REG-Ashtead Group Plc: AGM Statement & Results

AshteadAnnouncement

02/09/2025 18:00

 

Ashtead Group PLC

AGM Statement  

 

2 September 2025

 

ASHTEAD GROUP PLC

("Ashtead" or the "Company")

 

AGM Statement & Results

 

AGM Statement & Results

 

At the Annual General Meeting ("AGM") of the Company held on 2 September 2025
at 10:00am, all resolutions put to shareholders were duly passed on a poll
with the required majorities. The full text of each resolution is contained in
the Notice of Annual General Meeting. [Resolutions 1 to 14 were passed as
ordinary resolutions. Resolutions 15 - 18 were passed as special resolutions.]

 

As at 18:30 (UK time) on 1 September 2025, there was a total of 451,354,833
ordinary shares of the Company with 424,098,565 ordinary shares in issue and
27,256,268 ordinary shares in treasury, and therefore the number of ordinary
shares entitling the holders to attend and vote 'for' or 'against' all the
resolutions at the AGM was 424,098,565. In accordance with the Company's
Articles of Association, on a poll, every member present in person or by proxy
has one vote for every share held.

 

      ORDINARY RESOLUTIONS                                                                                                                                                                                                                                   Votes for (including discretionary votes)  % Votes for *      Votes against      % Votes against    Total no. of votes validly cast  % of Issued Share Capital voted  Votes withheld**   
 1.   That the accounts for the year ended 30 April 2025, the directors' report and the auditors' report be adopted.                                                                                                                                         318,543,482                                99.9768%           73,824             0.0232%            318,617,306                      75.13%                           1,536,099          
 2.   That the directors' remuneration report for the year ended 30 April 2025 be approved.                                                                                                                                                                  302,732,680                                94.5645%           17,400,776         5.4355%            320,133,456                      75.49%                           19,949             
 3.   That the final dividend recommended by the directors of 72.0 US cents per ordinary share for the year ended 30 April 2025 be declared payable on 10 September 2025 to holders of ordinary shares registered at the close of business on7 August 2025.  320,059,547                                99.9740%           83,236             0.0260%            320,142,783                      75.49%                           10,622             
 4.   That Paul Walker be re-elected as a director.                                                                                                                                                                                                          267,081,249                                83.4970%           52,788,096         16.5030%           319,869,345                      75.42%                           284,060            
 5.   That Brendan Horgan be re-elected as a director.                                                                                                                                                                                                       319,048,792                                99.6592%           1,091,016          0.3408%            320,139,808                      75.49%                           13,597             
 6.   That Angus Cockburn be re-elected as a director.                                                                                                                                                                                                       300,861,900                                93.9826%           19,263,259         6.0174%            320,125,159                      75.48%                           28,246             
 7.   That Jill Easterbrook be re-elected as a director.                                                                                                                                                                                                     308,333,705                                96.3130%           11,803,295         3.6870%            320,137,000                      75.49%                           16,405             
 8.   That Renata Ribeiro be re-elected as a director.                                                                                                                                                                                                       307,422,306                                96.0286%           12,714,047         3.9714%            320,136,353                      75.49%                           17,052             
 9.   That Roy Twite be re-elected as a director.                                                                                                                                                                                                            302,253,446                                94.4188%           17,866,572         5.5812%            320,120,018                      75.48%                           33,387             
 10.  That Nando Cesarone be elected as a director                                                                                                                                                                                                           317,306,618                                99.1157%           2,831,117          0.8843%            320,137,735                      75.49%                           15,670             
 11.  That James Singleton be elected as a director.                                                                                                                                                                                                         317,052,397                                99.0363%           3,085,133          0.9637%            320,137,530                      75.49%                           15,875             
 12.  That PwC be appointed as auditor of the Company.                                                                                                                                                                                                       319,908,405                                99.9338%           211,944            0.0662%            320,120,349                      75.48%                           33,056             
 13.  That the audit committee be authorised to agree the remuneration of the auditor of the Company.                                                                                                                                                        318,913,340                                99.6188%           1,220,387          0.3812%            320,133,727                      75.49%                           19,678             
 14.  That the directors are authorised to allot the shares under section 551 (1) (a) and (b) of the Companies Act 2006.                                                                                                                                     302,350,517                                94.4454%           17,782,160         5.5546%            320,132,677                      75.49%                           20,728             
      SPECIAL RESOLUTIONS                                                                                                                                                                                                                                    Votes for (including discretionary votes)  % Votes for *      Votes against      % Votes against    Total no. of votes validly cast  % of Issued Share Capital voted  Votes withheld**   
 15.  That the directors be empowered to disapply the provisions of section 561 (1) to (6) of the Companies Act 2006.                                                                                                                                        302,249,525                                94.4284%           17,833,852         5.5716%            320,083,377                      75.47%                           70,028             
 16.  That the directors be empowered to issue shares on a non pre-emptive basis.                                                                                                                                                                            290,005,323                                90.6705%           29,839,957         9.3295%            319,845,280                      75.42%                           308,125            
 17.  That the directors be authorised to make market purchases of the Company's shares under section 701 of the Companies Act.                                                                                                                              310,926,075                                97.1306%           9,185,209          2.8694%            320,111,284                      75.48%                           42,121             
 18.  That a general meeting other than an annual general meeting may be called on not less than 14 clear days' notice.                                                                                                                                      304,780,593                                95.2020%           15,360,254         4.7980%            320,140,847                      75.49%                           12,558             
 *    Includes discretionary votes                                                                                                                                                                                                                                                                                                                                                                                                                    
 **   A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "for" and "against" a resolution.                                                                                                                                                                                                                                                                                                         

 

 

The Ashtead Board is pleased to note that all resolutions were passed with the
requisite majority of votes and welcomes the overwhelming support of the
Company's shareholders for the majority of the resolutions proposed.

 

 

 

Contact:

 

Ashtead Group plc

Will Shaw (Investment Manager) - 020 7726 9700

 

H/Advisors Maitland                     

Sam Cartwright - 020 7379 5151

 

 

 

 



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