Result of AGM

RNS Number : 0749I

Stobart Group Limited

27 June 2013

 



STOBART GROUP LIMITED

('Stobart' or 'the Company')

Result of AGM

Stobart, a leading provider of multi-modal Transport, Distribution and Infrastructure services,announces that at its Annual General Meeting held at 11.30 a.m. today, each of the resolutions submitted to the meeting (as set out in the Notice of Meeting dated 24 May 2013) was proposed and passed by the appropriate majority.

The proxy votes received were as follows

	Votes in favour	Votes at Chairman's discretion	Votes against	Votes withheld	% in favour incl. Chairman's discretion but excl. withheld votes
To receive the Company's Annual Accounts and the Directors' Report, Directors' Remuneration Report and the Auditors' Report.	265,104,492	266,656	72,161	8,679	100.0%
To declare a final dividend of 4p per ordinary share.	265,162,314	246,406	39,235	4,033	100.0%
To re-elect Ben Whawell as a Director.	264,908,402	271,217	226,786	45,583	99.9%
To re-elect Andrew Tinkler as a Director.	264,528,085	269,226	605,854	48,823	99.8%
To elect William Stobart as a  Director	264,598,509	275,226	529,705	48,548	99.8%
To re-elect Rodney Baker-Bates as a Director.	252,720,633	272,717	12,311,956	146,682	95.3%
To re-elect Paul Orchard-Lisle CBE as a Director.	255,468,540	272,017	9,661,677	49,754	96.3%
To re-elect Michael Kayser as a Director.	255,049,140	271,217	10,063,740	67,891	96.2%
To re-appoint KPMG LLP as Auditors of the Company.	265,058,016	261,711	113,631	20,612	99.9%
To authorise the Directors to fix the Auditors' remuneration.	265,082,126	276,128	78,546	15,188	100.0%
To approve the Directors' Remuneration Report.	246,857,881	282,476	18,190,061	121,570	93.1%
To authorise the Directors to issue shares.	264,749,816	277,636	370,472	54,064	99.8%
To disapply pre-emption rights on the issue of shares in the Company.	264,385,851	521,675	434,631	109,831	99.8%

The Scrip Dividend Alternative was chosen in respect of 8,366,645 shares which equates to 2.41% of the Company's issued share capital (excluding treasury shares). This will result in the issue of 367,959 additional shares which equates to 0.11% of the Company's issued share capital (excluding treasury shares) prior to issue. Application has been made for the  367,959 ordinary shares of 10 pence each in the capital of the Company to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities ("Admission"). It is expected that Admission of these ordinary shares will become effective on 1 July 2013.

In accordance with DTR 5.6.1, the Company announces that following Admission of the ordinary shares of the Company referred to above, the Company's issued share capital (excluding treasury shares) will consist of 347,635,540 ordinary shares of 10 pence each with voting rights. The Company currently holds 6,693,291 ordinary shares in treasury. Therefore, the total number of voting rights in the Company will be 347,635,540. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules. michael

A copy of all the resolutions passed, other than those concerning ordinary business, has been submitted to the National Storage Mechanism and will shortly be available for inspection at: http://www.Hemscott.com/nsm.do.

ENDS

About Stobart Group

With over 5,900 employees operating from more than 50 sites across the UK and Europe, Stobart is a UK front-runner in the multimodal logistics, warehousing, civil engineering, rail infrastructure and biomass fuel sectors. At the core of the Group is the Transport and Distribution division, incorporating Eddie Stobart - the iconic name behind a huge road haulage fleet totalling some 2,400 vehicles, over 3,000 trailers and over seven million square feet of warehousing. Stobart Estates, Stobart Infrastructure and Civils, Stobart Air and Stobart Biomass divisions complete the Group's business structure.

www.stobartgroup.co.uk 

Enquiries:

Stobart Group	[phone]
Andrew Tinkler, Chief Executive Officer
Ben Whawell, Chief Financial Officer
i-nfluence Associates	[phone]
Stuart Dyble/James Andrew
Lansons Communications	[phone]
Tony Langham [e-mail]	[phone]
Anna Schirmer	[phone]

 

END

 

 

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