REG - QinetiQ Group plc - Result of AGM

QinetiqAnnouncement

20/07/2023 14:00

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RNS Number : 6994G  QinetiQ Group plc  20 July 2023

QINETIQ GROUP PLC

 

20 July 2023

 

QINETIQ GROUP PLC

(i)       Results of Annual General Meeting held on 20 July 2023

 

Poll Results of Annual General Meeting

QinetiQ Group plc ('QinetiQ') announces that all resolutions proposed at its
Annual General Meeting ('AGM') held on 20 July 2023 were duly passed with the
requisite majorities and the results of the poll are as follows:

 

                                                                                    VOTES FOR    %      VOTES AGAINST  %      TOTAL VOTES VALIDLY CAST  % OF SHARE CAPITAL WITH VOTING RIGHTS  VOTES WITHHELD
 1   To receive the Report and Accounts                                             477,859,142  99.87  622,292        0.13   478,481,434               82.67%                                 3,921,340
 2   To approve the Directors' Remuneration Report                                  414,786,551  85.99  67,584,010     14.01  482,370,561               83.35%                                 32,213
 3   To approve the Directors' Remuneration Policy                                  406,828,507  84.34  75,547,245     15.66  482,375,752               83.35%                                 26,105
 4   To declare a final dividend                                                    482,352,060  99.99  30,986         0.01   482,383,046               83.35%                                 17,101
 5   To elect Steve Mogford                                                         480,008,733  99.52  2,338,182      0.48   482,346,915               83.34%                                 51,978
 6   To re-elect Carol Borg                                                         480,780,895  99.67  1,579,028      0.33   482,359,923               83.34%                                 38,970
 7   To re-elect Shonaid Jemmett-Page                                               471,845,236  97.82  10,508,193     2.18   482,353,429               83.34%                                 45,464
 8   To re-elect Neil Johnson                                                       364,863,228  75.89  115,895,693    24.11  480,758,921               83.07%                                 1,639,972
 9   To re-elect General Sir Gordon Messenger                                       474,348,876  98.34  8,005,070      1.66   482,353,946               83.34%                                 44,947
 10  To re-elect Lawrence Prior III                                                 453,770,753  94.07  28,581,503     5.93   482,352,256               83.34%                                 46,465
 11  To re-elect Susan Searle                                                       471,020,464  97.65  11,330,293     2.35   482,350,757               83.34%                                 48,136
 12  To re-elect Steve Wadey                                                        481,618,537  99.84  747,851        0.16   482,366,388               83.35%                                 32,219
 13  To re-appoint Pricewaterhouse-Coopers LLP as auditor                           480,614,827  99.64  1,737,277      0.36   482,352,104               83.34%                                 31,273
 14  To authorise the Audit Committee to determine the remuneration of the auditor  482,216,390  99.97  148,995        0.03   482,365,385               83.35%                                 33,508
 15  To authorise the Company and its subsidiaries to make political donations      471,922,223  98.10  9,142,722      1.90   481,064,945               83.12%                                 1,335,928
 16  To approve the Annual Bonus Plan                                               480,565,057  99.62  1,809,577      0.38   482,374,634               83.35%                                 24,559
 17  To approve the Long-term Performance Award Plan                                428,346,989  88.80  54,023,733     11.20  482,370,722               83.35%                                 32,052
 18  To authorise the Directors to allot new shares                                 477,119,675  98.91  5,246,192      1.09   482,365,867               83.35%

                                                                                                                                                                                                       33,026
 19  To disapply pre-emption rights (standard)*                                     481,507,578  99.83  829,441        0.17   482,337,019               83.34%                                 61,874
 20  To disapply pre-emption rights (acquisitions)*                                 480,349,180  99.59  1,986,401      0.41   482,335,581               83.34%                                 60,117
 21  To authorise the purchase of own shares*                                       479,202,807  99.63  1,776,078      0.37   480,978,885               83.11%                                 1,420,008
 22  Notice period for General Meetings*                                            470,138,984  97.47  12,212,501     2.53   482,351,485               83.34%                                 44,604

*Special Resolution

 

 

 

 

Notes:

1.     The percentages above are rounded to two decimal places.

2.     Votes "for" include discretionary votes.

3.     A vote withheld is not a vote in law and is not counted in the
calculation of the proportion of votes "for" and "against" a resolution.

4.     The number of ordinary shares in issue at 11.00 am on 20 July 2023
was 578,757,121 of which none are held in treasury. Therefore the number of
ordinary shares with voting rights at 11:00am on 20 July 2023 was 578,757,121.

 

Resolution 8

Whilst Resolution 8, to re-elect Neil Johnson, was passed with a clear
majority, the Board recognises that there was also a significant vote against
this resolution. The Board will seek to engage with those shareholders who
voted against this resolution to address their concerns.

 

The Board unanimously supports the Chair's re-election. We will continue to
engage with shareholders and will publish an update in accordance with the UK
Corporate Governance Code, within six months of the AGM with a final summary
provided in the Company's next Annual Report.

 

 

In accordance with Listing Rule 9.6.2R, a copy of the resolutions, other than
those concerning ordinary business, passed by the Company at the AGM held on
20 July 2023, has been submitted to the National Storage Mechanism and will
shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

 

 

For further information please contact:

 

John Haworth, Group Director Investor
Relations:                       +44 (0) 7920 545841

Lindsay Walls, Group Director Communications:
            +44 (0) 7793 427582

James Field, Company
Secretary:
+44 (0) 7841 662957

 

LEI: 213800S8OBDOZMCMUW34

 

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