Ashtead Technology Holdings plc Result of Annual General Meeting (9275Q)

TIDMAT.

RNS Number : 9275Q

Ashtead Technology Holdings plc

01 July 2022

1 July 2022

Ashtead Technology Holdings plc ("Ashtead Technology" or "the Company")

Result of Annual General Meeting

Ashtead Technology Holdings plc (AIM: AT.), a leading subsea equipment rental and solutions provider for the global offshore energy sector , announces the results of the voting on the resolutions put to its Annual General Meeting ("AGM") held on 30 June 2022. Resolutions 1 to 11 (inclusive) were proposed as ordinary resolutions. Resolutions 12 to 14 (inclusive) were proposed as special resolutions. All resolutions put to shareholders at the meeting were successfully passed on a poll vote.

Details of the votes received on each resolution are set out below:

 
        Resolution            Votes       % of       Votes      % of     Total votes      Votes        % of 
                               For*       votes     Against     votes       cast**      withheld**    issued 
                                          cast**                cast**                                 share 
                                                                                                      capital 
                                                                                                      voted** 
 1. To receive 
  the annual 
  accounts 
  of the Company 
  and the 
  reports 
  of the directors 
  for the 
  financial 
  year ended 
  31 December 
  2021                      72,731,473   100.00%       0        0.00%    72,731,473         0         91.39% 
                           -----------  --------  ----------  --------  ------------  ------------  --------- 
 2. To approve 
  the directors' 
  remuneration 
  report for 
  the financial 
  year ended 
  31 December 
  2021 as 
  set out 
  on pages 
  37 to 38 
  (inclusive) 
  of the Annual 
  Report and 
  Accounts 
  2021                      70,096,874   96.38%    2,634,599    3.62%    72,731,473         0         91.39% 
                           -----------  --------  ----------  --------  ------------  ------------  --------- 
 3. To elect 
  Ingrid Stewart 
  as a director 
  of the Company            72,731,473   100.00%       0        0.00%    72,731,473         0         91.39% 
                           -----------  --------  ----------  --------  ------------  ------------  --------- 
 4. To elect 
  Joseph Connolly 
  as a director 
  of the Company            72,731,473   100.00%       0        0.00%    72,731,473         0         91.39% 
                           -----------  --------  ----------  --------  ------------  ------------  --------- 
 5. To elect 
  Anthony 
  Durrant 
  as a director 
  of the Company            72,731,473   100.00%       0        0.00%    72,731,473         0         91.39% 
                           -----------  --------  ----------  --------  ------------  ------------  --------- 
 6. To elect 
  Thomas Hamborg-Thomsen 
  as a director 
  of the Company            72,731,473   100.00%       0        0.00%    72,731,473         0         91.39% 
                           -----------  --------  ----------  --------  ------------  ------------  --------- 
 7. To elect 
  Allan Pirie 
  as a director 
  of the Company            72,731,473   100.00%       0        0.00%    72,731,473         0         91.39% 
                           -----------  --------  ----------  --------  ------------  ------------  --------- 
 8. To elect 
  William 
  Shannon 
  as a director 
  of the Company            72,731,473   100.00%       0        0.00%    72,731,473         0         91.39% 
                           -----------  --------  ----------  --------  ------------  ------------  --------- 
 9. To appoint 
  BDO LLP 
  as auditors 
  of the Company 
  to hold 
  office until 
  the conclusion 
  of the next 
  general 
  meeting 
  at which 
  accounts 
  are laid 
  before the 
  Company                   72,285,473   99.39%     446,000     0.61%    72,731,473         0         91.39% 
                           -----------  --------  ----------  --------  ------------  ------------  --------- 
 10. To authorise 
  the directors 
  to set the 
  remuneration 
  of the auditors           72,731,473   100.00%       0        0.00%    72,731,473         0         91.39% 
                           -----------  --------  ----------  --------  ------------  ------------  --------- 
 11. To authorise 
  the Directors 
  to allot 
  shares in 
  the Company 
  and convert 
  any security 
  into shares 
  in the Company            72,731,473   100.00%       0        0.00%    72,731,473         0         91.39% 
                           -----------  --------  ----------  --------  ------------  ------------  --------- 
 12. To authorise 
  the Directors 
  to allot 
  equity securities 
  for cash 
  and disapply 
  pre-emption 
  rights                    72,731,473   100.00%       0        0.00%    72,731,473         0         91.39% 
                           -----------  --------  ----------  --------  ------------  ------------  --------- 
 13. To authorise 
  the Directors 
  to allot 
  equity securities 
  for cash 
  and disapply 
  pre-emption 
  rights for 
  the purpose 
  of financing 
  an acquisition 
  or other 
  capital 
  investment                72,208,363   99.28%     523,110     0.72%    72,731,473         0         91.39% 
                           -----------  --------  ----------  --------  ------------  ------------  --------- 
 14. To authorise 
  the Directors 
  to call 
  a General 
  Meeting 
  of the Company, 
  other than 
  an AGM, 
  on not less 
  than 14 
  clear days' 
  notice                    72,731,473   100.00%       0        0.00%    72,731,473         0         91.39% 
                           -----------  --------  ----------  --------  ------------  ------------  --------- 
 

*Votes "For" include proxy appointments which gave discretion to the Chairman of the AGM.

** A 'Vote Withheld' is not a vote in law and has not been counted in the calculation of the proportion of the votes 'For' and 'Against' a resolution.

As at 10.30 p.m. on 28 June 2022, being the time at which a person had to be registered in the Company's register of members in order to attend and vote at the AGM, the number of ordinary shares of the Company in issue was 79,582,000. In accordance with the Company's Articles of Association, on a poll every member present in person or by proxy has one vote for every share held.

For further information, please contact:

 
 Ashtead Technology                      (Via Vigo Consulting) 
  Allan Pirie, Chief Executive Officer 
  Ingrid Stewart, Chief Financial 
  Officer 
 Vigo Consulting (Financial PR)          Tel: [phone] 
  Patrick d'Ancona                        0230 
  Finlay Thomson 
 Numis Securities Limited (Nomad         Tel: [phone] 
  and Broker)                             1000 
  Julian Cater 
  George Price 
  Jonny Abbott 
  Kevin Cruickshank (QE) 
 

Notes to editors:

Ashtead Technology is a leading subsea equipment rental and solutions provider for the global offshore energy sector. Ashtead Technology's specialist equipment, advanced-technologies and support services enable its customers to understand the subsea environment and manage offshore energy production infrastructure.

The Company's service offering is applicable across the lifecycle of offshore wind farms and offshore oil and gas infrastructure. Headquartered in the UK, the Company operates globally, servicing customers from its nine international customer service hubs.

In the fast-growing offshore wind sector, Ashtead Technology's specialist equipment and services are essential through the project development, construction and installation phase. Once wind farms are operational, Ashtead Technology supports customers with inspection, maintenance and repair ("IMR") equipment and services. In the more mature oil and gas sector, Ashtead Technology's focus is on IMR and decommissioning.

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July 01, 2022 02:00 ET (06:00 GMT)