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OTB On The Beach Group Plc

139.40
3.00 (2.20%)
24 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
On The Beach Group Plc LSE:OTB London Ordinary Share GB00BYM1K758 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.00 2.20% 139.40 137.40 139.00 139.40 133.00 133.00 455,497 16:35:12
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Travel Agencies 171.1M 10.1M 0.0606 22.71 229.3M

On the Beach Group PLC Result of Annual General Meeting

26/01/2024 5:34pm

RNS Regulatory News


RNS Number : 1217B
On the Beach Group PLC
26 January 2024
 

26 January 2024

On The Beach Group plc (the "Company")

Result of Annual General Meeting

The Board of the Company announces that at its Annual General Meeting ("AGM") held today, all the resolutions considered at the AGM were duly passed by the required majority by means of a poll vote.

Banking Facility Update

 

Further to On the Beach's year to date trading update (FY24) published today, it has today exercised a £25m accordion pursuant to its existing revolving credit facility ("RCF") agreement. This is in order to support additional volumes in a growing market and is expected to remain in place for up to 18 months.

The results of the poll votes on the AGM resolutions are shown in the table below:


Resolution

Votes for

Votes against

Total votes cast (excl. withheld)

Votes withheld



No. of votes

% of  vote

No. of votes

% of vote

No. of votes

No. of votes

1.    

To receive the report & accounts

110,634,124

99.99

5,569

0.01

110,639,693

 510,036

2.    

To approve the Directors' remuneration report

100,721,123

92.78

 7,840,165

 7.22

108,561,288

 2,588,441

3.    

To re-appoint Richard Pennycook

108,284,048

 97.87

 2,355,013

 2.13

110,639,061

 510,668

4.    

To re-appoint Simon Cooper as a Director

109,633,735

 98.65

 1,505,275

 1.35

111,139,010

 10,719

5.    

To re-appoint Shaun Morton

109,638,686

 98.65

 1,503,058

 1.35

111,141,744

 7,985

6.    

To re-appoint David Kelly as a Director

110,297,705

 99.24

 844,038

 0.76

111,141,743

 7,986

7.    

To re-appoint Elaine O'Donnell as a director

110,296,905

 99.24

 844,838

 0.76

111,141,743

 7,986

8.    

To re-appoint Justine Greening as a director

105,300,501

 94.75

 5,840,253

 5.25

111,140,754

 8,975

9.    

To appoint Zoe Harris as a director

109,637,886

 98.65

 1,503,858

 1.35

111,141,744

 7,985

10. 

To appoint Veronica Sharma as a director

111,135,375

99.99

 6,369

 0.01

111,141,744

 7,985

11. 

To appoint Jon Wormald as a director

109,633,735

 98.65

 1,505,275

 1.35

111,139,010

 10,719

12. 

To re-appoint Ernst & Young LLP as auditors

110,631,183

 99.54

 508,458

 0.46

111,139,641

 10,088

13. 

To authorise the directors to determine the auditor's remuneration

111,136,599

 99.99

 

 5,776

 0.01

111,142,375

 

7,354

14. 

To authorise the directors to allot shares

107,246,402

96.50

3,893,239

3.50

111,139,641

10,088

15. 

To authorise political donations

109,824,103

98.81

1,318,272

1.19

111,142,375

7,354

16. 

To dis-apply statutory pre-emption rights  

110,467,127

99.40

670,183

0.60

111,137,310

12,419

17. 

To dis-apply statutory pre-emption rights (acquisition or capital investment)

109,212,748

98.27

1,924,562

1.73

111,137,310

12,419

18. 

To authorise the purchase of own shares

110,619,019

 99.55

503,356

0.45

111,122,375

27,354

19. 

To reduce the notice period required for General Meetings

109,536,124

98.56

1,601,816

1.44

111,137,940

11,789

 

 

Notes:

 

1.     A 'Vote withheld' is not a vote in law and is not counted in the calculation of the proportion of the votes 'For' and 'Against' any resolution.

 

2.     The Company's total ordinary shares in issue (total voting rights) as at the date of the AGM was 166,718,520 ordinary shares of £0.01 each. Ordinary shareholders are entitled to one vote per ordinary share held.

 

3.     Resolutions 16 to 19 were passed as special resolutions.

 

4.     In accordance with paragraph 9.6.2 of the LSE Listing Rules, a copy of the resolutions passed as special business at the AGM have been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

 

For further information:

 

On the Beach Group plc

Shaun Morton, Chief Executive Officer

Jon Wormald, Chief Financial Officer

Kirsteen Vickerstaff, Company Secretary

 

 

c/o FTI Consulting

FTI Consulting

Alex Beagley

Fiona Walker

Harriet Jackson

 

Tel: +44 (0)20 3727 1000

 

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