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4 Jul 2023 14:42
Airtel Africa plc
("Airtel Africa", or the "Company")
RESULT OF AGM
RESOLUTIONS PASSED AT ANNUAL GENERAL MEETING (AGM)
The Directors of Airtel Africa plc are pleased to announce that at its Annual General Meeting held on Tuesday 4 July 2023 at First Floor, 53/54 Grosvenor Street, London, W1K 3HU, United Kingdom, all the proposed resolutions as set out in the Notice of Annual General Meeting were passed on a poll of votes. The results of the poll for each resolution were as follows:
RESOLUTION | DESCRIPTION | VOTESFOR | %FOR | VOTESAGAINST | %AGAINST | VOTESTOTAL | % of ISCVOTED | VOTESWITHHELD |
RESOLUTION 01 | ACCOUNTS AND REPORTS | 3,427,542,906 | 100.00% | 135,841 | 0.00% | 3,427,678,747 | 91.21% | 1,013,729 |
RESOLUTION 02 | REMUNERATION REPORT | 3,195,039,300 | 97.07% | 96,383,217 | 2.93% | 3,291,422,517 | 87.58% | 137,269,959 |
RESOLUTION 03 | REMUNERATION POLICY | 2,991,605,194 | 90.84% | 301,651,563 | 9.16% | 3,293,256,757 | 87.63% | 135,435,718 |
RESOLUTION 04 | LONG-TERM INCENTIVE PLAN | 2,994,935,988 | 90.94% | 298,433,866 | 9.06% | 3,293,369,854 | 87.63% | 135,322,621 |
RESOLUTION 05 | FINAL DIVIDEND | 3,428,021,362 | 100.00% | 135,173 | 0.00% | 3,428,156,535 | 91.22% | 535,941 |
RESOLUTION 06 | RE-ELECT SUNIL B MITTAL | 3,289,712,575 | 96.07% | 134,417,714 | 3.93% | 3,424,130,289 | 91.11% | 4,562,186 |
RESOLUTION 07 | RE-ELECT O. OGUNSANYA | 3,414,226,784 | 99.59% | 13,904,322 | 0.41% | 3,428,131,106 | 91.22% | 561,370 |
RESOLUTION 08 | RE-ELECT J. PAUL | 3,412,898,375 | 99.56% | 15,249,227 | 0.44% | 3,428,147,602 | 91.22% | 544,874 |
RESOLUTION 09 | RE-ELECT A. GREEN | 3,391,452,132 | 98.93% | 36,689,649 | 1.07% | 3,428,141,781 | 91.22% | 550,695 |
RESOLUTION 10 | RE-ELECT A. AJUMOGOBIA | 3,394,655,268 | 99.02% | 33,492,034 | 0.98% | 3,428,147,302 | 91.22% | 545,174 |
RESOLUTION 11 | RE-ELECT D. BAILLIE | 3,364,421,388 | 98.20% | 61,740,494 | 1.80% | 3,426,161,882 | 91.17% | 2,530,594 |
RESOLUTION 12 | RE-ELECT J. DANILOVICH | 3,392,124,638 | 98.95% | 36,017,443 | 1.05% | 3,428,142,081 | 91.22% | 550,395 |
RESOLUTION 13 | RE-ELECT T. GEBREYES | 3,424,272,711 | 99.89% | 3,874,891 | 0.11% | 3,428,147,602 | 91.22% | 544,874 |
RESOLUTION 14 | RE-ELECT A. POUTIAINEN | 3,415,274,574 | 99.62% | 12,872,128 | 0.38% | 3,428,146,702 | 91.22% | 545,774 |
RESOLUTION 15 | RE-ELECT R. RAJAGOPAL | 3,391,465,475 | 98.93% | 36,681,827 | 1.07% | 3,428,147,302 | 91.22% | 545,174 |
RESOLUTION 16 | RE-ELECT K.B. ROSMARIN | 3,425,379,379 | 99.92% | 2,767,323 | 0.08% | 3,428,146,702 | 91.22% | 545,774 |
RESOLUTION 17 | RE-ELECT A. GUPTA | 3,421,358,512 | 99.80% | 6,788,790 | 0.20% | 3,428,147,302 | 91.22% | 545,174 |
RESOLUTION 18 | RE-ELECT SHRAVIN B MITTAL | 3,421,356,780 | 99.80% | 6,790,822 | 0.20% | 3,428,147,602 | 91.22% | 544,874 |
RESOLUTION 19 | REAPPOINT AUDITOR | 3,427,360,437 | 99.98% | 774,763 | 0.02% | 3,428,135,200 | 91.22% | 557,276 |
RESOLUTION 20 | REMUNERATION OF AUDITOR | 3,427,202,239 | 99.97% | 941,826 | 0.03% | 3,428,144,065 | 91.22% | 548,411 |
RESOLUTION 21 | POLITICAL DONATIONS | 3,288,425,377 | 99.85% | 4,991,686 | 0.15% | 3,293,417,063 | 87.63% | 135,275,413 |
RESOLUTION 22 | ALLOT SHARES | 3,289,380,383 | 99.88% | 4,030,686 | 0.12% | 3,293,411,069 | 87.63% | 135,281,407 |
RESOLUTION 23 | PRE-EMPTION RIGHTS | 3,291,641,212 | 99.95% | 1,762,873 | 0.05% | 3,293,404,085 | 87.63% | 135,288,391 |
RESOLUTION 24 | MAKE MARKET PURCHASES | 3,292,937,808 | 99.99% | 182,294 | 0.01% | 3,293,120,102 | 87.63% | 135,572,374 |
RESOLUTION 25 | GENERAL MEETING NOTICE | 3,410,010,616 | 99.47% | 18,143,106 | 0.53% | 3,428,153,722 | 91.22% | 538,754 |
RESOLUTION 26 | REDUCE SHARE CAPITAL | 3,293,190,905 | 100.00% | 143,978 | 0.00% | 3,293,334,883 | 87.63% | 135,357,593 |
Subject to rule 9.2.2E of the UK Listing Rules the election of the Independent non-executive directors must be approved by a majority vote of both the independent shareholders (i.e. shareholders of the Company, other than the Company's controlling shareholder, who are entitled to vote on the election of Directors), and the shareholders as a whole. Therefore, the below table displays the votes for the election of the Independent non-executive directors excluding the votes of the controlling shareholder:
Independent Vote | ||||||||
RESOLUTION 09 | RE-ELECT A. GREEN | 1,286,343,317 | 97.23% | 36,689,649 | 2.77% | 1,323,032,966 | 80.04% | 550,695 |
RESOLUTION 10 | RE-ELECT A. AJUMOGOBIA | 1,289,546,453 | 97.47% | 33,492,034 | 2.53% | 1,323,038,487 | 80.04% | 545,174 |
RESOLUTION 11 | RE-ELECT D. BAILLIE | 1,259,312,573 | 95.33% | 61,740,494 | 4.67% | 1,321,053,067 | 79.92% | 2,530,594 |
RESOLUTION 12 | RE-ELECT J. DANILOVICH | 1,287,015,823 | 97.28% | 36,017,443 | 2.72% | 1,323,033,266 | 80.04% | 550,395 |
RESOLUTION 13 | RE-ELECT T. GEBREYES | 1,319,163,896 | 99.71% | 3,874,891 | 0.29% | 1,323,038,787 | 80.04% | 544,874 |
RESOLUTION 14 | RE-ELECT A. POUTIAINEN | 1,310,165,759 | 99.03% | 12,872,128 | 0.97% | 1,323,037,887 | 80.04% | 545,774 |
RESOLUTION 15 | RE-ELECT R. RAJAGOPAL | 1,286,356,660 | 97.23% | 36,681,827 | 2.77% | 1,323,038,487 | 80.04% | 545,174 |
Notes:
1. Full details of the resolutions are set out in the Notice of Annual General Meeting dated 9 June 2023 which is available on the Investor area of Company's website at airtel.africa.
2. Resolutions 1 to 22 were ordinary resolutions, requiring more than 50% of shareholders' votes to be cast in favour of the resolutions. Resolutions 23 to 26 were special resolutions, requiring at least 75% of shareholders' votes to be cast in favour of the resolutions.
3. Votes 'For' include those votes giving the Chairman discretion.
4. As at the date of the AGM, the number of issued ordinary shares of the Company was 3,758,151,504 shares, which was the total number of shares entitling the holders to attend and vote for or against all resolutions.
5. A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution nor in the calculation of the proportion of "Total issued share capital instructed" for any resolution.
6. A copy of resolutions 23 and 26 passed at the AGM will shortly be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
-ENDS-
Enquiries
Airtel Africa - Investor Relations Pier Falcione Alastair Jones Investor.relations@africa.airtel.com |
+44 7446 858 280 +44 7464 830 011 +44 207 493 9315 |
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Hudson Sandler Nick Lyon Emily Dillon airtelafrica@hudsonsandler.com | +44 207 796 4133 |
About Airtel Africa
Airtel Africa is a leading provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily in East Africa and Central and West Africa.
Airtel Africa offers an integrated suite of telecommunications solutions to its subscribers, including mobile voice and data services as well as mobile money services both nationally and internationally.
The Group aims to continue providing a simple and intuitive customer experience through streamlined customer journeys.
www.airtel.africa
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