AO World plc Result of AGM (9779A)

TIDMAO.

RNS Number : 9779A

AO World plc

28 September 2022

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 report 
  1    and accounts               485,623,500   99.99       19,980    0.01   485,720,025              76,545 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To approve the Directors' 
  2    remuneration report        472,852,547   97.35   12,866,597    2.65   485,720,025                 881 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To approve the Directors' 
  3    remuneration policy        431,426,258   88.82   54,291,724   11.18   485,720,025               2,043 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To re-elect Geoff 
  4    Cooper as a Director       473,447,683   97.47   12,269,584    2.53   485,720,025               2,758 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To re-elect John 
  5    Roberts as a Director      485,590,588   99.97      126,679    0.03   485,720,025               2,758 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To re-elect Mark 
  6    Higgins as a Director      485,478,489   99.95      238,778    0.05   485,720,025               2,758 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To re-elect Chris 
  7    Hopkinson as a Director    464,597,648   95.65   21,119,618    4.35   485,720,025               2,759 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To re-elect Marisa 
  8    Cassoni as a Director      474,353,833   97.66   11,363,474    2.34   485,720,025               2,718 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To re-elect Shaun 
  9    McCabe as a Director       469,142,309   96.59   16,574,957    3.41   485,720,025               2,759 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To re- appoint KPMG 
 10    LLP as auditors            485,695,785   99.99       23,320    0.01   485,720,025                 920 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To authorise the 
       Directors to determine 
       the remuneration 
 11    of the auditors            485,696,932   99.99       22,213    0.01   485,720,025                 880 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To authorise the 
       Directors to allot 
 12    shares                     477,462,315   98.30    8,254,992    1.70   485,720,025               2,718 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To disapply pre-emption 
 13    rights***                  478,734,343   98.56    6,982,964    1.44   485,720,025               2,718 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To disapply pre-emption 
       rights - limited 
       to an acquisition 
 14    or capital investment***   478,518,621   98.52    7,198,686    1.48   485,720,025               2,718 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To authorise the 
       Company to purchase 
 15    its own shares***          481,687,562   99.17    4,027,204    0.83   485,720,025               5,259 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To authorise the 
       Company to make 
 16    political donations        444,094,703   91.43   41,619,442    8.57   485,720,025               5,880 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To authorise the 
       Company to hold 
       general meetings 
 17    on 14 days' notice***      484,631,330   99.78    1,086,815    0.22   485,720,025               1,880 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
      To adopt the restructured 
       Value Creation Plan 
       and amend the AO 
 18    2018 Incentive Plan        431,776,581   88.91   53,875,037   11.09   485,720,025              68,407 
     --------------------------  ------------  ------  -----------  ------  -------------  ----------------- 
 
   *      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

The maximum number of votes cast was 485,720,025 representing 84.19% of the Company's issued share capital of as at 6pm on 27 September 2022.

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 viewing here .

Enquiries:

AO World plc

Julie Finnemore

Company Secretary

[e-mail]

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September 28, 2022 04:01 ET (08:01 GMT)