easyJet PLC Result of AGM (7132J)

TIDMEZJ

RNS Number : 7132J

easyJet PLC

23 December 2020

23 December 2020

easyJet plc

(the "Company")

Results of Annual General Meeting held on 23 December 2020

The Company announces the voting results of its Annual General Meeting ('AGM') held earlier today.

All resolutions put to the meeting were passed with the requisite majority by means of a poll. Resolutions 1 to 8 and 10 to 17 were each passed as an Ordinary Resolution (requiring a simple majority for them to be passed) and resolutions 18 to 21 were each passed as a Special Resolution (requiring at least a 75% majority for them to be passed). Further to the Company's announcement on 21 December 2020, Resolution 9 was withdrawn.

The polling results for each resolution are set out below:

 
 Resolution                      Votes For      %     Votes Against     %     Total Votes     % of          Votes 
                                                                                               ISC       Withheld(2) 
                                                                                             Voted(1) 
       To receive the Annual 
        Report and Accounts 
        for the year ended 
 1.     30 September 2020       177,605,156   99.88      212,605      0.12    177,817,761     38.93      131,514,363 
      -----------------------  ------------  ------  --------------  ------  ------------  ----------  --------------- 
       To approve the 
       Directors' 
 2.    Remuneration Policy      170,640,512   95.79     7,497,351     4.21    178,137,863     39.00      131,196,347 
      -----------------------  ------------  ------  --------------  ------  ------------  ----------  --------------- 
       To approve the 
       Directors' 
 3.    Remuneration Report      177,627,469   99.72      498,511      0.28    178,125,980     39.00      131,206,724 
      -----------------------  ------------  ------  --------------  ------  ------------  ----------  --------------- 
       To re-appoint John 
 4.     Barton as a Director    177,628,335   57.43    131,645,289    42.57   309,273,624     67.71         57,734 
----  -----------------------  ------------  ------  --------------  ------  ------------  ----------  --------------- 
       To re-appoint Johan 
 5.    Lundgren as a Director   177,759,671   57.47    131,529,397    42.53   309,289,068     67.72         46,520 
      -----------------------  ------------  ------  --------------  ------  ------------  ----------  --------------- 
       To re-appoint Andrew 
 6.     Findlay as a Director   177,846,653   57.51    131,422,099    42.49   309,268,752     67.71         60,546 
      -----------------------  ------------  ------  --------------  ------  ------------  ----------  --------------- 
       To re-appoint Dr 
        Andreas Bierwirth 
 7.     as a Director           177,779,433   57.48    131,485,024    42.52   309,264,457     67.71         61,544 
      -----------------------  ------------  ------  --------------  ------  ------------  ----------  --------------- 
       To re-appoint 
       Catherine 
       Bradley CBE as a 
 8.    Director                 177,047,752   57.25    132,211,688    42.75   309,259,440     67.71         67,944 
      -----------------------  ------------  ------  --------------  ------  ------------  ----------  --------------- 
 9.                                                       Withdrawn 
      ---------------------------------------------------------------------------------------------------------------- 
       To re-appoint Nick 
 10.    Leeder as a Director    177,856,271   57.51    131,401,040    42.49   309,257,311     67.71         69,671 
      -----------------------  ------------  ------  --------------  ------  ------------  ----------  --------------- 
       To re-appoint Julie 
 11.   Southern as a Director   174,683,039   56.63    133,794,229    43.37   308,477,268     67.54        846,362 
      -----------------------  ------------  ------  --------------  ------  ------------  ----------  --------------- 
       To appoint Sheikh 
       Mansurah Tal-At 
       ('Moni') 
 12.   Mannings as a Director   177,528,729   57.44    131,514,714    42.56   309,043,443     67.66        281,452 
      -----------------------  ------------  ------  --------------  ------  ------------  ----------  --------------- 
       To appoint David 
 13.    Robbie as a Director    177,114,841   57.27    132,132,877    42.73   309,247,718     67.71         79,666 
      -----------------------  ------------  ------  --------------  ------  ------------  ----------  --------------- 
       To re-appoint 
       PricewaterhouseCoopers 
       LLP as auditors of 
 14.   the Company              170,248,180   95.57     7,883,125     4.43    178,131,305     39.00      131,194,506 
      -----------------------  ------------  ------  --------------  ------  ------------  ----------  --------------- 
       To authorise the 
       Audit Committee to 
       determine the 
       auditors' 
 15.   remuneration             171,689,834   96.38     6,449,619     3.62    178,139,453     39.00      131,187,889 
      -----------------------  ------------  ------  --------------  ------  ------------  ----------  --------------- 
       To authorise the 
       Company and its 
       subsidiaries 
       to make political 
       donations and incur 
 16.   political expenditure    153,409,233   86.41    24,117,283     13.59   177,526,516     38.87      131,802,992 
      -----------------------  ------------  ------  --------------  ------  ------------  ----------  --------------- 
       To authorise the 
        Directors to allot 
 17.    shares                  154,846,664   86.92    23,295,798     13.08   178,142,462     39.00      131,185,948 
      -----------------------  ------------  ------  --------------  ------  ------------  ----------  --------------- 
       To disapply statutory 
        pre-emption rights 
 18.    (Special Resolution)    161,853,537   90.90    16,201,952     9.10    178,055,489     38.98      131,260,229 
      -----------------------  ------------  ------  --------------  ------  ------------  ----------  --------------- 
       To authorise the 
       Company to purchase 
       its own shares 
       (Special 
 19.   Resolution)              175,707,885   98.65     2,408,596     1.35    178,116,481     39.00      131,210,741 
      -----------------------  ------------  ------  --------------  ------  ------------  ----------  --------------- 
       To adopt new Articles 
       of Association 
       (Special 
 20.   Resolution)              162,097,898   91.03    15,981,811     8.97    178,079,709     38.99      131,244,799 
      -----------------------  ------------  ------  --------------  ------  ------------  ----------  --------------- 
       To authorise the 
       Company to call 
       general 
       meetings on not less 
       than 14 clear days' 
       notice (Special 
 21.   Resolution)              173,621,203   97.47     4,512,807     2.53    178,134,010     39.00      131,188,079 
      -----------------------  ------------  ------  --------------  ------  ------------  ----------  --------------- 
 

Notes:

   1.   Based on total issued share capital of 456,749,631 ordinary shares 

2. A vote withheld is not a vote in law and is not counted towards votes cast "For" or "Against" a resolution

3. The total voting rights of the Company on the day on which shareholders had to be on the register in order to be eligible to vote was 456,749,631

Resolutions 4 to 8 and 10 to 13

The Board notes that while resolutions 4 to 8 and 10 to 13 were passed with the necessary majority, they received less than 58% in favour. In accordance with the UK Corporate Governance Code the Board will continue to engage with shareholders to discuss their concerns but understands that this was predominantly as a result of the Company's largest shareholder (and its related parties) voting against these resolutions.

Board changes

As previously announced Charles Gurassa and Moya Greene DBE did not put themselves forward for re-election at the AGM and therefore stood down from the Board at the conclusion of the AGM.

As per the Company's announcement of 21 December 2020, Anastassia Lauterbach decided to resign as a director of the Company. Accordingly, resolution 9 was withdrawn.

National Storage Mechanism

In accordance with LR 9.6.2 copies of the resolutions passed as special business have been submitted to the FCA's National Storage Mechanism. A copy of the new Articles of Association have also been uploaded to the National Storage Mechanism as the document that sets out the terms and conditions on which its listed equity shares were issued in accordance with LR 9.2.6ER(1). Both documents will shortly be available to view at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

In case of queries please contact:

 
 Institutional investors and analysts: 
                                                [phone] 
 Michael Barker     Investor Relations           939 
                                                [phone] 
 Holly Grainger     Investor Relations           913 
 
 Media: 
                                                [phone] 
 Anna Knowles       Corporate Communications     313 
                                                [phone] 
 Dorothy Burwell    Finsbury                     930 
                                                [phone] 
                                                 551 / 
 Edward Simpkins    Finsbury                     (0) 207 251 3801 
 

LEI: 2138001S47XKWIB7TH90

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December 23, 2020 08:00 ET (13:00 GMT)