MITIE Group PLC Result of AGM (1775M)

TIDMMTO

RNS Number : 1775M

MITIE Group PLC

26 July 2017

26 July 2017

Mitie Group plc

Result of AGM

At the Annual General Meeting (AGM) of Mitie Group plc (Mitie), held on 26 July 2017, all the resolutions put to the meeting were passed. The details of the votes cast are shown in a table below. The full text of each of the resolutions is shown in the Notice of the AGM, which is available on our website at www.mitie.com. The total of votes cast was 267,509,427 representing 72.05% of Mitie's issued share capital.

Mitie acknowledges that, whilst the following resolutions were passed, a high number of votes were received against each of them:

Resolution 13, in relation to Directors' authority to allot shares;

Resolution 14, in relation to a general authority to disapply pre-emption rights; and

Resolution 15, which sought additional authority to disapply pre-emption rights in connection with the financing of an acquisition or specified capital investment, limited to the equivalent of 5% of Mitie's issued share capital (excluding treasury shares).

A process of shareholder consultation has commenced and Mitie will continue to engage with those shareholders who either withheld their vote, or voted against these resolutions, to improve understanding and, if possible, allay any such concerns for the future.

Mitie further acknowledges that resolution 10, in relation to the reappointment of Deloitte LLP as external auditor, was passed but with a high number of votes received against it, as well as withheld. Mitie has announced that it is undertaking a tender process during July, August and September 2017, and will announce a new external auditor in due course.

Copies of all special resolutions have been submitted to the UK Listing Authority and will shortly be made available for inspection on the National Storage Mechanism at www.hemscott.com/nsm.do.

AGM - Poll results

 
 Resolution                  Votes in                   Votes         Total        Votes 
                               favour                  against        number      withheld 
                              (as % of                  (as %        of votes 
                            votes cast)                of votes        cast 
                                                        cast) 
 
              Annual report & 
 1             accounts                   86.35%      13.65%       267,509,427        906,936 
             --------------------------  -------    ----------    ------------  ------------- 
 2            Remuneration report         92.07%       7.93%       267,509,427      9,739,725 
             --------------------------  -------    ----------    ------------  ------------- 
              Appointment of Derek 
 3             Mapp                       98.40%       1.60%       267,509,426      1,009,359 
             --------------------------  -------    ----------    ------------  ------------- 
              Appointment of Phil 
 4             Bentley                    99.73%       0.27%       267,509,427        823,358 
             --------------------------  -------    ----------    ------------  ------------- 
              Appointment of Sandip 
 5             Mahajan                    99.70%       0.30%       267,509,427        829,358 
             --------------------------  -------    ----------    ------------  ------------- 
              Appointment of Nivedita 
 6            Krishnamurthy Bhagat        99.95%       0.05%       267,509,427      1,800,798 
             --------------------------  -------    ----------    ------------  ------------- 
              Re-appointment of 
 7             Larry Hirst CBE            86.78%      13.22%       267,509,427        848,958 
             --------------------------  -------    ----------    ------------  ------------- 
              Re-appointment of 
 8             Jack Boyer OBE             96.89%       3.11%       267,509,427        851,001 
             --------------------------  -------    ----------    ------------  ------------- 
              Re-appointment of 
 9             Mark Reckitt               90.06%       9.94%       267,509,427        851,001 
             --------------------------  -------    ----------    ------------  ------------- 
 10           Appointment of auditors     70.61%      29.39%       267,509,426     44,081,945 
             --------------------------  -------    ----------    ------------  ------------- 
              Auditors remuneration 
 11            authority                  97.63%       2.37%       267,509,427        831,133 
             --------------------------  -------    ----------    ------------  ------------- 
 12           Political donations         99.06%       0.94%       267,509,427        905,929 
             --------------------------  -------    ----------    ------------  ------------- 
              Authority to Allot 
 13            shares                     67.08%      32.92%       267,509,427        831,576 
             --------------------------  -------    ----------    ------------  ------------- 
              Disapplication of 
               pre-emption rights 
 14            (General)                  76.82%      23.18%       267,509,427        904,215 
             --------------------------  -------    ----------    ------------  ------------- 
              Disapply pre-emption 
 15            rights (Additional)        79.75%      20.25%       267,509,427        936,348 
             --------------------------  -------    ----------    ------------  ------------- 
              Market purchase 
 16            of own shares              99.21%       0.79%       267,509,427        821,866 
             --------------------------  -------    ----------    ------------  ------------- 
              Short notice of 
 17            meetings                   88.04%      11.96%       267,509,426        816,058 
             --------------------------  -------    ----------    ------------  ------------- 
 

-Ends-

For further information, contact:

Peter Dickinson

General Counsel and Company Secretary, Mitie Group plc

T: [phone] M: [phone] E: [e-mail]

Anna Chen

Investor Relations Manager, Mitie Group plc

T: [phone] M: [phone] E: [e-mail]

Notes for editors

About Mitie Group

Mitie is a FTSE 250 business providing a wide range of facilities management and professional services, from real estate consultancy, project management, energy consultancy, compliance, risk assessment and security systems to cleaning, catering, engineering, technical and environmental services and a range of specialist services.

We work in partnership with organisations to deliver long-term savings, managing and maintaining some of the nation's most recognised landmarks for a range of blue-chip public and private sector customers.

We are the UK's largest Facilities Management Company employing some 60,000 people across the country.

Find out more at www.mitie.com

This information is provided by RNS

The company news service from the London Stock Exchange

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July 26, 2017 09:10 ET (13:10 GMT)