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Share Name Share Symbol Market Type Share ISIN Share Description
Biffa Plc LSE:BIFF London Ordinary Share GB00BD8DR117 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00 -0.46% 217.50 218.00 219.00 221.00 214.50 217.00 710,045 16:35:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 1,163.1 56.4 18.3 11.9 671

Biffa plc AGM Statement

16/07/2020 12:30pm

UK Regulatory (RNS & others)


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RNS Number : 2478T

Biffa plc

16 July 2020

Biffa plc

Results of the Annual General Meeting

Biffa plc, ("the Company") announces that at its Annual General Meeting ("AGM") today, all resolutions proposed, except resolutions 14 and 15 which are special resolutions, were duly passed by shareholders by the majority required on a poll. The full text of each resolution is contained in the 2020 Notice of AGM which is available on the Biffa website www.biffa.co.uk

Biffa AGM Poll Results

The following table shows the total number of votes cast for each resolution:

 
       Resolution             Total No' and         Total No' and      Total Number      Number 
                              % of Votes cast         % of Votes         of Votes       of Votes 
                                   FOR*              cast AGAINST          Cast        WITHHELD(+) 
      Annual Report 
       and Accounts 
 1     2020                220,748,631    98.59    3,168,360    1.41    223,916,991      3,224,317 
     -------------------  ------------  -------  -----------  ------  -------------  ------------- 
      Remuneration 
 2     Policy              212,372,302    96.97    6,639,109    3.03    219,011,411      8,129,897 
     -------------------  ------------  -------  -----------  ------  -------------  ------------- 
      Remuneration 
 3     Report              213,108,702    98.87    2,429,168    1.13    215,537,870     11,603,593 
     -------------------  ------------  -------  -----------  ------  -------------  ------------- 
      Re-election of 
 4     M Averill           216,362,488    98.79    2,657,342    1.21    219,019,830      8,121,479 
     -------------------  ------------  -------  -----------  ------  -------------  ------------- 
      Re-election of 
 5     G Barbaro           221,596,955    98.81    2,666,749    1.19    224,263,704      2,877,605 
     -------------------  ------------  -------  -----------  ------  -------------  ------------- 
      Re-election of 
 6     C Chesney           200,002,174    89.18   24,261,375   10.82    224,263,549      2,877,760 
     -------------------  ------------  -------  -----------  ------  -------------  ------------- 
      Re-election of 
 7     K Lever             146,123,367    66.86   72,419,720   33.14    218,543,087      8,598,222 
     -------------------  ------------  -------  -----------  ------  -------------  ------------- 
      Re-election of 
 8     D Martin            221,606,610    98.82    2,657,084    1.18    224,263,694      2,877,615 
     -------------------  ------------  -------  -----------  ------  -------------  ------------- 
      Re-election of 
 9     R Pike              222,761,231    99.33    1,502,473    0.67    224,263,704      2,877,605 
     -------------------  ------------  -------  -----------  ------  -------------  ------------- 
      Re-election of 
 10    M Topham            224,008,811    99.89      255,668    0.11    224,264,479      2,876,985 
     -------------------  ------------  -------  -----------  ------  -------------  ------------- 
      Appointment of 
 11    Auditor             224,257,342   100.00        2,930    0.00    224,260,272      2,881,037 
     -------------------  ------------  -------  -----------  ------  -------------  ------------- 
      Remuneration 
 12    of Auditor          224,259,020   100.00        3,943    0.00    224,262,963      2,878,346 
     -------------------  ------------  -------  -----------  ------  -------------  ------------- 
      Allotment of 
 13    shares              151,888,064    67.11   74,450,547   32.89    226,338,611        802,852 
     -------------------  ------------  -------  -----------  ------  -------------  ------------- 
      Pre-emption rights 
 14    - General^          147,338,785    65.10   78,999,623   34.90    226,338,408        802,900 
     -------------------  ------------  -------  -----------  ------  -------------  ------------- 
      Pre-emption rights 
 15    - Specific^         143,832,405    63.55   82,502,771   36.45    226,335,176        806,133 
     -------------------  ------------  -------  -----------  ------  -------------  ------------- 
      Notice of general 
 16    meetings^           218,625,548    97.49    5,634,135    2.51    224,259,683      2,881,626 
     -------------------  ------------  -------  -----------  ------  -------------  ------------- 
 

Notes:

* includes discretionary votes

^ special resolution

'+ a vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes counted 'For' or 'Against' a resolution

The total number of shares in issue at the close of business on 15 July 2020 was 303,000,000 ordinary shares of 1 pence each. There are no shares held in Treasury.

The Board would like to thank shareholders for their engagement and support ahead of the AGM and throughout the year. While most of the resolutions were passed with significant majorities, the Board notes that resolutions 7 (re-election of K Lever) and 13 (allotment of shares) were passed with the necessary majority but with less than 80% of support and that resolutions 14 (pre-emption rights - general) and 15 (pre-emption rights - specific), which were special resolutions requiring a 75% majority, did not receive sufficient support to be passed.

In accordance with provision 4 of the 2018 UK Corporate Governance Code (the "Code"), the Board confirms that it will consult and engage with shareholders to understand and discuss their concerns with respect to those resolutions. An update will be provided within six months of the AGM, in accordance with the Code.

These results will shortly be available on the Company's website at www.biffa.co.uk and in accordance with Listing Rule 9.6.2, copies of the resolutions that were passed at the meeting and that do not constitute ordinary business at an annual general meeting will be submitted to the National Storage Mechanism and will shortly be available for inspection at www. data.fca.org.uk

S Parsons

Company Secretary

16 July 2020

Enquiries:

Investors

Michael Topham, Chief Executive Officer

Richard Pike, Chief Financial Officer

ir@biffa.co.uk

Media & Analysts

Houston PR

biffa@houstonpr.co.uk

Registered in England and Wales:

10336040

Registered office at:

Coronation Road,

Cressex,

High Wycombe,

Buckinghamshire

HP12 3TZ

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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July 16, 2020 07:30 ET (11:30 GMT)

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