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Result of AGM

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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 favour*

Votes against

Total number of votes cast

Votes Withheld**

No. of shares

%

No. of shares

%

No. of shares

1

To receive the report and accounts

357,758,893

98.73%

4,591,006

1.27%

362,349,899

0

2

To approve the Directors' remuneration report

310,008,134

86.21%

49,582,704

13.79%

359,590,838

2,759,061

3

To approve the Directors remuneration policy

359,543,265

99.23%

2,806,634

0.77%

362,349,899

0

4

To re-elect Geoff Cooper as a Director

352,276,971

97.22%

10,072,610

2.78%

362,349,581

318

5

To re-elect John Roberts as a Director

362,213,327

99.96%

136,254

0.04%

362,349,581

318

6

To re-elect Steve Caunce as a Director

362,223,571

99.97%

126,010

0.03%

362,349,581

318

7

To re-elect Mark Higgins as a Director

362,225,571

99.97%

124,010

0.03%

362,349,581

318

8

To re-elect Brian McBride as a Director

359,679,581

99.26%

2,670,000

0.74%

362,349,581

318

9

To re-elect Chris Hopkinson as a Director

316,758,899

87.51%

45,222,951

12.49%

361,981,850

368,049

10

To re-elect Marisa Cassoni as a Director

359,653,740

99.26%

2,695,841

0.74%

362,349,581

318

11

To re- appoint KPMG LLP as auditors

362,347,899

100.00%

2,000

0.00%

362,349,899

0

12

To authorise the Directors to determine the remuneration of the auditors

362,341,899

100.00%

2,000

0.00%

362,343,899

6,000

13

To authorise the Directors to allot shares

327,078,260

90.27%

35,265,639

9.73%

362,343,899

6,000

14

To disapply pre-emption rights***

362,343,899

100.00%

0

0.00%

362,343,899

6,000

15

To disapply pre-emption rights - limited to an acquisition or capital investment***

343,568,236

94.82%

18,775,663

5.18%

362,343,899

6,000

16

To authorise the Company to purchase its own shares***

359,564,997

99.23%

2,784,902

0.77%

362,349,899

0

17

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 Company****

153,153,409

76.94%

45,907,787

23.06%

199,061,196

368,049

18

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

in the Company****

184,623,923

92.75%

14,437,273

7.25%

199,061,196

368,049

19

To authorise the Company to make political donations

359,549,749

99.99%

34,771

0.01%

359,584,520

2,765,379

20

To authorise the Company to hold general meetings on 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
 
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