Conduit Holdings Limited ("Conduit Holdings")
Hamilton, Bermuda - 14 May 2021
Results of 2021 AGM
Conduit Holdings (LSE:CRE) announces the result of voting on the resolutions at its Annual General Meeting ('AGM') held on Thursday 13 May 2021. The meeting considered the fourteen resolutions as set out in the AGM Notice dated 19 April 2021 as corrected.
Each of the resolutions was duly passed by the required majority. Resolutions 1 to 12 were passed as ordinary resolutions. Resolutions 13 and 14 were passed as special resolutions. The total number of votes received for each resolution is set out below.
A copy of the special resolutions passed will be submitted to the National Storage Mechanism and available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The number of common shares in issue and the number of voting rights on 11 May 2021 was 165,239,997.
| Resolution | Votes For | % Votes Cast | Votes Against | % Votes Cast | Votes Withheld | Total Votes Cast (excluding Votes Withheld) | % of ISC voted |
| 1. To receive the Company's audited consolidated financial statements for the financial period ended 31 December 2020 and the reports of the Directors and the Auditors thereon (the "Annual Report and Accounts"). | 137,224,888 | 100.00 | 2,040 | 0.00 | 10,000 | 137,226,928 | 83.05 |
| 2. To elect Neil Eckert as a Director of the Company. | 133,903,127 | 98.48 | 2,069,369 | 1.52 | 1,264,432 | 135,972,496 | 82.29 |
| 3. To elect Trevor Carvey as a Director of the Company. | 136,756,228 | 99.66 | 470,700 | 0.34 | 10,000 | 137,226,928 | 83.05 |
| 4. To elect Elaine Whelan as a Director of the Company. | 136,577,470 | 99.53 | 649,458 | 0.47 | 10,000 | 137,226,928 | 83.05 |
| 5. To elect Sir Brian Williamson as a Director of the Company. | 136,949,216 | 99.80 | 277,712 | 0.20 | 10,000 | 137,226,928 | 83.05 |
| 6. To elect Malcolm Furbert as a Director of the Company. | 136,949,216 | 99.80 | 277,712 | 0.20 | 10,000 | 137,226,928 | 83.05 |
| 7. To elect Elizabeth Murphy as a Director of the Company. | 136,949,216 | 99.80 | 277,712 | 0.20 | 10,000 | 137,226,928 | 83.05 |
| 8. To elect Dr Richard L. Sandor as a Director of the Company. | 136,949,216 | 99.80 | 277,712 | 0.20 | 10,000 | 137,226,928 | 83.05 |
| 9. To elect Ken Randall as a Director of the Company. | 136,949,216 | 99.80 | 277,712 | 0.20 | 10,000 | 137,226,928 | 83.05 |
| 10. To re-appoint KPMG Audit Limited as auditors of the Company to hold office until the conclusion of the next general meeting of the Company at which accounts are laid. | 137,236,928 | 100.00 | 0 | 0.00 | 0 | 137,236,928 | 83.05 |
| 11. To authorise the Directors to determine the remuneration of the auditors. | 137,236,928 | 100.00 | 0 | 0.00 | 0 | 137,236,928 | 83.05 |
| 12. To authorise the Allotment of Shares as detailed in the Notice of Meeting. | 136,335,271 | 99.35 | 891,657 | 0.65 | 10,000 | 137,226,928 | 83.05 |
| SPECIAL RESOLUTIONS | | | | | | | |
| 13. To authorise Disapplication of Pre-emption Rights as detailed in the Notice of Meeting. | 137,226,928 | 100.00 | 0 | 0.00 | 10,000 | 137,226,928 | 83.05 |
| 14. To authorise the Purchase of own Common Shares as detailed in the Notice. | 135,583,940 | 98.94 | 1,450,000 | 1.06 | 202,988 | 137,033,940 | 82.93 |
Media contacts
Haggie Partners - David Haggie, Caroline Klein
+44 (0) 207 562 4444
conduitre@haggie.co.uk
Investor relations and other enquiries:
info@conduitreinsurance.com
About Conduit Re
Conduit Re is a pure play global reinsurance business based in Bermuda. Its main operating subsidiary Conduit Reinsurance Limited, is licensed by the Bermuda Monetary Authority as a Class 4 reinsurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of "a-" to Conduit Reinsurance Limited. The outlook assigned to these Credit Ratings (ratings) is stable.
Learn more about Conduit Re:
Website: https://conduitreinsurance.com/
LinkedIn: https://www.linkedin.com/company/conduit-re
Twitter: https://twitter.com/Conduit_Re
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