Last checked at 9 Jun 2010 12:07
9 June 2010
Mears Group PLC
("Mears" or "the Group")
Result of AGM
Board Changes
At the Annual General Meeting ("AGM") of Mears, held earlier today at 2 Gresham Street, London, all the resolutions put to the meeting were passed.
Board Changes
In line with the Group's announcement on 9 March 2010, shareholders have approved the following changes to the Board:
Davida Marston has been appointed to the Board and the Audit Committee. She has an excellent background in finance, banking and the public sector. Davida will be appointed Chair of the Audit Committee on the retirement of Michael Macario following the Company's AGM in 2011.
Rory Macnamara has been appointed to the Board as non-executive director and to the Remuneration Committee. He has an excellent background in finance and public company management. Rory has been appointed Chairman of the Nominations Committee.
Reg Pomphrett who joined the Board in 1998 did not seek re-election at today's AGM but will remain as Group Company Secretary. Reg was Chair of the Remuneration Committee and Peter Dicks, non-executive Deputy Chairman has now been appointed to this position.
Summary of AGM Proxy Voting:
For information, the summary of the proxy voting is shown in the table below. The full text of the resolutions is shown in the Notice of the Annual General Meeting, which is available on the Mears website at www.mearsgroup.co.uk.
Copies of all special resolutions will be submitted to the UK Listing Authority and will shortly be made available for inspection at the UK Listing Authority's Documents Viewing Facility, 25 The North Colonnade, Canary Wharf, London E14 5HS.
| Resolution | Votes For | Votes Against | Votes at Chairman's Discretion | Votes with held |
| 1. Report and Accounts | 51,803,583 | 314,000 | 14,208 | 1,567,184 |
| 2. Remuneration Policy | 28,669,371 | 13,104,228 | 389,796 | 11,455,579 |
| 3. Re-appointment Auditors | 53,209,222 | 22,851 | 19,318 | 447,584 |
| 4. Final Dividend | 53,234,183 | 0 | 17,208 | 447,584 |
| 5. Andrew Smith | 53,182,632 | 51,551 | 17,208 | 447,584 |
| 6. Mike Rodgers | 51,514,917 | 1,719,266 | 17,208 | 447,584 |
| 7. Alan Long | 53,183,516 | 50,667 | 17,208 | 447,584 |
| 8. Michael Macario | 44,313,445 | 8,915,419 | 17,567 | 452,584 |
| 9. Davida Marston | 53,149,783 | 69,400 | 17,208 | 462,584 |
| 10. Rory Macnamara | 50,633,053 | 2,585,530 | 17,808 | 462,584 |
| 11. Alteration to Articles | 51,227,733 | 892,511 | 19,208 | 1,559,523 |
| 12. Allot Securities | 48,740,911 | 3,471,931 | 19,208 | 1,466,925 |
| 13. Disapply pre-emption | 50,661,298 | 2,570,085 | 20,008 | 447,584 |
| 14. General Meetings | 52,201,040 | 932,343 | 18,008 | 447,584 |
Notes:
1. 'Votes For' do not include those giving the Chairman discretion.
2. The total number of ordinary shares eligible to vote as at 9 June 2010 was 84,611,994.
-Ends-
| Enquiries:
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| Mears Group PLC |
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| Bob Holt, Chairman | Tel: +44(0)7778 798 816 |
| Andrew Smith, Finance Director | Tel: +44(0)7712 866 461 |
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| Hansard Communications John Bick/ Kirsty Corcoran | Tel: +44(0) 20 7245 1100 Tel: +44(0)7872 061007 |