t
Victorian Plumbing Group plc announced on 25 February 2025 that all 14 resolutions proposed at its Annual General Meeting were passed. Shareholders approved the directors' remuneration policy with 88.71% of votes "For," re-elected Philip Bowcock as a director with 98.50% "For," and declared a final dividend of 1.09 pence per ordinary share for the year ended 30 September 2024.
| Date | 25 Feb 2025 |
| Time | 12:32:43 |
| Category | AGMs and other meetings |
| ID | 4097Y |
25 February 2025
Victorian Plumbing Group plc
("Victorian Plumbing" or the "Company")
Result of 2025 Annual General Meeting ("AGM")
Victorian Plumbing (AIM: VIC), the UK's leading bathroom retailer, announces that all of the resolutions set out in the Notice of AGM were passed by the requisite majority at the Company's AGM, held earlier today.
Details of the votes received for each resolution are as follows:
|
Resolution |
For |
Against |
Withheld |
||
|
|
No. of votes |
% |
No. of votes |
% |
No. of votes |
|
1. To receive and adopt the Company's annual accounts for the financial year ended 30 September 2024 |
289,060,577 |
100.00% |
0 |
0.00% |
1,288 |
|
2. To re-appoint Ernst & Young LLP as the Company's auditors. |
289,049,169 |
100.00% |
11,408 |
0.00% |
1,288 |
|
3. To authorise the directors to determine the remuneration of the Company's auditors. |
289,057,790 |
100.00% |
2,536 |
0.00% |
1,539 |
|
4. To approve the directors' remuneration policy. |
242,248,775 |
88.71% |
30,825,659 |
11.29% |
15,987,431 |
|
5. To declare a final dividend of 1.09 pence per ordinary share for the year ended 30 September 2024. |
289,059,965 |
100.00% |
0 |
0.00% |
1,900 |
|
6. To re-elect Philip Bowcock as a director of the Company. |
265,631,821 |
98.50% |
4,043,307 |
1.50% |
19,386,738 |
|
7. To re-elect Mark Radcliffe as a director of the Company. |
288,991,414 |
99.98% |
66,970 |
0.02% |
3,481 |
|
8. To re-elect Daniel Barton as a director of the Company. |
288,988,513 |
99.98% |
69,871 |
0.02% |
3,481 |
|
9. To re-elect Damian Sanders as a director of the Company. |
288,993,240 |
99.98% |
65,144 |
0.02% |
3,481 |
|
10. To re-elect Dianne Walker as a director of the Company. |
288,993,865 |
99.98% |
64,519 |
0.02% |
3,481 |
|
11. To authorise the directors to exercise all powers of the Company to allot Relevant Securities. |
288,180,978 |
99.70% |
864,599 |
0.30% |
16,288 |
|
12. To authorise the directors to disapply pre-emption rights.* |
289,034,000 |
100.00% |
11,244 |
0.00% |
16,621 |
|
13. To authorise the directors to disapply additional pre-emption rights.* |
289,034,435 |
100.00% |
10,809 |
0.00% |
16,621 |
|
14. To authorise the directors to make market purchases.* |
289,057,902 |
100.00% |
815 |
0.00% |
3,148 |
* Passed as special resolutions
Notes:
|
1. |
Proxy appointments which gave discretion to the Chair of the AGM have been included in 'For' total for the appropriate resolution. |
|
2. |
Votes 'For' and 'Against' any resolution are expressed as a percentage of votes validly cast for that resolution. |
|
3. |
A vote 'Withheld' is not a vote in law and is not counted in the calculation of the percentage of shares voted 'For' or 'Against'. |
|
4. |
The number of shares in issue on 25 February 2025 was 327,474,016 with no shares in treasury. |
|
5. |
The full text of the resolutions passed at the AGM can be found in the Notice of Annual General Meeting which is available on the Company's website at https://www.victorianplumbingplc.com/investors/key-documents/. |
-ENDS-
For further information, please contact:
|
|
|
Victorian Plumbing Group plc Mark Radcliffe, Chief Executive Officer Daniel Barton, Chief Financial Officer
|
via FTI Consulting +44 20 3727 1000 |
|
FTI Consulting (Financial PR) Alex Beagley, Harriet Jackson, Amy Goldup, Lia Bevan
|
+44 20 3727 1000
|
|
Houlihan Lokey UK Ltd (Nominated Adviser) Sam Fuller, Tim Richardson |
+44 20 7839 3355 |
|
|
|
|
Barclays Bank PLC (Joint Broker) Nicola Tennent, Stuart Muress |
+44 20 7623 2323 |
|
|
|
|
Canaccord Genuity Limited (Joint Broker) Bobbie Hilliam, Elizabeth Halley-Stott |
+44 20 7597 5970 |
About Victorian Plumbing Group
Victorian Plumbing is the UK's leading bathroom retailer, offering an unrivalled high-quality product range and excellent stock availability to B2C and trade customers.
Victorian Plumbing offers its customers a one-stop shop solution for the entire bathroom with own and third party brands across a wide spectrum of price points. Victorian Plumbing product design and supply chain strengths are complemented by its creative and brand-focused marketing strategy to drive significant and growing traffic to its platforms.
Headquartered in the North West, Victorian Plumbing employs staff across several locations in the UK.