National Storage Mechanism | Additional information
RNS Number : 2478T
Biffa plc
16 July 2020
 

Biffa plc

 

 

Results of the Annual General Meeting

 

 

Biffa plc, ("the Company") announces that at its Annual General Meeting ("AGM") today, all resolutions proposed, except resolutions 14 and 15 which are special resolutions, were duly passed by shareholders by the majority required on a poll. The full text of each resolution is contained in the 2020 Notice of AGM which is available on the Biffa website www.biffa.co.uk

 

Biffa AGM Poll Results

 

The following table shows the total number of votes cast for each resolution:

 

Resolution

Total No' and % of Votes cast FOR*

Total No' and % of Votes cast AGAINST

Total Number of Votes Cast

Number of Votes WITHHELD+

1

Annual Report and Accounts 2020

220,748,631

98.59

3,168,360

1.41

223,916,991

3,224,317

2

Remuneration Policy

212,372,302

96.97

6,639,109

3.03

219,011,411

8,129,897

3

Remuneration Report

213,108,702

98.87

2,429,168

1.13

215,537,870

11,603,593

4

Re-election of M Averill

216,362,488

98.79

2,657,342

1.21

219,019,830

8,121,479

5

Re-election of G Barbaro

221,596,955

98.81

2,666,749

1.19

224,263,704

2,877,605

6

Re-election of C Chesney

 

200,002,174

89.18

24,261,375

10.82

224,263,549

2,877,760

7

Re-election of K Lever

146,123,367

66.86

72,419,720

33.14

218,543,087

8,598,222

8

Re-election of D Martin

221,606,610

98.82

2,657,084

1.18

224,263,694

2,877,615

9

Re-election of R Pike

222,761,231

99.33

1,502,473

0.67

224,263,704

2,877,605

10

Re-election of M Topham

224,008,811

99.89

255,668

0.11

224,264,479

2,876,985

11

Appointment of Auditor

224,257,342

100.00

2,930

0.00

224,260,272

2,881,037

12

Remuneration of Auditor

224,259,020

100.00

3,943

0.00

224,262,963

2,878,346

13

Allotment of shares

151,888,064

67.11

74,450,547

32.89

226,338,611

802,852

14

Pre-emption rights - General^

147,338,785

65.10

78,999,623

34.90

226,338,408

802,900

15

Pre-emption rights - Specific^

143,832,405

63.55

82,502,771

36.45

226,335,176

806,133

16

Notice of general meetings^

218,625,548

97.49

5,634,135

2.51

224,259,683

2,881,626

 

Notes:

*  includes discretionary votes

^ special resolution

'+  a vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes counted 'For' or 'Against' a resolution

 

The total number of shares in issue at the close of business on 15 July 2020 was 303,000,000 ordinary shares of 1 pence each. There are no shares held in Treasury.

 

The Board would like to thank shareholders for their engagement and support ahead of the AGM and throughout the year. While most of the resolutions were passed with significant majorities, the Board notes that resolutions 7 (re-election of K Lever) and 13 (allotment of shares) were passed with the necessary majority but with less than 80% of support and that resolutions 14 (pre-emption rights - general) and 15 (pre-emption rights - specific), which were special resolutions requiring a 75% majority, did not receive sufficient support to be passed.

 

In accordance with provision 4 of the 2018 UK Corporate Governance Code (the "Code"), the Board confirms that it will consult and engage with shareholders to understand and discuss their concerns with respect to those resolutions. An update will be provided within six months of the AGM, in accordance with the Code.

 

These results will shortly be available on the Company's website at www.biffa.co.uk and in accordance with Listing Rule 9.6.2, copies of the resolutions that were passed at the meeting and that do not constitute ordinary business at an annual general meeting will be submitted to the National Storage Mechanism and will shortly be available for inspection at www.data.fca.org.uk

 

 

S Parsons

Company Secretary

 

16 July 2020

 

 

Enquiries:

 

Investors

Michael Topham, Chief Executive Officer

Richard Pike, Chief Financial Officer

ir@biffa.co.uk

 

 

Media & Analysts

Houston PR

biffa@houstonpr.co.uk

 

Registered in England and Wales:

10336040

 

Registered office at:

Coronation Road,

Cressex,

High Wycombe,

Buckinghamshire

HP12 3TZ

 


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