29th Aug 2008 15:57
Headline: Results of AGM
Stagecoach Group plc (the "Company") confirms that at the Annual General Meeting ("AGM") held today, 29 August 2008, Shareholders duly passed all the resolutions proposed on a show of hands.
Resolutions 1 to 12 were passed as Ordinary Resolutions and Resolutions 13 to 15 were passed as Special Resolutions.
Proxy appointments were validly made in respect of 507,436,218 Ordinary Shares, being 70.6 per cent. of the issued share capital of the Company as at the time of the AGM.
The proxy votes received in respect of each of the resolutions were as follows. The number of votes received as a percentage of the shares in issue as at the time of the AGM is shown below.
|
For |
Against |
Votes Withheld* |
|
|
Resolution 1 - To receive and adopt the Company's Annual Report, including the Directors' report, the Auditors' report and the financial statements for the year ended 30 April 2008 |
505,829,640 (70.3%) |
1,021,046 (0.1%) |
585,532 (0.1%) |
|
Resolution 2 - To receive and approve the Directors' remuneration report for the financial year ended 30 April 2008 |
502,848,466 (69.9%) |
826,074 (0.1%) |
3,671,677 (0.5%) |
|
Resolution 3 - To declare a final dividend of 4.05p per ordinary share |
507,366,528 (70.6%) |
42,858 (0.0%) |
26,832 (0.0%) |
|
Resolution 4 - To re-elect Ewan Brown as a Director |
502,464,736 (69.9%) |
4,878,695 (0.7%) |
92,787 (0.0%) |
|
Resolution 5 - To re-elect Iain Duffin as a Director |
505,205,754 (70.3%) |
2,144,403 (0.3%) |
86,061 (0.0%) |
|
Resolution 6 - To re-elect Ann Gloag as a Director |
504,126,376 (70.1%) |
3,259,434 (0.5%) |
50,408 (0.0%) |
|
Resolution 7 - To re-elect Robert Speirs as a Director |
503,908,386 (70.1%) |
3,464,077 (0.5%) |
63,755 (0.0%) |
|
Resolution 8 - To re-elect Brian Souter as a Director |
505,288,468 (70.3%) |
2,105,306 (0.3%) |
42,444 (0.0%) |
|
Resolution 9 - To re-appoint PricewaterhouseCoopers LLP as auditors of the Company |
506,193,661 (70.4%) |
1,161,370 (0.2%) |
81,187 (0.0%) |
|
Resolution 10 - To authorise the Directors to determine the auditors' remuneration |
506,347,548 (70.4%)
|
1,016,233 (0.1%) |
72,437 (0.0%) |
|
Resolution 11 - To approve changes to the Stagecoach SAYE scheme |
498,597,492 (69.3%) |
2,386,374 (0.3%) |
6,452,352 (0.9%) |
|
Resolution 12 - To authorise the directors to allot relevant securities |
500,441,926 (69.6%) |
6,873,268 (1.0%) |
121,024 (0.0%) |
|
Resolution 13 - To approve the disapplication of pre-emption rights |
496,959,778 (69.1%) |
10,135,843 (1.4%)
|
340,597 (0.0%)
|
|
Resolution 14 - To renew the share buy-back authority |
506,739,562 (70.5%) |
572,562 (0.1%) |
124,094 (0.0%) |
|
Resolution 15 - To adopt new Articles of Association |
495,915,641 (69.0%) |
10,991,944 (1.5%) |
528,633 (0.1%) |
*A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "for" and "against" a resolution.
Two copies of the resolutions and the Company's new Articles of Association have been submitted today to the Financial Services Authority and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at The Financial Services Authority, 25 The North Colonnade, Canary Wharf, London, E14 5HS.
For further information, please contact:
Stagecoach Group plc www.stagecoachgroup.com
Ross Paterson, Company Secretary 01738 442111
Steven Stewart, Director of Corporate Communications 01738 442111
Related Shares:
SGC.L