Last checked at 2 Feb 2017 15:43
2 February 2017
On the Beach Group plc (the "Company")
Result of Annual General Meeting
The Board of the Company announces that at its Annual General Meeting ("AGM") held today, 2 February 2017, all the Resolutions set out in the notice of the AGM were duly passed by the requisite majority of votes by shareholders by way of poll. The results of the poll for each Resolution were as follows:
Resolution | For | % | Against | % | Withheld⁺ |
Resolution 1: Ordinary Resolution to receive the annual accounts of the Company for the year ended 30 September 2016 together with the directors' and auditor's reports thereon. | 94,122,903
| 100
| 0 | 0 | 0 |
Resolution 2: Ordinary Resolution to approve the directors' remuneration report the year ended 30 September 2016 | 94,110,445 | 99.99
| 12,458 | 0.01 | 0 |
Resolution 3: Ordinary Resolution to declare a final dividend of 2.2 pence per ordinary share in respect of the year ended 30 September 2016 | 94,122,903 | 100 | 0 | 0 | 0 |
Resolution 4: Ordinary Resolution to appoint Paul Meehan as a director of the Company | 94,118,122 | 99.99 | 4,781 | 0.01 | 0 |
Resolution 5: Ordinary Resolution to reappoint Simon Cooper as a director of the Company | 94,118,122 | 99.99 | 4,781 | 0.01 | 0 |
Resolution 6: Ordinary Resolution to reappoint Richard Segal as a director of the Company | 94,122,903 | 100 | 0 | 0 | 0 |
Resolution 7: Ordinary Resolution to reappoint Lee Ginsberg as a director of the Company | 93,607,839 | 99.47 | 499,074 | 0.53 | 15,990 |
Resolution 8: Ordinary Resolution to reappoint David Kelly as a director of the Company | 94,099,076 | 99.99 | 7,837 | 0.01 | 15,990 |
Resolution 9: Ordinary Resolution to reappoint KPMG LLP as auditors to the Company for the period from the conclusion of this meeting to the conclusion of the next general meeting of the Company at which the accounts are laid. | 94,094,295 | 99.97 | 28,608 | 0.03 | 0 |
Resolution 10: Ordinary Resolution to authorise the directors to determine the auditor's remuneration. | 94,122,903 | 100 | 0 | 0 | 0 |
Resolution 11: Ordinary Resolution to approve the On the Beach Group plc Save as You Earn Plan | 94,122,797 | 100 | 106 | 0 | 0 |
Resolution 12: Ordinary Resolution to authorise the allotment of shares | 93,709,904 | 99.56 | 412,999 | 0.44 | 0 |
Resolution 13: Special Resolution to disapply statutory pre-emption rights | 94,117,903 | 99.99 | 5,000 | 0.01 | 0 |
Resolution 14: Special Resolution to authorise the purchase of own shares | 94,106,913 | 99.98 | 15,990 | 0.02 | 0 |
⁺A 'Vote withheld' is not a vote in law and is not counted in the calculation of the proportion of the votes 'For' and 'Against' any resolution.
The Company's total ordinary shares in issue (total voting rights) as at 2 February 2017 was 130,434,763 of ordinary shares of £0.01 each. Ordinary shareholders are entitled to one vote per ordinary share held.
In accordance with paragraph 9.6.2 of the LSE Listing Rules, a copy of the resolutions passed at the AGM has been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM.
The complete poll results (inclusive of proxy votes lodged before the AGM) will be available shortly on the Company's website at: http://www.onthebeachgroupplc.com.
For further information:
On the Beach Group plc Simon Cooper, Chief Executive Officer Paul Meehan, Chief Financial Officer Kirsteen Vickerstaff, Company Secretary
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FTI Consulting Jonathon Brill Alex Beagley Fiona Walker | Tel: +44 (0)20 3727 1000 |