2022 AGM voting outcome update statement

RNS Number : 8714N

MITIE Group PLC

25 January 2023

 

25 January 2023

Mitie Group plc

LEI number: 213800MTCLTKEHWZMJ03

Mitie Group plc

2022 AGM voting outcome update statement

Mitie Group plc (the Company) today provides an update in respect of the results of its Annual General Meeting (AGM) held on 26 July 2022.  At the Company's AGM all resolutions were duly passed by poll with the requisite majority. 

The Board notes that the resolutions which received a vote of more than 20% against (as a percentage of the total number of votes cast) were in respect of the re-election of Roger Yates and the additional authority to disapply pre-emption rights (up to a nominal value equivalent to 5% of Mitie's issued share capital excluding Treasury shares) for the purpose of acquisitions and capital investments.  It should be noted that votes cast in favour of those resolutions were 79.52% and 78.19% respectively. 

The majority of the votes received against the re-election of Roger Yates were attributable to one of the Company's major shareholders whose policy is not to support Non-Executive Directors who are over-committed to other activities.  Roger Yates is Non-Executive Director of BioTech Growth Trust Plc, and Senior Independent Director and Chair of the Remuneration Committee of both Jupiter Fund Management Plc and St James' Place Plc.  St James' Place Plc has announced that Roger will be retiring from their Board at their AGM in May this year, having served 9 years.

The Company has taken on board this feedback and has sought to provide re-assurance that all Non-Executive Directors have sufficient time to dedicate to their duties.

One single shareholder cast the majority of votes against the additional authority to disapply pre-emption rights, in line with their published proxy voting and corporate governance policy.

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For further information

Kate Heseltine Group IR Director	M: [phone]	E: [e-mail]
Claire Lovegrove Head of Media Relations	M: [phone]	E: [e-mail]
Richard Mountain FTI Consulting	M: [phone]	E: [e-mail]

About Mitie

Founded in 1987, Mitie's job is to look after places where Britain works and is the leading facilities management company in the UK. We offer a range of services to the Public Sectors in Central Government and Defence and Communities (Healthcare, Education and Campus & Critical).  Our Technical Services (Engineering Services, Energy, Water and Real Estate Services) and Business Services (Security, Cleaning and Office Services) divisions serve private sector customers in Telecoms, Financial & Professional Services, Transport and Industrials and increasingly to the public sector. Finally, our Specialist Services (Care & Custody, Landscapes, Waste Management and Spain) division serves both the public and private sectors. 

Mitie acquired Interserve's facilities management business on 30 November 2020 and now employs 68,000 people. We are the champion of the 'Frontline Heroes' who have kept Britain working during the COVID pandemic. We take care of our customers' people and buildings, through the 'Science of Service', and we are transforming facilities to be more flexible, safe, sustainable, and attractive to all.  The business continues to execute its technology-led strategy and in the past twelve months has received multiple awards.  Find out more at   www.mitie.com . 

 

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