Connect Group PLC Result of AGM (6916C)

TIDMCNCT

RNS Number : 6916C

Connect Group PLC

23 January 2018

23 January 2018

Connect Group PLC

Result of 2018 Annual General Meeting

Connect Group PLC is pleased to announce that at its AGM held at 11.30am today, all resolutions put to the meeting were duly passed. All resolutions were voted on by way of a poll and the results of the poll for each resolution are shown below:

 
          Resolution                      For                  Against         Withheld 
------------------------------  ----------------------  --------------------  --------- 
                                   No. of         %        No. of       %       No. of 
                                    votes                   votes                votes 
---  -------------------------  ------------  --------  -----------  -------  --------- 
      To receive the 
       Annual Report 
       and Accounts 
       for the year 
       ended 31 August 
 1     2017                      167,115,903   99.99%    1,609        0.01%    4,491 
---  -------------------------  ------------  --------  -----------  -------  --------- 
      To approve the 
       directors' remuneration 
       report for the 
       year ended 31 
 2     August 2017               159,516,228   95.79%    7,009,953    4.21%    595,822 
---  -------------------------  ------------  --------  -----------  -------  --------- 
      To declare a 
       final dividend 
       of 6.7p per 
 3     share                     167,116,555   100.00%   860          0.00%    4,588 
---  -------------------------  ------------  --------  -----------  -------  --------- 
      To elect Mark 
 4     Whiteling                 166,824,178   99.84%    267,959      0.16%    29,866 
---  -------------------------  ------------  --------  -----------  -------  --------- 
      To re-elect 
 5     Gary Kennedy              166,742,901   99.79%    357,252      0.21%    21,849 
---  -------------------------  ------------  --------  -----------  -------  --------- 
      To re-elect 
 6     Mark Cashmore             166,802,634   99.82%    297,062      0.18%    22,307 
---  -------------------------  ------------  --------  -----------  -------  --------- 
      To re-elect 
 7     David Bauernfeind         166,788,637   99.81%    311,059      0.19%    22,307 
---  -------------------------  ------------  --------  -----------  -------  --------- 
      To re-elect 
 8     Jonathan Bunting          166,804,074   99.82%    296,109      0.18%    21,820 
---  -------------------------  ------------  --------  -----------  -------  --------- 
      To re-elect 
 9     Denise Collis             165,299,613   98.92%    1,804,399    1.08%    17,991 
---  -------------------------  ------------  --------  -----------  -------  --------- 
      To re-appoint 
 10    the auditor               166,797,854   99.82%    296,330      0.18%    27,818 
---  -------------------------  ------------  --------  -----------  -------  --------- 
      To authorise 
       the Audit Committee 
       to determine 
       the auditor's 
 11    remuneration              167,037,955   99.96%    67,885       0.04%    16,163 
---  -------------------------  ------------  --------  -----------  -------  --------- 
      Authority to 
       make political 
 12    donations                 164,600,052   98.53%    2,463,977    1.47%    57,974 
---  -------------------------  ------------  --------  -----------  -------  --------- 
      Authority to 
 13    allot shares              141,811,737   84.87%    25,286,144   15.13%   24,122 
---  -------------------------  ------------  --------  -----------  -------  --------- 
      Authority to 
       partially disapply 
       pre-emption 
 14    rights*                   139,963,935   83.79%    27,079,158   16.21%   78,910 
---  -------------------------  ------------  --------  -----------  -------  --------- 
      Authority to 
       disapply pre-emption 
       rights in connection 
       with an acquisition 
       or specified 
 15    capital investment*       141,405,092   84.65%    25,637,028   15.35%   79,882 
---  -------------------------  ------------  --------  -----------  -------  --------- 
      Authority to 
       make market 
       purchases of 
 16    ordinary shares*          166,729,420   99.77%    379,981      0.23%    12,601 
---  -------------------------  ------------  --------  -----------  -------  --------- 
      Authority to 
       call general 
       meetings (other 
       than the AGM) 
       on 14 clear 
 17    days' notice*             163,648,150   97.96%    3,413,037    2.04%    60,816 
---  -------------------------  ------------  --------  -----------  -------  --------- 
 

* Special resolution

Recognising proposed changes to the Corporate Governance Code (announced after the publication of the Annual Report and Accounts), developing market practice and following feedback from one of our major institutional shareholders, the Board has determined that future LTIP awards for Executive Directors will have a two year post-vesting holding period (of the net of tax number of shares). The resultant five-year timeframe between the grant of an LTIP award and the first opportunity to sell the vested shares will better align the long term interests of shareholders with the interests of the Executive Directors and provide a focus on longer-term outcomes.

Notes:

1. Where shareholders appointed the Chairman as their proxy with discretion as to voting, their votes were cast in favour of the resolutions and have been included in the "For" total.

2. A "vote withheld" is not a vote in law and is not counted in the calculation of the percentages of the votes cast for and against a resolution.

3. The total number of shares in issue at 6.30pm on 19 January 2018 was 247,659,200. Votes were cast in respect of 67% of the issued share capital.

In accordance with the UK Listing Authority's Listing Rule 9.6.2, a copy of the special business passed at the AGM, being resolutions 12 to 17, has been submitted to the National Storage Mechanism at www.morningstar.co.uk/uk/NSM.

Adele Duff

Deputy Company Secretary

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 23, 2018 08:57 ET (13:57 GMT)