IP Group PLC Result of AGM (3864A)

TIDMIPO

RNS Number : 3864A

IP Group PLC

28 May 2019

 
 FOR RELEASE ON   28 May 2019 
 

IP Group plc - Results of Annual General Meeting

The Annual General Meeting of IP Group plc was held earlier today. All of the resolutions proposed at the Annual General Meeting were passed by the appropriate majority on a poll.

In accordance with Listing Rule 9.6.1, a copy of the resolutions has been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.morningstar.co.uk/uk/NSM.

IP Group plc Annual General Meeting Poll Results

 
    RESOLUTION                         VOTES       %      VOTES      %       VOTES        % of       VOTES 
                                        FOR               AGAINST            TOTAL      ISC VOTED   WITHHELD 
    ------------------------------ 
    To receive the 
     Directors' Report, 
     the Audited Statement 
     of Accounts and 
     Auditor's Report 
     of the Company 
     for the financial 
     year ended 31 December 
1    2018.                          896,950,570  99.99   104,987    0.01  897,055,557    84.70     9,366,898 
    ------------------------------               -----  ----------  ----  -----------  ----------  --------- 
    To approve the 
     Directors' Remuneration 
     Report for the 
     year ended 31 December 
2    2018.                          898,843,951  99.17  7,563,470   0.83  906,407,421    85.58      14,335 
    ------------------------------               -----  ----------  ----  -----------  ----------  --------- 
    To approve the 
     Directors' Remuneration 
     Policy, the full 
     text of which is 
     contained within 
     the Directors' 
3    Remuneration Report.           875,879,024  96.63  30,524,396  3.37  906,403,420    85.58      18,335 
    ------------------------------               -----  ----------  ----  -----------  ----------  --------- 
    To re-appoint KPMG 
     LLP as auditor 
     of the Company 
     to hold office 
     from the conclusion 
     of this meeting 
     until the conclusion 
     of the next general 
     meeting of the 
     Company at which 
     accounts are laid 
     before the shareholders 
     in accordance with 
     the provisions 
     of the Companies 
4    Act 2006.                      902,378,145  99.99    81,903    0.01  902,460,048    85.21     3,962,408 
    ------------------------------               -----  ----------  ----  -----------  ----------  --------- 
    That the Directors 
     be authorised to 
     fix the remuneration 
     of KPMG LLP as 
     auditor of the 
5    Company.                       906,345,089  99.99    71,883    0.01  906,416,972    85.58       5,484 
    ------------------------------               -----  ----------  ----  -----------  ----------  --------- 
    To elect Sir Douglas 
     Flint as a Director 
6    of the Company.                892,825,297  98.89  10,044,554  1.11  902,869,851    85.25     3,551,905 
    ------------------------------               -----  ----------  ----  -----------  ----------  --------- 
    To re-elect Mr 
     Heejae Chae as 
     a Director of the 
7    Company.                       896,903,938  98.95  9,487,372   1.05  906,391,310    85.58      30,445 
    ------------------------------               -----  ----------  ----  -----------  ----------  --------- 
    To re-elect Mr 
     Alan Aubrey as 
     a Director of the 
8    Company.                       876,879,408  96.74  29,517,850  3.26  906,397,258    85.58      24,497 
    ------------------------------               -----  ----------  ----  -----------  ----------  --------- 
    To re-elect Mr 
     David Baynes as 
     a Director of the 
9    Company.                       905,919,039  99.95   471,377    0.05  906,390,416    85.58      31,340 
    ------------------------------               -----  ----------  ----  -----------  ----------  --------- 
    To re-elect Professor 
     David Begg as a 
     Director of the 
10   Company.                       890,612,159  98.95  9,469,117   1.05  900,081,276    84.98     6,340,479 
    ------------------------------               -----  ----------  ----  -----------  ----------  --------- 
    To re-elect Mr 
     Jonathan Brooks 
     as a Director of 
11   the Company.                   896,965,036  98.96  9,426,275   1.04  906,391,311    85.58      30,445 
    ------------------------------               -----  ----------  ----  -----------  ----------  --------- 
    To re-elect Mr 
     Greg Smith as a 
     Director of the 
12   Company.                       902,647,937  99.59  3,743,374   0.41  906,391,311    85.58      30,445 
    ------------------------------               -----  ----------  ----  -----------  ----------  --------- 
    To re-elect Dr 
     Elaine Sullivan 
     as a Director of 
13   the Company.                   896,921,519  98.96  9,470,926   1.04  906,392,445    85.58      29,310 
    ------------------------------               -----  ----------  ----  -----------  ----------  --------- 
    To re-elect Mr 
     Michael Townend 
     as a Director of 
14   the Company.                   902,253,887  99.54  4,137,424   0.46  906,391,311    85.58      30,445 
    ------------------------------               -----  ----------  ----  -----------  ----------  --------- 
    That the Directors 
     be and are hereby 
     generally and unconditionally 
     authorised for 
     the purposes of 
     section 551 of 
     the Act to 
     exercise all the 
     powers of the Company 
     to allot shares 
     / equity securities 
     subject to the 
     limits set out 
15   in the AGM notice.             888,520,829  98.03  17,892,601  1.97  906,413,430    85.58       8,326 
    ------------------------------               -----  ----------  ----  -----------  ----------  --------- 
    That, subject to 
     and conditional 
     on the passing 
     of Resolution 15, 
     the Directors be 
     and are hereby 
     generally empowered 
     pursuant to sections 
     570 and 573 of 
     the Act to allot 
     equity securities 
     (as defined in 
     section 560 of 
     the Act), payment 
     for which is to 
     be wholly in cash 
     as if section 561(1) 
     of the Act did 
     not apply to any 
16   such allotment.                906,076,697  99.96   335,266    0.04  906,411,963    85.58       9,793 
    ------------------------------               -----  ----------  ----  -----------  ----------  --------- 
    That, in accordance 
     with section 366 
     of the Act, the 
     Company and all 
     companies that 
     are subsidiaries 
     of the Company 
     at any time during 
     the period for 
     which this Resolution 
     17 has effect be 
     and are hereby 
     authorised to incur 
     political expenditure 
     (as defined in 
     section 365 of 
     the Act) not exceeding 
     GBP50,000 in total 
     during the period 
     beginning with 
     the date of the 
     passing of this 
     Resolution and 
     ending at the conclusion 
     of the Company's 
17   2020 AGM.                      895,517,423  98.80  10,902,812  1.20  906,420,235    85.58       2,221 
    ------------------------------               -----  ----------  ----  -----------  ----------  --------- 
    That the Company 
     generally be authorised 
     for the purposes 
     of section 701 
     of the Act to make 
     market purchases 
     (as defined in 
     section 693(4) 
     of the Act) of 
     the Company's ordinary 
     shares on such 
     terms and in such 
     manner as the Directors 
     may from time to 
18   time determine.                902,404,450  99.56  4,015,295   0.44  906,419,745    85.58       2,011 
    ------------------------------               -----  ----------  ----  -----------  ----------  --------- 
    That a general 
     meeting other than 
     an Annual General 
     Meeting may be 
     called on not less 
     than 14 clear days' 
19   notice.                        903,190,933  99.64  3,226,229   0.36  906,417,162    85.58       5,294 
    ------------------------------               -----  ----------  ----  -----------  ----------  --------- 
20  That the Directors                                         Resolution withdrawn 
     be and are hereby 
     authorised to amend 
     the rules of the 
     IP Group Long-Term 
     Incentive Plan 
     as set out in the 
     AGM notice. 
    ------------------------------  -------------------------------------------------------------------------- 
    That the Directors 
     be and are hereby 
     authorised to amend 
     the rules of the 
     IP Group Deferred 
     Bonus Share Plan 
     (the "DBSP") 
     as set out in the 
21   AGM notice.                    899,110,893  99.20  7,286,142   0.80  906,397,035    85.58      24,721 
    ------------------------------               -----  ----------  ----  -----------  ----------  --------- 
 

Ends

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May 28, 2019 12:42 ET (16:42 GMT)