AA plc
LEI: 213800DTPE4O5OI17349
5 June 2019
For immediate release
AA plc (the Company)
Results of 2019 Annual General Meeting
The Company announces that its Annual General Meeting was held earlier today and all proposed resolutions were passed by the requisite majorities on a poll.
The results of the poll for each resolution are as follows:
|
Resolution |
Votes For |
Votes Against |
Votes Total |
Issued Share Capital Voted |
Votes Withheld |
|||
|
Number |
% |
Number |
% |
Number |
% |
Number |
||
|
1. |
Report and Accounts |
474,206,958 |
99.96 |
180,775 |
0.04 |
474,387,733 |
77.25% |
398,768 |
|
2. |
Directors' Remuneration Report |
418,372,935 |
88.12 |
56,401,723 |
11.88 |
474,774,658 |
77.31% |
11,842 |
|
3. |
Final Dividend |
474,782,265 |
100.00 |
3,736 |
0.00 |
474,786,001 |
77.31% |
500 |
|
4. |
Elect Mark Brooker |
474,582,088 |
100.00 |
9,915 |
0.00 |
474,592,003 |
77.28% |
194,498 |
|
5. |
Elect Steve Barber |
474,583,838 |
100.00 |
9,415 |
0.00 |
474,593,253 |
77.28% |
193,248 |
|
6. |
Re-elect John Leach |
474,353,002 |
99.95 |
236,500 |
0.05 |
474,589,502 |
77.28% |
196,998 |
|
7. |
Re-elect Simon Breakwell |
474,556,150 |
99.99 |
41,485 |
0.01 |
474,597,635 |
77.28% |
188,866 |
|
8. |
Re-elect Andrew Blowers |
473,837,188 |
99.84 |
753,315 |
0.16 |
474,590,503 |
77.28% |
195,998 |
|
9. |
Re-elect Cathryn Riley |
474,588,222 |
100.00 |
10,031 |
0.00 |
474,598,253 |
77.28% |
188,248 |
|
10. |
Re-elect Suzi Williams |
461,592,133 |
97.26 |
13,006,119 |
2.74 |
474,598,252 |
77.28% |
188,248 |
|
11. |
Appointment of the Auditor |
474,586,745 |
100.00 |
11,874 |
0.00 |
474,598,619 |
77.28% |
187,882 |
|
12. |
Remuneration of the Auditor |
474,556,660 |
99.95 |
216,591 |
0.05 |
474,773,251 |
77.31% |
13,250 |
|
13. |
Political Donations |
461,578,398 |
97.22 |
13,202,382 |
2.78 |
474,780,780 |
77.31% |
5,721 |
|
14. |
Authority to Allot Shares |
461,693,367 |
97.24 |
13,084,030 |
2.76 |
474,777,397 |
77.31% |
9,104 |
|
15. |
Authority to Allot Further Shares |
266,939,556 |
56.22 |
207,836,445 |
43.78 |
474,776,001 |
77.31% |
10,500 |
|
16. |
Disapplication of Pre-Emption Rights* |
461,658,479 |
97.24 |
13,117,365 |
2.76 |
474,775,844 |
77.31% |
10,657 |
|
17. |
Authority to Purchase own Shares* |
473,304,365 |
99.71 |
1,368,232 |
0.29 |
474,672,597 |
77.29% |
113,903 |
|
18. |
Reduced Notice for General Meetings (other than Annual General Meetings)* |
468,390,095 |
98.65 |
6,391,406 |
1.35 |
474,781,501 |
77.31% |
5,000 |
* Special Resolutions
The Company has considered the results of the AGM today and notes the significant vote against resolution 15. This is mostly due to a few shareholders applying their standard voting policy with regard to resolutions of this type. This does not impact any material plans for the Company, and it considers that the outcome of this resolution is not representative of the wider shareholder base, and is pleased that the majority of its shareholders chose to support the resolution.
John Leach, Chairman, said: "We have listened to our shareholders and we are committed to continuing to work with them to address the issues raised."
Notes:
1. The number of ordinary shares of 0.1p each in issue on the share register as at the date of meeting was 614,110,213 and all of these have voting rights.
2. The 'For' votes include those giving the Chairman discretion.
3. A vote 'Withheld' is not a vote in law and is not counted in the calculation of the proportion of votes 'For' or 'Against' a resolution.
In accordance with Listing Rule 9.6.2, a copy of the resolutions passed as special business at today's AGM have been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM.
Enquiries:
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