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Ladbrokes plc (LCL)

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Friday 08 May, 2015

Ladbrokes plc

Result of AGM

RNS Number : 5415M
Ladbrokes plc
08 May 2015
 



LADBROKES PLC

Result of Annual General Meeting

Ladbrokes plc (the "Company") announces that the following resolutions were duly passed at the Company's Annual General Meeting which was held today at Deutsche Bank AG.  The results of the poll are as follows:

 

Resolution

Total For

Total Against

Votes Withheld(1)

No. of votes

% of votes

No. of votes

% of votes

No. of votes

1.

To receive and adopt the report and accounts for 2014.

607,285,836

99.98

146,346

0.02

66,566

2.

To declare a final dividend.

 

607,428,102

99.99

56,191

0.01

11,056

3.

To re-appoint P Erskine as a director.

606,584,963

99.87

816,907

0.13

93,556

4.

To re-appoint I A Bull as a director.

607,158,261

99.96

233,233

0.04

103,932

5.

To re-appoint S Bailey as a director.

606,934,441

99.93

455,121

0.07

105,095

6.

To re-appoint C M Hodgson as a director.

606,216,124

99.81

1,180,396

0.19

98,906

7.

To re-appoint J M Kelly as a director.

606,231,259

99.81

1,167,414

0.19

102,237

8.

To re-appoint D R Martin as a director.

607,140,588

99.96

251,439

0.04

103,399

9.

To re-appoint R Moross as a director.

607,101,311

99.95

292,156

0.05

101,959

10.

To re-appoint D M Shapland as a director.

603,912,064

99.43

3,478,357

0.57

103,248

11.

To re-appoint PricewaterhouseCoopers LLP as auditor.

599,394,561

98.73

7,689,148

1.27

411,466

12.

To authorise the directors to agree the auditor's remuneration.

604,768,202

99.62

2,300,791

0.38

424,363

13.

To approve the remuneration report.

365,015,508

69.77

158,156,158

30.23

84,319,464

14.

To authorise political donations and expenditure.

579,075,848

95.87

24,941,043

4.13

3,443,369

15.

To authorise the Company to purchase its own shares.

585,001,355

96.83

19,149,068

3.17

3,342,661

16.

To authorise the directors to allot shares.

549,695,474

91.00

54,335,350

9.00

3,464,341

17.

To disapply pre-emption rights.

598,546,577

99.10

5,423,406

0.90

3,525,582

18.

To authorise the calling of general meetings (excluding annual general meetings) by notice of at least 14 clear days.

590,319,340

97.18

17,124,836

2.82

51,250

 

(1) A 'vote withheld' is not a vote in law and is not counted in the calculation of votes 'For' or 'Against' a resolution.

 

 

The Board notes the vote in respect of the Directors Remuneration Report. Ladbrokes has spoken with several shareholders about the termination arrangements for Richard Glynn where his contract required that any settlement had to be determined in line with UK damages principles.  The Remuneration Committee confirms that contracts of this type are not appropriate and termination arrangements for the current executive team, including Jim Mullen who was appointed CEO on 1 April 2015, are determined on payment in lieu of notice (PILON) principles in line with best practice.  The Remuneration Committee further notes that Jim Mullen was appointed on a lower salary and shorter notice period than the previous CEO.

 

As at 7 May 2015, the issued share capital of the Company was 923,007,859 ordinary shares of 28⅓ pence each (excluding shares held in treasury).

 

In accordance with Listing Rule 9.6.2, copies of the resolutions passed as special business will be submitted to the National Storage Mechanism and will be available for viewing at www.Hemscott.com/nsm.do.

 

The results will also be made available on the Company's website at www.ladbrokesplc.com/agm

 

 

 

Adrian Bushnell

Company Secretary


This information is provided by RNS
The company news service from the London Stock Exchange
 
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