Result of AGM

RNS Number : 7144O

Connect Group PLC

31 January 2019

 

31 January 2019

 

Connect Group PLC

Result of 2019 Annual General Meeting

Connect Group PLC is pleased to announce that at its AGM held at 11.30am today, all resolutions put to the meeting were duly passed. All resolutions were voted on by way of a poll and the results of the poll for each resolution are shown below:

Resolution		For		Against		Withheld
		No. of votes	%	No. of votes	%	No. of votes
1	To receive the Annual Report and Accounts for the year ended 31 August 2018	146,541,027	99.98%	32,383	0.02%	11,573
2	To approve the directors' remuneration report for the year ended 31 August 2018	144,131,838	99.71%	424,137	0.29%	2,029,008
3	To elect Jos Opdeweegh	146,318,818	99.84%	238,175	0.16%	27,990
4	To elect Michael Holt	146,319,878	99.84%	232,942	0.16%	32,163
5	To elect Tony Grace	146,203,346	99.76%	348,792	0.24%	32,845
6	To re-elect Gary Kennedy	113,655,684	78.00%	32,059,126	22.00%	870,172
7	To re-elect Jonathan Bunting	146,192,837	99.76%	358,999	0.24%	33,147
8	To re-elect Denise Collis	146,304,866	99.83%	250,989	0.17%	29,128
9	To re-elect Mark Whiteling	146,223,678	99.78%	322,273	0.22%	39,032
10	To re-appoint the auditor	146,074,375	99.74%	383,906	0.26%	126,701
11	To authorise the Audit Committee to determine the auditor's remuneration	146,434,951	99.91%	129,415	0.09%	20,617
12	Authority to make political donations	139,077,737	94.96%	7,389,083	5.04%	118,163
13	Authority to allot shares	121,628,759	83.00%	24,911,086	17.00%	45,138
14	Authority to partially disapply pre-emption rights*	121,598,640	82.98%	24,939,952	17.02%	46,391
15	Authority to disapply pre-emption rights in connection with an acquisition or specified capital investment*	120,232,709	82.25%	25,954,839	17.75%	397,434
16	Authority to make market purchases of ordinary shares*	145,139,807	99.03%	1,419,095	0.97%	26,080
17	Authority to call general meetings (other than the AGM) on 14 clear days' notice*	143,165,082	97.68%	3,403,071	2.32%	16,830

* Special resolution

The Board acknowledges the number of votes cast by a small number of shareholders against resolution 6 for the re-election of Gary Kennedy, Chairman.  The Board has initiated dialogue with certain interested shareholders in order to better understand their voting decision and will continue to engage with shareholders over the course of the year on this matter.  The Board will take those views into account, where appropriate, in order to ensure good corporate governance principles are maintained and will, pursuant to the 2018 Corporate Governance Code, report in the Company's 2019 Annual Report what steps have been taken by the Board in order to understand shareholders' views in relation to this resolution and what impact any feedback may have on future decisions to be taken by the Board and actions or resolutions proposed.

Notes:

1.   Where shareholders appointed the Chairman as their proxy with discretion as to voting, their votes were cast in favour of the resolutions and have been included in the "For" total.

2.   A "vote withheld" is not a vote in law and is not counted in the calculation of the percentages of the votes cast for and against a resolution.

3.   The total number of shares in issue at 6.30pm on 29 January 2019 was 247,659,200. Votes were cast in respect of 59% of the issued share capital.

In accordance with the UK Listing Authority's Listing Rule 9.6.2, a copy of the special business passed at the AGM, being resolutions 12 to 17, has been submitted to the National Storage Mechanism at www.morningstar.co.uk/uk/NSM.

Adele Duff

Deputy Company Secretary 

 

END

 

 

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