REG - On the Beach Group - Result of AGM
RNS Number : 2461COn the Beach Group PLC06 February 20206 February 2020
On The Beach Group plc (the "Company")
Result of Annual General Meeting
The Board of the Company announces that at its Annual General Meeting ("AGM") held today, 6 February 2020, all the resolutions considered at the AGM were duly passed by the required majority by means of a poll vote.
The results of the poll votes on the resolutions are shown in the table below:
Resolution
Votes for
Votes against
Total votes cast (excl. withheld)
Votes withheld
No. of votes
% of vote
No. of votes
% of vote
No. of votes
No. of votes
1.
To receive the report & accounts
108,062,353
100.00%
0
0.00%
108,775,983
713,630
2.
To approve the Directors' remuneration report
89,498,760
83.80%
17,298,452
16.20%
108,775,982
1,978,770
3.
Declare final dividend of 2.0p per share
108,775,983
100.00%
0
0.00%
108,775,983
0
4.
To appoint Richard Pennycook
107,704,557
99.59%
445,359
0.41%
108,775,982
626,066
5.
To re-appoint Simon Cooper as a Director
108,610,718
99.85%
165,265
0.15%
108,775,983
0
6.
To re-appoint Paul Meehan as a Director
108,607,568
99.85%
168,415
0.15%
108,775,983
0
7.
To re-appoint David Kelly as a Director
105,312,041
96.82%
3,463,941
3.18%
108,775,982
0
8.
To re-appoint Elaine O'Donnell as a director
108,287,756
99.55%
488,227
0.45%
108,775,983
0
9.
To appoint Ernst & Young LLP as auditors
108,775,776
100.00%
207
0.00%
108,775,983
0
10.
To authorise the directors to determine the auditor's remuneration.
108,771,181
100.00%
4,802
0.00%
108,775,983
0
11.
To authorise the directors to allot shares.
105,447,671
96.94%
3,328,312
3.06%
108,775,983
0
12.
To authorise political donations.
107,181,311
98.53%
1,594,587
1.47%
108,775,983
85
13.
To increase the borrowing limits of the Company
108,136,778
99.41%
639,204
0.59%
108,775,982
0
14.
To dis-apply statutory pre-emption rights
108,770,065
99.99%
5,918
0.01%
108,775,983
0
15.
To dis-apply statutory pre-emption rights (acquisition or capital investment).
95,184,346
87.50%
13,591,573
12.50%
108,775,982
63
16.
To authorise the purchase of own shares.
108,137,205
99.42%
634,182
0.58%
108,775,982
4,595
17.
To reduce the notice period required for General Meetings
107,559,533
98.88%
1,216,450
1.12%
108,775,983
0
Notes:
1. A 'Vote withheld' is not a vote in law and is not counted in the calculation of the proportion of the votes 'For' and 'Against' any resolution.
2. The Company's total ordinary shares in issue (total voting rights) as at the date of the AGM was 131,215,750 ordinary shares of £0.01 each. Ordinary shareholders are entitled to one vote per ordinary share held.
3. Resolutions 14 to 17 were passed as special resolutions.
4. In accordance with paragraph 9.6.2 of the LSE Listing Rules, a copy of the resolutions passed as special business at the AGM have been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM.
5. The complete poll results will be available shortly on the Company's website at: http://www.onthebeachgroupplc.com.
For further information:
On the Beach Group plc
Simon Cooper, Chief Executive Officer
Paul Meehan, Chief Financial Officer
Kirsteen Vickerstaff, Company Secretary
c/o FTI Consulting
FTI Consulting
Jonathon Brill
Alex Beagley
Fiona Walker
Tel: +44 (0)20 3727 1000
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