REG - Telecom Plus PLC - Result of Annual General Meeting
RNS Number : 1795GTelecom Plus PLC22 July 2021Telecom Plus PLC (the "Company")
Result of Annual General Meeting
Telecom Plus PLC (trading as the Utility Warehouse), the UK's only fully integrated provider of a wide range of competitively priced utility services spanning both the communications and energy markets, announces that at the Annual General Meeting of the Company ("AGM") held earlier today all resolutions put to shareholders of the Company were duly passed. A poll was held for each resolution, the results of which are as follows:
RESOLUTIONS
VOTES IN FAVOUR
%age
VOTES
AGAINST
%age
WITHHELD
1
To receive the 2021 Annual Report and Accounts
43,200,873
78.15
12,076,512
21.85
370,266
2
To approve the 2021 Directors' Remuneration Report
42,309,735
76.50
12,999,838
23.50
338,078
3
To approve the payment of a 30.0p final dividend
55,609,788
99.93
37,863
0.07
0
4
To re-elect Charles Wigoder
43,911,785
79.02
11,662,151
20.98
73,715
5
To re-elect Andrew Lindsay
54,212,168
98.39
889,702
1.61
545,781
6
To re-elect Nicholas Schoenfeld
54,503,911
98.34
920,879
1.66
222,861
7
To re-elect Stuart Burnett
54,480,689
98.31
937,313
1.69
229,649
8
To re-elect Beatrice Hollond
50,656,339
93.96
3,256,994
6.04
1,734,318
9
To re-elect Andrew Blowers
55,601,255
99.93
41,035
0.07
5,361
10
To re-elect Melvin Lawson
44,652,527
80.65
10,710,872
19.35
284,252
11
To re-elect Julian Schild
44,329,066
85.13
7,740,296
14.87
3,578,289
12
To re-elect Suzi Williams
53,628,151
96.38
2,014,139
3.62
5,361
13
To appoint KPMG LLP as auditor
55,299,739
99.39
339,644
0.61
8,268
14
To authorise the directors to determine the auditor's remuneration
55,630,579
99.98
8,804
0.02
8,268
15
To authorise the Company to make market purchases of its own shares
55,011,823
99.00
553,443
1.00
82,394
16
To authorise the directors to allot shares pursuant to section 551 of the Companies Act 2006
55,391,943
99.56
244,700
0.44
11,008
17
To authorise the directors to disapply pre-emption rights
55,549,465
99.84
86,459
0.16
11,727
18
To authorise the directors to further disapply pre-emption rights in addition to Resolution 17
53,841,186
96.77
1,794,488
3.23
11,977
19
To authorise the payment of political donations
55,034,818
99.05
525,310
0.95
87,523
20
To authorise 14 clear days' notice periods for General Meetings (other than an AGM)
55,101,146
99.02
546,505
0.98
0
The Board of the Company notes that the level of votes against three of the resolutions put to the AGM exceeded 20%. The Company understands that this has been driven mainly by concerns raised by certain shareholders around Board diversity and historical directors' remuneration policy issues. In line with the UK Corporate Governance Code, the Board will reflect on the feedback received and publish an update on these matters in due course.
A copy of the resolutions passed at the AGM relating to special business has been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
For further information, please contact:
Telecom Plus PLC
David Baxter
Tel: (020) 8955 5000
LEI code: 549300QGHDX5UKE58G86
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