TIDMSDY

RNS Number : 3283L

Speedy Hire PLC

09 September 2021

Speedy Hire Plc

9 September 2021

Speedy Hire Plc ("Company")

Resolutions passed at Annual General Meeting - 9 September 2021

At the Annual General Meeting of the Company held on 9 September 2021 at the offices of Addleshaw Goddard LLP at One St Peter's Square, Manchester M2 3DE, all resolutions were passed on a show of hands.

The following is a summary of the Forms of Proxy received prior to the time of the Annual General Meeting by the Registrars, appointing the Chairman of the Annual General Meeting as proxy:

 
 No   Resolution                           For*                     Against             Withheld** 
                                 No. of Votes   % of Vote   No. of Votes   % of Vote   No. of Votes 
     -------------------------  -------------  ----------  -------------  ----------  ------------- 
      To receive and 
       adopt the annual 
       accounts for the 
       financial year 
       ended 31 March 
       2021 together 
       with the 
       reports of the 
       Directors and 
 1     auditors (ordinary).       417,975,373      99.98%         79,986       0.02%        121,494 
     -------------------------  -------------  ----------  -------------  ----------  ------------- 
      To approve the 
       Directors' Remuneration 
       Report for the 
       financial year 
       ended 31 March 
 2     2021 (ordinary).           299,292,417      78.64%     81,308,422      21.36%     37,576,014 
     -------------------------  -------------  ----------  -------------  ----------  ------------- 
      To declare a final 
       dividend of 1.40 
       pence per share 
       in respect of 
       the year ended 
       31 March 2021 
 3     (ordinary).                418,113,853     100.00%          3,000       0.00%         60,000 
     -------------------------  -------------  ----------  -------------  ----------  ------------- 
      To elect James 
       Bunn as a Director 
       of the Company 
 4     (ordinary).                418,008,291      99.96%        149,958       0.04%         18,604 
     -------------------------  -------------  ----------  -------------  ----------  ------------- 
      To elect Shatish 
       Dasani as a Director 
       of the Company 
 5     (ordinary).                418,063,847      99.98%         94,402       0.02%         18,604 
     -------------------------  -------------  ----------  -------------  ----------  ------------- 
      To elect Carol 
       Kavanagh as a 
       Director of the 
 6     Company (ordinary).        417,982,013      99.96%        176,236       0.04%         18,604 
     -------------------------  -------------  ----------  -------------  ----------  ------------- 
      To re-elect David 
       Shearer as a Director 
       of the Company 
 7     (ordinary).                397,364,565      95.03%     20,793,684       4.97%         18,604 
     -------------------------  -------------  ----------  -------------  ----------  ------------- 
      To re-elect Russell 
       Down as a Director 
       of the Company 
 8     (ordinary).                418,064,534      99.98%         95,567       0.02%         16,752 
     -------------------------  -------------  ----------  -------------  ----------  ------------- 
      To re-elect David 
       Garman as a Director 
       of the Company 
 9     (ordinary).                411,054,651      98.30%      7,103,598       1.70%         18,604 
     -------------------------  -------------  ----------  -------------  ----------  ------------- 
      To re-elect Rob 
       Barclay as a Director 
       of the Company 
 10    (ordinary).                401,350,024      95.98%     16,823,225       4.02%          3,604 
     -------------------------  -------------  ----------  -------------  ----------  ------------- 
      To re-elect Rhian 
       Bartlett as a 
       Director of the 
 11    Company (ordinary).        411,050,622      98.30%      7,093,317       1.70%         32,914 
     -------------------------  -------------  ----------  -------------  ----------  ------------- 
      To appoint KPMG 
       LLP as Auditors 
 12    (ordinary).                415,802,912      99.45%      2,304,089       0.55%         69,852 
     -------------------------  -------------  ----------  -------------  ----------  ------------- 
      To authorise the 
       Directors to determine 
       the remuneration 
 13    of KPMG LLP (ordinary).    417,871,159      99.93%        283,654       0.07%         22,040 
     -------------------------  -------------  ----------  -------------  ----------  ------------- 
      To authorise the 
       Directors to allot 
 14    shares (ordinary).         413,621,478      98.92%      4,504,448       1.08%         50,927 
     -------------------------  -------------  ----------  -------------  ----------  ------------- 
      To authorise the 
       Directors to allot 
       securities free 
       from pre-emption 
       rights, subject 
       to certain specified 
 15    limitations (special).     417,955,312      99.96%        183,714       0.04%         37,827 
     -------------------------  -------------  ----------  -------------  ----------  ------------- 
      To disapply statutory 
       pre-emption rights 
       in relation to 
       acquisitions or 
       other capital 
 16    investments (special).     412,427,108      98.63%      5,737,073       1.37%         12,672 
     -------------------------  -------------  ----------  -------------  ----------  ------------- 
      To authorise the 
       Company to make 
       market purchases 
       of its own shares 
 17    (special).                 416,026,923      99.53%      1,960,650       0.47%        189,280 
     -------------------------  -------------  ----------  -------------  ----------  ------------- 
      To authorise the 
       calling of general 
       meetings on not 
       less than 14 days' 
 18    notice (special).          417,181,378      99.77%        968,733       0.23%         26,742 
     -------------------------  -------------  ----------  -------------  ----------  ------------- 
      To permit the 
       Company to make 
       political donations 
 19    (ordinary).                394,791,553      94.42%     23,352,126       5.58%         33,174 
     -------------------------  -------------  ----------  -------------  ----------  ------------- 
 

* The votes of any proxy giving the Chairman discretion how to vote have been included in the votes For a resolution.

** A vote withheld is not a vote in law and is not counted in the calculation of percentages of votes cast For and Against a resolution.

N.B. Percentage figures are rounded to 2 decimal places.

The Board notes that, while all of the resolutions at today's Annual General Meeting were passed with the requisite majority, Resolution 2 (Approval of the Remuneration Report) passed with 78.64% of votes in favour.

Following recent engagement on our Remuneration Report with our major shareholders, we would like to thank those who discussed their views with us. FY2021 was an exceptional year due to the Covid-19 pandemic which resulted in some challenging circumstances for the Remuneration Committee to consider. We were reassured that a good majority of shareholders were supportive of the decisions taken. That said, we acknowledge that some shareholders did not agree.

Following the AGM, the Remuneration Committee will continue to engage with our major shareholders to fully understand their concerns. We will publish an update on our engagement within six months of the AGM, in accordance with the UK Corporate Governance Code.

As at the date of the AGM, the number of issued shares of the Company was 528,509,631.

In accordance with Listing Rule 9.6.2, copies of all the resolutions passed as special business at the Annual General Meeting will shortly be available for inspection at the National Storage Mechanism which can be accessed at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

Neil Hunt

Company Secretary

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END

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(END) Dow Jones Newswires

September 09, 2021 12:15 ET (16:15 GMT)

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