TIDMTON
RNS Number : 8563R
Titon Holdings PLC
10 March 2021
10 March 2021
LEI: 213800ZHXS8G27RM1DD7
Titon Holdings Plc ("Titon" or "the Company")
(Incorporated in England and Wales with Registered Number
01604952)
Result of Annual General Meeting
Trading Statement
Notice of Interim Results
Result of Annual General Meeting
At the Annual General Meeting of the Company held at Titon's
Head Office at 894 The Crescent, Colchester Business Park,
Colchester, Essex CO4 9YQ earlier today, all resolutions put to the
meeting were passed on a show of hands.
Details of the proxy votes received in respect of each of the
Resolutions put to the Annual General Meeting are detailed below
and have been posted on the Company's web site at
www.titonholdings.com
The following is a summary of the Forms of Proxy received up to
the time of the Meeting:
RESOLUTIONS Votes Percentage Votes Vote
in favour in favour against withheld
To receive and adopt the reports
of the Directors and the Auditors
and the audited accounts of the
Company for the year ended 30 100.00
1 September 2020. 5,072,078 % 0 0
------------------------------------- ----------- ----------- --------- ----------
To declare a final dividend of
2.0 pence per share on the ordinary 100.00
2 shares of the Company. 5,072,078 % 0 0
------------------------------------- ----------- ----------- --------- ----------
To re-elect Mr John Neil Anderson
3 as a Director of the Company. 5,063,078 99.82 % 0 9,000
------------------------------------- ----------- ----------- --------- ----------
To re-elect Mr Kevin Sargeant
4 as a Director of the Company. 5,063,078 99.82 % 0 9,000
------------------------------------- ----------- ----------- --------- ----------
To re-elect Mr Nicholas Charles
Howlett as a Director of the
5 Company. 5,063,078 99.82 % 0 9,000
------------------------------------- ----------- ----------- --------- ----------
To re-elect Mr Bernd Ratzke as
6 a Director of the Company. 4,874,328 96.10 % 188,750 9,000
------------------------------------- ----------- ----------- --------- ----------
To re-appoint BDO LLP as Auditors
of the Company and to authorise
the Directors to determine their
7 remuneration. 4,874,328 96.10 % 188,750 9,000
------------------------------------- ----------- ----------- --------- ----------
To receive and adopt the Directors'
Remuneration Report for the year
8 ended 30 September 2020. 5,065,796 99.88 % 0 6,282
------------------------------------- ----------- ----------- --------- ----------
To give the Directors authority
9 to allot shares. 4,865,046 95.92 % 18,282 188,750
------------------------------------- ----------- ----------- --------- ----------
To give the Directors power to
allot share for cash otherwise
than in accordance with statutory
10 pre-emption rights. 4,856,046 95.74 % 27,282 188,750
------------------------------------- ----------- ----------- --------- ----------
To give the Directors power to
make market purchases of the
11 Company's own shares. 5,053,996 99.64 % 18,082 0
------------------------------------- ----------- ----------- --------- ----------
To adopt the Titon EMI Share
Option Plan 2021 and to approve
12 the Rules. 4,877,046 96.15 % 0 195,032
------------------------------------- ----------- ----------- --------- ----------
To give the Directors power to
vote and to be counted in a quorum
at any meeting which is connected
to the Titon EMI Share Option
13 Plan 2021. 4,874,328 96.10 % 9,000 188,750
------------------------------------- ----------- ----------- --------- ----------
Notes:
1 Where shareholders have appointed the Chairman of the meeting
as their proxy, with discretion as to voting, those votes have been
cast in favour of all resolutions.
2 A 'vote withheld' is not counted when deciding whether or not a resolution is passed.
3 The total number of Ordinary Shares in issue as at 11.00 a.m.
on 10 March 2021 was 11,193,750.
Trading Statement
Keith Ritchie, Chairman, commented on current trading:
" After the considerable disruption caused by the pandemic I am
pleased to report that trading in the first four months of the
current financial period has stabilised. Group revenues are
slightly ahead of our budgeted numbers and Group profit currently
exceeds the comparable period from last year. We have seen good
performances from our UK businesses to date this year, offset by
weaker performance than last year in both South Korea and the US as
the challenging trading conditions in those markets, which we noted
in the preliminary results announcement on 14 January 2021,
continue.
We continue to operate with a strong balance sheet. Titon
Holdings Plc received a further dividend amounting to GBP385,000
from our subsidiary, Titon Korea, in January 2021 leaving the
Group's cash balances at the end of January 2021 at GBP5.1m after
the payment of cGBP400,000 in dividends to the minority
shareholders in Titon Korea.
We expect to announce our Interim Results on 13 May 2021."
For further information please contact:
Titon Holdings Plc
Keith Ritchie, Executive Chairman Tel: +44 (0)7748 146834
Carolyn Isom, Company Secretary Tel: +44 (0)7496 237543
Shore Capital (Nominated Adviser and Broker) Tel: +44 (0)20 7408 4090
Edward Mansfield
Daniel Bush
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END
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(END) Dow Jones Newswires
March 10, 2021 11:45 ET (16:45 GMT)
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