Result of AGM

RNS Number : 6394M
Restaurant Group PLC
24 May 2022
 

Result of AGM

Restaurant Group PLC

24 May 2022

 

 

The Restaurant Group plc (the "Company")

 

Results of 2022 AGM

 

The Annual General Meeting of The Restaurant Group plc was held on 24 May 2022.

Voting was conducted by way of a poll and all resolutions put to the Annual General Meeting were passed with the requisite majorities. Resolutions 1 to 12 (inclusive) were passed as ordinary resolutions and resolutions 13 to 17 (inclusive) were passed as special resolutions. The number of votes for and against each of the resolutions and the number of votes withheld were as follows:

 

Resolutions

Votes For

%

Votes Against

%

Total Votes Cast

Votes Withheld

1.  Report and Accounts 2021

618,082,176

99.99

50,936

0.01

618,133,112

5,475,137

2.  Directors' Remuneration Report 2021

422,023,281

67.68

201,567,586

32.32

623,590,867

17,382

3.  Re-appoint Ken Hanna as a Director

619,595,053

99.36

3,978,579

0.64

623,573,632

34,617

4.  Re-elect Andy Hornby as a Director

620,753,038

99.55

2,832,152

0.45

623,585,190

23,059

5.  Re-elect Kirk Davis as a Director

615,615,337

99.51

3,035,303

0.49

618,650,640

4,957,609

6.  Re-elect Graham Clemett as a Director

577,102,179

92.55

46,469,805

7.45

623,571,984

36,265

7.  Re-elect Alison Digges as a Director

577,662,299

92.64

45,917,491

7.36

623,579,790

28,459

8.  Re-elect Zoe Morgan as a Director

555,741,543

89.12

67,830,425

10.88

623,571,968

36,281

9.  Re-appoint Alex Gersh as a Director

603,241,921

96.74

20,328,101

3.26

623,570,022

38,227

10.  Re-appoint the Auditor

610,956,573

97.98

12,620,796

2.02

623,577,369

30,880

11.  Determine the Auditor's remuneration

583,654,519

96.32

22,297,381

3.68

605,951,900

17,656,349

12.  Authority to allot shares

601,410,859

96.45

22,116,344

3.55

623,527,203

81,046

13.  Waiver of pre-emption rights (general)

605,715,257

99.96

222,067

0.04

605,937,324

17,670,925

14.  Waiver of pre-emption rights (additional)

600,807,710

99.16

5,110,741

0.84

605,918,451

17,689,798

15.  Authority to purchase own shares

617,519,681

99.20

4,970,227

0.80

622,489,908

1,118,341

16.  Notice of General Meetings

603,071,207

96.71

20,503,588

3.29

623,574,795

33,454

17.  Cancellation of the share premium account

623,474,181

99.99

81,686

0.01

623,555,867

52,382

 

Notes:

1)  The total number of shares in issue at 24 May 2022 was 765,054,109.

2)  Where shareholders appointed the Chairman of the meeting as their proxy with discretion as to voting, those votes have been cast in favour of the resolutions and are included in the total of those votes for.

3)  Certified copies of resolutions 13 to 17 have been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

4)  A 'vote withheld' is not a vote in law and is not counted in the calculation of the proportion of votes validly cast.

We are pleased Resolution 2 to approve the Directors' Remuneration Report was passed by a clear majority. However, we recognise that despite the exercise of negative discretion to reduce Executive bonuses by 40%, a significant proportion of our shareholders did not support the resolution. We shall continue to engage with our shareholders in the coming months to better understand their concerns and how they can be taken into account as part of the normal policy review leading to the renewal of our policy at the 2023 AGM.

A copy of this announcement confirming the voting figures will be displayed shortly on the Company's website at www.trgplc.com.

For further details please contact:

MHP Communications (Financial PR adviser)

Oliver Hughes

Simon Hockridge

Tel: +44(0) 20 3128 8742

 

 

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