TIDMDRX
RNS Number : 5240W
Drax Group PLC
17 April 2019
17 April 2019
Drax Group plc
(Symbol: DRX)
Poll Results of the Annual General Meeting
Drax Group plc announces the results of the voting by poll on
the resolutions put to its Annual General Meeting held today,
Wednesday 17 April 2019.
No. Brief Description Votes For % Votes Against % Votes Total Votes Withheld
To receive and adopt
the Annual report
1 and the audited accounts 298,203,436 99.98 52,694 0.02 298,256,130 1,896,896
--------------------------- ------------ ------ -------------- ------ ------------ ---------------
To approve the annual
statement to shareholders
by the Chairman of
the Remuneration
Committee and the
annual report on
2 remuneration 242,114,746 80.67 58,033,489 19.33 300,148,235 4,792
--------------------------- ------------ ------ -------------- ------ ------------ ---------------
To declare the final
dividend of 8.5 pence
3 per share 299,718,692 99.86 432,045 0.14 300,150,737 2,290
--------------------------- ------------ ------ -------------- ------ ------------ ---------------
To elect Vanessa
Simms as a director
4 of the Company 299,288,484 99.72 854,339 0.28 300,142,823 10,095
--------------------------- ------------ ------ -------------- ------ ------------ ---------------
To elect Andy Skelton
as a director of
5 the Company 296,836,219 98.90 3,306,604 1.10 300,142,823 10,095
--------------------------- ------------ ------ -------------- ------ ------------ ---------------
To re-elect Tim Cobbold
as a director of
6 the Company 283,268,798 99.45 1,553,264 0.55 284,822,062 15,330,856
--------------------------- ------------ ------ -------------- ------ ------------ ---------------
To re-elect Philip
Cox as a director
7 of the Company 271,373,835 95.28 13,448,240 4.72 284,822,075 15,330,842
--------------------------- ------------ ------ -------------- ------ ------------ ---------------
To re-elect Will
Gardiner as a director
8 of the Company 299,372,150 99.74 776,465 0.26 300,148,615 4,303
--------------------------- ------------ ------ -------------- ------ ------------ ---------------
To elect Nicola Hodson
as a director of
9 the Company 272,230,810 96.08 11,113,143 3.92 283,343,953 16,808,965
--------------------------- ------------ ------ -------------- ------ ------------ ---------------
To re-elect Andy
Koss as a director
10 of the Company 298,771,885 99.54 1,378,319 0.46 300,150,204 2,714
--------------------------- ------------ ------ -------------- ------ ------------ ---------------
To elect David Nussbaum
as a director of
11 the Company 283,265,485 99.45 1,555,577 0.55 284,821,062 15,331,856
--------------------------- ------------ ------ -------------- ------ ------------ ---------------
To re-elect Tony
Thorne as a director
12 of the Company 283,267,989 99.45 1,555,087 0.55 284,823,076 15,329,842
--------------------------- ------------ ------ -------------- ------ ------------ ---------------
To re-appoint Deloitte
13 LLP as auditor 288,369,385 96.55 10,295,550 3.45 298,664,935 1,488,091
--------------------------- ------------ ------ -------------- ------ ------------ ---------------
Authority to determine
14 auditor's remuneration 294,883,991 98.25 5,258,008 1.75 300,141,999 11,028
--------------------------- ------------ ------ -------------- ------ ------------ ---------------
Authority to make
EU political donations
15 to a specified limit 166,635,963 58.23 119,520,040 41.77 286,156,003 13,997,023
--------------------------- ------------ ------ -------------- ------ ------------ ---------------
Authority to allot
16 shares 297,299,575 99.05 2,842,145 0.95 300,141,720 11,307
--------------------------- ------------ ------ -------------- ------ ------------ ---------------
Authority to make
non pre-emptive share
17 allotments 300,099,658 99.99 40,011 0.01 300,139,669 13,358
--------------------------- ------------ ------ -------------- ------ ------------ ---------------
Authority to purchase
18 own shares 296,031,509 98.82 3,541,542 1.18 299,573,051 579,975
--------------------------- ------------ ------ -------------- ------ ------------ ---------------
Authority to call
a General Meeting
on not less than
19 14 days' notice 293,361,544 97.74 6,784,594 2.26 300,146,138 6,780
--------------------------- ------------ ------ -------------- ------ ------------ ---------------
Resolutions 1 to 19 were carried.
The total number of voting rights in the Company is
394,092,649.
At the 2019 AGM, 41.77% of votes cast by our shareholders were
against Resolution 15, the authority relating to political
donations(1) . It is not the policy of the Group to make donations
to any political party, nor do we provide financial support to
further the aims of any political group or party. In the lead up to
the AGM, we engaged with shareholders on this issue and have
reviewed the feedback. We appreciate the time given and comments
offered which have provided us with a clearer understanding of
shareholder views.
As part of our approach to stakeholder engagement, we believe
that it is in the best interests of the Company to listen and
participate in public debate and opinion-forming on matters which
affect the Company's business. We will continue to engage with
shareholders, to help formulate our approach to such engagement
going forward, and explain why the Board considers the resolution
to be in the best interests of the company and our
shareholders.
Brett Gladden
Company Secretary
Drax Group plc
END
(1) responding to the restrictions imposed by the Political
Parties, Elections and Referendums Act 2000 on companies making
donations to EU political organisations or incurring political
expenditure without shareholder consent.
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END
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April 17, 2019 09:00 ET (13:00 GMT)
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