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easyJet PLC (EZJ)

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Wednesday 23 December, 2020

easyJet PLC

Result of AGM

RNS Number : 7132J
easyJet PLC
23 December 2020
 

23 December 2020

easyJet plc

(the "Company")

Results of Annual General Meeting held on 23 December 2020

The Company announces the voting results of its Annual General Meeting ('AGM') held earlier today. 

 

All resolutions put to the meeting were passed with the requisite majority by means of a poll. Resolutions 1 to 8 and 10 to 17 were each passed as an Ordinary Resolution (requiring a simple majority for them to be passed) and resolutions 18 to 21 were each passed as a Special Resolution (requiring at least a 75% majority for them to be passed). Further to the Company's announcement on 21 December 2020, Resolution 9 was withdrawn.

 

The polling results for each resolution are set out below:

 

Resolution

Votes For

%

Votes Against

%

Total Votes

% of ISC

Voted1

Votes Withheld2

1.

To receive the Annual Report and Accounts for the year ended 30 September 2020

177,605,156

99.88

212,605

0.12

177,817,761

38.93

131,514,363

2.

To approve the Directors' Remuneration Policy

170,640,512

95.79

7,497,351

4.21

178,137,863

39.00

131,196,347

3.

To approve the Directors' Remuneration Report

177,627,469

99.72

498,511

0.28

178,125,980

39.00

131,206,724

4.

To re-appoint John Barton as a Director

177,628,335

57.43

131,645,289

42.57

309,273,624

67.71

57,734

5.

To re-appoint Johan Lundgren as a Director

177,759,671

57.47

131,529,397

42.53

309,289,068

67.72

46,520

6.

To re-appoint Andrew Findlay as a Director

177,846,653

57.51

131,422,099

42.49

309,268,752

67.71

60,546

7.

To re-appoint Dr Andreas Bierwirth as a Director

177,779,433

57.48

131,485,024

42.52

309,264,457

67.71

61,544

8.

To re-appoint Catherine Bradley CBE as a Director

177,047,752

57.25

132,211,688

42.75

309,259,440

67.71

67,944

9.

Withdrawn

10.

To re-appoint Nick Leeder as a Director

177,856,271

57.51

131,401,040

42.49

309,257,311

67.71

69,671

11.

To re-appoint Julie Southern as a Director

174,683,039

56.63

133,794,229

43.37

308,477,268

67.54

846,362

12.

To appoint Sheikh Mansurah Tal-At ('Moni') Mannings as a Director

177,528,729

57.44

131,514,714

42.56

309,043,443

67.66

281,452

13.

To appoint David Robbie as a Director

177,114,841

57.27

132,132,877

42.73

309,247,718

67.71

79,666

14.

To re-appoint PricewaterhouseCoopers LLP as auditors of the Company

170,248,180

95.57

7,883,125

4.43

178,131,305

39.00

131,194,506

15.

To authorise the Audit Committee to determine the auditors' remuneration

171,689,834

96.38

6,449,619

3.62

178,139,453

39.00

131,187,889

16.

To authorise the Company and its subsidiaries to make political donations and incur political expenditure

153,409,233

86.41

24,117,283

13.59

177,526,516

38.87

131,802,992

17.

To authorise the Directors to allot shares

154,846,664

86.92

23,295,798

13.08

178,142,462

39.00

131,185,948

18.

To disapply statutory pre-emption rights (Special Resolution)

161,853,537

90.90

16,201,952

9.10

178,055,489

38.98

131,260,229

19.

To authorise the Company to purchase its own shares (Special Resolution)

175,707,885

98.65

2,408,596

1.35

178,116,481

39.00

131,210,741

20.

To adopt new Articles of Association (Special Resolution)

162,097,898

91.03

15,981,811

8.97

178,079,709

38.99

131,244,799

21.

To authorise the Company to call general meetings on not less than 14 clear days' notice (Special Resolution)

173,621,203

97.47

4,512,807

2.53

178,134,010

39.00

131,188,079

Notes:

1.  Based on total issued share capital of 456,749,631 ordinary shares

2.  A vote withheld is not a vote in law and is not counted towards votes cast "For" or "Against" a resolution

3.  The total voting rights of the Company on the day on which shareholders had to be on the register in order to be eligible to vote was 456,749,631

 

 

Resolutions 4 to 8 and 10 to 13

The Board notes that while resolutions 4 to 8 and 10 to 13 were passed with the necessary majority, they received less than 58% in favour. In accordance with the UK Corporate Governance Code the Board will continue to engage with shareholders to discuss their concerns but understands that this was predominantly as a result of the Company's largest shareholder (and its related parties) voting against these resolutions.

 

Board changes

As previously announced Charles Gurassa and Moya Greene DBE did not put themselves forward for re-election at the AGM and therefore stood down from the Board at the conclusion of the AGM.

 

As per the Company's announcement of 21 December 2020, Anastassia Lauterbach decided to resign as a director of the Company. Accordingly, resolution 9 was withdrawn.

 

National Storage Mechanism

In accordance with LR 9.6.2 copies of the resolutions passed as special business  have been submitted to the FCA's National Storage Mechanism. A copy of the new Articles of Association have also been uploaded to the National Storage Mechanism as the document that sets out the terms and conditions on which its listed equity shares were issued in accordance with LR 9.2.6ER(1).  Both documents will shortly be available to view at   https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

 

 

  In case of queries please contact:

Institutional investors and analysts:

 

Michael Barker

Investor Relations

+44 (0) 7985 890 939

Holly Grainger

Investor Relations

+44 (0) 7583 101 913




Media:

 

Anna Knowles

Corporate Communications

+44 (0)7985 873 313

Dorothy Burwell

Finsbury

+44 (0) 7733 294 930

Edward Simpkins

Finsbury

+44 (0)7947 740 551 /

(0) 207 251 3801

  LEI: 2138001S47XKWIB7TH90

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