RNS Number : 6470N
Hastings Group Holdings plc
21 May 2020
 


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RESOLUTION WITHDRAWN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 8220
Tony Leppard, Company Secretary

 

Instinctif Partners
+44 (0) 207 457 2020
Tim Linacre

 


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