IFG Group PLC Result of AGM (5610N)
May 09 2018 - 11:08AM
UK Regulatory
TIDMIFP
RNS Number : 5610N
IFG Group PLC
09 May 2018
IFG Group plc
Result of Annual General Meeting
9 May 2018
Result of Annual General Meeting:
The Annual General Meeting ("AGM") of IFG Group plc (the
"Company") was held today at the Marker Hotel, Docklands, Dublin 2,
Ireland at 12.00p.m.
The Directors of the Company wish to announce that all
resolutions proposed at the AGM were passed. All resolutions were
approved on a show of hands at the meeting. The results of the
proxy votes received in advance of the meeting are reported
below.
No. Resolution For Against Withheld
Approving the 2017 report of
Directors, financial statements
and the independent auditors
1. report 65,038,216 20,575 5,000
(99.97%) (0.03%)
------------------------------------ -------------- ---------- ---------
2. Re-election of John Gallagher N/A N/A N/A
as a Director *
------------------------------------ -------------- ---------- ---------
3. Re-election of Mark Dearsley All in favour N/A N/A
as a Director **
------------------------------------ -------------- ---------- ---------
Re-election of David Paige as
4. a Director 65,025,830 37,961 0
(99.94%) (0.06%)
------------------------------------ -------------- ---------- ---------
Re-election of Colm Barrington
5. as a Director*** 43,333,682 13,136,371 8,593,738
(76.74%) (23.26%)
------------------------------------ -------------- ---------- ---------
Re-Election of Robin Phipps as
6. a Director 65,005,718 49,859 8,214
(99.92%) (0.08%)
------------------------------------ -------------- ---------- ---------
Re-Election of Peter Priestley
7. as a Director 65,005,718 49,859 8,214
(99.92%) (0.08%)
------------------------------------ -------------- ---------- ---------
Re-Election of Kathryn Purves
8. as a Director 65,025,693 38,098 0
(99.94%) (0.06%)
------------------------------------ -------------- ---------- ---------
Re-Election of Cara Ryan as a
9. Director 65,025,419 38,372 0
(99.94%) (0.06%)
------------------------------------ -------------- ---------- ---------
Agreeing the remuneration of
10. the Auditors 65,036,812 26,339 640
(99.96%) (0.04%)
------------------------------------ -------------- ---------- ---------
Allotting of relevant securities
11. - section 1021 authority 65,016,367 40,504 6,920
(99.94%) (0.06%)
------------------------------------ -------------- ---------- ---------
Allotting of equity securities
- section 1023 authority (Special
12. Resolution) 65,016,367 40,504 6,920
(99.94%) (0.06%)
------------------------------------ -------------- ---------- ---------
Authorisation to repurchase certain
of the Company's shares (Special
13. Resolution) 65,041,169 21,982 640
(99.97%) (0.03%)
------------------------------------ -------------- ---------- ---------
Setting of price range of treasury
14. Shares (Special Resolution) 64,992,241 65,878 5,672
(99.90%) (0.10%)
------------------------------------ -------------- ---------- ---------
* This resolution was retracted as John Gallagher stepped down
from the Board following the conclusion of the AGM.
** This resolution replaced the resolution in relation to the
re-appointment of John Cotter. Mr Dearsley was co-opted to the
Board on 17(th) April 2018. This vote was carried out by the show
of hands.
*** The Board notes that although resolution 5 was passed with
the requisite majority, 23.26% of votes received were against the
resolution. Following shareholder feedback, it is understood that
the votes against Colm Barrington were largely due to a concern
that Mr Barrington was over-committed to other duties, by virtue of
his other directorships. However, the Company believes that Mr
Barrington has proven able and willing to allocate sufficient time
to the Company to discharge his responsibilities as a Non-Executive
Director, having attended and contributed to all Board and
Nomination Committee meetings during 2017. Mr Barrington continues
to show his commitment to IFG and has demonstrated that he is able
to allocate his time effectively in order to provide the time and
attention that the Company requires of him as Non-Executive
Director.
The recommendation for Mr Barrington's re-appointment as
director was made with due consideration to the advantage of having
a board member with extensive commercial experience, significant
experience and familiarity in relation to IFG and, hence, an
in-depth understanding of the ongoing challenges that the Company
and the Board faces. Mr Barrington has continued to provide a
valuable contribution to the Board and Nomination Committee,
therefore the Board agreed that it was in the best interest of the
shareholders to re-appoint Mr Barrington as director.
Notes:
1. All resolutions were passed.
2. The "Vote Withheld" option is provided to enable abstention
on any particular resolution. However, it should be noted that 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.
3. The full text of each resolution was included in the notice
of the AGM circulated to shareholders on 9 April 2018.
4. The total voting rights of the Company on the day on which
the shareholders had to be on the register in order to be eligible
to vote was 105,405,665.
5. In accordance with the Listing Rules, copies of the
resolutions passed at the AGM have been forwarded to both the Irish
Stock Exchange and the UK's National Storage Mechanism and are
available for inspection at the following locations:
Companies Announcement Office
Irish Stock Exchange
28 Anglesea Street
Dublin 2
Ireland
And
http://www.morningstar.co.uk/uk/NSM
Vinotha Anthony
Company Secretary
IFG Group plc
Tel: +44 203 887 6173
E Mail: vinotha.anthony@ifggroup.com
This information is provided by RNS
The company news service from the London Stock Exchange
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