4 May 2017 13:14
INMARSAT PLC - ANNUAL GENERAL MEETING - 4 May 2017
Inmarsat plc (the 'Company') announces that at its Annual General Meeting held on 4 May 2017 at 10am at 99 City Road, London EC1Y 1AX, all resolutions set out in the Notice of Annual General Meeting dated 31 March 2017 were passed. A new Remuneration Policy, proposed at the AGM, was passed with over 90% votes in favour. The Board is very pleased with this result and thanks shareholders for their support. The Board is mindful however that the advisory vote for this year's Annual Report on Remuneration passed, however, with just over 51%. In discussions with shareholders in the lead up to the AGM, the Company received comments on the implementation of the Policy during 2016 and the Company has confirmed it will review its approach to remuneration over the next year, which will include a review of the operation of the Bonus Share Award. We will continue to engage with our shareholders as we conduct this review.
In accordance with Listing Rule 9.6.18, a summary of the resolutions passed and details of the proxy votes received are detailed below.
In accordance with Listing Rule 9.6.2, copies of all the resolutions passed by the Company at its Annual General Meeting have been submitted to the National Storage Mechanism and will be available for inspection at http://www.morningstar.co.uk/uk/NSM
Resolutions | Votes For | % | Votes Against | % | Votes Withheld |
01) Receive 2016 annual report
| 350,552,168
| 99.94%
| 221,459
| 0.06%
| 793,032
|
02) Approve remuneration report | 165,153,571 | 51.14% | 157,818,509 | 48.86% | 28,594,579 |
03) Approve the remuneration policy | 291,331,925 | 90.39% | 30,971,298 | 9.61% | 29,263,436 |
04) Declare a final dividend
| 350,793,481 | 100.00% | 1,100 | 0.00% | 772,078 |
05) To elect Phillipa McCrostie as a Director | 350,621,528 | 99.96% | 153,246 | 0.04% | 791,885 |
06) To re-elect Tony Bates as a Director | 350,573,882 | 99.94% | 214,408 | 0.06% | 778,369 |
07) To re-elect Simon Bax as a Director | 347,058,297 | 98.99% | 3,525,523 | 1.01% | 982,839 |
08) To re-elect Sir Bryan Carsberg as a Director | 270,999,933 | 96.46% | 9,956,147 | 3.54% | 70,610,579 |
09) To re-elect General C. Robert Kehler (Rtd) as a Director | 350,566,244 | 99.94% | 211,063 | 0.06% | 789,352 |
10) To re-elect Janice Obuchowski as a Director | 350,769,569 | 100.00% | 7,738 | 0.00% | 789,352 |
11) To re-elect Rupert Pearce as a Director | 350,674,077 | 99.97% | 115,424 | 0.03% | 777,158 |
12) To re-elect Dr. Abraham Peled as a Director | 345,351,054 | 98.45% | 5,426,253 | 1.55% | 789,352 |
13) To-re-elect Robert Ruijter as a Director | 345,178,733 | 98.41% | 5,579,327 | 1.59% | 808,599 |
14) To re-elect Andrew Sukawaty as a Director | 343,155,373 | 97.82% | 7,634,128 | 2.18% | 777,158 |
Resolutions (Cont'd) | Votes For | % | Votes Against | % | Votes Withheld |
15) To re-elect Dr. Hamadoun Touré as a Director | 350,576,398 | 99.94% | 200,909 | 0.06% | 789,352 |
16) To re-appoint the Auditor
| 347,346,426 | 99.02% | 3,441,244 | 0.98% | 778,989 |
17) To determine Remuneration of the auditor | 350,720,099 | 99.98% | 71,208 | 0.02% | 775,352 |
18) Authority to make political donations | 337,705,332 | 98.51% | 5,116,904 | 1.49% | 8,744,423 |
19) Authority to allot shares
| 314,140,916 | 89.64% | 36,322,444 | 10.36% | 1,103,299 |
20) Authority to disapply pre- emption rights - Rights and other pre-emptive issues | 346,785,984 | 99.97% | 99,516 | 0.03% | 4,681,159 |
21) Authority to disapply pre- emption rights - Financing and Special Capital | 314,993,965 | 90.81% | 31,891,435 | 9.19% | 4,681,259 |
22) Authority to purchase own shares | 345,712,930 | 98.56% | 5,063,376 | 1.44% | 790,353 |
23) Notice of general meetings | 328,858,104 | 94.15% | 20,440,463 | 5.85% | 2,268,092 |