Last checked at 20 Aug 2020 08:30
AO World PLC ("Company")
Result of Annual General Meeting
At the Annual General Meeting (AGM) of AO World plc held earlier today all the resolutions put to the meeting were passed. Details of the votes cast are shown in the table below.
Resolution | Votes in favour* | Votes against | Total number of votes cast | Votes Withheld** | |||
No. of shares | % | No. of shares | % | No. of shares | |||
1 | To receive the report and accounts | 393,801,969 | 99.99% | 31,372 | 0.01 | 395,876,905 | 2,043,564 |
2 | To approve the Directors' remuneration report | 392,698,842 | 99.66% | 1,326,451 | 0.34 | 395,876,905 | 1,851,612 |
3 | To re-elect Geoff Cooper as a Director | 392,284,906 | 99.09% | 3,591,999 | 0.91 | 395,876,905 | 0 |
4 | To re-elect John Roberts as a Director | 393,722,295 | 99.92% | 302,999 | 0.08 | 395,876,906 | 1,851,612 |
5 | To re-elect Mark Higgins as a Director | 395,571,992 | 99.92% | 304,914 | 0.08 | 395,876,906 | 0 |
6 | To re-elect Chris Hopkinson as a Director | 394,690,431 | 99.70% | 1,186,474 | 0.3 | 395,876,905 | 0 |
7 | To re-elect Marisa Cassoni as a Director | 389,017,307 | 98.27% | 6,859,599 | 1.73 | 395,876,906 | 0 |
8 | To re-elect Shaun McCabe as a Director | 394,935,318 | 99.76% | 941,588 | 0.24 | 395,876,906 | 0 |
9 | To re-elect Luisa Delgado as a Director | 389,553,869 | 98.40% | 6,323,037 | 1.6 | 395,876,906 | 0 |
10 | To re- appoint KPMG LLP as auditors | 395,876,766 | 100.00% | 140 | 0.01 | 395,876,906 | 0 |
11 | To authorise the Directors to determine the remuneration of the auditors | 395,876,906 | 100.00% | 0 | 0 | 395,876,906 | 0 |
12 | To authorise the Directors to allot shares | 394,881,064 | 99.75% | 995,842 | 0.25 | 395,876,906 | 0 |
13 | To disapply pre-emption rights*** | 395,876,766 | 100.00% | 140 | 0.01 | 395,876,906 | 0 |
14 | To disapply pre-emption rights - limited to an acquisition or capital investment*** | 393,987,781 | 99.52% | 1,883,124 | 0.48 | 395,876,905 | 6,000 |
15 | To authorise the Company to purchase its own shares*** | 393,980,610 | 99.52% | 1,883,084 | 0.48 | 395,876,905 | 13,211 |
16 | To authorise the Company to make political donations | 393,858,088 | 99.96% | 161,205 | 0.04 | 395,876,905 | 1,857,612 |
17 | To authorise the Company to hold general meetings on 14 days' notice*** | 393,267,054 | 99.34% | 2,609,852 | 0.66 | 395,876,906 | 0 |
18 | To approve the adoption of the AO Word Plc Value Creation Plan and the amendment of the AO 2018 Incentive Plan | 358,280,687 | 90.50% | 37,596,218 | 9.5 | 395,876,905 | 0 |
* Includes those votes giving the Chairman discretion
** A vote 'Withheld' has no legal effect and is not counted in the votes 'For' and 'Against' a resolution
*** Passed as special resolutions
The maximum number of votes cast was 395,876,906 representing 82.7% of the Company's issued share capital of as at 6pm on 19 August 2020.
In accordance with Listing Rule 9.6.2, copies of all the resolutions passed as special business have been submitted to the National Storage Mechanism and will shortly be available for viewing here.
Enquiries:
AO World plc
Julie Finnemore
Company Secretary
cosec@ao.com
Tel: +44(0)1204 672400