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Parity Group Plc shareholders approved the disposal of Parity Professionals Limited and the change of the company's name to Partway Group plc at a General Meeting held on December 7, 2023. Resolution 1 (Disposal) passed with 56,888,763 votes (99.62%) for and 215,073 votes (0.38%) against, from 55.42% of the Issued Share Capital cast. Resolution 2 (Name Change) passed with 56,017,039 votes (99.58%) for and 236,767 votes (0.42%) against, from 54.58% of the Issued Share Capital cast.
| Date | 7 Dec 2023 |
| Time | 17:07:56 |
| Category | AGMs and other meetings |
| ID | 0907W |
7 December 2023
Parity Group Plc
("Parity" or the "Company")
Result of General Meeting
Further to the announcement dated 21 November 2023 regarding the Company's disposal of Parity Professionals Limited ("PPL") (the "Disposal") and the change of name to Partway Group plc ("Name Change"), the Company confirms that the Disposal and Name Change were approved by shareholders at the General Meeting held earlier today.
Completion of the Disposal is expected to occur shortly and the Company will formally change its name to Partway Group Plc in the coming days. Further announcements will be made in relation to these matters in due course.
The table below shows the proxy votes received on the resolution proposed at the General Meeting. The full text of the resolutions is contained in the Notice of General Meeting published on 21 November 2023.
|
Resolution |
Votes For* |
% |
Votes Against |
% |
Total no. votes cast |
% of ISC** |
Votes Withheld*** |
|
1 |
56,888,763 |
99.62 |
215,073 |
0.38 |
57,103,836 |
55.42 |
17,080 |
|
2 |
56,017,039 |
99.58 |
236,767 |
0.42 |
56,253,806 |
54.58 |
64 |
* Includes discretionary votes
**Issued Share Capital
**A vote withheld is not a vote in law and is not included in the calculation of the votes "For" or "Against" the resolution or the total number of votes cast
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Contacts |
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Parity Group plc |
Tel: + 44 (0) 20 8171 1729 |
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Mark Braund, Executive Chairman |
www.parity.net |
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Mike Johns, Chief Financial Officer |
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Allenby Capital Limited (Nominated Adviser and Broker) |
Tel: +44 (0) 20 3328 5656 |
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David Hart / Dan Dearden-Williams (Corporate Finance) |
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Tony Quirke (Sales and Corporate Broking) |
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