Result of AGM

RNS Number : 7794L

AO World plc

21 July 2017

 

AO World PLC ("Company")

Result of Annual General Meeting

At the Annual General Meeting (AGM) of AO World plc held earlier today all the resolutions put to the meeting were passed.  Details of the votes cast are shown in the table below.

	Resolution	Votes in favour*		Votes against		Total number of votes cast	Votes Withheld**
		No. of shares	%	No. of shares	%		No. of shares
1	To receive the report and accounts	357,758,893	98.73%	4,591,006	1.27%	362,349,899	0
2	To approve the Directors' remuneration report	310,008,134	86.21%	49,582,704	13.79%	359,590,838	2,759,061
3	To approve the Directors remuneration policy	359,543,265	99.23%	2,806,634	0.77%	362,349,899	0
4	To re-elect Geoff Cooper as a Director	352,276,971	97.22%	10,072,610	2.78%	362,349,581	318
5	To re-elect John Roberts as a Director	362,213,327	99.96%	136,254	0.04%	362,349,581	318
6	To re-elect Steve Caunce as a Director	362,223,571	99.97%	126,010	0.03%	362,349,581	318
7	To re-elect Mark Higgins as a Director	362,225,571	99.97%	124,010	0.03%	362,349,581	318
8	To re-elect Brian McBride as a Director	359,679,581	99.26%	2,670,000	0.74%	362,349,581	318
9	To re-elect Chris Hopkinson as a Director	316,758,899	87.51%	45,222,951	12.49%	361,981,850	368,049
10	To re-elect Marisa Cassoni as a Director	359,653,740	99.26%	2,695,841	0.74%	362,349,581	318
11	To re- appoint KPMG LLP as auditors	362,347,899	100.00%	2,000	0.00%	362,349,899	0
12	To authorise the Directors to determine the remuneration of the auditors	362,341,899	100.00%	2,000	0.00%	362,343,899	6,000
13	To authorise the Directors to allot shares	327,078,260	90.27%	35,265,639	9.73%	362,343,899	6,000
14	To disapply pre-emption rights***	362,343,899	100.00%	0	0.00%	362,343,899	6,000
15	To disapply pre-emption rights - limited to an acquisition or capital investment***	343,568,236	94.82%	18,775,663	5.18%	362,343,899	6,000
16	To authorise the Company to purchase its own shares***	359,564,997	99.23%	2,784,902	0.77%	362,349,899	0
17	To approve the waiver granted by the Takeover Panel of any obligation under Rule 9 of the Takeover Code for John Roberts and Steve Caunce and any persons acting in concert with them to make an offer for the Company following a purchase of shares by the Company****	153,153,409	76.94%	45,907,787	23.06%	199,061,196	368,049
18	To approve the waiver granted by the Takeover Panel of any obligation under Rule 9 of the Takeover Code for John Roberts and Steve Caunce and any persons acting in concert with them to make an offer for the Company following the exercise of their options over ordinary shares in the Company****	184,623,923	92.75%	14,437,273	7.25%	199,061,196	368,049
19	To authorise the Company to make political donations	359,549,749	99.99%	34,771	0.01%	359,584,520	2,765,379
20	To authorise the Company to hold general meetings on 14 days' notice***	361,186,187	99.68%	1,163,712	0.32%	362,349,899	0

*      Includes those votes giving the Chairman discretion

**    A vote 'Withheld' has no legal effect and is not counted in the votes 'For' and 'Against' a resolution

***  Passed as special resolutions

**** As required by the Takeover Code, John Roberts and Steve Caunce (and their Persons Closely Associated) have not voted their aggregate shareholding of 162,920,654 Ordinary Shares

The maximum number of votes cast was 362,349,899 representing 78.98% of the Company's issued share capital of 458,788,480 as at 6pm on 19 July 2017.

In accordance with Listing Rule 9.6.2, copies of all the resolutions passed as special business have been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM 

Enquiries:

AO World plc

Julie Finnemore

Company Secretary

Tel: [phone]

 

END

 

 

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