Last checked at 25 Jan 2022 14:22
LEI: 213800U8Q9K2XI3WRE39
25 January 2022
Auction Technology Group plc (the "Company")
Results of Annual General Meeting
The Annual General Meeting of the Company was held at the offices of Travers Smith LLP, 10 Snow Hill, London EC1A 2AL on 25 January 2022.
All resolutions were duly passed on a poll and the results of each resolution were as follows:
Resolution | For (%) | Against (%) | Votes withheld | Total votes cast | Percentage of issued share capital voted (%) |
1. To receive the reports of the Directors and the Auditor and the audited accounts for the financial year ended 30 September 2021 | 109,161,059 (100.00%) | 0 (0.00%) | 53,933 | 109,161,059 | 90.58 |
2. To approve the Directors' remuneration report (excluding the Directors' remuneration policy) | 108,861,907 (99.68%) | 353,085 (0.32%) | 0 | 109,214,992 | 90.63 |
3. To approve the Directors' remuneration policy | 109,177,156 (99.97%) | 37,836 (0.03%) | 0 | 109,214,992 | 90.63 |
4. To approve the Employee Stock Purchase Plan | 109,212,992 (100.00%) | 0 (0.00%) | 2,000 | 109,212,992 | 90.63 |
5. To re-elect Breon Corcoran as a Director | 107,843,138 (98.74%) | 1,371,854 (1.26%) | 0 | 109,214,992 | 90.63 |
6. To re-elect John-Paul Savant as a Director | 108,673,616 (99.50%) | 541,376 (0.50%) | 0 | 109,214,992 | 90.63 |
7. To re-elect Tom Hargreaves as a Director | 106,001,282 (97.06%) | 3,213,710 (2.94%) | 0 | 109,214,992 | 90.63 |
8. To re-elect Scott Forbes as a Director | 106,213,317 (97.25%) | 3,001,675 (2.75%) | 0 | 109,214,992 | 90.63 |
9. To re-elect Morgan Seigler as a Director | 108,932,246 (99.74%) | 282,746 (0.26%) | 0 | 109,214,992 | 90.63 |
10. To elect Pauline Reader as a Director | 109,069,713 (99.87%) | 145,279 (0.13%) | 0 | 109,214,992 | 90.63 |
11. To re-appoint Deloitte LLP as Auditor to the Company | 109,000,097 (99.80%) | 214,545 (0.20%) | 350 | 109,214,642 | 90.63 |
12. To authorise the Directors to determine the remuneration of the Auditor | 108,728,552 (99.55%) | 486,090 (0.45%) | 350 | 109,214,642 | 90.63 |
13. To authorise the Company to make political donations | 108,874,991 (99.69%) | 339,651 (0.31%) | 350 | 109,214,642 | 90.63 |
14. To authorise the Directors to allot shares or grant subscription or conversion rights under section 551 Companies Act 2006 | 108,685,738 (99.52%) | 523,637 (0.48%) | 5,617 | 109,209,375 | 90.62 |
15. To dis-apply statutory pre-emption rights under section 570 of the Companies Act 2006 (general) | 109,205,375 (100.00%) | 3,000 (0.00%) | 6,267 | 109,208,375 | 90.62 |
16. To further disapply statutory pre-emption rights under section 570 of the Companies Act 2006 in connection with an acquisition or specified capital investment | 108,930,623 (99.74%) | 283,019 (0.26%) | 1,000 | 109,213,642 | 90.63 |
17. To authorise the Company to make market purchases of its own shares | 109,180,035 (100.00%) | 350 (0.00%) | 33,257 | 109,180,385 | 90.60 |
18. To authorise the calling of a general meeting other than an Annual General Meeting on not less than 14 clear days' notice | 108,206,413 (99.08%) | 1,008,229 (0.92%) | 0 | 109,214,642 | 90.63 |
Notes:
(i) Votes 'For' include those votes giving the Chair discretion.
(ii) The number of ordinary shares in issue on 25 January 2022 was 120,506,916. Shareholders are entitled to one vote per share.
(iii) A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes validly cast.
Full details of the resolutions are set out in the Notice of Annual General Meeting dated 15 December 2021 (which is available on the Company's website at www.auctiontechnologygroup.com).
Resolutions 1 to 14 were ordinary resolutions, requiring more than 50 per cent. of shareholders' votes to be cast in favour of the resolutions. Resolutions 15 to 18 were special resolutions, requiring at least 75 per cent. of shareholders' votes to be cast in favour of the resolutions.
A copy of all the resolutions passed other than ordinary business at the Annual General Meeting has been submitted to the Financial Conduct Authority via the National Storage Mechanism and will shortly be available for inspection at https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism.
For further information contact:
Tulchan Communications (Public relations advisor to the Company) Tom Murray, Matt Low, Laura Marshall | +44 207 353 4200 ATG@tulchangroup.com
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Auction Technology Group plc For investor enquiries For media enquiries
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investorrelations@auctiontechnologygroup.com
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