Last checked at 10 Sep 2019 17:18
ASHTEAD GROUP PLC - Result of AGMASHTEAD GROUP PLC - Result of AGM
PR Newswire
London, September 10
Ashtead Group PLC
AGM Statement
10th September 2019
ASHTEAD GROUP PLC
(the “Company”)
AGM Statement & Results
At the Annual General Meeting of the Company “Ashtead Group plc” held on 10th September 2019 at 2:30pm, 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.
| ORDINARY RESOLUTIONS | Votes for (including discretionary votes) | % Votes for | Votes against | % Votes against | Total no. of votes validly cast | % of the Company’s issued share capital represented by votes validly cast | Votes withheld* | |
| 1. | That the account for the year ended 30 April 2019, the directors’ report and the auditors’ report be adopted. | 333,571,679 | 99.99% | 29,384 | 0.01 | 333,601,063 | 72.39 | 1,041,473 |
| 2. | That the directors’ remuneration report for the year ended 30 April 2019 be approved. | 316,158,161 | 96.37% | 11,924,063 | 3.63 | 328,082,224 | 71.19 | 6,560,311 |
| 3. | That the directors’ remuneration policy set out in the annual report for the year ended 30 April 2019, be approved. | 327,734,740 | 97.94% | 6,880,077 | 2.06 | 334,614,817 | 72.61 | 27,718 |
| 4. | That the final dividend 33.5 pence per ordinary share be declared for the year ended 30 April 2019. | 334,340,605 | 99.92% | 283,208 | 0.08 | 334,623,813 | 72.61 | 18,723 |
| 5. | That Paul Walker be re-elected as a director. | 298,126,369 | 89.52% | 34,895,464 | 10.48 | 333,021,833 | 72.26 | 1,620,702 |
| 6. | That Brendan Horgan be re-elected as a director. | 321,239,169 | 96.00% | 13,381,022 | 4.00 | 334,620,191 | 72.61 | 22,345 |
| 7. | That Michael Pratt be re-elected as a director. | 332,403,676 | 99.34% | 2,216,515 | 0.66 | 334,620,191 | 72.61 | 22,345 |
| 8. | That Angus Cockburn be elected as a director. | 331,517,070 | 99.77% | 758,601 | 0.23 | 332,275,671 | 72.10 | 2,366,864 |
| 9. | That Lucinda Riches be re-elected as a director. | 328,113,719 | 98.06% | 6,506,472 | 1.94 | 334,620,191 | 72.61 | 22,345 |
| 10 | That Tanya Fratto be re-elected as a director. | 331,674,294 | 99.12% | 2,945,897 | 0.88 | 334,620,191 | 72.61 | 22,345 |
| 11 | That Lindsley Ruth be elected as a director. | 331,521,131 | 99.77% | 754,540 | 0.23 | 332,275,671 | 72.10 | 2,366,864 |
| 12 | That Deloitte LLP be re-appointed as auditor of the Company. | 317,086,170 | 94.76% | 17,527,465 | 5.24 | 334,613,635 | 72.61 | 28,900 |
| 13. | That the directors be authorised to fix the remuneration of the auditor of the Company. | 333,393,730 | 99.63% | 1,225,376 | 0.37 | 334,619,106 | 72.61 | 23,430 |
| 14. | That the directors are authorised to allot the shares under section 551 (1) (a) and (b) of the Companies Act 2006. | 325,151,641 | 97.17% | 9,470,965 | 2.83 | 334,622,606 | 72.61 | 19,930 |
| SPECIAL RESOLUTIONS | Votes for (including discretionary votes) | % Votes for | Votes against | % Votes against | Total no. of votes validly cast | % of the Company’s issued share capital represented by votes validly cast | Votes withheld* | |
| 15. | That the directors be empowered to disapply the provisions of section 561 (1) to (6) of the Companies Act 2006. | 333,229,383 | 99.69% | 1,050,748 | 0.31 | 334,280,131 | 72.54 | 362,405 |
| 16. | That the directors be empowered to issue shares on a non pre-emptive basis. | 324,617,597 | 97.11% | 9,662,454 | 2.89 | 334,280,051 | 72.54 | 362,484 |
| 17. | That the directors be authorised to make market purchases of the Company's shares under section 701 of the Companies Act. | 329,045,548 | 98.37% | 5,449,717 | 1.63 | 334,495,265 | 72.58 | 147,270 |
| 18. | That a general meeting other than an annual general meeting may be called on not less than 14 clear days’ notice. | 312,447,989 | 93.79% | 20,693,718 | 6.21 | 333,141,707 | 72.29 | 1,500,829 |
Contact:
Will Shaw – Investment Manager, 020 7726 9700