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9 Sep 2021 17:15
Speedy Hire Plc
9 September 2021
Speedy Hire Plc ("Company")
Resolutions passed at Annual General Meeting - 9 September 2021
At the Annual General Meeting of the Company held on 9 September 2021 at the offices of Addleshaw Goddard LLP at One St Peter's Square, Manchester M2 3DE, all resolutions were passed on a show of hands.
The following is a summary of the Forms of Proxy received prior to the time of the Annual General Meeting by the Registrars, appointing the Chairman of the Annual General Meeting as proxy:
No | Resolution | For* | Against | Withheld** | ||
No. of Votes | % of Vote | No. of Votes | % of Vote | No. of Votes | ||
1 | To receive and adopt the annual accounts for the financial year ended 31 March 2021 together with the reports of the Directors and auditors (ordinary). | 417,975,373 | 99.98% | 79,986 | 0.02% | 121,494 |
2 | To approve the Directors' Remuneration Report for the financial year ended 31 March 2021 (ordinary). | 299,292,417 | 78.64% | 81,308,422 | 21.36% | 37,576,014 |
3 | To declare a final dividend of 1.40 pence per share in respect of the year ended 31 March 2021 (ordinary). | 418,113,853 | 100.00% | 3,000 | 0.00% | 60,000 |
4 | To elect James Bunn as a Director of the Company (ordinary). | 418,008,291 | 99.96% | 149,958 | 0.04% | 18,604 |
5 | To elect Shatish Dasani as a Director of the Company (ordinary). | 418,063,847 | 99.98% | 94,402 | 0.02% | 18,604 |
6 | To elect Carol Kavanagh as a Director of the Company (ordinary). | 417,982,013 | 99.96% | 176,236 | 0.04% | 18,604 |
7 | To re-elect David Shearer as a Director of the Company (ordinary). | 397,364,565 | 95.03% | 20,793,684 | 4.97% | 18,604 |
8 | To re-elect Russell Down as a Director of the Company (ordinary). | 418,064,534 | 99.98% | 95,567 | 0.02% | 16,752 |
9 | To re-elect David Garman as a Director of the Company (ordinary). | 411,054,651 | 98.30% | 7,103,598 | 1.70% | 18,604 |
10 | To re-elect Rob Barclay as a Director of the Company (ordinary). | 401,350,024 | 95.98% | 16,823,225 | 4.02% | 3,604 |
11 | To re-elect Rhian Bartlett as a Director of the Company (ordinary). | 411,050,622 | 98.30% | 7,093,317 | 1.70% | 32,914 |
12 | To appoint KPMG LLP as Auditors (ordinary). | 415,802,912 | 99.45% | 2,304,089 | 0.55% | 69,852 |
13 | To authorise the Directors to determine the remuneration of KPMG LLP (ordinary). | 417,871,159 | 99.93% | 283,654 | 0.07% | 22,040 |
14 | To authorise the Directors to allot shares (ordinary). | 413,621,478 | 98.92% | 4,504,448 | 1.08% | 50,927 |
15 | To authorise the Directors to allot securities free from pre-emption rights, subject to certain specified limitations (special). | 417,955,312 | 99.96% | 183,714 | 0.04% | 37,827 |
16 | To disapply statutory pre-emption rights in relation to acquisitions or other capital investments (special). | 412,427,108 | 98.63% | 5,737,073 | 1.37% | 12,672 |
17 | To authorise the Company to make market purchases of its own shares (special). | 416,026,923 | 99.53% | 1,960,650 | 0.47% | 189,280 |
18 | To authorise the calling of general meetings on not less than 14 days' notice (special). | 417,181,378 | 99.77% | 968,733 | 0.23% | 26,742 |
19 | To permit the Company to make political donations (ordinary). | 394,791,553 | 94.42% | 23,352,126 | 5.58% | 33,174 |
* The votes of any proxy giving the Chairman discretion how to vote have been included in the votes For a resolution.
** A vote withheld is not a vote in law and is not counted in the calculation of percentages of votes cast For and Against a resolution.
N.B. Percentage figures are rounded to 2 decimal places.
The Board notes that, while all of the resolutions at today's Annual General Meeting were passed with the requisite majority, Resolution 2 (Approval of the Remuneration Report) passed with 78.64% of votes in favour.
Following recent engagement on our Remuneration Report with our major shareholders, we would like to thank those who discussed their views with us. FY2021 was an exceptional year due to the Covid-19 pandemic which resulted in some challenging circumstances for the Remuneration Committee to consider. We were reassured that a good majority of shareholders were supportive of the decisions taken. That said, we acknowledge that some shareholders did not agree.
Following the AGM, the Remuneration Committee will continue to engage with our major shareholders to fully understand their concerns. We will publish an update on our engagement within six months of the AGM, in accordance with the UK Corporate Governance Code.
As at the date of the AGM, the number of issued shares of the Company was 528,509,631.
In accordance with Listing Rule 9.6.2, copies of all the resolutions passed as special business at the Annual General Meeting will shortly be available for inspection at the National Storage Mechanism which can be accessed at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Neil Hunt
Company Secretary
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