Softcat PLC Result of AGM (3850R)

TIDMSCT

RNS Number : 3850R

Softcat PLC

08 December 2016

Softcat plc

Results of Annual General Meeting

Softcat plc (the "Company") announces that at its Annual General Meeting ("AGM") held today, 8 December 2016, all resolutions set out in the notice of the AGM were passed by the requisite majority of votes by shareholders by way of poll. The results of the poll for each resolution were as follows:

 
                            VOTES         %        VOTES        %       VOTES       TOTAL         % OF 
                             FOR                    AGAINST              WITHHELD    SHARES        ISSUED 
                                                                                     VOTED         SHARE 
                                                                                                   CAPITAL 
                                                                                                   VOTED 
-------------------------  ------------  -------  -----------  ------  ----------  ------------  --------- 
 ORDINARY RESOLUTIONS 
-------------------------  ------------  -------  -----------  ------  ----------  ------------  --------- 
 1. To receive 
  the financial 
  statements and 
  the reports 
  of the Directors 
  and the auditor 
  for the year 
  ended 31 July 
  2016                      137,424,383    99.97       36,000    0.03   2,182,595   137,460,383      69.56 
-------------------------  ------------  -------  -----------  ------  ----------  ------------  --------- 
 2. To approve 
  the Directors' 
  Remuneration 
  Report (excluding 
  the Directors' 
  Remuneration 
  Policy)                   133,762,756    99.94       78,859    0.06   5,801,363   133,841,615      67.73 
-------------------------  ------------  -------  -----------  ------  ----------  ------------  --------- 
 3. To approve 
  the Directors' 
  Remuneration 
  Policy                    133,263,599    99.56      591,311    0.44   5,788,068   133,854,910      67.74 
-------------------------  ------------  -------  -----------  ------  ----------  ------------  --------- 
 4. To declare 
  a final dividend 
  for the financial 
  year ended 31 
  July 2016 of 
  3.6 pence per 
  ordinary share            139,605,219    99.97       37,759    0.03        0.00   139,642,978      70.67 
-------------------------  ------------  -------  -----------  ------  ----------  ------------  --------- 
 5. To declare 
  a special dividend 
  of 14.2 pence 
  per ordinary 
  share                     139,642,978   100.00         0.00    0.00        0.00   139,642,978      70.67 
-------------------------  ------------  -------  -----------  ------  ----------  ------------  --------- 
 6. To re-elect 
  Brian Wallace 
  as a Director             139,512,580    99.91      130,398    0.09        0.00   139,642,978      70.67 
-------------------------  ------------  -------  -----------  ------  ----------  ------------  --------- 
 7. To re-elect 
  Martin Hellawell 
  as a Director             139,511,941    99.91      131,037    0.09        0.00   139,642,978      70.67 
-------------------------  ------------  -------  -----------  ------  ----------  ------------  --------- 
 8. To re-elect 
  Graham Charlton 
  as a Director             139,499,552    99.90      143,426    0.10        0.00   139,642,978      70.67 
-------------------------  ------------  -------  -----------  ------  ----------  ------------  --------- 
 9. To re-elect 
  Lee Ginsberg 
  as a Director             136,888,347    99.83      229,957    0.17   2,524,674   137,118,304      69.39 
-------------------------  ------------  -------  -----------  ------  ----------  ------------  --------- 
 10. To re-elect 
  Peter Ventress 
  as a Director             139,510,480    99.91      132,498    0.09        0.00   139,642,978      70.67 
-------------------------  ------------  -------  -----------  ------  ----------  ------------  --------- 
 11. To elect 
  Vin Murria as 
  a Director                139,510,480    99.91      132,498    0.09        0.00   139,642,978      70.67 
-------------------------  ------------  -------  -----------  ------  ----------  ------------  --------- 
 12. To re-appoint 
  Ernst & Young 
  LLP as auditor 
  of the Company            137,737,997    99.86      196,475    0.14   1,708,506   137,934,472      69.80 
-------------------------  ------------  -------  -----------  ------  ----------  ------------  --------- 
 13. To authorise 
  the Directors 
  to determine 
  the remuneration 
  of the auditor            137,686,132    99.82      248,340    0.18   1,708,506   137,934,472      69.80 
-------------------------  ------------  -------  -----------  ------  ----------  ------------  --------- 
 14. To authorise 
  the Company 
  to make political 
  donations                  77,797,167    57.73   56,957,319   42.27   4,888,492   134,754,486      68.19 
-------------------------  ------------  -------  -----------  ------  ----------  ------------  --------- 
 15. To authorise 
  the Directors 
  to allot ordinary 
  shares pursuant 
  to Section 551 
  of the Companies 
  Act 2006                  138,993,323    99.53      649,655    0.47        0.00   139,642,978      70.67 
-------------------------  ------------  -------  -----------  ------  ----------  ------------  --------- 
 SPECIAL RESOLUTIONS 
-------------------------  ------------  -------  -----------  ------  ----------  ------------  --------- 
 16. To authorise 
  the Directors 
  to dis-apply 
  the statutory 
  pre-emption 
  rights pursuant 
  to Sections 
  570 and 573 
  of the Companies 
  Act 2006                  139,638,938    99.99        1,000    0.01       3,040   139,639,938      70.67 
-------------------------  ------------  -------  -----------  ------  ----------  ------------  --------- 
 17. To authorise 
  the Directors 
  to dis-apply 
  statutory pre-emption 
  rights for the 
  purposes of 
  acquisitions 
  or capital investments 
  pursuant to 
  Sections 570 
  and 573 of the 
  Companies Act 
  2006                      132,455,730    94.85    7,187,248    5.15        0.00   139,642,978      70.67 
-------------------------  ------------  -------  -----------  ------  ----------  ------------  --------- 
 18. To approve 
  the calling 
  of a general 
  meeting other 
  than an annual 
  general meeting 
  on not less 
  than 14 clear 
  days' notice              139,022,488    99.56      620,490    0.44        0.00   139,642,978      70.67 
-------------------------  ------------  -------  -----------  ------  ----------  ------------  --------- 
 

VOTES OF SHAREHOLDERS EXCLUDING CONTROLLING SHAREHOLDER ON ELECTION OR RE-ELECTION OF INDEPENT NON-EXECUTIVE DIRECTORS

 
 ORDINARY RESOLUTIONS    VOTES        %       VOTES      %      VOTES       TOTAL        % OF 
                          FOR                  AGAINST           WITHHELD    SHARES       ISSUED 
                                                                             VOTED        SHARE 
                                                                                          CAPITAL 
                                                                                          VOTED 
----------------------  -----------  ------  ---------  -----  ----------  -----------  --------- 
 9. To re-elect 
  Lee Ginsberg 
  as a Director          75,994,609   99.70    229,957   0.30   2,524,674   76,224,566      38.57 
----------------------  -----------  ------  ---------  -----  ----------  -----------  --------- 
 10. To re-elect 
  Peter Ventress 
  as a Director.         78,616,742   99.83    132,498   0.17        0.00   78,749,240      39.85 
----------------------  -----------  ------  ---------  -----  ----------  -----------  --------- 
 11. To elect 
  Vin Murria as 
  a Director.            78,616,742   99.83    132,498   0.17        0.00   78,749,240      39.85 
----------------------  -----------  ------  ---------  -----  ----------  -----------  --------- 
 

Notes:

The Board of the Company have noted, notwithstanding that the resolution passed at the AGM, that there were a significant proportion of votes against resolution 14 authorising political donations. The Board will engage with the shareholders who cast their votes against this resolution to understand their views and discuss the Board's policy regarding political donations. As stated in the Notice of the AGM, it is not the policy of the Company to make political donations or to incur other political expenditure and the Directors have no intention of changing that policy.

A vote "Withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution nor in the calculation of the proportion of "issued share capital voted" for any resolution.

The Company's total ordinary shares in issue (total voting rights) as at 8 December 2016 was 197,606,143 ordinary shares of GBP0.0005 each. Ordinary shareholders are entitled to one vote per ordinary share held.

Peter Kelly is regarded as a controlling shareholder of the Company for the purposes of the LSE Listing Rules, and each resolution to elect or re-elect independent non-executive directors (resolutions 9 to 11) have under LSE Listing Rule 9.2.2E been approved by a majority of the votes cast by:

(i) the shareholders of the Company as a whole; and

(ii) the independent shareholders of the Company, that is, all the shareholders entitled to vote on each resolution excluding the controlling shareholder.

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

The complete poll results (inclusive of proxy votes lodged before the AGM) will be available shortly on the Company's website at: https://www.softcat.com/

Registered address: Solar House, Fieldhouse Lane, Marlow, Buckinghamshire, United Kingdom, SL7 1LW

Website: https://www.softcat.com/

Capita Company Secretarial Services Limited - Company Secretary

8 December 2016

This information is provided by RNS

The company news service from the London Stock Exchange

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