5 Feb 2016 15:00
5 February 2016
On The Beach Group PLC
(The "Company")
Result of Annual General Meeting
The Board of the Company announces that the Resolutions proposed at the Annual General Meeting held earlier today were duly passed on a show of hands by the required majority.
Further details of the Resolutions were set out in the notice of meeting to shareholders of the Company issued on 8 January 2016.
The proxy votes for each resolution were as follows:
Resolution | For | % | Against | % | Withheld⁺ |
Resolution 1: Ordinary Resolution to receive the annual accounts of the Company for the year ended 30 September 2015 together with the directors' and auditors' reports thereon. | 99,590,133 | 100 | 0 | 0 | 0 |
Resolution 2: Ordinary Resolution to approve the directors' remuneration policy for the year ended 30 September 2015 | 92,568,002 | 92.95 | 7,022,131 | 7.05 | 0 |
Resolution 3: Ordinary Resolution to approve the directors' remuneration report for the year ended 30 September 2015 | 99,590,133 | 100 | 0 | 0 | 0 |
Resolution 4: Ordinary Resolution to reappoint Simon Cooper as a director of the Company | 99,590,133 | 100 | 0 | 0 | 0 |
Resolution 5: Ordinary Resolution to reappoint Richard Segal as a director of the Company | 99,590,133 | 100 | 0 | 0 | 0 |
Resolution 6: Ordinary Resolution to reappoint Gwendoline Parry as a director of the Company | 99,590,133 | 100 | 0 | 0 | 0 |
Resolution 7: Ordinary Resolution to reappoint Lee Ginsberg as a director of the Company | 98,321,133 | 100 | 0 | 0 | 1,269,000 |
Resolution 8: Ordinary Resolution to reappoint David Kelly as a director of the Company | 98,321,133 | 100 | 0 | 0 | 1,269,000 |
Resolution 9: Ordinary Resolution to reappoint KPMG LLP as auditors to the Company for the period from the conclusion of this meeting to the conclusion of the next general meeting of the Company at which the accounts are laid. | 98,321,133 | 98.73 | 1,269,000 | 1.27 | 0 |
Resolution 10: Ordinary Resolution to authorise the directors to determine the auditors' remuneration. | 99,590,133 | 100 | 0 | 0 | 0 |
Resolution 11: Ordinary Resolution to authorise the allotment of shares | 99,590,133 | 100 | 0 | 0 | 0 |
Resolution 12: Ordinary Resolution to adopt the reduced disclosure framework under FRS 102* | -
| - | -
| - | - |
Resolution 13: Special Resolution to disapply statutory pre-emption rights | 99,585,133 | 99.99 | 5,000 | 0.01 | 0 |
Resolution 14: Special Resolution to authorise the purchase of own shares | 99,590,133 | 100 | 0 | 0 | 0 |
*Resolution 12 regarding the adoption of the reduced disclosure framework under FRS 102 was withdrawn as redundant due to prior objections being received (in the form of proxy votes against the resolution) by shareholders holding in aggregate 5.3% of the Company's issued share capital, which was in excess of the 5% objection limit set out in FRS 102.
⁺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:
On the Beach Group plc Simon Cooper, Chief Executive Officer Wendy Parry, Chief Financial Officer Kirsteen Vickerstaff, Company Secretary
| c/o FTI Consulting |
FTI Consulting Jonathon Brill Alex Beagley Tom Hufton | Tel: +44 (0)20 3727 1000 |
On The Beach (OTB)