REG - AO World plc - Result of AGM

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RNS Number : 3347Z  AO World plc  15 September 2025

15 September 2025

 

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                                              511,587,912  99.99      7,002          0.01     511,594,914                 516,166
 2   To approve the Directors' remuneration report                                   507,415,696  99.08      4,693,287      0.92     512,108,983                 2,097
 3   To approve the Directors' remuneration policy                                   477,803,948  93.3       34,305,027     6.7      512,108,975                 2,105
 4   To re-elect Geoff Cooper as a Director                                          474,875,274  93.69      31,996,557     6.31     506,871,831                 5,239,249
 5   To re-elect John Roberts as a Director                                          507,216,495  99.04      4,891,891      0.96     512,108,386                 2,694
 6   To re-elect Mark Higgins as a Director                                          507,180,893  99.04      4,927,492      0.96     512,108,385                 2,695
 7   To re-elect Chris Hopkinson as a Director                                       488,949,609  95.51      22,980,717     4.49     511,930,326                 180,754
 8   To re-elect Shaun McCabe as a Director                                          497,261,388  97.1       14,844,998     2.9      512,106,386                 4,694
 9   To re-elect Peter Pritchard as a Director                                       498,039,189  97.29      13,891,137     2.71     511,930,326                 180,754
 10  To re-elect Sarah Venning as a Director                                         498,796,313  97.43      13,136,013     2.57     511,932,326                 178,754
 11  To re-appoint KPMG LLP as auditors                                              512,097,011  99.99      12,882         0.01     512,109,893                 1,187
 12  To authorise the Audit Committee to determine the remuneration of the auditors  512,097,089  99.99      7,383          0.01     512,104,472                 6,608
 13  To authorise the Directors to allot shares                                      510,088,207  99.61      2,018,183      0.39     512,106,390                 4,690
 14  To disapply pre-emption rights***                                               510,678,064  99.72      1,428,327      0.28     512,106,391                 4,689
 15  To disapply pre-emption rights - limited to an acquisition or capital           510,040,813  99.6       2,065,578      0.4      512,106,391                 4,689
     investment***
 16  To authorise the Company to purchase its own shares***                          508,036,334  99.22      4,008,434      0.78     512,044,768                 66,312
 17  To authorise the Company to make political donations                            483,238,566  94.36      28,871,322     5.64     512,109,888                 1,192
 18  To authorise the Company to hold general meetings on 14 days' notice***         509,197,475  99.43      2,912,418      0.57     512,109,893                 1,187

 

*      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

 

The maximum number of votes cast was 512,109,893 representing 88.24% of the
Company's issued share capital of 580,303,475 as at 6pm on 12 September 2025.

 

As noted in the Company's update this morning, the Company proposes to shortly
commence a share buyback programme of its ordinary shares for up to £10m (the
"Programme").  Shareholders have now renewed the authority for the Company to
do so (as per resolution 16 above).  The Company confirms that it has filed
interim accounts with Companies House for the period ended 15 August 2025. The
purpose of the accounts is to demonstrate that sufficient distributable
reserves are available for the upcoming Programme, in accordance with sections
836 and 838 of the Companies Act 2006. These accounts are for the Company only
and do not constitute consolidated group accounts. Once published at Companies
House, the Company expects to announce commencement of the Programme.

Enquiries:

AO World PLC

Julie Finnemore

Company Secretary

cosec@ao.com

 

 

 

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