12th Nov 2008 15:05
HAYS PLC ANNUAL GENERAL MEETING 2008 RESULTS OF THE POLL
Hays held its twenty first Annual General Meeting today at the Royal College of Physicians. A poll was held on each Resolution.
All Resolutions were passed and the results are shown below.
POLL RESULTS
The results of the poll are as follows:
Resolution Votes Votes Total Votes For Against
1. To receive/adopt the accounts for the year ended 30 June 2008 958,372,611 4,144,807 962,659,747
2. To declare a final dividend for the year ended 30 June 2008
953,722,359 8,925,364 962,659,747
3. To approve the Board's report on remuneration
498,238,264 424,215,934 962,659,747
4. To re-appoint R J Smelt as a Director of the Company
932,399,174 30,219,431 962,659,747
5. To re-elect C W Eccelshare as a Director of the Company
931,402,341 30,130,251 962,659,747
6. To re-elect P H Stoneham as a Director of the Company
925,356,690 36,172,702 962,659,747
7. To re-elect P Venables as a Director of the Company
961,765,977 844,230 962,659,747
8. To re-appoint Deloitte and Touche LLP as Auditors of the Company 961,161,714 1,466,601 962,659,747
9. To authorise the Directors to determine the Auditors' remuneration 962,213,216 363,751 962,659,747
10. To authorise the Directors to allot Ordinary shares in the Company up 959,681,229 2,927,239 962,659,747 to ‚£4,585,884
11. To authorise the Directors to disapply pre-emption rights
961,139,063 1,454,718 962,659,747
12. To authorise the Company to purchase up to 206,364,799 of its own 957,751,822 2,532,322 962,659,747 shares
13. To amend the Company's Articles of Association
939,778,012 9,485,899 962,659,747
RESOLUTIONS SUBMITTED TO UK LISTING AUTHORITY
Hays plc has today submitted to the UK Listing Authority prints of Resolutions 10, 11, 12 and 13 passed at the Annual General Meeting on 12 November 2008 concerning items other than ordinary business.
These documents will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility which is situated at:-The Financial Services Authority25 The North ColonnadeCanary Wharf London E14 5HS COMMENT The Board notes and takes seriously that a number of our institutionalshareholders have not supported Resolution 3 to approve the Board's report onremuneration for the year ended 30 June 2008. The Board wishes to reiteratethat it believes that re-weighting of the remuneration package towards shorterterm performance targets is necessary in light of the current economicuncertainty and the increasingly limited visibility in the sectors in which theGroup operates. The total incentive potential for senior executives isunchanged and 70% of any annual bonus awarded will be deferred into restrictedshares which will only vest after a minimum of three years from 1 July 2009. Thesechanges are for the year ending 30 June 2009 only. Work is under way todetermine the most appropriate incentive arrangements for future years and theRemuneration Committee will continue to consult with our largest shareholdersin advance of any future changes. ENQUIRIES Hays plcMartin Abell Investor Relations +44 (0) 20 7383 2266BrunswickGill Ackers +44 (0) 20 7404 5959Catherine Colloms 12 November 2008
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