TIDMHYVE
RNS Number : 7918A
Hyve Group PLC
24 January 2020
24 January 2020
Hyve Group plc (the 'Company')
Announcement of Results of Annual General Meeting
The Annual General Meeting of Hyve Group plc was held at 9am on
Thursday 23 January 2020. All resolutions were duly passed by
shareholders.
Resolution(1) For(2) Against Votes Withheld(3)
1. Receive the Report and Accounts
for 2019 689,046,379 81,718 763,637
------------ ------------ ------------------
2. Declaration of final dividend 689,890,704 1,031 0
------------ ------------ ------------------
3. Re-election of Richard Last as
a Director 462,067,435 196,161,790 31,662,510
------------ ------------ ------------------
4. Election of Nicholas Backhouse
as a Director 689,087,167 804,168 400
------------ ------------ ------------------
5. Re-election of Sharon Baylay
as a Director 634,712,135 55,179,199 400
------------ ------------ ------------------
6. Re-election of Andrew Beach as
a Director 689,061,407 829,928 400
------------ ------------ ------------------
7. Re-election of Stephen Puckett
as a Director 688,239,120 1,652,215 400
------------ ------------ ------------------
8. Re-election of Mark Shashoua
as a Director 689,040,772 850,562 400
------------ ------------ ------------------
9. Appointment of BDO LLP as auditors
of the company 689,891,335 0 400
------------ ------------ ------------------
10. Authorise the Directors to determine
the auditors' remuneration. 689,890,304 1,031 400
------------ ------------ ------------------
11. Approve the Directors' Remuneration
Report 616,221,691 73,669,643 400
------------ ------------ ------------------
12. To authorise the Directors to
allot relevant securities 666,282,525 23,608,810 400
------------ ------------ ------------------
13. To disapply pre-emption rights
in certain circumstances 689,880,138 10,190 1,407
------------ ------------ ------------------
14. To disapply pre-emption rights
in respect of an allotment of equity
securities in connection with an
acquisition or specified capital
investment. 618,457,618 71,432,709 1,407
------------ ------------ ------------------
15. Renew the Company's authority
to make market purchase of its own
shares 689,660,123 111,495 120,116
------------ ------------ ------------------
16. Authorise General Meetings (other
than AGMs) on not less than 14 clears
days' notice. 603,766,904 86,123,423 1,407
------------ ------------ ------------------
17. Approve cancellation of share
premium account 689,924,765 1,333 18,137
------------ ------------ ------------------
(1) Resolutions 1 to 16 were passed by a show of hands and the
table above shows the proxy votes received by the Company ahead of
the Annual General Meeting. Resolution 17 was passed by way of a
poll and the table above shows the votes cast in person or by proxy
at the Annual General Meeting. Resolution 17 was for the
cancellation of the Company's share premium account and will
require the approval of the High Court of England and Wales. The
Chairman determined that the vote on resolution 17 should be held
by way of a poll to facilitate the reporting of the vote results to
the High Court of England and Wales.
(2) Includes those votes giving the Chairman discretion.
(3) A 'vote withheld' is not a vote in law and is not counted
towards the votes cast 'for' or 'against' a resolution.
The Company's issued share capital at 23 January 2020 was
815,780,256 ordinary shares. Proxies appointing the Chairman of the
meeting were received from shareholders of 689,891,735 shares
representing 84.57% of the issued share capital.
A copy of the resolutions passed as special business at the AGM
has been submitted to the National Storage Mechanism and will
shortly be available to inspection at www.morningstar.co.uk.
The Board recognises that a minority of shareholders voted
against the election of Richard Last, and understands that some
investors hold the view that Richard serves on too many company
boards. Since last year's AGM Richard has stepped down from the
boards of two public companies (one fully listed and one
AIM-listed, both in financial services which carried additional
regulatory burden) and has stood down from three private companies.
He has not taken on any new appointments. The Board remains of the
unanimous view that Richard is able to devote the necessary time to
Hyve Group notwithstanding his other commitments. Since joining the
Board in 2018, Richard has provided an exceptional level of
commitment to his role during a period of considerable change for
the Company and this has included significant engagement with
shareholders. He has attended all Board and relevant Committee
meetings since his appointment and has been available at all times
for Hyve Group business. Richard will continue to review and manage
his commitments to ensure that he is able to continue to make the
appropriate level of commitment to his role as Chairman of Hyve
Group.
Richard Last and the Board will engage directly with
shareholders on this matter over the coming months.
For further information please contact:
Hyve Group plc
Melissa McVeigh, Director of
Communications +44 (0)20 7596 5000
FTI Consulting
Charles Palmer / Emma Hall +44 (0)20 3727 1000
About Hyve Group plc
Hyve Group plc is a next generation FTSE 250 global events
business whose purpose is to create unmissable events, where
customers from all corners of the globe share extraordinary moments
and shape industry innovation. Hyve Group plc was announced as the
new brand name of ITE Group plc in September 2019, following its
significant transformation under the Transformation and Growth
(TAG) programme. Our vision is to create the world's leading
portfolio of content-driven, must-attend events delivering an
outstanding experience and ROI for our customers.
Where business is personal, where meetings move markets and
where today's leaders inspire tomorrow's.
This information is provided by RNS, the news service of the
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Authority to act as a Primary Information Provider in the United
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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