Result of AGM
Ocado Group
RESULT OF AGM
OCADO GROUP PLC
12 May 2011
Ocado Group plc
Annual General Meeting 2011 Results
The Annual General Meeting of Ocado Group plc (the "Company") was held at One Bunhill Row, London, EC1Y 8YY on Wednesday, 11 May 2011 at 2.00pm.
All resolutions were decided on a poll and all resolutions proposed at the Annual General Meeting were passed by shareholders. The full text of each resolution is contained in the notice of Annual General Meeting, which is available on the Company's website www.ocadogroup.com (with each resolution number below corresponding to the resolution number in the notice).
The number of votes for and against each of the resolutions put before the Annual General Meeting and the number of votes withheld were as follows:
|
Resolutions |
For |
Against |
Total Votes |
Votes Withheld |
|||
|
Votes |
% |
Votes |
% |
||||
|
Ordinary Resolutions |
|||||||
|
1 |
To receive the Annual Report and Accounts |
328,192,455 |
99.66 |
1,131,500 |
0.34 |
329,323,955 |
0 |
|
2 |
To approve the Remuneration Report |
317,979,609 |
98.80 |
3,862,454 |
1.20 |
321,842,063 |
7,481,892 |
|
3 |
To re-appoint Lord Grade of Yarmouth |
327,938,515 |
99.58 |
1,383,517 |
0.42 |
329,322,032 |
1,923 |
|
4 |
To re-appoint David Grigson |
328,013,981 |
99.60 |
1,308,051 |
0.40 |
329,322,032 |
1,923 |
|
5 |
To re-appoint Tim Steiner |
327,634,567 |
99.49 |
1,687,465 |
0.51 |
329,322,032 |
1,923 |
|
6 |
To re-appoint Neill Abrams |
326,811,527 |
99.49 |
1,687,465 |
0.51 |
328,498,992 |
824,963 |
|
7 |
To re-appoint Andrew Bracey |
327,634,567 |
99.49 |
1,687,465 |
0.51 |
329,322,032 |
1,923 |
|
8 |
To re-appoint Jason Gissing |
327,634,567 |
99.49 |
1,687,465 |
0.51 |
329,322,032 |
1,923 |
|
9 |
To re-appoint Ruth Anderson |
329,145,481 |
99.95 |
176,551 |
0.05 |
329,322,032 |
1,923 |
|
10 |
To re-appoint Robert Gorrie |
325,392,798 |
99.05 |
3,106,194 |
0.95 |
328,498,992 |
824,963 |
|
11 |
To re-appoint Jörn Rausing |
325,581,016 |
99.14 |
2,811,908 |
0.86 |
328,392,924 |
931,031 |
|
12 |
To re-appoint David Young |
325,908,546 |
99.21 |
2,590,446 |
0.79 |
328,498,992 |
824,963 |
|
13 |
To re-appoint PricewaterhouseCoopers LLP as auditors |
322,936,275 |
98.06 |
6,387,680 |
1.94 |
329,323,955 |
0 |
|
14 |
To authorise the Directors to determine the auditors' remuneration |
327,822,536 |
99.58 |
1,394,351 |
0.42 |
329,216,887 |
107,068 |
|
15 |
Authority for political donations and political expenditure |
327,282,748 |
99.57 |
1,400,144 |
0.43 |
328,682,892 |
641,063 |
|
16 |
Authority to allot shares |
319,107,753 |
97.12 |
9,469,071 |
2.88 |
328,576,824 |
747,131 |
|
17 |
Expansion of the Ocado Joint Share Ownership Scheme |
326,445,526 |
99.13 |
2,878,429 |
0.87 |
329,323,955 |
0 |
|
18 |
The establishment of the Ocado Share Incentive Plan |
329,323,955 |
100 |
0 |
0 |
329,323,955 |
0 |
|
Special Resolutions |
|||||||
|
19 |
Authority to disapply pre-emption rights |
329,097,032 |
99.93 |
225,000 |
0.07 |
329,322,032 |
1,923 |
|
20 |
Authority to purchase own shares |
329,323,955 |
100 |
0 |
0 |
329,323,955 |
0 |
|
21 |
Notice of general meetings |
321,265,866 |
97.55 |
8,058,089 |
2.45 |
329,323,955 |
0 |
Notes:
(i) Votes 'withheld' are not votes under English law and so have not been included in the calculation of whether a resolution is carried. Percentages have been rounded to two decimal places.
(ii) As at 6.00pm on 11 May 2011, the Company's issued share capital was 554,160,708 ordinary shares of 2p each. Of these issued ordinary shares, 32,314,300 are held by Appleby Trust (Jersey) Limited, the independent company which is the trustee of Ocado's employee benefit trust (the "EBT Trustee"). The EBT Trustee has waived its right to exercise its voting rights and to receive dividends in respect of these 32,314,300 ordinary shares. Although, in respect of 8,119,400 ordinary shares which have vested under the joint share ownership scheme, the Trustee may vote in respect of such ordinary shares at the request of a participant. Excluding the 24,194,900 ordinary shares held by the EBT Trustee which have not vested, Ocado has shares in issue with aggregate voting rights of 529,965,808.
This announcement is made pursuant to the requirements of Listing Rules 9.6.2 and 9.6.18. In accordance with Listing Rule 9.6.2, a copy of resolutions 15 to 21 (as set out in the notice of Annual General Meeting), being the resolutions passed at the Annual General Meeting not concerning ordinary business, has been submitted today to the Financial Services Authority's national storage mechanism. This document will be available for viewing at www.hemscott.com/nsm.do.
A copy of the Annual General Meeting results will be available on Ocado's website: www.ocadogroup.com.
For further information please contact:
Company Secretary
Ocado Group plc
Titan Court
3 Bishops Square
Hatfield Business Park
Hatfield, Hertfordshire, AL10 9NE
Fax: +44 (0)1707 227997
Email: company.secretary@ocado.com
This information is provided by RNS
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