21st May 2020 12:22
21 May 2020
Hastings Group Holdings plc (the "Company")
Result of Annual General Meeting
At the Annual General Meeting of the Company held today, all the resolutions set out in the Notice of Meeting were approved by the shareholders, which were voted by way of a poll. The results of the poll for each resolution were as follows:
Resolution | For | For % | Against | Against % | Withheld |
To receive the Annual report and accounts | 527,620,824 | 100.0000 | 0 | 0.0000 | 318,944 |
To receive and approve the directors' remuneration report | 471,781,505 | 89.3628 | 56,158,263 | 10.6372 | 0 |
To declare the final dividend | 527,939,203 | 99.9999 | 565 | 0.0001 | 0 |
To re-elect Gary Hoffman as a director of the Company | RESOLUTION WITHDRAWN | ||||
To re-elect Tobias van der Meer as a director of the Company | 527,686,572 | 100.0000 | 155 | 0.0000 | 253,041 |
To re-elect Herman Bosman as a director of the Company | 336,455,051 | 66.2605 | 171,320,795 | 33.7395 | 20,163,922 |
To elect Alison Burns as a director of the Company | 479,570,302 | 90.8816 | 48,116,425 | 9.1184 | 253,041 |
To re-elect Elizabeth Chambers as a director of the Company | 479,532,678 | 90.8839 | 48,099,215 | 9.1161 | 307,875 |
To re-elect Thomas Colraine as a director of the Company | 479,602,178 | 90.8877 | 48,084,549 | 9.1123 | 253,041 |
To re-elect Pierre Lèfevre as a director of the Company | 527,686,572 | 100.0000 | 155 | 0.0000 | 253,041 |
To re-elect Teresa Robson-Capps as a director of the Company | 479,584,968 | 90.8844 | 48,101,759 | 9.1156 | 253,041 |
To re-elect Selina Sagayam as a director of the Company | 527,654,696 | 99.9939 | 32,031 | 0.0061 | 253,041 |
To re-elect John Worth as a director of the Company | 527,656,270 | 99.9942 | 30,457 | 0.0058 | 253,041 |
To re-appoint KPMG LLP as auditor | 527,686,504 | 100.0000 | 223 | 0.0000 | 253,041 |
To authorise the directors to agree the auditors' remuneration | 527,626,750 | 99.9886 | 59,990 | 0.0114 | 253,028 |
To authorise the directors to allot shares up to a specified amount | 522,952,124 | 99.0553 | 4,987,644 | 0.9447 | 0 |
To authorise the directors to allot shares for cash without making a pre-emptive offer to shareholders | 527,663,958 | 99.9478 | 275,810 | 0.0522 | 0 |
To authorise the directors to allot further shares (in addition to resolution 16) for cash without making a pre-emptive offer to shareholders in limited circumstances | 525,549,406 | 99.5472 | 2,390,362 | 0.4528 | 0 |
To authorise the directors to make market purchases of shares | 527,626,265 | 99.9520 | 253,429 | 0.0480 | 60,074 |
To allow general meetings to be called on 14 days' notice | 522,950,346 | 99.0549 | 4,989,422 | 0.9451 | 0 |
Please note that a 'vote withheld' is not vote in law and is not counted in the calculation of the proportion of the votes for and against a resolution.
In relation to resolution 6, to re-elect Herman Bosman as a Director of the Company, the Board understands that the votes received against his re-election relate to his attendance record at Board meetings during 2019. The Company was contacted by some shareholders and proxy voting agencies prior to the AGM in relation to this resolution.
The Company's 2019 Annual Report and Accounts (page 82) included the statement: "In relation to the votes cast against Herman, representative of the Company's largest shareholder, Rand Merchant Investment Holdings Limited, the Board understands that this relates to his absence from four Board meetings during 2018. Whilst the Board expects all Directors to be present at all Board meetings, Herman is non-independent and his unavoidable absence on certain occasions did not compromise Board proceedings." Mr Bosman's inability to attend some meetings in 2019 was due to clashes with meetings of other company boards within the RMH and RMI groups; the Company has been advised that his commitments to those will reduce in 2020. Mr. Bosman endeavours to be present at all meetings, and on occasions when he is unable to attend a full meeting, will join by telephone for important agenda items. He continues to provide valuable insight and challenge and is also an important contributor to Board proceedings on strategic matters.
Hastings Group+44 (0) 142 473 8220Tony Leppard, Company Secretary
Instinctif Partners+44 (0) 207 457 2020Tim Linacre
Related Shares:
HSTG.L