Result of AGM

RNS Number : 0029Y

easyJet PLC

23 February 2012

 



Result of AGM

easyJet plc Poll Results

Annual General Meeting 23 February 2012

easyJet announces that the Annual General Meeting of the Company was held earlier today.  All the resolutions were decided by poll. 

The results of the poll incorporating proxy votes lodged in advance of the meeting are set out below:

Resolution							For	Against	Withheld*	Total Vote
1.    Receive the annual report and the audited accounts for the period ended 30 September 2011							216,440,915	343,607	160,674,565	216,784,522
2.    Approve the directors' remuneration report contained in the annual report and accounts							210,099,499	167,201,533	158,054	377,301,032
3.    Elect Charles Gurassa as a Director							376,560,284	387,174	511,629	376,947,458
4.    Elect Andrew Martin as a Director							376,555,743	380,927	522,417	376,936,670
5.    Elect Adèle Anderson as a Director							216,068,806	160,865,594	524,687	376,934,400
6.    Re-elect Sir Michael Rake as a Director							212,366,662	161,425,110	3,667,314	373,791,772
7.    Re-elect Carolyn McCall as a Director							216,385,781	385,682	160,687,624	216,771,463
8.    Re-elect Christopher Kennedy as a Director							216,141,053	483,783	160,834,251	216,624,836
9.    Re-elect David Bennett as a Director							215,850,564	728,002	160,880,521	216,578,566
10.   Re-elect Professor Rigas Doganis as a Director							216,107,826	160,998,662	352,599	377,106,488
11.   Re-elect John Browett as a Director							215,962,297	617,666	160,879,124	216,579,963
12.   Re-elect Keith Hamill as a Director							215,223,261	161,839,681	396,145	377,062,942
13.   Re-appoint PricewaterhouseCoopers LLP as auditors and authorise Directors to fix their remuneration							216,250,753	161,041,095	167,239	377,291,848
14.  Authorise the Company to make political  donations							210,493,762	6,306,443	160,658,882	216,800,205
15.  Authorise Directors to allot shares							216,187,833	161,038,858	234,079	377,226,691
16.  Declare an ordinary dividend							377,134,354	189,632	135,101	377,323,986
17.  Declare a special dividend and approve a consolidation of share capital							376,810,990	509,395	138,702	377,320,385
18. Grant directors authority to disapply pre-emption rights (special resolution)							216,126,810	160,828,142	504,135	376,954,952
19. Authorise the Company to purchase its own shares (special resolution)							216,311,843	404,858	160,742,386	216,716,701
20. Authorise the Company to call a general meeting other than an AGM on not less than 14 days notice (special resolution)							211,071,789	166,139,214	248,084	377,211,003

* A vote withheld is not counted towards votes cast "For" or "Against".

The percentages of votes cast are as follows:

			Excluding votes of Stelios and family
Resolution	For	Against	For	Against
1.    Receive the annual report and the audited accounts for the period ended 30 September 2011	99.84%	0.16%	99.84%	0.16%
2.    Approve the directors' remuneration report contained in the annual report and accounts	55.68%	44.32%	96.90%	3.10%
3.    Elect Charles Gurassa as a Director	99.90%	0.10%	99.82%	0.18%
4.    Elect Andrew Martin as a Director	99.90%	0.10%	99.82%	0.18%
5.    Elect Adèle Anderson as a Director	57.32%	42.68%	99.82%	0.18%
6.    Re-elect Sir Michael Rake as a Director	56.81%	43.19%	99.56%	0.44%
7.    Re-elect Carolyn McCall as a Director	99.82%	0.18%	99.82%	0.18%
8.    Re-elect Christopher Kennedy as a Director	99.78%	0.22%	99.78%	0.22%
9.    Re-elect David Bennett as a Director	99.66%	0.34%	99.66%	0.34%
10.   Re-elect Professor Rigas Doganis as a Director	57.31%	42.69%	99.76%	0.24%
11.   Re-elect John Browett as a Director	99.71%	0.29%	99.71%	0.29%
12.   Re-elect Keith Hamill as a Director	57.08%	42.92%	99.37%	0.63%
13.   Re-appoint PricewaterhouseCoopers LLP as auditors and authorise Directors to fix their remuneration	57.32%	42.68%	99.74%	0.26%
14.  Authorise the Company to make political  donations	97.09%	2.91%	97.09%	2.91%
15.  Authorise Directors to allot shares	57.31%	42.69%	99.74%	0.26%
16.  Declare an ordinary dividend	99.95%	0.05%	99.91%	0.09%
17.  Declare a special dividend and approve a consolidation of share capital	99.86%	0.14%	99.77%	0.23%
18. Grant directors authority to disapply pre-emption rights (special resolution)	57.33%	42.67%	99.84%	0.16%
19. Authorise the Company to purchase its own shares (special resolution)	99.81%	0.19%	99.81%	0.19%
20. Authorise the Company to call a general meeting other than an AGM on not less than 14 days notice (special resolution)	55.96%	44.04%	97.39%	2.61%

Speaking at the Company's Annual General Meeting in Luton today, Sir Michael Rake, Chairman of easyJet plc, said:

"2011 was a record year for easyJet - it achieved its best ever operational performance, highest ever passengers numbers, high levels of customer satisfaction, highest ever profits and will pay its first ever dividends of around £200m to shareholders. Shareholders have also benefited from a 29% increase in share price over the last 12 months.  All of this being achieved against the background of a difficult macro environment.

"It's clear from the votes cast that easyJet's shareholders have overwhelmingly voted with the Board and we thank them for their support.  Over 99% of the shares voted by shareholders, other than Stelios and his family, were cast in favour of the Board's re-election and 97% were voted in favour of the company's Remuneration Report. 

"The board also regrets that Stelios has chosen to block the two special resolutions (which require a 75% majority).  Both are standard AGM resolutions and as the votes clearly show this is not what other shareholders want to see happen.

"The Board remains open and committed to constructive engagement with all its shareholders to build on the successes of the past year."

The results will also be made available on the Company's website: http://corporate.easyjet.com/

In accordance with LR 9.6.2, copies of the resolutions passed as special business have been forwarded to the FSA for publication through the Document Viewing Facility and will be accessible via the National Storage Mechanism website (www.hemscott.com/nsm.do).

The timetable in relation to dividends and the share consolidation is as follows:

Existing Ordinary Shares marked ex‑entitlement to the Ordinary Dividend	Wednesday, 29 February 2012
Record Date for entitlement to the Special Dividend, Ordinary Dividend and for the Share Consolidation	5.00pm on Friday, 2 March 2012
Existing Ordinary Shares marked ex-entitlement to the Special Dividend	Monday, 5 March 2012
Effective time and date of the Share Consolidation and date CREST accounts credited with New Ordinary Shares	08.00am on Monday, 5 March 2012
Commencement of dealings in New Ordinary Shares	08.00am on Monday, 5 March 2012
Payment (where applicable) of fractional entitlements, despatch (where applicable) of certificates for New Ordinary Shares	Friday, 23 March 2012
Payment of Ordinary Dividend and Special Dividend	Friday, 23 March 2012

End

For further details please contact easyJet plc:

Investor:

Rachel Kentleton, Investor Relations     [phone]

Media:

Paul Moore, Communications               [phone]

Edward Simpkins   RLM Finsbury        [phone]

 

END

 

 

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