Result of AGM

Network International Holdings PLC

24 June 2024

 

Network International Holdings Plc

Results of Annual General Meeting, 24 June 2024

Network International Holdings Plc (LSE: NETW) (the "Company"), the leading enabler of digital commerce across the Middle East and Africa (MEA), announces that its Annual General Meeting held at 8:30 am on Monday, 24 June 2024 was successfully concluded. All Resolutions were duly passed by way of a poll.

THE COMPANIES ACT 2006

NETWORK INTERNATIONAL HOLDINGS PLC

(A company limited by shares incorporated under the laws of England and Wales)

RESOLUTIONS PASSED AT THE ANNUAL GENERAL MEETING OF NETWORK INTERNATIONAL HOLDINGS PLC (THE "COMPANY") HELD IN PHYSICAL AND ELECTRONIC MODE AT ONE BISHOPS SQUARE, LONDON E1 6AD, UNITED KINGDOM AT 8:30 AM ON MONDAY, 24 JUNE 2024

Resolutions 1 to 15 (inclusive) were proposed and passed as ORDINARY RESOLUTIONS and Resolutions 16 to 19 (inclusive) were proposed and passed as SPECIAL RESOLUTIONS on a poll, and received the following votes:

	Resolutions passed	Votes "For"	Votes "For" %	Votes "Against"	Votes "Against" %	Votes  Total	% of Votable Share Capital Voted	Votes "Withheld"
ORDINARY RESOLUTIONS:
1	To receive the annual report and accounts of the Company for the year ended 31 December 2023.	181,418,000	99.91	169,124	0.09	181,587,124	34.08%	497,142
2	To approve the directors' remuneration report for the financial year ended 31 December 2023.	173,456,353	95.26	8,627,913	4.74	182,084,266	34.18%	0
3	To re-elect Sir Rohinton Kalifa, OBE as a director.	173,244,975	95.18	8,777,558	4.82	182,022,533	34.17%	61,733
4	To re-elect Nandan Mer as a director.	182,033,456	99.97	50,810	0.03	182,084,266	34.18%	0
5	To re-elect Darren Pope as a director.	178,828,105	98.21	3,256,161	1.79	182,084,266	34.18%	0
6	To re-elect Anil Dua as a director.	182,033,456	99.97	50,810	0.03	182,084,266	34.18%	0
7	To re-elect Victoria Hull as a director.	170,617,706	93.70	11,466,560	6.30	182,084,266	34.18%	0
8	To re-elect Rohit Malhotra as a director.	181,998,527	99.95	85,739	0.05	182,084,266	34.18%	0
9	To re-elect Habib Al Mulla as a director.	179,262,436	98.45	2,821,830	1.55	182,084,266	34.18%	0
10	To re-elect Diane Radley as a director.	159,215,708	87.44	22,868,558	12.56	182,084,266	34.18%	0
11	To re-elect Monique Shivanandan as a director.	181,865,069	99.88	219,197	0.12	182,084,266	34.18%	0
12	To re-appoint KPMG LLP as auditors until the conclusion of the next annual general meeting at which the accounts are laid.	182,074,810	99.99	9,456	0.01	182,084,266	34.18%	0
13	To authorise the audit committee for and on behalf of the board to determine the remuneration of the auditors.	182,076,623	100.00	7,643	0.00	182,084,266	34.18%	0
14	To grant authority to make political donations.	182,075,508	100.00	8,758	0.00	182,084,266	34.18%	0
15	To grant authority to allot shares.	180,360,595	99.05	1,723,671	0.95	182,084,266	34.18%	0
SPECIAL RESOLUTIONS:
16	To grant general authority to dis-apply pre-emption rights.	182,000,733	99.95	83,236	0.05	182,083,969	34.18%	297
17	To grant additional authority to dis-apply pre-emption rights.	181,995,217	99.95	85,049	0.05	182,080,266	34.18%	4,000
18	To authorise market purchase of own shares.	182,074,630	99.99	9,636	0.01	182,084,266	34.18%	0
19	To authorise that a general meeting (other than an annual general meeting) may be called on not less than 14 clear days' notice.	178,051,369	97.79	4,032,897	2.21	182,084,266	34.18%	0

Notes:

1.             Details of the resolutions are set out in the Notice of Annual General Meeting dated 22 May 2024 (which is available on the Company's website at https://investors.networkinternational.ae/).

2.            Resolutions 1 to 15 were ordinary resolutions, requiring more than 50% of shareholders' votes to be cast in favour of the resolutions. Resolutions 16 to 19 were special resolutions, requiring at least 75% of shareholders' votes to be cast in favour of the resolutions.

3.           There were 532,748,593 ordinary shares in issue all of which had the right to vote (Votable Share Capital). These do not include 5,000,000 ordinary shares held in treasury.

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.         In accordance with Listing Rules 9.6.2R and 9.6.3R, copies of the resolutions numbered 16, 17, 18 and 19 will be submitted to the National Storage Mechanism as soon as practicable and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. A copy of the resolutions may also be obtained from the Notice of Meeting which is available on the Company's website at https://investors.networkinternational.ae/.

Jaishree Razzaq

Chief Risk Officer & Group Company Secretary

Network International Holdings Plc

Investor Relations enquiries

Network International                                                                         [e-mail]

Amie Gramlick, Head of Investor Relations                                                                            

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Andy Parnis, Anthony Di Natale

 

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