30 July 2020
STOBART GROUP LIMITED
('Stobart Group' or 'the Group')
Result of AGM
Stobart Group, the aviation and energy infrastructure group, announces the result of voting on the resolutions at its Annual General Meeting, held at 11.00 a.m. on 30 July 2020.
Resolutions 1 to 20 in the Notice of Annual General Meeting were passed by the required majority by means of a poll. The results of the poll on each resolution are set out below.
|
|
For |
Against |
Total votes cast |
Votes withheld |
||
|
Resolution |
No. of votes |
% |
No. of votes |
% |
No. of votes |
No. of votes |
|
1. Receive the 2020 Annual Accounts, Directors' Report and Auditor's Report |
468,491,307 |
93.58 |
32,152,506 |
6.42 |
500,643,813 |
1,905,496 |
|
2. Re-elect David Shearer as a Director |
499,707,895 |
99.44 |
2,817,364 |
0.56 |
502,525,259 |
24,050 |
|
3. Re-elect Warwick Brady as a Director |
500,747,935 |
99.94 |
309,999 |
0.06 |
501,057,934 |
1,491,376 |
|
4. Re-elect Nick Dilworth as a Director |
500,849,041 |
99.96 |
208,893 |
0.04 |
501,057,934 |
1,491,376 |
|
5. Re-elect Lewis Girdwood as a Director |
502,305,433 |
99.96 |
221,327 |
0.04 |
502,526,760 |
22,550 |
|
6. Re-elect Ginny Pulbrook as a Director |
501,751,448 |
99.85 |
770,094 |
0.15 |
502,521,542 |
27,768 |
|
7. Re-elect John Coombs as a Director |
488,324,033 |
97.17 |
14,196,508 |
2.83 |
502,520,541 |
28,768 |
|
8. Re-elect David Blackwood as a Director |
501,820,633 |
99.86 |
700,909 |
0.14 |
502,521,542 |
27,768 |
|
9. Approve the appointment of Clive Condie as a Director |
502,437,910 |
99.98 |
85,121 |
0.02 |
502,523,031 |
26,279 |
|
10. Re-appoint KPMG LLP as Auditors |
500,888,311 |
99.98 |
109,232 |
0.02 |
500,997,543 |
1,551,767 |
|
11. Authorise the Directors to determine the Auditors' remuneration |
502,418,979 |
99.98 |
97,262 |
0.02 |
502,516,241 |
33,069 |
|
12. Approve the Directors' Remuneration Report |
500,752,943 |
99.65 |
1,765,417 |
0.35 |
502,518,360 |
30,949 |
|
13. Approve the Directors' Remuneration Policy |
482,484,623 |
96.02 |
20,019,757 |
3.98 |
502,504,380 |
44,929 |
|
14. Approve the rules and adoption of the 2020 Long Term Incentive Plan |
500,757,799 |
99.66 |
1,705,359 |
0.34 |
502,463,158 |
86,151 |
|
15. Approve the rules and adoption of the 2020 Deferred Bonus Plan |
500,757,588 |
99.66 |
1,701,216 |
0.34 |
502,458,804 |
90,505 |
|
16. Authorise the issuance of shares |
501,245,482 |
99.76 |
1,225,511 |
0.24 |
502,470,993 |
78,317 |
|
|
|
|
|
|
|
|
|
17. Disapply pre- emption rights |
467,946,980 |
93.13 |
34,519,870 |
6.87 |
502,466,850 |
82,460 |
|
18. Additional disapplication of pre-emption rights |
435,836,769 |
86.74 |
66,628,969 |
13.26 |
502,465,738 |
83,571 |
|
19. Authorise the Company to make market acquisitions of its ordinary shares |
500,813,506 |
99.66 |
1,699,453 |
0.34 |
502,512,959 |
36,350 |
|
20. Adopt the new Articles of Incorporation |
500,824,097 |
99.97 |
166,065 |
0.03 |
500,990,162 |
1,559,147 |
The number of ordinary shares in issue on 30 July 2020 was 624,926,123. 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.
A copy of resolutions 14 to 20 (being the special business of the Annual General Meeting, as set out in the notice of the Annual General Meeting) passed, will shortly be submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/nsm.
|
Enquiries: |
|
|
Stobart Group Limited |
|
|
Charlie Geller, Group Head of Communications |
c/o Newgate Communications |
|
Newgate Communications |
+44 203 757 6880 +44 203 757 6884 |
|
Giles Croot / Ian Silvera / Isabelle Smurfit
|
stobart@newgatecomms.com |
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