REG - Currys PLC - Result of AGM

CurrysAnnouncement

07/09/2023 14:00

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RNS Number : 7585L  Currys PLC  07 September 2023

7 September 2023

 

 

CURRYS PLC

 

ANNUAL GENERAL MEETING 2023 - POLL RESULTS

The Board of Currys plc ('the Company') is pleased to announce that all the
resolutions put to its Annual General Meeting held at 11:00am on Thursday 7
September 2023, were duly passed by the requisite majorities on a poll.

The results of the poll were as follows:

 

 Resolutions                                                                            Votes For            Votes Against         Votes Total  Issued Share Capital Voted  Votes Withheld
         Number                                                                         %            Number  %            Number   %            Number
 1.      To receive the Annual Report and Accounts, including the strategic report and  912,881,832  99.62   3,484,254    0.38     916,366,086  80.84%                      590,354
         the reports of the directors and auditor for the period ended 29 April 2023
 2.      To approve the Directors' Annual Remuneration Report                           722,959,173  78.85   193,926,336  21.15    916,885,509  80.89%                      70,389
 3.      To elect Magdalena Gerger as a director                                        916,728,536  99.98   149,347      0.02     916,877,883  80.89%                      78,955
 4.      To elect Adam Walker as a director                                             916,759,861  99.99   124,951      0.01     916,884,812  80.89%                      71,837
 5.      To re-elect Alex Baldock as a director                                         916,572,363  99.96   331,764      0.04     916,904,127  80.89%                      52,940
 6.      To re-elect Eileen Burbidge MBE                                                916,554,317  99.96   349,247      0.04     916,903,564  80.89%                      53,085
 7.      To re-elect Tony DeNunzio CBE as a director                                    793,664,509  86.56   123,236,309  13.44    916,900,818  80.89%                      55,831
 8.      To re-elect Ian Dyson as a director                                            898,045,541  97.94   18,849,814   2.06     916,895,355  80.89%                      61,294
 9.      To re-elect Bruce Marsh as a director                                          915,480,442  99.85   1,407,728    0.15     916,888,170  80.89%                      68,061
 10.     To re-elect Fiona McBain as a director                                         916,588,143  99.97   309,074      0.03     916,897,217  80.89%                      59,014
 11.     To re-elect Gerry Murphy as a director                                         913,159,594  99.59   3,738,613    0.41     916,898,207  80.89%                      58,024
 12.     To re-appoint KPMG LLP as auditor of the Company                               873,447,511  95.26   43,447,787   4.74     916,895,298  80.89%                      60,933
 13.     To authorise the directors to determine the auditor's remuneration             916,830,517  99.99   78,102       0.01     916,908,619  80.89%                      48,219
 14.     To authorise political donations not exceeding £25,000 in total                907,159,028  98.94   9,759,337    1.06     916,918,365  80.89%                      38,284
 15.     Authority to allot shares                                                      910,156,237  99.26   6,755,172    0.74     916,911,409  80.89%                      45,240
 16.     To approve and authorise the directors to implement and operate the Currys     915,845,448  99.88   1,061,335    0.12     916,906,783  80.89%                      50,284
         Savings-Related Share Option Scheme 2023 ('SAYE')
 17.     Authority to dis-apply    pre-emption rights *                                 916,721,475  99.98   166,146      0.02     916,887,621  80.89%                      68,610
 18.     Authority for the Company to purchase its own shares *                         873,309,579  95.26   43,459,716   4.74     916,769,295  80.88%                      187,354
 19.     Authority to call general meetings at short notice *                           905,551,450  98.76   11,372,888   1.24     916,924,338  80.89%                      32,322

* Special Resolutions

 

Resolution 2 - Directors' Remuneration Report

The Board welcomes the 78.85% vote in favour of our Remuneration Report,
including the support from most of our large shareholders. However, despite
this vote in favour, the Board acknowledges that a significant minority of
shareholders did not support this Resolution.

 

Over the past year we have engaged extensively with our shareholders on our
approach to executive remuneration. The views of our shareholders are
important to us and the feedback we have received to date has been helpful.
Our shareholders are diverse and offer a range of different perspectives on
our approach, some of which are contradictory. The Remuneration Committee will
seek to consult further with shareholders to understand and discuss the
specific rationale for any votes against our report.

 

The Company will publish an update on this engagement by 7 March 2024.

 

Notes:

1.   The total number of ordinary shares of 0.1p each in issue on the share
register as at the date of meeting was 1,133,494,651 and all of these have
voting rights.

2.   Percentages above are rounded to 2 decimal places.

3.   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, the
total votes validly cast or the calculation of the proportion of issued share
capital voted.

 

In accordance with Listing Rule 9.6.2R, a copy of the resolutions, other than
those concerning ordinary business, passed at the Annual General Meeting have
been submitted to the National Storage Mechanism and will shortly be available
for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

Further information:

Nigel Paterson, Company Secretary and General Counsel

Currys plc

Tel: +44 (0)20 3110 4411

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