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9 Jun 2025 17:01
MOBICO GROUP PLC
Result of AGM - 9 June 2025
Mobico Group PLC (the "Company") held its Annual General Meeting ("AGM") today in the Bevan Suite at BMA House, British Medical Association, Tavistock Square, London, WC1H 9JP at 2.30pm. All resolutions at the AGM were put to the meeting on a poll and were passed with the requisite majority. The full results are detailed below.
As at 6.30pm on Thursday 5 June 2025, the time by which shareholders who wanted to vote at the AGM must have been entered on the Company's register of members, there were 614,086,377 ordinary shares of 5 pence each in issue. Shareholders are entitled to one vote per share on a poll.
Resolution | VOTES FOR
| VOTES AGAINST | % of ISC voted | Number of votes withheld | |||
No. of shares | % | No. of shares | % | ||||
1. | To receive the accounts of the Company for the year ended 31 December 2024 and the Directors' and Auditors' Reports thereon | 350,419,571 | 99.84 | 567,638 | 0.16 | 57.16% | 793,968 |
2. | To approve the Annual Report on Remuneration (advisory vote only) | 348,152,321 | 99.15 | 2,998,956 | 0.85 | 57.18% | 629,900 |
3. | To elect Phil White as a Director of the Company | 320,744,048 | 91.24 | 30,783,129 | 8.76 | 57.24% | 254,000 |
4. | To re-elect Jorge Cosmen as a Director of the Company | 263,619,282 | 74.99 | 87,916,046 | 25.01 | 57.25% | 245,849 |
5. | To re-elect Enrique Dupuy de Lome Chávarri as a Director of the Company | 302,614,239 | 86.09 | 48,898,553 | 13.91 | 57.24% | 268,385 |
6. | To re-elect Carolyn Flowers as a Director of the Company | 302,130,640 | 85.95 | 49,395,739 | 14.05 | 57.24% | 254,798 |
7. | Resolution withdrawn | n/a | n/a | n/a | n/a | n/a | n/a |
8. | To re-elect Karen Geary as a Director of the Company | 302,289,577 | 85.99 | 49,241,802 | 14.01 | 57.24% | 249,798 |
9. | To re-elect Nigel Pocklington as a Director of the Company | 305,440,428 | 86.89 | 46,083,459 | 13.11 | 57.24% | 257,290 |
10. | To re-elect Ana de Pro Gonzalo as a Director of the Company | 305,698,502 | 86.96 | 45,828,877 | 13.04 | 57.24% | 253,798 |
11. | To re-appoint Deloitte LLP as the Company's auditor | 327,541,720 | 93.18 | 23,986,321 | 6.82 | 57.24% | 253,136 |
12. | To authorise the Directors to fix the auditor's remuneration | 327,933,047 | 93.27 | 23,650,769 | 6.73 | 57.25% | 197,361 |
13. | To approve the 2025 Long-Term Incentive Plan | 349,940,796 | 99.54 | 1,632,677 | 0.46 | 57.25% | 207,704 |
14. | To authorise political donations and expenditure | 349,228,411 | 99.44 | 1,963,524 | 0.56 | 57.19% | 589,242 |
15. | To authorise the Directors to allot shares | 347,188,682 | 98.87 | 3,958,379 | 1.13 | 57.18% | 634,116 |
16. | To give the Directors power to disapply pre-emption rights - general | 347,835,755 | 99.06 | 3,305,331 | 0.94 | 57.18% | 640,091 |
17. | To give the Directors power to disapply pre-emption rights - specific | 347,534,606 | 98.97 | 3,603,994 | 1.03 | 57.18% | 642,577 |
18. | To authorise the Company to purchase its own shares | 350,744,767 | 99.77 | 806,775 | 0.23 | 57.25% | 229,635 |
19. | To call General Meetings (other than AGMs) on 14 clear days' notice | 345,532,035 | 98.27 | 6,074,035 | 1.73 | 57.26% | 175,107 |
NOTES:
1. The 'For' vote includes those giving the Chairperson discretion.
2. Votes 'Withheld' are not counted in the calculation of the proportion of votes 'For' or 'Against' a resolution.
3. Resolutions 1 to 15 were ordinary resolutions which required a majority of votes cast to be in favour.
4. Resolutions 16 to 19 were special resolutions which required at least 75% of votes cast to be in favour.
5. In accordance with Listing Rule 6.4.2R, copies of the resolutions passed as special business will shortly be available for inspection on the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
6. The voting results shown above are also available on the Company's website at https://www.mobicogroup.com/investors/agm
The Board is pleased to note that all resolutions were passed with the requisite majority of votes and welcomes the overwhelming support of the Company's shareholders for the majority of the resolutions proposed.
The Board is also grateful for the support of the majority of its shareholders for the resolutions proposed on the re-appointment of the directors. However, it recognises that support for the appointment of certain of the directors is lower than usual, and that support for the re-appointment of one of the directors is below 80%.
The Board values an open and transparent dialogue with our shareholders, and will engage with them to ensure all views are understood and taken into consideration in respect of matters. In accordance with the UK Corporate Governance Code, we will publish an update on this engagement within six months of the AGM.
- END -
Company contacts:
Simon Callander, Group General Counsel & Company Secretary
+44 (0) 7795 232 708
Gillian Saunderson, Deputy Company Secretary
+44 (0) 7471 142 961
Notes
Legal Entity Identifier: 213800A8IQEMY8PA5X34
Classification: 3.1 (with reference to DTR6 Annex 1R)
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