TIDMDC.
RNS Number : 3907L
Dixons Carphone PLC
05 September 2019
5 September 2019
DIXONS CARPHONE PLC
ANNUAL GENERAL MEETING 2019 - POLL RESULTS
The Board of Dixons Carphone plc ('the Company') is pleased to
announce that all the resolutions put to its Annual General Meeting
held at 11:00am on Thursday 5 September 2019, were duly passed by
the requisite majorities on a poll.
The results of the polls were as follows:
Resolutions Votes For Votes Against Votes Total Issued Votes Withheld
Share
Capital
Voted
Number % Number % Number % Number
----------- ----- ----------- ----- ----------- -------- --------------
To receive the
Annual Report
and Accounts,
including the
strategic report
and the reports
of the directors
and auditor for
the period ended
1. 27 April 2019 964,149,291 99.99 129,414 0.01 964,278,705 82.96% 935,686
------------------------ ----------- ----- ----------- ----- ----------- -------- --------------
To approve the
Directors' Annual
Remuneration
2. Report 738,083,754 76.54 226,263,505 23.46 964,347,259 82.96% 867,132
------------------------ ----------- ----- ----------- ----- ----------- -------- --------------
To approve the
Directors' Remuneration
3. Policy 831,610,451 89.26 100,031,252 10.74 931,641,703 80.15% 33,572,688
------------------------ ----------- ----- ----------- ----- ----------- -------- --------------
To declare a
final dividend
of 4.5p per ordinary
4. share 960,566,776 99.52 4,643,402 0.48 965,210,178 83.04% 4,213
------------------------ ----------- ----- ----------- ----- ----------- -------- --------------
To elect Eileen
Burbidge MBE
5. as a director 965,101,427 99.99 81,320 0.01 965,182,747 83.04% 31,641
------------------------ ----------- ----- ----------- ----- ----------- -------- --------------
To re-elect Alex
Baldock as a
6. director 963,353,376 99.81 1,832,481 0.19 965,185,857 83.04% 28,531
------------------------ ----------- ----- ----------- ----- ----------- -------- --------------
To re-elect Tony
DeNunzio CBE
7. as a director 940,418,094 97.52 23,894,565 2.48 964,312,659 82.96% 901,729
------------------------ ----------- ----- ----------- ----- ----------- -------- --------------
To re-elect Andrea
Gisle Joosen
8. as a director 949,240,761 98.35 15,941,102 1.65 965,181,863 83.04% 32,525
------------------------ ----------- ----- ----------- ----- ----------- -------- --------------
To re-elect Lord
Livingston of
Parkhead as a
9. director 933,871,949 96.76 31,312,432 3.24 965,184,381 83.04% 30,007
------------------------ ----------- ----- ----------- ----- ----------- -------- --------------
To re-elect Jonny
10. Mason as a director 962,449,205 99.72 2,736,844 0.28 965,186,049 83.04% 28,339
------------------------ ----------- ----- ----------- ----- ----------- -------- --------------
To re-elect Fiona
11. McBain as a director 962,173,509 99.70 2,915,952 0.30 965,089,461 83.03% 124,927
------------------------ ----------- ----- ----------- ----- ----------- -------- --------------
To re-elect Gerry
12. Murphy as a director 934,368,653 96.81 30,815,795 3.19 965,184,448 83.04% 29,943
------------------------ ----------- ----- ----------- ----- ----------- -------- --------------
To re-appoint
Deloitte LLP
as auditor of
13. the Company 929,722,046 99.20 7,523,435 0.80 937,245,481 80.63% 27,968,910
------------------------ ----------- ----- ----------- ----- ----------- -------- --------------
Authority for
the directors
to determine
the auditor's
14. remuneration 964,302,295 99.91 898,544 0.09 965,200,839 83.04% 13,549
------------------------ ----------- ----- ----------- ----- ----------- -------- --------------
Authority to
make political
donations not
exceeding GBP25,000
15. in total 857,710,889 92.60 68,512,964 7.40 926,223,853 79.68% 38,990,538
------------------------ ----------- ----- ----------- ----- ----------- -------- --------------
To approve the
Dixons Carphone
Colleague Shareholder
16. Scheme 964,856,895 99.97 315,736 0.03 965,172,631 83.04% 41,757
------------------------ ----------- ----- ----------- ----- ----------- -------- --------------
To approve the
Dixons Carphone
Share Incentive
17. Plan 964,659,312 99.95 517,138 0.05 965,176,450 83.04% 37,938
------------------------ ----------- ----- ----------- ----- ----------- -------- --------------
Authority to
18. allot shares 965,010,811 99.98 175,238 0.02 965,186,049 83.04% 28,342
------------------------ ----------- ----- ----------- ----- ----------- -------- --------------
Authority to
dis-apply pre-emption
19. rights * 964,998,580 99.98 172,329 0.02 965,170,909 83.04% 43,479
------------------------ ----------- ----- ----------- ----- ----------- -------- --------------
Authority for
the Company to
purchase its
20 own shares * 936,813,988 97.08 28,136,396 2.92 964,950,384 83.02% 264,004
------------------------ ----------- ----- ----------- ----- ----------- -------- --------------
Authority to
call general
meetings at short
21. notice * 951,324,537 98.56 13,884,975 1.44 965,209,512 83.04% 4,876
------------------------ ----------- ----- ----------- ----- ----------- -------- --------------
* Special Resolutions
Resolution 2 - Remuneration Report
The Board welcomes the 76.54% vote in favour of our Remuneration
Report, including the support from most of our largest
shareholders. However, despite this vote in favour, the Board
acknowledges that a significant minority of shareholders did not
support this Resolution.
Over the past year we have engaged extensively with our
shareholders and the proxy agencies on our approach to executive
remuneration. The views of our shareholders are important to us and
the feedback we have received has been helpful. The Committee will
seek to consult further with shareholders to understand and discuss
the specific rationale for any votes against our report.
The Remuneration Committee recognises that the appropriate
incentivisation of a new management team embarking on a major
transformation of the business is a difficult judgement.
Our Group Chief Executive and Chief Financial Officer both
deferred 100% of their cash bonus for 2018/19 into share awards
that will not vest for 2 years. The executives volunteered to do
this as they were mindful that the performance of the business and
the progress that is being made with the transformation is not
reflected in the current share price and this was done in order to
align themselves with shareholders.
The Company will continue to seek to consult with its
shareholders and will publish an update on this engagement within
six months of the 2019 AGM.
Notes:
1. The total number of ordinary shares of 0.1p each in issue on
the share register as at the date of meeting was 1,162,360,001 and
all of these have voting rights.
2. Percentages above are rounded to 2 decimal places.
3. A vote 'Withheld' is not a vote in law and is not counted in
the calculation of the proportion of votes 'For' or 'Against' a
resolution, the total votes validly cast or the calculation of the
proportion of issued share capital voted.
In accordance with Listing Rule 9.6.2R, a copy of the
resolutions, other than those concerning ordinary business, passed
at the Annual General Meeting have been submitted to the National
Storage Mechanism and will shortly be available for inspection at
http://www.morningstar.co.uk/uk/NSM.
Further information:
Nigel Paterson, Company Secretary and General Counsel
Tel: +44 (0)20 3110 4411
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END
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