REG-easyJet plc Result of AGM

easyJetAnnouncement

09/02/2023 13:00

============

easyJet plc (EZJ)
Result of AGM

09-Feb-2023 / 12:45 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

═══════════════════════════════════════════════════════════════════════════════════════════

9 February 2023

                                        easyJet plc

                                      (the “Company”)

                             Results of Annual General Meeting

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 15  were each passed as an  Ordinary Resolution (requiring a  simple
majority for them to  be passed) and  resolutions 16 to  19 were each  passed as a  Special
Resolution (requiring at least a 75% majority for them to be passed).

 

The polling results for each resolution are set out below:

 

                                                                           % of
Resolution                  Votes For    %     Votes      %   Total Votes  ISC     Votes
                                              Against                            Withheld2
                                                                          Voted1
    To receive the Annual
1.  Report and Accounts    246,337,345 99.96  100,024   0.04  246,437,369 32.51% 10,437,562
    for the year ended 30
    September 2022
    To approve the
2.  Directors’             197,315,595 80.59 47,513,517 19.41 244,829,112 32.30% 12,053,532
    Remuneration Report
3.  To re-appoint Stephen  209,989,961 89.33 25,081,601 10.67 235,071,562 31.01% 21,810,163
    Hester as a Director
4.  To re-appoint Johan    234,202,817 95.66 10,627,748 4.34  244,830,565 32.30% 12,056,239
    Lundgren as a Director
5.  To re-appoint Kenton   244,174,243 99.77  570,281   0.23  244,744,524 32.29% 12,124,751
    Jarvis as a Director
    To re-appoint
6.  Catherine Bradley CBE  253,205,729 98.69 3,363,836  1.31  256,569,565 33.85%  308,488
    as a Director
    To re-appoint Sheikh
7.  Mansurah Tal-At        243,853,848 95.04 12,713,328 4.96  256,567,176 33.85%  315,180
    (‘Moni’) Mannings as a
    Director
8.  To re-appoint David    256,053,378 99.82  469,009   0.18  256,522,387 33.84%  358,902
    Robbie as a Director
9.  To appoint Ryanne van  256,105,370 99.83  430,662   0.17  256,536,032 33.84%  342,433
    der Eijk as a Director
    To appoint Harald
10. Eisenächer as a        256,104,056 99.84  416,333   0.16  256,520,389 33.84%  357,284
    Director
11. To appoint Dr. Detlef  256,096,533 99.83  432,773   0.17  256,529,306 33.84%  349,788
    Trefzger as a Director
    To re-appoint
12. PricewaterhouseCoopers 241,673,679 94.29 14,640,545 5.71  256,314,224 33.81%  563,179
    LLP as auditors of the
    Company
    To authorise the Audit
13. Committee to determine 252,822,206 98.53 3,774,808  1.47  256,597,014 33.85%  276,350
    the auditors’
    remuneration
    To authorise the
    Company and its
14. subsidiaries to make   234,076,125 91.21 22,552,934 8.79  256,629,059 33.86%  254,412
    political donations
    and incur political
    expenditure
    To authorise the
15. Directors to allot     200,677,803 84.87 35,778,698 15.13 236,456,501 31.19% 20,423,995
    shares
    To disapply
16. pre-emption rights     212,997,843 83.04 43,510,548 16.96 256,508,391 33.84%  363,636
    (Special Resolution)
    To disapply
    pre-emption rights -
17. specified capital      205,420,947 80.08 51,102,295 19.92 256,523,242 33.84%  358,107
    investments (Special
    Resolution)
    To authorise the
18. Company to purchase    234,529,532 91.41 22,052,097 8.59  256,581,629 33.85%  297,295
    its own shares
    (Special Resolution)
    To authorise the
    Company to call
19. general meetings on    249,401,662 97.20 7,183,555  2.80  256,585,217 33.85%  292,919
    not less than 14 clear
    days’ notice (Special
    Resolution)

Notes:

 1. Based on total issued share capital of 758,010,025 ordinary shares (as at 7 February
    2023).
 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 7 February 2023 were 758,010,025.
 4. As set out in the Notice of AGM, the Board is ensuring the Company complies with
    European ownership and control requirements by exercising its powers to suspend voting
    rights of certain UK and non-EU nationals. At the time of the AGM, the level of
    ownership by EU persons was 38.4% and accordingly, easyJet has suspended voting rights
    in respect of certain shares ("Affected Shares") held by non-EU shareholders and the
    polling results noted above reflect these actions. Such Affected Shares continued to
    count in the calculation of issued share capital and total voting rights of the
    Company.

 

 

Board & Committee changes

Julie Southern and Andreas Bierwirth did not put themselves forward for re-election at the
AGM and therefore stood down from the Board at the conclusion of the meeting. As a result,
the following changes have been made to the membership and constitution of the Committees
with effect from the close of the AGM:

 

  • David Robbie has succeeded Julie Southern as Chair of the Audit Committee.
  • The Safety Committee has been renamed the Safety & Operational Readiness Committee to
    better reflect the scope of its activities and Dr Detlef Trefzger has succeeded Andreas
    Bierwirth as Chair. The revised terms of reference are available at
     1 https://corporate.easyjet.com/investors/governance.  
  • David Robbie and Dr Detlef Trefzger have become members of the Nominations Committee.

 

The full membership of the Board Committees from the close of the AGM will be as follows:

  • Audit Committee: David Robbie (Chair), Catherine Bradley, Dr Detlef Trefzger.
  • Remuneration Committee: Moni Mannings (Chair), Harald Eisenächer, David Robbie.
  • Nominations Committee: Stephen Hester (Chair), Catherine Bradley, Moni Mannings, David
    Robbie, Dr Detlef Trefzger.
  • Safety & Operational Readiness Committee: Dr Detlef Trefzger (Chair), Ryanne van der
    Eijk.
  • Finance Committee: Catherine Bradley (Chair), Harald Eisenächer, David Robbie.

As previously announced Sue Clark will join the Board as Senior Independent Director and a
member of the Audit, Nominations and Safety & Operational Readiness Committees with effect
from 1 March 2023.

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 and will shortly be available to view at
 2 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
Adrian Talbot   Investor Relations       +44 (0) 7971 592 373
                                          
Media:
Anna Knowles    Corporate Communications +44 (0)7985 873 313
Edward Simpkins FGS Global               +44 (0)7947 740 551 / (0)207 251 3801
Dorothy Burwell FGS Global               +44 (0)7733 294 930 / (0)207 251 3801

 

LEI: 2138001S47XKWIB7TH90

═══════════════════════════════════════════════════════════════════════════════════════════

   ISIN:           GB00B7KR2P84
   Category Code:  RAG
   TIDM:           EZJ
   LEI Code:       2138001S47XKWIB7TH90
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   222127
   EQS News ID:    1556321


    
   End of Announcement EQS News Service

   ══════════════════════════════════════════════════════════════════════════

    3 fncls.ssp?fn=show_t_gif&application_id=1556321&application_name=news&site_id=refinitiv2

References

   Visible links
   1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=47b4ce09d9e0860804f319050520ce8f&application_id=1556321&site_id=refinitiv2&application_name=news
   2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=1e84eb6c3310c93f7fb161c09372521b&application_id=1556321&site_id=refinitiv2&application_name=news


============