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easyJet PLC  -  EZJ   

Result of AGM

Released 12:46 08-Feb-2018

RNS Number : 3398E
easyJet PLC
08 February 2018
 



easyJet plc

Results of Annual General Meeting 8 February 2018

easyJet plc is pleased to announce the voting results of its Annual General Meeting ('AGM') held earlier today at Hangar 89, London Luton Airport, Luton, LU2 9PF.  

 

All resolutions, as set out in the Notice of Meeting, were passed with the requisite majority by means of a poll. Resolutions 1 to 16 were each passed as an Ordinary Resolution (requiring a simple majority for them to be passed) and resolutions 17 to 20 were each passed as a Special Resolution (requiring at least a 75% majority for them to be passed). The results of the poll, incorporating proxy votes lodged in advance of the meeting, are set out below:   

 

Resolution

Votes For

Votes Against

Total Votes

% of Issued Share Capital voted

Votes Withheld*

1.   To receive the Annual report and accounts for the year ended 30 September 2017

 

302,347,812

58,685

302,406,497

76.13%

124,392

2.   To approve the Directors' Remuneration Policy report set out in the Annual report and accounts

 

299,660,093

2,831,491

302,491,584

76.15%

40,212

3.   To approve the Annual Statement by the Chairman of the Remuneration Committee and the Annual Report on Remuneration

 

301,234,869

1,257,785

302,492,654

76.15%

36,636

4.   To declare an ordinary dividend 

 

302,503,105

15,598

302,518,703

76.16%

16,731

5.   To re-elect John Barton as a Director

 

299,751,831

2,743,905

302,495,736

76.16%

35,152

6.   To elect Johan Lundgren as a Director

 

302,107,584

389,049

302,496,633

76.16%

34,256

7.   To re-elect Andrew Findlay as a Director

 

301,937,959

551,642

302,489,601

76.15%

39,064

8.   To re-elect Charles Gurassa as a Director

 

301,659,327

821,999

302,481,326

76.15%

48,573

9.   To re-elect Adèle Anderson as a Director

 

 

302,046,086

438,390

302,484,476

76.15%

45,365

10. To re‑elect Dr. Andreas Bierwirth as a Director

 

302,086,231

393,997

302,480,228

76.15%

49,047

11. To elect Moya Greene as a Director

 

301,903,065

575,381

302,478,446

76.15%

49,492

12. To re-elect Andy Martin as a Director

 

301,630,837

846,837

302,477,674

76.15%

52,225

13. To re-appoint PricewaterhouseCoopers LLP as auditors of the Company

 

300,146,164

2,345,665

302,491,829

76.15%

39,638

14. To authorise the Directors to determine the auditors' remuneration

 

302,369,300

124,056

302,493,356

76.15%

35,615

15. To authorise the Company and its subsidiaries to make political donations and incur political expenditure

 

302,052,549

446,094

302,498,643

76.16%

37,580

16. To authorise the Directors to allot shares

 

302,168,774

318,075

302,486,849

76.15%

45,378

17. To disapply statutory pre-emption rights*

 

302,160,051

289,860

302,449,911

76.14%

74,188

18. To authorise the Company to purchase its own shares*

 

300,722,840

1,700,605

302,423,445

76.14%

109,053

19. To adopt new Articles of Association*

 

302,356,621

122,830

302,479,451

76.15%

45,267

20. To authorise the Company to call general meetings, other than annual general meetings, on not less than 14 clear days' notice*

 

292,654,900

9,842,270

302,497,170

76.16%

32,156

*A vote withheld is not a vote in law and is not counted towards votes cast "For" or "Against" a resolution.

** Special Resolutions requiring a 75% majority

Votes excluding controlling shareholders on the resolutions concerning the election or re-election of the independent Non-executive Directors

 

Resolution

Votes For

Votes Against

Total Votes

% of Issued Share Capital voted

Votes Withheld*

8.   To re-elect Charles Gurassa as a Director

 

170,137,828

821,999

170,959,827

64.35%

48,573

9.   To re-elect Adèle Anderson as a Director

 

170,524,587

438,390

170,962,977

64.35%

45,365

10. To re‑elect Dr. Andreas Bierwirth as a Director

 

170,564,732

393,997

170,958,729

64.35%

49,047

11. To elect Moya Greene as a Director

 

170,381,566

575,381

170,956,947

64.35%

49,492

12. To re-elect Andy Martin as a Director

 

170,109,338

846,837

170,956,175

64.35%

52,225

In accordance with Listing Rule 9.2.2E, Resolutions 8-12  inclusive were approved by: (a) the shareholders of the Company; and (b) the independent shareholders of the Company.

The total voting rights of the Company on the day on which shareholders had to be on the register in order to be eligible to vote was 397,208,133.

 

Speaking at the Company's Annual General Meeting in Luton today, John Barton, Chairman of easyJet plc, said:

 

"As you all know Brexit is one of the biggest issues facing the European airline industry.

 

"I would like to thank our shareholders for supporting the changes to our Articles of Association which will enable the Board to ensure that easyJet remains EU owned and controlled at all times after the UK has left the EU thus allowing easyJet to continue to fly between and within EU countries post Brexit.

 

"We have no immediate intention of using these powers but they are an important element in ensuring that easyJet plc has the ability to maintain EU ownership and control at all times should we need to do so.  As our shareholders know, we begin from a position of strength with close to 50% of our shares already held in the hands of EEA (non-UK) nationals and Andrew Findlay and his team have already begun a more active investor relations programme across Europe with the intention of increasing EEA (non-UK) ownership above 50% prior to the UK's exit from the EU.

 

"In addition, as part of establishing easyJet's post Brexit structure we are putting in place a stand-alone UK AOC, easyJet UK, which will operate our UK based aircraft.  We are making good progress and expect the UK CAA to grant the AOC in the coming weeks.  As part of this process the Department for Transport has this week informed the CAA that easyJet UK can be granted this AOC as a British airline.  This status will be maintained after the UK leaves the EU and easyJet plc is majority EU owned.

 

"Finally, to ensure that we can use this new structure to continue to operate all of our flights after Brexit easyJet is working with the UK government, EU institutions and EU Member States to ensure that flying rights between the UK and the EU are maintained.   Given that consumers, airlines and politicians across the UK and Europe all want flights between the UK and EU to continue after Brexit we are confident there will be an agreement."

 

The results will also be made available on the Company's website: http://corporate.easyjet.com/

 

In accordance with LR 9.6.2, copies of the resolutions passed as special business have been forwarded to the FCA for publication through the Document Viewing Facility and will be accessible via the National Storage Mechanism website (http://www.morningstar.co.uk/uk/NSM).

 

The timetable in relation to the ordinary dividend is as follows:

 

Shares marked ex-entitlement to the dividends

Thursday, 1 March 2018

Record date for entitlement to the dividends

5.00 p.m. on Friday, 2 March 2018

Payment of dividends

Friday, 23 March 2018

 

End

 

8 February 2018

For further details please contact easyJet plc:

Institutional investors and sell side analysts:

Stuart Morgan

Michael Barker

+44 (0) 7989 665 484

+44 (0) 7985 890 939



Media:

 

Paul Moore

Anna Knowles

 

 

+44 (0) 7860 794 444

+44 (0) 7985 873 313

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Result of AGM - RNS