23rd Sep 2022 12:10
Biffa plc
Results of the Annual General Meeting
Biffa plc, ("the Company") announces that at its Annual General Meeting ("AGM") today, all resolutions proposed were duly passed by shareholders by the majority required on a poll. The full text of each resolution is contained in the 2022 Notice of AGM which is available on the Biffa website www.biffa.co.uk
Biffa AGM Poll Results
The following table shows the total number of votes cast for each resolution:
Resolution | Total No' and % of Votes cast FOR* | Total No' and % of Votes cast AGAINST | Total Number of Votes Cast | Number of Votes WITHHELD+ | |||
1 | Annual Report and Accounts 2022 | 209,769,077 | 100.00 | 5,377 | 0.00 | 209,774,454 | 659,100 |
2 | Dividend | 209,663,666 | 99.64 | 766,867 | 0.36 | 210,430,533 | 3,433 |
3 | Remuneration Report | 157,322,595 | 75.94 | 49,842,986 | 24.06 | 207,165,581 | 3,268,257 |
4 | Election of L Morant | 210,363,540 | 99.99 | 11,936 | 0.01 | 210,375,476 | 20,470 |
5 | Re-election of C Chesney
| 174,235,138 | 82.81 | 36,178,515 | 17.19 | 210,413,653 | 20,185 |
6 | Re-election of K Lever | 149,094,482 | 70.18 | 63,345,266 | 29.82 | 212,439,748 | 20,572 |
7 | Re-election of D Martin | 175,288,887 | 83.31 | 35,126,298 | 16.69 | 210,415,185 | 18,937 |
8 | Re-election of C Miles | 172,471,215 | 81.97 | 37,942,343 | 18.03 | 210,413,558 | 20,564 |
9 | Re-election of R Pike | 206,611,037 | 98.19 | 3,802,746 | 1.81 | 210,413,783 | 20,339 |
10 | Re-election of M Topham | 209,602,684 | 99.61 | 818,041 | 0.39 | 210,420,725 | 15,347 |
11 | Appointment of Auditor | 208,325,120 | 99.97 | 65,589 | 0.03 | 208,390,709 | 2,043,129 |
12 | Remuneration of Auditor | 210,388,453 | 99.99 | 26,511 | 0.01 | 210,414,964 | 18,590 |
13 | Allotment of shares | 201,530,965 | 95.77 | 8,895,888 | 4.23 | 210,426,853 | 6,701 |
14 | Pre-emption rights - General^ | 209,518,905 | 99.59 | 871,377 | 0.41 | 210,390,282 | 43,272 |
15 | Pre-emption rights - Specific^ | 207,484,919 | 98.61 | 2,927,248 | 1.39 | 210,412,167 | 21,387 |
16 | Notice of general meetings^ | 204,660,352 | 97.26 | 5,755,720 | 2.74 | 210,416,072 | 17,476 |
Notes:
* includes discretionary votes
^ special resolution
'+ a vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes counted 'For' or 'Against' a resolution
The total number of shares in issue at the close of business on 22 September 2022 was 306,100,703 ordinary shares of 1 pence each. There are no shares held in Treasury.
The Board notes that resolution 3 (Remuneration Report) and resolution 6 (re-election of K Lever) were passed with the necessary majority but with less than 80% of support. The Board will consult with shareholders who did not vote in favour to understand any concerns.
These results will shortly be available on the Company's website at www.biffa.co.uk and in accordance with Listing Rule 9.6.2, copies of the resolutions that were passed at the meeting and that do not constitute ordinary business at an annual general meeting will be submitted to the National Storage Mechanism and will shortly be available for inspection at www.data.fca.org.uk
S Parsons
Company Secretary
23 September 2022
Enquiries:
Investors
Michael Topham, Chief Executive Officer
Richard Pike, Chief Financial Officer
Media & Analysts
Houston PR
Registered in England and Wales:
10336040
Registered office at:
Coronation Road,
Cressex,
High Wycombe,
Buckinghamshire
HP12 3TZ
Rule 26.1 disclosure
In accordance with Rule 26.1 of The City Code On Takeovers And Mergers, a copy of this announcement will be available (subject to certain restrictions relating to persons resident in restricted jurisdictions) at www.biffa.co.uk/investors/possible-offer by no later than 12 noon (London time) on the business day following the date of this announcement. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.
Related Shares:
BIFF.L