Results of Annual General Meeting 19 May 2022

RNS Number : 1617M

Network International Holdings PLC

19 May 2022

 

Network International Holdings Plc

Results of Annual General Meeting 19 May 2022

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 12:00pm on Thursday, 19 May 2022 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 THE LINCOLN CENTRE, 18 LINCOLN'S INN FIELDS, LONDON, WC2A 3ED, UNITED KINGDOM AT 12:00PM ON THURSDAY, 19 MAY 2022

Resolutions 1 to 16 (inclusive) were proposed and passed as ORDINARY RESOLUTIONS and Resolutions 17 to 20 (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 Issued Share Capital Voted	Votes "Withheld"
ORDINARY RESOLUTIONS:
1	To receive the annual report and accounts of the Company for the year ended 31 December 2021.	493,569,640	100.00	0	0.00	493,569,640	87.96%	327,013
2	To approve the directors' remuneration report for the financial year ended 31 December 2021 .	482,371,017	98.22	8,751,958	1.78	491,122,975	87.53%	2,773,678
3	To re-elect Mr. Rohinton Kalifa, OBE as a director of the Company.	427,372,882	92.73	33,482,951	7.27	460,855,833	82.13%	33,040,820
4	To re-elect Nandan Mer as a director.	493,759,581	99.97	137,072	0.03	493,896,653	88.02%	0
5	To re-elect Darren Pope as a director.	457,768,275	99.33	3,087,558	0.67	460,855,833	82.13%	33,040,820
6	To re-elect Anil Dua as a director.	493,759,581	99.97	137,072	0.03	493,896,653	88.02%	0
7	To re-elect Victoria Hull as a director.	433,928,119	94.16	26,927,714	5.84	460,855,833	82.13%	33,040,820
8	To elect Rohit Malhotra as a director.	493,257,771	99.87	638,882	0.13	493,896,653	88.02%	0
9	To re-elect Habib Al Mulla as a director.	457,768,275	99.33	3,087,558	0.67	460,855,833	82.13%	33,040,820
10	To re-elect Diane Radley as a director.	412,728,404	83.57	81,168,249	16.43	493,896,653	88.02%	0
11	To re-elect Monique Shivanandan as a director.	493,733,312	99.97	163,341	0.03	493,896,653	88.02%	0
12	To re-elect Suryanarayan Subramanian as a director.	493,759,581	99.97	137,072	0.03	493,896,653	88.02%	0
13	To re-appoint KPMG LLP as auditors until the conclusion of the next annual general meeting at which the accounts are laid.	493,896,653	100.00	0	0.00	493,896,653	88.02%	0
14	To authorise the audit committee for and on behalf of the board to determine the remuneration of the auditors.	493,891,198	100.00	5,455	0.00	493,896,653	88.02%	0
15	To grant authority to make political donations.	491,012,994	99.47	2,594,659	0.53	493,607,653	87.97%	289,000
16	To grant Authority to allot shares.	490,723,768	99.36	3,172,885	0.64	493,896,653	88.02%	0
SPECIAL RESOLUTIONS:
17	To grant general authority to dis-apply pre-emption rights.	493,884,458	100.00	12,195	0.00	493,896,653	88.02%	0
18	To grant additional authority to dis-apply pre-emption rights	492,813,023	99.78	1,083,630	0.22	493,896,653	88.02%	0
19	To authorise market purchase of own shares	493,848,210	99.99	30,845	0.01	493,879,055	88.02%	17,598
20	To authorise that a general meeting (other than an annual general meeting) may be called on not less than 14 clear days' notice.	456,868,910	92.50	37,027,743	7.50	493,896,653	88.02%	0

Notes:

1.            Details of the resolutions are set out in the Notice of Annual General Meeting dated 12 April 2022 (which is available on the Company's website at https://investors.networkinternational.ae/).

2.            Resolutions 1 to 16 were ordinary resolutions, requiring more than 50% of shareholders' votes to be cast in favour of the resolutions. Resolutions 17 to 20 were special resolutions, requiring at least 75% of shareholders' votes to be cast in favour of the resolutions.

3.            There were 561,101,690 ordinary shares in issue all of which had the right to vote. None of the ordinary shares were 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 17, 18, 19 and 20 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
Media enquiries
Teneo	[e-mail]
Ben Foster, Andy Parnis

 

END

 

 

RAGFLFLEERIALIF