Nigel Payne, Chairman of Gateley, said:
“The board is delighted that all resolutions, other than resolution 10, passed at yesterday’s AGM. The board notes, with disappointment, the votes against resolution 10, being the board’s resolution to amend the Company’s Articles to allow virtual AGMs to take place. In the board’s opinion, virtual AGMs are environmentally friendly, provide easier access to a broader range of shareholders and are commensurate with Gateley’s ESG policies and responsible business principles. The board was keen to adopt this change with these factors in mind, particularly given that the attendance by external shareholders at the last four AGMs has been less than one person on average. The board will consider over the coming months if it intends to re-introduce the resolution at next year’s AGM and if so, it will consult shareholders accordingly.
“The board also notes that a number of shareholders seem to have followed the direction from unregulated proxy voting advisers on this resolution without any consultation with the company. The board wishes to thank those shareholders that communicated directly with the company on this issue and would encourage all shareholders to so engage in future and not to simply follow unregulated advice.”