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National Express - Result of AGM

RNS Number : 3380M
National Express Group PLC
07 May 2020
 

 

NATIONAL EXPRESS GROUP PLC

("Company")

 

RESULTS OF ANNUAL GENERAL MEETING

 

The Company is pleased to announce the voting results of its Annual General Meeting ("AGM" or "Meeting") held earlier today at the offices of Burges Salmon LLP, One Glass Wharf, Bristol BS2 0ZX.

All resolutions, as set out in the Notice of Meeting dated 25 March 2020, except for resolution 3 (concerning the declaration of the final dividend for the year ended 31 December 2019) and resolution 5 (concerning the re-election of Matt Ashley) both of which were withdrawn prior to the Meeting, were passed with the requisite majority of votes cast being cast in favour of them on a poll. Resolutions 1 to 19 (with the exception of resolutions 3 and 5) were each passed as an Ordinary Resolution (requiring a simple majority of the votes cast to be cast in favour of them to be passed) and resolutions 20 to 24 were each passed as a Special Resolution (requiring at least a 75% majority of the votes cast to be cast in favour of them to be passed). The results of the poll on each resolution are set out below.

 

 

RESOLUTION (NUMBER AND DESCRIPTION)

 

TOTAL VOTES FOR 1 AND AGAINST

 

VOTES

FOR 1

 

%

FOR 1

 

VOTES AGAINST

 

 

% AGAINST

 

VOTES WITHHELD 2

1. To receive and adopt the accounts of the Company for the year ended 31 December 2019 and the Directors' and Auditors' Reports thereon

419,250,552

419,244,649

100.00

5,903

0.00

450,455

2. To approve the Annual Report on Remuneration (advisory vote only)

379,471,278

367,372,589

96.81

12,098,689

3.19

40,229,728

3. WITHDRAWN

n/a

n/a

n/a

n/a

n/a

n/a

4. To re-elect Sir John Armitt as a Director

409,289,231

405,732,816

99.13

3,556,415

0.87

10,411,775

5. WITHDRAWN

n/a

n/a

n/a

n/a

n/a

n/a

6. To re-elect Jorge Cosmen as a Director

419,679,812

413,508,054

98.53

6,171,758

1.47

21,195

7. To re-elect Matthew Crummack as a Director

419,677,031

417,612,588

99.51

2,064,443

0.49

23,976

8. To re-elect Chris Davies as a Director

419,683,667

417,431,184

99.46

2,252,483

0.54

17,340

9. To re-elect Dean Finch as a Director

419,688,500

418,309,308

99.67

1,379,192

0.33

12,507

10. To elect Ana de Pro Gonzalo as a Director

409,563,812

388,307,382

94.81

21,256,430

5.19

10,137,195

11. To elect Karen Geary as a Director

419,680,972

418,319,807

99.68

1,361,165

0.32

20,035

12. To re-elect Mike McKeon as a Director

419,682,209

418,834,411

99.80

847,798

0.20

18,798

13. To re-elect Chris Muntwyler as a Director

419,682,241

419,011,611

99.84

670,630

0.16

18,766

14. To re-elect Elliot (Lee) Sander as a Director

419,685,542

419,337,378

99.92

348,164

0.08

15,465

15. To re-elect Ashley Steel as a Director

419,627,160

419,037,090

99.86

590,070

0.14

73,847

16. To re-appoint Deloitte LLP as the Company's auditor

414,660,756

414,625,078

99.99

35,678

0.01

5,040,251

17. To authorise the Directors to agree and set the auditor's remuneration

419,678,681

419,648,067

99.99

30,614

0.01

22,326

18. To authorise political donations and expenditure

419,637,324

413,852,575

98.62

5,784,749

1.38

63,682

19. To authorise the Directors to allot shares

419,682,130

                                         414,515,416

98.77

5,166,714

1.23

18,877

20. To disapply pre-emption rights - general 3

409,323,245

407,478,664

99.55

1,844,581

0.45

10,377,762

21. To disapply pre-emption rights - specific 3

409,329,332

402,438,271

98.32

6,891,061

1.68

10,371,674

22. To authorise the Company to purchase its own shares 3

419,452,266

412,120,029

98.25

7,332,237

1.75

248,740

23. To call General Meetings (other than AGMs) on 14 clear days' notice 3

419,688,094

410,708,695

97.86

8,979,399

2.14

12,913

24. To adopt new articles of association of the Company in substitution for the current articles of association 3

419,622,636

419,587,844

99.99

34,792

0.01

78,371

 

¹ Includes discretionary votes

² A vote Withheld is not a vote in law and is not counted in the calculation of votes For or Against the resolutions

³ Indicates Special Resolution

 

The number of shares in issue and eligible to vote at the meeting was 511,738,648 ordinary shares of 5 pence each. Each shareholder, present in person or by proxy or by duly authorised corporate representative, was entitled to one vote per share held. The total number of votes cast (i.e. For, Against and Withheld) was 419,701,007 ordinary shares representing an 82.01% turnout.

 

In accordance with Listing Rule 9.6.2R, copies of the resolutions passed as special business will shortly be available for inspection on the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism 

 

The voting results shown above are also available on the Company's website at https://www.nationalexpressgroup.com/investors/agm/2020/

 

- END -

Company contacts:

Jennifer Myram, Company Secretary

Telephone +44 (0)20 7805 3807

 

Melanie Travis, Deputy Company Secretary

Telephone +44 (0) 20 7805 3805

 

Notes

Legal Entity Identifier: 213800A8IQEMY8PA5X34

Classification: 3.1 (with reference to DTR6 Annex 1R)

 


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END
 
 
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Quick facts: National Express

Price: 166.1

Market: LSE
Market Cap: £1.02 billion
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