2nd Sep 2008 13:31
GREENE KING PLC
RESULTS OF AGM AND RETIREMENT OF DIRECTOR
At the annual general meeting of Greene King plc held at the Millennium Grandstand, Rowley Mile Racecourse Conference Centre, Newmarket on Tuesday 2 September 2008, the following resolutions were passed, resolutions 1 to 10 as ordinary resolutions and resolutions 11 to 14 as special resolutions.
1. To receive and adopt the report of the directors and the accounts for the fifty-three weeks ended 4 May 2008 and the auditors' report thereon.
2. That the directors' remuneration report (as set out on pages 71 to 77 of the annual report) for the fifty-three weeks ended 4 May 2008 be approved.
3. To declare a final dividend of 18.7p per ordinary share.
4. To re-elect Tim Bridge as a director of the company.
5. To re-elect David Elliott as a director of the company.
6. To re-elect Jane Scriven as a director of the company.
7. To re-elect John Brady as a director of the company.
8. To re-appoint Ernst & Young LLP as auditors of the company until the conclusion of the next annual general meeting.
9. To authorise the directors to determine the remuneration of the auditors of the company.
10. That the authorities and powers conferred on the directors by article 11 of the articles of association of the company be renewed for the period ending on the date of the AGM in 2009 and that for such period the section 80 amount shall be £5,604,835.50.
11. Special resolution
That the authorities and powers conferred on the directors by article 11 of the articles of association of the company be renewed for the period ending on the date of the annual general meeting in 2009 and that for such period the section 89 amount shall be £840,725.
12. Special resolution
That the company be and is hereby unconditionally and generally authorised for the purposes of section 166 of the Companies Act 1985 to make market purchases (within the meaning of section 163 of the Companies Act 1985) of its ordinary shares of 12½p each provided that:
the maximum number of ordinary shares which may be purchased shall be 13,451,605 ordinary shares;
the minimum price (exclusive of expenses) which may be paid for each ordinary share shall be the nominal value of the ordinary shares at the time of purchase; and
the maximum price (exclusive of expenses) which may be paid for each ordinary share shall be 105 per cent of the average of the closing price of the ordinary shares (as derived from the London Stock Exchange Daily Official List) for the five business days immediately preceding the date on which such share is contracted to be purchased; and
that the authority conferred by this resolution shall expire at the conclusion of the AGM in 2009, except in relation to the purchase of shares pursuant to contracts entered into before such expiry whose execution may be wholly or partly after such expiry.
13. Special resolution
That the regulations contained in the document marked "A" submitted to the AGM and initialled for the purpose by the chairman be approved and adopted as the new articles of association of the company, in substitution for and to the exclusion of the existing articles of association with effect from 1 October 2008.
14. Special resolution
That the regulations contained in the document marked "B" submitted to the AGM and initialled for the purpose by the chairman be approved and adopted as the new memorandum of association of the company, in substitution for and to the exclusion of the existing memorandum of association with effect the end of this AGM.
In addition, as previously announced, Howard Phillips, senior independent non-executive director, retired from the board today following the AGM. His role as senior independent non-executive director has been taken over by Norman Murray.
For further information please contact:
Lindsay Keswick
Company Secretary
Tel: 01284 763222
Related Shares:
Greene King