Template - SHAREHOLDER RESOLUTION SUBMISSION LETTER17 Nov 2025 18:03
📄 FORMAL SHAREHOLDER RESOLUTION SUBMISSION LETTER
(Companies Act 2006, Sections 338–340)
[Your Name / Shareholder Group Name]
[Your Address]
[Email Address]
[Date]
To:
The Company Secretary
Mobico Group plc
[Company’s Registered Office Address]
Dear Company Secretary,
Re: Shareholder Resolution for Inclusion at the Next Annual General Meeting
We, the undersigned shareholders of Mobico Group plc, hereby give formal notice under Section 338 of the Companies Act 2006 requiring the company to circulate the following shareholder resolution for consideration and vote at the forthcoming Annual General Meeting.
We confirm that we satisfy the statutory requirements to propose a resolution, being:
shareholders representing at least 5% of the total voting rights, or
not fewer than 100 shareholders holding shares on which an average of £100 has been paid.
Please find enclosed evidence of our shareholdings.
📌 Proposed Ordinary Resolution
**“That the Company’s Remuneration Policy be amended so that executive directors’ basic salaries, bonuses, and incentive awards (including share-based awards) may only be increased or paid where the Company has achieved clear, measurable improvements in financial and operational performance.
Such performance metrics shall include, but not be limited to, improvements in profitability, cash generation, debt reduction, operational efficiency, and shareholder value. The Remuneration Committee shall publish a transparent performance framework and shall ensure that no increases in fixed pay or variable compensation are made unless these performance conditions have been demonstrably met.”**
📌 Statement in Support of the Resolution
As long-term shareholders, we believe that executive remuneration must be directly aligned with the Company’s performance and with shareholder outcomes. Linking pay to performance:
improves accountability,
supports sustainable growth,
aligns with the UK Corporate Governance Code, and
ensures rewards are granted only when value has been created.
We therefore request that the above resolution be included in full in the Notice of Annual General Meeting and circulated to all shareholders.
Please confirm receipt of this request and advise of any procedural steps required.
Yours faithfully,
[Your Name]
Shareholder, Mobico Group plc
(On behalf of the supporting shareholders)
Signatures of supporting shareholders: