Result of AGM

Network International Holdings PLC

18 May 2023

 

Network International Holdings Plc

Results of Annual General Meeting 18 May 2023

Network International Holdings Plc (LSE: NETW) (the "Company"), the leading enabler of digital commerce across the Middle East and Africa (MEA), announces that its Annual General Meeting held at 11:00 am on Thursday, 18 May 2023 was successfully concluded. All Resolutions were duly passed by way of a poll.

THE COMPANIES ACT 2006

NETWORK INTERNATIONAL HOLDINGS PLC

(A company limited by shares incorporated under the laws of England and Wales)

RESOLUTIONS PASSED AT THE ANNUAL GENERAL MEETING OF NETWORK INTERNATIONAL HOLDINGS PLC (THE "COMPANY") HELD IN PHYSICAL AND ELECTRONIC MODE AT THE LINCOLN CENTRE, 18 LINCOLN'S INN FIELDS, LONDON, WC2A 3ED, UNITED KINGDOM AT 11:00 AM ON THURSDAY, 18 MAY 2023

Resolutions 1 to 16 (inclusive) were proposed and passed as ORDINARY RESOLUTIONS and Resolutions 17 to 20 (inclusive) were proposed and passed as SPECIAL RESOLUTIONS on a poll, and received the following votes:

	Resolutions passed	Votes "For"	Votes "For" %	Votes "Against"	Votes "Against" %	Votes  Total	% of Issued Share Capital Voted	Votes "Withheld"
ORDINARY RESOLUTIONS:
1	To receive the annual report and accounts of the Company for the year ended 31 December 2022.	257,992,486	100.00	0	0.00	257,992,486	47.98%	941
2	To approve the directors' remuneration report for the financial year ended 31 December 2022.	257,545,534	99.83	447,892	0.17	257,993,426	47.98%	1
3	To approve the director's remuneration policy.	247,687,699	96.70	8,448,076	3.30	256,135,775	47.63%	1,857,652
4	To re-elect Sir Rohinton Kalifa, OBE as a director.	248,762,581	96.42	9,229,905	3.58	257,992,486	47.98%	941
5	To re-elect Nandan Mer as a director.	257,244,975	99.71	747,511	0.29	257,992,486	47.98%	941
6	To re-elect Darren Pope as a director.	254,275,990	98.56	3,716,496	1.44	257,992,486	47.98%	941
7	To re-elect Anil Dua as a director.	257,244,975	99.71	747,511	0.29	257,992,486	47.98%	941
8	To re-elect Victoria Hull as a director.	245,163,355	95.03	12,829,130	4.97	257,992,485	47.98%	942
9	To re-elect Rohit Malhotra as a director.	256,656,654	99.48	1,335,832	0.52	257,992,486	47.98%	941
10	To re-elect Habib Al Mulla as a director.	254,275,990	98.56	3,716,496	1.44	257,992,486	47.98%	941
11	To re-elect Diane Radley as a director.	249,423,754	96.68	8,568,732	3.32	257,992,486	47.98%	941
12	To re-elect Monique Shivanandan as a director.	257,213,675	99.70	778,811	0.30	257,992,486	47.98%	941
13	To re-appoint KPMG LLP as auditors until the conclusion of the next annual general meeting at which the accounts are laid.	257,992,142	100.00	344	0.00	257,992,486	47.98%	941
14	To authorise the audit committee for and on behalf of the board to determine the remuneration of the auditors.	257,992,486	100.00	0	0.00	257,992,486	47.98%	941
15	To grant authority to make political donations.	255,132,046	98.89	2,861,381	1.11	257,993,427	47.98%	0
16	To grant Authority to allot shares.	255,818,437	99.16	2,174,049	0.84	257,992,486	47.98%	941
SPECIAL RESOLUTIONS:
17	To grant general authority to dis-apply pre-emption rights.	257,746,096	99.96	94,090	0.04	257,840,186	47.95%	153,241
18	To grant additional authority to dis-apply pre-emption rights.	257,528,817	99.82	463,669	0.18	257,992,486	47.98%	941
19	To authorise market purchase of own shares.	257,992,486	100.00	941	0.00	257,993,427	47.98%	0
20	To authorise that a general meeting (other than an annual general meeting) may be called on not less than 14 clear days' notice.	257,033,440	99.63	959,046	0.37	257,992,486	47.98%	941

Notes:

1.            Details of the resolutions are set out in the Notice of Annual General Meeting dated 12 April 2023 (which is available on the Company's website at https://investors.networkinternational.ae/).

2.            Resolutions 1 to 16 were ordinary resolutions, requiring more than 50% of shareholders' votes to be cast in favour of the resolutions. Resolutions 17 to 20 were special resolutions, requiring at least 75% of shareholders' votes to be cast in favour of the resolutions.

3.          There were 532,748,593 ordinary shares in issue all of which had the right to vote. These do not include 5,000,000 ordinary shares held in treasury.

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.        In accordance with Listing Rules 9.6.2R and 9.6.3R, copies of the resolutions numbered 17, 18, 19 and 20 will be submitted to the National Storage Mechanism as soon as practicable and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. A copy of the resolutions may also be obtained from the Notice of Meeting which is available on the Company's website at https://investors.networkinternational.ae/.

Jaishree Razzaq

Chief Risk Officer & Group Company Secretary

Network International Holdings Plc

Investor Relations enquiries

Network International                                                                         [e-mail]

Amie Gramlick, Head of Investor Relations                                                                            

Media enquiries

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Andy Parnis, Anthony Di Natale

 

END