AO WORLD PLC — AGM Information 2018

Jul 19, 2018

National Storage Mechanism | Additional information

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RNS Number : 1581V

AO World plc

19 July 2018

AO World PLC ("Company")

Result of Annual General Meeting

At the Annual General Meeting (AGM) of AO World plc held earlier today all the resolutions put to the meeting were passed.  Details of the votes cast are shown in the table below.

	Resolution	Votes in favour*		Votes against		Total number of votes cast	Votes Withheld**
No. of shares	%	No. of shares	%	No. of shares
1	To receive the report and accounts	391,471,802	98.4	6,345,634	1.6	397,817,436	88,998
2	To approve the Directors' remuneration report	393,724,289	99.97	105,140	0.03	393,829,429	4,077,005
3	To approve the Directors remuneration policy	342,654,617	87.01	51,174,812	12.99	393,829,429	4,077,005
4	To approve the rules of the AO 2018 Incentive Plan (the "Plan") and authorise the Directors to make modifications and establish further plans based on the Plan	347,942,585	87.44	49,963,849	12.56	397,906,434	0
5	To re-elect Geoff Cooper as a Director	397,654,685	99.94	251,749	0.06	397,906,434	0
6	To re-elect John Roberts as a Director	396,592,000	99.67	1,314,435	0.33	397,906,435	0
7	To re-elect Steve Caunce as a Director	396,592,000	99.67	1,314,435	0.33	397,906,435	0
8	To re-elect Mark Higgins as a Director	396,592,000	99.67	1,314,435	0.33	397,906,435	0
9	To re-elect Brian McBride as a Director	396,149,854	99.56	1,756,581	0.44	397,906,435	0
10	To re-elect Chris Hopkinson as a Director	342,790,754	86.23	54,748,755	13.77	397,539,509	366,926
11	To re-elect Marisa Cassoni as a Director	396,225,834	99.58	1,680,600	0.42	397,906,434	0
12	To elect Jacqueline de Rojas as a Director	397,760,145	99.96	146,290	0.04	397,906,435	0
13	To re- appoint KPMG LLP as auditors	397,296,334	99.85	610,101	0.15	397,906,435	0
14	To authorise the Directors to determine the remuneration of the auditors	397,906,435	100	0	0	397,906,435	0
15	To authorise the Directors to allot shares	384,017,533	96.51	13,888,902	3.49	397,906,435	0
16	To disapply pre-emption rights***	397,900,435	100	0	0	397,900,435	6,000
17	To disapply pre-emption rights - limited to an acquisition or capital investment***	380,071,041	95.52	17,829,393	4.48	397,900,434	6,000
18	To authorise the Company to purchase its own shares***	393,800,669	98.97	4,105,765	1.03	397,906,434	0
19	To approve the waiver granted by the Takeover Panel of any obligation under Rule 9 of the Takeover Code for John Roberts and Steve Caunce and any persons acting in concert with them to make an offer for the Company following a purchase of shares by the Company****	182,541,397	77.33	53,518,278	22.67	236,059,675	161,846,760
20	To approve the waiver granted by the Takeover Panel of any obligation under Rule 9 of the Takeover Code for John Roberts and Steve Caunce and any persons acting in concert with them to make an offer for the Company following the exercise and/or vesting of their options over ordinary shares in the Company****	228,142,526	96.65	7,917,148	3.35	236,059,674	161,846,760
21	To authorise the Company to make political donations	396,872,534	99.74	1,027,381	0.26	397,899,915	6,520
22	To authorise the Company to hold general meetings on 14 days' notice***	397,180,188	99.82	726,247	0.18	397,906,435	0

*      Includes those votes giving the Chairman discretion

**    A vote 'Withheld' has no legal effect and is not counted in the votes 'For' and 'Against' a resolution

***  Passed as special resolutions

**** As required by the Takeover Code, John Roberts and Steve Caunce (and their Persons Closely Associated) have not voted their aggregate shareholding of 161,479,834 Ordinary Shares

The maximum number of votes cast was 397,906,435 representing 86.73% of the Company's issued share capital of 458,788,480 as at 6pm on 18 July 2018.

In accordance with Listing Rule 9.6.2, copies of all the resolutions passed as special business have been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM 

Enquiries:

AO World plc

Julie Finnemore

Company Secretary

Tel: +44(0)1204 672400

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