21 June 2019
Phoenix Spree Deutschland Limited
(the "Company")
RESULTS OF ANNUAL GENERAL MEETING (the"AGM")
The Board of Phoenix Spree Deutschland Limited is pleased to announce that, at the AGM held today, Friday 21 June 2019 at 10:00 am, all the Resolutions as set out in the Notice of Meeting were passed by the requisite majority.
In accordance with Listing Rule 9.6.2, full details of the Resolutions passed as special business will be submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM.
Details of the proxy votes received in respect of the Resolutions are set out below:
AGM Resolutions |
Votes For/Discretionary |
% of Vote |
Against |
% of Vote |
Withheld |
Ordinary Resolution 1 To receive the report of the directors and the financial statements for the year end 31 December 2018, together with the report of the auditors |
43,911,236 |
99.89 |
0 |
0 |
0 |
Ordinary Resolution 2 To approve the Directors' Remuneration Report |
36,441,755 |
82.90 |
7,469,480 |
16.99 |
0 |
Ordinary Resolution 3 To declare a final dividend of €5.15 cents (GBP: 4.62p) per share |
43,911,236 |
99.89 |
0 |
0 |
0 |
Ordinary Resolution 4 To re-elect Robert Hingley as a director |
36,345,109 |
86.66 |
5,544,657 |
13.22 |
2,021,469 |
Ordinary Resolution 5 To re-elect Quentin Spicer as a director |
32,580,546 |
74.15 |
11,308,189 |
25.74 |
22,500 |
Ordinary Resolution 6 To re-elect Charlotte Valeur as a director |
33,956,368 |
79.17 |
8,881,748 |
20.71 |
1,073,119 |
Ordinary Resolution 7 To re-elect Jonathan Thompson as a director |
33,957,055 |
79.17 |
8,881,061 |
20.71 |
1,073,119 |
Ordinary Resolution 8 To re-elect Monique O'Keefe as a director |
33,957,055 |
79.17 |
8,881,061 |
20.71 |
1,073,119 |
Ordinary Resolution 9 To resolve that RSM UK Audit LLP be, and is hereby, re-appointed auditors of the Company to hold office until the conclusion of the next general meeting at which accounts are laid before the Company |
43,886,243 |
99.89 |
0 |
0 |
24,993 |
Ordinary Resolution 10 To resolve that the Audit Committee determine the remuneration of the auditors on behalf of the Board |
43,891,243 |
99.89 |
0 |
0 |
19,993 |
Special Resolution 11 To resolve that the Company be authorised to make market purchases of up to 15,112,711 of its shares |
43,349,306 |
98.66 |
542,062 |
1.23 |
19,868 |
Special Resolution 12 To resolve that the Directors be empowered to issue up to 10,075,141 shares for cash as if the members' pre-emption rights contained in the Articles of Association did not apply to any such issue |
31,441,935 |
78.98 |
8,316,137 |
20.89 |
4,153,163 |
The Board notes that Resolutions 5, 6, 7, 8 and 12 have been passed with more than 20% of votes cast against. In accordance with the AIC 2019 Code requirement, the Board will consult relevant shareholders and respond in due course.
Notes
1 Any proxy appointments which gave discretion to the Chairman or a third party have been included in the 'votes for' total.
2 Percentage of votes cast excludes withheld votes.
Ends
For further information, please contact:
Phoenix Spree Deutschland Limited Stuart Young |
+44 (0) 20 7292 7153 |
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Numis Securities Limited (Corporate Broker) David Benda |
+44 (0)20 3100 2222 |
Tulchan Communications (Financial PR) Elizabeth Snow |
+44 (0)20 7353 4200 |