Gocompare.com Group plc Result of AGM (0460A)

TIDMGOCO

RNS Number : 0460A

Gocompare.com Group plc

23 May 2019

23 May 2019

GoCompare.com Group plc

Results of Annual General Meeting

GoCompare.com Group plc (the "Company") announces the results of voting on the resolutions at its Annual General Meeting ("AGM") held on Thursday 23 May 2019, as set out in the AGM notice.

A poll was held on each resolution and was passed by the required majority. Resolutions 1 to 16 as ordinary resolutions and resolutions 17 to 20 as special resolutions were passed and the results of the poll were as follows:

 
 Resolution                       For                    Against              Total Votes   Votes 
                                                                                             Withheld* 
                                  Votes         %        Votes        % 
                                 ------------  -------  -----------  ------ 
 Ordinary Resolutions 
       To receive the 
        Annual Report 
 1.     and Accounts              325,586,427    96.65   11,285,998    3.35   336,872,425      180,802 
      -------------------------  ------------  -------  -----------  ------  ------------  ----------- 
       To approve the 
        Directors' Remuneration 
 2.     Report                    240,078,359    74.97   80,147,554   25.03   320,225,913   16,825,099 
      -------------------------  ------------  -------  -----------  ------  ------------  ----------- 
       To declare a 
        final dividend 
        of 0.8 pence 
        per ordinary 
        share in respect 
        of the year 
        ended 31 December 
 3.     2018                      337,019,092   100.00        6,480    0.00   337,025,572       27,655 
      -------------------------  ------------  -------  -----------  ------  ------------  ----------- 
       To elect Nick 
 4.     Hugh as a director        336,964,611   100.00       16,585    0.00   336,981,196       72,031 
      -------------------------  ------------  -------  -----------  ------  ------------  ----------- 
       To re-elect 
        Zillah Byng-Thorne 
 5.     as a director             299,974,808    89.02   37,002,987   10.98   336,977,795       73,217 
      -------------------------  ------------  -------  -----------  ------  ------------  ----------- 
       To re-elect 
        Matthew Crummack 
 6.     as a director             336,935,360    99.99       42,435    0.01   336,977,795       73,217 
      -------------------------  ------------  -------  -----------  ------  ------------  ----------- 
       To re-elect 
        Joe Hurd as 
 7.     a director                324,735,072    96.37   12,242,723    3.63   336,977,795       73,217 
      -------------------------  ------------  -------  -----------  ------  ------------  ----------- 
       To re-elect 
        Angela Seymour-Jackson 
 8.     as a director             272,264,255    85.03   47,934,110   14.97   320,198,365   16,852,647 
      -------------------------  ------------  -------  -----------  ------  ------------  ----------- 
       To re-elect 
        Dr. Ashley Steel 
 9.     as a director             324,662,192    96.35   12,304,789    3.65   336,966,981       84,031 
      -------------------------  ------------  -------  -----------  ------  ------------  ----------- 
       To re-elect 
        Adrian Webb 
 10.    as a director             336,551,677    99.87      426,118    0.13   336,977,795       73,217 
      -------------------------  ------------  -------  -----------  ------  ------------  ----------- 
       To re-elect 
        Sir Peter Wood 
 11.    as a director             324,220,371    96.21   12,757,424    3.79   336,977,795       73,217 
      -------------------------  ------------  -------  -----------  ------  ------------  ----------- 
       To re-elect 
        Nick Wrighton 
 12.    as a director             336,923,537    99.99       48,666    0.01   336,972,203       73,354 
      -------------------------  ------------  -------  -----------  ------  ------------  ----------- 
       To re-appoint 
        KPMG LLP as 
 13.    auditors                  325,709,090    96.64   11,329,601    3.36   337,038,691       14,536 
      -------------------------  ------------  -------  -----------  ------  ------------  ----------- 
       To authorise 
        the directors 
        and the Audit 
        and Risk 
        Committee to 
        determine the 
        Remuneration 
 14.    of the Auditor            336,974,500    99.99       46,317    0.01   337,020,817       27,817 
      -------------------------  ------------  -------  -----------  ------  ------------  ----------- 
       To authorise 
        the 
        Company and 
        its 
        subsidiaries 
        to make 
 15.    political donations       327,742,183    97.25    9,281,892    2.75   337,024,075       24,559 
      -------------------------  ------------  -------  -----------  ------  ------------  ----------- 
       To authorise 
        the directors 
 16.    to allot shares           336,534,856    99.85      503,948    0.15   337,038,804       12,208 
      -------------------------  ------------  -------  -----------  ------  ------------  ----------- 
 Special Resolutions 
       To dis-apply 
        pre-emption 
 17.    rights                    331,506,515    98.38    5,466,270    1.62   336,972,785       78,227 
      -------------------------  ------------  -------  -----------  ------  ------------  ----------- 
       Additional authority 
        to disapply 
        pre-emption 
        rights for purposes 
        of acquisitions 
 18.    or capital investments    331,507,463    98.38    5,464,395    1.62   336,971,858       79,154 
      -------------------------  ------------  -------  -----------  ------  ------------  ----------- 
       To authorise 
        the 
        Company to call 
        a 
        general meeting 
        other 
        than an annual 
        general 
        meeting on not 
        less than 14 
        clear days' 
 19.    notice                    333,334,343    98.90    3,705,011    1.10   337,039,354       13,873 
      -------------------------  ------------  -------  -----------  ------  ------------  ----------- 
       To change the 
        Company's name 
        to GoCo Group 
 20.    plc                       336,940,086    99.97       90,970    0.03   337,031,056       22,171 
      -------------------------  ------------  -------  -----------  ------  ------------  ----------- 
 

The Board notes that, though 74.97% of shareholders voted in favour of resolution 2 in relation to the Directors' Remuneration Report, 25.03% of shareholders voted against the resolution.

The Remuneration Committee carried out a shareholder consultation exercise in early 2019 and was pleased that many shareholders took the time to share their views. Whilst many expressed support for the Committee's decisions during those conversations, we note that a number of shareholders still felt unable to support us at the AGM.

We will be seeking approval for a new Directors' Remuneration Policy at our AGM in 2020, in line with the normal cycle for renewal. The Board is committed to maintaining ongoing dialogue with our shareholders and, as part of the development of the new Policy, we will reflect on feedback received from shareholders as we develop our approach going forward.

As at the date of the AGM, the number of ordinary shares in issue, and therefore the total number of voting rights was 418,489,214.

In accordance with Listing Rule 9.6.2, copies of all the resolutions passed, other than resolutions concerning ordinary business, will be submitted to the National Storage Mechanism and be available for inspection at: http://www.morningstar.co.uk/uk/NSM.

* A 'vote withheld' is not a vote in law and is not counted towards the proportion of votes 'for' and 'against' a resolution.

Enquiries:

Nick Edwards

Company Secretary

01633 654 060

Registered Office: Imperial House, Imperial Way, Newport, Gwent NP10 8UH

Registered in England and Wales with registered number: 6062003

LEI: 213800DUUN4C47JEL561

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May 23, 2019 12:30 ET (16:30 GMT)