Results of 2016 Annual General Meeting

RNS Number : 2290J

Sports Direct International Plc

07 September 2016

 

7 September 2016



SPORTS DIRECT INTERNATIONAL PLC

("Sports Direct" or the "Company")

Results of 2016 Annual General Meeting ("AGM")

Sports Direct announces the results of the poll on the resolutions put at its AGM held on Wednesday 7 September 2016 at Unit D, Brook Park East, Shirebrook, NG20 8RY at 11.00am.

	VOTES FOR	%	VOTES AGAINST	%	VOTES TOTAL	% of ISC1 VOTED	VOTES WITHHELD2
1. To receive the audited accounts and the reports of the Directors and of the auditors for the financial year ended 24 April 2016.	515,943,476	96.83	16,877,295	3.17	532,820,771	89.31%	500,346
2. To approve the Directors' Remuneration Report for the year ended 24 April 2016	498,744,600	93.59	34,184,194	6.41	532,928,794	89.32%	392,463
3.  To re-elect Keith Hellawell as a director of the Company	416,606,701	81.02	97,613,378	18.98	514,220,079	86.19%	19,098,179
4. To re-elect Mike Ashley as a director of the Company	480,581,212	92.61	38,369,866	7.39	518,951,078	86.98%	14,370,179
5. To re-elect Simon Bentley as a director of the Company	450,758,228	86.86	68,194,351	13.14	518,952,579	86.98%	14,368,679
6. To re-elect Dave Forsey as a director of the Company	532,332,623	99.89	595,067	0.11	532,927,690	89.32%	393,567
7. To re-elect Dave Singleton as a director of the Company	452,982,103	87.29	65,966,476	12.71	518,948,579	86.98%	14,372,679
8. To re-elect Claire Jenkins as a director of the Company	454,472,016	87.58	64,475,801	12.42	518,947,817	86.98%	14,373,441
9. To re-elect Matt Pearson as a director of the Company	532,328,862	99.89	593,066	0.11	532,921,928	89.32%	399,329
10 To re-appoint Grant Thornton UK LLP as the Company's auditors, to hold office until the conclusion of the next Annual General Meeting	495,877,718	93.05	37,045,478	6.95	532,923,196	89.32%	398,062
11. To authorise the directors to determine the remuneration of the auditors	488,509,237	92.49	39,686,459	7.51	528,195,696	88.53%	5,125,562
12. To grant authority for the directors to allot shares	526,817,381	98.85	6,107,578	1.15	532,924,959	89.32%	393,299
13.To grant additional authority for the directors to allot shares in connection with a rights issue	504,436,641	94.65	28,491,352	5.35	532,927,993	89.32%	393,265
14. To dis-apply pre-emption rights	526,895,821	98.80	6,412,903	1.20	533,308,724	89.39%	12,534
15. To dis-apply pre-emption rights	503,348,736	94.45	29,579,225	5.55	532,927,961	89.32%	393,297
16. To authorise the Company to purchase its own shares	531,488,084	99.73	1,440,611	0.27	532,928,695	89.32%	392,563
17. To reduce the notice period for all general meetings other than the Annual General Meeting	529,973,986	99.45	2,954,851	0.55	532,928,837	89.32%	392,420
18.To authorise the making of political donations	532,513,509	99.92	414,120	0.08	532,927,629	89.32%	393,629
19:  To commission an independent review of Sports Direct International plc's human capital management strategy	105,907,462	20.66	406,685,027	79.34	512,592,489	85.92%	20,728,323
* Independent Resolutions
3*.  To re-elect Keith Hellawell as a director of the Company	86,606,701	47.01	97,613,378	52.99	184,220,079	55.82%	19,098,179
5*. To re-elect Simon Bentley as a director of the Company	120,758,228	63.91	68,194,351	36.09	188,952,579	57.26%	14,368,679
7.* To re-elect Dave Singleton as a director of the Company	122,982,103	65.09	65,966,476	34.91	188,948,579	57.26%	14,372,679
8.* To re-elect Claire Jenkins as a director of the Company	124,472,016	65.88	64,475,801	34.12	188,947,817	57.26%	14,373,441

Note 1: Issued Share Capital.

Note 2: A 'vote withheld' is not a vote under English law and is not counted in the calculation of votes 'for' or 'against' a resolution.

The Company is disappointed to note that the resolution to re-elect the Chairman was not approved by a majority of the Company's independent shareholders, and confirms that in accordance with the UKLA Listing Rules this resolution will be put to shareholders of the Company at a general meeting to be held within 90 and 120 days of today's date.  Dr Keith Hellawell will remain in his role until the date of that general meeting.

Dr Hellawell commented as follows:

"I take this clear message from our independent shareholders seriously, and I will do my best to address their concerns and earn their confidence over the next year.  I have confirmed today that should I not receive the support of a majority of our independent shareholders at next year's AGM, I will step down at that time with immediate effect."

Ends.

Sports Direct International plc

Dave Forsey, Chief Executive

Matt Pearson, Acting Chief Financial Officer

T. 0344 245 9200

KBA PR

Keith Bishop

T. 0207 734 9995

 

END

 

 

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