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DP World Crescent Ld - Result of AGM

Thu, 25th Apr 2019 09:21

RNS Number : 0800X
DP World Crescent Limited
25 April 2019
 

DP World PLC - Annual General Meeting Voting Results

 

At the DP World PLC Annual General Meeting held at 11:00 a.m. (UAE time), Thursday 25 April 2019, the shareholders passed all the resolutions.

ORDINARY RESOLUTIONS

 

APPROVAL OF ANNUAL ACCOUNTS

Resolution 1

It was proposed that the Company's annual accounts for the financial year ended 31 December 2018 together with the auditors' report on those accounts be approved.

774,644,683 of the votes cast were in favour and 0 of the votes cast were against. The number of votes abstained was 608,428.

 

APPROVAL OF DIVIDEND

Resolution 2

It was proposed that a final dividend be declared of 43.0 US cents per share in respect of the year ended 31 December 2018 payable to shareholders on the register at 5.00 pm (UAE time) on 26 March 2019.

775,252,716 of the votes cast were in favour and 0 of the votes cast were against. The number of votes abstained was 395.

 

RE - APPOINTMENT OF SULTAN AHMED BIN SULAYEM

Resolution 3

It was proposed that Sultan Ahmed Bin Sulayem be re-appointed as a director of the Company.

765,482,648 of the votes cast were in favour and 7,286,665 of the votes cast were against. The number of votes abstained was 2,403,888.

 

RE - APPOINTMENT OF YUVRAJ NARAYAN

Resolution 4

It was proposed that Yuvraj Narayan be re-appointed as a director of the Company. 771,608,978 of the votes cast were in favour and 1,240,245 of the votes cast were against. The number of votes abstained was 2,403,888.

 

RE - APPOINTMENT OF DEEPAK PAREKH

Resolution 5

It was proposed that Deepak Parekh be re-appointed as a director of the Company.                         756,545,329 of the votes cast were in favour and 14,196,543 of the votes cast were against. The number of votes abstained was 2,403,696.

 

RE - APPOINTMENT OF ROBERT WOODS

Resolution 6

It was proposed that Robert Woods be re-appointed as a director of the Company.

772,062,938 of the votes cast were in favour and 786,093 of the votes cast were against. The number of votes abstained was 2,404,080.

 

RE - APPOINTMENT OF MARK RUSSELL

Resolution 7

It was proposed that Mark Russell be re-appointed as a director of the Company. 772,206,263 of the votes cast were in favour and 642,768 of the votes cast were against. The number of votes abstained was 2,404,080.

 

RE - APPOINTMENT OF ABDULLA GHOBASH

Resolution 8

It was proposed that Abdulla Ghobash be re-appointed as a director of the Company.                         772,063,130 of the votes cast were in favour and 785,901 of the votes cast were against. The number of votes abstained was 2,404,080.

 

RE - APPOINTMENT OF NADYA KAMALI

Resolution 9

It was proposed that Nadya Kamali be re-appointed as a director of the Company.

769,638,696 of the votes cast were in favour and 3,130,617 of the votes cast were against. The number of votes abstained was 2,403,888.

 

RE - APPOINTMENT OF MOHAMED AL SUWAIDI

Resolution 10

It was proposed that Mohamed Al Suwaidi be re-appointed as a director of the Company.                         751,906,545 of the votes cast were in favour and 18,602,926 of the votes cast were against. The number of votes abstained was 2,403,888.

 

RE - APPOINTMENT OF AUDITORS Resolution 11

It was proposed that KPMG LLP be re-appointed as independent auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next general meeting of the Company at which accounts are laid.

                        773,307,708 of the votes cast were in favour and 1,337,167 of the votes cast were against. The number of votes abstained was 608,236.

REMUNERATION OF AUDITORS

Resolution 12

It was proposed to authorise the directors to determine the remuneration of KPMG LLP.              

750,636,179 of the votes cast were in favour and 3,249,755 of the votes cast were against. The number of votes abstained was 21,130,246.

AUTHORITY TO ALLOT SHARES

Resolution 13

It was proposed to renew the existing authority allowing the Company to allot (or issue) up to a limited number of ordinary shares in the Company.

                       

774,318,982 of the votes cast were in favour and 854,016 of the votes cast were against. The number of votes abstained was 203.

 

AUTHORITY TO BUY BACK SHARES

Resolution 14

It was proposed to authorise the Company to buy back a limited number of shares.

                       

774,882,485 of the votes cast were in favour and 340,529 of the votes cast were against. The number of votes abstained was 30,097.

 

 

SPECIAL RESOLUTIONS

AUTHORITY TO DIS-APPLY PRE-EMPTION RIGHTS

Resolution 15

In line with common international practice, DP World requested the renewal of an existing authority allowing the Company to allot (or issue) up to a limited number of shares (5% of the nominal value of the issued and unconditionally allotted share capital of the Company) free of pre-emption rights.

                        774,848,980 of the votes cast were in favour and 401,881 of the votes cast were against. The number of votes abstained was 2,250.

AUTHORITY TO REDUCE SHARE CAPITAL

Resolution 16

It was proposed that the Company be generally and unconditionally authorised to reduce its share capital by cancelling any or all of the ordinary shares purchased by the Company pursuant to Resolution 14.

                       

775,238,140 of the votes cast were in favour and 384 of the votes cast were against. The number of votes abstained was 1,587.

 

AMENDMENT OF ARTICLES OF ASSOCIATION

Resolution 17

It was proposed that the amended articles of association produced to the meeting be adopted in substitution for, and to the exclusion of, the existing Articles.

 

703,776,648 of the votes cast were in favour and 70,233,963 of the votes cast were against. The number of votes abstained was 1,674.

 

 

In accordance with the UK Listing Authority, copies of resolutions 15, 16 and 17 will shortly be available for inspection at the National Storage Mechanism, which is located at http://www.morningstar.co.uk/uk/NSM.

 

 

- The End -

For further information: Mohammad Al Hashimy Company Secretary DP World PLC +9714 8811110

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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