TIDMAO.
RNS Number : 1581V
AO World plc
19 July 2018
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 favour* Votes against Total number Votes Withheld**
of votes
cast
No. of % No. of % No. of shares
shares shares
------------ ------ ----------- ------ -----------------
To receive the
1 report and accounts 391,471,802 98.4 6,345,634 1.6 397,817,436 88,998
-------------------------- ------------ ------ ----------- ------ ------------- -----------------
To approve the
Directors' remuneration
2 report 393,724,289 99.97 105,140 0.03 393,829,429 4,077,005
-------------------------- ------------ ------ ----------- ------ ------------- -----------------
To approve the
Directors remuneration
3 policy 342,654,617 87.01 51,174,812 12.99 393,829,429 4,077,005
-------------------------- ------------ ------ ----------- ------ ------------- -----------------
To approve the
rules of the AO
2018 Incentive
Plan (the "Plan")
and authorise
the Directors
to make modifications
and establish
further plans
4 based on the Plan 347,942,585 87.44 49,963,849 12.56 397,906,434 0
-------------------------- ------------ ------ ----------- ------ ------------- -----------------
To re-elect Geoff
5 Cooper as a Director 397,654,685 99.94 251,749 0.06 397,906,434 0
-------------------------- ------------ ------ ----------- ------ ------------- -----------------
To re-elect John
6 Roberts as a Director 396,592,000 99.67 1,314,435 0.33 397,906,435 0
-------------------------- ------------ ------ ----------- ------ ------------- -----------------
To re-elect Steve
7 Caunce as a Director 396,592,000 99.67 1,314,435 0.33 397,906,435 0
-------------------------- ------------ ------ ----------- ------ ------------- -----------------
To re-elect Mark
8 Higgins as a Director 396,592,000 99.67 1,314,435 0.33 397,906,435 0
-------------------------- ------------ ------ ----------- ------ ------------- -----------------
To re-elect Brian
9 McBride as a Director 396,149,854 99.56 1,756,581 0.44 397,906,435 0
-------------------------- ------------ ------ ----------- ------ ------------- -----------------
To re-elect Chris
Hopkinson as a
10 Director 342,790,754 86.23 54,748,755 13.77 397,539,509 366,926
-------------------------- ------------ ------ ----------- ------ ------------- -----------------
To re-elect Marisa
11 Cassoni as a Director 396,225,834 99.58 1,680,600 0.42 397,906,434 0
-------------------------- ------------ ------ ----------- ------ ------------- -----------------
To elect Jacqueline
de Rojas as a
12 Director 397,760,145 99.96 146,290 0.04 397,906,435 0
-------------------------- ------------ ------ ----------- ------ ------------- -----------------
To re- appoint
13 KPMG LLP as auditors 397,296,334 99.85 610,101 0.15 397,906,435 0
-------------------------- ------------ ------ ----------- ------ ------------- -----------------
To authorise the
Directors to determine
the remuneration
14 of the auditors 397,906,435 100 0 0 397,906,435 0
-------------------------- ------------ ------ ----------- ------ ------------- -----------------
To authorise the
Directors to allot
15 shares 384,017,533 96.51 13,888,902 3.49 397,906,435 0
-------------------------- ------------ ------ ----------- ------ ------------- -----------------
To disapply pre-emption
16 rights*** 397,900,435 100 0 0 397,900,435 6,000
-------------------------- ------------ ------ ----------- ------ ------------- -----------------
To disapply pre-emption
rights - limited
to an acquisition
17 or capital investment*** 380,071,041 95.52 17,829,393 4.48 397,900,434 6,000
-------------------------- ------------ ------ ----------- ------ ------------- -----------------
To authorise the
Company to purchase
18 its own shares*** 393,800,669 98.97 4,105,765 1.03 397,906,434 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 by the
19 Company**** 182,541,397 77.33 53,518,278 22.67 236,059,675 161,846,760
-------------------------- ------------ ------ ----------- ------ ------------- -----------------
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 and/or
vesting of their
options over ordinary
shares
20 in the Company**** 228,142,526 96.65 7,917,148 3.35 236,059,674 161,846,760
-------------------------- ------------ ------ ----------- ------ ------------- -----------------
To authorise the
Company to make
21 political donations 396,872,534 99.74 1,027,381 0.26 397,899,915 6,520
-------------------------- ------------ ------ ----------- ------ ------------- -----------------
To authorise the
Company to hold
general meetings
22 on 14 days' notice*** 397,180,188 99.82 726,247 0.18 397,906,435 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 161,479,834 Ordinary Shares
The maximum number of votes cast was 397,906,435 representing
86.73% of the Company's issued share capital of 458,788,480 as at
6pm on 18 July 2018.
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
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END
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