Drax Group PLC — AGM Information 2017

Apr 13, 2017

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RNS Number : 4843C

Drax Group PLC

13 April 2017

13 April 2017

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, Thursday 13 April 2017.

No.	Brief Description	Votes For	%	Votes Against	%	Votes Total	Votes Withheld
1	To receive and adopt the  Annual report and the audited accounts	357,749,650	99,99	19,795	0.01	357,769,445	2,025,361
2	To approve the Directors' Remuneration Policy	275,998,273	77.03	82,299,718	22.97	358,297,991	1,496,815
3	To approve the Annual statement to shareholders by the Chairman of the Remuneration Committee  and the Annual report on remuneration	234,597,094	66.35	118,991,937	33.65	353,589,031	6,205,774
4	To declare the final dividend of 0.4 pence per share	359,778,695	100.00	13,393	0.00	359,792,088	2,718
5	To re-elect Tim Cobbold as a director of the Company	347,036,611	96.46	12,749,646	3.54	359,786,257	8,549
6	To re-elect Philip Cox as a director of the Company	341,608,921	96.12	13,807,914	3.88	355,416,835	4,377,971
7	To re-elect Will Gardiner as a director of the Company	359,036,120	99.79	748,987	0.21	359,785,107	9,699
8	To re-elect Andy Koss as a director of the Company	359,315,277	99.87	470,980	0.13	359,786,257	8,549
9	To re-elect David Lindsell as a director of the Company	346,354,049	96.27	13,431,499	3.73	359,785,548	9,258
10	To re-elect Dorothy Thompson as a director of the Company	359,314,854	99.87	471,921	0.13	359,786,775	8,031
11	To re-elect Tony Thorne as a director of the Company	347,045,202	96.46	12,739,905	3.54	359,785,107	9,699
12	To re-appoint Deloitte LLP as auditor	352,594,144	98.00	7,197,780	2.00	359,791,924	2,882
13	Authority to determine auditor's remuneration	358,788,281	99.72	1,003,375	0.28	359,791,656	3,150
14	Authority to make EU political donations to a specified limit	358,444,925	99.63	1,345,563	0.37	359,790,488	4,318
15	Authority to allot shares	358,925,745	99.76	860,697	0.24	359,786,442	8,364
16	Authority to make non pre-emptive share allotments	359,746,966	99.99	38,440	0.01	359,785,406	9,400
17	Authority to purchase own shares	354,195,152	98.46	5,539,890	1.54	359,735,042	59,764
18	To approve the Drax Group plc Performance Share Plan (PSP)	341,470,736	94.91	18,318,717	5.09	359,789,453	5,353
19	To approve the Drax Group plc Deferred Share Plan (DSP)	345,479,185	96.02	14,305,768	3.98	359,784,953	9,853
20	Authority to call a General Meeting on not less than 14 days' notice	352,796,143	98.05	6,998,462	1.95	359,794,605	200

Resolutions 1 to 20 were carried.

The Board of Directors notes the significant number of votes against the 2016 Directors' Remuneration Report and the Remuneration Policy resolutions. The Remuneration Committee consulted on the Remuneration Policy with a majority of the holders of the issued share capital, most of which were supportive of the approach taken in what was a key year for the Company and in which significant milestones in the delivery of our future strategy were met. Discussions have already taken place with a number of institutional shareholders who did not support the Remuneration Report or Remuneration Policy resolutions. The feedback received will be discussed by the Remuneration Committee in forthcoming meetings and further engagement is expected with shareholders as part of an ongoing programme.

The number of shares in issue is 406,851,207.

David McCallum

Company Secretary

Drax Group plc

This information is provided by RNS

The company news service from the London Stock Exchange

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