Easyjet PLC — AGM Information 2018

Feb 8, 2018

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RNS Number : 3398E

easyJet PLC

08 February 2018

easyJet plc

Results of Annual General Meeting 8 February 2018

easyJet plc is pleased to announce the voting results of its Annual General Meeting ('AGM') held earlier today at Hangar 89, London Luton Airport, Luton, LU2 9PF.  

All resolutions, as set out in the Notice of Meeting, were passed with the requisite majority by means of a poll. Resolutions 1 to 16 were each passed as an Ordinary Resolution (requiring a simple majority for them to be passed) and resolutions 17 to 20 were each passed as a Special Resolution (requiring at least a 75% majority for them to be passed). The results of the poll, incorporating proxy votes lodged in advance of the meeting, are set out below:   

Resolution	Votes For	Votes Against	Total Votes	% of Issued Share Capital voted	Votes Withheld*
1.   To receive the Annual report and accounts for the year ended 30 September 2017	302,347,812	58,685	302,406,497	76.13%	124,392
2.   To approve the Directors' Remuneration Policy report set out in the Annual report and accounts	299,660,093	2,831,491	302,491,584	76.15%	40,212
3.   To approve the Annual Statement by the Chairman of the Remuneration Committee and the Annual Report on Remuneration	301,234,869	1,257,785	302,492,654	76.15%	36,636
4.   To declare an ordinary dividend	302,503,105	15,598	302,518,703	76.16%	16,731
5.   To re-elect John Barton as a Director	299,751,831	2,743,905	302,495,736	76.16%	35,152
6.   To elect Johan Lundgren as a Director	302,107,584	389,049	302,496,633	76.16%	34,256
7.   To re-elect Andrew Findlay as a Director	301,937,959	551,642	302,489,601	76.15%	39,064
8.   To re-elect Charles Gurassa as a Director	301,659,327	821,999	302,481,326	76.15%	48,573
9.   To re-elect Adèle Anderson as a Director	302,046,086	438,390	302,484,476	76.15%	45,365
10. To re‑elect Dr. Andreas Bierwirth as a Director	302,086,231	393,997	302,480,228	76.15%	49,047
11. To elect Moya Greene as a Director	301,903,065	575,381	302,478,446	76.15%	49,492
12. To re-elect Andy Martin as a Director	301,630,837	846,837	302,477,674	76.15%	52,225
13. To re-appoint PricewaterhouseCoopers LLP as auditors of the Company	300,146,164	2,345,665	302,491,829	76.15%	39,638
14. To authorise the Directors to determine the auditors' remuneration	302,369,300	124,056	302,493,356	76.15%	35,615
15. To authorise the Company and its subsidiaries to make political donations and incur political expenditure	302,052,549	446,094	302,498,643	76.16%	37,580
16. To authorise the Directors to allot shares	302,168,774	318,075	302,486,849	76.15%	45,378
17. To disapply statutory pre-emption rights*	302,160,051	289,860	302,449,911	76.14%	74,188
18. To authorise the Company to purchase its own shares*	300,722,840	1,700,605	302,423,445	76.14%	109,053
19. To adopt new Articles of Association*	302,356,621	122,830	302,479,451	76.15%	45,267
20. To authorise the Company to call general meetings, other than annual general meetings, on not less than 14 clear days' notice*	292,654,900	9,842,270	302,497,170	76.16%	32,156

*A vote withheld is not a vote in law and is not counted towards votes cast "For" or "Against" a resolution.

** Special Resolutions requiring a 75% majority

Votes excluding controlling shareholders on the resolutions concerning the election or re-election of the independent Non-executive Directors
Resolution	Votes For	Votes Against	Total Votes	% of Issued Share Capital voted	Votes Withheld*
8.   To re-elect Charles Gurassa as a Director	170,137,828	821,999	170,959,827	64.35%	48,573
9.   To re-elect Adèle Anderson as a Director	170,524,587	438,390	170,962,977	64.35%	45,365
10. To re‑elect Dr. Andreas Bierwirth as a Director	170,564,732	393,997	170,958,729	64.35%	49,047
11. To elect Moya Greene as a Director	170,381,566	575,381	170,956,947	64.35%	49,492
12. To re-elect Andy Martin as a Director	170,109,338	846,837	170,956,175	64.35%	52,225

In accordance with Listing Rule 9.2.2E, Resolutions 8-12  inclusive were approved by: (a) the shareholders of the Company; and (b) the independent shareholders of the Company.

The total voting rights of the Company on the day on which shareholders had to be on the register in order to be eligible to vote was 397,208,133.

Speaking at the Company's Annual General Meeting in Luton today, John Barton, Chairman of easyJet plc, said:

"As you all know Brexit is one of the biggest issues facing the European airline industry.

"I would like to thank our shareholders for supporting the changes to our Articles of Association which will enable the Board to ensure that easyJet remains EU owned and controlled at all times after the UK has left the EU thus allowing easyJet to continue to fly between and within EU countries post Brexit.

"We have no immediate intention of using these powers but they are an important element in ensuring that easyJet plc has the ability to maintain EU ownership and control at all times should we need to do so.  As our shareholders know, we begin from a position of strength with close to 50% of our shares already held in the hands of EEA (non-UK) nationals and Andrew Findlay and his team have already begun a more active investor relations programme across Europe with the intention of increasing EEA (non-UK) ownership above 50% prior to the UK's exit from the EU.

"In addition, as part of establishing easyJet's post Brexit structure we are putting in place a stand-alone UK AOC, easyJet UK, which will operate our UK based aircraft.  We are making good progress and expect the UK CAA to grant the AOC in the coming weeks.  As part of this process the Department for Transport has this week informed the CAA that easyJet UK can be granted this AOC as a British airline.  This status will be maintained after the UK leaves the EU and easyJet plc is majority EU owned.

"Finally, to ensure that we can use this new structure to continue to operate all of our flights after Brexit easyJet is working with the UK government, EU institutions and EU Member States to ensure that flying rights between the UK and the EU are maintained.   Given that consumers, airlines and politicians across the UK and Europe all want flights between the UK and EU to continue after Brexit we are confident there will be an agreement."

The results will also be made available on the Company's website: http://corporate.easyjet.com/

In accordance with LR 9.6.2, copies of the resolutions passed as special business have been forwarded to the FCA for publication through the Document Viewing Facility and will be accessible via the National Storage Mechanism website (http://www.morningstar.co.uk/uk/NSM).

The timetable in relation to the ordinary dividend is as follows:

Shares marked ex-entitlement to the dividends	Thursday, 1 March 2018
Record date for entitlement to the dividends	5.00 p.m. on Friday, 2 March 2018
Payment of dividends	Friday, 23 March 2018

End

8 February 2018

For further details please contact easyJet plc:

Institutional investors and sell side analysts:
Stuart Morgan Michael Barker	+44 (0) 7989 665 484 +44 (0) 7985 890 939
Media: Paul Moore Anna Knowles	+44 (0) 7860 794 444 +44 (0) 7985 873 313

This information is provided by RNS

The company news service from the London Stock Exchange

END

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