585 ordinary shares of 2 pence each.
c) Where shareholders have appointed the Chairman of the meeting as their proxy with discretion as to voting, those votes have been cast in favour of all of the resolutions.
d) A "Vote Withheld" is not counted towards the votes cast "For" or "Against" a resolution.
e) In accordance with UK Listing Rule 6.2.8R, Resolutions 5, 7, 8, 10, 13 and 14 (re-election of independent directors) inclusive were approved by: (a) the shareholders of the Company; and (b) the independent shareholders of the Company.
f) In accordance with the UK Listing Rule 6.4.2R, a copy of all resolutions passed other than resolutions concerning ordinary business will be submitted to the FCA via the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
g) A copy of the voting results shown above will be made available on the Company's website at www.bakkavor.com/en/investors/shareholder-information
-Ends-
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ENQUIRIES
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Company Secretarial: |
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Annabel Tagoe-Bannerman, Group General Counsel and Company Secretary |
+44 (0) 20 7908 6130 |
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Institutional investors and analysts: |
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Lee Miley, Chief Financial Officer |
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Emily Daw, Head of Investor Relations |
+44 (0) 20 7908 6114 |
About Bakkavor
We are the leading provider of fresh prepared food in the UK, and our presence in the US and China positions the Group well in these high-growth markets. We leverage our consumer insight and scale to provide innovative food that offers quality, choice, convenience, and freshness. Around 17,200 colleagues operate from 40 sites across our three markets supplying a portfolio of c.3,100 products across meals, pizza & bread, salads and desserts to leading grocery retailers in the UK and US, and international food brands in China. Of this total, our China business comprises: 2,300 colleagues, 9 sites (7 manufacturing sites, 1 head office, 1 farm) and c.1,100 products. Find out more at www.bakkavor.com.
LEI number: 213800COL7AD54YU9949