Ocado Group PLC Result of AGM (0955E)

TIDMOCDO

RNS Number : 0955E

Ocado Group PLC

03 May 2017

RESULT OF AGM

OCADO GROUP PLC

3 May 2017

Ocado Group plc

Annual General Meeting 2017 Results

The Annual General Meeting of Ocado Group plc (the "Company") was held at Peterborough Court, 133 Fleet Street, London, EC4A 2BB on Wednesday, 3 May 2017 at 11.00am.

All resolutions were decided on a poll and all resolutions proposed at the Annual General Meeting were passed by shareholders. The full text of each resolution is contained in the notice of Annual General Meeting, which is available on the Company's website www.ocadogroup.com (with each resolution number below corresponding to the resolution number in the notice).

The number of votes for and against each of the resolutions put before the Annual General Meeting and the number of votes withheld were as follows:

 
          Resolutions                     For                  Against         Total Votes   Votes Withheld 
------------------------------  ----------------------  --------------------  ------------  --------------- 
                                    Votes         %        Votes        % 
---  -------------------------  ------------  --------  -----------  -------  ------------  --------------- 
 Ordinary Resolutions 
----------------------------------------------------------------------------------------------------------- 
      To receive the 
       Annual Report and 
 1     Accounts                  448,431,851   100.00%   2,407        0.00%    448,607,479   173,221 
---  -------------------------  ------------  --------  -----------  -------  ------------  --------------- 
      To approve the 
       Directors' Remuneration 
 2     Policy                    416,068,306   93.75%    27,747,647   6.25%    448,607,479   4,791,526 
---  -------------------------  ------------  --------  -----------  -------  ------------  --------------- 
      To approve the 
       Directors' Remuneration 
 3     Report                    413,472,812   93.16%    30,342,020   6.84%    448,607,479   4,792,647 
---  -------------------------  ------------  --------  -----------  -------  ------------  --------------- 
      To re-appoint Lord 
 4     Rose                      437,227,347   97.51%    11,185,327   2.49%    448,607,479   194,805 
---  -------------------------  ------------  --------  -----------  -------  ------------  --------------- 
      To re-appoint Tim 
 5     Steiner                   447,232,365   99.69%    1,369,317    0.31%    448,607,479   5,797 
---  -------------------------  ------------  --------  -----------  -------  ------------  --------------- 
      To re-appoint Duncan 
 6     Tatton-Brown              447,229,291   99.69%    1,372,391    0.31%    448,607,479   5,797 
---  -------------------------  ------------  --------  -----------  -------  ------------  --------------- 
      To re-appoint Neill 
 7     Abrams                    443,289,719   98.86%    5,124,536    1.14%    448,607,479   193,224 
---  -------------------------  ------------  --------  -----------  -------  ------------  --------------- 
      To re-appoint Mark 
 8     Richardson                446,493,307   99.53%    2,108,375    0.47%    448,607,479   5,797 
---  -------------------------  ------------  --------  -----------  -------  ------------  --------------- 
      To re-appoint Jörn 
 9     Rausing                   441,019,204   98.31%    7,580,895    1.69%    448,607,479   7,380 
---  -------------------------  ------------  --------  -----------  -------  ------------  --------------- 
      To re-appoint Ruth 
 10    Anderson                  445,974,117   99.41%    2,624,430    0.59%    448,607,479   8,932 
---  -------------------------  ------------  --------  -----------  -------  ------------  --------------- 
      To re-appoint Douglas 
 11    McCallum                  441,645,140   98.45%    6,953,699    1.55%    448,607,479   8,640 
---  -------------------------  ------------  --------  -----------  -------  ------------  --------------- 
      To re-appoint Alex 
 12    Mahon                     448,392,486   99.95%    206,061      0.05%    448,607,479   8,932 
---  -------------------------  ------------  --------  -----------  -------  ------------  --------------- 
      To re-appoint Andrew 
 13    Harrison                  448,391,812   99.95%    206,735      0.05%    448,607,479   8,932 
---  -------------------------  ------------  --------  -----------  -------  ------------  --------------- 
      To re-appoint Emma 
 14    Lloyd                     448,392,032   99.95%    206,515      0.05%    448,607,479   8,932 
---  -------------------------  ------------  --------  -----------  -------  ------------  --------------- 
      To appoint Deloitte 
 15    LLP as auditors           441,158,885   98.34%    7,445,712    1.66%    448,607,479   2,882 
---  -------------------------  ------------  --------  -----------  -------  ------------  --------------- 
      To authorise the 
       Directors to determine 
       the auditors' 
 16    remuneration              441,286,935   98.37%    7,318,577    1.63%    448,607,479   1,967 
---  -------------------------  ------------  --------  -----------  -------  ------------  --------------- 
      Authority for political 
       donations and political 
 17    expenditure               437,896,115   97.96%    9,141,612    2.04%    448,607,479   1,569,752 
---  -------------------------  ------------  --------  -----------  -------  ------------  --------------- 
      Authority to allot 
       shares up to one-third 
       of issued share 
 18    capital                   441,197,745   99.41%    2,620,240    0.59%    448,607,479   4,789,494 
---  -------------------------  ------------  --------  -----------  -------  ------------  --------------- 
      Authority to allot 
       shares in connection 
       with a rights issue 
 19    only                      360,233,924   81.17%    83,580,107   18.83%   448,607,479   4,793,448 
---  -------------------------  ------------  --------  -----------  -------  ------------  --------------- 
 Special Resolutions 
----------------------------------------------------------------------------------------------------------- 
      General authority 
       to disapply pre-emption 
 20    rights                    433,827,686   97.75%    9,986,488    2.25%    448,607,479   4,793,305 
---  -------------------------  ------------  --------  -----------  -------  ------------  --------------- 
      Authority to purchase 
 21    own shares                442,981,722   99.95%    239,247      0.05%    448,607,479   5,386,510 
---  -------------------------  ------------  --------  -----------  -------  ------------  --------------- 
      Notice of general 
 22    meetings                  445,985,245   99.28%    3,223,439    0.72%    449,209,803   1,119 
---  -------------------------  ------------  --------  -----------  -------  ------------  --------------- 
 

Notes:

(i) Votes 'withheld' are not votes under English law and so have not been included in the calculation of whether a resolution is carried. Percentages have been rounded to two decimal places.

(ii) As at 7.00am on 3 May 2017, the Company's issued share capital was 629,719,608 ordinary shares of 2p each admitted to trading. The Company does not hold any ordinary shares in treasury. Each ordinary share carries the right to one vote in relation to all circumstances at general meetings of the Company. Of these issued ordinary shares: (1) 1,914,114 shares are held by Yorkshire Building Society, the trustee for the Company's employee Share Incentive Plan, who must vote, at the request of a participant, in respect of ordinary shares held by the trustee on behalf of that participant; (2) 32,811,272 shares are held by Wealth Nominees Limited on behalf of Estera Trust (Jersey) Limited, the independent company which is the trustee of Ocado's employee benefit trust (the "EBT Trustee"). The EBT Trustee has waived its right to exercise its voting rights and to receive dividends in respect of these 32,811,272 ordinary shares, although it may vote in respect of 32,732,240 ordinary shares which have vested under the joint share ownership scheme and remain in the trust as at 3 May 2017, at the request of a participant.

This announcement is made pursuant to the requirements of Listing Rules 9.6.2 and 9.6.18. In accordance with Listing Rule 9.6.2, a copy of resolutions 17 to 22 (as set out in the notice of Annual General Meeting), being the resolutions passed at the Annual General Meeting not concerning ordinary business, has been submitted today to the Financial Conduct Authority's national storage mechanism. This document will be available for viewing at http://www.morningstar.co.uk/uk/NSM.

A copy of the Annual General Meeting results will be available on Ocado's website: www.ocadogroup.com.

Person responsible for arranging the release of this announcement:

Neill Abrams

Company Secretary

Ocado Group plc

Buildings One & Two, Trident Place,

Mosquito Way, Hatfield, AL10 9UL

Hertfordshire

+ 44 1707 228 000

[e-mail]

This information is provided by RNS

The company news service from the London Stock Exchange

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