Last checked at 6 May 2021 15:30
6 May 2021
AIB GROUP PLC (the "Company")
RESULTS OF ANNUAL GENERAL MEETING 2021
The Company announces that at its Annual General Meeting ("AGM"), held today at 10 Molesworth Street, Dublin 2, all of the resolutions proposed were duly passed on a poll.
Resolutions 1 to 7 (inclusive) were passed as ordinary resolutions and resolutions 8 to 13 (inclusive) were passed as special resolutions.
The full text of each resolution, together with explanatory notes, are set out in the Notice of AGM which was circulated to Shareholders on 1 April 2021 and made available on the Company's website at www.aib.ie/investorrelations
The results of the voting on the resolutions are as follows:
Resolution | Votes For | % | Votes Against | % | Total Votes Cast | Votes Withheld | |
1 | To receive and consider the financial statements for the year together with the reports of the Directors and the Auditor thereon. | 2,152,122,066 | 100.00 | 541 | 0.00 | 2,152,122,607 | 830,088 |
2 | To authorise the Directors to fix the remuneration of the Auditor. | 2,149,724,533 | 99.85 | 3,222,877 | 0.15 | 2,152,947,410 | 5,285 |
3 | To consider the continuation in office of Deloitte as Auditor. | 2,150,752,352 | 99.96 | 944,054 | 0.04 | 2,151,696,406 | 1,256,289 |
4(a) | To reappoint Basil Geoghegan. | 2,152,480,869 | 100.00 | 106,484 | 0.00 | 2,152,587,353 | 365,342 |
4(b) | To reappoint Colin Hunt. | 2,152,486,068 | 100.00 | 101,267 | 0.00 | 2,152,587,335 | 365,342 |
4(c) | To reappoint Sandy Kinney Pritchard. | 2,152,480,931 | 100.00 | 106,427 | 0.00 | 2,152,587,358 | 365,297 |
4(d) | To reappoint Carolan Lennon. | 2,152,485,966 | 100.00 | 101,449 | 0.00 | 2,152,587,415 | 365,280 |
4(e) | To reappoint Elaine MacLean. | 2,152,390,584 | 99.99 | 196,813 | 0.01 | 2,152,587,397 | 365,298 |
4(f) | To appoint Andy Maguire. | 2,152,569,825 | 100.00 | 17,220 | 0.00 | 2,152,587,045 | 365,650 |
4(g) | To reappoint Brendan McDonagh. | 2,152,394,032 | 99.99 | 193,402 | 0.01 | 2,152,587,434 | 365,261 |
4(h) | To reappoint Helen Normoyle. | 2,152,486,163 | 100.00 | 101,258 | 0.00 | 2,152,587,421 | 365,252 |
4(i) | To reappoint Ann O'Brien. | 2,152,482,460 | 100.00 | 104,754 | 0.00 | 2,152,587,214 | 365,321 |
4(j) | To appoint Fergal O'Dwyer. | 2,152,570,260 | 100.00 | 17,135 | 0.00 | 2,152,587,395 | 365,294 |
4(k) | To reappoint Raj Singh. | 2,152,474,974 | 99.99 | 112,423 | 0.01 | 2,152,587,397 | 365,298 |
5 | To consider the Directors' Remuneration Report. | 2,151,675,785 | 99.94 | 1,268,640 | 0.06 | 2,152,944,425 | 8,270 |
6 | To consider the Remuneration Policy. | 2,150,023,026 | 99.92 | 1,739,247 | 0.08 | 2,151,762,273 | 1,190,404 |
7 | To authorise the Directors to allot relevant securities. | 2,144,967,724 | 99.63 | 7,979,536 | 0.37 | 2,152,947,260 | 5,412 |
8(a) | Limited authorisation for the Directors to disapply pre-emption rights. | 2,152,580,743 | 99.98 | 366,388 | 0.02 | 2,152,947,131 | 5,564 |
8(b) | Limited authorisation for the Directors to disapply pre-emption rights for an acquisition or specified capital event. | 2,151,323,706 | 99.92 | 1,622,921 | 0.08 | 2,152,946,627 | 6,068 |
9 | To authorise the purchase by the Company of its own shares. | 2,151,599,172 | 99.94 | 1,259,519 | 0.06 | 2,152,858,691 | 93,978 |
10 | To determine the re-issue price range at which any treasury shares held may be re-issued off-market. | 2,152,848,048 | 100.00 | 8,159 | 0.00 | 2,152,856,207 | 96,462 |
11 | To approve the amendment of the Articles of Association. | 2,152,937,051 | 100.00 | 7,875 | 0.00 | 2,152,944,926 | 7,747 |
12 | To authorise the Directors to convene general meetings on 14 days' notice. | 2,130,482,695 | 98.96 | 22,461,374 | 1.04 | 2,152,944,069 | 8,624 |
13 | To approve the terms of the Directed Buyback Contract with the Minister for Finance and authorise the making of off market purchases of ordinary shares. | 221,257,444 | 99.44 | 1,253,220 | 0.56 | 222,510,664 | 1,930,442,031 |
In accordance with Listing Rule 6.1.11 of Euronext Dublin and Listing Rule 9.2.2E of the Financial Conduct Authority, resolutions 4(a), (c), (d), (e), (f), (g), (h), (i), (j), and (k) relating to the election or re-election of the independent non-executive Directors, were passed by majority of each of:
- the shareholders of the Company, and
- the independent shareholders of the Company (that is, the shareholders of the Company entitled to vote on the election of Directors who are not controlling shareholders[1]).
Votes cast by shareholders excluding the controlling shareholder are shown below.
Resolution | Votes For | % | Votes Against | % | Total Votes Cast | Votes Withheld | |
4(a) | To reappoint Basil Geoghegan. | 222,044,326 | 99.95 | 106,484 | 0.05 | 222,150,810 | 365,342 |
4(c) | To reappoint Sandy Kinney Pritchard. | 222,044,388 | 99.95 | 106,427 | 0.05 | 222,150,815 | 365,297 |
4(d) | To reappoint Carolan Lennon. | 222,049,423 | 99.95 | 101,449 | 0.05 | 222,150,872 | 365,280 |
4(e) | To reappoint Elaine MacLean. | 221,954,041 | 99.91 | 196,813 | 0.09 | 222,150,854 | 365,298 |
4(f) | To appoint Andy Maguire. | 222,133,282 | 99.99 | 17,220 | 0.01 | 222,150,502 | 365,650 |
4(g) | To reappoint Brendan McDonagh. | 221,957,489 | 99.91 | 193,402 | 0.09 | 222,150,891 | 365,261 |
4(h) | To reappoint Helen Normoyle. | 222,049,620 | 99.95 | 101,258 | 0.05 | 222,150,878 | 365,252 |
4(i) | To reappoint Ann O'Brien. | 222,045,917 | 99.95 | 104,754 | 0.05 | 222,150,671 | 365,321 |
4(j) | To appoint Fergal O'Dwyer. | 222,133,717 | 99.99 | 17,135 | 0.01 | 222,150,852 | 365,294 |
4(k) | To reappoint Raj Singh. | 222,038,431 | 99.95 | 112,423 | 0.05 | 222,150,854 | 365,298 |
Notes:
1. A "Vote Withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "For" and "Against" a resolution.
2. The total number of ordinary shares in issue as at Tuesday, 4 May 2021 was 2,714,381,237.
3. The total number of ordinary shares held by shareholders excluding the controlling shareholder on Tuesday, 4 May 2021 was 783,944,694.
In accordance with Listing Rule 6.1.60 of Euronext Dublin and Listing Rule 9.6.2 of the Financial Conduct Authority, copies of all resolutions, other than those concerning ordinary business, passed at the AGM today have been submitted to Euronext Dublin and the UK National Storage Mechanism and will be shortly available for inspection at www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism.
-ENDS-
Contact details:
Conor Gouldson | Niamh Hore | Paddy McDonnell |
Group Company Secretary | Head of Investor Relations | Head of Media Relations |
AIB Molesworth Street | AIB Molesworth Street | AIB Molesworth Street |
Dublin 2 | Dublin 2 | Dublin 2 |
Tel: +353-1-772 0030 | Tel: +353-1-6411817 | Tel: +353-87 7390743 |
email: conor.w.gouldson@aib.ie | email: niamh.a.hore@aib.ie | email: paddy.x.mcdonnell@aib.ie |
[1] Controlling shareholder: shareholder(s) that exercise or control more than 30% of the voting rights of the Company.