22 March
2024
Kitwave Group plc
("Kitwave", the
"Group" or the "Company")
Result of AGM and Directorate
Change
Kitwave Group plc (AIM: KITW), the delivered wholesale business,
confirms that all the resolutions put to the shareholders at the
Annual General Meeting ("AGM") held earlier
today were duly passed.
A breakdown of proxy votes lodged prior to the
meeting for each resolution is set out below and will also be made
available on the Group's website at: https://www.kitwave.co.uk/investors/documents/#circulars
|
Resolutions
|
For*
|
%
For
|
Against
|
% Against
|
Vote withheld**
|
Total votes cast
|
|
1. Annual report and accounts for the financial
year ended 31 October 2023
|
45,539,759
|
100
|
0
|
0
|
436,032
|
45,539,759
|
|
2. Declaration of final dividend
|
45,975,791
|
100
|
0
|
0
|
0
|
45,975,791
|
|
3. Re-election of David Brind as a
director
|
45,975,691
|
99.99
|
100
|
0.01
|
0
|
45,975,791
|
|
4. Re-election of Benjamin Maxted as a
director
|
45,975,791
|
100
|
0
|
0
|
0
|
45,975,791
|
|
5. Re-election of Gerard Murray as a
director
|
45,975,691
|
99.99
|
100
|
0.01
|
0
|
45,975,791
|
|
6. Re-election of Teresa Octavio as a
director
|
45,975,791
|
100
|
0
|
0
|
0
|
45,975,791
|
|
7. Re-election of Stephen Smith as a
director
|
43,462,495
|
94.53
|
2,513,296
|
5.47
|
0
|
45,975,791
|
|
8. Re-appointment of auditor
|
45,975,791
|
100
|
0
|
0
|
0
|
45,975,791
|
|
9. Auditor's remuneration
|
45,975,791
|
100
|
0
|
0
|
0
|
45,975,791
|
|
10. Director's authority to allot
shares
|
45,975,791
|
100
|
0
|
0
|
0
|
45,975,791
|
|
11. ***Dis-application of pre-emption
rights
|
45,529,770
|
99.03
|
446,021
|
0.97
|
0
|
45,975,791
|
|
12. ***Dis-application of pre-emption
rights for specified capital investment or acquisition
|
41,985,989
|
91.32
|
3,989,802
|
8.68
|
0
|
45,975,791
|
|
13. ***Authority to purchase own
shares
|
45,754,791
|
99.99
|
1,000
|
0.01
|
220,000
|
45,755,791
|
|
14. Authority to make political
donations or incur political expenditure
|
38,580,813
|
91.35
|
3,651,245
|
8.65
|
3,743,733
|
42,232,058
|
* The votes "for" figures include
those votes at the discretion of the Chairman.
** A vote withheld is not a vote in
law and is not counted in the calculation of the proportion of
votes 'for' or 'against' a resolution.
*** Special resolutions requiring a
75% majority.
Directorate Change
As set out in the announcement by
the Company on 6 November 2023, Paul
Young has retired from the Board following the conclusion of the
Annual General Meeting. Ben Maxted has been appointed as Chief
Executive Officer with immediate effect.
- Ends -
For
further information please contact:
|
Kitwave Group plc
Ben Maxted, Chief Executive
Officer
David Brind, Chief Financial
Officer
www.kitwave.co.uk
|
Tel: +44 (0) 191 259 2277
|
|
Canaccord Genuity Limited
(Nominated Adviser and Sole Broker)
Bobbie Hilliam
Alex Orr
|
Tel: +44 (0) 20 7523 8150
|
|
Yellow Jersey PR
(Financial media and PR)
Sarah Hollins
Shivantha Thambirajah
Bessie Elliot
|
Tel: +44 (0) 20 3004 9512
|
Company
Overview
Founded in 1987, following the acquisition of a single-site
confectionery wholesale business based in North Shields, United
Kingdom, Kitwave is a delivered wholesale business, specialising in
selling and delivering impulse products, frozen and chilled foods,
alcohol, groceries and tobacco to approximately 42,000, mainly
independent, customers.
With a network of 30 depots, Kitwave is able to
support delivery throughout the UK to a diverse customer base,
which includes independent convenience retailers, leisure outlets,
vending machine operators, foodservice providers and other
wholesalers, as well as leading national retailers.
The Group's growth to date has been achieved
both organically and through a strategy of acquiring smaller,
predominantly family-owned, complementary businesses in the
fragmented UK grocery and foodservice wholesale market.
Kitwave Group plc (AIM: KITW) was admitted to
trading on AIM of the London Stock Exchange on 24 May
2021.
For further information, please visit
www.kitwave.co.uk.