Company Announcements
Result of AGM
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By LSE RNS
23 May 2019
GoCompare.com Group plc
Results of Annual General Meeting
GoCompare.com Group plc (the "Company") announces the results of voting on the resolutions at its Annual General Meeting ("AGM") held on Thursday 23 May 2019, as set out in the AGM notice.
A poll was held on each resolution and was passed by the required majority. Resolutions 1 to 16 as ordinary resolutions and resolutions 17 to 20 as special resolutions were passed and the results of the poll were as follows:
|
Resolution |
For |
Against |
Total Votes |
Votes Withheld* |
|||
|
Votes |
% |
Votes |
% |
||||
|
Ordinary Resolutions |
|||||||
|
1. |
To receive the Annual Report and Accounts |
325,586,427 |
96.65 |
11,285,998 |
3.35 |
336,872,425 |
180,802 |
|
2. |
To approve the Directors' Remuneration Report |
240,078,359 |
74.97 |
80,147,554 |
25.03 |
320,225,913 |
16,825,099 |
|
3. |
To declare a final dividend of 0.8 pence per ordinary share in respect of the year ended 31 December 2018 |
337,019,092 |
100.00 |
6,480 |
0.00 |
337,025,572 |
27,655 |
|
4. |
To elect Nick Hugh as a director |
336,964,611 |
100.00 |
16,585 |
0.00 |
336,981,196 |
72,031 |
|
5. |
To re-elect Zillah Byng-Thorne as a director |
299,974,808 |
89.02 |
37,002,987 |
10.98 |
336,977,795 |
73,217 |
|
6. |
To re-elect Matthew Crummack as a director |
336,935,360 |
99.99 |
42,435 |
0.01 |
336,977,795 |
73,217 |
|
7. |
To re-elect Joe Hurd as a director |
324,735,072 |
96.37 |
12,242,723 |
3.63 |
336,977,795 |
73,217 |
|
8. |
To re-elect Angela Seymour-Jackson as a director |
272,264,255 |
85.03 |
47,934,110 |
14.97 |
320,198,365 |
16,852,647 |
|
9. |
To re-elect Dr. Ashley Steel as a director |
324,662,192 |
96.35 |
12,304,789 |
3.65 |
336,966,981 |
84,031 |
|
10. |
To re-elect Adrian Webb as a director |
336,551,677 |
99.87 |
426,118 |
0.13 |
336,977,795 |
73,217 |
|
11. |
To re-elect Sir Peter Wood as a director |
324,220,371 |
96.21 |
12,757,424 |
3.79 |
336,977,795 |
73,217 |
|
12. |
To re-elect Nick Wrighton as a director |
336,923,537 |
99.99 |
48,666 |
0.01 |
336,972,203 |
73,354 |
|
13. |
To re-appoint KPMG LLP as auditors |
325,709,090 |
96.64 |
11,329,601 |
3.36 |
337,038,691 |
14,536 |
|
14. |
To authorise the directors and the Audit and Risk Committee to determine the Remuneration of the Auditor |
336,974,500 |
99.99 |
46,317 |
0.01 |
337,020,817 |
27,817 |
|
15. |
To authorise the Company and its subsidiaries to make political donations |
327,742,183 |
97.25 |
9,281,892 |
2.75 |
337,024,075 |
24,559 |
|
16. |
To authorise the directors to allot shares |
336,534,856 |
99.85 |
503,948 |
0.15 |
337,038,804 |
12,208 |
|
Special Resolutions |
|||||||
|
17. |
To dis-apply pre-emption rights |
331,506,515 |
98.38 |
5,466,270 |
1.62 |
336,972,785 |
78,227 |
|
18. |
Additional authority to disapply pre-emption rights for purposes of acquisitions or capital investments |
331,507,463 |
98.38 |
5,464,395 |
1.62 |
336,971,858 |
79,154 |
|
19. |
To authorise the Company to call a general meeting other than an annual general meeting on not less than 14 clear days' notice |
333,334,343 |
98.90 |
3,705,011 |
1.10 |
337,039,354 |
13,873 |
|
20. |
To change the Company's name to GoCo Group plc |
336,940,086 |
99.97 |
90,970 |
0.03 |
337,031,056 |
22,171 |
The Board notes that, though 74.97% of shareholders voted in favour of resolution 2 in relation to the Directors' Remuneration Report, 25.03% of shareholders voted against the resolution.
The Remuneration Committee carried out a shareholder consultation exercise in early 2019 and was pleased that many shareholders took the time to share their views. Whilst many expressed support for the Committee's decisions during those conversations, we note that a number of shareholders still felt unable to support us at the AGM.
We will be seeking approval for a new Directors' Remuneration Policy at our AGM in 2020, in line with the normal cycle for renewal. The Board is committed to maintaining ongoing dialogue with our shareholders and, as part of the development of the new Policy, we will reflect on feedback received from shareholders as we develop our approach going forward.
As at the date of the AGM, the number of ordinary shares in issue, and therefore the total number of voting rights was 418,489,214.
In accordance with Listing Rule 9.6.2, copies of all the resolutions passed, other than resolutions concerning ordinary business, will be submitted to the National Storage Mechanism and be available for inspection at: http://www.morningstar.co.uk/uk/NSM.
* A 'vote withheld' is not a vote in law and is not counted towards the proportion of votes 'for' and 'against' a resolution.
Enquiries:
Nick Edwards
Company Secretary
01633 654 060
Registered Office: Imperial House, Imperial Way, Newport, Gwent NP10 8UH
Registered in England and Wales with registered number: 6062003
LEI: 213800DUUN4C47JEL561
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