REG - Quadrise PLC - Result of AGM

QuadriseAnnouncement

27/11/2023 18:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231127:nRSa8205Ua&default-theme=true

RNS Number : 8205U  Quadrise PLC  27 November 2023

27 November 2023

 

Quadrise plc

("Quadrise", or "Company")

 

 

 Result of Annual General Meeting

 

Quadrise plc (AIM: QED) announces that at its Annual General Meeting held
earlier today ("AGM"), all resolutions set out in the Notice of AGM were
passed on a poll.

 

Resolutions 1 to 6 were passed as Ordinary Resolutions and Resolutions 7 and
8 were passed as Special Resolutions. The following table sets out the votes
cast on each resolution:

 

 

 Resolution  For             %       Against                 %       Withheld
 1             202,255,266   99.64%          720,593         0.36%            441,535
 2             157,172,058   89.21%    19,013,711            10.79%     27,231,625
 3             136,758,513   67.80%    64,938,710            32.20%       1,720,171
 4             197,877,167   97.54%      4,985,172           2.46%            555,055
 5             186,573,456   99.10%      1,693,282           0.90%      15,150,656
 6             172,919,923   96.65%      5,997,683           3.35%      24,499,788
 7             156,734,003   87.02%    23,381,532            12.98%     23,301,859
 8             156,719,127   80.93%    36,928,964            19.07%       9,769,303

 

Note: A vote "Withheld" is not a vote in law and is not counted in the
calculation of the proportion of the votes "For" and "Against" shown.

 

While the Board is pleased that the majority of resolutions were carried with
large majorities, it notes that resolution 3, to re-appoint Dilip Shah who is
to retire by rotation under the Articles, received c.32% of votes against. The
Board is committed to continuing our engagement with shareholders to
understand the views of those who voted against resolution 3 and will consult
with them over the next few months to listen carefully to feedback and
determine any next steps. In accordance with the UK Corporate Governance Code,
a further statement will be published detailing the outcome of the shareholder
engagement, including any actions taken as a result, within six months and a
final summary will be included in the Company's 2024 Annual Report.

 

For further information, please  contact:

 

Quadrise
Plc
+44 (0)20 7031 7321

Andy Morrison, Chairman

Jason Miles, Chief Executive Officer

 

Nominated Adviser

Cavendish Capital Markets
Limited
            +44 (0)20 7220 0500

Ben Jeynes

Katy Birkin

 

Joint Brokers

Shore Capital Stockbrokers
Limited
+44 (0)20 7408 4090

Toby Gibbs, Rachel Goldstein (Corporate Advisory)

Fiona Conroy (Corporate Banking)

 

VSA Capital
Limited
+44 (0)20 3005 5000

Andrew Raca (Corporate Finance)

Andrew Monk (Corporate Banking)

 

Public & Investor Relations

Vigo
Consulting                                                                     +44
(0)20 7390 0230

Patrick D'Ancona

Finlay Thomson

 

 About Quadrise

Quadrise is the supplier of MSAR® and bioMSAR(TM) emulsion technology, fuels
and biofuels, providing innovative solutions to reduce energy costs and
greenhouse gas emissions today for clients in the global power generation,
shipping, industrial and refining industries.

 

 

Learn more at: www.quadrise.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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  RAGDDLFLXFLZFBE