Last checked at 21 Jul 2016 14:35
AO World PLC ("Company")
Result of Annual General Meeting
At the Annual General Meeting (AGM) of AO World plc held earlier today all the resolutions put to the meeting were passed. Details of the votes cast are shown in the table below.
Resolution | Votes in favour* | Votes against | Total number of votes cast | Votes Withheld** | |||
No. of shares | % | No. of shares | % | No. of shares | |||
1 | To receive the report and accounts | 327,302,053 | 99.99 | 42,570 | 0.01 | 327,344,623 | 5,794 |
2 | To approve the Directors' remuneration report | 270,074,308 | 84.29 | 50,341,028 | 15.71 | 320,415,336 | 6,935,081 |
3 | To elect Geoff Cooper as a Director | 327,238,240 | 99.97 | 112,176 | 0.03 | 327,350,416 | 1 |
4 | To re-elect John Roberts as a Director | 327,343,331 | 99.99 | 7,086 | 0.01 | 327,350,417 | - |
5 | To re-elect Steve Caunce as a Director | 327,343,331 | 99.99 | 7,086 | 0.01 | 327,350,417 | - |
6 | To elect Mark Higgins as a Director | 327,343,331 | 99.99 | 7,086 | 0.01 | 327,350,417 | - |
7 | To re-elect Brian McBride as a Director | 327,314,376 | 99.99 | 36,041 | 0.01 | 327,350,417 | - |
8 | To re-elect Chris Hopkinson as a Director | 269,382,489 | 82.44 | 57,360,281 | 17.56 | 326,742,770 | 607,647 |
9 | To re-elect Marisa Cassoni as a Director | 327,326,403 | 99.99 | 24,014 | 0.01 | 327,350,417 | - |
10 | To re-elect Rudolf Lamprecht as a Director | 327,295,472 | 99.99 | 11,641 | 0.01 | 327,307,113 | 43,304 |
11 | To reappoint KPMG LLP as auditors | 327,350,417 | 100 | - | - | 327,350,417 | - |
12 | To authorise the Directors to determine the remuneration of the auditors | 327,350,417 | 100 | - | - | 327,350,417 | - |
13 | To authorise the Directors to allot shares | 289,940,208 | 88.57 | 37,410,209 | 11.43 | 327,350,417 | - |
14 | To disapply pre-emption rights*** | 324,823,368 | 99.23 | 2,527,049 | 0.77 | 327,350,417 | - |
15 | To authorise the Company to purchase its own shares*** | 327,275,532 | 99.98 | 74,885 | 0.02 | 327,350,417 | - |
16 | To authorise the Company to make political donations | 327,312,948 | 99.99 | 37,469 | 0.01 | 327,350,417 | - |
17 | To authorise the Company to hold general meetings on 14 days' notice*** | 326,101,151 | 99.62 | 1,249,266 | 0.38 | 327,350,417 | - |
18 | That the rules of the AO World 2016 Employee Reward Plan (the "Plan") be approved and the Directors be authorised to make modifications and establish further plans based on the Plan. | 327,276,850 | 99.98 | 67,517 | 0.02 | 327,344,367 | 6,050 |
* Includes those votes giving the Chairman discretion
** A vote 'Withheld' has no legal effect and is not counted in the votes 'For' and 'Against' a resolution
*** Passed as special resolutions
The maximum number of votes cast was 327,350,417 representing 77.7% of the Company's issued share capital of 421,052,631 as at 6pm on 19 July 2016.
In accordance with Listing Rule 9.6.2, copies of all the resolutions passed as special business have been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM
Enquiries:
AO World plc
Julie Finnemore
Company Secretary
Tel: +44(0)1204 672400