7 Feb 2013 16:51
Thomas Cook Group plc
(the "Company")
Annual General Meeting
At the Company's Annual General Meeting held at 10.30 am on Thursday 7 February 2013, the following resolutions set out in the notice of meeting were duly passed by the requisite majority on a poll. The poll results of each resolution are set out below.
Resolution | Votes For (incl. Chairman's Discretion) | % | Votes Against | % | Total Votes Cast (excl. withheld votes) | Votes Withheld 1 | |
1. | To receive the Accounts and the Reports | 463,108,915 | 99.99 | 38,632 | 0.01 | 463,147,547 | 14,997 |
2. | To approve the Remuneration Report | 307,213,359 | 70.28 | 129,898,306 | 29.72 | 437,111,665 | 26,050,879 |
3. | To re-elect Dawn Airey | 461,182,489 | 99.58 | 1,922,279 | 0.42 | 463,104,768 | 57,776 |
4. | To elect Emre Berkin | 462,795,437 | 99.94 | 274,263 | 0.06 | 463,069,700 | 92,844 |
5. | To re-elect Roger Burnell | 432,454,280 | 93.38 | 30,634,809 | 6.62 | 463,089,089 | 73,455 |
6. | To elect Harriet Green | 455,029,546 | 98.25 | 8,083,157 | 1.75 | 463,112,703 | 49,841 |
7. | To elect Michael Healy | 462,462,925 | 99.86 | 631,296 | 0.14 | 463,094,221 | 68,323 |
8. | To re-elect Peter Marks | 454,987,490 | 98.25 | 8,099,564 | 1.75 | 463,087,054 | 75,490 |
9. | To re-elect Frank Meysman | 462,777,469 | 99.93 | 318,385 | 0.07 | 463,095,854 | 66,690 |
10. | To re-elect Martine Verluyten | 461,179,184 | 99.59 | 1,914,365 | 0.41 | 463,093,549 | 68,995 |
11. | To re-appoint PricewaterhouseCoopers LLP as Auditors of the Company | 455,712,333 | 99.08 | 4,225,304 | 0.92 | 459,937,637 | 3,224,907 |
12. | To give authority to the Directors to fix the Auditors' remuneration | 458,105,088 | 99.56 | 2,043,868 | 0.44 | 460,148,956 | 3,013,588 |
13. | To give authority to make political donations | 459,845,659 | 99.32 | 3,141,247 | 0.68 | 462,986,906 | 175,638 |
14. | To give authority to the Directors to allot shares | 458,484,817 | 99.09 | 4,226,343 | 0.91 | 462,711,160 | 451,384 |
15. | To give authority to the Directors to disapply pre-emption rights | 462,207,587 | 99.91 | 417,063 | 0.09 | 462,624,650 | 537,894 |
16. | To amend the period of notice for general meetings | 429,447,199 | 92.73 | 33,652,804 | 7.27 | 463,100,003 | 62,541 |
The Board of Thomas Cook Group welcomes the support of the substantial majority of its shareholders who today approved the Remuneration Report at the Company's annual meeting.
As the Board has previously made clear, its over-riding objective in making remuneration decisions last year was to secure a top-quality Chief Executive and Chief Financial Officer and to incentivise them to drive the transformation of the Company and rebuild shareholder value. The Board's guiding principle is to ensure that pay reflects performance, and that we do not pay for non-performance.
The Board believes that the progress made by the Company under the new leadership team and the very substantial shareholder value generated over the past six months fully justifies the remuneration decisions, which have benefited all investors.
All other resolutions from today's meeting received overwhelming shareholder support.
A copy of the non routine resolutions passed at the Annual General Meeting will shortly be submitted to the National Storage Mechanism and will be available for inspection at: www.Hemscott.com/nsm.do.
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.
For further information please contact:
Media Enquiries - FTI Consulting | |
Andrew Lorenz | +44 (0) 7775 641807 |
+44 (0) 20 7269 7291 | |
Thomas Cook Group plc | |
Jenny Peters, Group Head of Communications | +44 (0) 7568 105144 |
Derek Woodward, Group Company Secretary | +44 (0) 20 7557 6415 |