Result of AGM

RNS Number : 5080G
Ocado Group PLC
12 May 2011
 



RESULT OF AGM

OCADO GROUP PLC

12 May 2011

 

Ocado Group plc

Annual General Meeting 2011 Results

 

The Annual General Meeting of Ocado Group plc (the "Company") was held at One Bunhill Row, London, EC1Y 8YY on Wednesday, 11 May 2011 at 2.00pm.

 

All resolutions were decided on a poll and all resolutions proposed at the Annual General Meeting were passed by shareholders. The full text of each resolution is contained in the notice of Annual General Meeting, which is available on the Company's website www.ocadogroup.com (with each resolution number below corresponding to the resolution number in the notice).

 

The number of votes for and against each of the resolutions put before the Annual General Meeting and the number of votes withheld were as follows:

 

Resolutions

For

Against

Total Votes

Votes Withheld

Votes

%

Votes

%

Ordinary Resolutions

1

To receive the Annual Report and Accounts

328,192,455

99.66

1,131,500

0.34

329,323,955

0

2

To approve the Remuneration Report

317,979,609

98.80

3,862,454

1.20

321,842,063

7,481,892

3

To re-appoint Lord Grade of Yarmouth

327,938,515

99.58

1,383,517

0.42

329,322,032

1,923

4

To re-appoint David Grigson

328,013,981

99.60

1,308,051

0.40

329,322,032

1,923

5

To re-appoint Tim Steiner

327,634,567

99.49

1,687,465

0.51

329,322,032

1,923

6

To re-appoint Neill Abrams

326,811,527

99.49

1,687,465

0.51

328,498,992

824,963

7

To re-appoint Andrew Bracey

327,634,567

99.49

1,687,465

0.51

329,322,032

1,923

8

To re-appoint Jason Gissing

327,634,567

99.49

1,687,465

0.51

329,322,032

1,923

9

To re-appoint Ruth Anderson

329,145,481

99.95

176,551

0.05

329,322,032

1,923

10

To re-appoint Robert Gorrie

325,392,798

99.05

3,106,194

0.95

328,498,992

824,963

11

To re-appoint Jörn Rausing

325,581,016

99.14

2,811,908

0.86

328,392,924

931,031

12

To re-appoint David Young

325,908,546

99.21

2,590,446

0.79

328,498,992

824,963

13

To re-appoint PricewaterhouseCoopers LLP as auditors

322,936,275

98.06

6,387,680

1.94

329,323,955

0

14

To authorise the Directors to determine the auditors'

remuneration

327,822,536

99.58

1,394,351

0.42

329,216,887

107,068

15

Authority for political donations and political expenditure

327,282,748

99.57

1,400,144

0.43

328,682,892

641,063

16

Authority to allot shares

319,107,753

97.12

9,469,071

2.88

328,576,824

747,131

17

Expansion of the Ocado Joint Share

Ownership Scheme

326,445,526

99.13

2,878,429

0.87

329,323,955

0

18

The establishment of the Ocado Share Incentive Plan

329,323,955

100

0

0

329,323,955

0

Special Resolutions

19

Authority to disapply pre-emption rights

329,097,032

99.93

225,000

0.07

329,322,032

1,923

20

Authority to purchase own shares

329,323,955

100

0

0

329,323,955

0

21

Notice of general meetings

321,265,866

97.55

8,058,089

2.45

329,323,955

0

 

Notes:

(i)         Votes 'withheld' are not votes under English law and so have not been included in the calculation of whether a resolution is carried. Percentages have been rounded to two decimal places.

(ii)         As at 6.00pm on 11 May 2011, the Company's issued share capital was 554,160,708 ordinary shares of 2p each. Of these issued ordinary shares, 32,314,300 are held by Appleby Trust (Jersey) Limited, the independent company which is the trustee of Ocado's employee benefit trust (the "EBT Trustee"). The EBT Trustee has waived its right to exercise its voting rights and to receive dividends in respect of these 32,314,300 ordinary shares. Although, in respect of 8,119,400 ordinary shares which have vested under the joint share ownership scheme, the Trustee may vote in respect of such ordinary shares at the request of a participant. Excluding the 24,194,900 ordinary shares held by the EBT Trustee which have not vested, Ocado has shares in issue with aggregate voting rights of 529,965,808.

 

This announcement is made pursuant to the requirements of Listing Rules 9.6.2 and 9.6.18. In accordance with Listing Rule 9.6.2, a copy of resolutions 15 to 21 (as set out in the notice of Annual General Meeting), being the resolutions passed at the Annual General Meeting not concerning ordinary business, has been submitted today to the Financial Services Authority's national storage mechanism. This document will be available for viewing at www.hemscott.com/nsm.do.

 

A copy of the Annual General Meeting results will be available on Ocado's website: www.ocadogroup.com.

 

For further information please contact:

 

Company Secretary

Ocado Group plc

Titan Court

3 Bishops Square

Hatfield Business Park

Hatfield, Hertfordshire, AL10 9NE

Fax: +44 (0)1707 227997

Email: company.secretary@ocado.com


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