TIDMAHT
Ashtead Group PLC
AGM Statement
6th September 2023
ASHTEAD GROUP PLC
(the "Company")
AGM Statement & Results
AGM Statement & Results
At the Annual General Meeting of the Company held on 6 September 2023 at
11:30am, all resolutions put to shareholders were duly passed on a poll with the
required majorities. The full text of each resolution is contained in the Notice
of Annual General Meeting. Resolutions 1 to 15 were passed as ordinary
resolutions. Resolutions 16 - 19 were passed as special resolutions.
Issued Share
Capital: 438,068,721
+---+------------+-------------+-------+----------+-------+-----------+-------+-
--------+
| |ORDINARY |Votes for |% Votes|Votes |% Votes|Total no. |% of
|Votes |
| |RESOLUTIONS |(including | |against |against|of |Issued |
|
| | |discretionary| | | |votes |Share
|withheld |
| | |votes) |for * | | |validly
|Capital|** |
| | | | | | |cast |voted |
|
+---+------------+-------------+-------+----------+-------+-----------+-------+-
--------+
|1. |That the |328,942,654 |99.97 |110,014 |0.03 |329,052,668|75.11%
|2,437,681|
| |accounts for| | | | | | |
|
| |the year | | | | | | |
|
| |ended | | | | | | |
|
| |30April | | | | | | |
|
| |2023, the | | | | | | |
|
| |directors' | | | | | | |
|
| |report and | | | | | | |
|
| |the | | | | | | |
|
| |auditors' | | | | | | |
|
| |report be | | | | | | |
|
| |adopted. | | | | | | |
|
+---+------------+-------------+-------+----------+-------+-----------+-------+-
--------+
|2. |That the |319,772,680 |96.60 |11,241,935|3.40 |331,014,615|75.56%
|475,734 |
| |directors' | | | | | | |
|
| |remuneration| | | | | | |
|
| |report for | | | | | | |
|
| |the year | | | | | | |
|
| |ended | | | | | | |
|
| |30April 2023| | | | | | |
|
| |be approved.| | | | | | |
|
+---+------------+-------------+-------+----------+-------+-----------+-------+-
--------+
|3. |That the |331,081,936 |100.00 |1,496 |0.00 |331,083,432|75.58%
|406,917 |
| |final | | | | | | |
|
| |dividend | | | | | | |
|
| |recommended | | | | | | |
|
| |by the | | | | | | |
|
| |directors of| | | | | | |
|
| |85 cents | | | | | | |
|
| | | | | | | | |
|
| |per ordinary| | | | | | |
|
| |share for | | | | | | |
|
| |the year | | | | | | |
|
| |ended 30 | | | | | | |
|
| |April 2023 | | | | | | |
|
| |be declared | | | | | | |
|
| |payable on | | | | | | |
|
| |12 September| | | | | | |
|
| |2023 to | | | | | | |
|
| |holders of | | | | | | |
|
| |ordinary | | | | | | |
|
| |shares | | | | | | |
|
| |registered | | | | | | |
|
| |at the close| | | | | | |
|
| |of business | | | | | | |
|
| |on 11 August| | | | | | |
|
| |2023. | | | | | | |
|
+---+------------+-------------+-------+----------+-------+-----------+-------+-
--------+
|4. |That Paul |301,708,636 |91.13 |29,370,573|8.87 |331,079,209|75.58%
|411,140 |
| |Walker be re| | | | | | |
|
| |-elected as | | | | | | |
|
| |a director. | | | | | | |
|
+---+------------+-------------+-------+----------+-------+-----------+-------+-
--------+
|5. |That Brendan|331,065,464 |100.00 |13,696 |0.00 |331,079,160|75.58%
|411,189 |
| |Horgan be re| | | | | | |
|
| |-elected as | | | | | | |
|
| |a director. | | | | | | |
|
+---+------------+-------------+-------+----------+-------+-----------+-------+-
--------+
|6. |That Michael|330,135,236 |99.71 |943,704 |0.29 |331,078,940|75.58%
|411,409 |
| |Pratt be re | | | | | | |
|
| |-elected as | | | | | | |
|
| |a director. | | | | | | |
|
+---+------------+-------------+-------+----------+-------+-----------+-------+-
--------+
|7. |That Angus |324,550,205 |98.03 |6,528,405 |1.97 |331,078,610|75.58%
|411,739 |
| |Cockburn be | | | | | | |
|
| |re-elected | | | | | | |
|
| |as a | | | | | | |
|
| |director. | | | | | | |
|
+---+------------+-------------+-------+----------+-------+-----------+-------+-
--------+
|8. |That Lucinda|316,147,326 |95.49 |14,935,286|4.51 |331,082,612|75.58%
|407,737 |
| |Riches be re| | | | | | |
|
| |-elected as | | | | | | |
|
| |a director. | | | | | | |
|
+---+------------+-------------+-------+----------+-------+-----------+-------+-
--------+
|9. |That Tanya |323,397,405 |97.68 |7,681,204 |2.32 |331,078,609|75.58%
|411,740 |
| |Fratto be re| | | | | | |
|
| |-elected as | | | | | | |
|
| |a director. | | | | | | |
|
+---+------------+-------------+-------+----------+-------+-----------+-------+-
--------+
|10.|That |323,618,322 |98.05 |6,446,299 |1.95 |330,064,621|75.35%
|1,425,728|
| |Lindsley | | | | | | |
|
| |Ruth be re | | | | | | |
|
| |-elected as | | | | | | |
|
| |a director. | | | | | | |
|
+---+------------+-------------+-------+----------+-------+-----------+-------+-
--------+
|11.|That Jill |322,299,399 |97.35 |8,779,810 |2.65 |331,079,209|75.58%
|411,140 |
| |Easterbrook | | | | | | |
|
| |re-elected | | | | | | |
|
| |as a | | | | | | |
|
| |director. | | | | | | |
|
+---+------------+-------------+-------+----------+-------+-----------+-------+-
--------+
|12.|That Renata |324,671,372 |98.06 |6,407,837 |1.94 |331,079,209|75.58%
|411,140 |
| |Ribeiro be | | | | | | |
|
| |elected as a| | | | | | |
|
| |director. | | | | | | |
|
+---+------------+-------------+-------+----------+-------+-----------+-------+-
--------+
|13.|That PwC be |329,124,396 |99.41 |1,946,364 |0.59 |331,070,760|75.58%
|419,589 |
| |appointed as| | | | | | |
|
| |auditor of | | | | | | |
|
| |the Company.| | | | | | |
|
+---+------------+-------------+-------+----------+-------+-----------+-------+-
--------+
|14.|That the |330,987,896 |99.97 |89,479 |0.03 |331,077,375|75.58%
|412,974 |
| |audit | | | | | | |
|
| |committee be| | | | | | |
|
| |authorised | | | | | | |
|
| |to agree the| | | | | | |
|
| |remuneration| | | | | | |
|
| |of the | | | | | | |
|
| |auditor of | | | | | | |
|
| |the Company.| | | | | | |
|
+---+------------+-------------+-------+----------+-------+-----------+-------+-
--------+
|15.|That the |316,711,862 |95.66 |14,354,965|4.34 |331,066,827|75.57%
|423,522 |
| |directors | | | | | | |
|
| |are | | | | | | |
|
| |authorised | | | | | | |
|
| |to allot the| | | | | | |
|
| |shares under| | | | | | |
|
| |section 551 | | | | | | |
|
| |(1) (a) and | | | | | | |
|
| |(b) of the | | | | | | |
|
| |Companies | | | | | | |
|
| |Act 2006. | | | | | | |
|
+---+------------+-------------+-------+----------+-------+-----------+-------+-
--------+
| |SPECIAL |Votes for |% Votes|Votes |% Votes|Total no. |% of
|Votes |
| |RESOLUTIONS |(including | |against |against|of |Issued |
|
| | |discretionary| | | |votes |Share
|withheld |
| | |votes) |for * | | |validly
|Capital|** |
| | | | | | |cast |voted |
|
+---+------------+-------------+-------+----------+-------+-----------+-------+-
--------+
|16.|That the |328,360,336 |99.22 |2,567,929 |0.78 |330,928,265|75.54%
|562,084 |
| |directors be| | | | | | |
|
| |empowered to| | | | | | |
|
| |disapply the| | | | | | |
|
| |provisions | | | | | | |
|
| |of section | | | | | | |
|
| |561 (1) to | | | | | | |
|
| |(6) of the | | | | | | |
|
| |Companies | | | | | | |
|
| |Act 2006. | | | | | | |
|
+---+------------+-------------+-------+----------+-------+-----------+-------+-
--------+
|17.|That the |325,659,301 |98.41 |5,266,423 |1.59 |330,925,724|75.54%
|564,625 |
| |directors be| | | | | | |
|
| |empowered to| | | | | | |
|
| |issue shares| | | | | | |
|
| |on a non | | | | | | |
|
| | | | | | | | |
|
| |pre-emptive | | | | | | |
|
| |basis. | | | | | | |
|
+---+------------+-------------+-------+----------+-------+-----------+-------+-
--------+
|18.|That the |321,823,149 |97.25 |9,114,968 |2.75 |330,938,117|75.54%
|552,232 |
| |directors be| | | | | | |
|
| |authorised | | | | | | |
|
| |to make | | | | | | |
|
| |market | | | | | | |
|
| |purchases of| | | | | | |
|
| |the | | | | | | |
|
| |Company's | | | | | | |
|
| |shares under| | | | | | |
|
| |section 701 | | | | | | |
|
| |of the | | | | | | |
|
| |Companies | | | | | | |
|
| |Act. | | | | | | |
|
+---+------------+-------------+-------+----------+-------+-----------+-------+-
--------+
|19.|That a |319,641,874 |96.55 |11,434,120|3.45 |331,075,994|75.58%
|414,355 |
| |general | | | | | | |
|
| |meeting | | | | | | |
|
| |other than | | | | | | |
|
| |an annual | | | | | | |
|
| |general | | | | | | |
|
| |meeting | | | | | | |
|
| | | | | | | | |
|
| |may be | | | | | | |
|
| |called on | | | | | | |
|
| |not less | | | | | | |
|
| |than 14 | | | | | | |
|
| |clear days' | | | | | | |
|
| |notice. | | | | | | |
|
+---+------------+-------------+-------+----------+-------+-----------+-------+-
--------+
* Includes discretionary votes
** A vote withheld is not a vote in law and is not counted in the calculation of
the proportion of votes "for" and "against" a resolution.
Following the 2022 AGM, the Company responded to the level of support for the
directors' remuneration report and the re-election of Lucinda Riches resolutions
being below 80% by conducting an engagement with those institutional
shareholders identified as voting against the resolutions. The outcome of this
engagement was detailed in an RNS dated 3 March 2023 and in the Company's 2023
Annual Report.
In accordance with Listing Rule 9.6.2, a copy of the special resolutions have
been submitted to the National Storage Mechanism and will shortly be available
for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Contact:
Will Shaw - Investment Manager, 020 7726 9700
Maitland
Sam Cartwright - 0207 379 5151
This information was brought to you by Cision http://news.cision.com
END
(END) Dow Jones Newswires
September 06, 2023 10:38 ET (14:38 GMT)
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