Result of AGM

RNS Number : 0955E
Ocado Group PLC
03 May 2017
 

RESULT OF AGM

OCADO GROUP PLC

3 May 2017 

Ocado Group plc

Annual General Meeting 2017 Results

 

The Annual General Meeting of Ocado Group plc (the "Company") was held at Peterborough Court, 133 Fleet Street, London, EC4A 2BB on Wednesday, 3 May 2017 at 11.00am.

 

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

448,431,851

100.00%

2,407

0.00%

448,607,479

173,221

2

To approve the Directors' Remuneration Policy

416,068,306

93.75%

27,747,647

6.25%

448,607,479

4,791,526

3

To approve the Directors' Remuneration Report

413,472,812

93.16%

30,342,020

6.84%

448,607,479

4,792,647

4

To re-appoint Lord Rose

437,227,347

97.51%

11,185,327

2.49%

448,607,479

194,805

5

To re-appoint Tim Steiner

447,232,365

99.69%

1,369,317

0.31%

448,607,479

5,797

6

To re-appoint Duncan Tatton-Brown

447,229,291

99.69%

1,372,391

0.31%

448,607,479

5,797

7

To re-appoint Neill Abrams

443,289,719

98.86%

5,124,536

1.14%

448,607,479

193,224

8

To re-appoint Mark Richardson

446,493,307

99.53%

2,108,375

0.47%

448,607,479

5,797

9

To re-appoint Jörn Rausing

441,019,204

98.31%

7,580,895

1.69%

448,607,479

7,380

10

To re-appoint Ruth Anderson

445,974,117

99.41%

2,624,430

0.59%

448,607,479

8,932

11

To re-appoint Douglas McCallum

441,645,140

98.45%

6,953,699

1.55%

448,607,479

8,640

12

To re-appoint Alex Mahon

448,392,486

99.95%

206,061

0.05%

448,607,479

8,932

13

To re-appoint Andrew Harrison

448,391,812

99.95%

206,735

0.05%

448,607,479

8,932

14

To re-appoint Emma Lloyd

448,392,032

99.95%

206,515

0.05%

448,607,479

8,932

15

To appoint Deloitte LLP as auditors

441,158,885

98.34%

7,445,712

1.66%

448,607,479

2,882

16

To authorise the Directors to determine the auditors'

remuneration

441,286,935

98.37%

7,318,577

1.63%

448,607,479

1,967

17

Authority for political donations and political expenditure

437,896,115

97.96%

9,141,612

2.04%

448,607,479

1,569,752

18

Authority to allot shares up to one-third of issued share capital

441,197,745

99.41%

2,620,240

0.59%

448,607,479

4,789,494

19

Authority to allot shares in connection with a rights issue only

360,233,924

81.17%

83,580,107

18.83%

448,607,479

4,793,448

Special Resolutions

20

General authority to disapply pre-emption rights

433,827,686

97.75%

9,986,488

2.25%

448,607,479

4,793,305

21

Authority to purchase own shares

442,981,722

99.95%

239,247

0.05%

448,607,479

5,386,510

22

Notice of general meetings

445,985,245

99.28%

3,223,439

0.72%

449,209,803

1,119

 

 

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 7.00am on 3 May 2017, the Company's issued share capital was 629,719,608 ordinary shares of 2p each admitted to trading. The Company does not hold any ordinary shares in treasury. Each ordinary share carries the right to one vote in relation to all circumstances at general meetings of the Company. Of these issued ordinary shares: (1) 1,914,114 shares are held by Yorkshire Building Society, the trustee for the Company's employee Share Incentive Plan, who must vote, at the request of a participant, in respect of ordinary shares held by the trustee on behalf of that participant; (2) 32,811,272 shares are held by Wealth Nominees Limited on behalf of Estera 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 32,811,272 ordinary shares, although it may vote in respect of 32,732,240 ordinary shares which have vested under the joint share ownership scheme and remain in the trust as at 3 May 2017, at the request of a participant.

 

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 17 to 22 (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 Conduct Authority's national storage mechanism. This document will be available for viewing at http://www.morningstar.co.uk/uk/NSM.

 

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

 

Person responsible for arranging the release of this announcement:

 

Neill Abrams

Company Secretary

Ocado Group plc

Buildings One & Two, Trident Place,

Mosquito Way, Hatfield, AL10 9UL

Hertfordshire

+ 44 1707 228 000

company.secretary@ocado.com  

 


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