Result of Annual General Meeting

RNS Number : 1795G
Telecom Plus PLC
22 July 2021
 

Telecom Plus PLC (the "Company")

 

Result of Annual General Meeting

 

Telecom Plus PLC (trading as the Utility Warehouse), the UK's only fully integrated provider of a wide range of competitively priced utility services spanning both the communications and energy markets, announces that at the Annual General Meeting of the Company ("AGM") held earlier today all resolutions put to shareholders of the Company were duly passed. A poll was held for each resolution, the results of which are as follows: 

 


RESOLUTIONS

VOTES IN FAVOUR

%age

VOTES

AGAINST

%age

WITHHELD

1

To receive the 2021 Annual Report and Accounts

43,200,873

78.15

12,076,512

21.85

370,266

2

To approve the 2021 Directors' Remuneration Report

42,309,735

76.50

12,999,838

23.50

338,078

3

To approve the payment of a 30.0p final dividend

55,609,788

99.93

37,863

0.07

 0

4

To re-elect Charles Wigoder

43,911,785

79.02

11,662,151

20.98

73,715

5

To re-elect Andrew Lindsay

54,212,168

98.39

889,702

1.61

545,781

6

To re-elect Nicholas Schoenfeld

54,503,911

98.34

920,879

1.66

222,861

7

To re-elect Stuart Burnett

54,480,689

98.31

937,313

1.69

229,649

8

To re-elect Beatrice Hollond

50,656,339

93.96

3,256,994

6.04

1,734,318

9

To re-elect Andrew Blowers

55,601,255

99.93

41,035

0.07

5,361

10

To re-elect Melvin Lawson

44,652,527

80.65

10,710,872

19.35

284,252

11

To re-elect Julian Schild

44,329,066

85.13

7,740,296

14.87

3,578,289

12

To re-elect Suzi Williams

53,628,151

96.38

2,014,139

3.62

5,361

13

To appoint KPMG LLP as auditor

55,299,739

99.39

339,644

0.61

8,268

14

To authorise the directors to determine the auditor's remuneration

55,630,579

99.98

8,804

0.02

8,268

15

To authorise the Company to make market purchases of its own shares

55,011,823

99.00

553,443

1.00

82,394

16

To authorise the directors to allot shares pursuant to section 551 of the Companies Act 2006

55,391,943

99.56

244,700

0.44

11,008

17

To authorise the directors to disapply pre-emption rights

55,549,465

99.84

86,459

0.16

11,727

18

To authorise the directors to further disapply pre-emption rights in addition to Resolution 17

53,841,186

96.77

1,794,488

3.23

11,977

19

To authorise the payment of political donations

55,034,818

99.05

525,310

0.95

87,523

20

To authorise 14 clear days' notice periods for General Meetings (other than an AGM)

55,101,146

99.02

546,505

0.98

0

 

The Board of the Company notes that the level of votes against three of the resolutions put to the AGM exceeded 20%. The Company understands that this has been driven mainly by concerns raised by certain shareholders around Board diversity and historical directors' remuneration policy issues. In line with the UK Corporate Governance Code, the Board will reflect on the feedback received and publish an update on these matters in due course. 

 

A copy of the resolutions passed at the AGM relating to special business 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:

 

 

 

 

Telecom Plus PLC

 

David Baxter

Tel: (020) 8955 5000

 

LEI code :  549300QGHDX5UKE58G86

 

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