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On the Beach Group - Result of AGM

RNS Number : 2461C
On the Beach Group PLC
06 February 2020
 

6 February 2020

On The Beach Group plc (the "Company")

Result of Annual General Meeting

The Board of the Company announces that at its Annual General Meeting ("AGM") held today, 6 February 2020, all the resolutions considered at the AGM were duly passed by the required majority by means of a poll vote.

The results of the poll votes on the resolutions are shown in the table below:


Resolution

Votes for

Votes against

Total votes cast (excl. withheld)

Votes withheld



No. of votes

% of  vote

No. of votes

% of vote

No. of votes

No. of votes

1.    

To receive the report & accounts

108,062,353

100.00%

0

0.00%

108,775,983

713,630

2.    

To approve the Directors' remuneration report

89,498,760

83.80%

17,298,452

16.20%

108,775,982

1,978,770

3.    

Declare final dividend of 2.0p per share

108,775,983

100.00%

0

0.00%

108,775,983

0

4.    

To appoint Richard Pennycook

107,704,557

99.59%

445,359

0.41%

108,775,982

626,066

5.    

To re-appoint Simon Cooper as a Director

108,610,718

99.85%

165,265

0.15%

108,775,983

0

6.    

To re-appoint Paul Meehan as a Director

108,607,568

99.85%

168,415

0.15%

108,775,983

0

7.    

To re-appoint David Kelly  as a Director

105,312,041

96.82%

3,463,941

3.18%

108,775,982

0

8.    

To re-appoint Elaine O'Donnell as a director

108,287,756

99.55%

488,227

0.45%

108,775,983

0

9.    

To appoint Ernst & Young LLP as auditors

108,775,776

100.00%

207

0.00%

108,775,983

0

10. 

To authorise the directors to determine the auditor's remuneration.

108,771,181

100.00%

4,802

0.00%

108,775,983

0

11. 

To authorise the directors to allot shares.

105,447,671

96.94%

3,328,312

3.06%

108,775,983

0

12. 

To authorise political donations.  

107,181,311

98.53%

1,594,587

1.47%

108,775,983

85

13. 

To increase the borrowing limits of the Company

108,136,778

99.41%

639,204

0.59%

108,775,982

0

14. 

To dis-apply statutory pre-emption rights

108,770,065

99.99%

5,918

0.01%

108,775,983

0

15. 

To dis-apply statutory pre-emption rights (acquisition or capital investment).  

95,184,346

87.50%

13,591,573

12.50%

108,775,982

63

16. 

To authorise the purchase of own shares. 

108,137,205

99.42%

634,182

0.58%

108,775,982

4,595

17. 

To reduce the notice period required for General Meetings

107,559,533

98.88%

1,216,450

1.12%

108,775,983

0

 

 

 

Notes:

 

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' any resolution.

 

2.     The Company's total ordinary shares in issue (total voting rights) as at the date of the AGM was 131,215,750 ordinary shares of £0.01 each. Ordinary shareholders are entitled to one vote per ordinary share held.

 

3.     Resolutions 14 to 17 were passed as special resolutions.

 

4.     In accordance with paragraph 9.6.2 of the LSE Listing Rules, a copy of the resolutions passed as special business at the AGM have been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM.

 

5.     The complete poll results will be available shortly on the Company's website at: http://www.onthebeachgroupplc.com.

 

 

 

For further information:

On the Beach Group plc

Simon Cooper, Chief Executive Officer

Paul Meehan, Chief Financial Officer

Kirsteen Vickerstaff, Company Secretary

 

c/o FTI Consulting

FTI Consulting

Jonathon Brill

Alex Beagley

Fiona Walker

Tel: +44 (0)20 3727 1000

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: On the Beach Group

Price: 192.8

Market: LSE
Market Cap: £252.99 m
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