TIDMESUR
RNS Number : 6328O
esure Group plc
18 May 2018
18 May 2018
esure Group plc
Results of Annual General Meeting
Resolutions passed at Annual General Meeting
Thursday 17 May 2018
esure Group plc (the "Company") announces the results of voting
on the resolutions at its Annual General Meeting ("AGM") held on
Thursday 17 May 2018, as set out in the Notice of Annual General
Meeting.
A poll was held on each resolution and each resolution was
passed by the required majority. Resolutions 1 to 16 as ordinary
resolutions and resolutions 17 to 21 as special resolutions were
passed and the results of the poll were as follows:
Resolution Votes % Votes % Total % of Votes
For Against Votes ISC withheld*
Voted
----------------------------- ------------ ------- ----------- ------ ------------ ------- -----------
To receive
the Company's
Annual Report
1 and Accounts. 306,870,398 98.76 3,844,878 1.24 310,715,276 74.14 22,563
--- ------------------------ ------------ ------- ----------- ------ ------------ ------- -----------
To approve
the Annual
Remuneration
2 Report. 295,825,034 95.25 14,747,800 4.75 310,572,834 74.11 165,005
--- ------------------------ ------------ ------- ----------- ------ ------------ ------- -----------
To declare
a final dividend
of 9.4 pence
3 per share. 310,722,948 100.00 6,498 0.00 310,729,446 74.14 8,394
--- ------------------------ ------------ ------- ----------- ------ ------------ ------- -----------
To reappoint
Shirley Garrood
as a Director
4 of the Company. 309,532,865 99.66 1,045,653 0.34 310,578,518 74.11 159,322
------------ ------- ----------- ------ ------------ ------- -----------
180,923,210 99.43 1,045,653 0.57 181,968,863 62.64 159,322
--- ------------------------ ------------ ------- ----------- ------ ------------ ------- -----------
To reappoint
Darren Ogden
as a Director
5 of the Company. 310,566,922 100.00 11,596 0.00 310,578,518 74.11 159,322
--- ------------------------ ------------ ------- ----------- ------ ------------ ------- -----------
To reappoint
Martin Pike
as a Director
6 of the Company. 297,510,921 96.52 10,712,685 3.48 308,223,606 73.55 2,514,233
------------ ------- ----------- ------ ------------ ------- -----------
168,901,266 94.04 10,712,685 5.96 179,613,951 61.83 2,514,233
--- ------------------------ ------------ ------- ----------- ------ ------------ ------- -----------
To reappoint
Alan Rubenstein
as a Director
7 of the Company. 310,364,020 99.93 212,998 0.07 310,577,018 74.11 160,822
------------ ------- ----------- ------ ------------ ------- -----------
181,754,365 99.88 212,998 0.12 181,967,363 62.64 160,822
--- ------------------------ ------------ ------- ----------- ------ ------------ ------- -----------
To reappoint
Angela Seymour-Jackson
as a Director
8 of the Company. 297,938,637 95.93 12,644,688 4.07 310,583,325 74.11 154,515
------------ ------- ----------- ------ ------------ ------- -----------
169,328,982 93.05 12,644,688 6.95 181,973,670 62.65 154,515
--- ------------------------ ------------ ------- ----------- ------ ------------ ------- -----------
To appoint
Peter Shaw
as a Director
9 of the Company. 310,571,569 100.00 10,988 0.00 310,582,557 74.11 155,283
------------ ------- ----------- ------ ------------ ------- -----------
181,961,914 99.99 10,988 0.01 181,972,902 62.65 155,283
--- ------------------------ ------------ ------- ----------- ------ ------------ ------- -----------
To reappoint
Sir Peter
Wood as a
Director of
10 the Company. 292,672,407 94.23 17,914,956 5.77 310,587,363 74.11 150,476
--- ------------------------ ------------ ------- ----------- ------ ------------ ------- -----------
To reappoint
KPMG LLP as
auditor of
11 the Company. 307,991,462 99.56 1,352,935 0.44 309,344,397 73.81 1,393,442
--- ------------------------ ------------ ------- ----------- ------ ------------ ------- -----------
To authorise
the Directors
to set the
remuneration
12 of the auditor. 310,676,101 99.98 47,037 0.02 310,723,138 74.14 14,701
--- ------------------------ ------------ ------- ----------- ------ ------------ ------- -----------
To authorise
the Company
and its subsidiaries
to make political
13 donations. 310,103,584 99.80 617,113 0.20 310,720,697 74.14 17,143
--- ------------------------ ------------ ------- ----------- ------ ------------ ------- -----------
To authorise
the Directors
14 to allot shares. 309,541,206 99.62 1,186,512 0.38 310,727,718 74.14 10,122
--- ------------------------ ------------ ------- ----------- ------ ------------ ------- -----------
To authorise
the Directors
to allot new
shares in
relation to
an issue of
Solvency II
15 RT1 instruments. 309,819,909 99.71 906,369 0.29 310,726,278 74.14 11,561
--- ------------------------ ------------ ------- ----------- ------ ------------ ------- -----------
To approve
the waiver
granted by
the Panel
under Rule
9 of The Takeover
16 Code. 127,189,263 70.81 52,438,416 29.19 179,627,679 42.86 2,500,505
--- ------------------------ ------------ ------- ----------- ------ ------------ ------- -----------
To give authority
to the directors
to disapply
pre-emption
17 rights. 310,624,111 99.97 92,870 0.03 310,716,981 74.14 20,859
--- ------------------------ ------------ ------- ----------- ------ ------------ ------- -----------
To give additional
authority
to the directors
to disapply
pre-emption
18 rights. 307,461,210 98.95 3,256,195 1.05 310,717,405 74.14 20,434
--- ------------------------ ------------ ------- ----------- ------ ------------ ------- -----------
To give additional
authority
to the directors
to disapply
pre-emption
rights in
relation to
Solvency II
19 instruments. 309,253,848 99.53 1,462,771 0.47 310,716,619 74.14 21,220
--- ------------------------ ------------ ------- ----------- ------ ------------ ------- -----------
To authorise
the Company
to purchase
20 its own shares. 305,370,677 98.34 5,142,441 1.66 310,513,118 74.09 224,721
--- ------------------------ ------------ ------- ----------- ------ ------------ ------- -----------
To authorise
the Company
to call a
general meeting
other than
an annual
general meeting
on not less
than 14 clear
21 days' notice. 306,237,102 98.55 4,491,867 1.45 310,728,969 74.14 8,871
--- ------------------------ ------------ ------- ----------- ------ ------------ ------- -----------
As at the date of the AGM, the number of ordinary shares in
issue, and therefore the total number of voting rights was
419,089,591.
* A 'vote withheld' is not a vote in law and is not counted in
the calculation of the proportion of votes 'for' or 'against' a
resolution. All percentages are calculated to two decimal
places.
All resolutions were passed at the Company's AGM on 17 May 2018
with the requisite majority of votes. However, in respect of
Resolution 16 ("Rule 9 Waiver"), we acknowledge that a number of
our shareholders did not support the resolution.
The Rule 9 Waiver resolution related to shareholder approval of
a waiver obtained from the Takeover Panel with respect to the
obligation that could arise on the Company's Chairman, Sir Peter
Wood, and any person acting in concert with him, for so long as
they held shares in the Company carrying 30 per cent. or more of
the voting rights in the Company, to make a general offer for the
entire issued share capital of the Company as a result of the
Company conducting a share buyback pursuant to shareholder
approval. It is normal practice to include a Rule 9 Waiver
resolution in these circumstances. Sir Peter Wood and any concert
party of Sir Peter Wood were precluded from voting on Resolution
16.
The Company's ability to choose the best capital returns policy
for shareholders and maximise shareholder value would be limited
without the approval of this resolution, as without the Waiver in
place, if the Company performed the exercise of the buyback
authority in Resolution 20, the Company would have to obtain a
waiver at that stage, including calling a General Meeting. By
having the Waiver approved now, it simply keeps the options open
for the Company.
The Board respects and values the views of shareholders and will
assess the feedback it has received to inform future
consultations.
In accordance with Listing Rule 9.6.2, copies of all the
resolutions passed, other than resolutions concerning ordinary
business, will be submitted to the National Storage Mechanism and
be available for inspection at:
http://www.morningstar.co.uk/uk/NSM.
Enquiries:
Alice Rivers
Company Secretary
Telephone: 01737 235504
esure Group plc is listed on the London Stock Exchange
(ESUR)
Registered Office: The Observatory, Reigate, Surrey RH2 0SG
Registered in England and Wales with registered number:
7064312
LEI: 213800KOI3F5LM54PT8
ISIN: GB00B8KJH563
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGMBUGDUSXBBGII
(END) Dow Jones Newswires
May 18, 2018 11:36 ET (15:36 GMT)
Esure (LSE:ESUR)
Historical Stock Chart
From Apr 2024 to May 2024
Esure (LSE:ESUR)
Historical Stock Chart
From May 2023 to May 2024