Drax Group PLC

AGM Information • Apr 17, 2019

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RNS Number : 5240W

Drax Group PLC

17 April 2019

17 April 2019

Drax Group plc

(Symbol: DRX)

Poll Results of the Annual General Meeting

Drax Group plc announces the results of the voting by poll on the resolutions put to its Annual General Meeting held today, Wednesday 17 April 2019.

No.	Brief Description	Votes For	%	Votes Against	%	Votes Total	Votes Withheld
1	To receive and adopt the  Annual report and the audited accounts	298,203,436	99.98	52,694	0.02	298,256,130	1,896,896
2	To approve the annual statement to shareholders by the Chairman of the Remuneration Committee and the annual report on remuneration	242,114,746	80.67	58,033,489	19.33	300,148,235	4,792
3	To declare the final dividend of 8.5 pence per share	299,718,692	99.86	432,045	0.14	300,150,737	2,290
4	To elect Vanessa Simms as a director of the Company	299,288,484	99.72	854,339	0.28	300,142,823	10,095
5	To elect Andy Skelton as a director of the Company	296,836,219	98.90	3,306,604	1.10	300,142,823	10,095
6	To re-elect Tim Cobbold as a director of the Company	283,268,798	99.45	1,553,264	0.55	284,822,062	15,330,856
7	To re-elect Philip Cox as a director of the Company	271,373,835	95.28	13,448,240	4.72	284,822,075	15,330,842
8	To re-elect Will Gardiner as a director of the Company	299,372,150	99.74	776,465	0.26	300,148,615	4,303
9	To elect Nicola Hodson as a director of the Company	272,230,810	96.08	11,113,143	3.92	283,343,953	16,808,965
10	To re-elect Andy Koss as a director of the Company	298,771,885	99.54	1,378,319	0.46	300,150,204	2,714
11	To elect David Nussbaum as a director of the Company	283,265,485	99.45	1,555,577	0.55	284,821,062	15,331,856
12	To re-elect Tony Thorne as a director of the Company	283,267,989	99.45	1,555,087	0.55	284,823,076	15,329,842
13	To re-appoint Deloitte LLP as auditor	288,369,385	96.55	10,295,550	3.45	298,664,935	1,488,091
14	Authority to determine auditor's remuneration	294,883,991	98.25	5,258,008	1.75	300,141,999	11,028
15	Authority to make EU political donations to a specified limit	166,635,963	58.23	119,520,040	41.77	286,156,003	13,997,023
16	Authority to allot shares	297,299,575	99.05	2,842,145	0.95	300,141,720	11,307
17	Authority to make non pre-emptive share allotments	300,099,658	99.99	40,011	0.01	300,139,669	13,358
18	Authority to purchase own shares	296,031,509	98.82	3,541,542	1.18	299,573,051	579,975
19	Authority to call a General Meeting on not less than 14 days' notice	293,361,544	97.74	6,784,594	2.26	300,146,138	6,780

Resolutions 1 to 19 were carried.

The total number of voting rights in the Company is 394,092,649.

At the 2019 AGM, 41.77% of votes cast by our shareholders were against Resolution 15, the authority relating to political donations1. It is not the policy of the Group to make donations to any political party, nor do we provide financial support to further the aims of any political group or party. In the lead up to the AGM, we engaged with shareholders on this issue and have reviewed the feedback. We appreciate the time given and comments offered which have provided us with a clearer understanding of shareholder views.

As part of our approach to stakeholder engagement, we believe that it is in the best interests of the Company to listen and participate in public debate and opinion-forming on matters which affect the Company's business. We will continue to engage with shareholders, to help formulate our approach to such engagement going forward, and explain why the Board considers the resolution to be in the best interests of the company and our shareholders.

Brett Gladden

Company Secretary

Drax Group plc

END

1 responding to the restrictions imposed by the Political Parties, Elections and Referendums Act 2000 on companies making donations to EU political organisations or incurring political expenditure without shareholder consent.

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