TIDMAO.
RNS Number : 7794L
AO World plc
21 July 2017
AO World PLC ("Company")
Result of Annual General Meeting
At the Annual General Meeting (AGM) of AO World plc held earlier
today all the resolutions put to the meeting were passed. Details
of the votes cast are shown in the table below.
Resolution Votes in Votes against Total Votes
favour* number Withheld**
of votes
cast
--- -------------------- ------------
No. of % No. % No. of
shares of shares shares
--- -------------------- ------------ -------- ----------- ------- ------------ ------------
To receive
the report
1 and accounts 357,758,893 98.73% 4,591,006 1.27% 362,349,899 0
--- -------------------- ------------ -------- ----------- ------- ------------ ------------
To approve
the Directors'
remuneration
2 report 310,008,134 86.21% 49,582,704 13.79% 359,590,838 2,759,061
--- -------------------- ------------ -------- ----------- ------- ------------ ------------
To approve
the Directors
remuneration
3 policy 359,543,265 99.23% 2,806,634 0.77% 362,349,899 0
--- -------------------- ------------ -------- ----------- ------- ------------ ------------
To re-elect
Geoff Cooper
4 as a Director 352,276,971 97.22% 10,072,610 2.78% 362,349,581 318
--- -------------------- ------------ -------- ----------- ------- ------------ ------------
To re-elect
John Roberts
5 as a Director 362,213,327 99.96% 136,254 0.04% 362,349,581 318
--- -------------------- ------------ -------- ----------- ------- ------------ ------------
To re-elect
Steve Caunce
6 as a Director 362,223,571 99.97% 126,010 0.03% 362,349,581 318
--- -------------------- ------------ -------- ----------- ------- ------------ ------------
To re-elect
Mark Higgins
7 as a Director 362,225,571 99.97% 124,010 0.03% 362,349,581 318
--- -------------------- ------------ -------- ----------- ------- ------------ ------------
To re-elect
Brian McBride
8 as a Director 359,679,581 99.26% 2,670,000 0.74% 362,349,581 318
--- -------------------- ------------ -------- ----------- ------- ------------ ------------
To re-elect
Chris Hopkinson
9 as a Director 316,758,899 87.51% 45,222,951 12.49% 361,981,850 368,049
--- -------------------- ------------ -------- ----------- ------- ------------ ------------
To re-elect
Marisa Cassoni
10 as a Director 359,653,740 99.26% 2,695,841 0.74% 362,349,581 318
--- -------------------- ------------ -------- ----------- ------- ------------ ------------
To re- appoint
KPMG LLP as
11 auditors 362,347,899 100.00% 2,000 0.00% 362,349,899 0
--- -------------------- ------------ -------- ----------- ------- ------------ ------------
To authorise
the Directors
to determine
the remuneration
12 of the auditors 362,341,899 100.00% 2,000 0.00% 362,343,899 6,000
--- -------------------- ------------ -------- ----------- ------- ------------ ------------
To authorise
the Directors
13 to allot shares 327,078,260 90.27% 35,265,639 9.73% 362,343,899 6,000
--- -------------------- ------------ -------- ----------- ------- ------------ ------------
To disapply
pre-emption
14 rights*** 362,343,899 100.00% 0 0.00% 362,343,899 6,000
--- -------------------- ------------ -------- ----------- ------- ------------ ------------
To disapply
pre-emption
rights - limited
to an acquisition
or capital
15 investment*** 343,568,236 94.82% 18,775,663 5.18% 362,343,899 6,000
--- -------------------- ------------ -------- ----------- ------- ------------ ------------
To authorise
the Company
to purchase
16 its own shares*** 359,564,997 99.23% 2,784,902 0.77% 362,349,899 0
--- -------------------- ------------ -------- ----------- ------- ------------ ------------
To approve
the waiver
granted by
the Takeover
Panel of any
obligation
under Rule
9 of the Takeover
Code for John
Roberts and
Steve Caunce
and any persons
acting in
concert with
them to make
an offer for
the
Company following
a purchase
of shares
17 by the Company**** 153,153,409 76.94% 45,907,787 23.06% 199,061,196 368,049
--- -------------------- ------------ -------- ----------- ------- ------------ ------------
To approve
the waiver
granted by
the Takeover
Panel of any
obligation
under Rule
9 of the Takeover
Code for John
Roberts and
Steve Caunce
and any persons
acting in
concert with
them to make
an offer for
the
Company following
the exercise
of their options
over ordinary
shares
18 in the Company**** 184,623,923 92.75% 14,437,273 7.25% 199,061,196 368,049
--- -------------------- ------------ -------- ----------- ------- ------------ ------------
To authorise
the Company
to make political
19 donations 359,549,749 99.99% 34,771 0.01% 359,584,520 2,765,379
--- -------------------- ------------ -------- ----------- ------- ------------ ------------
To authorise
the Company
to hold general
meetings on
20 14 days' notice*** 361,186,187 99.68% 1,163,712 0.32% 362,349,899 0
--- -------------------- ------------ -------- ----------- ------- ------------ ------------
* Includes those votes giving the Chairman discretion
** A vote 'Withheld' has no legal effect and is not counted in
the votes 'For' and 'Against' a resolution
*** Passed as special resolutions
**** As required by the Takeover Code, John Roberts and Steve
Caunce (and their Persons Closely Associated) have not voted their
aggregate shareholding of 162,920,654 Ordinary Shares
The maximum number of votes cast was 362,349,899 representing
78.98% of the Company's issued share capital of 458,788,480 as at
6pm on 19 July 2017.
In accordance with Listing Rule 9.6.2, copies of all the
resolutions passed as special business have been submitted to the
National Storage Mechanism and will shortly be available for
inspection at http://www.morningstar.co.uk/uk/NSM
Enquiries:
AO World plc
Julie Finnemore
Company Secretary
Tel: +44(0)1204 672400
This information is provided by RNS
The company news service from the London Stock Exchange
END
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