Last checked at 19 May 2022 16:20
Network International Holdings Plc
Results of Annual General Meeting 19 May 2022
Network International Holdings Plc (LSE: NETW) (the "Company"), the leading enabler of digital commerce across the Middle East and Africa (MEA), announces that its Annual General Meeting held at 12:00pm on Thursday, 19 May 2022 was successfully concluded. All Resolutions were duly passed by way of a poll.
THE COMPANIES ACT 2006
NETWORK INTERNATIONAL HOLDINGS PLC
(A company limited by shares incorporated under the laws of England and Wales)
RESOLUTIONS PASSED AT THE ANNUAL GENERAL MEETING OF NETWORK INTERNATIONAL HOLDINGS PLC (THE "COMPANY") HELD IN PHYSICAL AND ELECTRONIC MODE AT THE LINCOLN CENTRE, 18 LINCOLN'S INN FIELDS, LONDON, WC2A 3ED, UNITED KINGDOM AT 12:00PM ON THURSDAY, 19 MAY 2022
Resolutions 1 to 16 (inclusive) were proposed and passed as ORDINARY RESOLUTIONS and Resolutions 17 to 20 (inclusive) were proposed and passed as SPECIAL RESOLUTIONS on a poll, and received the following votes:
Resolutions passed | Votes "For" | Votes "For" % | Votes "Against" | Votes "Against" % | Votes Total | % of Issued Share Capital Voted | Votes "Withheld" |
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ORDINARY RESOLUTIONS: | |||||||||
1 | To receive the annual report and accounts of the Company for the year ended 31 December 2021. | 493,569,640 | 100.00 | 0 | 0.00 | 493,569,640 | 87.96% | 327,013 |
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2 | To approve the directors' remuneration report for the financial year ended 31 December 2021. | 482,371,017 | 98.22 | 8,751,958 | 1.78 | 491,122,975 | 87.53% | 2,773,678 |
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3 | To re-elect Mr. Rohinton Kalifa, OBE as a director of the Company. | 427,372,882 | 92.73 | 33,482,951 | 7.27 | 460,855,833 | 82.13% | 33,040,820 |
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4 | To re-elect Nandan Mer as a director.
| 493,759,581 | 99.97 | 137,072 | 0.03 | 493,896,653 | 88.02% | 0 |
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5 | To re-elect Darren Pope as a director. | 457,768,275 | 99.33 | 3,087,558 | 0.67 | 460,855,833 | 82.13% | 33,040,820 |
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6 | To re-elect Anil Dua as a director.
| 493,759,581 | 99.97 | 137,072 | 0.03 | 493,896,653 | 88.02% | 0 |
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7 | To re-elect Victoria Hull as a director. | 433,928,119 | 94.16 | 26,927,714 | 5.84 | 460,855,833 | 82.13% | 33,040,820 |
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8 | To elect Rohit Malhotra as a director. | 493,257,771 | 99.87 | 638,882 | 0.13 | 493,896,653 | 88.02% | 0 |
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9 | To re-elect Habib Al Mulla as a director. | 457,768,275 | 99.33 | 3,087,558 | 0.67 | 460,855,833 | 82.13% | 33,040,820 |
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10 | To re-elect Diane Radley as a director. | 412,728,404 | 83.57 | 81,168,249 | 16.43 | 493,896,653 | 88.02% | 0 |
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11 | To re-elect Monique Shivanandan as a director. | 493,733,312 | 99.97 | 163,341 | 0.03 | 493,896,653 | 88.02% | 0 |
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12 | To re-elect Suryanarayan Subramanian as a director. | 493,759,581 | 99.97 | 137,072 | 0.03 | 493,896,653 | 88.02% | 0 |
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13 | To re-appoint KPMG LLP as auditors until the conclusion of the next annual general meeting at which the accounts are laid. | 493,896,653 | 100.00 | 0 | 0.00 | 493,896,653 | 88.02% | 0 |
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14 | To authorise the audit committee for and on behalf of the board to determine the remuneration of the auditors. | 493,891,198 | 100.00 | 5,455 | 0.00 | 493,896,653 | 88.02% | 0 |
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15 | To grant authority to make political donations. | 491,012,994 | 99.47 | 2,594,659 | 0.53 | 493,607,653 | 87.97% | 289,000 |
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16 | To grant Authority to allot shares.
| 490,723,768 | 99.36 | 3,172,885 | 0.64 | 493,896,653 | 88.02% | 0 |
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SPECIAL RESOLUTIONS: | |||||||||
17 | To grant general authority to dis-apply pre-emption rights. | 493,884,458 | 100.00 | 12,195 | 0.00 | 493,896,653 | 88.02% | 0 |
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18 | To grant additional authority to dis-apply pre-emption rights | 492,813,023 | 99.78 | 1,083,630 | 0.22 | 493,896,653 | 88.02% | 0 |
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19 | To authorise market purchase of own shares | 493,848,210 | 99.99 | 30,845 | 0.01 | 493,879,055 | 88.02% | 17,598 |
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20 | To authorise that a general meeting (other than an annual general meeting) may be called on not less than 14 clear days' notice. | 456,868,910 | 92.50 | 37,027,743 | 7.50 | 493,896,653 | 88.02% | 0 |
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Notes:
1. Details of the resolutions are set out in the Notice of Annual General Meeting dated 12 April 2022 (which is available on the Company's website at https://investors.networkinternational.ae/).
2. Resolutions 1 to 16 were ordinary resolutions, requiring more than 50% of shareholders' votes to be cast in favour of the resolutions. Resolutions 17 to 20 were special resolutions, requiring at least 75% of shareholders' votes to be cast in favour of the resolutions.
3. There were 561,101,690 ordinary shares in issue all of which had the right to vote. None of the ordinary shares were held in treasury.
4. A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.
5. In accordance with Listing Rules 9.6.2R and 9.6.3R, copies of the resolutions numbered 17, 18, 19 and 20 will be submitted to the National Storage Mechanism as soon as practicable and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. A copy of the resolutions may also be obtained from the Notice of Meeting which is available on the Company's website at https://investors.networkinternational.ae/.
Jaishree Razzaq
Chief Risk Officer & Group Company Secretary
Network International Holdings Plc
Investor Relations enquiries | |
Network International | InvestorRelations@Network.Global |
Amie Gramlick, Head of Investor Relations | |
Media enquiries | |
Teneo | NetworkInternational@Teneo.com |
Ben Foster, Andy Parnis |