9 September 2016
Speedy Hire Plc
("Speedy" or the "Company")
Result of General Meeting
· Jan Åstrand remains Chairman
· David Shearer appointed to the Board as a non-executive director
The Board announces that the ordinary resolutions to remove Jan Åstrand as a director of the Company ("Resolution 1") and to appoint David Shearer as a director of the Company ("Resolution 2") were today proposed to shareholders at a General Meeting, and were voted on by means of a poll vote. Resolution 1 was not passed and Resolution 2 was passed.
Following the result of today's General Meeting, David Shearer's appointment as a non-executive director becomes effective immediately. Further details regarding his appointment to the Board will be released in due course.
The Board is pleased that shareholders strongly support Jan Åstrand's position as Chairman and welcome David Shearer as a director.
The poll results for Resolution 1 and Resolution 2 were as follows:
|
Resolution |
For |
Against |
Withheld |
||
|
No. of shares |
% of vote |
No. of shares |
% of vote |
No. of shares |
|
|
Ordinary resolution to remove Jan Åstrand as a director of the Company
|
161,940,672
|
36.56%
|
281,010,705
|
63.44%
|
5,522,831
|
|
Ordinary resolution to appoint David Shearer as a director of the Company
|
236,908,916
|
52.84%
|
211,429,550
|
47.16%
|
135,742
|
Further details of Resolution 1 and Resolution 2 were set out in the circular to shareholders (containing the notice of the General Meeting) posted on 12 August 2016.
The votes of any proxy giving the Chairman discretion how to vote have been included in the votes "Against" a resolution.
A vote "Withheld" is not a vote in law and is not counted in the calculation of percentages of votes cast "For" or "Against" a resolution.
Percentage figures are rounded to 2 decimal places.
Enquiries:
Instinctif Partners Tel: 020 7457 2020
Mark Garraway
Helen Tarbet
Notes:
Inside Information: This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014.
Editors: Founded in 1977, Speedy is the UK's leading provider of tools, equipment and plant hire services to a wide range of customers in the construction, infrastructure and industrial markets, as well as to local trade and industry. Speedy provides complementary support services through the provision of training, asset management and compliance services. Speedy is accredited nationally to ISO50001, ISO9001, ISO14001 and OHSAS18001. The Group operates from 206 fixed sites across the UK and Ireland together with a number of on-site facilities at client locations throughout the UK, Ireland and from an international office based in Abu Dhabi.