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Vp plc held its Annual General Meeting on 23 July 2025, where shareholders passed all proposed resolutions by a requisite majority. This included the declaration of a final dividend of 28.0 pence per ordinary share. Shareholders re-elected multiple directors, elected Richard Smith as a Director, and re-appointed PricewaterhouseCoopers LLP as auditor, with votes cast for ordinary resolutions representing between 78.97% and 79.81% of the Company's issued share capital.
| Date | 23 Jul 2025 |
| Time | 15:00:00 |
| Category | AGMs and other meetings |
| ID | 2853S |
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23 July 2025 |
('Vp', the 'Group' or the 'Company')
Results of Annual General Meeting
Vp plc (the "Company") announces that at its Annual General Meeting ("AGM") held today, all resolutions set out in the notice of the AGM were passed by the requisite majority of votes by shareholders by way of a poll.
The full text of the resolutions proposed at the AGM is included in the Company's Notice of AGM published on 23 June 2025, which is available on the Investors section of the Company's website at https://www.vpplc.com/investors/.
The results of the poll for each resolution were as follows:
|
|
VOTES FOR |
% |
VOTES AGAINST |
% |
TOTAL SHARES VOTED |
% OF ISSUED SHARE CAPITAL VOTED |
VOTES WITHHELD |
|
ORDINARY RESOLUTIONS
|
|
|
|
|
|
|
|
|
1. To receive the Company's financial statements and the reports of the Directors together with the Auditor's Report for the year ended 31 March 2025
|
32,043,705 |
99.99% |
1,631 |
0.01% |
32,045,336 |
79.81% |
- |
|
2. To declare a final dividend of 28.0 pence per ordinary share
|
32,045,205 |
100.00% |
131 |
0.00% |
32,045,336 |
79.81% |
- |
|
3. To re-elect Jeremy Pilkington as a Director
|
31,376,810 |
98.05% |
624,076 |
1.95% |
32,000,886 |
79.69% |
44,450 |
|
4. To re-elect Anna Bielby as a Director
|
31,769,994 |
99.14% |
274,892 |
0.86% |
32,044,886 |
79.80% |
450 |
|
5. To re-elect Keith Winstanley as a Director
|
32,040,449 |
99.99% |
4,437 |
0.01% |
32,044,886 |
79.80% |
450 |
|
6. To re-elect Mark Bottomley as a Director
|
29,996,460 |
93.61% |
2,048,426 |
6.39% |
32,044,886 |
79.80% |
450 |
|
7. To re-elect Stuart Watson as a Director
|
31,574,935 |
99.58% |
133,630 |
0.42% |
31,708,565 |
78.97% |
336,771 |
|
8. To elect Richard Smith as a Director
|
32,040,449 |
99.99% |
4,437 |
0.01% |
32,044,886 |
79.80% |
450 |
|
9. To re-appoint PricewaterhouseCoopers LLP as auditor of the Company
|
31,989,625 |
99.83% |
55,711 |
0.17% |
32,045,336 |
79.81% |
- |
|
10. To authorise the directors to determine the auditor's remuneration
|
32,041,705 |
99.99% |
3,631 |
0.01% |
32,045,336 |
79.81% |
- |
|
11. To approve the Directors' Remuneration Report
|
32,030,885 |
99.96% |
12,751 |
0.04% |
32,043,636 |
79.80% |
1,700 |
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SPECIAL RESOLUTIONS
|
|
|
|
|
|
|
|
|
12. To authorise the Company to purchase its own shares
|
31,796,122 |
99.22% |
249,050 |
0.78% |
32,045,172 |
79.81% |
164 |
|
13. To approve the calling of a general meeting other than an annual general meeting on not less than 14 clear days' notice
|
31,985,811 |
99.81% |
59,525 |
0.19% |
32,045,336 |
79.81% |
- |
Ackers P Investment Company Limited (a company of which Jeremy Pilkington is a director) is regarded as a controlling shareholder of the Company for the purposes of the Listing Rules, and each resolution to re-elect independent non-executive directors (resolutions 6, 7 and 8) have under Listing Rule 9.2.2E been approved by a majority of the votes cast by:
(i) the shareholders of the Company as a whole; and
(ii) the independent shareholders of the Company, that is, all the shareholders entitled to vote on each resolution excluding the controlling shareholder.
Votes cast by shareholders excluding the controlling shareholder are shown below:
|
RESOLUTION |
VOTES FOR |
% |
VOTES AGAINST |
% |
TOTAL SHARES VOTED |
% OF ISSUED SHARE CAPITAL VOTED |
VOTES WITHHELD |
|
6. To re-elect Mark Bottomley as a Director |
9,815,049 |
82.72% |
2,048,426 |
17.26% |
11,863,475 |
29.54% |
450
|
|
7. To re-elect Stuart Watson as a Director |
11,393,524 |
98.83% |
133,630 |
1.16% |
11,527,154 |
28.71% |
336,771
|
|
8. To re-elect Richard Smith as a Director |
11,859,038 |
99.95% |
4,437 |
0.04% |
11,863,475 |
29.54% |
450 |
Notes:
1. All resolutions were passed.
2. Any proxy appointments giving discretion to the Chairman of the AGM have been included in the "For" total.
3. Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.
4. A vote "Withheld" is not a vote in law and is not counted in the calculation of percentage of shares voted "For" or "Against" any resolution nor in the calculation of the "% of issued share capital voted" for any resolution.
5. The Company's total of ordinary shares in issue (total voting rights) on 20 June 2025, being the time at which a person had to be registered in the Company's register of members in order to vote at the AGM, was 40,154,253 ordinary shares of 5 pence each. Ordinary shareholders are entitled to one vote per ordinary share held.
6. The total number of ordinary shares held by shareholders excluding the controlling shareholder on 20 June 2025 was 19,972,842.
7. In accordance with paragraph 9.6.2 of the Listing Rules, a copy of the resolutions passed at the AGM will shortly be submitted to the National Storage Mechanism and will be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
8. A copy of this announcement will be available on the Company's website at https://www.vpplc.com/investors/.
- ENDS -
For further information:
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Vp plc |
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Anna Bielby, Chief Executive Officer |
Tel: +44 (0) 1423 533 400 |
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Keith Winstanley, Chief Financial Officer |
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Media enquiries: |
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Justin Griffiths/Nick Johnson/Amy Gibson |
Tel: +44 (0) 2071 006 451 |
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Notes to Editors
Vp plc is a specialist equipment rental business providing equipment, people, services and support for specialist projects. It focusses on niche sectors principally in the Infrastructure, Construction, Housebuilding and Energy markets in the UK and overseas. Businesses include: Groundforce, TPA, Torrent Trackside, Brandon Hire Station, ESS, MEP Hire, CPH, UK Forks, Airpac Rentals and Tech Rentals. Vp Rail is the Group's integrated rail solution providing customers with direct access to all of Vp's rail specialisms through a central team.
Our approach to environmental and social impact is guided by our core values and responsible business framework, for more information go to: www.vpplc.com/esg-and-governance/