27 Jun 2013 18:25
STOBART GROUP LIMITED
('Stobart' or 'the Company')
Result of AGM
Stobart, a leading provider of multi-modal Transport, Distribution and Infrastructure services,announces that at its Annual General Meeting held at 11.30 a.m. today, each of the resolutions submitted to the meeting (as set out in the Notice of Meeting dated 24 May 2013) was proposed and passed by the appropriate majority.
The proxy votes received were as follows
Votes in favour | Votes at Chairman's discretion | Votes against | Votes withheld | % in favour incl. Chairman's discretion but excl. withheld votes | |
To receive the Company's Annual Accounts and the Directors' Report, Directors' Remuneration Report and the Auditors' Report. | 265,104,492 | 266,656 | 72,161 | 8,679 | 100.0% |
To declare a final dividend of 4p per ordinary share. | 265,162,314 | 246,406 | 39,235 | 4,033 | 100.0% |
To re-elect Ben Whawell as a Director. | 264,908,402 | 271,217 | 226,786 | 45,583 | 99.9% |
To re-elect Andrew Tinkler as a Director. | 264,528,085 | 269,226 | 605,854 | 48,823 | 99.8% |
To elect William Stobart as a Director | 264,598,509 | 275,226 | 529,705 | 48,548 | 99.8% |
To re-elect Rodney Baker-Bates as a Director. | 252,720,633 | 272,717 | 12,311,956 | 146,682 | 95.3% |
To re-elect Paul Orchard-Lisle CBE as a Director. | 255,468,540 | 272,017 | 9,661,677 | 49,754 | 96.3% |
To re-elect Michael Kayser as a Director. | 255,049,140 | 271,217 | 10,063,740 | 67,891 | 96.2% |
To re-appoint KPMG LLP as Auditors of the Company. | 265,058,016 | 261,711 | 113,631 | 20,612 | 99.9% |
To authorise the Directors to fix the Auditors' remuneration. | 265,082,126 | 276,128 | 78,546 | 15,188 | 100.0% |
To approve the Directors' Remuneration Report. | 246,857,881 | 282,476 | 18,190,061 | 121,570 | 93.1% |
To authorise the Directors to issue shares. | 264,749,816 | 277,636 | 370,472 | 54,064 | 99.8% |
To disapply pre-emption rights on the issue of shares in the Company. | 264,385,851 | 521,675 | 434,631 | 109,831 | 99.8% |
The Scrip Dividend Alternative was chosen in respect of 8,366,645 shares which equates to 2.41% of the Company's issued share capital (excluding treasury shares). This will result in the issue of 367,959 additional shares which equates to 0.11% of the Company's issued share capital (excluding treasury shares) prior to issue. Application has been made for the 367,959 ordinary shares of 10 pence each in the capital of the Company to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities ("Admission"). It is expected that Admission of these ordinary shares will become effective on 1 July 2013.
In accordance with DTR 5.6.1, the Company announces that following Admission of the ordinary shares of the Company referred to above, the Company's issued share capital (excluding treasury shares) will consist of 347,635,540 ordinary shares of 10 pence each with voting rights. The Company currently holds 6,693,291 ordinary shares in treasury. Therefore, the total number of voting rights in the Company will be 347,635,540. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules. michael
A copy of all the resolutions passed, other than those concerning ordinary business, has been submitted to the National Storage Mechanism and will shortly be available for inspection at: http://www.Hemscott.com/nsm.do.
ENDS
About Stobart Group
With over 5,900 employees operating from more than 50 sites across the UK and Europe, Stobart is a UK front-runner in the multimodal logistics, warehousing, civil engineering, rail infrastructure and biomass fuel sectors. At the core of the Group is the Transport and Distribution division, incorporating Eddie Stobart - the iconic name behind a huge road haulage fleet totalling some 2,400 vehicles, over 3,000 trailers and over seven million square feet of warehousing. Stobart Estates, Stobart Infrastructure and Civils, Stobart Air and Stobart Biomass divisions complete the Group's business structure.
www.stobartgroup.co.uk
Enquiries:
Stobart Group | +44 1925 605 400 |
Andrew Tinkler, Chief Executive Officer | |
Ben Whawell, Chief Financial Officer
| |
i-nfluence Associates | +44 20 7287 9610 |
Stuart Dyble/James Andrew
| |
Lansons Communications | +44 7979 692287 |
Tony Langham tonyl@lansons.com | +44 20 7294 3617 |
Anna Schirmer | +44 20 7294 3605 |