20 May 2020
Vivo Energy plc
('the Company')
(LSE: VVO / JSE: VVO)
2020 Annual General Meeting - Poll Results
Vivo Energy plc's 2020 Annual General Meeting ('AGM') was held at the Freshfields Bruckhaus Deringer LLP, 28 Tudor Street, Temple, London EC4Y 0BH, United Kingdom on Wednesday 20 May 2020 at 2.00 pm. All resolutions proposed at the AGM were decided on a poll and were passed. The results are set out below:
|
Resolution |
Votes For
|
% For |
Votes Against
|
% Against
|
Votes Total |
% of Issued Share Capital Voted
|
Votes Withheld |
|
|
1 |
To receive the Company's accounts, the strategic report and reports of the Directors and the auditor for the year ended 31 December 2019 |
1,155,870,628
|
100.00
|
0
|
0.00
|
1,155,870,628
|
91.23
|
50
|
|
2 |
To approve the Directors' Remuneration Report for the year ended 31 December 2019 as set out on pages 88 to 101 of the Annual Report and Accounts 2019 |
1,105,746,093 |
95.66 |
50,124,535 |
4.34 |
1,155,870,628 |
91.23 |
50 |
|
3 |
To declare a final dividend of 2.64598 US cents per ordinary share for the year ended 31 December 2019^ |
Resolution withdrawn |
||||||
|
4 |
To re-elect John Daly as a Director |
1,094,753,906 |
94.71
|
61,116,722
|
5.29
|
1,155,870,628
|
91.23
|
50
|
|
5 |
To re-elect Christian Chammas as a Director |
1,155,869,453 |
99.99
|
1,175
|
0.01
|
1,155,870,628 |
91.23
|
50 |
|
6 |
To re-elect Johan Depraetere as a Director |
1,155,869,453 |
100.00 |
1,175 |
0.01 |
1,155,870,628 |
91.23 |
50 |
|
7 |
To re-elect Gawad Abaza as a Director |
1,132,122,316 |
97.95 |
23,748,312 |
2.05 |
1,155,870,628 |
91.23 |
50 |
|
8 |
To re-elect Carol Arrowsmith as a Director |
1,155,869,453 |
99.99
|
1,175
|
0.01
|
1,155,870,628 |
91.23 |
50 |
|
9 |
To re-elect Thembalihle Hixonia Nyasulu as a Director |
1,155,869,453 |
99.99
|
1,175
|
0.01
|
1,155,870,628 |
91.23 |
50
|
|
10 |
To re-elect Christopher Rogers as a Director |
1,155,869,453 |
99.99
|
1,175
|
0.01
|
1,155,870,628 |
91.23
|
50 |
|
11 |
To re-elect Javed Ahmed as a Director |
1,154,949,453 |
99.99
|
21,175
|
0.01
|
1,154,970,628 |
91.16
|
900,050 |
|
12 |
To re-elect Temitope Lawani as a Director |
1,154,949,453 |
99.99
|
21,175
|
0.01
|
1,154,970,628 |
91.16 |
900,050 |
|
13 |
To re-appoint PricewaterhouseCoopers LLP as the Company's auditor until the end of the next general meeting at which accounts are laid before the Company |
1,155,869,353 |
99.99 |
1,275 |
0.01 |
1,155,870,628 |
91.23
|
50 |
|
14 |
To authorise the Audit and Risk Committee, for and on behalf of the Directors, to determine the remuneration of the auditor |
1,155,673,392 |
99.98
|
197,236
|
0.02
|
1,155,870,628 |
91.23 |
50 |
|
15 |
To authorise the Directors to allot shares in the Company |
1,100,676,838 |
95.23
|
55,190,790
|
4.77 |
1,155,867,628 |
91.23 |
50 |
|
16 |
To authorise the Directors to dis-apply pre‑emption rights* |
1,153,301,199 |
99.78
|
2,569,429
|
0.22
|
1,155,870,628 |
91.23 |
50 |
|
17 |
To authorise the Directors to dis-apply pre‑emption rights up to a further 5 per cent for the purposes of financing an acquisition or other capital investment* |
1,102,729,750 |
95.40
|
53,140,878
|
4.60
|
1,155,870,628 |
91.23 |
50 |
|
18 |
To authorise the Company to purchase its own shares* |
1,153,399,700 |
99.79 |
2,470,928 |
0.21 |
1,155,870,628 |
91.23 |
50 |
|
19 |
To authorise political donations and expenditure |
1,138,923,235 |
98.53
|
16,947,393
|
1.47
|
1,155,870,628 |
91.23 |
50 |
|
20 |
To authorise the Board to call general meetings (other than annual general meetings) on a minimum of 14 clear days' notice* |
1,148,613,171 |
99.37 |
7,257,356 |
0.63 |
1,155,870,527 |
91.23 |
151 |
^ Resolution 3 in respect of the payment of the final dividend was withdrawn by the Board as notified to the market on 30 April 2020, therefore this resolution was not put to the AGM.
* Special resolution
|
VOTES EXCLUDING CONTROLLING SHAREHOLDERS ON THE RESOLUTIONS CONCERNING THE ELECTION OF THE INDEPENDENT NON-EXECUTIVE DIRECTORS |
||||||||
|
Resolution |
Votes For
|
% For |
Votes Against
|
% Against
|
Votes Total |
% of Issued Share Capital Voted
|
Votes Withheld |
|
|
7 |
To re-elect Gawad Abaza as a Director |
307,755,535 |
92.84 |
23,748,312 |
7.16 |
331,503,847 |
26.17 |
50 |
|
8 |
To re-elect Carol Arrowsmith as a Director |
331,502,672 |
99.99 |
1,175 |
0.01 |
331,503,847 |
26.17 |
50 |
|
9 |
To re-elect Thembalihle Hixonia Nyasulu as a Director |
331,502,672 |
99.99 |
1,175 |
0.01 |
331,503,847 |
26.17 |
50 |
|
10 |
To re-elect Christopher Rogers as a Director |
331,502,672 |
99.99 |
1,175 |
0.01 |
331,503,847 |
26.17 |
50 |
Notes:
1. Any proxy appointments which gave discretion to the Chairman have been included in the 'For' total.
2. The total number of ordinary shares of US$0.50 in issue at 18 May 2020 was 1,266,941,899. Shareholders are entitled to one vote per share.
3. Total ordinary shares held by shareholders excluding the controlling shareholders at 18 May 2020 was 442,575,118.
4. A 'Vote withheld' is not a vote in law and is not counted towards the proportion of votes 'For' or 'Against' a resolution.
Copies of the Company's announcements are available on our website: https://investors.vivoenergy.com
In accordance with Listing Rule 9.6.2, copies of the resolutions passed as special business have been submitted to the UK Listing Authority and will shortly be available for inspection at the National Storage Mechanism document viewing facility at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
For further information, please contact:
Claire Dhokia
Company Secretary
+44 2030 343 718
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