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ME Group International PLC announced that both resolutions proposed at its General Meeting on 26 February 2026 were passed on a poll. Resolution 1, authorising market purchases of ordinary shares, received 99.82% of votes cast, while Resolution 2, approving a Takeover Panel waiver for the Concert Party, received 83.54% of votes cast by Independent Shareholders. Following these approvals, ME Group expects to launch a share buyback programme valued between £15 million and £20 million.
| Date | 26 Feb 2026 |
| Time | 11:35:17 |
| Category | AGMs and other meetings |
| ID | 5663U |
26 February 2026
ME GROUP INTERNATIONAL PLC
("ME Group" or "the Group" or "the Company")
Result of General Meeting and Commencement of Share Buyback Programme
ME Group International plc (LON: MEGP), the instant-service vending equipment group, is pleased to announce that at the General Meeting held today at 10.00 a.m. at the offices of Hudson Sandler LLP, 25 Charterhouse Square, London, EC1M 6AE, both resolutions set out in the Circular and Notice of General Meeting sent to shareholders on 10 February 2026 ("Circular and Notice of 2026 GM") were passed on a poll.
The results of the poll for each resolution are set out below:
|
Special Business
|
Total Votes Cast |
% of total voting rights |
Votes For |
Votes Against |
Votes withheld |
% for |
% against |
|
|
Special Resolution
|
|
|
|
|
|
|
|
|
|
1. |
THAT, subject to resolution 2, the Company be authorised to make market purchases of ordinary shares of 0.5p each.
|
159,427,696 |
42.21 |
159,138,119 |
289,577 |
17,715 |
99.82 |
0.18 |
|
Ordinary Resolution |
|
|
|
|
|
|
|
|
|
2. |
THAT, subject to resolution 1, the waiver by the Panel on Takeovers and Mergers of any obligation which might arise on the Concert Party to make a general offer as a result of market purchases of ordinary shares be approved. |
159,392,232 |
42.20
|
133,157,571 |
26,234,661 |
53,179 |
83.54 |
16.46 |
Notes:
1. Votes withheld have not been counted in the calculation of the proportion of the votes "for" and "against" resolutions.
2. Votes which gave discretion to the Chairman have been included in the "for" total.
3. In accordance with the terms of the Panel Waiver, only Independent Shareholders were entitled to vote on Resolution 2.
Other than where defined, capitalised terms used in this Announcement have the meanings given to them in the Circular and Notice of 2026 GM.
Accordingly, as set out in the Company's announcement on 25 February 2026, the Company expects to launch a share buyback of between £15 million to £20 million shortly following publication of its audited financial statements for the year ended 31 October 2025.
Enquiries:
|
ME Group International plc |
+44 (0) 1372 453 399 |
|
Serge Crasnianski, CEO Vlad Crasneanscki, Deputy CEO |
|
|
Stéphane Gibon, CFO |
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|
|
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|
Hudson Sandler |
+44 (0) 20 7796 4133 |
|
Wendy Baker Nick Moore |
Disclaimer
Peel Hunt LLP, which is authorised and regulated by the Financial Conduct Authority (FCA), is acting as Financial Adviser to the Company in connection with the matters described in this announcement. Peel Hunt LLP will not be responsible to anyone other than the Company for providing the protections afforded to clients of Peel Hunt LLP or for advising any other person on the Proposed Buy-Back Authority and the Rule 9 Waiver or any other arrangements described in this announcement. Peel Hunt LLP has not authorised the contents of, or any part of, this announcement and no liability whatsoever is accepted by Peel Hunt LLP for the accuracy of any information or opinions contained in this announcement or for the omission of any information.