Result of AGM

RNS Number : 9474M
Direct Line Insurance Group PLC
14 May 2020
 

2020 Annual General Meeting Poll Results for Direct Line Insurance Group Plc

14 May 2020

 

Direct Line Insurance Group plc (the "Company") announces that all resolutions proposed to shareholders at its Annual General Meeting today were carried by the requisite majority on a poll. 

The following table shows the votes cast for each resolution:

Resolution

For

% of votes cast

Against

% of votes cast

Total votes

% of issued share capital voted

Votes withheld

1.

To receive the report and accounts for the year ended 31 December 2019

1,076,525,654

99.93

799,898

0.07

1,077,325,552

78.95%

1,079,730

2.

To approve the Directors' remuneration report

1,023,165,733

94.88

55,176,087

5.12

1,078,341,820

79.03%

63,462

3.

To approve the Directors' remuneration policy

1,051,904,620

97.55

26,440,027

2.45

1,078,344,647

79.03%

60,251

4.

To re-elect Mike Biggs as a Director

1,051,216,789

97.50

26,945,052

2.50

1,078,161,841

79.01%

243,441

5.

To re-elect Danuta Gray as a Director

1,063,589,717

98.65

14,546,846

1.35

1,078,136,563

79.01%

268,719

6.

To re-elect Mark Gregory as a Director

1,077,324,211

99.92

813,337

0.08

1,078,137,548

79.01%

267,734

7.

To re-elect Jane Hanson as a Director

1,077,980,968

99.99

158,040

0.01

1,078,139,008

79.01%

266,274

8.

To elect Tim Harris as a Director

1,076,668,912

99.86

1,469,867

0.14

1,078,138,779

79.01%

266,503

9.

To re-elect Penny James as a Director

1,065,104,715

98.79

13,033,593

1.21

1,078,138,308

79.01%

266,974

10.

To re-elect Sebastian James as a Director

1,077,356,258

99.93

781,990

0.07

1,078,138,248

79.01%

267,034

11.

To re - elect Fiona McBain as a Director

982,332,614

91.11

95,805,634

8.89

1,078,138,248

79.01%

267,034

12.

To re-elect Gregor Stewart as a Director

1,067,242,313

98.99

10,895,935

1.01

1,078,138,248

79.01%

267,034

13.

To re-elect Richard Ward as a Director

1,074,312,929

99.65

3,825,319

0.35

1,078,138,248

79.01%

267,034

14.

To re-appoint Deloitte LLP as Auditor

1,047,693,250

97.18

30,436,698

2.82

1,078,129,948

79.01%

275,333

15.

To authorise the Audit Committee to agree the Auditor's remuneration

1,077,312,857

99.92

836,864

0.08

1,078,149,721

79.01%

252,929

16.

To authorise the Company to make political donations

992,235,452

92.03

85,917,532

7.97

1,078,152,984

79.01%

250,099

17.

To approve the Company's Long Term Incentive Plan

1,067,741,377

99.03

10,407,369

0.97

1,078,148,746

79.01%

255,895

18.

To approve the Company's Deferred Annual Incentive Plan

1,074,050,536

99.62

4,074,441

0.38

1,078,124,977

79.01%

280,305

19.

To authorise the Directors to allot new shares

1,028,027,541

95.35

50,147,304

4.65

1,078,174,845

79.01%

230,437

20.

To disapply  pre-emption rights*

1,072,223,798

99.46

5,870,327

0.54

1,078,094,125

79.01%

311,157

21.

To further disapply  pre-emption rights in specific circumstances*

1,047,113,711

97.13

30,972,953

2.87

1,078,086,664

79.01%

316,818

22.

To authorise the Company to purchase its own shares*

1,066,491,839

98.95

11,360,717

1.05

1,077,852,556

78.99%

543,101

23.

To authorise the Directors to allot new shares in relation to an issue of Restricted Tier 1 Capital Instruments

1,070,064,453

99.25

8,055,859

0.75

1,078,120,312

79.01%

284,970

24.

To authorise the Directors to disapply pre-emption rights in relation to an issue of Restricted Tier 1 Capital Instruments*

1,044,966,997

96.93

33,145,625

3.07

1,078,112,622

79.01%

292,660

25.

To authorise the Company to call general meetings on 14 clear days' notice*

1,000,241,084

92.75

78,135,523

7.25

1,078,376,607

79.03%

28,675

26.

To adopt new Articles of Association*

1,078,101,308

100.00

51,575

0.00

1,078,152,883

79.01%

252,399

 

 

 

 

NOTES:

1.  * indicates a Special Resolution requiring 75% of votes cast to be carried.

2.  Votes "For" and "Against" are expressed as a percentage of votes cast.

3.  Votes "For" include discretionary votes.

4.  A "Vote withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.

5.  Total number of shares in issue is 1,364,551,605 ordinary shares. Ordinary shareholders are entitled to one vote per share held. 

 

6.  To view the full wording of the resolutions, please refer to the 2020 Notice of Annual General Meeting on the Company's website.

In accordance with the UK Listing Authority's Listing Rule 9.6.2, copies of all the resolutions passed other than resolutions concerning ordinary business have been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism  

Contact:

Roger Clifton  Company Secretary

Email:  Roger.Clifton@directlinegroup.co.uk

 

LEI: 213800FF2R23ALJQOP04

 




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