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Result of AGM

29 Apr 2024 16:01

RNS Number : 4644M
Ocado Group PLC
29 April 2024
 

RESULT OF AGM

OCADO GROUP PLC

29 April 2024

 

Ocado Group plc

Annual General Meeting 2024 Results

 

 

Ocado Group plc ("Ocado") held its Annual General Meeting (the "AGM") on 29 April 2024.

 

Resolutions 1 to 19 (inclusive) were passed as ordinary resolutions; resolutions 20 to 23 (inclusive) were passed as special resolutions. Results of the poll for each resolution are shown in the table below.

 

Resolutions

For

Against

Total Votes

Votes Withheld

Votes

%

Votes

%

1.

To receive the Annual Report and Accounts

654,682,528

99.99

75,622

0.01

654,758,150

7,550,831

2.

Approval of the Directors' Remuneration Policy

533,525,459

80.57

128,698,258

19.43

662,223,717

85,264

3.

Approval of the Directors' Remuneration Report

654,618,469

98.86

7,568,632

1.14

662,187,101

111,880

4.

To re-elect Rick Haythornthwaite as a Director of the Company

652,769,259

98.56

9,517,716

1.44

662,286,975

112,006

5.

To re-elect Tim Steiner as a Director of the Company

661,914,068

99.95

306,780

0.05

662,220,848

88,133

6.

To re-elect Stephen Daintith as a Director of the Company

655,777,490

99.23

5,105,787

0.77

660,883,277

1,515,704

7.

To re-elect Jörn Rausing as a Director of the Company

653,821,928

98.73

8,387,603

1.27

662,209,531

99,450

8.

To re-elect Andrew Harrison as a Director of the Company

650,298,286

98.48

10,033,250

1.52

660,331,536

1,977,445

9.

To re-elect Emma Lloyd as a Director of the Company

656,326,650

99.11

5,876,783

0.89

662,203,433

105,547

10.

To re-elect Julie Southern as a Director of the Company

643,006,654

97.10

19,199,765

2.90

662,206,419

102,562

11.

To re-elect Nadia Shouraboura as a Director of the Company

656,317,914

99.11

5,883,867

0.89

662,201,781

107,200

12.

To re-elect Julia M. Brown as a Director of the Company

655,371,738

98.97

6,830,639

1.03

662,202,377

106,604

13.

To elect Rachel Osborne as a Director of the Company

648,113,609

97.87

14,085,872

2.13

662,199,481

109,500

14.

To re-appoint Deloitte LLP as auditor

638,797,200

96.66

22,042,244

3.34

660,839,444

1,469,537

15.

To authorise the Audit Committee, on behalf of the Board, to determine the auditor's remuneration

651,844,030

98.43

10,414,835

1.57

662,258,865

50,116

16.

Authority for political donations and political expenditure

654,096,222

99.02

6,481,784

0.98

660,578,006

1,730,975

17.

To approve the Ocado Performance Share Plan 2024

533,887,730

80.62

128,364,705

19.38

662,252,435

56,546

18.

Authority to allot shares up to one-third of issued share capital

657,383,243

99.26

4,874,691

0.74

662,257,934

51,047

19.

Authority to allot shares in connection with a pre-emptive offer only

657,323,742

99.26

4,923,424

0.74

662,247,166

61,815

20.

General authority to disapply pre-emption rights*

581,263,857

87.77

80,986,329

12.23

662,250,186

58,795

21.

Additional authority to disapply pre-emption rights*

575,410,157

86.89

86,836,415

13.11

662,246,572

62,409

22.

Authority to purchase own shares*

660,759,812

99.77

1,505,964

0.23

662,265,776

43,205

23.

Notice of general meetings*

655,680,833

99.00

6,593,178

1.00

662,274,011

34,970

 * Special Resolution

 

As required by the Listing Rules of the Financial Conduct Authority, a copy of certain resolutions have been submitted to the Financial Conduct Authority via the National Storage Mechanism. This document will be available shortly for viewing at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

A copy of the Annual General Meeting results will be available on Ocado's website: www.ocadogroup.com.

 

Person responsible for arranging the release of this announcement:

 

Megan Barnes

Head of Secretariat

Ocado Group plc

Buildings One & Two, Trident Place,

Mosquito Way,

Hatfield

Hertfordshire, AL10 9UL

+ 44 1707 228 000

company.secretary@ocado.com

Ocado Group plc LEI: 213800LO8F61YB8MBC74

 

Notes:

 

(i) Votes 'withheld' are not votes under English law and so have not been included in the calculation of whether a resolution is carried. Percentages have been rounded to two decimal places.

 

(ii) As at 7.00am on 29 April 2024, the Company's issued share capital was 829,943,680 ordinary shares of 2p each admitted to trading. The Company does not hold any ordinary shares in treasury. Each ordinary share carries the right to one vote in relation to all circumstances at general meetings of the Company. Of these issued ordinary shares: (1) 2,589,946 shares are held by Solium Trustee (UK) Limited, the trustee for the Company's employee Share Incentive Plan, who must vote, at the request of a participant, in respect of ordinary shares held by the trustee on behalf of that participant; (2) 536,438 shares are held by Wealth Nominees Limited, and 9,917,035 shares are held by Winterflood Client Nominees Limited, both on behalf of Ocorian Limited (formerly known as Estera Trust (Jersey) Limited), the independent company which is the trustee of Ocado's Employee Benefit Trust (the "EBT Trustee"). The EBT Trustee has waived its right to exercise its voting rights and to receive dividends in respect of 9,917,035 ordinary shares, although it may vote in respect of 536,438 ordinary shares which have vested under the joint share ownership scheme and remain in the trust, at the request of a participant. The total of 10,453,473 ordinary shares held by the EBT Trustee are treated as treasury shares in the group's consolidated balance sheet in accordance with IAS 32 ''Financial Instruments: Presentation''. As such, calculations of earnings per share for Ocado exclude the 10,453,473 ordinary shares held by the EBT Trustee.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
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