5th May 2016 14:15
LADBROKES PLC
Result of Annual General Meeting
Ladbrokes plc (the "Company") announces that the following resolutions were duly passed at the Company's Annual General Meeting which was held on 5 May 2016 at Deutsche Bank AG. The results of the poll are as follows:
Resolution | Total For | Total Against | Votes Withheld(1) | |||
No. of votes | % of votes | No. of votes | % of votes | No. of votes | ||
1. | To receive and adopt the report and accounts for 2015 | 704,136,499 | 99.98 | 130,728 | 0.02 | 150,649 |
2. | To approve the Directors' remuneration report | 379,672,923 | 57.92 | 275,865,755 | 42.08 | 48,878,365 |
3. | To declare a final dividend
| 701,761,614 | 99.63 | 2,636,894 | 0.37 | 23,632 |
4. | To appoint Jim Mullen as a director | 703,738,731 | 99.92 | 595,747 | 0.08 | 87,716 |
5. | To appoint Mark Pain as a director | 701,021,013 | 99.53 | 3,281,080 | 0.47 | 113,801 |
6. | To re-appoint John Kelly as a director | 703,668,024 | 99.91 | 636,756 | 0.09 | 117,387 |
7. | To re-appoint Christine Hodgson as a director | 703,694,800 | 99.91 | 635,143 | 0.09 | 92,369 |
8. | To re-appoint Sly Bailey as a director | 703,560,902 | 99.90 | 732,540 | 0.10 | 128,642 |
9. | To re-appoint David Martin as a director | 699,453,072 | 99.31 | 4,850,176 | 0.69 | 116,929 |
10. | To re-appoint Richard Moross as a director(2) | WITHDRAWN | ||||
11. | To re-appoint PricewaterhouseCoopers LLP as auditor | 694,188,830 | 98.55 | 10,184,557 | 1.45 | 48,280 |
12. | To authorise the directors to agree the auditor's remuneration | 699,460,375 | 99.30 | 4,913,621 | 0.70 | 48,316 |
13. | To authorise political donations and expenditure | 699,166,185 | 99.27 | 5,117,032 | 0.73 | 122,627 |
14. | To authorise the directors to allot shares | 635,339,437 | 90.20 | 68,989,863 | 9.80 | 92,377 |
15. | To disapply pre-emption rights
| 607,073,339 | 86.21 | 97,125,686 | 13.79 | 223,287 |
16. | To authorise the Company to purchase its own shares | 699,966,033 | 99.38 | 4,375,762 | 0.62 | 80,517 |
17. | To authorise the calling of general meetings (excluding annual general meetings) by notice of at least 14 clear days | 686,113,731 | 97.41 | 18,268,643 | 2.59 | 33,187 |
18. | To adopt new Articles of Association | 702,843,425 | 99.97 | 228,073 | 0.03 | 1,349,801 |
(1) A 'vote withheld' is not a vote in law and is not counted in the calculation of votes 'For' or 'Against' a resolution.
(2) As announced on 25 April 2016, Richard Moross stepped down as a non-executive director with effect from 5 May 2016. Resolution 10 was therefore withdrawn.
The Board notes the vote in respect of the Directors 'Remuneration Report. Ladbrokes understands the concerns expressed by some shareholders towards the termination arrangement with Ian Bull. The Board is very aware of shareholder observations and these will play a key part in the Board's thinking as remuneration is considered for the business going forward and the potential merger with Coral.
As at 5 May 2016, the issued share capital of the Company was 1,018,411,755 ordinary shares of 28⅓ pence each (excluding shares held in treasury).
In accordance with Listing Rule 9.6.2, copies of the resolutions passed as special business will be submitted to the National Storage Mechanism and will be available for viewing at www.Hemscott.com/nsm.do.
The results will also be made available on the Company's website at www.ladbrokesplc.com/agm.
Adrian Bushnell
Company Secretary
Related Shares:
Ladbrokes Coral