Company Announcements

Result of AGM

Source: RNS
RNS Number : 8177U
Molten Ventures PLC
03 August 2022
 

Molten Ventures plc

("Molten" or the "Company")

Results of 2022 Annual General Meeting ("AGM")

Molten Ventures plc (LSE: GROW, Euronext Growth: GRW), a leading venture capital firm investing in and developing high growth digital technology businesses, is pleased to announce that all resolutions as set out in the Notice of AGM were duly passed.

Voting was held by poll. The poll results on each resolution proposed are set out below:

Resolution

For1

% of votes cast

Against

% of votes cast

Vote withheld2

1.  To receive the report and accounts for the financial year ended 31 March 2022.

114,999,545

99.99

631

0.01

684,728

2. To approve the Directors' Remuneration Report for the financial year ended 31 March 2022.

82,832,052

79.43

21,451,703

20.57

11,401,149

3. To approve the Directors' Remuneration Policy.

82,692,926

79.90

20,802,605

20.10

12,189,373

4.  To elect Sarah Gentleman as a Director.

114,974,376

99.39

707,847

0.61

2,681

5.  To elect Gervaise Slowey as a Director.

113,403,445

99.34

754,159

0.66

1,527,300

6.  To re-elect Karen Slatford as a Director.

100,119,331

90.80

10,143,841

9.20

5,421,732

7.  To re-elect Martin Davis as a Director.

115,585,221

99.92

96,614

0.08

3,069

8.  To re-elect Stuart Chapman as a Director.

115,585,095

99.92

96,740

0.08

3,069

9.  To re-elect Ben Wilkinson as a Director.

111,941,140

96.77

3,740,695

3.23

3,069

10. To re-elect Grahame Cook as a Director.

113,260,863

97.91

2,420,972

2.09

3,069

11. To re-elect Richard Pelly as a Director.

115,013,595

99.42

668,240

0.58

3,069

12.  To re-appoint PricewaterhouseCoopers LLP as auditors of the Company.

107,533,610

97.52

2,731,908

2.48

5,419,386

13.  To authorise the Audit, Risk and Valuations Committee to determine the remuneration of the auditors.

109,070,075

98.92

1,195,055

1.08

5,419,774

14.  To authorise the Directors to allot shares.

114,328,428

98.83

1,352,426

1.17

4,050

15.  Authority to disapply statutory pre-emption rights.*

114,515,851

98.99

1,165,003

1.01

4,050

16.  Additional authority to disapply statutory pre-emption rights.*

112,900,296

97.60

2,781,468

2.40

3,140

17.  To authorise the Company to purchase
its own ordinary shares.*

114,159,418

98.68

1,524,763

1.32

723

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

115,368,358

99.74

297,573

0.26

973

 *Special resolution

1.  Any proxy arrangement which gave discretion to the Chair 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 voted "For" or "Against" any resolution.

3. The total number of ordinary shares of 1p each in issue is 152,999,853. The total number of voting rights is: 152,999,853. 75.61% of the issued share capital of the Company was voted (excluding votes withheld).

4. In accordance with Financial Conduct Authority Listing Rule 9.6.2, a copy of the resolutions passed at today's AGM, other than resolutions concerning ordinary business, will be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism  

5. In accordance with Euronext Listing Rule 6.1.60, a copy of the resolutions passed at today's AGM, other than resolutions concerning ordinary business will be submitted to Euronext Direct and be available for inspection at https://direct.euronext.com/#/oamfiling

6. The Notice of AGM can be found on the Company's website at https://investors.moltenventures.com/storage/uploads/PLC/Documents/31007-Molten-Ventures-NOM-2022_FINAL_qhqfw.pdf

 

Resolutions 2 & 3 - Approval of the Directors' Remuneration Report and Remuneration Policy

The Company was pleased that the Remuneration Report and new Remuneration Policy were supported in a vote at today's AGM.  It also notes that a minority were not able to support the new Report and Policy at this time. The Company undertook an in-depth consultation process with the majority of its largest shareholders when joining the Main Market last summer and reflected the details of our plans in the prospectus. However, we will continue to engage to ensure that we fully understand the views of all shareholders on these matters, and to continue to explain the rationale for the changes.

 

Enquiries

Molten Ventures plc

Gareth Faith (Company Secretary)

+44 (0)20 7931 8800

Numis Securities

Nominated Adviser & Joint Broker

Simon Willis

Jamie Loughborough

Havish Patel

+44 (0)20 7260 1000

Goodbody Stockbrokers

Euronext Growth Adviser & Joint Broker

Don Harrington

Charlotte Craigie

Dearbhla Gallagher

+44 (0) 20 3841 6202

Powerscourt

Public relations

Robin O'Kelly

Jane Glover

+44 (0)20 7250 1446

 

 

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