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Ladbrokes plc (LCL)

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Thursday 05 May, 2016

Ladbrokes plc

Result of AGM

RNS Number : 4003X
Ladbrokes plc
05 May 2016
 

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 on 5 May 2016 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 2015

704,136,499

99.98

130,728

0.02

150,649

2.

To approve the Directors' remuneration report

379,672,923

57.92

275,865,755

42.08

48,878,365

3.

To declare a final dividend

 

701,761,614

99.63

2,636,894

0.37

23,632

4.

To appoint Jim Mullen as a director

703,738,731

99.92

595,747

0.08

87,716

5.

To appoint Mark Pain as a director

701,021,013

99.53

3,281,080

0.47

113,801

6.

To re-appoint John Kelly as a director

703,668,024

99.91

636,756

0.09

117,387

7.

To re-appoint Christine Hodgson as a director

703,694,800

99.91

635,143

0.09

92,369

8.

To re-appoint Sly Bailey as a director

703,560,902

99.90

732,540

0.10

128,642

9.

To re-appoint David Martin as a director

699,453,072

99.31

4,850,176

0.69

116,929

10.

To re-appoint Richard Moross as a director(2)

WITHDRAWN

11.

To re-appoint PricewaterhouseCoopers LLP as auditor

694,188,830

98.55

10,184,557

1.45

48,280

12.

To authorise the directors to agree the auditor's remuneration

699,460,375

99.30

4,913,621

0.70

48,316

13.

To authorise political donations and expenditure

699,166,185

99.27

5,117,032

0.73

122,627

14.

To authorise the directors to allot shares

635,339,437

90.20

68,989,863

9.80

92,377

15.

To disapply pre-emption rights

 

607,073,339

86.21

97,125,686

13.79

223,287

16.

To authorise the Company to purchase its own shares

699,966,033

99.38

4,375,762

0.62

80,517

17.

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

686,113,731

97.41

18,268,643

2.59

33,187

18.

To adopt new Articles of Association

702,843,425

99.97

228,073

0.03

1,349,801

 

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

(2) As announced on 25 April 2016, Richard Moross stepped down as a non-executive director with effect from 5 May 2016.  Resolution 10 was therefore withdrawn.

 

The Board notes the vote in respect of the Directors 'Remuneration Report. Ladbrokes understands the concerns expressed by some shareholders towards the termination arrangement with Ian Bull.  The Board is very aware of shareholder observations and these will play a key part in the Board's thinking as remuneration is considered for the business going forward and the potential merger with Coral.

 

As at 5 May 2016, the issued share capital of the Company was 1,018,411,755 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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