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2 Sep 2025 17:57
Ashtead Group Plc - AGM Statement & ResultsAshtead Group Plc - AGM Statement & Results
PR Newswire
LONDON, United Kingdom, September 02
Ashtead Group PLC
AGM Statement
2 September 2025
ASHTEAD GROUP PLC
("Ashtead" or the "Company")
AGM Statement & Results
AGM Statement & Results
At the Annual General Meeting ("AGM") of the Company held on 2 September 2025 at 10:00am, 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 14 were passed as ordinary resolutions. Resolutions 15 - 18 were passed as special resolutions.]
As at 18:30 (UK time) on 1 September 2025, there was a total of 451,354,833 ordinary shares of the Company with 424,098,565 ordinary shares in issue and 27,256,268 ordinary shares in treasury, and therefore the number of ordinary shares entitling the holders to attend and vote 'for' or 'against' all the resolutions at the AGM was 424,098,565. In accordance with the Company's Articles of Association, on a poll, every member present in person or by proxy has one vote for every share held.
| 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 2025, the directors' report and the auditors' report be adopted.
| 318,543,482 | 99.9768% | 73,824 | 0.0232% | 318,617,306 | 75.13% | 1,536,099 |
2. | That the directors' remuneration report for the year ended 30 April 2025 be approved.
| 302,732,680 | 94.5645% | 17,400,776 | 5.4355% | 320,133,456 | 75.49% | 19,949 |
3. | That the final dividend recommended by the directors of 72.0 US cents per ordinary share for the year ended 30 April 2025 be declared payable on 10 September 2025 to holders of ordinary shares registered at the close of business on7 August 2025.
| 320,059,547 | 99.9740% | 83,236 | 0.0260% | 320,142,783 | 75.49% | 10,622 |
4. | That Paul Walker be re-elected as a director.
| 267,081,249 | 83.4970% | 52,788,096 | 16.5030% | 319,869,345 | 75.42% | 284,060 |
5. | That Brendan Horgan be re-elected as a director.
| 319,048,792 | 99.6592% | 1,091,016 | 0.3408% | 320,139,808 | 75.49% | 13,597 |
6.
| That Angus Cockburn be re-elected as a director.
| 300,861,900 | 93.9826% | 19,263,259 | 6.0174% | 320,125,159 | 75.48% | 28,246 |
7. | That Jill Easterbrook be re-elected as a director.
| 308,333,705 | 96.3130% | 11,803,295 | 3.6870% | 320,137,000 | 75.49% | 16,405 |
8. | That Renata Ribeiro be re-elected as a director. | 307,422,306 | 96.0286% | 12,714,047 | 3.9714% | 320,136,353 | 75.49% | 17,052 |
9. | That Roy Twite be re-elected as a director. | 302,253,446 | 94.4188% | 17,866,572 | 5.5812% | 320,120,018 | 75.48% | 33,387 |
10. | That Nando Cesarone be elected as a director
| 317,306,618 | 99.1157% | 2,831,117 | 0.8843% | 320,137,735 | 75.49% | 15,670 |
11. | That James Singleton be elected as a director.
| 317,052,397 | 99.0363% | 3,085,133 | 0.9637% | 320,137,530 | 75.49% | 15,875 |
12. | That PwC be appointed as auditor of the Company.
| 319,908,405 | 99.9338% | 211,944 | 0.0662% | 320,120,349 | 75.48% | 33,056 |
13. | That the audit committee be authorised to agree the remuneration of the auditor of the Company.
| 318,913,340 | 99.6188% | 1,220,387 | 0.3812% | 320,133,727 | 75.49% | 19,678 |
14. | That the directors are authorised to allot the shares under section 551 (1) (a) and (b) of the Companies Act 2006.
| 302,350,517 | 94.4454% | 17,782,160 | 5.5546% | 320,132,677 | 75.49% | 20,728 |
|
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 ** |
15. | That the directors be empowered to disapply the provisions of section 561 (1) to (6) of the Companies Act 2006.
| 302,249,525 | 94.4284% | 17,833,852 | 5.5716% | 320,083,377 | 75.47% | 70,028 |
16. | That the directors be empowered to issue shares on a non pre-emptive basis.
| 290,005,323 | 90.6705% | 29,839,957 | 9.3295% | 319,845,280 | 75.42% | 308,125 |
17. | That the directors be authorised to make market purchases of the Company's shares under section 701 of the Companies Act.
| 310,926,075 | 97.1306% | 9,185,209 | 2.8694% | 320,111,284 | 75.48% | 42,121 |
18.
| That a general meeting other than an annual general meeting may be called on not less than 14 clear days' notice.
| 304,780,593 | 95.2020% | 15,360,254 | 4.7980% | 320,140,847 | 75.49% | 12,558 |
* | 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. | |||||||
The Ashtead Board is pleased to note that all resolutions were passed with the requisite majority of votes and welcomes the overwhelming support of the Company's shareholders for the majority of the resolutions proposed.
Contact:
Ashtead Group plc
Will Shaw (Investment Manager) - 020 7726 9700
H/Advisors Maitland
Sam Cartwright - 020 7379 5151
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