Dignity PLC Result of General Meeting (3335W)
22 Abril 2021 - 6:00AM
UK Regulatory
TIDMDTY
RNS Number : 3335W
Dignity PLC
22 April 2021
Dignity plc
Results of Resolutions considered at General Meeting
Dignity plc (the "Company") announces that at the general
meeting of shareholders held earlier today, both of the resolutions
proposed by Phoenix UK Fund Limited ("Phoenix"), the Company's
largest shareholder (currently holding approximately 29.9% of the
Company's voting share capital) were passed. The voting was
conducted on a poll, with all valid proxy votes being cast by the
chairman of the meeting.
The voting on each resolution was as follows:-
-- Resolution 1 - To remove Clive Whiley as a director of the Company.
-- 24,206,179 shares (approximately 55%) were voted FOR this resolution.
-- 20,114,682 shares (approximately 45%) were voted AGAINST this resolution.
-- Resolution 2 - To appoint Gary Channon as an executive director of the Company
-- 26,799,557 shares (approximately 61%) were voted FOR this resolution
-- 17,521,304 shares (approximately 39%) were voted AGAINST this resolution.
Votes on both resolutions were cast in respect of approximately
88% of the company's issued share capital. Excluding the votes cast
on the resolutions by Phoenix, the views expressed by other
shareholders were substantially in support of the independent
directors' recommendation to vote against the resolutions.
At the meeting, the acting chairman, Dean Moore, made the
following statement:-
"At the request of a number of the company's larger
shareholders, since this shareholder meeting was convened, the
independent directors have held substantive discussions with both
Phoenix and Clive Whiley in order to try and find a mutually
acceptable solution which would allow the Company to benefit from
the continued involvement of both Clive Whiley and Gary Channon (as
a representative of the Company's largest shareholder) in
developing the Company's strategy for the consideration of all
shareholders. A proposal was put to Phoenix whereby Clive Whiley
would continue as Chairman, but in a non-executive capacity, with
Gary Channon being appointed as interim chief executive officer
until a more permanent appointment can be made. In spite of the
best efforts of the independent directors and the willingness of
Clive Whiley to proceed in this manner, unfortunately it has not
been possible to reach such a compromise."
As a result of these developments, Clive Whiley has ceased to be
a director of the Company and Gary Channon has been appointed as an
executive director, in each case with immediate effect.
In addition (and as foreshadowed in the Company's circular to
shareholders dated 29 March 2021), each of the independent
directors, being Gillian Kent, Dean Moore and Paul Humphreys
believe their positions as directors as a result of the resolutions
being passed will be seriously compromised. Gillian Kent and Paul
Humphreys have reluctantly concluded that they would be unable
properly to perform their duties as directors on the reconstituted
board. They have accordingly tendered their respective resignations
from the board with immediate effect. Dean Moore has also tendered
his resignation, although given his position as interim executive
finance director, he has expressed his willingness to serve his
three months' notice period should the newly constituted board
request this.
The newly reconstituted board comprises Gary Channon, James
Wilson and Andrew Judd and it will be for that board to determine
respective roles and duties.
A further announcement will be made in due course.
Tim George
Company Secretary
22(nd) April 2021
For further information please contact:
Richard Oldworth
Chris Lane
Tilly Abraham
Buchanan +44 (0)20 7466 5000
www.buchanan.uk.com Dignity@buchanan.uk.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
ROMBGGDSIUDDGBD
(END) Dow Jones Newswires
April 22, 2021 07:00 ET (11:00 GMT)
Dignity (LSE:DTY)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Dignity (LSE:DTY)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024