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Logistics Development Group plc announced the results of its Annual General Meeting held on 25 June 2025, where 11 resolutions were put to members. Resolutions 1-8 passed as ordinary resolutions, and resolution 11 passed as a special resolution; however, special resolutions 9 and 10 did not pass, having received 55.24% of votes each.
| Date | 25 Jun 2025 |
| Time | 12:55:39 |
| Category | AGMs and other meetings |
| ID | 4071O |
25 June 2025
Logistics Development Group plc
("LDG") or the "Company")
Result of AGM
Logistics Development Group plc, the AIM Investing Company, announces that at its Annual General Meeting held at 10.00 a.m. on 25 June 2025, out of all 11 resolutions put to the members resolutions 1-8 and 11 were passed on a poll. Resolutions 9 and 10, which were special resolutions requiring 75% approval, did not pass. Accordingly, resolutions 1-8 were passed as ordinary resolutions and resolution 11 was passed as a special resolution.
The results of the polls are set out below:,
|
Resolution |
For (see note 1) |
Against (see note 1) |
Votes withheld (see note 2) |
|||
|
Votes |
% |
Votes |
% |
|||
|
1 |
To receive the audited accounts and the auditors' and directors' reports for the 13 month period to 31 December 2024. |
229,813,984 |
99.99% |
6,676 |
0.01% |
31,186 |
|
2 |
To re-appoint Adrian Collins as a director. |
229,554,763 |
99.88% |
267,875 |
0.12% |
29,208 |
|
3 |
To re-appoint David Facey as a director. |
128,633,514 |
66.15% |
65,825,232 |
33.85% |
35,393,100 |
|
4 |
To appoint Mark Butcher as a director. |
229,635,090 |
99.92% |
187,548 |
0.08% |
29,208 |
|
5 |
To appoint Colin Kingsnorth as a director |
229,508,721 |
99.86% |
313,917 |
0.14% |
29,208 |
|
6 |
To re- appoint Haysmacintyre LLP as auditor. |
229,767,333 |
99.98% |
53,327 |
0.02% |
31,186 |
|
7 |
To authorise the board of directors to determine the auditor's remuneration |
229,635,859 |
99.92% |
182,765 |
0.08% |
33,222 |
|
8 |
To authorise the Directors to allot and grant rights to subscribe for or convert any security into shares. |
192,546,736 |
83.85% |
37,085,139 |
16.15% |
219,971 |
|
9 |
Authority to disapply pre-emption rights. |
126,833,457 |
55.24% |
102,785,265 |
44.76% |
233,124 |
|
10 |
Additional authority to disapply pre-emption rights. |
126,828,457 |
55.24% |
102,785,265 |
44.76% |
238,124 |
|
11 |
To authorise the Directors to make market purchases of the Company's own shares. |
229,594,204 |
99.98% |
44,370 |
0.02% |
213,272 |
Notes:
1 Votes "For" and "Against" are expressed as a percentage of votes received.
2 A "Vote Withheld" is not a vote in law and is not counted in the calculation of the proportion of votes "For" or "Against" a resolution.
For enquiries:
|
Logistics Development Group plc |
Via FTI Consulting |
|
FTI Consulting Nick Hasell Alex Le May
|
+44 (0) 20 3727 1340 |
|
|
|
|
Strand Hanson Limited (Financial and Nominated Adviser) James Dance Richard Johnson Abigail Wennington
|
+44 (0) 20 7409 3494 |
|
Investec Bank plc (Broker) Gary Clarence Harry Hargreaves |
+44 (0) 20 7597 5970 |