Result of AGM

Ricardo PLC

17 November 2023

 

Ricardo plc

Result of AGM

17^th November 2023

Ricardo plc - Results of Annual General Meeting

Ricardo plc announces that all resolutions proposed at its Annual General Meeting held on 16^th November 2023 at 10.00am were duly passed.

Results of the Poll taken, are set out below:

A vote withheld is not a vote in law and is not counted in the calculation of proportion of votes "For" or "Against" a resolution.

						Issued Share Capital:	62,218,280
		VOTES FOR	%	VOTES AGAINST	%	VOTES TOTAL	% of ISC VOTED	WITHHELD VOTES
1	To receive the Annual Report and Accounts	48,906,373	99.99%	2,670	0.01%	48,909,043	78.61%	11,027
2	To approve final dividend	48,774,061	100.00%	1,670	0.00%	48,775,731	78.39%	144,339
3	To re-appoint Auditors	48,765,764	99.98%	8,768	0.02%	48,774,532	78.39%	145,538
4	To fix Auditor's Remuneration	48,909,899	99.99%	6,168	0.01%	48,916,067	78.62%	4,003
5	To re-elect Judith Cottrell as a Director	48,769,278	99.99%	3,670	0.01%	48,772,948	78.39%	147,122
6	To re-elect Graham Ritchie as a Director	47,096,300	96.56%	1,675,580	3.44%	48,771,880	78.39%	148,190
7	To re-elect Mark Clare as a Director	46,448,293	95.23%	2,324,655	4.77%	48,772,948	78.39%	147,122
8	To re-elect Laurie Bowen as a Director	48,398,539	99.24%	371,346	0.76%	48,769,885	78.39%	150,185
9	To re-elect Jack Boyer as a Director	48,398,539	99.24%	371,346	0.76%	48,769,885	78.39%	150,185
10	To re-elect Russell King as a Director	39,624,250	81.24%	9,148,135	18.76%	48,772,385	78.39%	147,685
11	To re-elect Malin Persson as a Director	38,463,842	78.87%	10,306,043	21.13%	48,769,885	78.39%	150,185
12	To re-elect William Spencer as a Director	48,396,749	99.23%	373,136	0.77%	48,769,885	78.39%	150,185
13	To approve the directors' remuneration report	47,457,971	97.31%	1,312,134	2.69%	48,770,105	78.39%	149,965
14	To approve the directors' remuneration policy	37,722,908	77.12%	11,191,768	22.88%	48,914,676	78.62%	5,394
15	To approve the amendments to the rules of the Ricardo plc 2020 Long Term Incentive Plan	39,017,912	79.77%	9,896,839	20.23%	48,914,751	78.62%	5,319
16	To renew the authority to allot the relevant securities	48,763,010	99.98%	11,374	0.02%	48,774,384	78.39%	145,686
17	To display Pre-Emption Provisions	48,622,300	99.40%	294,903	0.60%	48,917,203	78.62%	2,867
18	To Authorise Company to Purchase own Shares	48,132,611	99.98%	9,539	0.02%	48,142,150	77.38%	777,920
19	To Convene Meetings on 14 days' notice	48,740,086	99.64%	178,064	0.36%	48,918,150	78.62%	1,920

The total number of ordinary shares in issue as at 16^th November 2023 was 62,218,280, of these 48,920,070 including votes withheld (78.63%) were voted.

The Board acknowledges that 21.13% of the votes cast in respect of Resolution 11, (to re-elect Malin Persson as an Director of the Company), 22.88% of the votes cast in respect of Resolution 14, (to approve the Directors' Remuneration Policy) and 20.23% of the votes cast in respect of Resolution 15 (to amend the Long-Term Incentive Plan) were against the Resolutions.

With respect to Resolution 14 and 15 the Board recommended the new Policy to shareholders as it reinforces the five-year strategic plan of the Company.

The Company will reach out to the shareholders who voted against the Resolution(s) to further understand their position.

In accordance with Listing Rule 9.6.2R, a copy of the resolutions, other than those concerning ordinary business, passed by the Company at the AGM held on 16^th November 2023 has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

A copy of the voting results shown above will also be made available on the Company's website at www.ricardo.com/en/investors/shareholder-centre/agm

The Ricardo plc LEI number is 213800ZNYAY35F4XB814

For further information contact: Harpreet Sagoo, General Counsel and Company Secretary, at [e-mail]

 

END