Direct Line Insurance Group PLC Result of AGM (7036N)

TIDMDLG

RNS Number : 7036N

Direct Line Insurance Group PLC

10 May 2018

2018 AGM POLL RESULTS FOR DIRECT LINE INSURANCE GROUP PLC

10 May 2018

Direct Line Insurance Group plc (the "Company") announces that all resolutions proposed to shareholders at its Annual General Meeting today were carried by the requisite majority on a poll.

The following table shows the votes cast for each resolution:

 
 Resolution                           For         % of      Against      % of     Total votes      % of       Votes 
                                                  votes                  votes                    issued     withheld 
                                                  cast                   cast                      share 
                                                                                                  capital 
                                                                                                   voted 
------------------------------  --------------  -------  ------------  -------  --------------  ---------  ---------- 
       To receive 
        the report 
        & accounts 
        for the 
        year ended 
        31 December 
 1.     2017                     1,007,524,865   99.93%   669,135       0.07%    1,008,194,000   73.32%     293,983 
----  ------------------------  --------------  -------  ------------  -------  --------------  ---------  ---------- 
       To approve 
        the Directors' 
        remuneration 
 2.     report                   766,710,834     76.58%   234,492,835   23.42%   1,001,203,669   72.81%     7,284,313 
----  ------------------------  --------------  -------  ------------  -------  --------------  ---------  ---------- 
       To declare 
        a final 
        dividend 
 3.     of 13.6p                 1,005,714,249   99.73%   2,717,960     0.27%    1,008,432,209   73.34%     55,774 
----  ------------------------  --------------  -------  ------------  -------  --------------  ---------  ---------- 
       To re-elect 
        Mike Biggs 
 4.     as a Director            985,233,917     97.78%   22,395,630    2.22%    1,007,629,547   73.28%     858,120 
----  ------------------------  --------------  -------  ------------  -------  --------------  ---------  ---------- 
       To re-elect 
        Paul Geddes 
 5.     as a Director            1,004,863,752   99.65%   3,519,598     0.35%    1,008,383,350   73.34%     87,631 
----  ------------------------  --------------  -------  ------------  -------  --------------  ---------  ---------- 
       To re-elect 
        Danuta Gray 
 6.     as a Director            993,295,387     98.50%   15,079,266    1.50%    1,008,374,653   73.34%     111,852 
----  ------------------------  --------------  -------  ------------  -------  --------------  ---------  ---------- 
       To elect 
        Mark Gregory 
 7.     as a Director            1,007,163,771   99.88%   1,202,561     0.12%    1,008,366,332   73.34%     121,651 
----  ------------------------  --------------  -------  ------------  -------  --------------  ---------  ---------- 
       To re-elect 
        Jane Hanson 
 8.     as a Director            1,005,539,581   99.72%   2,842,726     0.28%    1,008,382,307   73.34%     105,676 
----  ------------------------  --------------  -------  ------------  -------  --------------  ---------  ---------- 
       To re-elect 
        Mike Holliday-Williams 
 9.     as a Director            1,003,151,262   99.48%   5,225,649     0.52%    1,008,376,911   73.34%     111,072 
----  ------------------------  --------------  -------  ------------  -------  --------------  ---------  ---------- 
       To elect 
        Penny James 
 10.    as a Director            1,002,913,840   99.46%   5,455,315     0.54%    1,008,369,155   73.34%     118,828 
----  ------------------------  --------------  -------  ------------  -------  --------------  ---------  ---------- 
       To re-elect 
        Sebastian 
        James as 
 11.    a Director               1,004,277,809   99.59%   4,103,638     0.41%    1,008,381,447   73.34%     106,536 
----  ------------------------  --------------  -------  ------------  -------  --------------  ---------  ---------- 
       To elect 
        Gregor Stewart 
 12.    as a Director            997,269,023     98.90%   11,102,528    1.10%    1,008,371,551   73.34%     116,422 
----  ------------------------  --------------  -------  ------------  -------  --------------  ---------  ---------- 
       To re-elect 
        Clare Thompson 
 13.    as a Director            1,001,611,876   99.33%   6,770,398     0.67%    1,008,382,274   73.34%     105,709 
----  ------------------------  --------------  -------  ------------  -------  --------------  ---------  ---------- 
       To re-elect 
        Richard 
        Ward as 
 14.    a Director               998,982,277     99.07%   9,399,304     0.93%    1,008,381,581   73.34%     106,402 
----  ------------------------  --------------  -------  ------------  -------  --------------  ---------  ---------- 
       To re-appoint 
        Deloitte 
 15.    as auditors              989,888,182     98.17%   18,497,771    1.83%    1,008,385,953   73.34%     102,029 
----  ------------------------  --------------  -------  ------------  -------  --------------  ---------  ---------- 
       To authorise 
        the Audit 
        Committee 
        to agree 
        the Auditor's 
 16.    remuneration             1,004,326,888   99.60%   4,083,367     0.40%    1,008,410,255   73.34%     77,428 
----  ------------------------  --------------  -------  ------------  -------  --------------  ---------  ---------- 
       To authorise 
        the Company 
        to make 
        political 
 17.    donations                961,959,449     95.82%   41,940,293    4.18%    1,003,899,742   73.01%     4,584,877 
----  ------------------------  --------------  -------  ------------  -------  --------------  ---------  ---------- 
       To authorise 
        the Directors 
        to allot 
 18.    new shares               946,951,901     93.91%   61,435,660    6.09%    1,008,387,561   73.34%     100,422 
----  ------------------------  --------------  -------  ------------  -------  --------------  ---------  ---------- 
       To disapply 
        pre-emption 
 19.    rights*                  1,007,158,096   99.88%   1,211,111     0.12%    1,008,369,207   73.34%     117,275 
----  ------------------------  --------------  -------  ------------  -------  --------------  ---------  ---------- 
       To further 
        disapply 
        pre-emption 
        rights in 
        specific 
 20.    circumstances*           986,306,383     97.81%   22,071,594    2.19%    1,008,377,977   73.34%     110,005 
----  ------------------------  --------------  -------  ------------  -------  --------------  ---------  ---------- 
       To authorise 
        the Company 
        to purchase 
        its own 
 21.    shares*                  994,230,912     98.61%   14,024,913    1.39%    1,008,255,825   73.33%     232,157 
----  ------------------------  --------------  -------  ------------  -------  --------------  ---------  ---------- 
       To authorise 
        the Directors 
        to allot 
        new shares 
        in relation 
        to an issue 
        of Solvency 
        II Compliant 
        Restricted 
        Tier 1 Capital 
 22.    Instruments              990,605,349     98.24%   17,789,388    1.76%    1,008,394,737   73.34%     93,245 
----  ------------------------  --------------  -------  ------------  -------  --------------  ---------  ---------- 
       To authorise 
        the Directors 
        to disapply 
        pre-emption 
        rights in 
        relation 
        to an issue 
        of Solvency 
        II Compliant 
        Restricted 
        Tier 1 Capital 
 23.    Instruments*             993,343,466     98.51%   15,043,532    1.49%    1,008,386,998   73.34%     100,984 
----  ------------------------  --------------  -------  ------------  -------  --------------  ---------  ---------- 
       To authorise 
        the Company 
        to call 
        general 
        meetings 
        on 14 clear 
 24.    days' notice*            916,044,924     91.25%   87,869,557    8.75%    1,003,914,481   73.01%     4,573,502 
----  ------------------------  --------------  -------  ------------  -------  --------------  ---------  ---------- 
 

Our 2017 Directors' remuneration report has been approved by shareholders with 76.58% of votes cast in favour of the resolution. Naturally we are disappointed not to have received a higher level of support for the resolution, but having engaged with our shareholders, we understand their specific concern. We welcome feedback from our shareholders and we will continue to actively engage with them on executive remuneration and other issues.

NOTES:

   1.     * indicates a Special Resolution requiring 75% of votes cast to be carried. 
   2.     Votes "For" and "Against" are expressed as a percentage of votes cast. 
   3.     Votes "For" include discretionary votes. 

4. A "Vote withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.

5. Total number of shares in issue is 1,375,000,000 ordinary shares. Ordinary shareholders are entitled to one vote per share held.

6. To view the full wording of the resolutions, please refer to the 2018 Notice of Annual General Meeting on the Company's website.

In accordance with the UK Listing Authority's Listing Rule 9.6.2, copies of all the resolutions passed other than resolutions concerning ordinary business have been submitted to the UK Listing Authority via the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.do.

Contact:

 
 Simon Watson 
  Deputy Company Secretary 
  Email: [e-mail] 
  Telephone: [phone] 
 
  Sian Cotton 
 Assistant Company Secretary 
 Email: [e-mail] 
 Telephone: [phone] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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May 10, 2018 09:30 ET (13:30 GMT)