27 June 2024
NAHL Group PLC
("NAHL" or the "Group")
Result of Annual General Meeting
The Board of NAHL is pleased to confirm that at the Company's Annual General Meeting held earlier today, resolutions 1 to 9 and resolution 11 were passed on a show of hands. Resolution 10 was carried on a show of hands but the Chairman, after considering the proxy voting results, demanded a poll and the resolution was subsequently not carried. Full details of the proxy votes received from shareholders prior to the Meeting for each resolution are set out below.
The full text of each resolution was included in the Company's Notice of the Annual General Meeting posted to shareholders on 30 May 2024 and made available on the Company's website www.nahlgroupplc.co.uk.
|
Resolution |
Total votes cast* |
For |
Against |
Withheld |
|||
|
Number |
%* |
Number |
%* |
||||
|
Ordinary resolutions |
|||||||
|
1 |
To receive the Annual Report and Accounts |
26,230,896 |
26,229,609 |
99.99 |
1,287 |
0.01 |
2,000 |
|
2 |
To approve the directors' remuneration report |
26,232,896 |
26,202,967 |
99.89 |
29,929 |
0.11 |
0 |
|
3 |
To re-appoint Mazars LLP as auditor of the Company |
26,232,896 |
26,224,859 |
99.97 |
8,037 |
0.03 |
0 |
|
4 |
To authorise the Directors to determine the auditors' Remuneration |
26,232,896 |
26,222,859 |
99.96 |
10,037 |
0.04 |
0 |
|
5 |
To re-appoint Tim Aspinall as a Director of the Company |
26,230,896 |
26,211,223 |
99.93 |
19,673 |
0.07 |
2,000 |
|
6 |
To re-appoint James Saralis as a Director of the Company |
26,230,896 |
26,211,223 |
99.93 |
19,673 |
0.07 |
2,000 |
|
7 |
To re-appoint Brian Phillips as a Director of the Company |
26,230,896 |
26,211,223 |
99.93 |
19,673 |
0.07 |
2,000 |
|
8 |
Authority for Directors to allot shares |
26,232,896 |
26,224,539 |
99.97 |
8,357 |
0.03 |
0 |
|
Special resolutions |
|||||||
|
9 |
General authority to disapply pre-emption rights |
26,230,896 |
26,221,859 |
99.97 |
9,037 |
0.3 |
2,000 |
|
10 |
Additional authority to disapply pre-emption rights |
26,230,896 |
17,260,576 |
65.80 |
8,970,320 |
34.20 |
2,000 |
|
11 |
Authority to purchase own shares |
26,232,896 |
26,213,223 |
99.93 |
19,673 |
0.07 |
0 |
*Excludes withheld votes
The Board notes that Resolution 10, additional authority to disapply pre-emption rights, was supported by the majority of shareholders but did not achieve the necessary 75% votes in favour to be carried. The Board intends to engage with those shareholders who voted against the resolution to better understand the reasons behind the voting decisions and will consider any further actions to be taken as a result of this. The results of the poll carried out in relation to Resolution 10 are set out below.
|
Resolution |
Total votes cast* |
For |
Against |
Withheld |
|||
|
Number |
%* |
Number |
%* |
||||
|
Special resolution |
|||||||
|
10 |
Additional authority to disapply pre-emption rights |
26,551,980 |
17,581,660 |
66.22 |
8,970,320 |
33.78 |
2,000 |
*Excludes withheld votes
For further information please call:
|
NAHL Group PLC James Saralis (CEO) Chris Higham (CFO)
|
via FTI Consulting Tel: +44 (0) 20 3727 1000 |
|
Allenby Capital (NOMAD & Broker) Jeremy Porter/Liz Kirchner (Corporate Finance) Amrit Nahal/Stefano Aquilino (Sales & Corporate Broking)
|
Tel: +44 (0) 207 220 0500 |
|
FTI Consulting (Financial PR) Alex Beagley Amy Goldup
|
Tel: +44 (0) 20 3727 1000
|
Notes to Editors
NAHL Group plc (AIM: NAH) is a leader in the Consumer Legal Services market. The Group provides services and products to individuals and businesses in the CLS market through its two divisions:
· Consumer Legal Services provides outsourced marketing services to law firms through National Accident Helpline and claims processing to individuals through National Accident Law, Law Together and Your Law. In addition, it also provides property searches through Searches UK.
· Critical Care provides a range of specialist services in the catastrophic and serious injury market to both claimants and defendants through Bush & Co.
More information is available at www.nahlgroupplc.co.uk, www.national-accident-helpline.co.uk, www.national-accident-law.co.uk and www.bushco.co.uk.
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