Conduit Holdings Limited - Results of 2022 AGM
Conduit Holdings Limited - Results of 2022 AGM
Conduit Holdings Limited ("CHL" or "Conduit Re") (Ticker:CRE)
Pembroke, Bermuda - 12 May 2022
Results of 2022 AGM
Conduit Holdings Limited announces the result of voting on the resolutions at its 2022 Annual General Meeting ('AGM') held on Wednesday 11 May 2022. The meeting considered the 18 resolutions as set out in the AGM Notice dated 8 April 2022.
Each of the resolutions was duly passed by the required majority. Resolutions 1 to 16 were passed as ordinary resolutions. Resolutions 17 and 18 were passed as special resolutions. The total number of votes received for each resolution is set out below.
A copy of the special resolutions passed will be submitted to the National Storage Mechanism and available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
On the voting record date, 9 May 2022, CHL held 522,823 of its common shares in treasury and had 165,239,997 common shares in issue (including treasury shares). Therefore, the total voting rights in CHL on 9 May 2022 was 164,717,174.
|
Resolution |
Votes For |
% Votes Cast |
Votes Against |
% Votes Cast |
Votes Withheld |
Total Votes Cast (excluding Votes Withheld) |
% of Issued Share Capital voted |
|
1. To receive the Company's audited consolidated financial statements for the financial period ended 31 December 2021 and the reports of the Directors and the Auditors thereon (the "Annual Report and Accounts") |
134,230,916 |
100.00 |
0 |
0.00 |
0 |
134,230,916 |
81.23 |
|
2. To approve the Directors' Remuneration Policy as set out in the second part of the Directors' Remuneration Report for the year ended 31 December 2021. |
131,008,002 |
97.60 |
3,222,914 |
2.40 |
0 |
134,230,916 |
81.23 |
|
3. To approve the Annual Report on Remuneration as set out in the third part of the Directors' Remuneration Report for the year ended 31 December 2021 |
132,758,002 |
99.98 |
22,914 |
0.02 |
1,450,000 |
132,780,916 |
80.36 |
|
4. To approve the reduction of the Company's share premium account from US$ 1,054,983,424.67 to nil and that such amount thereafter be credited to the Company's contributed surplus account to be effective as of the date of the shareholder approval. |
134,230,916 |
100.00 |
0 |
0.00 |
0 |
134,230,916 |
81.23 |
|
5. To re-elect Neil Eckert as a Director of the Company. |
132,440,890 |
98.67 |
1,790,026 |
1.33 |
0 |
134,230,916 |
81.23 |
|
6. To re-elect Trevor Carvey as a Director of the Company. |
134,230,916 |
100.00 |
0 |
0.00 |
0 |
134,230,916 |
81.23 |
|
7. To re-elect Elaine Whelan as a Director of the Company. |
134,069,427 |
99.88 |
161,489 |
0.12 |
0 |
134,230,916 |
81.23 |
|
8. To re-elect Sir Brian Williamson as a Director of the Company. |
126,501,256 |
94.24 |
7,729,660 |
5.76 |
0 |
134,230,916 |
81.23 |
|
9. To re-elect Malcolm Furbert as a Director of the Company. |
134,206,721 |
99.98 |
24,195 |
0.02 |
0 |
134,230,916 |
81.23 |
|
10. To re-elect Elizabeth Murphy as a Director of the Company. |
134,206,721 |
99.98 |
24,195 |
0.02 |
0 |
134,230,916 |
81.23 |
|
11. To re-elect Dr Richard L. Sandor as a Director of the Company. |
134,206,721 |
99.98 |
24,195 |
0.02 |
0 |
134,230,916 |
81.23 |
|
12. To re-elect Ken Randall as a Director of the Company. |
134,206,721 |
99.98 |
24,195 |
0.02 |
0 |
134,230,916 |
81.23 |
|
13. To elect Michelle Seymour Smith as a Director of the Company |
134,230,916 |
100.00 |
0 |
0.00 |
0 |
134,230,916 |
81.23 |
|
14. To re-appoint KPMG Audit Limited as auditors of the Company to hold office until the conclusion of the next general meeting of the Company at which accounts are laid. |
134,230,916 |
100.00 |
0 |
0.00 |
0 |
134,230,916 |
81.23 |
|
15. To authorise the Directors to determine the remuneration of the auditors. |
134,230,916 |
100.00 |
0 |
0.00 |
0 |
134,230,916 |
81.23 |
|
16. To authorise the Allotment of Shares as detailed in the Notice of Meeting. |
133,707,045 |
99.61 |
523,871 |
0.39 |
0 |
134,230,916 |
81.23 |
|
SPECIAL RESOLUTIONS |
|
|
|
|
|
|
|
|
17. To authorise Disapplication of Pre-emption Rights as detailed in the Notice of Meeting. |
133,980,916 |
99.81 |
250,000 |
0.19 |
0 |
134,230,916 |
81.23 |
|
18. To authorise the Purchase of own Common Shares as detailed in the Notice. |
132,589,559 |
98.92 |
1,450,000 |
1.08 |
191,357 |
134,039,559 |
81.12 |
-END-
Media contacts
Haggie Partners - David Haggie, Caroline Klein
+44 (0) 207 562 4444
conduitre@haggie.co.uk
Investor relations and other enquiries:
info@conduitreinsurance.com
About Conduit Re
Conduit Re is a pure play global reinsurance business based in Bermuda. The main operating entity is Conduit Reinsurance Limited, which is licensed by the Bermuda Monetary Authority as a Class 4 reinsurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of "a-" to Conduit Reinsurance Limited. The outlook assigned to these ratings is stable.
Learn more about Conduit Re:
Website: https://conduitreinsurance.com/
LinkedIn: https://www.linkedin.com/company/conduit-re
Twitter: https://twitter.com/Conduit_Re
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