Result of Annual General Meeting
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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