Last checked at 2 May 2019 15:15
Reach plc
2 May 2019
Results of Annual General Meeting ("AGM")
At the AGM of Reach plc (the 'Company') held today at 11.30 am at the Museum of London Docklands, No.1 Warehouse, West India Quay, London E14 4AL, all resolutions set out in the Notice of Meeting were voted on a poll and were passed by the requisite majorities. Resolutions 1 to 13 and 17 were passed as ordinary resolutions and resolutions 14 to 16 and 18 were passed as special resolutions. The results of the poll are set out below.
VOTESFOR | % | VOTESAGAINST | % | VOTESCAST | % of ISC VOTED | VOTESWITHHELD | ||
1 | Annual Report and Accounts | 236,685,122 | 99.98 | 48,213 | 0.02 | 236,733,335 | 79.10% | 60,640 |
2 | Remuneration Report | 192,593,200 | 83.14 | 39,052,286 | 16.86 | 231,645,486 | 77.40% | 5,151,501 |
3 | Dividend | 236,783,936 | 99.99 | 12,648 | 0.01 | 236,796,584 | 79.13% | 1,042 |
4 | Elect Simon Fuller | 231,028,557 | 99.77 | 543,978 | 0.23 | 231,572,535 | 77.38% | 5,225,091 |
5 | Re-elect Nick Prettejohn | 231,899,772 | 97.93 | 4,892,784 | 2.07 | 236,792,556 | 79.12% | 5,069 |
6 | Re-elect Simon Fox | 235,860,446 | 99.61 | 932,328 | 0.39 | 236,792,774 | 79.12% | 4,852 |
7 | Re-elect Steve Hatch | 220,152,519 | 94.20 | 13,558,243 | 5.80 | 233,710,762 | 78.09% | 3,086,863 |
8 | Re-elect David Kelly | 224,637,434 | 96.97 | 7,014,121 | 3.03 | 231,651,555 | 77.41% | 5,146,071 |
9 | Re-elect Helen Stevenson | 226,807,629 | 95.79 | 9,980,391 | 4.21 | 236,788,020 | 79.12% | 9,606 |
10 | Re-elect Olivia Streatfeild | 226,808,944 | 95.79 | 9,979,076 | 4.21 | 236,788,020 | 79.12% | 9,606 |
11 | Appoint PricewaterhouseCoopers LLP | 236,427,359 | 99.85 | 363,456 | 0.15 | 236,790,815 | 79.12% | 6,811 |
12 | Auditors' remuneration | 236,744,384 | 99.98 | 51,631 | 0.02 | 236,796,015 | 79.12% | 1,611 |
13 | Allot shares | 236,530,121 | 99.89 | 264,070 | 0.11 | 236,794,191 | 79.12% | 3,435 |
14 | Disapplication of pre-emption rights | 236,740,043 | 99.98 | 52,130 | 0.02 | 236,792,173 | 79.12% | 5,453 |
15 | Further disapplication of pre-emption rights | 231,531,410 | 97.78 | 5,260,810 | 2.22 | 236,792,220 | 79.12% | 5,405 |
16 | Purchase of own shares | 231,562,290 | 97.80 | 5,207,876 | 2.20 | 236,770,166 | 79.12% | 27,459 |
17 | Political donations | 182,438,448 | 77.05 | 54,354,388 | 22.95 | 236,792,836 | 79.12% | 4,790 |
18 | Notice for General Meetings | 235,008,010 | 99.25 | 1,787,456 | 0.75 | 236,795,466 | 79.12% | 2,160 |
Notes:
1. 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" a resolution.
2. The issued share capital figure used to calculate the percentage voted is 299,268,697. This is the figure as at close of business on 30 April 2019 and excludes the number of ordinary shares held in treasury at that date.
3. The directors of the Company (the 'Directors') note the proportion of votes cast against resolution 17. As explained in the circular to shareholders containing the notice of Annual General Meeting, neither the Company nor any of its subsidiaries has any intention of making any direct political donation or incurring political expenditure pursuant to this resolution. This resolution was proposed to ensure that neither the Company nor its subsidiaries inadvertently commits any breaches of the Companies Act 2006 (the 'Act') through the undertaking of routine activities in consequence of the very wide scope of the relevant provisions in that Act. The Directors remain convinced that the passing of the resolution was in the best interest of the Company with a view to its avoiding any such technical breach which could otherwise arise.
In accordance with Listing Rule 9.6.3R, a copy of the resolutions passed as Special Business at the AGM have been submitted to the National Storage Mechanism and will be available in due course for viewing at http://www.morningstar.co.uk/uk/NSM
Enquiries
Reach plc | ||
Simon Fox, Chief Executive Simon Fuller, Chief Financial Officer and Company Secretary | 020 7293 3553 | |
Brunswick | ||
Nick Cosgrove, Partner | 020 7404 5959 | |
Will Medvei, Director | ||