2020 Annual General Meeting Poll Results for Direct Line Insurance Group Plc
14 May 2020
Direct Line Insurance Group plc (the "Company") announces that all resolutions proposed to shareholders at its Annual General Meeting today were carried by the requisite majority on a poll.
The following table shows the votes cast for each resolution:
|
Resolution |
For |
% of votes cast |
Against |
% of votes cast |
Total votes |
% of issued share capital voted |
Votes withheld |
|
|
1. |
To receive the report and accounts for the year ended 31 December 2019 |
1,076,525,654 |
99.93 |
799,898 |
0.07 |
1,077,325,552 |
78.95% |
1,079,730 |
|
2. |
To approve the Directors' remuneration report |
1,023,165,733 |
94.88 |
55,176,087 |
5.12 |
1,078,341,820 |
79.03% |
63,462 |
|
3. |
To approve the Directors' remuneration policy |
1,051,904,620 |
97.55 |
26,440,027 |
2.45 |
1,078,344,647 |
79.03% |
60,251 |
|
4. |
To re-elect Mike Biggs as a Director |
1,051,216,789 |
97.50 |
26,945,052 |
2.50 |
1,078,161,841 |
79.01% |
243,441 |
|
5. |
To re-elect Danuta Gray as a Director |
1,063,589,717 |
98.65 |
14,546,846 |
1.35 |
1,078,136,563 |
79.01% |
268,719 |
|
6. |
To re-elect Mark Gregory as a Director |
1,077,324,211 |
99.92 |
813,337 |
0.08 |
1,078,137,548 |
79.01% |
267,734 |
|
7. |
To re-elect Jane Hanson as a Director |
1,077,980,968 |
99.99 |
158,040 |
0.01 |
1,078,139,008 |
79.01% |
266,274 |
|
8. |
To elect Tim Harris as a Director |
1,076,668,912 |
99.86 |
1,469,867 |
0.14 |
1,078,138,779 |
79.01% |
266,503 |
|
9. |
To re-elect Penny James as a Director |
1,065,104,715 |
98.79 |
13,033,593 |
1.21 |
1,078,138,308 |
79.01% |
266,974 |
|
10. |
To re-elect Sebastian James as a Director |
1,077,356,258 |
99.93 |
781,990 |
0.07 |
1,078,138,248 |
79.01% |
267,034 |
|
11. |
To re-elect Fiona McBain as a Director |
982,332,614 |
91.11 |
95,805,634 |
8.89 |
1,078,138,248 |
79.01% |
267,034 |
|
12. |
To re-elect Gregor Stewart as a Director |
1,067,242,313 |
98.99 |
10,895,935 |
1.01 |
1,078,138,248 |
79.01% |
267,034 |
|
13. |
To re-elect Richard Ward as a Director |
1,074,312,929 |
99.65 |
3,825,319 |
0.35 |
1,078,138,248 |
79.01% |
267,034 |
|
14. |
To re-appoint Deloitte LLP as Auditor |
1,047,693,250 |
97.18 |
30,436,698 |
2.82 |
1,078,129,948 |
79.01% |
275,333 |
|
15. |
To authorise the Audit Committee to agree the Auditor's remuneration |
1,077,312,857 |
99.92 |
836,864 |
0.08 |
1,078,149,721 |
79.01% |
252,929 |
|
16. |
To authorise the Company to make political donations |
992,235,452 |
92.03 |
85,917,532 |
7.97 |
1,078,152,984 |
79.01% |
250,099 |
|
17. |
To approve the Company's Long Term Incentive Plan |
1,067,741,377 |
99.03 |
10,407,369 |
0.97 |
1,078,148,746 |
79.01% |
255,895 |
|
18. |
To approve the Company's Deferred Annual Incentive Plan |
1,074,050,536 |
99.62 |
4,074,441 |
0.38 |
1,078,124,977 |
79.01% |
280,305 |
|
19. |
To authorise the Directors to allot new shares |
1,028,027,541 |
95.35 |
50,147,304 |
4.65 |
1,078,174,845 |
79.01% |
230,437 |
|
20. |
To disapply pre-emption rights* |
1,072,223,798 |
99.46 |
5,870,327 |
0.54 |
1,078,094,125 |
79.01% |
311,157 |
|
21. |
To further disapply pre-emption rights in specific circumstances* |
1,047,113,711 |
97.13 |
30,972,953 |
2.87 |
1,078,086,664 |
79.01% |
316,818 |
|
22. |
To authorise the Company to purchase its own shares* |
1,066,491,839 |
98.95 |
11,360,717 |
1.05 |
1,077,852,556 |
78.99% |
543,101 |
|
23. |
To authorise the Directors to allot new shares in relation to an issue of Restricted Tier 1 Capital Instruments |
1,070,064,453 |
99.25 |
8,055,859 |
0.75 |
1,078,120,312 |
79.01% |
284,970 |
|
24. |
To authorise the Directors to disapply pre-emption rights in relation to an issue of Restricted Tier 1 Capital Instruments* |
1,044,966,997 |
96.93 |
33,145,625 |
3.07 |
1,078,112,622 |
79.01% |
292,660 |
|
25. |
To authorise the Company to call general meetings on 14 clear days' notice* |
1,000,241,084 |
92.75 |
78,135,523 |
7.25 |
1,078,376,607 |
79.03% |
28,675 |
|
26. |
To adopt new Articles of Association* |
1,078,101,308 |
100.00 |
51,575 |
0.00 |
1,078,152,883 |
79.01% |
252,399 |
NOTES:
1. * indicates a Special Resolution requiring 75% of votes cast to be carried.
2. Votes "For" and "Against" are expressed as a percentage of votes cast.
3. Votes "For" include discretionary votes.
4. A "Vote withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.
5. Total number of shares in issue is 1,364,551,605 ordinary shares. Ordinary shareholders are entitled to one vote per share held.
6. To view the full wording of the resolutions, please refer to the 2020 Notice of Annual General Meeting on the Company's website.
In accordance with the UK Listing Authority's Listing Rule 9.6.2, copies of all the resolutions passed other than resolutions concerning ordinary business have been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Contact:
|
Roger Clifton Company Secretary Email: Roger.Clifton@directlinegroup.co.uk
LEI: 213800FF2R23ALJQOP04
|
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