Last checked at 6 Sep 2023 15:38
Ashtead Group Plc - AGM StatementAshtead Group Plc - AGM Statement
PR Newswire
LONDON, United Kingdom, September 06
Ashtead Group PLC
AGM Statement
6th September 2023
ASHTEAD GROUP PLC
(the "Company")
AGM Statement & Results
AGM Statement & Results
At the Annual General Meeting of the Company held on 6 September 2023 at 11:30am, all resolutions put to shareholders were duly passed on a poll with the required majorities. The full text of each resolution is contained in the Notice of Annual General Meeting. Resolutions 1 to 15 were passed as ordinary resolutions. Resolutions 16 - 19 were passed as special resolutions.
Issued Share Capital: 438,068,721
|
| ORDINARY RESOLUTIONS | Votes for (including discretionary votes) | % Votes for * | Votes against | % Votes against | Total no. of votes validly cast | % of Issued Share Capital voted | Votes withheld ** |
| 1. | That the accounts for the year ended 30 April 2023, the directors' report and the auditors' report be adopted.
| 328,942,654 | 99.97 | 110,014 | 0.03 | 329,052,668 | 75.11% | 2,437,681 |
| 2. | That the directors' remuneration report for the year ended 30 April 2023 be approved.
| 319,772,680 | 96.60 | 11,241,935 | 3.40 | 331,014,615 | 75.56% | 475,734 |
| 3. | That the final dividend recommended by the directors of 85 cents per ordinary share for the year ended 30 April 2023 be declared payable on 12 September 2023 to holders of ordinary shares registered at the close of business on 11 August 2023.
| 331,081,936 | 100.00 | 1,496 | 0.00 | 331,083,432 | 75.58% | 406,917 |
| 4. | That Paul Walker be re-elected as a director.
| 301,708,636 | 91.13 | 29,370,573 | 8.87 | 331,079,209 | 75.58% | 411,140 |
| 5. | That Brendan Horgan be re-elected as a director.
| 331,065,464 | 100.00 | 13,696 | 0.00 | 331,079,160 | 75.58% | 411,189 |
| 6.
| That Michael Pratt be re-elected as a director.
| 330,135,236 | 99.71 | 943,704 | 0.29 | 331,078,940 | 75.58% | 411,409 |
| 7. | That Angus Cockburn be re-elected as a director. | 324,550,205 | 98.03 | 6,528,405 | 1.97 | 331,078,610 | 75.58% | 411,739 |
| 8. | That Lucinda Riches be re-elected as a director.
| 316,147,326 | 95.49 | 14,935,286 | 4.51 | 331,082,612 | 75.58% | 407,737 |
| 9. | That Tanya Fratto be re-elected as a director.
| 323,397,405 | 97.68 | 7,681,204 | 2.32 | 331,078,609 | 75.58% | 411,740 |
| 10. | That Lindsley Ruth be re-elected as a director.
| 323,618,322 | 98.05 | 6,446,299 | 1.95 | 330,064,621 | 75.35% | 1,425,728 |
| 11. | That Jill Easterbrook re-elected as a director.
| 322,299,399 | 97.35 | 8,779,810 | 2.65 | 331,079,209 | 75.58% | 411,140 |
| 12. | That Renata Ribeiro be elected as a director.
| 324,671,372 | 98.06 | 6,407,837 | 1.94 | 331,079,209 | 75.58% | 411,140 |
| 13. | That PwC be appointed as auditor of the Company.
| 329,124,396 | 99.41 | 1,946,364 | 0.59 | 331,070,760 | 75.58% | 419,589 |
| 14. | That the audit committee be authorised to agree the remuneration of the auditor of the Company. | 330,987,896 | 99.97 | 89,479 | 0.03 | 331,077,375 | 75.58% | 412,974 |
| 15. | That the directors are authorised to allot the shares under section 551 (1) (a) and (b) of the Companies Act 2006.
| 316,711,862 | 95.66 | 14,354,965 | 4.34 | 331,066,827 | 75.57% | 423,522 |
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|
SPECIAL RESOLUTIONS
| Votes for (including discretionary votes) | % Votes for * | Votes against | % Votes against | Total no. of votes validly cast | % of Issued Share Capital voted | Votes withheld ** |
| 16. | That the directors be empowered to disapply the provisions of section 561 (1) to (6) of the Companies Act 2006.
| 328,360,336 | 99.22 | 2,567,929 | 0.78 | 330,928,265 | 75.54% | 562,084 |
| 17. | That the directors be empowered to issue shares on a non pre-emptive basis.
| 325,659,301 | 98.41 | 5,266,423 | 1.59 | 330,925,724 | 75.54% | 564,625 |
| 18.
| That the directors be authorised to make market purchases of the Company's shares under section 701 of the Companies Act.
| 321,823,149 | 97.25 | 9,114,968 | 2.75 | 330,938,117 | 75.54% | 552,232 |
| 19. | That a general meeting other than an annual general meeting may be called on not less than 14 clear days' notice.
| 319,641,874 | 96.55 | 11,434,120 | 3.45 | 331,075,994 | 75.58% | 414,355 |
* Includes discretionary votes
** A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "for" and "against" a resolution.
Following the 2022 AGM, the Company responded to the level of support for the directors' remuneration report and the re-election of Lucinda Riches resolutions being below 80% by conducting an engagement with those institutional shareholders identified as voting against the resolutions. The outcome of this engagement was detailed in an RNS dated 3 March 2023 and in the Company's 2023 Annual Report.
In accordance with Listing Rule 9.6.2, a copy of the special resolutions have been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Contact:
Will Shaw - Investment Manager, 020 7726 9700
Maitland
Sam Cartwright - 0207 379 5151