Last checked at 7 Jun 2011 13:04
07 June 2011
Parity Group plc (the "Company")
Results of Annual General Meeting
The Company is pleased to announce that all the resolutions proposed at the Annual General Meeting held earlier today were passed. A summary of the proxy votes received in advance of the meeting is as follows:
Resolution | Votes For | % | Votes Against | % | Votes Withheld | |
1 | Report and Accounts | 26,524,765 | 99.99 | 228 | 0.01 | 231 |
2 | Directors' Remuneration Report | 15,468,648 | 88.13 | 2,081,608 | 11.87 | 8,974,968 |
3 | Elect Philip Swinstead as Director | 26,524,677 | 99.99 | 516 | 0.01 | 31 |
4 | Re-elect Roger Freeman as Director | 24,444,134 | 92.15 | 2,081,044 | 7.85 | 46 |
5 | Elect Paul Davies as Director | 26,524,699 | 99.99 | 482 | 0.01 | 43 |
6 | Elect Alastair Woolley as Director | 26,523,929 | 99.99 | 1,249 | 0.01 | 46 |
7 | Re-appoint BDO LLP as Auditors | 26,524,960 | 99.99 | 255 | 0.01 | 9 |
8 | Authorise Board to Fix Remuneration of Auditors | 26,523,535 | 99.99 | 1,360 | 0.01 | 329 |
9 | Authorise Issue of Equity with Pre-emptive Rights | 26,522,134 | 99.98 | 3,057 | 0.02 | 33 |
10 | Authorise Issue of Equity without Pre-emptive Rights | 23,412,552 | 88.26 | 3,110,835 | 11.74 | 1,837 |
11 | Authorise Market Purchase | 26,524,232 | 99.99 | 979 | 0.01 | 13 |
12 | Authorise the Company to Call EGM with Two Weeks' Notice | 26,524,706 | 99.99 | 508 | 0.01 | 10 |
Notes:
1. The 'For' vote includes those giving the Chairman discretion.
2. 'Votes withheld' are not counted when deciding whether or not a resolution is carried.
3. The total number of Ordinary Shares in issue as at the date of the AGM Notice was 38,246,784. It should be noted that following the placing of 30,434,783 shares as announced on 26 May 2011, and as per the Total Voting Rights announcement made subsequently on 31 May 2011, the total number of shares now in issue is 68,681,567.
In accordance with LR 9.6.2R the full text of resolutions 10, 11 and 12 have been submitted to the National Storage Mechanism and will soon be available for inspection at www.Hemscott.com/nsm.do.
For Further information, please contact:
Parity Group plc +44 (0) 845 873 6942
Paul Davies, Chief Executive
Singer Capital Markets +44 (0) 20 3205 7500
Jeff Keating
MHP Communications +44 (0) 20 3128 8100
John Olsen / Ian Payne