13th May 2011 07:02
RESULTS OF CATLIN GROUP LIMITEDANNUAL GENERAL MEETING VOTING
HAMILTON, Bermuda - All of the resolutions proposed at Catlin Group Limited's Annual General Meeting, held on Thursday 12 May 2011 in Bermuda, were duly passed by shareholders. Proxies were received in respect of 208,431,485 common shares, representing 57.83 per cent of the shares in issue.
The results of the proxy voting on each resolution were as follows:
Resolution | VotesFor | Proxy Holder's Discretion | VotesAgainst | VotesWithheld | |
1. | To receive the Annual Report & Accounts | 190,114,651 | 27,754 | 3,077,181 | 15,211,899 |
2. | To approve the Directors' Remuneration Report | 167,460,450 | 16,073 | 36,868,167 | 4,086,792 |
3. | To re-appoint PricewaterhouseCoopers LLP as Auditors | 205,566,156 | 95,904 | 2,251,395 | 518,030 |
4. | To authorise the Board to establish auditors' remuneration | 205,684,224 | 95,904 | 2,140,425 | 510,932 |
5. | To appoint Sir Graham Hearne | 207,304,944 | 93,654 | 520,835 | 512,052 |
6. | To appoint Mr Stephen Catlin | 207,313,211 | 93,654 | 512,568 | 512,052 |
7. | To appoint Mr Benjamin Meuli | 207,313,211 | 92,816 | 513,406 | 512,052 |
8. | To appoint Mr Guy Beringer | 199,648,169 | 92,816 | 935,843 | 7,754,657 |
9. | To appoint Mr Jean Claude Damerval | 199,285,514 | 93,654 | 1,297,660 | 7,754,657 |
Resolution | VotesFor | Proxy Holder's Discretion | VotesAgainst | VotesWithheld | ||||
10. | To appoint Mr Kenneth Goldstein | 207,208,266 | 93,654 | 617,513 | 512,052 | |||
11. | To appoint Mr Robert Gowdy | 207,214,072 | 93,654 | 611,707 | 512,052 | |||
12. | To appoint Mr Nicholas Lyons | 206,512,880 | 92,816 | 1,313,737 | 512,052 | |||
13. | To appoint Mr Bruce Carnegie-Brown | 199,649,461 | 95,904 | 931,463 | 7,754,657 | |||
14. | To authorise the Board to allot shares | 203,430,263 | 95,904 | 3,941,682 | 963,636 | |||
15. | To disapply pre-emption rights in limited circumstances | 207,786,410 | 94,154 | 31,941 | 518,980 | |||
16. | To authorise market purchases of shares in limited circumstances | 206,772,584 | 96,404 | 14,460 | 512,052 | |||
A 'Vote Withheld' is not a vote in law and is not counted in the votes 'For' and 'Against' a resolution.
Resolutions 1-14 were ordinary resolutions and Resolutions 15 and 16 were special resolutions.
A copy of the resolutions has been submitted to the UK Listing Authority National Storage Mechanism and is now available at www.hemscott.com/nsm.do.
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For more information contact:
Media Relations: | ||
James Burcke, Head of Communications, London | Tel: Mobile: E-mail: | +44 (0)20 7458 5710 +44 (0)7958 767 738
|
Liz Morley, Maitland | Tel: E-mail: | +44 (0)20 7379 5151
|
Investor Relations: | ||
William Spurgin, Head of Investor Relations, London | Tel: Mobile: E-mail: | +44 (0)20 7458 5726 +44 (0)7710 314 365 |
Notes to editors:
1. Catlin Group Limited, headquartered in Bermuda, is an international specialist property/casualty insurer and reinsurer writing more than 30 classes of business worldwide through six underwriting hubs. Gross premiums written in 2010 amounted to US$4.1 billion.
2. Catlin has established operating hubs in London, Bermuda, the United States, the Asia-Pacific region, Europe and Canada. Through these hubs, Catlin works closely with policyholders and their brokers. The hubs also provide Catlin with product and geographic diversity. Altogether, Catlin operates more than 50 offices in 20 countries.
3. Catlin's underwriting units are rated 'A' by A.M. Best and Standard & Poor's.
4. Catlin shares are traded on the London Stock Exchange (ticker symbol: CGL). More information about Catlin can be found at www.catlin.com.
5. Catlin is the title sponsor of the Catlin Arctic Survey, an ongoing scientific project in the Arctic whose aim is to produce scientific data that scientists can use to predict the effects of climate change and other environmental changes. More information regarding the 2011 Catlin Arctic Survey, which concluded earlier this month, is available at www.catlinarcticsurvey.com.
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