Result of AGM

RNS Number : 6916C

Connect Group PLC

23 January 2018

 

23 January 2018

Connect Group PLC

Result of 2018 Annual General Meeting

Connect Group PLC is pleased to announce that at its AGM held at 11.30am today, all resolutions put to the meeting were duly passed. All resolutions were voted on by way of a poll and the results of the poll for each resolution are shown below:

Resolution		For		Against		Withheld
		No. of votes	%	No. of votes	%	No. of votes
1	To receive the Annual Report and Accounts for the year ended 31 August 2017	167,115,903	99.99%	1,609	0.01%	4,491
2	To approve the directors' remuneration report for the year ended 31 August 2017	159,516,228	95.79%	7,009,953	4.21%	595,822
3	To declare a final dividend of 6.7p per share	167,116,555	100.00%	860	0.00%	4,588
4	To elect Mark Whiteling	166,824,178	99.84%	267,959	0.16%	29,866
5	To re-elect Gary Kennedy	166,742,901	99.79%	357,252	0.21%	21,849
6	To re-elect Mark Cashmore	166,802,634	99.82%	297,062	0.18%	22,307
7	To re-elect David Bauernfeind	166,788,637	99.81%	311,059	0.19%	22,307
8	To re-elect Jonathan Bunting	166,804,074	99.82%	296,109	0.18%	21,820
9	To re-elect Denise Collis	165,299,613	98.92%	1,804,399	1.08%	17,991
10	To re-appoint the auditor	166,797,854	99.82%	296,330	0.18%	27,818
11	To authorise the Audit Committee to determine the auditor's remuneration	167,037,955	99.96%	67,885	0.04%	16,163
12	Authority to make political donations	164,600,052	98.53%	2,463,977	1.47%	57,974
13	Authority to allot shares	141,811,737	84.87%	25,286,144	15.13%	24,122
14	Authority to partially disapply pre-emption rights*	139,963,935	83.79%	27,079,158	16.21%	78,910
15	Authority to disapply pre-emption rights in connection with an acquisition or specified capital investment*	141,405,092	84.65%	25,637,028	15.35%	79,882
16	Authority to make market purchases of ordinary shares*	166,729,420	99.77%	379,981	0.23%	12,601
17	Authority to call general meetings (other than the AGM) on 14 clear days' notice*	163,648,150	97.96%	3,413,037	2.04%	60,816

* Special resolution

Recognising proposed changes to the Corporate Governance Code (announced after the publication of the Annual Report and Accounts), developing market practice and following feedback from one of our major institutional shareholders, the Board has determined that future LTIP awards for Executive Directors will have a two year post-vesting holding period (of the net of tax number of shares).  The resultant five-year timeframe between the grant of an LTIP award and the first opportunity to sell the vested shares will better align the long term interests of shareholders with the interests of the Executive Directors and provide a focus on longer-term outcomes.

Notes:

1.   Where shareholders appointed the Chairman as their proxy with discretion as to voting, their votes were cast in favour of the resolutions and have been included in the "For" total.

2.   A "vote withheld" is not a vote in law and is not counted in the calculation of the percentages of the votes cast for and against a resolution.

3.   The total number of shares in issue at 6.30pm on 19 January 2018 was 247,659,200. Votes were cast in respect of 67% of the issued share capital.

In accordance with the UK Listing Authority's Listing Rule 9.6.2, a copy of the special business passed at the AGM, being resolutions 12 to 17, has been submitted to the National Storage Mechanism at www.morningstar.co.uk/uk/NSM.

Adele Duff

Deputy Company Secretary 

 

END

 

 

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