Result of AGM

RNS Number : 5240W
Drax Group PLC
17 April 2019
 

17 April 2019

Drax Group plc

(Symbol: DRX)

 

Poll Results of the Annual General Meeting

 

Drax Group plc announces the results of the voting by poll on the resolutions put to its Annual General Meeting held today, Wednesday 17 April 2019.

 

No.

 

Brief Description

Votes For

%

Votes Against

%

Votes Total

Votes Withheld

1

To receive and adopt the  Annual report and the audited accounts

298,203,436

99.98

52,694

0.02

298,256,130

1,896,896

2

To approve the annual statement to shareholders by the Chairman of the Remuneration Committee and the annual report on remuneration

242,114,746

80.67

58,033,489

19.33

300,148,235

4,792

3

To declare the final dividend of 8.5 pence per share

299,718,692

99.86

432,045

0.14

300,150,737

2,290

4

To elect Vanessa Simms as a director of the Company

299,288,484

99.72

854,339

0.28

300,142,823

10,095

5

To elect Andy Skelton as a director of the Company

296,836,219

98.90

3,306,604

1.10

300,142,823

10,095

6

To re-elect Tim Cobbold as a director of the Company

283,268,798

99.45

1,553,264

0.55

284,822,062

15,330,856

7

To re-elect Philip Cox as a director of the Company

271,373,835

95.28

13,448,240

4.72

284,822,075

15,330,842

8

To re-elect Will Gardiner as a director of the Company

299,372,150

99.74

776,465

0.26

300,148,615

4,303

9

To elect Nicola Hodson as a director of the Company

272,230,810

96.08

11,113,143

3.92

283,343,953

16,808,965

10

To re-elect Andy Koss as a director of the Company

298,771,885

99.54

1,378,319

0.46

300,150,204

2,714

11

To elect David Nussbaum as a director of the Company

283,265,485

99.45

1,555,577

0.55

284,821,062

15,331,856

12

To re-elect Tony Thorne as a director of the Company

283,267,989

99.45

1,555,087

0.55

284,823,076

15,329,842

13

To re-appoint Deloitte LLP as auditor

288,369,385

96.55

10,295,550

3.45

298,664,935

1,488,091

14

Authority to determine auditor's remuneration

294,883,991

98.25

5,258,008

1.75

300,141,999

11,028

15

Authority to make EU political donations to a specified limit

166,635,963

58.23

119,520,040

41.77

286,156,003

13,997,023

16

Authority to allot shares

297,299,575

99.05

2,842,145

0.95

300,141,720

11,307

17

Authority to make non pre-emptive share allotments

300,099,658

99.99

40,011

0.01

300,139,669

13,358

18

Authority to purchase own shares

296,031,509

98.82

3,541,542

1.18

299,573,051

579,975

19

Authority to call a General Meeting on not less than 14 days' notice

293,361,544

97.74

6,784,594

2.26

300,146,138

6,780

 

Resolutions 1 to 19 were carried.

 

The total number of voting rights in the Company is 394,092,649.

 

At the 2019 AGM, 41.77% of votes cast by our shareholders were against Resolution 15, the authority relating to political donations1. It is not the policy of the Group to make donations to any political party, nor do we provide financial support to further the aims of any political group or party. In the lead up to the AGM, we engaged with shareholders on this issue and have reviewed the feedback. We appreciate the time given and comments offered which have provided us with a clearer understanding of shareholder views.

 

As part of our approach to stakeholder engagement, we believe that it is in the best interests of the Company to listen and participate in public debate and opinion-forming on matters which affect the Company's business. We will continue to engage with shareholders, to help formulate our approach to such engagement going forward, and explain why the Board considers the resolution to be in the best interests of the company and our shareholders.

 

 

 

Brett Gladden

Company Secretary

Drax Group plc

 

 

END

 

 

1 responding to the restrictions imposed by the Political Parties, Elections and Referendums Act 2000 on companies making donations to EU political organisations or incurring political expenditure without shareholder consent.


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END
 
 
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