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At its Annual General Meeting on 24 March 2023, LPA Group PLC shareholders passed ordinary resolutions 1-5 and special resolution 7, but special resolution 6 was not passed. Special resolution 6, concerning the power to allot equity securities for cash without pre-emptive offers, received 1,881,450 votes (34.97%) for and 3,498,843 votes (65.03%) against, from 5,380,293 total votes cast. The Company had consulted its largest shareholder, representing approximately 24% of the share capital, who was unwilling to support this general power.
| Date | 24 Mar 2023 |
| Time | 10:39:37 |
| Category | AGMs and other meetings |
| ID | 1738U |
LPA GROUP PLC
("LPA", the "Company" or the "Group")
Result of AGM
LPA Group Plc, the high reliability LED lighting, electronic and electro-mechanical system designer and manufacturer, announces that at its annual general meeting ("AGM"), shareholders passed, on a poll, ordinary resolutions 1, 2, 3, 4 and 5. In respect of special resolutions 6 and 7, resolution 7 was passed on a poll but resolution 6 was not passed.
The Company has consulted with its largest shareholder, representing approximately 24% of the Company's share capital, who is not willing to support the Company having a general power permitting the new issue of shares for cash, without pre-emptive offers to existing shareholders.
The result of the poll for resolution 6 was as follows:
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Special Resolution |
Votes For
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Votes Against |
Total Votes Cast |
Votes Withheld |
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No of shares |
% of shares voted |
No of shares |
% of shares voted |
No of shares |
% of ISC shares voted |
No of shares |
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6. That subject to the passing of resolution 5 the directors be given power to allot equity securities for cash |
1,881,450 |
34.97% |
3,498,843 |
65.03% |
5,380,293 |
39.90% |
6,102 |
A copy of the resolutions is included in the Company's Annual Report & Accounts, which are available on the Company's website, www.lpa-group.com
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Enquires: |
www.lpa-group.com |
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Tel: |
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LPA Group plc |
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Robert B Horvath |
Chairman |
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01799 512 800 |
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Paul Curtis |
CEO |
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Stuart Stanyard |
CFO |
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finnCap |
NOMAD and Broker |
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020 7220 0500 |
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Ed Frisby / Abigail Kelly (Corporate Finance) Tim Redfern / Charlotte Sutcliffe (ECM) |
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About LPA
LPA Group plc (AIM: LPA) is a market leading designer, manufacturer and supplier of high reliability LED lighting, electronic and electro-mechanical systems, and a distributor of engineered components.
Focused on transport (rail and aviation), defence, infrastructure and industrial markets and supplying into hostile and challenging environments, LPA is known for engineering solutions to improve product reliability, reducing maintenance and life cycle costs.
The Group has three sites across the UK, selling to customers in the UK and overseas. Two of these are design and manufacturing sites: LPA Connection Systems - electro-mechanical systems for rail, aviation and industrial, and LPA Lighting Systems - LED lighting and electronic systems for rail and infrastructure. The third site is LPA Channel Electric - a value added distributer of engineered components for rail, aerospace and defence.
With over 160 years of UK design and manufacture, and with origins in the first ever light installed in 'Electric Avenue', Brixton; innovation is core to LPA and to the products and services supplied to our customers worldwide.
For more information visit www.lpa-group.com