AO World plc Result of AGM (1581V)

TIDMAO.

RNS Number : 1581V

AO World plc

19 July 2018

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 favour*       Votes against      Total number   Votes Withheld** 
                                                                               of votes 
                                                                                 cast 
                                    No. of        %       No. of       %                     No. of shares 
                                     shares               shares 
                                 ------------  ------  -----------  ------                 ----------------- 
      To receive the 
  1    report and accounts        391,471,802    98.4    6,345,634     1.6   397,817,436              88,998 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To approve the 
       Directors' remuneration 
  2    report                     393,724,289   99.97      105,140    0.03   393,829,429           4,077,005 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To approve the 
       Directors remuneration 
  3    policy                     342,654,617   87.01   51,174,812   12.99   393,829,429           4,077,005 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To approve the 
       rules of the AO 
       2018 Incentive 
       Plan (the "Plan") 
       and authorise 
       the Directors 
       to make modifications 
       and establish 
       further plans 
  4    based on the Plan          347,942,585   87.44   49,963,849   12.56   397,906,434                   0 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To re-elect Geoff 
  5    Cooper as a Director       397,654,685   99.94      251,749    0.06   397,906,434                   0 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To re-elect John 
  6    Roberts as a Director      396,592,000   99.67    1,314,435    0.33   397,906,435                   0 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To re-elect Steve 
  7    Caunce as a Director       396,592,000   99.67    1,314,435    0.33   397,906,435                   0 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To re-elect Mark 
  8    Higgins as a Director      396,592,000   99.67    1,314,435    0.33   397,906,435                   0 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To re-elect Brian 
  9    McBride as a Director      396,149,854   99.56    1,756,581    0.44   397,906,435                   0 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To re-elect Chris 
       Hopkinson as a 
 10    Director                   342,790,754   86.23   54,748,755   13.77   397,539,509             366,926 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To re-elect Marisa 
 11    Cassoni as a Director      396,225,834   99.58    1,680,600    0.42   397,906,434                   0 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To elect Jacqueline 
       de Rojas as a 
 12    Director                   397,760,145   99.96      146,290    0.04   397,906,435                   0 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To re- appoint 
 13    KPMG LLP as auditors       397,296,334   99.85      610,101    0.15   397,906,435                   0 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To authorise the 
       Directors to determine 
       the remuneration 
 14    of the auditors            397,906,435     100            0       0   397,906,435                   0 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To authorise the 
       Directors to allot 
 15    shares                     384,017,533   96.51   13,888,902    3.49   397,906,435                   0 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To disapply pre-emption 
 16    rights***                  397,900,435     100            0       0   397,900,435               6,000 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To disapply pre-emption 
       rights - limited 
       to an acquisition 
 17    or capital investment***   380,071,041   95.52   17,829,393    4.48   397,900,434               6,000 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To authorise the 
       Company to purchase 
 18    its own shares***          393,800,669   98.97    4,105,765    1.03   397,906,434                   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 by the 
 19    Company****                182,541,397   77.33   53,518,278   22.67   236,059,675         161,846,760 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      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 and/or 
       vesting of their 
       options over ordinary 
       shares 
 20    in the Company****         228,142,526   96.65    7,917,148    3.35   236,059,674         161,846,760 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To authorise the 
       Company to make 
 21    political donations        396,872,534   99.74    1,027,381    0.26   397,899,915               6,520 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To authorise the 
       Company to hold 
       general meetings 
 22    on 14 days' notice***      397,180,188   99.82      726,247    0.18   397,906,435                   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 161,479,834 Ordinary Shares

The maximum number of votes cast was 397,906,435 representing 86.73% of the Company's issued share capital of 458,788,480 as at 6pm on 18 July 2018.

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]

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July 19, 2018 04:36 ET (08:36 GMT)