-
16 May 2025 23:06:53
- Source: Sharecast
CLS Holdings plc
(the "Company" or "CLS")
Result of AGM
At the Annual General Meeting ("AGM") of the Company held at 10.00am today all the resolutions as set out in the Notice of Meeting dated 11 April 2025, were passed on a poll by the requisite majority. These results will shortly be available on the Company's website (www.clsholdings.com):
|
RESOLUTION |
VOTES |
% |
VOTES AGAINST |
% |
VOTES |
% of TVR VOTED |
VOTES WITHHELD** |
|
|
1 |
Receive and adopt the Annual Report & Accounts for the year ended 31 December 2024 |
327,648,690 |
99.75% |
830,972 |
0.25% |
328,479,662 |
82.51% |
6,467,465 |
|
2 |
Approve the Directors' Annual Remuneration Report |
286,942,189 |
87.40% |
41,348,763 |
12.60% |
328,290,952 |
82.46% |
6,656,175 |
|
3 |
Approve a final dividend for the year ended 31 December 2024 of 2.68 pence per ordinary share |
328,310,847 |
99.94% |
195,276 |
0.06% |
328,506,123 |
82.52% |
6,441,004 |
|
4 |
Re-elect Lennart Sten as a Director |
263,935,502 |
86.14% |
42,465,959 |
13.86% |
306,401,461 |
76.96% |
28,545,666 |
|
5 |
Re-elect Anna Seeley as a Director |
285,848,190 |
89.28% |
34,310,142 |
10.72% |
320,158,332 |
80.42% |
14,788,795 |
|
6 |
Re-elect Fredrik Widlund as a Director |
324,948,922 |
99.13% |
2,851,259 |
0.87% |
327,800,181 |
82.34% |
7,146,946 |
|
7 |
Re-elect Andrew Kirkman as a Director |
324,739,998 |
99.02% |
3,211,631 |
0.98% |
327,951,629 |
82.38% |
6,995,498 |
|
8 |
Re-elect Elizabeth Edwards as a Director |
312,731,321 |
97.68% |
7,427,011 |
2.32% |
320,158,332 |
80.42% |
14,788,795 |
|
9 |
Re-elect Bill Holland as a Director |
325,328,575 |
99.20% |
2,623,054 |
0.80% |
327,951,629 |
82.38% |
6,995,498 |
|
10 |
Re-elect Eva Lindqvist as a Director |
323,744,517 |
98.72% |
4,207,112 |
1.28% |
327,951,629 |
82.38% |
6,995,498 |
|
11 |
Appoint BDO LLP as auditors |
328,395,465 |
99.97% |
96,124 |
0.03% |
328,491,589 |
82.51% |
6,455,538 |
|
12 |
Authorise the directors to determine the auditors' remuneration |
328,456,719 |
99.98% |
49,404 |
0.02% |
328,506,123 |
82.52% |
6,441,004 |
|
13 |
Authorise the directors to allot relevant securities |
293,877,819 |
89.46% |
34,613,767 |
10.54% |
328,491,586 |
82.51% |
6,455,541 |
|
14 |
Authorise the directors to make non pre-emptive share allotments |
294,071,169 |
89.52% |
34,420,420 |
10.48% |
328,491,589 |
82.51% |
6,455,538 |
|
15 |
Authorise the directors to make market purchases of shares |
325,410,709 |
99.09% |
2,987,097 |
0.91% |
328,397,806 |
82.49% |
6,549,321 |
|
16 |
Authorise General Meetings to be called on not less than 14 clear days' notice |
318,406,598 |
99.28% |
2,306,228 |
0.72% |
320,712,826 |
80.56% |
14,234,301 |
|
Votes of the Independent Shareholders (excluding the voting interest of companies owned and controlled by the investment vehicle for the Sten and Karin Mortstedt Family & Charity Trust as Controlling Shareholder holding 55.24% of the Issued Ordinary Share Capital) on the resolutions concerning the election of the independent non-executive directors.
RESOLUTION
|
VOTES |
% |
VOTES AGAINST |
% |
VOTES |
% of Independent TVR VOTED |
|
|
4 |
Re-elect Lennart Sten as a Director |
44,017,978 |
50.90% |
42,465,959 |
49.10% |
86,483,937 |
48.53% |
|
8 |
Re-elect Elizabeth Edwards as a Director |
92,813,797 |
92.59% |
7,427,011 |
7.41% |
100,240,808 |
56.25% |
|
9 |
Re-elect Bill Holland as a Director |
105,411,051 |
97.57% |
2,623,054 |
2.43% |
108,034,105 |
60.63% |
|
10 |
Re-elect Eva Lindqvist as a Director |
103,826,993 |
96.11% |
4,207,112 |
3.89% |
108,034,105 |
60.63% |
The Board notes the independent shareholder vote outcome in respect of the re-election of the Chairman, Lennart Sten. The Board believes that during a period of economic uncertainty providing continuity is essential and therefore Lennart would remain in post beyond nine years, subject to an annual review. That review was conducted in November 2024 and concluded that in light of his other roles outside of the Group, time commitment, valued leadership and extensive property experience it was in the best interests of the Company and its shareholders that Lennart continue to serve as Chair during this challenging period of the property cycle. Lennart continues to have the full support of the Board and the majority shareholder. Notwithstanding the above, the Board will initiate a succession plan for the Chair, noting that there will need to be an orderly transition.
* Includes those votes giving the Chairman discretion.
** These votes are not counted towards the votes cast at the AGM.
A copy of the resolutions passed at the AGM will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Enquiries:
CLS Holdings plc
(LEI: 213800A357TKB2TD9U78)
www.clsholdings.com
David Fuller, Company Secretary
+44 (0)20 7582 7766
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