TEN ENTERTAINMENT GR

TEG
Delayed Quote. Delayed  - 11/27 11:35:28 am
199.5GBX -0.25%

Ten Entertainment : Results of AGM

06/18/2020 | 10:42am

18 June 2020

Ten Entertainment Group plc

(the "Company")

Results of the Annual General Meeting

ALL RESOLUTIONS PASSED

At the Company AGM held earlier today, the board is pleased to confirm all resolutions were duly passed by shareholders. The following table sets out a breakdown of voting results.

Full details of the poll results are set out below and will also be available on the Company's website www.tegplc.co.uk

No

Resolution

Votes For

%

Votes Against

%

Total Votes Cast

% of ISC Voted

Votes Withheld

Independent

Votes For

%

1

To receive the Directors' report and the accounts for the Company for the year ended 29 December 2019

60,629,167

99.99%

4,624

0.01%

60,633,791

88.71%

1,050,000

2

To approve the Directors' Remuneration Report

48,411,360

79.84%

12,222,431

20.16%

60,633,791

88.71%

1,050,000

3

To approve the Directors' Remuneration Policy

47,038,961

76.26%

14,644,830

23.74%

61,683,791

90.25%

-

4

To re-elect Nick Basing as a Director

43,027,056

77.87%

12,226,543

22.13%

55,253,599

80.84%

6,430,192

5

To elect Duncan Garrood as a Director

53,467,269

88.18%

7,166,522

11.82%

60,633,791

88.71%

1,050,000

6

To elect Antony Smith as a Director

53,471,244

88.19%

7,162,548

11.81%

60,633,792

88.71%

1,050,000

7

To re-elect Graham Blackwell as a Director

53,467,269

86.68%

8,216,522

13.32%

61,683,791

90.25%

-

8

To re-elect David Wild as a Director

57,391,682

94.65%

3,246,714

5.35%

60,638,396

88.72%

1,045,395

44,921,463

93.26%

9

To elect Adam Bellamy as a Director

58,138,759

95.88%

2,499,638

4.12%

60,638,397

88.72%

1,045,395

45,668,540

94.81%

10

To re-elect Christopher Mills as a Director

49,081,751

80.99%

11,519,803

19.01%

60,601,554

88.67%

1,082,237

11

To re-elect Julie Sneddon as a Director

59,583,772

98.26%

1,054,624

1.74%

60,638,396

88.72%

1,045,395

47,113,553

97.81%

12

To re-appoint PricewaterhouseCoopers LLP as auditors of the Company

61,679,462

100.00%

850

0.00%

61,680,312

90.25%

3,480

13

To authorise the Directors to fix the remuneration of the auditors

61,679,462

100.00%

850

0.00%

61,680,312

90.25%

3,480

14

To authorise the Directors to allot relevant securities in the capital of the Company up to an aggregate nominal amount of £227,500

61,615,706

99.89%

68,086

0.11%

61,683,792

90.25%

-

15

To authorise the Directors to disapply statutory preemption rights up to a nominal amount of £68,250

51,916,108

84.17%

9,766,883

15.83%

61,682,991

90.25%

800

16

To authorise the Directors to disapply statutory preemption rights up to an additional nominal amount of £68,250 in connection with an acquisition or specified capital investment

51,916,108

84.17%

9,766,883

15.83%

61,682,991

90.25%

800

17

To authorise the Company to make market purchases of its ordinary shares

58,197,565

94.35%

3,486,226

5.65%

61,683,791

90.25%

-

18

To authorise the Directors to call a general meeting other than an annual general meeting on not less than 14 clear days' notice

61,506,171

99.71%

177,621

0.29%

61,683,792

90.25%

-

19

To authorise the amendment to the Articles of Association

54,062,003

0.88%

7,617,508

12.35%

61,679,511

90.24%

4,280

Notes:

  • 1. Any proxy arrangement which gave discretion to the Chairman has been included in the "for" totals.

  • 2. A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares 'For' or 'Against' any resolution. In accordance with Listing Rule 9.2.2, the votes of the shareholders and the independent shareholders are set out separately in the above table.

3.

The number of shares in issue at 6.00pm on 15 June 2020 was 68,346,970 (the "Share Capital"). The Company does not hold any shares in treasury.

Resolution 2 and 3

The Board is pleased that the Directors' Remuneration Report and the Directors' Remuneration Policy were approved but notes the number of votes against these resolutions exceeded 20% in both cases. The Company will now undertake a full independent review of its remuneration policy and reporting overseen by the Remuneration Committee and will report on this later in the year. Until a full review has been completed, and the business is fully reopened, the Board do not intend to award any LTIPs in respect of 2020.

Resolution 4

The re-election of Nick Basing received votes in favour of over 77%. As required by the Corporate Governance Code the Board thought very carefully about Nick's independence and specifically considered his tenure and previous roles in the Group and were satisfied that these have not compromised his independence in any way. This is laid out in detail in the Annual Report.

In accordance with Listing Rule 9.6.2, copies of resolutions passed at the Annual General Meeting concerning items other than ordinary business will shortly be available for inspection on the National Storage Mechanism which can be accessed at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

Enquiries:

Ten Entertainment Group plc via Instinctif Partners

Duncan Garrood, Chief Executive Officer

Antony Smith, Chief Financial Officer

Instinctif Partners

Tel: 020 7457 2020

Matthew Smallwood Jack Devoy

Disclaimer

Ten Entertainment Group plc published this content on 18 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 June 2020 14:41:02 UTC

© Publicnow 2020
Copier lien
All news about TEN ENTERTAINMENT GROUP PLC
09/23
09/23
06/18
05/13
05/13