Last checked at 24 Apr 2024 16:00
Serco Group plc (the Company)
Legal Entity Identifier: 549300PT2CIHYN5GWJ21
Result of Annual General Meeting
The Company announces the results of its Annual General Meeting (AGM) held at 11am today.
All resolutions were passed by the requisite majority on a poll; resolutions 1 to 8 and 12 as ordinary resolutions and resolutions 9 to 11 and 13 as special resolutions. The number of votes cast was 75.95% of the issue share capital (excluding treasury shares).
The following table set out the votes that were cast in respect of the resolutions:
Resolution | Total votes For1 | % | Total votes Against
| % | Total votes cast | Votes Withheld2 | |
1. | To receive the Annual Report and Accounts | 812,693,023 | 99.58 | 3,439,830 | 0.42 | 816,132,853 | 13,022,146 |
2. | To approve the Directors' Remuneration Report | 746,884,010 | 90.76 | 75,995,510 | 9.24 | 822,879,520 | 6,275,479 |
3. | To approve the Directors' Remuneration Policy | 690,996,641 | 83.34 | 138,123,003 | 16.66 | 829,119,644 | 35,355 |
4. | To approve the Final Dividend of 2.27 pence per share | 827,260,058 | 99.77 | 1,892,692 | 0.23 | 829,152,750 | 2,249 |
5(a). | To re-elect John Rishton as a Director | 763,736,712 | 92.11 | 65,382,075 | 7.89 | 829,118,787 | 36,212 |
5(b). | To re-elect Mark Irwin as a Director | 820,211,310 | 98.93 | 8,910,314 | 1.07 | 829,121,624 | 33,375 |
5(c). | To re-elect Nigel Crossley as a Director | 824,011,897 | 99.38 | 5,109,956 | 0.62 | 829,121,853 | 33,146 |
5(d). | To re-elect Kirsty Bashforth as a Director | 812,096,617 | 97.95 | 17,023,700 | 2.05 | 829,120,317 | 34,682 |
5(e). | To re-elect Kru Desai as a Director | 819,193,484 | 98.80 | 9,922,628 | 1.20 | 829,116,112 | 38,887 |
5(f). | To re-elect Ian El-Mokadem as a Director | 825,587,448 | 99.57 | 3,528,299 | 0.43 | 829,115,747 | 39,252 |
5(g). | To re-elect Tim Lodge as a Director | 825,553,104 | 99.57 | 3,557,843 | 0.43 | 829,110,947 | 44,052 |
5(h). | To re-elect Dame Sue Owen as a Director | 819,141,460 | 98.80 | 9,978,008 | 1.20 | 829,119,468 | 35,531 |
5(i). | To re-elect Lynne Peacock as a Director | 825,548,958 | 99.57 | 3,568,995 | 0.43 | 829,117,953 | 37,046 |
6. | To re-appoint KPMG LLP as auditor of the Company | 814,030,436 | 98.18 | 15,092,151 | 1.82 | 829,122,587 | 32,412 |
7. | To authorise the Audit Committee to determine auditor's remuneration | 828,961,870 | 99.98 | 169,449 | 0.02 | 829,131,319 | 23,680 |
8. | To authorise Directors to allot shares | 778,807,874 | 93.93 | 50,327,862 | 6.07 | 829,135,736 | 19,263 |
9. | To disapply statutory pre-emption rights (first disapplication resolution) | 762,953,871 | 92.02 | 66,151,707 | 7.98 | 829,105,578 | 49,421 |
10. | To disapply pre-emption rights in (second disapplication resolution) | 759,701,537 | 91.63 | 69,398,067 | 8.37 | 829,099,604 | 55,395 |
11. | To authorise the Company to purchase its own shares | 812,788,054 | 98.29 | 14,177,500 | 1.71 | 826,965,554 | 2,189,445 |
12. | To authorise political donations | 765,353,541 | 93.68 | 51,637,266 | 6.32 | 816,990,807 | 12,164,192 |
13. | To authorise the convening of a general meeting (other than an AGM) on not less than 14 clear days' notice | 809,679,996 | 97.65 | 19,464,624 | 2.35 | 829,144,620 | 10,379 |
NOTES:
1. 'Total Votes For' include votes recorded as at the discretion of the appointed proxy.
2. The 'Vote Withheld' option was provided to enable shareholders to refrain from voting on any particular resolution. A vote withheld is not a
vote in law and has not been counted in the calculation of the proportion of the vote 'For' and 'Against' a resolution.
3. As at the record date of the AGM (22 April 2024 at 6.30pm), the issued share capital of the Company was 1,090,903,176 ordinary shares (excluding treasury shares).
4. The full text of the resolutions is detailed in the Notice of Meeting which can be found on the Company's website https://www.serco.com/investors/shareholder-information
A copy of the special business resolutions passed at the AGM has been submitted to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority's National Storage Mechanism which is located at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Nickesha Graham-Burrell
Group Company Secretary
24 April 2024
For further information please contact:
Paul Checketts, Head of Investor Relations, tel: +44 (0) 7718 195 074 or email: paul.checketts@serco.com
Marcus De Ville, Head of Media Relations; tel +44 (0) 7738 898 550 or email: marcus.deville@serco.com
About Serco
Serco brings together the right people, the right technology and the right partners to create innovative solutions that make positive impact and address some of the most urgent and complex challenges facing the modern world. With a primary focus on serving governments globally, Serco's services are powered by more than 50,000 people working across defence, space, migration, justice, healthcare, mobility and customer services. Serco's core capabilities include service design and advisory, resourcing, complex programme management, systems integration, case management, engineering, and asset & facilities management. Underpinned by Serco's unique operating model, Serco drives innovation and supports customers from service discovery through to delivery. More information can be found at www.serco.com.