Last checked at 17 Apr 2019 14:00
17 April 2019
Drax Group plc
(Symbol: DRX)
Poll Results of the Annual General Meeting
Drax Group plc announces the results of the voting by poll on the resolutions put to its Annual General Meeting held today, Wednesday 17 April 2019.
No.
| Brief Description | Votes For | % | Votes Against | % | Votes Total | Votes Withheld |
1 | To receive and adopt the Annual report and the audited accounts | 298,203,436 | 99.98 | 52,694 | 0.02 | 298,256,130 | 1,896,896 |
2 | To approve the annual statement to shareholders by the Chairman of the Remuneration Committee and the annual report on remuneration | 242,114,746 | 80.67 | 58,033,489 | 19.33 | 300,148,235 | 4,792 |
3 | To declare the final dividend of 8.5 pence per share | 299,718,692 | 99.86 | 432,045 | 0.14 | 300,150,737 | 2,290 |
4 | To elect Vanessa Simms as a director of the Company | 299,288,484 | 99.72 | 854,339 | 0.28 | 300,142,823 | 10,095 |
5 | To elect Andy Skelton as a director of the Company | 296,836,219 | 98.90 | 3,306,604 | 1.10 | 300,142,823 | 10,095 |
6 | To re-elect Tim Cobbold as a director of the Company | 283,268,798 | 99.45 | 1,553,264 | 0.55 | 284,822,062 | 15,330,856 |
7 | To re-elect Philip Cox as a director of the Company | 271,373,835 | 95.28 | 13,448,240 | 4.72 | 284,822,075 | 15,330,842 |
8 | To re-elect Will Gardiner as a director of the Company | 299,372,150 | 99.74 | 776,465 | 0.26 | 300,148,615 | 4,303 |
9 | To elect Nicola Hodson as a director of the Company | 272,230,810 | 96.08 | 11,113,143 | 3.92 | 283,343,953 | 16,808,965 |
10 | To re-elect Andy Koss as a director of the Company | 298,771,885 | 99.54 | 1,378,319 | 0.46 | 300,150,204 | 2,714 |
11 | To elect David Nussbaum as a director of the Company | 283,265,485 | 99.45 | 1,555,577 | 0.55 | 284,821,062 | 15,331,856 |
12 | To re-elect Tony Thorne as a director of the Company | 283,267,989 | 99.45 | 1,555,087 | 0.55 | 284,823,076 | 15,329,842 |
13 | To re-appoint Deloitte LLP as auditor | 288,369,385 | 96.55 | 10,295,550 | 3.45 | 298,664,935 | 1,488,091 |
14 | Authority to determine auditor's remuneration | 294,883,991 | 98.25 | 5,258,008 | 1.75 | 300,141,999 | 11,028 |
15 | Authority to make EU political donations to a specified limit | 166,635,963 | 58.23 | 119,520,040 | 41.77 | 286,156,003 | 13,997,023 |
16 | Authority to allot shares | 297,299,575 | 99.05 | 2,842,145 | 0.95 | 300,141,720 | 11,307 |
17 | Authority to make non pre-emptive share allotments | 300,099,658 | 99.99 | 40,011 | 0.01 | 300,139,669 | 13,358 |
18 | Authority to purchase own shares | 296,031,509 | 98.82 | 3,541,542 | 1.18 | 299,573,051 | 579,975 |
19 | Authority to call a General Meeting on not less than 14 days' notice | 293,361,544 | 97.74 | 6,784,594 | 2.26 | 300,146,138 | 6,780 |
Resolutions 1 to 19 were carried.
The total number of voting rights in the Company is 394,092,649.
At the 2019 AGM, 41.77% of votes cast by our shareholders were against Resolution 15, the authority relating to political donations1. It is not the policy of the Group to make donations to any political party, nor do we provide financial support to further the aims of any political group or party. In the lead up to the AGM, we engaged with shareholders on this issue and have reviewed the feedback. We appreciate the time given and comments offered which have provided us with a clearer understanding of shareholder views.
As part of our approach to stakeholder engagement, we believe that it is in the best interests of the Company to listen and participate in public debate and opinion-forming on matters which affect the Company's business. We will continue to engage with shareholders, to help formulate our approach to such engagement going forward, and explain why the Board considers the resolution to be in the best interests of the company and our shareholders.
Brett Gladden
Company Secretary
Drax Group plc
END
1 responding to the restrictions imposed by the Political Parties, Elections and Referendums Act 2000 on companies making donations to EU political organisations or incurring political expenditure without shareholder consent.