REG-FirstGroup PLC: Result of Meeting

FirstgroupAnnouncement

27/05/2021 14:40

FIRSTGROUP PLC

RESULT OF GENERAL MEETING

FirstGroup plc (the 'Company') announces that the resolution to approve the
sale of First Student and First Transit to EQT Infrastructure (the 'Sale') was
passed by the Company’s shareholders on a poll today. The results of the
poll are shown in the table below and will also be available on the
Company’s website.

Commenting on the voting results, FirstGroup Chairman David Martin said:

"We welcome the support of shareholders in approving the sale of First Student
and First Transit. Through this transaction, FirstGroup will return value to
shareholders, address its long-standing liabilities and make a substantial
contribution to its pension schemes. The vital role of public transport in the
UK has never been clearer, and FirstGroup will be in prime position to deliver
on its goals with a well-capitalised balance sheet and an operating model that
will support an attractive dividend for shareholders.

"I and the whole Board take very seriously our responsibility to understand
the different views and perspectives of investors, and recognise that a number
of shareholders did not vote in favour of today's resolution. As FirstGroup
enters a new and exciting phase in its development, I look forward to
continuing an open and constructive dialogue with all shareholders as we look
to the future."

                                  FOR                       AGAINST                TOTAL           WITHHELD     
                      Number of votes  % of vote  Number of votes  % of vote  Number of votes  Number of votes  
 To approve the Sale    634,485,282       61.3      400,183,387       38.7     1,034,668,669       377,312      

Votes 'For' and 'Against' are expressed as a percentage of votes received. A
'Vote withheld' is not a vote in law and is not counted in the calculation of
the votes 'For' and 'Against' a resolution. The Company's issued share capital
as at today's date is 1,222,228,141 ordinary shares and the number of votes
per share is one. The Company held 157,229 shares in Treasury, which do not
carry any voting rights. The resolution was proposed as an ordinary
resolution. A copy of the resolution will be submitted to the Financial
Conduct Authority's National Storage Mechanism (the 'NSM') and will be
available for inspection on the NSM's website at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Votes were cast for a total of 1,035,045,981 ordinary shares of 5 pence per
share, representing 84.7% of the total number of votes capable of being cast
at the General Meeting. In total, 51.9% of the Company's voting issued share
capital voted in favour of the resolution.

The Board expects that, subject to the satisfaction and/or waiver (where
applicable) of the other conditions precedent to the Sale, completion will
occur in the second half of the 2021 calendar year. It is envisaged that,
shortly following completion, full details of a proposed return of value to
FirstGroup shareholders will be made available and, if necessary, a general
meeting of the Company will be convened to seek shareholder approval to effect
the proposed return of value.

Contacts at FirstGroup:
Faisal Tabbah, Head of Investor Relations
Stuart Butchers, Group Head of Communications
corporate.comms@firstgroup.com
+44 (0) 20 7725 3354

Contacts at Brunswick PR:
Andrew Porter / Simone Selzer, Tel: +44 (0) 20 7404 5959

Legal Entity Identifier (LEI): 549300DEJZCPWA4HKM93. Classification as per DTR
6 Annex 1R: 3.1.

About FirstGroup

FirstGroup plc (LSE: FGP.L) is a leading provider of transport services in the
UK and North America. With £7.8bn in revenue in the year to 31 March 2020 and
around 100,000 employees, we transported 2.1bn passengers. Whether for
business, education, health, social or recreation – we get our customers
where they want to be, when they want to be there. We create solutions that
reduce complexity, making travel smoother and life easier. We provide easy and
convenient mobility, improving quality of life by connecting people and
communities. Visit our website at www.firstgroupplc.com and follow us
@firstgroupplc on Twitter.



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