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RNS Number : 0460A
Gocompare.com Group plc
23 May 2019
 

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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