Source - LSE Regulatory
RNS Number : 7555T
Ricardo PLC
17 November 2023
 

Ricardo plc

 

Result of AGM


17th November 2023

 

Ricardo plc - Results of Annual General Meeting

 

Ricardo plc announces that all resolutions proposed at its Annual General Meeting held on 16th November 2023 at 10.00am were duly passed.

 

Results of the Poll taken, are set out below:

 

A vote withheld is not a vote in law and is not counted in the calculation of proportion of votes "For" or "Against" a resolution.

 

 







Issued Share Capital:

62,218,280


 

 

VOTES
FOR

%

VOTES AGAINST

%

VOTES
TOTAL

% of ISC VOTED

WITHHELD VOTES

1

To receive the Annual Report and Accounts

48,906,373

99.99%

2,670

0.01%

48,909,043

78.61%

11,027

2

To approve final dividend

48,774,061

100.00%

1,670

0.00%

48,775,731

78.39%

144,339

3

To re-appoint Auditors

48,765,764

99.98%

8,768

0.02%

48,774,532

78.39%

145,538

4

To fix Auditor's Remuneration

48,909,899

99.99%

6,168

0.01%

48,916,067

78.62%

4,003

5

To re-elect Judith Cottrell as a Director

48,769,278

99.99%

3,670

0.01%

48,772,948

78.39%

147,122

6

To re-elect Graham Ritchie as a Director

47,096,300

96.56%

1,675,580

3.44%

48,771,880

78.39%

148,190

7

To re-elect Mark Clare as a Director

46,448,293

95.23%

2,324,655

4.77%

48,772,948

78.39%

147,122

8

To re-elect Laurie Bowen as a Director

48,398,539

99.24%

371,346

0.76%

48,769,885

78.39%

150,185

9

To re-elect Jack Boyer as a Director

48,398,539

99.24%

371,346

0.76%

48,769,885

78.39%

150,185

10

To re-elect Russell King as a Director

39,624,250

81.24%

9,148,135

18.76%

48,772,385

78.39%

147,685

11

To re-elect Malin Persson as a Director

38,463,842

78.87%

10,306,043

21.13%

48,769,885

78.39%

150,185

12

To re-elect William Spencer as a Director

48,396,749

99.23%

373,136

0.77%

48,769,885

78.39%

150,185

13

To approve the directors' remuneration report 

47,457,971

97.31%

1,312,134

2.69%

48,770,105

78.39%

149,965

14

To approve the directors' remuneration policy

37,722,908

77.12%

11,191,768

22.88%

48,914,676

78.62%

5,394

15

To approve the amendments to the rules of the Ricardo plc 2020 Long Term Incentive Plan

39,017,912

79.77%

9,896,839

20.23%

48,914,751

78.62%

5,319

16

To renew the authority to allot the relevant securities

48,763,010

99.98%

11,374

0.02%

48,774,384

78.39%

145,686

17

To display Pre-Emption Provisions 

48,622,300

99.40%

294,903

0.60%

48,917,203

78.62%

2,867

18

To Authorise Company to Purchase own Shares

48,132,611

99.98%

9,539

0.02%

48,142,150

77.38%

777,920

19

To Convene Meetings on 14 days' notice 

48,740,086

99.64%

178,064

0.36%

48,918,150

78.62%

1,920

 

 

 

The total number of ordinary shares in issue as at 16th November 2023 was 62,218,280, of these 48,920,070 including votes withheld (78.63%) were voted.

 

The Board acknowledges that 21.13% of the votes cast in respect of Resolution 11, (to re-elect Malin Persson as an Director of the Company), 22.88% of the votes cast in respect of Resolution 14, (to approve the Directors' Remuneration Policy) and 20.23% of the votes cast in respect of Resolution 15 (to amend the Long-Term Incentive Plan) were against the Resolutions.

 

With respect to Resolution 14 and 15 the Board recommended the new Policy to shareholders as it reinforces the five-year strategic plan of the Company.

 

The Company will reach out to the shareholders who voted against the Resolution(s) to further understand their position.

 

In accordance with Listing Rule 9.6.2R, a copy of the resolutions, other than those concerning ordinary business, passed by the Company at the AGM held on 16th November 2023 has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

A copy of the voting results shown above will also be made available on the Company's website at www.ricardo.com/en/investors/shareholder-centre/agm

 

 

The Ricardo plc LEI number is 213800ZNYAY35F4XB814

For further information contact: Harpreet Sagoo, General Counsel and Company Secretary, at Harpreet.Sagoo@ricardo.com

 

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END
 
 
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