26 July 2017
Mitie Group plc
Result of AGM
At the Annual General Meeting (AGM) of Mitie Group plc (Mitie), held on 26 July 2017, all the resolutions put to the meeting were passed. The details of the votes cast are shown in a table below. The full text of each of the resolutions is shown in the Notice of the AGM, which is available on our website at www.mitie.com. The total of votes cast was 267,509,427 representing 72.05% of Mitie's issued share capital.
Mitie acknowledges that, whilst the following resolutions were passed, a high number of votes were received against each of them:
Resolution 13, in relation to Directors' authority to allot shares;
Resolution 14, in relation to a general authority to disapply pre-emption rights; and
Resolution 15, which sought additional authority to disapply pre-emption rights in connection with the financing of an acquisition or specified capital investment, limited to the equivalent of 5% of Mitie's issued share capital (excluding treasury shares).
A process of shareholder consultation has commenced and Mitie will continue to engage with those shareholders who either withheld their vote, or voted against these resolutions, to improve understanding and, if possible, allay any such concerns for the future.
Mitie further acknowledges that resolution 10, in relation to the reappointment of Deloitte LLP as external auditor, was passed but with a high number of votes received against it, as well as withheld. Mitie has announced that it is undertaking a tender process during July, August and September 2017, and will announce a new external auditor in due course.
Copies of all special resolutions have been submitted to the UK Listing Authority and will shortly be made available for inspection on the National Storage Mechanism at www.hemscott.com/nsm.do.
AGM - Poll results
Resolution |
Votes in favour (as % of votes cast) |
Votes against (as % of votes cast) |
Total number of votes cast |
Votes withheld |
|
1 |
Annual report & accounts |
86.35% |
|
13.65% |
|
267,509,427 |
906,936 |
2 |
Remuneration report |
92.07% |
|
7.93% |
|
267,509,427 |
9,739,725 |
3 |
Appointment of Derek Mapp |
98.40% |
|
1.60% |
|
267,509,426 |
1,009,359 |
4 |
Appointment of Phil Bentley |
99.73% |
|
0.27% |
|
267,509,427 |
823,358 |
5 |
Appointment of Sandip Mahajan |
99.70% |
|
0.30% |
|
267,509,427 |
829,358 |
6 |
Appointment of Nivedita Krishnamurthy Bhagat |
99.95% |
|
0.05% |
|
267,509,427 |
1,800,798 |
7 |
Re-appointment of Larry Hirst CBE |
86.78% |
|
13.22% |
|
267,509,427 |
848,958 |
8 |
Re-appointment of Jack Boyer OBE |
96.89% |
|
3.11% |
|
267,509,427 |
851,001 |
9 |
Re-appointment of Mark Reckitt |
90.06% |
|
9.94% |
|
267,509,427 |
851,001 |
10 |
Appointment of auditors |
70.61% |
|
29.39% |
|
267,509,426 |
44,081,945 |
11 |
Auditors remuneration authority |
97.63% |
|
2.37% |
|
267,509,427 |
831,133 |
12 |
Political donations |
99.06% |
|
0.94% |
|
267,509,427 |
905,929 |
13 |
Authority to Allot shares |
67.08% |
|
32.92% |
|
267,509,427 |
831,576 |
14 |
Disapplication of pre-emption rights (General) |
76.82% |
|
23.18% |
|
267,509,427 |
904,215 |
15 |
Disapply pre-emption rights (Additional) |
79.75% |
|
20.25% |
|
267,509,427 |
936,348 |
16 |
Market purchase of own shares |
99.21% |
|
0.79% |
|
267,509,427 |
821,866 |
17 |
Short notice of meetings |
88.04% |
|
11.96% |
|
267,509,426 |
816,058 |
-Ends-
For further information, contact:
Peter Dickinson
General Counsel and Company Secretary, Mitie Group plc
T: +44 (0) 203 123 8157 M: +44 (0)776 821 5013 E: peter.dickinson@mitie.com
Anna Chen
Investor Relations Manager, Mitie Group plc
T: +44 (0) 203 123 8675 M: +44 (0)781 852 7265 E: anna.chen@mitie.com
Notes for editors
About Mitie Group
Mitie is a FTSE 250 business providing a wide range of facilities management and professional services, from real estate consultancy, project management, energy consultancy, compliance, risk assessment and security systems to cleaning, catering, engineering, technical and environmental services and a range of specialist services.
We work in partnership with organisations to deliver long-term savings, managing and maintaining some of the nation's most recognised landmarks for a range of blue-chip public and private sector customers.
We are the UK's largest Facilities Management Company employing some 60,000 people across the country.
Find out more at www.mitie.com