Result of AGM

RNS Number : 6588A
Compass Group PLC
03 February 2022
 

Legal Entity Identifier (LEI) No. 2138008M6MH9OZ6U2T68

 

 

COMPASS GROUP PLC 

 

ANNUAL GENERAL MEETING - 3 FEBRUARY 2022: POLL RESULTS

 

The Compass Group PLC Annual General Meeting was held on Thursday 3 February 2022. All resolutions were decided on a poll and all resolutions proposed at the Meeting were passed. 

 

The number of votes for and against each of the resolutions, and the number of votes withheld are set out below:

 


Details

No. of Votes 'For' & 'Discretionary

%

No. of Votes

%

Total No. of


No. of 

Res

'Against'

Votes Cast

% capital voted

Votes

No




Withheld

1

Receive and adopt the Annual Report and Accounts

1,465,155,789

99.98

361,625

0.02

1,465,517,414

82.14%

10,425,407

2

Receive and adopt the Remuneration Policy

973,341,831

67.50

468,571,337

32.50

1,441,913,168

80.81%

34,029,557

3

Receive and adopt the Directors' Remuneration Report

1,288,670,998

87.98

176,100,487

12.02

1,464,771,485

82.09%

11,171,239

4

Declare a final dividend

1,474,047,821

99.87

1,875,838

0.13

1,475,923,659

82.72%

20,652

5

Elect Palmer Brown

1,471,551,845

99.71

4,321,236

0.29

1,475,873,081

82.72%

69,644

6

Elect Arlene Isaacs-Lowe

1,474,369,104

99.90

1,499,614

0.10

1,475,868,718

82.72%

74,007

7

Elect Sundar Raman

1,468,423,573

99.50

7,445,889

0.50

1,475,869,462

82.72%

73,263

8

Re-elect Ian Meakins

1,448,467,541

98.52

21,817,034

1.48

1,470,284,575

82.40%

5,658,150

9

Re-elect Dominic Blakemore

1,464,909,358

99.26

10,967,700

0.74

1,475,877,058

82.72%

65,667

10

Re-elect Gary Green

1,475,419,211

99.97

450,389

0.03

1,475,869,600

82.72%

73,125

11

Re-elect Carol Arrowsmith

1,454,102,104

98.53

21,767,496

1.47

1,475,869,600

82.72%

73,221

12

Re-elect Stefan Bomhard

1,460,046,964

99.34

9,633,804

0.66

1,469,680,768

82.37%

6,261,957

13

Re-elect John Bryant

1,440,072,038

97.57

35,794,372

2.43

1,475,866,410

82.72%

75,678

14

Re-elect Anne-Francoise Nesmes

1,466,193,491

99.34

9,673,702

0.66

1,475,867,193

82.72%

75,508

15

Re-elect Nelson Silva

1,468,445,428

99.50

7,421,620

0.50

1,475,867,048

82.72%

75,677

16

Re-elect Ireena Vittal

1,203,513,173

89.06

147,778,352

10.94

1,351,291,525

75.73%

124,650,602

17

Re-appoint KPMG LLP as Company's auditors

1,469,094,407

99.54

6,821,199

0.46

1,475,915,606

82.72%

26,523

18

Authorise the Audit Committee to agree the Auditor's remuneration

1,475,323,216

99.96

593,453

0.04

1,475,916,669

82.72%

28,283

19

Political donations

1,390,481,392

94.24

84,935,954

5.76

1,475,417,346

82.69%

527,163

20

Authority to allot shares

1,348,686,832

91.38

127,220,675

8.62

1,475,907,507

82.72%

36,112

21

Authority to allot shares for cash*

1,403,219,047

95.18

71,033,675

4.82

1,474,252,722

82.63%

1,689,407

22

Additional authority to allot shares for cash in limited circumstances*

1,385,161,829

93.96

89,090,893

6.04

1,474,252,722

82.63%

1,689,407

23

Authority to purchase shares*

1,456,029,607

98.81

17,498,118

1.19

1,473,527,725

82.59%

2,415,894

24

Reduce general meeting notice periods*

1,375,578,022

93.20

100,337,900

6.80

1,475,915,922

82.72%

27,095

* Passed as a special resolution.

 

The Board of Compass Group PLC is pleased to note that all resolutions were passed at today's AGM and we welcome the substantial support of the Company's shareholders for all the resolutions proposed.

 

In respect of the proposed changes to our Remuneration Policy (Resolution 2), the Board was pleased that over two-thirds of shareholders were supportive of the new Remuneration Policy. The Board acknowledges that some shareholders did not vote in favour of this resolution, i.e., to align the quantum of LTIP awards for executive directors to bring our remuneration to market levels, to increase the level of shareholding requirement for executive directors and to introduce the mandatory deferral of a proportion of annual bonus earned by executive directors in future. In developing the Remuneration Policy, the Remuneration Committee consulted extensively with our largest shareholders, investor representative groups and proxy agencies. The Remuneration Committee received helpful feedback during that engagement process, including indications of support from the majority of those consulted.

 

For the reasons set out in the Annual Report, the Remuneration Committee continues to believe that the new Remuneration Policy is balanced and is fully aligned to the interests of Compass and our shareholders. Accordingly, the new Remuneration Policy will take effect for three years and will be implemented by the Remuneration Committee.

 

However, we remain committed to an open and transparent dialogue with our shareholders, and so we will seek to engage further with shareholders to understand their concerns. We will publish an update on this engagement within six months of the AGM.

 

Votes 'withheld' have not been included in the calculation of whether a resolution is carried. Percentages have been rounded to two decimal places.

 

A copy of the above results will shortly be available in the investor section of the Company's website

www.compass-group.com .

 

A copy of all of the Resolutions passed, will be submitted to the National Storage Mechanism and in due course will be available to view at https://data.fca.org.uk/#/nsm/nationalstoragemechanism   .

 

As at the close of business on 1 February 2022, the issued share capital was 1,785,403,977 ordinary shares of 11 1/20 pence each of which 1,148,924 were held as treasury shares and the total number of voting rights in respect of these ordinary shares (excluding treasury shares) was 1,784,255,053 each ordinary share having one vote.

 

 

ENDS

 

 

Enquiries:   Alison Yapp, Group General Counsel & Company Secretary

 

Investors/Analysts:    Agatha Donnelly

 

 

 

 

 

Note to Editors: Compass Group PLC is a world leading food service company, which generated annual revenues of £18.1 billion in the year to 30 September 2021.  It operates in 45 countries and employs and engages around 480,000 people. The Company specialises in providing food and a range of support services across the core sectors of Business & Industry, Healthcare & Senior Living, Education, Sports & Leisure and Defence, Offshore & Remote, with an established brand portfolio.

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