Result of AGM

QinetiQ Group plc
20 July 2023
 

QINETIQ GROUP PLC

 

20 July 2023

 

QINETIQ GROUP PLC

(i)       Results of Annual General Meeting held on 20 July 2023

 

Poll Results of Annual General Meeting

QinetiQ Group plc ('QinetiQ') announces that all resolutions proposed at its Annual General Meeting ('AGM') held on 20 July 2023 were duly passed with the requisite majorities and the results of the poll are as follows:

 

 

 

VOTES FOR

%

VOTES AGAINST

%

TOTAL VOTES VALIDLY CAST

% OF SHARE CAPITAL WITH VOTING RIGHTS

VOTES WITHHELD

1

To receive the Report and Accounts

477,859,142

99.87

622,292

0.13

478,481,434

82.67%

3,921,340

2

To approve the Directors' Remuneration Report

414,786,551

85.99

67,584,010

14.01

482,370,561

83.35%

32,213

3

To approve the Directors' Remuneration Policy

406,828,507

84.34

75,547,245

15.66

482,375,752

83.35%

26,105

4

To declare a final dividend

482,352,060

99.99

30,986

0.01

482,383,046

83.35%

17,101

5

To elect Steve Mogford

480,008,733

99.52

2,338,182

0.48

482,346,915

83.34%

51,978

6

To re-elect Carol Borg

480,780,895

99.67

1,579,028

0.33

482,359,923

83.34%

38,970

7

To re-elect Shonaid Jemmett-Page

471,845,236

97.82

10,508,193

2.18

482,353,429

83.34%

45,464

8

To re-elect Neil Johnson

364,863,228

75.89

115,895,693

24.11

480,758,921

83.07%

1,639,972

9

To re-elect General Sir Gordon Messenger

474,348,876

98.34

8,005,070

1.66

482,353,946

83.34%

44,947

10

To re-elect Lawrence Prior III

453,770,753

94.07

28,581,503

5.93

482,352,256

83.34%

46,465

11

To re-elect Susan Searle

471,020,464

97.65

11,330,293

2.35

482,350,757

83.34%

48,136

12

To re-elect Steve Wadey

481,618,537

99.84

747,851

0.16

482,366,388

83.35%

32,219

13

To re-appoint Pricewaterhouse-Coopers LLP as auditor

480,614,827

99.64

1,737,277

0.36

482,352,104

83.34%

31,273

14

To authorise the Audit Committee to determine the remuneration of the auditor

482,216,390

99.97

148,995

0.03

482,365,385

83.35%

33,508

15

To authorise the Company and its subsidiaries to make political donations

471,922,223

98.10

9,142,722

1.90

481,064,945

83.12%

1,335,928

16

To approve the Annual Bonus Plan

480,565,057

99.62

1,809,577

0.38

482,374,634

83.35%

24,559

17

To approve the Long-term Performance Award Plan

428,346,989

88.80

54,023,733

11.20

482,370,722

83.35%

32,052

18

To authorise the Directors to allot new shares

477,119,675

98.91

5,246,192

1.09

482,365,867

83.35%

 

        33,026

19

To disapply pre-emption rights (standard)*

481,507,578

99.83

829,441

0.17

482,337,019

83.34%

61,874

20

To disapply pre-emption rights (acquisitions)*

480,349,180

99.59

1,986,401

0.41

482,335,581

83.34%

60,117

21

To authorise the purchase of own shares*

479,202,807

99.63

1,776,078

0.37

480,978,885

83.11%

1,420,008

22

Notice period for General Meetings*

470,138,984

97.47

12,212,501

2.53

482,351,485

83.34%

44,604

*Special Resolution

 

 

 

 

Notes:

1.     The percentages above are rounded to two decimal places.

2.     Votes "for" include discretionary votes.

3.     A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "for" and "against" a resolution.

4.     The number of ordinary shares in issue at 11.00 am on 20 July 2023 was 578,757,121 of which none are held in treasury. Therefore the number of ordinary shares with voting rights at 11:00am on 20 July 2023 was 578,757,121.

 

Resolution 8

Whilst Resolution 8, to re-elect Neil Johnson, was passed with a clear majority, the Board recognises that there was also a significant vote against this resolution. The Board will seek to engage with those shareholders who voted against this resolution to address their concerns.

 

The Board unanimously supports the Chair's re-election. We will continue to engage with shareholders and will publish an update in accordance with the UK Corporate Governance Code, within six months of the AGM with a final summary provided in the Company's next Annual Report.

 

 

In accordance with Listing Rule 9.6.2R, a copy of the resolutions, other than those concerning ordinary business, passed by the Company at the AGM held on 20 July 2023, has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

 

 

For further information please contact:

 

John Haworth, Group Director Investor Relations:                       +44 (0) 7920 545841

Lindsay Walls, Group Director Communications:                         +44 (0) 7793 427582

James Field, Company Secretary:                                              +44 (0) 7841 662957

 

LEI: 213800S8OBDOZMCMUW34

 

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