Connect Group PLC Result of AGM (6916C)
24 January 2018 - 12:57AM
UK Regulatory
TIDMCNCT
RNS Number : 6916C
Connect Group PLC
23 January 2018
23 January 2018
Connect Group PLC
Result of 2018 Annual General Meeting
Connect Group PLC is pleased to announce that at its AGM held at
11.30am today, all resolutions put to the meeting were duly passed.
All resolutions were voted on by way of a poll and the results of
the poll for each resolution are shown below:
Resolution For Against Withheld
------------------------------ ---------------------- -------------------- ---------
No. of % No. of % No. of
votes votes votes
--- ------------------------- ------------ -------- ----------- ------- ---------
To receive the
Annual Report
and Accounts
for the year
ended 31 August
1 2017 167,115,903 99.99% 1,609 0.01% 4,491
--- ------------------------- ------------ -------- ----------- ------- ---------
To approve the
directors' remuneration
report for the
year ended 31
2 August 2017 159,516,228 95.79% 7,009,953 4.21% 595,822
--- ------------------------- ------------ -------- ----------- ------- ---------
To declare a
final dividend
of 6.7p per
3 share 167,116,555 100.00% 860 0.00% 4,588
--- ------------------------- ------------ -------- ----------- ------- ---------
To elect Mark
4 Whiteling 166,824,178 99.84% 267,959 0.16% 29,866
--- ------------------------- ------------ -------- ----------- ------- ---------
To re-elect
5 Gary Kennedy 166,742,901 99.79% 357,252 0.21% 21,849
--- ------------------------- ------------ -------- ----------- ------- ---------
To re-elect
6 Mark Cashmore 166,802,634 99.82% 297,062 0.18% 22,307
--- ------------------------- ------------ -------- ----------- ------- ---------
To re-elect
7 David Bauernfeind 166,788,637 99.81% 311,059 0.19% 22,307
--- ------------------------- ------------ -------- ----------- ------- ---------
To re-elect
8 Jonathan Bunting 166,804,074 99.82% 296,109 0.18% 21,820
--- ------------------------- ------------ -------- ----------- ------- ---------
To re-elect
9 Denise Collis 165,299,613 98.92% 1,804,399 1.08% 17,991
--- ------------------------- ------------ -------- ----------- ------- ---------
To re-appoint
10 the auditor 166,797,854 99.82% 296,330 0.18% 27,818
--- ------------------------- ------------ -------- ----------- ------- ---------
To authorise
the Audit Committee
to determine
the auditor's
11 remuneration 167,037,955 99.96% 67,885 0.04% 16,163
--- ------------------------- ------------ -------- ----------- ------- ---------
Authority to
make political
12 donations 164,600,052 98.53% 2,463,977 1.47% 57,974
--- ------------------------- ------------ -------- ----------- ------- ---------
Authority to
13 allot shares 141,811,737 84.87% 25,286,144 15.13% 24,122
--- ------------------------- ------------ -------- ----------- ------- ---------
Authority to
partially disapply
pre-emption
14 rights* 139,963,935 83.79% 27,079,158 16.21% 78,910
--- ------------------------- ------------ -------- ----------- ------- ---------
Authority to
disapply pre-emption
rights in connection
with an acquisition
or specified
15 capital investment* 141,405,092 84.65% 25,637,028 15.35% 79,882
--- ------------------------- ------------ -------- ----------- ------- ---------
Authority to
make market
purchases of
16 ordinary shares* 166,729,420 99.77% 379,981 0.23% 12,601
--- ------------------------- ------------ -------- ----------- ------- ---------
Authority to
call general
meetings (other
than the AGM)
on 14 clear
17 days' notice* 163,648,150 97.96% 3,413,037 2.04% 60,816
--- ------------------------- ------------ -------- ----------- ------- ---------
* Special resolution
Recognising proposed changes to the Corporate Governance Code
(announced after the publication of the Annual Report and
Accounts), developing market practice and following feedback from
one of our major institutional shareholders, the Board has
determined that future LTIP awards for Executive Directors will
have a two year post-vesting holding period (of the net of tax
number of shares). The resultant five-year timeframe between the
grant of an LTIP award and the first opportunity to sell the vested
shares will better align the long term interests of shareholders
with the interests of the Executive Directors and provide a focus
on longer-term outcomes.
Notes:
1. Where shareholders appointed the Chairman as their proxy with
discretion as to voting, their votes were cast in favour of the
resolutions and have been included in the "For" total.
2. A "vote withheld" is not a vote in law and is not counted in
the calculation of the percentages of the votes cast for and
against a resolution.
3. The total number of shares in issue at 6.30pm on 19 January
2018 was 247,659,200. Votes were cast in respect of 67% of the
issued share capital.
In accordance with the UK Listing Authority's Listing Rule
9.6.2, a copy of the special business passed at the AGM, being
resolutions 12 to 17, has been submitted to the National Storage
Mechanism at www.morningstar.co.uk/uk/NSM.
Adele Duff
Deputy Company Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
END
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