REG - easyJet PLC - Result of AGM
RNS Number : 7132JeasyJet PLC23 December 202023 December 2020
easyJet plc
(the "Company")
Results of Annual General Meeting held on 23 December 2020
The Company announces the voting results of its Annual General Meeting ('AGM') held earlier today.
All resolutions put to the meeting were passed with the requisite majority by means of a poll. Resolutions 1 to 8 and 10 to 17 were each passed as an Ordinary Resolution (requiring a simple majority for them to be passed) and resolutions 18 to 21 were each passed as a Special Resolution (requiring at least a 75% majority for them to be passed). Further to the Company's announcement on 21 December 2020, Resolution 9 was withdrawn.
The polling results for each resolution are set out below:
Resolution
Votes For
%
Votes Against
%
Total Votes
% of ISC
Voted1
Votes Withheld2
1.
To receive the Annual Report and Accounts for the year ended 30 September 2020
177,605,156
99.88
212,605
0.12
177,817,761
38.93
131,514,363
2.
To approve the Directors' Remuneration Policy
170,640,512
95.79
7,497,351
4.21
178,137,863
39.00
131,196,347
3.
To approve the Directors' Remuneration Report
177,627,469
99.72
498,511
0.28
178,125,980
39.00
131,206,724
4.
To re-appoint John Barton as a Director
177,628,335
57.43
131,645,289
42.57
309,273,624
67.71
57,734
5.
To re-appoint Johan Lundgren as a Director
177,759,671
57.47
131,529,397
42.53
309,289,068
67.72
46,520
6.
To re-appoint Andrew Findlay as a Director
177,846,653
57.51
131,422,099
42.49
309,268,752
67.71
60,546
7.
To re-appoint Dr Andreas Bierwirth as a Director
177,779,433
57.48
131,485,024
42.52
309,264,457
67.71
61,544
8.
To re-appoint Catherine Bradley CBE as a Director
177,047,752
57.25
132,211,688
42.75
309,259,440
67.71
67,944
9.
Withdrawn
10.
To re-appoint Nick Leeder as a Director
177,856,271
57.51
131,401,040
42.49
309,257,311
67.71
69,671
11.
To re-appoint Julie Southern as a Director
174,683,039
56.63
133,794,229
43.37
308,477,268
67.54
846,362
12.
To appoint Sheikh Mansurah Tal-At ('Moni') Mannings as a Director
177,528,729
57.44
131,514,714
42.56
309,043,443
67.66
281,452
13.
To appoint David Robbie as a Director
177,114,841
57.27
132,132,877
42.73
309,247,718
67.71
79,666
14.
To re-appoint PricewaterhouseCoopers LLP as auditors of the Company
170,248,180
95.57
7,883,125
4.43
178,131,305
39.00
131,194,506
15.
To authorise the Audit Committee to determine the auditors' remuneration
171,689,834
96.38
6,449,619
3.62
178,139,453
39.00
131,187,889
16.
To authorise the Company and its subsidiaries to make political donations and incur political expenditure
153,409,233
86.41
24,117,283
13.59
177,526,516
38.87
131,802,992
17.
To authorise the Directors to allot shares
154,846,664
86.92
23,295,798
13.08
178,142,462
39.00
131,185,948
18.
To disapply statutory pre-emption rights (Special Resolution)
161,853,537
90.90
16,201,952
9.10
178,055,489
38.98
131,260,229
19.
To authorise the Company to purchase its own shares (Special Resolution)
175,707,885
98.65
2,408,596
1.35
178,116,481
39.00
131,210,741
20.
To adopt new Articles of Association (Special Resolution)
162,097,898
91.03
15,981,811
8.97
178,079,709
38.99
131,244,799
21.
To authorise the Company to call general meetings on not less than 14 clear days' notice (Special Resolution)
173,621,203
97.47
4,512,807
2.53
178,134,010
39.00
131,188,079
Notes:
1. Based on total issued share capital of 456,749,631 ordinary shares
2. A vote withheld is not a vote in law and is not counted towards votes cast "For" or "Against" a resolution
3. The total voting rights of the Company on the day on which shareholders had to be on the register in order to be eligible to vote was 456,749,631
Resolutions 4 to 8 and 10 to 13
The Board notes that while resolutions 4 to 8 and 10 to 13 were passed with the necessary majority, they received less than 58% in favour. In accordance with the UK Corporate Governance Code the Board will continue to engage with shareholders to discuss their concerns but understands that this was predominantly as a result of the Company's largest shareholder (and its related parties) voting against these resolutions.
Board changes
As previously announced Charles Gurassa and Moya Greene DBE did not put themselves forward for re-election at the AGM and therefore stood down from the Board at the conclusion of the AGM.
As per the Company's announcement of 21 December 2020, Anastassia Lauterbach decided to resign as a director of the Company. Accordingly, resolution 9 was withdrawn.
National Storage Mechanism
In accordance with LR 9.6.2 copies of the resolutions passed as special business have been submitted to the FCA's National Storage Mechanism. A copy of the new Articles of Association have also been uploaded to the National Storage Mechanism as the document that sets out the terms and conditions on which its listed equity shares were issued in accordance with LR 9.2.6ER(1). Both documents will shortly be available to view at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
In case of queries please contact:
Institutional investors and analysts:
Michael Barker
Investor Relations
+44 (0) 7985 890 939
Holly Grainger
Investor Relations
+44 (0) 7583 101 913
Media:
Anna Knowles
Corporate Communications
+44 (0)7985 873 313
Dorothy Burwell
Finsbury
+44 (0) 7733 294 930
Edward Simpkins
Finsbury
+44 (0)7947 740 551 /
(0) 207 251 3801
LEI: 2138001S47XKWIB7TH90
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