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Speedy Hire PLC
09 September 2021
 

Speedy Hire Plc

9 September 2021

 

 

Speedy Hire Plc ("Company")

Resolutions passed at Annual General Meeting - 9 September 2021

 

 

At the Annual General Meeting of the Company held on 9 September 2021 at the offices of Addleshaw Goddard LLP at One St Peter's Square, Manchester M2 3DE, all resolutions were passed on a show of hands.

 

The following is a summary of the Forms of Proxy received prior to the time of the Annual General Meeting by the Registrars, appointing the Chairman of the Annual General Meeting as proxy:

 

No

Resolution

For*

Against

Withheld**



No. of Votes

% of Vote

No. of Votes

% of Vote

No. of Votes

1

To receive and adopt the annual accounts for the financial year ended 31 March 2021 together with the

reports of the Directors and auditors (ordinary).

417,975,373

99.98%

79,986

0.02%

121,494

2

To approve the Directors' Remuneration Report for the financial year ended 31 March 2021 (ordinary).

299,292,417

78.64%

81,308,422

21.36%

37,576,014

3

To declare a final dividend of 1.40 pence per share in respect of the year ended 31 March 2021 (ordinary).

418,113,853

100.00%

3,000

0.00%

60,000

4

To elect James Bunn as a Director of the Company (ordinary).

418,008,291

99.96%

149,958

0.04%

18,604

5

To elect Shatish Dasani as a Director of the Company (ordinary).

418,063,847

99.98%

94,402

0.02%

18,604

6

To elect Carol Kavanagh as a Director of the Company (ordinary).

417,982,013

99.96%

176,236

0.04%

18,604

7

To re-elect David Shearer as a Director of the Company (ordinary).

397,364,565

95.03%

20,793,684

4.97%

18,604

8

To re-elect Russell Down as a Director of the Company (ordinary).

418,064,534

99.98%

95,567

0.02%

16,752

9

To re-elect David Garman as a Director of the Company (ordinary).

411,054,651

98.30%

7,103,598

1.70%

18,604

10

To re-elect Rob Barclay as a Director of the Company (ordinary).

401,350,024

95.98%

16,823,225

4.02%

3,604

11

To re-elect Rhian Bartlett as a Director of the Company (ordinary).

411,050,622

98.30%

7,093,317

1.70%

32,914

12

To appoint KPMG LLP as Auditors (ordinary).

415,802,912

99.45%

2,304,089

0.55%

69,852

13

To authorise the Directors to determine the remuneration of KPMG LLP (ordinary).

417,871,159

99.93%

283,654

0.07%

22,040

14

To authorise the Directors to allot shares (ordinary).

413,621,478

98.92%

4,504,448

1.08%

50,927

15

To authorise the Directors to allot securities free from pre-emption rights, subject to certain specified

limitations (special).

417,955,312

99.96%

183,714

0.04%

37,827

16

To disapply statutory pre-emption rights in relation to acquisitions or other capital investments (special).

412,427,108

98.63%

5,737,073

1.37%

12,672

17

To authorise the Company to make market purchases of its own shares (special).

416,026,923

99.53%

1,960,650

0.47%

189,280

18

To authorise the calling of general meetings on not less than 14 days' notice (special).

417,181,378

99.77%

968,733

0.23%

26,742

19

To permit the Company to make political donations (ordinary).

394,791,553

94.42%

23,352,126

5.58%

33,174

 

* The votes of any proxy giving the Chairman discretion how to vote have been included in the votes For a resolution.

** A vote withheld is not a vote in law and is not counted in the calculation of percentages of votes cast For and Against a resolution.

N.B. Percentage figures are rounded to 2 decimal places.

 

The Board notes that, while all of the resolutions at today's Annual General Meeting were passed with the requisite majority, Resolution 2 (Approval of the Remuneration Report) passed with 78.64% of votes in favour.

 

Following recent engagement on our Remuneration Report with our major shareholders, we would like to thank those who discussed their views with us. FY2021 was an exceptional year due to the Covid-19 pandemic which resulted in some challenging circumstances for the Remuneration Committee to consider. We were reassured that a good majority of shareholders were supportive of the decisions taken. That said, we acknowledge that some shareholders did not agree.

 

Following the AGM, the Remuneration Committee will continue to engage with our major shareholders to fully understand their concerns. We will publish an update on our engagement within six months of the AGM, in accordance with the UK Corporate Governance Code.

 

As at the date of the AGM, the number of issued shares of the Company was 528,509,631.

 

In accordance with Listing Rule 9.6.2, copies of all the resolutions passed as special business at the Annual General Meeting will shortly be available for inspection at the National Storage Mechanism which can be accessed at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

 

 

Neil Hunt

Company Secretary

 

 

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