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Connect Group Plc (CNCT)

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Thursday 31 January, 2019

Connect Group Plc

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 

 


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