AO World plc Result of AGM (7794L)

TIDMAO.

RNS Number : 7794L

AO World plc

21 July 2017

AO World PLC ("Company")

Result of Annual General Meeting

At the Annual General Meeting (AGM) of AO World plc held earlier today all the resolutions put to the meeting were passed. Details of the votes cast are shown in the table below.

 
      Resolution                  Votes in             Votes against         Total         Votes 
                                   favour*                                   number      Withheld** 
                                                                            of votes 
                                                                              cast 
---  --------------------                                                ------------ 
                              No. of         %         No.         %                      No. of 
                               shares                of shares                             shares 
---  --------------------  ------------  --------  -----------  -------  ------------  ------------ 
      To receive 
       the report 
  1    and accounts         357,758,893    98.73%    4,591,006    1.27%   362,349,899             0 
---  --------------------  ------------  --------  -----------  -------  ------------  ------------ 
      To approve 
       the Directors' 
       remuneration 
  2    report               310,008,134    86.21%   49,582,704   13.79%   359,590,838     2,759,061 
---  --------------------  ------------  --------  -----------  -------  ------------  ------------ 
      To approve 
       the Directors 
       remuneration 
  3    policy               359,543,265    99.23%    2,806,634    0.77%   362,349,899             0 
---  --------------------  ------------  --------  -----------  -------  ------------  ------------ 
      To re-elect 
       Geoff Cooper 
  4    as a Director        352,276,971    97.22%   10,072,610    2.78%   362,349,581           318 
---  --------------------  ------------  --------  -----------  -------  ------------  ------------ 
      To re-elect 
       John Roberts 
  5    as a Director        362,213,327    99.96%      136,254    0.04%   362,349,581           318 
---  --------------------  ------------  --------  -----------  -------  ------------  ------------ 
      To re-elect 
       Steve Caunce 
  6    as a Director        362,223,571    99.97%      126,010    0.03%   362,349,581           318 
---  --------------------  ------------  --------  -----------  -------  ------------  ------------ 
      To re-elect 
       Mark Higgins 
  7    as a Director        362,225,571    99.97%      124,010    0.03%   362,349,581           318 
---  --------------------  ------------  --------  -----------  -------  ------------  ------------ 
      To re-elect 
       Brian McBride 
  8    as a Director        359,679,581    99.26%    2,670,000    0.74%   362,349,581           318 
---  --------------------  ------------  --------  -----------  -------  ------------  ------------ 
      To re-elect 
       Chris Hopkinson 
  9    as a Director        316,758,899    87.51%   45,222,951   12.49%   361,981,850       368,049 
---  --------------------  ------------  --------  -----------  -------  ------------  ------------ 
      To re-elect 
       Marisa Cassoni 
 10    as a Director        359,653,740    99.26%    2,695,841    0.74%   362,349,581           318 
---  --------------------  ------------  --------  -----------  -------  ------------  ------------ 
      To re- appoint 
       KPMG LLP as 
 11    auditors             362,347,899   100.00%        2,000    0.00%   362,349,899             0 
---  --------------------  ------------  --------  -----------  -------  ------------  ------------ 
      To authorise 
       the Directors 
       to determine 
       the remuneration 
 12    of the auditors      362,341,899   100.00%        2,000    0.00%   362,343,899         6,000 
---  --------------------  ------------  --------  -----------  -------  ------------  ------------ 
      To authorise 
       the Directors 
 13    to allot shares      327,078,260    90.27%   35,265,639    9.73%   362,343,899         6,000 
---  --------------------  ------------  --------  -----------  -------  ------------  ------------ 
      To disapply 
       pre-emption 
 14    rights***            362,343,899   100.00%            0    0.00%   362,343,899         6,000 
---  --------------------  ------------  --------  -----------  -------  ------------  ------------ 
      To disapply 
       pre-emption 
       rights - limited 
       to an acquisition 
       or capital 
 15    investment***        343,568,236    94.82%   18,775,663    5.18%   362,343,899         6,000 
---  --------------------  ------------  --------  -----------  -------  ------------  ------------ 
      To authorise 
       the Company 
       to purchase 
 16    its own shares***    359,564,997    99.23%    2,784,902    0.77%   362,349,899             0 
---  --------------------  ------------  --------  -----------  -------  ------------  ------------ 
      To approve 
       the waiver 
       granted by 
       the Takeover 
       Panel of any 
       obligation 
       under Rule 
       9 of the Takeover 
       Code for John 
       Roberts and 
       Steve Caunce 
       and any persons 
       acting in 
       concert with 
       them to make 
       an offer for 
       the 
       Company following 
       a purchase 
       of shares 
 17    by the Company****   153,153,409    76.94%   45,907,787   23.06%   199,061,196       368,049 
---  --------------------  ------------  --------  -----------  -------  ------------  ------------ 
      To approve 
       the waiver 
       granted by 
       the Takeover 
       Panel of any 
       obligation 
       under Rule 
       9 of the Takeover 
       Code for John 
       Roberts and 
       Steve Caunce 
       and any persons 
       acting in 
       concert with 
       them to make 
       an offer for 
       the 
       Company following 
       the exercise 
       of their options 
       over ordinary 
       shares 
 18    in the Company****   184,623,923    92.75%   14,437,273    7.25%   199,061,196       368,049 
---  --------------------  ------------  --------  -----------  -------  ------------  ------------ 
      To authorise 
       the Company 
       to make political 
 19    donations            359,549,749    99.99%       34,771    0.01%   359,584,520     2,765,379 
---  --------------------  ------------  --------  -----------  -------  ------------  ------------ 
      To authorise 
       the Company 
       to hold general 
       meetings on 
 20    14 days' notice***   361,186,187    99.68%    1,163,712    0.32%   362,349,899             0 
---  --------------------  ------------  --------  -----------  -------  ------------  ------------ 
 
   *      Includes those votes giving the Chairman discretion 

** A vote 'Withheld' has no legal effect and is not counted in the votes 'For' and 'Against' a resolution

*** Passed as special resolutions

**** As required by the Takeover Code, John Roberts and Steve Caunce (and their Persons Closely Associated) have not voted their aggregate shareholding of 162,920,654 Ordinary Shares

The maximum number of votes cast was 362,349,899 representing 78.98% of the Company's issued share capital of 458,788,480 as at 6pm on 19 July 2017.

In accordance with Listing Rule 9.6.2, copies of all the resolutions passed as special business have been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM

Enquiries:

AO World plc

Julie Finnemore

Company Secretary

Tel: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 21, 2017 07:39 ET (11:39 GMT)