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Results of Annual General Meeting

23rd Jul 2025 15:00

RNS Number : 2853S
Vp PLC
23 July 2025
 

 

 

23 July 2025

 

Vp plc

('Vp', the 'Group' or the 'Company')

 

Results of Annual General Meeting

 

Vp plc (the "Company") announces that at its Annual General Meeting ("AGM") held today, all resolutions set out in the notice of the AGM were passed by the requisite majority of votes by shareholders by way of a poll.

 

The full text of the resolutions proposed at the AGM is included in the Company's Notice of AGM published on 23 June 2025, which is available on the Investors section of the Company's website at https://www.vpplc.com/investors/.

 

The results of the poll for each resolution were as follows:

 

 

VOTES FOR

%

VOTES AGAINST

%

TOTAL SHARES VOTED

% OF ISSUED SHARE CAPITAL VOTED

VOTES WITHHELD

ORDINARY RESOLUTIONS

 

 

 

 

 

 

 

 

1. To receive the Company's financial statements and the reports of the Directors together with the Auditor's Report for the year ended 31 March 2025

 

32,043,705

99.99%

1,631

0.01%

32,045,336

79.81%

-

2. To declare a final dividend of 28.0 pence per ordinary share

 

32,045,205

100.00%

131

0.00%

32,045,336

79.81%

-

3. To re-elect Jeremy Pilkington as a Director

 

31,376,810

98.05%

624,076

1.95%

32,000,886

79.69%

44,450

4. To re-elect Anna Bielby as a Director

 

31,769,994

99.14%

274,892

0.86%

32,044,886

79.80%

450

5. To re-elect Keith Winstanley as a Director

 

32,040,449

99.99%

4,437

0.01%

32,044,886

79.80%

450

6. To re-elect Mark Bottomley as a Director

 

29,996,460

93.61%

2,048,426

6.39%

32,044,886

79.80%

450

7. To re-elect Stuart Watson as a Director

 

31,574,935

99.58%

133,630

0.42%

31,708,565

78.97%

336,771

8. To elect Richard Smith as a Director

 

32,040,449

99.99%

4,437

0.01%

32,044,886

79.80%

450

9. To re-appoint PricewaterhouseCoopers LLP as auditor of the Company

 

31,989,625

99.83%

55,711

0.17%

32,045,336

79.81%

-

10. To authorise the directors to determine the auditor's remuneration

 

32,041,705

99.99%

3,631

0.01%

32,045,336

79.81%

-

11. To approve the Directors' Remuneration Report

 

32,030,885

99.96%

12,751

0.04%

32,043,636

79.80%

1,700

SPECIAL RESOLUTIONS

 

 

 

 

 

 

 

 

12. To authorise the Company to purchase its own shares

 

31,796,122

99.22%

249,050

0.78%

32,045,172

79.81%

164

13. To approve the calling of a general meeting other than an annual general meeting on not less than 14 clear days' notice

 

31,985,811

99.81%

59,525

0.19%

32,045,336

79.81%

-

 

Ackers P Investment Company Limited (a company of which Jeremy Pilkington is a director) is regarded as a controlling shareholder of the Company for the purposes of the Listing Rules, and each resolution to re-elect independent non-executive directors (resolutions 6, 7 and 8) have under Listing Rule 9.2.2E been approved by a majority of the votes cast by:

 

(i) the shareholders of the Company as a whole; and 

(ii) the independent shareholders of the Company, that is, all the shareholders entitled to vote on each resolution excluding the controlling shareholder.

 

Votes cast by shareholders excluding the controlling shareholder are shown below:

 

RESOLUTION

VOTES FOR

%

VOTES AGAINST

%

TOTAL SHARES VOTED

% OF ISSUED SHARE CAPITAL VOTED

VOTES WITHHELD

6. To re-elect Mark Bottomley as a Director

9,815,049

82.72%

2,048,426

17.26%

11,863,475

29.54%

450

 

7. To re-elect Stuart Watson as a Director

11,393,524

98.83%

133,630

1.16%

11,527,154

28.71%

336,771

 

8. To re-elect Richard Smith as a Director

11,859,038

99.95%

4,437

0.04%

11,863,475

29.54%

450

 

Notes:

1. All resolutions were passed.

 

2. Any proxy appointments giving discretion to the Chairman of the AGM have been included in the "For" total.

 

3. Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.

 

4. A vote "Withheld" is not a vote in law and is not counted in the calculation of percentage of shares voted "For" or "Against" any resolution nor in the calculation of the "% of issued share capital voted" for any resolution.

 

5. The Company's total of ordinary shares in issue (total voting rights) on 20 June 2025, being the time at which a person had to be registered in the Company's register of members in order to vote at the AGM, was 40,154,253 ordinary shares of 5 pence each. Ordinary shareholders are entitled to one vote per ordinary share held.

 

6. The total number of ordinary shares held by shareholders excluding the controlling shareholder on 20 June 2025 was 19,972,842.

 

7. In accordance with paragraph 9.6.2 of the Listing Rules, a copy of the resolutions passed at the AGM will shortly be submitted to the National Storage Mechanism and will be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

8. A copy of this announcement will be available on the Company's website at https://www.vpplc.com/investors/.

 

 

- ENDS -

 

For further information:

Vp plc

 

Anna Bielby, Chief Executive Officer

Tel: +44 (0) 1423 533 400

Keith Winstanley, Chief Financial Officer

www.vpplc.com

 

Media enquiries:

 

Justin Griffiths/Nick Johnson/Amy Gibson

Tel: +44 (0) 2071 006 451

[email protected]

 

Notes to Editors

Vp plc is a specialist equipment rental business providing equipment, people, services and support for specialist projects. It focusses on niche sectors principally in the Infrastructure, Construction, Housebuilding and Energy markets in the UK and overseas. Businesses include: Groundforce, TPA, Torrent Trackside, Brandon Hire Station, ESS, MEP Hire, CPH, UK Forks, Airpac Rentals and Tech Rentals. Vp Rail is the Group's integrated rail solution providing customers with direct access to all of Vp's rail specialisms through a central team.

 

Our approach to environmental and social impact is guided by our core values and responsible business framework, for more information go to: www.vpplc.com/esg-and-governance/

 

 

 

 

 

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END
 
 
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