This announcement and the information contained in it is not for release, publication or distribution, directly or indirectly, in whole or in part, in or into, and should not be distributed in, forwarded to or transmitted into, any country or jurisdiction where to do so would constitute a violation of local securities laws or regulations.
SuperdryPlc
("Superdry" or "the Company")
02 April 2019
RESULT OF GENERAL MEETING
On 1 March 2019, Superdry received a request (the 'Request') from Julian Dunkerton ('Mr Dunkerton') and James Holder ('Mr Holder') (through their nominees HSBC Global Custody Nominee (UK) Limited and Diagonal Nominees Limited) under section 303 of the Companies Act 2006 (the 'Act') that the Company convene a general meeting to consider resolutions to elect Mr Dunkerton and Peter Williams ('Mr Williams') as directors of the Company (the 'Resolutions').
The Resolutions were put to the general meeting today and passed. The number and percentage of votes for and against the Resolutions and the number of votes withheld, together with the total number of votes cast, are set out below.
The Board had previously indicated in the circular issued on 11 March 2019 that, in the event the resolutions were passed, the Directors would either resign or not seek re-election. Mindful of their responsibilities, individually and collectively, as custodians of the business and to the broader stakeholders of the Company, the Board, including Julian Dunkerton and Peter Williams will meet immediately to assist this process of change.
Peter Bamford, Chairman of Superdry, said:
"Whilst the Board was unanimous in its view that the resolutions should be rejected and 74% of shareholders other than Julian and James have voted against, there was a narrow overall majority in favour and we accept that outcome."
|
|
For |
Against |
Total Votes Cast |
Votes Withheld |
Resolution |
Special / Ordinary |
No. of votes |
% |
No. of votes |
% |
No. of votes |
No. of votes |
1. To elect Mr Dunkerton as a Director of the Company |
Ordinary |
34,778,300 |
51.15 |
33,216,523 |
48.85 |
67,994,823 |
5,549 |
2. To elect Mr Williams as a Director of the Company |
Ordinary |
34,774,232 |
51.15 |
33,216,977 |
48.85 |
67,991,209 |
7,246 |
The total number of shares on the register at 6.00pm on 29 March 2019, being those eligible to be voted on at the general meeting, was 81,993,829.
A 'Vote Withheld' is not a vote in law and has not been counted in the calculation of the proportion of the votes 'For' and 'Against' a resolution.
A copy of the Resolutions approved by shareholders will be submitted as soon as practicable to the National Storage Mechanism and will be available shortly for inspection at www.morningstar.co.uk/uk/nsm
If you are in any doubt about the contents of this announcement or the action you should take, you are recommended to seek your own independent financial advice immediately from your stockbroker, bank manager, solicitor or independent financial adviser duly authorised under the Financial Services and Markets Act 2000 (as amended) if you are resident in the United Kingdom or, if not, from another appropriate authorised independent financial adviser.
This announcement does not constitute or form part of an offer to sell or the solicitation of an offer to subscribe for or otherwise acquire any securities.