Result of AGM

RNS Number : 0954C

Watches of Switzerland Group PLC

14 October 2020

 

14 October 2020

Watches of Switzerland Group PLC

Result of AGM held on 14^th October 2020

The Board is pleased to announce that all of the resolutions set out in the Company's notice of AGM dated 14 September 2020 were voted on by way of a poll and were passed.  

The final voting figures are shown below.

Resolution	Total Votes cast	For		Against		Withheld
	Number	Number	%	Number	%	Number
1.  To receive the Strategic Report, Directors' Report and the financial statements for the financial year ended 26 April 2020 together with the report of the auditor.	211,406,887	211,406,887	100.00%	0	0.00%	0
2.  To approve the Directors' Remuneration Report	211,406,887	210,086,289	99.38%	1,320,598	0.62%	0
3.  To re-elect Brian Duffy as a director	211,406,887	208,087,940	98.43%	3,318,947	1.57%	0
4.  To re-elect Anders Romberg as a director	211,406,887	208,087,940	98.43%	3,318,947	1.57%	0
5.  To re-elect Tea Colaianni as a director	211,406,887	210,540,296	99.93%	152,519	0.07%	714,072
6.  To re-elect Rosa Monckton as a director	211,406,887	211,406,887	100.00%	0	0.00%	0
7.  To re-elect Robert Moorhead as a director	211,406,887	211,406,887	100.00%	0	0.00%	0
8.  To re-elect Fabrice Nottin as a director	211,406,887	207,786,977	98.29%	3,619,910	1.71%	0
9.  To re-appoint Ernst & Young LLP as Auditors	211,406,887	211,406,887	100.00%	0	0.00%	0
10. To authorise the directors to determine the remuneration of the Auditors	211,406,887	211,406,887	100.00%	0	0.00%	0
11.  To give authority to the directors to allot shares	211,406,887	211,290,766	99.95%	116,121	0.05%	0
12. To give authority to the Company to make political donations or expenditure	211,406,887	204,451,978	99.29%	1,459,628	0.71%	5,495,281
13. To disapply pre-emption rights	211,406,887	211,405,337	100.00%	1,550	0.00%	0
14. To disapply pre-emption rights in connection with an acquisition or other capital investment	211,406,887	211,405,337	100.00%	1,550	0.00%	0
15. Notice of general meetings	211,406,887	210,408,131	99.53%	998,756	0.47%	0

When the AGM notice was approved for release to shareholders Jewel Holdco S.à r.l.was a controlling shareholder. However, they notified us that on 17^th September 2020 their interest in the company's shares reduced to 28.3%. They therefore ceased to be a controlling shareholder before the AGM voting closed. Consequently we are not able to provide the votes on resolutions 5,6 and 7 (the election of the independent non-executive directors) excluding the controlling shareholder as there is no controlling shareholder to exclude.

As at the date of the AGM, the number of issued shares and total voting rights of the Company was 239,455,554. The Company's Articles of Association set out that every member who is present in person or by proxy shall have one vote for every share of which he is the holder on a poll. The scrutineer of the poll was Equiniti Limited.

In accordance with Listing Rule 9.6.2, Watches of Switzerland Group PLC will submit a copy of the resolutions dealing with the AGM special business approved today to the National Storage Mechanism and these will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

For further information, please visit our website [e-mail] or contact:

The Watches of Switzerland Group

· Paul Eardley (Company Secretary)    [phone]

 

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