REG - Restaurant Group PLC - Result of AGM

RestaurantAnnouncement

24/05/2022 14:00

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RNS Number : 6394M  Restaurant Group PLC  24 May 2022

Result of AGM

Restaurant Group PLC

24 May 2022

 

 

The Restaurant Group plc (the "Company")

 

Results of 2022 AGM

 

The Annual General Meeting of The Restaurant Group plc was held on 24 May
2022.

Voting was conducted by way of a poll and all resolutions put to the Annual General Meeting were passed with the requisite majorities. Resolutions 1 to 12 (inclusive) were passed as ordinary resolutions and resolutions 13 to 17 (inclusive) were passed as special resolutions. The number of votes for and against each of the resolutions and the number of votes withheld were as follows:

 

 Resolutions                                       Votes For    %      Votes Against  %      Total Votes Cast  Votes Withheld
 1.     Report and Accounts 2021                   618,082,176  99.99  50,936         0.01   618,133,112       5,475,137
 2.     Directors' Remuneration Report 2021        422,023,281  67.68  201,567,586    32.32  623,590,867       17,382
 3.     Re-appoint Ken Hanna as a Director         619,595,053  99.36  3,978,579      0.64   623,573,632       34,617
 4.     Re-elect Andy Hornby as a Director         620,753,038  99.55  2,832,152      0.45   623,585,190       23,059
 5.     Re-elect Kirk Davis as a Director          615,615,337  99.51  3,035,303      0.49   618,650,640       4,957,609
 6.     Re-elect Graham Clemett as a Director      577,102,179  92.55  46,469,805     7.45   623,571,984       36,265
 7.     Re-elect Alison Digges as a Director       577,662,299  92.64  45,917,491     7.36   623,579,790       28,459
 8.     Re-elect Zoe Morgan as a Director          555,741,543  89.12  67,830,425     10.88  623,571,968       36,281
 9.     Re-appoint Alex Gersh as a Director        603,241,921  96.74  20,328,101     3.26   623,570,022       38,227
 10.  Re-appoint the Auditor                       610,956,573  97.98  12,620,796     2.02   623,577,369       30,880
 11.  Determine the Auditor's remuneration         583,654,519  96.32  22,297,381     3.68   605,951,900       17,656,349
 12.  Authority to allot shares                    601,410,859  96.45  22,116,344     3.55   623,527,203       81,046
 13.  Waiver of pre-emption rights (general)       605,715,257  99.96  222,067        0.04   605,937,324       17,670,925
 14.  Waiver of pre-emption rights (additional)    600,807,710  99.16  5,110,741      0.84   605,918,451       17,689,798
 15.  Authority to purchase own shares             617,519,681  99.20  4,970,227      0.80   622,489,908       1,118,341
 16.  Notice of General Meetings                   603,071,207  96.71  20,503,588     3.29   623,574,795       33,454
 17.  Cancellation of the share premium account    623,474,181  99.99  81,686         0.01   623,555,867       52,382

 

Notes:

1)    The total number of shares in issue at 24 May 2022 was 765,054,109.

2)    Where shareholders appointed the Chairman of the meeting as their
proxy with discretion as to voting, those votes have been cast in favour of
the resolutions and are included in the total of those votes for.

3)    Certified copies of resolutions 13 to 17 have 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) .

4)    A 'vote withheld' is not a vote in law and is not counted in the
calculation of the proportion of votes validly cast.

We are pleased Resolution 2 to approve the Directors' Remuneration Report was
passed by a clear majority. However, we recognise that despite the exercise of
negative discretion to reduce Executive bonuses by 40%, a significant
proportion of our shareholders did not support the resolution. We shall
continue to engage with our shareholders in the coming months to better
understand their concerns and how they can be taken into account as part of
the normal policy review leading to the renewal of our policy at the 2023 AGM.

A copy of this announcement confirming the voting figures will be displayed
shortly on the Company's website at www.trgplc.com.

For further details please contact:

 MHP Communications (Financial PR adviser)  Tel: +44(0) 20 3128 8742

 Oliver Hughes

 Simon Hockridge

 

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