Reach PLC Result of AGM (9348X)

TIDMRCH

RNS Number : 9348X

Reach PLC

02 May 2019

Reach plc

2 May 2019

Results of Annual General Meeting ("AGM")

At the AGM of Reach plc (the 'Company') held today at 11.30 am at the Museum of London Docklands, No.1 Warehouse, West India Quay, London E14 4AL, all resolutions set out in the Notice of Meeting were voted on a poll and were passed by the requisite majorities. Resolutions 1 to 13 and 17 were passed as ordinary resolutions and resolutions 14 to 16 and 18 were passed as special resolutions. The results of the poll are set out below.

 
                                      VOTES        %       VOTES        %        VOTES      % of ISC VOTED     VOTES 
                                       FOR                 AGAINST                CAST                        WITHHELD 
 1    Annual Report and Accounts   236,685,122   99.98       48,213    0.02   236,733,335           79.10%      60,640 
     ---------------------------  ------------  ------  -----------  ------  ------------  ---------------  ---------- 
 2           Remuneration Report   192,593,200   83.14   39,052,286   16.86   231,645,486           77.40%   5,151,501 
     ---------------------------  ------------  ------  -----------  ------  ------------  ---------------  ---------- 
 3                      Dividend   236,783,936   99.99       12,648    0.01   236,796,584           79.13%       1,042 
     ---------------------------  ------------  ------  -----------  ------  ------------  ---------------  ---------- 
 4            Elect Simon Fuller   231,028,557   99.77      543,978    0.23   231,572,535           77.38%   5,225,091 
     ---------------------------  ------------  ------  -----------  ------  ------------  ---------------  ---------- 
 5      Re-elect Nick Prettejohn   231,899,772   97.93    4,892,784    2.07   236,792,556           79.12%       5,069 
     ---------------------------  ------------  ------  -----------  ------  ------------  ---------------  ---------- 
 6            Re-elect Simon Fox   235,860,446   99.61      932,328    0.39   236,792,774           79.12%       4,852 
     ---------------------------  ------------  ------  -----------  ------  ------------  ---------------  ---------- 
 7          Re-elect Steve Hatch   220,152,519   94.20   13,558,243    5.80   233,710,762           78.09%   3,086,863 
     ---------------------------  ------------  ------  -----------  ------  ------------  ---------------  ---------- 
 8          Re-elect David Kelly   224,637,434   96.97    7,014,121    3.03   231,651,555           77.41%   5,146,071 
     ---------------------------  ------------  ------  -----------  ------  ------------  ---------------  ---------- 
 9      Re-elect Helen Stevenson   226,807,629   95.79    9,980,391    4.21   236,788,020           79.12%       9,606 
     ---------------------------  ------------  ------  -----------  ------  ------------  ---------------  ---------- 
                 Re-elect Olivia 
 10                  Streatfeild   226,808,944   95.79    9,979,076    4.21   236,788,020           79.12%       9,606 
     ---------------------------  ------------  ------  -----------  ------  ------------  ---------------  ---------- 
                         Appoint 
 11   PricewaterhouseCoopers LLP   236,427,359   99.85      363,456    0.15   236,790,815           79.12%       6,811 
     ---------------------------  ------------  ------  -----------  ------  ------------  ---------------  ---------- 
 12       Auditors' remuneration   236,744,384   99.98       51,631    0.02   236,796,015           79.12%       1,611 
     ---------------------------  ------------  ------  -----------  ------  ------------  ---------------  ---------- 
 13                 Allot shares   236,530,121   99.89      264,070    0.11   236,794,191           79.12%       3,435 
     ---------------------------  ------------  ------  -----------  ------  ------------  ---------------  ---------- 
               Disapplication of 
 14           pre-emption rights   236,740,043   99.98       52,130    0.02   236,792,173           79.12%       5,453 
     ---------------------------  ------------  ------  -----------  ------  ------------  ---------------  ---------- 
       Further disapplication of 
 15           pre-emption rights   231,531,410   97.78    5,260,810    2.22   236,792,220           79.12%       5,405 
     ---------------------------  ------------  ------  -----------  ------  ------------  ---------------  ---------- 
 16       Purchase of own shares   231,562,290   97.80    5,207,876    2.20   236,770,166           79.12%      27,459 
     ---------------------------  ------------  ------  -----------  ------  ------------  ---------------  ---------- 
 17          Political donations   182,438,448   77.05   54,354,388   22.95   236,792,836           79.12%       4,790 
     ---------------------------  ------------  ------  -----------  ------  ------------  ---------------  ---------- 
              Notice for General 
 18                     Meetings   235,008,010   99.25    1,787,456    0.75   236,795,466           79.12%       2,160 
     ---------------------------  ------------  ------  -----------  ------  ------------  ---------------  ---------- 
 

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" a resolution.

2. The issued share capital figure used to calculate the percentage voted is 299,268,697. This is the figure as at close of business on 30 April 2019 and excludes the number of ordinary shares held in treasury at that date.

3. The directors of the Company (the 'Directors') note the proportion of votes cast against resolution 17. As explained in the circular to shareholders containing the notice of Annual General Meeting, neither the Company nor any of its subsidiaries has any intention of making any direct political donation or incurring political expenditure pursuant to this resolution. This resolution was proposed to ensure that neither the Company nor its subsidiaries inadvertently commits any breaches of the Companies Act 2006 (the 'Act') through the undertaking of routine activities in consequence of the very wide scope of the relevant provisions in that Act. The Directors remain convinced that the passing of the resolution was in the best interest of the Company with a view to its avoiding any such technical breach which could otherwise arise.

In accordance with Listing Rule 9.6.3R, a copy of the resolutions passed as Special Business at the AGM have been submitted to the National Storage Mechanism and will be available in due course for viewing at http://www.morningstar.co.uk/uk/NSM

Enquiries

 
 Reach plc 
 Simon Fox, Chief Executive 
  Simon Fuller, Chief Financial Officer and Company 
  Secretary                                               020 7293 3553 
 
   Brunswick 
 Nick Cosgrove, Partner                                   020 7404 5959 
 Will Medvei, Director 
 
 

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May 02, 2019 10:15 ET (14:15 GMT)