REG - Macfarlane Group PLC - Results of Annual General Meeting

MacfarlaneAnnouncement

13/05/2025 15:30

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RNS Number : 5098I  Macfarlane Group PLC  13 May 2025

 

13 May 2025

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
(https://url.avanan.click/v2/r02/___https:/data.fca.org.uk/___.YXAxZTpzaG9yZWNhcDphOm86MGFjMDM0OTQzZjExODYzY2MzNDRkZWUyODhhZGE5MGU6NzpmNTMzOmMwZjBjNGUwODJkMjJkMDc1OGQwMWNkMmUzNmMwNGZhNjI4MzgwMmI4MzRjYzI2OGMyZWNiN2Q1ZDI3OTM3YWQ6cDpGOk4#/nsm/nationalstoragemechanism)
and are also available on the company's website, www.macfarlanegroup.com
(https://url.avanan.click/v2/r02/___http:/www.macfarlanegroup.com___.YXAxZTpzaG9yZWNhcDphOm86MGFjMDM0OTQzZjExODYzY2MzNDRkZWUyODhhZGE5MGU6NzoyOGZmOmU5NGExZTU3NzM4YjY3OTljNGIyMzdmZWM4NjBlYWY3NWZiYzFkNGU2MmU1ODM2MTJiZjdkOGI4OGI0N2EwNGM6cDpGOk4)
.

Total number of shares in issue 159,600,000.  Proxy appointments were
received from shareholders of 91,207,976 shares (including votes withheld)
amounting to 57.15% of the issued share capital.

All resolutions were passed on a poll with resolutions 1 to 14 passed as
ordinary resolutions and resolutions 15 to 17 passed as special resolutions.

The following level of proxy appointments were lodged prior to the meeting:

                                                                                  In Favour Votes          Against           Withheld

 Resolution and description                                                                                Votes             Votes
                                                                                  No.              %       No.        %      No.

 1.   Adoption of the accounts                                                    91,126,745       99.98%  19,027     0.02%  62,204
 2.   Approval of the Remuneration Report                                         90,840,273       99.91%  77,440     0.09%  290,263
 3.   Approval of the Remuneration Policy                                         86,817,460       95.25%  4,329,253  4.75%  61,263
 4.   Approval of Final Dividend                                                  91,176,452       99.99%  8,853      0.01%  22,671
 5.   Re-elect Aleen Gulvanessian                                                 85,431,658       93.70%  5,747,073  6.30%  29,245
 6.   Re-elect Peter D. Atkinson                                                  91,150,404       99.97%  28,327     0.03%  29,245
 7.   Re-elect Ivor Gray                                                          91,152,904       99.97%  25,827     0.03%  29,245
 8.   Re-elect James W.F. Baird                                                   86,941,021       95.38%  4,214,594  4.62%  52,361
 9.   Re-elect Laura Whyte                                                        87,071,637       95.50%  4,107,094  4.50%  29,245
 10.         Elect David Stirling                                                 88,060,906       96.59%  3,109,325  3.41%  37,745
 11.         Re-appoint Deloitte LLP as auditors                                  90,989,187       99.90%  93,237     0.10%  125,552
 12.         Authorise the Directors to determine Auditor's                       91,110,264       99.92%  74,660     0.08%  23,052
 remuneration
 13.         Approval of the Performance Share Plan                               87,711,518       96.22%  3,449,760  3.78%  46,698
 14.         Authority to allot unissued shares under S. 551 of the               83,545,691       91.64%  7,624,866  8.36%  37,419
 Companies Act 2006
 15.         Authority to dis-apply pre-emption rights pursuant to S.             87,184,024       95.64%  3,977,121  4.36%  46,831
 561 of the Companies Act 2006 for 5% of the issued share capital
 16.         Authority to dis-apply pre-emption rights pursuant to S.             86,674,494       95.08%  4,487,871  4.92%  45,611
 561 of the Companies Act 2006 for an additional 5% of the issued share capital
 17.         Authority to re-purchase its own shares, up to a maximum             91,090,889       99.90%  93,289     0.10%  23,798
 of 15,960,000 shares (10% of shares outstanding)

 

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 Main Market
of the London Stock Exchange plc (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 43 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.

 

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