Result of Annual General Meeting

On the Beach Group PLC

26 January 2024

 

26 January 2024

On The Beach Group plc (the "Company")

Result of Annual General Meeting

The Board of the Company announces that at its Annual General Meeting ("AGM") held today, all the resolutions considered at the AGM were duly passed by the required majority by means of a poll vote.

Banking Facility Update

Further to On the Beach's year to date trading update (FY24) published today, it has today exercised a £25m accordion pursuant to its existing revolving credit facility ("RCF") agreement. This is in order to support additional volumes in a growing market and is expected to remain in place for up to 18 months.

The results of the poll votes on the AGM resolutions are shown in the table below:

	Resolution	Votes for		Votes against		Total votes cast (excl. withheld)	Votes withheld
		No. of votes	% of  vote	No. of votes	% of vote	No. of votes	No. of votes
1.	To receive the report & accounts	110,634,124	99.99	5,569	0.01	110,639,693	510,036
2.	To approve the Directors' remuneration report	100,721,123	92.78	7,840,165	7.22	108,561,288	2,588,441
3.	To re-appoint Richard Pennycook	108,284,048	97.87	2,355,013	2.13	110,639,061	510,668
4.	To re-appoint Simon Cooper as a Director	109,633,735	98.65	1,505,275	1.35	111,139,010	10,719
5.	To re-appoint Shaun Morton	109,638,686	98.65	1,503,058	1.35	111,141,744	7,985
6.	To re-appoint David Kelly as a Director	110,297,705	99.24	844,038	0.76	111,141,743	7,986
7.	To re-appoint Elaine O'Donnell as a director	110,296,905	99.24	844,838	0.76	111,141,743	7,986
8.	To re-appoint Justine Greening as a director	105,300,501	94.75	5,840,253	5.25	111,140,754	8,975
9.	To appoint Zoe Harris as a director	109,637,886	98.65	1,503,858	1.35	111,141,744	7,985
10.	To appoint Veronica Sharma as a director	111,135,375	99.99	6,369	0.01	111,141,744	7,985
11.	To appoint Jon Wormald as a director	109,633,735	98.65	1,505,275	1.35	111,139,010	10,719
12.	To re-appoint Ernst & Young LLP as auditors	110,631,183	99.54	508,458	0.46	111,139,641	10,088
13.	To authorise the directors to determine the auditor's remuneration	111,136,599	99.99	5,776	0.01	111,142,375	7,354
14.	To authorise the directors to allot shares	107,246,402	96.50	3,893,239	3.50	111,139,641	10,088
15.	To authorise political donations	109,824,103	98.81	1,318,272	1.19	111,142,375	7,354
16.	To dis-apply statutory pre-emption rights	110,467,127	99.40	670,183	0.60	111,137,310	12,419
17.	To dis-apply statutory pre-emption rights (acquisition or capital investment)	109,212,748	98.27	1,924,562	1.73	111,137,310	12,419
18.	To authorise the purchase of own shares	110,619,019	99.55	503,356	0.45	111,122,375	27,354
19.	To reduce the notice period required for General Meetings	109,536,124	98.56	1,601,816	1.44	111,137,940	11,789

Notes:

1.     A 'Vote withheld' is not a vote in law and is not counted in the calculation of the proportion of the votes 'For' and 'Against' any resolution.

2.     The Company's total ordinary shares in issue (total voting rights) as at the date of the AGM was 166,718,520 ordinary shares of £0.01 each. Ordinary shareholders are entitled to one vote per ordinary share held.

3.     Resolutions 16 to 19 were passed as special resolutions.

4.     In accordance with paragraph 9.6.2 of the LSE Listing Rules, a copy of the resolutions passed as special business at the AGM have been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

For further information: On the Beach Group plc Shaun Morton, Chief Executive Officer Jon Wormald, Chief Financial Officer Kirsteen Vickerstaff, Company Secretary	c/o FTI Consulting
FTI Consulting Alex Beagley Fiona Walker Harriet Jackson	Tel: [phone]

 

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