7 May 2024
Macfarlane Group PLC
("Macfarlane", the "Company",
or the "Group")
Results of Annual General Meeting
Macfarlane Group PLC confirms that shareholders
passed all resolutions proposed at the Annual General Meeting held
today. The resolutions were as set out in the Notice of
Meeting, as filed with the National Storage Mechanism at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
and are also available on the company's website,
www.macfarlanegroup.com.
Total number of shares in issue 159,600,000.
Proxy appointments were received from shareholders of 94,623,113
shares (including votes withheld) amounting to 59.29% of the issued
share capital.
All resolutions were passed on a poll with
resolutions 1 to 11 passed as ordinary resolutions and resolutions
12 to 14 passed as special resolutions.
The following level of proxy appointments were lodged
prior to the meeting:
|
Resolution and description
|
In Favour
Votes
|
|
Against
Votes
|
|
Withheld
Votes
|
|
|
No.
|
%
|
No.
|
%
|
No.
|
|
|
|
|
|
|
|
|
1. Adoption of the
accounts
|
94,590,207
|
100.00%
|
0
|
0.00%
|
32,906
|
|
2. Approval of the
Remuneration Report
|
83,985,172
|
88.80%
|
10,589,145
|
11.20%
|
48,796
|
|
3. Approval of Final
Dividend
|
94,598,708
|
100.00%
|
1,861
|
0.00%
|
22,544
|
|
4. Re-elect Aleen
Gulvanessian
|
94,494,904
|
99.96%
|
35,872
|
0.04%
|
92,337
|
|
5. Re-elect Peter D.
Atkinson
|
94,517,418
|
99.91%
|
81,289
|
0.09%
|
24,406
|
|
6. Re-elect Ivor
Gray
|
94,483,562
|
99.92%
|
80,145
|
0.08%
|
59,406
|
|
7. Re-elect James W.F.
Baird
|
94,552,366
|
99.97%
|
23,725
|
0.03%
|
47,022
|
|
8. Re-elect Laura
Whyte
|
94,540,793
|
99.98%
|
21,235
|
0.02%
|
61,085
|
|
9. Re-appoint Deloitte
LLP as auditors
|
94,505,882
|
99.90%
|
92,825
|
0.10%
|
24,406
|
|
10. Authorise the Directors to
determine Auditor's remuneration
|
94,538,009
|
99.93%
|
61,519
|
0.07%
|
23,585
|
|
11. Authority to allot
unissued shares under S. 551 of the Companies Act 2006
|
94,384,389
|
99.78%
|
205,203
|
0.22%
|
33,521
|
|
12. Authority to dis-apply
pre-emption rights pursuant to S. 561 of the Companies Act 2006 for
5% of the issued share capital
|
94,439,831
|
99.84%
|
147,561
|
0.16%
|
35,721
|
|
13. Authority to dis-apply
pre-emption rights pursuant to S. 561 of the Companies Act 2006 for
an additional 5% of the issued share capital
|
91,342,606
|
96.57%
|
3,244,786
|
3.43%
|
35,721
|
|
14. Authority to re-purchase
its own shares, up to a maximum of 15,960,000 shares (10% of shares
outstanding)
|
94,427,006
|
99.91%
|
82,592
|
0.09%
|
113,515
|
|
15. Authority to amend the
existing Articles of Association, to modernise the untraced
shareholder provision
|
94,492,131
|
99.96%
|
36,757
|
0.04%
|
94,225
|
A vote withheld is not a vote in law and is not
counted in the calculation of the number or % of votes "For" or
"Against" a resolution.
Further enquiries:
|
Macfarlane Group
|
Tel: 0141 333 9666
|
|
|
Peter
Atkinson
Chief Executive
|
|
|
|
Ivor
Gray
Finance Director
|
|
|
|
|
|
|
Spreng Thomson
|
|
|
|
Callum Spreng
|
Mob: 07803 970103
|
Legal Entity
Identifier (LEI): 213800LVRYDERSJAAZ73
Notes to
Editors:
·
Macfarlane Group PLC has been listed on the Premium segment of the
Main Market of the London Stock Exchange (LSE: MACF) since 1973
with over 70 years' experience in the UK packaging industry.
·
Through its two divisions, Macfarlane Group services a broad range
of business customers, supplying them with high quality protective
packaging products which help customers reduce supply chain costs,
improve operational efficiencies and sustainability and enhance
their brand presentation. The divisions are:
o Packaging Distribution - Macfarlane Packaging Distribution is
the leading UK distributor of a comprehensive range of protective
packaging products; and
o Manufacturing Operations - Macfarlane Design
and Manufacture is a UK market leader in the design and
production of protective packaging for high value and fragile
products.
·
Headquartered in Glasgow, Scotland, Macfarlane Group employs over
1,000 people at 40 sites, principally in the UK, as well as in
Ireland, Germany and the Netherlands.
·
Macfarlane Group supplies more than 20,000 customers, principally
in the UK and Europe.
·
In partnership with 1,700 suppliers, Macfarlane Group distributes
and manufactures 600,000+ lines supplying to a wide range of
sectors, including: retail e-commerce; consumer goods; food;
logistics; mail order; electronics; defence; medical; automotive;
and aerospace.
