REG - Ocado Group PLC - Result of AGM

OcadoAnnouncement

29/04/2024 16:15

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RNS Number : 4644M  Ocado Group PLC  29 April 2024

RESULT OF AGM

OCADO GROUP PLC

29 April 2024

 

Ocado Group plc

Annual General Meeting 2024 Results

 

 

Ocado Group plc ("Ocado") held its Annual General Meeting (the "AGM") on 29
April 2024.

 

Resolutions 1 to 19 (inclusive) were passed as ordinary resolutions;
resolutions 20 to 23 (inclusive) were passed as special resolutions. Results
of the poll for each resolution are shown in the table below.

 

 Resolutions                                                                         For                 Against             Total Votes  Votes Withheld
         Votes                                                                       %            Votes  %
 1.      To receive the Annual Report and Accounts                                   654,682,528  99.99  75,622       0.01   654,758,150  7,550,831
 2.      Approval of the Directors' Remuneration Policy                              533,525,459  80.57  128,698,258  19.43  662,223,717  85,264
 3.      Approval of the Directors' Remuneration Report                              654,618,469  98.86  7,568,632    1.14   662,187,101  111,880
 4.      To re-elect Rick Haythornthwaite as a Director of the Company               652,769,259  98.56  9,517,716    1.44   662,286,975  112,006
 5.      To re-elect Tim Steiner as a Director of the Company                        661,914,068  99.95  306,780      0.05   662,220,848  88,133
 6.      To re-elect Stephen Daintith as a Director of the Company                   655,777,490  99.23  5,105,787    0.77   660,883,277  1,515,704
 7.      To re-elect Jörn Rausing as a Director of the Company                       653,821,928  98.73  8,387,603    1.27   662,209,531  99,450
 8.      To re-elect Andrew Harrison as a Director of the Company                    650,298,286  98.48  10,033,250   1.52   660,331,536  1,977,445
 9.      To re-elect Emma Lloyd as a Director of the Company                         656,326,650  99.11  5,876,783    0.89   662,203,433  105,547
 10.     To re-elect Julie Southern as a Director of the Company                     643,006,654  97.10  19,199,765   2.90   662,206,419  102,562
 11.     To re-elect Nadia Shouraboura as a Director of the Company                  656,317,914  99.11  5,883,867    0.89   662,201,781  107,200
 12.     To re-elect Julia M. Brown as a Director of the Company                     655,371,738  98.97  6,830,639    1.03   662,202,377  106,604
 13.     To elect Rachel Osborne as a Director of the Company                        648,113,609  97.87  14,085,872   2.13   662,199,481  109,500
 14.     To re-appoint Deloitte LLP as auditor                                       638,797,200  96.66  22,042,244   3.34   660,839,444  1,469,537
 15.     To authorise the Audit Committee, on behalf of the Board, to determine the  651,844,030  98.43  10,414,835   1.57   662,258,865  50,116
         auditor's remuneration
 16.     Authority for political donations and political expenditure                 654,096,222  99.02  6,481,784    0.98   660,578,006  1,730,975
 17.     To approve the Ocado Performance Share Plan 2024                            533,887,730  80.62  128,364,705  19.38  662,252,435  56,546
 18.     Authority to allot shares up to one-third of issued share capital           657,383,243  99.26  4,874,691    0.74   662,257,934  51,047
 19.     Authority to allot shares in connection with a pre-emptive offer only       657,323,742  99.26  4,923,424    0.74   662,247,166  61,815
 20.     General authority to disapply pre-emption rights*                           581,263,857  87.77  80,986,329   12.23  662,250,186  58,795
 21.     Additional authority to disapply pre-emption rights*                        575,410,157  86.89  86,836,415   13.11  662,246,572  62,409
 22.     Authority to purchase own shares*                                           660,759,812  99.77  1,505,964    0.23   662,265,776  43,205
 23.     Notice of general meetings*                                                 655,680,833  99.00  6,593,178    1.00   662,274,011  34,970

 * Special Resolution

 

As required by the Listing Rules of the Financial Conduct Authority, a copy of
certain resolutions have been submitted to the Financial Conduct Authority via
the National Storage Mechanism. This document will be available shortly for
viewing at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

A copy of the Annual General Meeting results will be available on Ocado's
website: (http://www.ocadogroup.com/) www.ocadogroup.com
(http://www.ocadogroup.com/) .

 

Person responsible for arranging the release of this announcement:

 

Megan Barnes

Head of Secretariat

Ocado Group plc

Buildings One & Two, Trident Place,

Mosquito Way,

Hatfield

Hertfordshire, AL10 9UL

+ 44 1707 228 000

company.secretary@ocado.com

Ocado Group plc LEI: 213800LO8F61YB8MBC74

 

Notes:

 

(i) Votes 'withheld' are not votes under English law and so have not been
included in the calculation of whether a resolution is carried. Percentages
have been rounded to two decimal places.

 

(ii) As at 7.00am on 29 April 2024, the Company's issued share capital was
829,943,680 ordinary shares of 2p each admitted to trading. The Company does
not hold any ordinary shares in treasury. Each ordinary share carries the
right to one vote in relation to all circumstances at general meetings of the
Company. Of these issued ordinary shares: (1) 2,589,946 shares are held by
Solium Trustee (UK) Limited, the trustee for the Company's employee Share
Incentive Plan, who must vote, at the request of a participant, in respect of
ordinary shares held by the trustee on behalf of that participant; (2) 536,438
shares are held by Wealth Nominees Limited, and 9,917,035 shares are held by
Winterflood Client Nominees Limited, both on behalf of Ocorian Limited
(formerly known as Estera Trust (Jersey) Limited), the independent company
which is the trustee of Ocado's Employee Benefit Trust (the "EBT Trustee").
The EBT Trustee has waived its right to exercise its voting rights and to
receive dividends in respect of 9,917,035 ordinary shares, although it may
vote in respect of 536,438 ordinary shares which have vested under the joint
share ownership scheme and remain in the trust, at the request of a
participant. The total of 10,453,473 ordinary shares held by the EBT Trustee
are treated as treasury shares in the group's consolidated balance sheet in
accordance with IAS 32 ''Financial Instruments: Presentation''. As such,
calculations of earnings per share for Ocado exclude the 10,453,473 ordinary
shares held by the EBT Trustee.

 

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