Result of AGM

RNS Number : 6452J

Stobart Group Limited

29 June 2017

 

29 June 2017

STOBART GROUP LIMITED

('Stobart' or 'the Group')

Result of AGM

Stobart Group Ltd, the Infrastructure and Support Services Group, announces that at its Annual General Meeting, held at 12.00 noon today, all resolutions proposed to the Meeting (as set out in the Notice of Meeting) were passed on a show of hands.

 Details of proxy voting instructions lodged prior to the meeting are set out below:

Resolution	For (number of votes)	Discretion (number of votes)	Against (number of votes)	Abstentions (number of votes)	% in favour incl. Chairman's discretion but excl. withheld votes
1.  To receive the Company's Annual Accounts, Directors' Report and Auditor's Report.	294,970,756	216,774	1,135,403	681,435	99.62
2. To declare a final dividend of 4.5p per ordinary share.	296,791,871	211,943	0	556	100.00
3. To re-elect Iain Ferguson CBE as a Director.	287,182,346	238,274	9,568,271	15,478	96.78
4. To re-elect Andrew Tinkler as a Director.	296,575,170	216,024	196,698	16,478	99.93
5. To re-elect Andrew Wood as a Director.	288,780,786	244,274	7,958,910	20,400	97.32
6. To re-elect John Coombs as a Director.	288,792,076	241,873	7,950,021	20,400	97.32
7. To re-elect John Garbutt as a Director.	274,987,314	245,074	21,751,580	20,400	92.68
8. To approve the appointment of Warwick Brady as Director.	296,521,550	248,031	209,288	25,501	99.93
9. To re-appoint KPMG LLP as Auditors of the Company.	296,388,204	214,774	386,751	14,641	99.87
10.To authorise the Directors to agree the Auditor's remuneration.	296,728,530	238,609	24,806	12,425	99.99
11.To approve the Directors' Remuneration Report.	284,968,685	253,612	11,040,071	741,999	96.27
12.To approve the Directors' Remuneration Policy.	282,916,269	254,237	4,921,948	8,911,914	98.29
13.To approve the alignment of EPS measurement period with TSR measurement period.	264,937,961	262,752	31,695,917	107,740	89.32
14.To approve the amendments to the Long Term Incentive Plan.	295,532,074	248,245	1,099,219	124,831	99.63
15.To authorise the allotment of shares.	296,619,592	262,248	60,926	61,604	99.98
16.To approve and adopt the Amended Articles of Incorporation.	286,752,236	297,411	389,254	9,565,467	99.86
17.To disapply pre-emption rights on the issue of shares in the Company.	296,484,992	295,438	114,959	108,981	99.96
18.To authorise purchase of own shares.	295,596,652	290,311	1,076,746	40,429	99.64

The number of ordinary shares in issue (excluding treasury shares) on 29 June 2017 was 350,628,831. A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes validly cast.

Resolutions 16, 17 and 18 inclusive were passed as special resolutions.  A copy of all the resolutions passed, other than those concerning ordinary business, has been submitted to the National Storage Mechanism and will shortly be available for inspection at: http://www.Hemscott.com/nsm.do.

Enquiries:

Stobart Group Limited	C/o Redleaf Communications
Andrew Tinkler, Chief Executive Officer
Redleaf Communications	[phone]
Charlie Geller Sam Modlin	[e-mail]
Influence Associates	[phone]
Stuart Dyble James Andrew

 

END

 

 

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