TIDMSCT
RNS Number : 3850R
Softcat PLC
08 December 2016
Softcat plc
Results of Annual General Meeting
Softcat plc (the "Company") announces that at its Annual General
Meeting ("AGM") held today, 8 December 2016, all resolutions set
out in the notice of the AGM were passed by the requisite majority
of votes by shareholders by way of poll. The results of the poll
for each resolution were as follows:
VOTES % VOTES % VOTES TOTAL % OF
FOR AGAINST WITHHELD SHARES ISSUED
VOTED SHARE
CAPITAL
VOTED
------------------------- ------------ ------- ----------- ------ ---------- ------------ ---------
ORDINARY RESOLUTIONS
------------------------- ------------ ------- ----------- ------ ---------- ------------ ---------
1. To receive
the financial
statements and
the reports
of the Directors
and the auditor
for the year
ended 31 July
2016 137,424,383 99.97 36,000 0.03 2,182,595 137,460,383 69.56
------------------------- ------------ ------- ----------- ------ ---------- ------------ ---------
2. To approve
the Directors'
Remuneration
Report (excluding
the Directors'
Remuneration
Policy) 133,762,756 99.94 78,859 0.06 5,801,363 133,841,615 67.73
------------------------- ------------ ------- ----------- ------ ---------- ------------ ---------
3. To approve
the Directors'
Remuneration
Policy 133,263,599 99.56 591,311 0.44 5,788,068 133,854,910 67.74
------------------------- ------------ ------- ----------- ------ ---------- ------------ ---------
4. To declare
a final dividend
for the financial
year ended 31
July 2016 of
3.6 pence per
ordinary share 139,605,219 99.97 37,759 0.03 0.00 139,642,978 70.67
------------------------- ------------ ------- ----------- ------ ---------- ------------ ---------
5. To declare
a special dividend
of 14.2 pence
per ordinary
share 139,642,978 100.00 0.00 0.00 0.00 139,642,978 70.67
------------------------- ------------ ------- ----------- ------ ---------- ------------ ---------
6. To re-elect
Brian Wallace
as a Director 139,512,580 99.91 130,398 0.09 0.00 139,642,978 70.67
------------------------- ------------ ------- ----------- ------ ---------- ------------ ---------
7. To re-elect
Martin Hellawell
as a Director 139,511,941 99.91 131,037 0.09 0.00 139,642,978 70.67
------------------------- ------------ ------- ----------- ------ ---------- ------------ ---------
8. To re-elect
Graham Charlton
as a Director 139,499,552 99.90 143,426 0.10 0.00 139,642,978 70.67
------------------------- ------------ ------- ----------- ------ ---------- ------------ ---------
9. To re-elect
Lee Ginsberg
as a Director 136,888,347 99.83 229,957 0.17 2,524,674 137,118,304 69.39
------------------------- ------------ ------- ----------- ------ ---------- ------------ ---------
10. To re-elect
Peter Ventress
as a Director 139,510,480 99.91 132,498 0.09 0.00 139,642,978 70.67
------------------------- ------------ ------- ----------- ------ ---------- ------------ ---------
11. To elect
Vin Murria as
a Director 139,510,480 99.91 132,498 0.09 0.00 139,642,978 70.67
------------------------- ------------ ------- ----------- ------ ---------- ------------ ---------
12. To re-appoint
Ernst & Young
LLP as auditor
of the Company 137,737,997 99.86 196,475 0.14 1,708,506 137,934,472 69.80
------------------------- ------------ ------- ----------- ------ ---------- ------------ ---------
13. To authorise
the Directors
to determine
the remuneration
of the auditor 137,686,132 99.82 248,340 0.18 1,708,506 137,934,472 69.80
------------------------- ------------ ------- ----------- ------ ---------- ------------ ---------
14. To authorise
the Company
to make political
donations 77,797,167 57.73 56,957,319 42.27 4,888,492 134,754,486 68.19
------------------------- ------------ ------- ----------- ------ ---------- ------------ ---------
15. To authorise
the Directors
to allot ordinary
shares pursuant
to Section 551
of the Companies
Act 2006 138,993,323 99.53 649,655 0.47 0.00 139,642,978 70.67
------------------------- ------------ ------- ----------- ------ ---------- ------------ ---------
SPECIAL RESOLUTIONS
------------------------- ------------ ------- ----------- ------ ---------- ------------ ---------
16. To authorise
the Directors
to dis-apply
the statutory
pre-emption
rights pursuant
to Sections
570 and 573
of the Companies
Act 2006 139,638,938 99.99 1,000 0.01 3,040 139,639,938 70.67
------------------------- ------------ ------- ----------- ------ ---------- ------------ ---------
17. To authorise
the Directors
to dis-apply
statutory pre-emption
rights for the
purposes of
acquisitions
or capital investments
pursuant to
Sections 570
and 573 of the
Companies Act
2006 132,455,730 94.85 7,187,248 5.15 0.00 139,642,978 70.67
------------------------- ------------ ------- ----------- ------ ---------- ------------ ---------
18. To approve
the calling
of a general
meeting other
than an annual
general meeting
on not less
than 14 clear
days' notice 139,022,488 99.56 620,490 0.44 0.00 139,642,978 70.67
------------------------- ------------ ------- ----------- ------ ---------- ------------ ---------
VOTES OF SHAREHOLDERS EXCLUDING CONTROLLING SHAREHOLDER ON
ELECTION OR RE-ELECTION OF INDEPENT NON-EXECUTIVE DIRECTORS
ORDINARY RESOLUTIONS VOTES % VOTES % VOTES TOTAL % OF
FOR AGAINST WITHHELD SHARES ISSUED
VOTED SHARE
CAPITAL
VOTED
---------------------- ----------- ------ --------- ----- ---------- ----------- ---------
9. To re-elect
Lee Ginsberg
as a Director 75,994,609 99.70 229,957 0.30 2,524,674 76,224,566 38.57
---------------------- ----------- ------ --------- ----- ---------- ----------- ---------
10. To re-elect
Peter Ventress
as a Director. 78,616,742 99.83 132,498 0.17 0.00 78,749,240 39.85
---------------------- ----------- ------ --------- ----- ---------- ----------- ---------
11. To elect
Vin Murria as
a Director. 78,616,742 99.83 132,498 0.17 0.00 78,749,240 39.85
---------------------- ----------- ------ --------- ----- ---------- ----------- ---------
Notes:
The Board of the Company have noted, notwithstanding that the
resolution passed at the AGM, that there were a significant
proportion of votes against resolution 14 authorising political
donations. The Board will engage with the shareholders who cast
their votes against this resolution to understand their views and
discuss the Board's policy regarding political donations. As stated
in the Notice of the AGM, it is not the policy of the Company to
make political donations or to incur other political expenditure
and the Directors have no intention of changing that policy.
A vote "Withheld" is not a vote in law and is not counted in the
calculation of the votes "For" or "Against" a resolution nor in the
calculation of the proportion of "issued share capital voted" for
any resolution.
The Company's total ordinary shares in issue (total voting
rights) as at 8 December 2016 was 197,606,143 ordinary shares of
GBP0.0005 each. Ordinary shareholders are entitled to one vote per
ordinary share held.
Peter Kelly is regarded as a controlling shareholder of the
Company for the purposes of the LSE Listing Rules, and each
resolution to elect or re-elect independent non-executive directors
(resolutions 9 to 11) have under LSE Listing Rule 9.2.2E been
approved by a majority of the votes cast by:
(i) the shareholders of the Company as a whole; and
(ii) the independent shareholders of the Company, that is, all
the shareholders entitled to vote on each resolution excluding the
controlling shareholder.
In accordance with paragraph 9.6.2 of the LSE Listing Rules, a
copy of the resolutions passed at the AGM has been submitted to the
National Storage Mechanism and will shortly be available for
inspection at: http://www.morningstar.co.uk/uk/NSM.
The complete poll results (inclusive of proxy votes lodged
before the AGM) will be available shortly on the Company's website
at: https://www.softcat.com/
Registered address: Solar House, Fieldhouse Lane, Marlow,
Buckinghamshire, United Kingdom, SL7 1LW
Website: https://www.softcat.com/
Capita Company Secretarial Services Limited - Company
Secretary
8 December 2016
This information is provided by RNS
The company news service from the London Stock Exchange
END
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