Tribal Group PLC Result of AGM (2516Y)

TIDMTRB

RNS Number : 2516Y

Tribal Group PLC

13 May 2016

Tribal Group plc

Result of Annual General Meeting

At the Annual General Meeting of the members of Tribal Group plc duly convened and held on Friday 13 May 2016 a show of hands was held on each resolution proposed, which were passed with large majorities:

 
 No.   Description          For         %      Against       %     Withheld 
----  ---------------  ------------  ------  -----------  ------  --------- 
       Report & 
 1      Accounts        133,213,537   99.99     4,405      0.01     1,972 
----  ---------------  ------------  ------  -----------  ------  --------- 
       Remuneration 
 2      Report          129,723,638   97.41   3,443,708    2.59     52,568 
----  ---------------  ------------  ------  -----------  ------  --------- 
       Re-appoint 
 3      Deloitte        133,203,602   99.99     16,312     0.01       0 
----  ---------------  ------------  ------  -----------  ------  --------- 
       Auditor's 
 4      Remuneration    133,214,981   99.99     2,961      0.01     1,972 
----  ---------------  ------------  ------  -----------  ------  --------- 
       Elect Ian 
 5      Bowles          133,195,496   99.99     12,257     0.01     12,161 
----  ---------------  ------------  ------  -----------  ------  --------- 
       Re-elect 
 6      Steve Breach    122,570,156   92.01   10,637,597   7.99     12,161 
----  ---------------  ------------  ------  -----------  ------  --------- 
       Elect Richard 
 7      Last            133,204,352   99.99     10,833     0.01     4,729 
----  ---------------  ------------  ------  -----------  ------  --------- 
       Elect Roger 
 8      McDowell        116,258,363   87.28   16,944,822   12.72    16,729 
----  ---------------  ------------  ------  -----------  ------  --------- 
       Re-elect 
 9      David Egan      133,228,949   99.99     14,236     0.01     16,729 
----  ---------------  ------------  ------  -----------  ------  --------- 
       Authority 
        to allot 
 10     shares          113,685,530   85.34   19,534,223   14.66     161 
----  ---------------  ------------  ------  -----------  ------  --------- 
       Disapply 
        pre-emption 
 11     rights          133,155,173   99.95     64,540     0.05      201 
----  ---------------  ------------  ------  -----------  ------  --------- 
       Purchase 
 12     of own shares   133,122,245   99.93     97,629     0.07       40 
----  ---------------  ------------  ------  -----------  ------  --------- 
       Notice period 
        for General 
 13     Meetings        129,620,914   97.30   3,598,839    2.70      161 
----  ---------------  ------------  ------  -----------  ------  --------- 
 

Resolutions 11, 12 and 13 were passed as special resolutions.

The votes withheld are not a vote in law and are not counted in the overall voting figures.

Number of shares in issue: 195,380,299

Further detail on the figures can be found at www.tribalgroup.com, in the Investors section.

Special business

The Resolutions set out below were duly passed as special business:

12. To consider and if thought fit pass the following resolution as a Special Resolution:

"That, in accordance with Article 11 of its Articles of Association, the Company is generally and unconditionally authorised for the purposes of section 701 of the 2006 Act to make market purchases (as defined in section 693(4) of the 2006 Act) of ordinary shares of 5p each in the Company ("Ordinary Shares") on such terms and in such manner as the directors of the Company may from time to time determine provided that:

(a) the maximum number of Ordinary Shares that may be purchased pursuant to this authority is 19,538,029;

(b) the maximum price which may be paid for an Ordinary Share purchased pursuant to this authority is an amount equal to 105 per cent. of the average of the middle market quotation of the Company's Ordinary Shares as derived from the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which that share is purchased and the minimum price which may be paid is 5p per Ordinary share (in each case exclusive of expenses payable by the Company); and

(c) this authority will expire at the conclusion of the annual general meeting of the Company to be held in 2017 unless renewed or extended before that time, but the Company may enter into a contract for the purchase of its Ordinary Shares under this authority before its expiry which will or may be completed wholly or partly after the expiry of this authority and may make a purchase of Ordinary Shares in pursuance of any such contract."

13. To consider and if thought fit pass the following resolution as a Special Resolution:

"That a General Meeting other than an Annual General Meeting may be called on not less than 14 clear days' notice."

ENQUIRIES:

 
Tribal Group plc                        Tel: 0845 
                                         123 6001 
Rob Ewin, Company Secretary 
Stephen Breach, Group Finance Director 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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May 13, 2016 10:15 ET (14:15 GMT)