Results of 2023 AGM

Conduit Holdings Limited

18 May 2023

 

Conduit Holdings Limited - Results of 2023 AGM

Conduit Holdings Limited ("CHL") (Ticker:CRE)

Pembroke, Bermuda - 18 May 2023

Results of 2023 AGM

Conduit Holdings Limited announces the result of voting on the resolutions at its 2023 Annual General Meeting ('AGM') held on Wednesday 17 May 2023. The meeting considered the 17 resolutions as set out in the AGM Notice dated 17 April 2023.

Each of the resolutions was duly passed by the required majority. Resolutions 1 to 14 were passed as ordinary resolutions. Resolutions 15, 16 and 17 were passed as special resolutions. The total number of votes received for each resolution is set out below.

A copy of the special resolutions passed will be submitted to the National Storage Mechanism and available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

On the voting record date, 15 May 2023, CHL held 757,823 of its common shares in treasury and had 165,239,997 common shares in issue (including treasury shares). Therefore, the total voting rights in CHL on 15 May 2023 was 164,482,174.

	Votes For	% Votes Cast	Votes Against	% Votes Cast	Votes Withheld	Total Votes Cast (excluding Votes Withheld)	% of ISC voted
1. To receive the Company's audited consolidated financial statements for the financial period ended 31 December 2022 and the reports of the Directors and the Auditors thereon (the "Annual Report and Accounts").	145,607,403	100.00%	0	0	65,091	145,672,403	88%
2. To approve the annual report on remuneration as set out in the Annual Report and Accounts for the year ended 31 December 2022	144,204,130	98.99%	1,468,364	1.01%	0	145,672,494	88%
3.To re-elect Neil Eckert as a Director of the Company.	144,156,989	98.96%	1,515,505	1.04%	0	145,672,494	88%
4. To re-elect Trevor Carvey as a Director of the Company.	145,672,494	100.00%	0	0	0	145,672,494	88%
5. To re-elect Elaine Whelan as a Director of the Company.	145,630,802	99.97%	41.692	0.03%	0	145,672,494	88%
6. To re-elect Sir Brian Williamson as a Director of the Company.	145,616,826	99.96%	55,668	0.04%	0	145,672,494	88%
7. To re-elect Malcolm Furbert as a Director of the Company.	145,616,826	99.96%	55,668	0.04%	0	145,672,494	88%
8. To re-elect Elizabeth Murphy as a Director of the Company.	145,635,190	99.97%	37,304	0.03%	0	145,672,494	88%
9. To re-elect Dr Richard L. Sandor as a Director of the Company.	145,616,826	99.96%	55,668	0.04%	0	145,672,494	88%
10. To re-elect Ken Randall as a Director of the Company.	145,616,826	99.96%	55,668	0.04%	0	145,672,494	88%
11. To re-elect Michelle Seymour Smith as a Director of the Company	145,635,190	99.97%	37,304	0.03%	0	145,672,494	88%
12. To re-appoint KPMG Audit Limited as auditors of the Company to hold office until the conclusion of the next general meeting of the Company at which accounts are laid.	145,672,494	100.00%	0	0	0	145,672,494	88%
13. To authorise the Directors to determine the remuneration of the auditors.	145,672,494	100.00%	0	0	0	145,672,494	88%
14. Directors' Authority to Allot Shares, as detailed in the Notice of Meeting.	145,289,699	99.74%	382,795	.26%	0	145,672,494	88%
SPECIAL RESOLUTIONS
15. Disapplication of Pre-emption Rights - 10% unrestricted as detailed in the Notice of Meeting.	143,726,983	98.66%	1,945,511	1.34%	0	145,672,494	88%
16. Disapplication of Pre-emption Rights - 10% for acquisition or a specified capital investment as detailed in the Notice of Meeting..	140,239,613	96.27%	5,432,881	3.73%	0	145,672,494	88%
17. To authorise the purchase of own Common Shares as detailed in the Notice of Meeting.	143,960,672	98.97	1,450,000	1.00	261,822	145,465,672	88%

Media contacts H/Advisors Maitland - Vikki Kosmalska / Alistair de Kare-Silver [phone] [e-mail] Investor relations and other enquiries: [e-mail] Panmure Gordon (UK) Limited (Joint Corporate Broker) [phone] Berenberg (Joint Corporate Broker) [phone] Peel Hunt (Joint Corporate Broker) [phone]

About Conduit Re

Conduit Re is a pure-play Bermuda-based reinsurance business with global reach. Conduit Reinsurance Limited is licensed by the Bermuda Monetary Authority as a Class 4 insurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Conduit Reinsurance Limited. The outlook assigned to these ratings is stable.

Conduit Holdings Limited is the ultimate parent of Conduit Reinsurance Limited and is listed on the London Stock Exchange (ticker: CRE). References to "Conduit" include Conduit Holdings Limited and all of its subsidiary companies.

Learn more about Conduit Re:

Website: https://conduitreinsurance.com/ LinkedIn: https://www.linkedin.com/company/conduit-re

 

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