Notice of Results

RNS Number : 2344Q

QinetiQ Group plc

30 July 2010

 



QinetiQ Group plc 

30 July 2010

QINETIQ GROUP PLC - Results of General Meeting held on 29 July 2010

Results of Poll

Resolution was passed. 

RESOLUTION	Votes For	% Votes For	Votes Against	% Votes Against	Total Votes Cast	Number Votes Withheld
1.   Approval of Value Sharing Plan	384,225,071	89.58	44,695,997	10.42	428,921,068	1,348,286

Please note that a vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "for" or "against" a resolution.

The full text of the Ordinary Resolution passed at the General Meeting is as follows:

Resolution 1

1.   That :

a.         the rules of the QinetiQ Value Sharing Plan ("VSP"), in the form produced at the GM and initialled by the Chairman of the GM for the purposes of identification, be and are hereby approved;

b.         the directors of the Company be and are hereby authorised to do all acts and things which they may consider necessary or expedient for the purposes of implementing and giving effect to the VSP including making any changes to the rules of the VSP necessary or desirable provided that such changes do not conflict wit the summary in this Notice of GM to any material extent; and

c.         the directors of the Company be and are hereby authorised to add such number of sub-plans or appendices to the VSP for the benefit of employees of the Company and/or its subsidiaries who are located outside the United Kingdom, with such modifications as may be necessary or desirable in order to take account of local tax, exchange control or securities laws as they consider appropriate subject, however, to the conditions that:

i.          any ordinary shares made available under such other sub-plans or appendices shall be treated as counting against any individual  or overall limits contained in the VSP; and

ii.          the benefits conferred by and limitations contained in such other sub-plans or appendices shall ensure, so far as the directors consider practicable, that the participants obtain substantially no greater benefit (before tax) than employees may obtain from participating in the VSP.

END

 

END

 

 

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