REG - AO World plc - Result of AGM

AO WorldAnnouncement

19/07/2018 09:40

RNS Number : 1581V
AO World plc
19 July 2018
 


AO World PLC ("Company")
Result of Annual General Meeting
 
At the Annual General Meeting (AGM) of AO World plc held earlier today all the resolutions put to the meeting were passed.  Details of the votes cast are shown in the table below.
 







Resolution


Votes in favour*


Votes against


Total number of votes cast


Votes Withheld**




No. of shares


%


No. of shares


%


No. of shares




1


To receive the report and accounts


391,471,802


98.4


6,345,634


1.6


397,817,436


88,998




2


To approve the Directors' remuneration report


393,724,289


99.97


105,140


0.03


393,829,429


4,077,005




3


To approve the Directors remuneration policy


342,654,617


87.01


51,174,812


12.99


393,829,429


4,077,005




4


To approve the rules of the AO 2018 Incentive Plan (the "Plan") and authorise the Directors to make modifications and establish further plans based on the Plan


347,942,585


87.44


49,963,849


12.56


397,906,434


0




5


To re-elect Geoff Cooper as a Director


397,654,685


99.94


251,749


0.06


397,906,434


0




6


To re-elect John Roberts as a Director


396,592,000


99.67


1,314,435


0.33


397,906,435


0




7


To re-elect Steve Caunce as a Director


396,592,000


99.67


1,314,435


0.33


397,906,435


0




8


To re-elect Mark Higgins as a Director


396,592,000


99.67


1,314,435


0.33


397,906,435


0




9


To re-elect Brian McBride as a Director


396,149,854


99.56


1,756,581


0.44


397,906,435


0




10


To re-elect Chris Hopkinson as a Director


342,790,754


86.23


54,748,755


13.77


397,539,509


366,926




11


To re-elect Marisa Cassoni as a Director


396,225,834


99.58


1,680,600


0.42


397,906,434


0




12


To elect Jacqueline de Rojas as a Director


397,760,145


99.96


146,290


0.04


397,906,435


0




13


To re- appoint KPMG LLP as auditors


397,296,334


99.85


610,101


0.15


397,906,435


0




14


To authorise the Directors to determine the remuneration of the auditors


397,906,435


100


0


0


397,906,435


0




15


To authorise the Directors to allot shares


384,017,533


96.51


13,888,902


3.49


397,906,435


0




16


To disapply pre-emption rights***


397,900,435


100


0


0


397,900,435


6,000




17


To disapply pre-emption rights - limited to an acquisition or capital investment***


380,071,041


95.52


17,829,393


4.48


397,900,434


6,000




18


To authorise the Company to purchase its own shares***


393,800,669


98.97


4,105,765


1.03


397,906,434


0




19


To approve the waiver granted by the Takeover Panel of any obligation under Rule 9 of the Takeover Code for John Roberts and Steve Caunce
and any persons acting in concert with them to make an offer for the
Company following a purchase of shares by the Company****


182,541,397


77.33


53,518,278


22.67


236,059,675


161,846,760




20


To approve the waiver granted by the Takeover Panel of any obligation
under Rule 9 of the Takeover Code for John Roberts and Steve Caunce
and any persons acting in concert with them to make an offer for the
Company following the exercise and/or vesting of their options over ordinary shares
in the Company****


228,142,526


96.65


7,917,148


3.35


236,059,674


161,846,760




21


To authorise the Company to make political donations


396,872,534


99.74


1,027,381


0.26


397,899,915


6,520




22


To authorise the Company to hold general meetings on 14 days' notice***


397,180,188


99.82


726,247


0.18


397,906,435


0



 
*      Includes those votes giving the Chairman discretion
**    A vote 'Withheld' has no legal effect and is not counted in the votes 'For' and 'Against' a resolution
***  Passed as special resolutions
**** As required by the Takeover Code, John Roberts and Steve Caunce (and their Persons Closely Associated) have not voted their aggregate shareholding of 161,479,834 Ordinary Shares
 
The maximum number of votes cast was 397,906,435 representing 86.73% of the Company's issued share capital of 458,788,480 as at 6pm on 18 July 2018.
 
In accordance with Listing Rule 9.6.2, copies of all the resolutions passed as special business have been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM 
 
Enquiries:
AO World plc
Julie Finnemore
Company Secretary
Tel: +44(0)1204 672400
 
 




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