Result of AGM

RNS Number : 1933L

Conduit Holdings Limited

12 May 2022

 

Conduit Holdings Limited - Results of 2022 AGM

Conduit Holdings Limited - Results of 2022 AGM

Conduit Holdings Limited ("CHL" or "Conduit Re") (Ticker:CRE)

Pembroke, Bermuda - 12 May 2022

Results of 2022 AGM

Conduit Holdings Limited announces the result of voting on the resolutions at its 2022 Annual General Meeting ('AGM') held on Wednesday 11 May 2022. The meeting considered the 18 resolutions as set out in the AGM Notice dated 8 April 2022.

Each of the resolutions was duly passed by the required majority. Resolutions 1 to 16 were passed as ordinary resolutions. Resolutions 17 and 18 were passed as special resolutions. The total number of votes received for each resolution is set out below.

A copy of the special resolutions passed will be submitted to the National Storage Mechanism and available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

On the voting record date, 9 May 2022, CHL held 522,823 of its common shares in treasury and had 165,239,997 common shares in issue (including treasury shares). Therefore, the total voting rights in CHL on 9 May 2022 was 164,717,174.

Resolution	Votes For	% Votes Cast	Votes Against	% Votes Cast	Votes Withheld	Total Votes Cast (excluding Votes Withheld)	% of Issued Share Capital voted
1. To receive the Company's audited consolidated financial statements for the financial period ended 31 December 2021 and the reports of the Directors and the Auditors thereon (the "Annual Report and Accounts")	134,230,916	100.00	0	0.00	0	134,230,916	81.23
2. To approve the Directors' Remuneration Policy as set out in the second part of the Directors' Remuneration Report for the year ended 31 December 2021.	131,008,002	97.60	3,222,914	2.40	0	134,230,916	81.23
3. To approve the Annual Report on Remuneration as set out in the third part of the Directors' Remuneration Report for the year ended 31 December 2021	132,758,002	99.98	22,914	0.02	1,450,000	132,780,916	80.36
4. To approve the reduction of the Company's share premium account from US$ 1,054,983,424.67 to nil and that such amount thereafter be credited to the Company's contributed surplus account to be effective as of the date of the shareholder approval.	134,230,916	100.00	0	0.00	0	134,230,916	81.23
5. To re-elect Neil Eckert as a Director of the Company.	132,440,890	98.67	1,790,026	1.33	0	134,230,916	81.23
6. To re-elect Trevor Carvey as a Director of the Company.	134,230,916	100.00	0	0.00	0	134,230,916	81.23
7. To re-elect Elaine Whelan as a Director of the Company.	134,069,427	99.88	161,489	0.12	0	134,230,916	81.23
8. To re-elect Sir Brian Williamson as a Director of the Company.	126,501,256	94.24	7,729,660	5.76	0	134,230,916	81.23
9. To re-elect Malcolm Furbert as a Director of the Company.	134,206,721	99.98	24,195	0.02	0	134,230,916	81.23
10. To re-elect Elizabeth Murphy as a Director of the Company.	134,206,721	99.98	24,195	0.02	0	134,230,916	81.23
11. To re-elect Dr Richard L. Sandor as a Director of the Company.	134,206,721	99.98	24,195	0.02	0	134,230,916	81.23
12. To re-elect Ken Randall as a Director of the Company.	134,206,721	99.98	24,195	0.02	0	134,230,916	81.23
13. To elect Michelle Seymour Smith as a Director of the Company	134,230,916	100.00	0	0.00	0	134,230,916	81.23
14. To re-appoint KPMG Audit Limited as auditors of the Company to hold office until the conclusion of the next general meeting of the Company at which accounts are laid.	134,230,916	100.00	0	0.00	0	134,230,916	81.23
15. To authorise the Directors to determine the remuneration of the auditors.	134,230,916	100.00	0	0.00	0	134,230,916	81.23
16. To authorise the Allotment of Shares as detailed in the Notice of Meeting.	133,707,045	99.61	523,871	0.39	0	134,230,916	81.23
SPECIAL RESOLUTIONS
17. To authorise Disapplication of Pre-emption Rights as detailed in the Notice of Meeting.	133,980,916	99.81	250,000	0.19	0	134,230,916	81.23
18. To authorise the Purchase of own Common Shares as detailed in the Notice.	132,589,559	98.92	1,450,000	1.08	191,357	134,039,559	81.12

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About Conduit Re

Conduit Re is a pure play global reinsurance business based in Bermuda. The main operating entity is Conduit Reinsurance Limited, which is licensed by the Bermuda Monetary Authority as a Class 4 reinsurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of "a-" to Conduit Reinsurance Limited. The outlook assigned to these ratings is stable.

Learn more about Conduit Re:

Website: https://conduitreinsurance.com/

LinkedIn: https://www.linkedin.com/company/conduit-re

Twitter: https://twitter.com/Conduit_Re

 

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