On the Beach Group PLC Result of Annual General Meeting
26 Gennaio 2024 - 6:34PM
RNS Regulatory News
RNS Number : 1217B
On the Beach Group PLC
26 January 2024
26 January 2024
On The
Beach Group plc (the "Company")
Result of
Annual General Meeting
The Board of the Company announces
that at its Annual General Meeting ("AGM") held today, all the
resolutions considered at the AGM were duly passed by the required
majority by means of a poll vote.
Banking Facility Update
Further to On the Beach's year to
date trading update (FY24) published today, it has today exercised
a £25m accordion pursuant to its existing revolving credit facility
("RCF") agreement. This is in order to support additional volumes
in a growing market and is expected to remain in place for up to 18
months.
The results of the poll votes on the
AGM resolutions are shown in the table below:
|
|
Resolution
|
Votes
for
|
Votes
against
|
Total votes cast (excl.
withheld)
|
Votes withheld
|
|
|
|
No. of votes
|
% of vote
|
No. of votes
|
% of vote
|
No. of
votes
|
No. of
votes
|
|
1.
|
To receive the report &
accounts
|
110,634,124
|
99.99
|
5,569
|
0.01
|
110,639,693
|
510,036
|
|
2.
|
To approve the Directors'
remuneration report
|
100,721,123
|
92.78
|
7,840,165
|
7.22
|
108,561,288
|
2,588,441
|
|
3.
|
To re-appoint Richard
Pennycook
|
108,284,048
|
97.87
|
2,355,013
|
2.13
|
110,639,061
|
510,668
|
|
4.
|
To re-appoint Simon Cooper as a
Director
|
109,633,735
|
98.65
|
1,505,275
|
1.35
|
111,139,010
|
10,719
|
|
5.
|
To re-appoint Shaun
Morton
|
109,638,686
|
98.65
|
1,503,058
|
1.35
|
111,141,744
|
7,985
|
|
6.
|
To re-appoint David Kelly as a
Director
|
110,297,705
|
99.24
|
844,038
|
0.76
|
111,141,743
|
7,986
|
|
7.
|
To re-appoint Elaine O'Donnell as a
director
|
110,296,905
|
99.24
|
844,838
|
0.76
|
111,141,743
|
7,986
|
|
8.
|
To re-appoint Justine Greening as a
director
|
105,300,501
|
94.75
|
5,840,253
|
5.25
|
111,140,754
|
8,975
|
|
9.
|
To appoint Zoe Harris as a
director
|
109,637,886
|
98.65
|
1,503,858
|
1.35
|
111,141,744
|
7,985
|
|
10.
|
To appoint Veronica Sharma as a
director
|
111,135,375
|
99.99
|
6,369
|
0.01
|
111,141,744
|
7,985
|
|
11.
|
To appoint Jon Wormald as a
director
|
109,633,735
|
98.65
|
1,505,275
|
1.35
|
111,139,010
|
10,719
|
|
12.
|
To re-appoint Ernst & Young LLP
as auditors
|
110,631,183
|
99.54
|
508,458
|
0.46
|
111,139,641
|
10,088
|
|
13.
|
To authorise the directors to
determine the auditor's remuneration
|
111,136,599
|
99.99
|
5,776
|
0.01
|
111,142,375
|
7,354
|
|
14.
|
To authorise the directors to allot
shares
|
107,246,402
|
96.50
|
3,893,239
|
3.50
|
111,139,641
|
10,088
|
|
15.
|
To authorise political
donations
|
109,824,103
|
98.81
|
1,318,272
|
1.19
|
111,142,375
|
7,354
|
|
16.
|
To dis-apply statutory pre-emption
rights
|
110,467,127
|
99.40
|
670,183
|
0.60
|
111,137,310
|
12,419
|
|
17.
|
To dis-apply statutory pre-emption
rights (acquisition or capital investment)
|
109,212,748
|
98.27
|
1,924,562
|
1.73
|
111,137,310
|
12,419
|
|
18.
|
To authorise the purchase of own
shares
|
110,619,019
|
99.55
|
503,356
|
0.45
|
111,122,375
|
27,354
|
|
19.
|
To reduce the notice period required
for General Meetings
|
109,536,124
|
98.56
|
1,601,816
|
1.44
|
111,137,940
|
11,789
|
Notes:
1. A 'Vote
withheld' is not a vote in law and is not counted in the
calculation of the proportion of the votes 'For' and 'Against' any
resolution.
2. The
Company's total ordinary shares in issue (total voting rights) as
at the date of the AGM was 166,718,520 ordinary shares of £0.01
each. Ordinary shareholders are entitled to one vote per ordinary
share held.
3.
Resolutions 16 to 19 were passed as special resolutions.
4. In
accordance with paragraph 9.6.2 of the LSE Listing Rules, a copy of
the resolutions passed as special business at the AGM have been
submitted to the National Storage Mechanism and will shortly be
available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
|
For
further information:
On
the Beach Group plc
Shaun Morton, Chief Executive
Officer
Jon Wormald, Chief Financial
Officer
Kirsteen Vickerstaff, Company
Secretary
|
c/o
FTI Consulting
|
|
FTI
Consulting
Alex Beagley
Fiona Walker
Harriet Jackson
|
Tel:
+44 (0)20 3727 1000
|
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