Result of AGM

RNS Number : 7036N
Direct Line Insurance Group PLC
10 May 2018
 

2018 AGM POLL RESULTS FOR DIRECT LINE INSURANCE GROUP PLC

 

10 May 2018

  

Direct Line Insurance Group plc (the "Company") announces that all resolutions proposed to shareholders at its Annual General Meeting today were carried by the requisite majority on a poll.

 

The following table shows the votes cast for each resolution:

 

Resolution

For

% of votes cast

Against

% of votes cast

Total votes

% of issued share capital voted

Votes withheld

1.

To receive the report & accounts for the year ended 31 December 2017

1,007,524,865

99.93%

669,135

0.07%

1,008,194,000

73.32%

293,983

2.

To approve the Directors' remuneration report

766,710,834

76.58%

234,492,835

23.42%

1,001,203,669

72.81%

7,284,313

3.

To declare a final dividend of 13.6p

1,005,714,249

99.73%

2,717,960

0.27%

1,008,432,209

73.34%

55,774

4.

To re-elect Mike Biggs as a Director

985,233,917

97.78%

22,395,630

2.22%

1,007,629,547

73.28%

858,120

5.

To re-elect Paul Geddes as a Director

1,004,863,752

99.65%

3,519,598

0.35%

1,008,383,350

73.34%

87,631

6.

To re-elect Danuta Gray as a Director

993,295,387

98.50%

15,079,266

1.50%

1,008,374,653

73.34%

111,852

7.

To elect Mark Gregory as a Director

1,007,163,771

99.88%

1,202,561

0.12%

1,008,366,332

73.34%

121,651

8.

To re-elect Jane Hanson as a Director

1,005,539,581

99.72%

2,842,726

0.28%

1,008,382,307

73.34%

105,676

9.

To re-elect Mike Holliday-Williams as a Director

1,003,151,262

99.48%

5,225,649

0.52%

1,008,376,911

73.34%

111,072

10.

To elect Penny James as a Director

1,002,913,840

99.46%

5,455,315

0.54%

1,008,369,155

73.34%

118,828

11.

To re-elect Sebastian James as a Director

1,004,277,809

99.59%

4,103,638

0.41%

1,008,381,447

73.34%

106,536

12.

To elect Gregor Stewart as a Director

997,269,023

98.90%

11,102,528

1.10%

1,008,371,551

73.34%

116,422

13.

To re-elect Clare Thompson as a Director

1,001,611,876

99.33%

6,770,398

0.67%

1,008,382,274

73.34%

105,709

14.

To re-elect Richard Ward as a Director

998,982,277

99.07%

9,399,304

0.93%

1,008,381,581

73.34%

106,402

15.

To re-appoint Deloitte as auditors

989,888,182

98.17%

18,497,771

1.83%

1,008,385,953

73.34%

102,029

16.

To authorise the Audit Committee to agree the Auditor's remuneration

1,004,326,888

99.60%

4,083,367

0.40%

1,008,410,255

73.34%

77,428

17.

To authorise the Company to make political donations

961,959,449

95.82%

41,940,293

4.18%

1,003,899,742

73.01%

4,584,877

18.

To authorise the Directors to allot new shares

946,951,901

93.91%

61,435,660

6.09%

1,008,387,561

73.34%

100,422

19.

To disapply             pre-emption rights*

1,007,158,096

99.88%

1,211,111

0.12%

1,008,369,207

73.34%

117,275

20.

To further disapply           pre-emption rights in specific circumstances*

986,306,383

97.81%

22,071,594

2.19%

1,008,377,977

73.34%

110,005

21.

To authorise the Company to purchase its own shares*

994,230,912

98.61%

14,024,913

1.39%

1,008,255,825

73.33%

232,157

22.

To authorise the Directors to allot new shares in relation to an issue of Solvency II Compliant Restricted Tier 1 Capital Instruments

990,605,349

98.24%

17,789,388

1.76%

1,008,394,737

73.34%

93,245

23.

To authorise the Directors to disapply pre-emption rights in relation to an issue of Solvency II Compliant Restricted Tier 1 Capital Instruments*

993,343,466

98.51%

15,043,532

1.49%

1,008,386,998

73.34%

100,984

24.

To authorise the Company to call general meetings on 14 clear days' notice*

916,044,924

91.25%

87,869,557

8.75%

1,003,914,481

73.01%

4,573,502

 

Our 2017 Directors' remuneration report has been approved by shareholders with 76.58% of votes cast in favour of the resolution. Naturally we are disappointed not to have received a higher level of support for the resolution, but having engaged with our shareholders, we understand their specific concern. We welcome feedback from our shareholders and we will continue to actively engage with them on executive remuneration and other issues.

NOTES:

1.     * indicates a Special Resolution requiring 75% of votes cast to be carried.

2.     Votes "For" and "Against" are expressed as a percentage of votes cast.

3.     Votes "For" include discretionary votes.

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

5.     Total number of shares in issue is 1,375,000,000 ordinary shares. Ordinary shareholders are entitled to one vote per share held. 

 

6.     To view the full wording of the resolutions, please refer to the 2018 Notice of Annual General Meeting on the Company's website.

In accordance with the UK Listing Authority's Listing Rule 9.6.2, copies of all the resolutions passed other than resolutions concerning ordinary business have been submitted to the UK Listing Authority via the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.do. 

Contact:

Simon Watson

Deputy Company Secretary

Email: Simon.a.Watson@directlinegroup.co.uk

Telephone: 01651 831911

 

Sian Cotton

Assistant Company Secretary

Email: Sian.Cotton@directlinegroup.co.uk                                                            

Telephone:  01651 831681

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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