Source - LSE Regulatory
RNS Number : 4461Y
National Express Group PLC
12 May 2021
 

NATIONAL EXPRESS GROUP PLC

Result of AGM - 12 May 2021

National Express Group PLC (the "Company") held its Annual General Meeting ("AGM") today at 2.00pm. All resolutions at the AGM were put to the meeting on a poll and were passed with the requisite majority. The full results are detailed below. 

As at 6.30pm on Monday 10 May 2021, the time by which shareholders who wanted to vote at the AGM must have been entered on the Company's register of members, there were 614,086,377 ordinary shares of 5 pence each in issue.  Shareholders are entitled to one vote per share on a poll.

 

 

 Resolution

VOTES FOR

 

VOTES AGAINST

% of ISC voted

Number of votes withheld

No. of shares

%

No. of shares

%

1

To receive and adopt the accounts of the Company for the year ended 31 December 2020 and the Directors' and Auditors' Reports thereon

494,939,220

99.99

35,546

0.01

80.60%

397,226

2

To approve the Annual Report on Remuneration (advisory vote only)

278,941,439

59.34

191,156,685

40.66

76.55%

23,473,868

3

To approve the Directors' Remuneration Policy

339,520,411

72.57

128,310,745

27.43

76.18%

27,540,836

4

To re-elect Sir John Armitt as a Director

487,973,999

98.51

7,375,778

1.49

80.66%

22,215

5

To re-elect Jorge Cosmen as a Director

486,667,556

98.25

8,686,333

1.75

80.67%

18,103

6

To re-elect Matthew Crummack as a Director

463,239,152

93.52

32,108,466

6.48

80.66%

24,374

7

To re-elect Chris Davies as a Director

494,656,559

99.86

691,146

0.14

80.66%

24,287

8

To elect Ignacio Garat as a Director

494,750,082

99.88

605,075

0.12

80.67%

16,835

9

To re-elect Karen Geary as a Director

463,252,586

93.52

32,103,665

6.48

80.67%

15,741

10

To re-elect Ana de Pro Gonzalo as a Director

488,153,833

98.55

7,202,418

1.45

80.67%

15,741

11

To re-elect Mike McKeon as a Director

488,154,076

98.55

7,194,468

1.45

80.66%

23,448

12

To re-elect Dr Ashley Steel as a Director

450,564,023

90.96

44,790,366

9.04

80.67%

17,603

13

To re-appoint Deloitte LLP as the Company's auditor

475,531,294

96.00

19,812,211

4.00

80.66%

28,487

14

To authorise the Directors to fix the auditor's remuneration

495,318,620

99.99

28,403

0.01

80.66%

24,969

15

To authorise political donations and expenditure

488,012,887

98.52

7,328,237

1.48

80.66%

30,868

16

To authorise the Directors to allot shares

467,696,609

94.42

27,664,593

5.58

80.67%

10,790

17

To give the Directors power to disapply pre-emption rights - general

471,110,807

96.82

15,470,359

3.18

79.24%

8,790,826

18

To give the Directors power to disapply pre-emption rights - specific

399,580,549

82.12

86,993,143

17.88

79.24%

8,798,300

19

To authorise the Company to purchase its own shares

475,307,789

95.99

19,881,157

4.01

80.64%

183,046

20

To call General Meetings (other than AGMs) on 14 clear days' notice

481,104,836

97.12

14,257,209

2.88

80.67%

9,947

  

NOTES:  

 1.   The 'For' vote includes those giving the Chairman discretion.

2.   Votes 'Withheld' are not counted in the calculation of the proportion of votes 'For' or 'Against' a resolution.

3.   Resolutions 1 to 16 were ordinary resolutions which required a majority of votes cast to be in favour.  

4.   Resolutions 17 to 20 were special resolutions which required at least 75% of votes cast to be in favour.  

5.   In accordance with Listing Rule 9.6.2R, copies of the resolutions passed as special business will shortly be available for inspection on the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism 

6.  The voting results shown above are also available on the Company's website at https://www.nationalexpressgroup.com/investors/agm


The National Express Board is pleased to note that all resolutions were passed with the requisite majority of votes and welcomes the overwhelming support of the Company's shareholders for the majority of the resolutions proposed.

Following consultation with the our major shareholders during 2020 and in the lead up to the AGM, the Board is also grateful for the support of the majority of its shareholders, including its largest shareholders, for the resolutions proposed on the Company's Annual Remuneration Report and its new Directors' Remuneration Policy.

In making its Executive Director pay decisions in 2020 and devising the new Remuneration Policy for Directors, the Board was acutely aware of the sensitivities around executive remuneration in the prevailing environment and balanced these concerns with the need to retain and incentivise a strong management team to continue to steer the Company through the recovery from the Covid pandemic.

We value an open and transparent dialogue with our shareholders and we will continue to engage with them to ensure all views are understood and respected and taken into consideration in applying  the new Directors' Remuneration Policy going forwards. In accordance with the UK Corporate Governance Code we will publish an update on this engagement within six months of the AGM.

 

END

Company contacts:

Jennifer Myram, Company Secretary

Telephone +44 (0)20 7805 3807

Alice Rivers, Interim Deputy Company Secretary

Telephone +44 (0) 07834 326010

Notes

Legal Entity Identifier: 213800A8IQEMY8PA5X34

Classification: 3.1 (with reference to DTR6 Annex 1R)

 

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