14 Jul 2015 16:56
Dairy Crest Group plc
Results of Annual General Meeting held on 14 July 2015
Dairy Crest Group plc announces that at its Annual General Meeting held today at One Wood Street, London EC2V 7WS, all of the resolutions proposed in the Notice of the Meeting were passed by shareholders by means of a poll vote.
The votes cast were as follows:
Resolution | For1 | Against | Votes Withheld2 | |||
No. of shares | % | No. of shares | % | |||
1 | Receive & adopt Report & Accounts for the year ended 31 March 2015 | 71,493,191
| 99.91
| 66,481
| 0.09
| 133,470
|
2 | Approval of Directors' Remuneration Policy** | 45,426,747 | 63.43 | 26,190,774 | 36.57 | 75,621 |
3 | Declare final dividend of 15.7 pence per ordinary share | 71,650,586 | 100.00 | 0 | 0 | 42,556 |
4 | Re-elect Mark Allen as a Director | 71,222,058 | 99.46 | 388,270 | 0.54 | 82,814 |
5 | Re-elect Tom Atherton as a Director | 71,311,367 | 99.59 | 295,972 | 0.41 | 85,803 |
6 | Re-elect Stephen Alexander as a Director | 71,194,248 | 99.43 | 405,905 | 0.57 | 92,989 |
7 | Re-elect Andrew Carr-Locke as a Director | 71,274,776 | 99.62 | 269,631 | 0.38 | 148,735 |
8 | Re-elect Sue Farr as a Director | 71,137,455 | 99.35 | 466,648 | 0.65 | 89,039 |
9 | Re-elect Richard Macdonald as a Director | 70,684,118 | 99.73 | 189,165 | 0.27 | 819,859 |
10 | Re-appoint Ernst & Young LLP as auditors | 68,380,994 | 95.47 | 3,244,650 | 4.53 | 67,498 |
11 | Authorise Directors to determine Auditor's remuneration | 68,551,002
| 95.70
| 3,082,477
| 4.30
| 59,663 |
12* | Allow general meetings to be called on at least 14 days' notice | 64,080,713
| 89.45
| 7,557,614
| 10.55
| 54,815
|
13 | Authorise incurring political expenditure | 67,628,834 | 94.45 | 3,973,351 | 5.55 | 90,957 |
14 | Authorise allotment of equity securities | 71,201,475 | 99.43 | 409,155 | 0.57 | 82,512 |
15* | Disapplication of pre-emption rights | 71,493,976 | 99.82 | 126,088 | 0.18 | 73,078 |
16* | Authorise Directors to make market purchases of shares of the Company | 71,578,800
| 99.91
| 65,242
| 0.09
| 49,100
|
Notes:
1 The 'for' votes include those giving the Chairman discretion.
2 A vote 'withheld' is not a vote in law and is not counted in the calculation of the votes 'for' and 'against' each resolution.
3 Votes 'for' and 'against' are expressed as a percentage of the votes received.
4 Voting was conducted by poll.
5 The total number of proxy votes cast was 71,693,142 representing 52.02% of voting capital as at 10 July 2015. At the close of business on 10 July 2015, the issued share capital of the Company was 137,813,751 ordinary shares (no shares are held in Treasury).
6 * Denotes a Special Resolution.
7 **Whilst we note that resolution 2 was passed with a majority of 63%, 37% of the vote was not supportive of the resolution. We intend to write to shareholders to understand the basis of their concerns.
The full text of the resolutions can be found in the Notice of Annual of General Meeting which is available for inspection at the National Storage Mechanism http://www.hemscott.com/nsm.do and also on the Company's website at http://www.dairycrest.co.uk/investors
In accordance with Listing Rules 9.6.3(1) and 9.6.18 a copy of the resolutions passed (other than those concerning ordinary business) will shortly be submitted to the National Storage Mechanism and will also be available for inspection at http://www.hemscott.com/nsm.do
For further enquiries please contact:
Robin Miller, Company Secretary +44 (0)1372 472252