TIDMTCG
RNS Number : 4714W
Thomas Cook Group PLC
09 February 2017
9 February 2017
Thomas Cook Group plc
(the "Company")
Results of Annual General Meeting ("AGM")
At the Company's AGM held today at 10.30 am, all resolutions set
out in the Notice of Meeting were voted on a poll and were passed
by the requisite majorities. The poll results of each resolution
are set out in the table below.
RESOLUTION VOTES % VOTES % VOTES % of VOTES
FOR AGAINST TOTAL ISC WITHHELD
VOTED
----------------------- -------------- ------- ------------ ------ -------------- ------- -----------
1. receive
the Annual
Report & Accounts
2016 1,284,107,526 99.99 83,555 0.01 1,284,191,081 83.61% 658,814
----------------------- -------------- ------- ------------ ------ -------------- ------- -----------
2. declare
a final dividend 1,284,667,906 100.00 16,122 0.00 1,284,684,028 83.65% 165,867
----------------------- -------------- ------- ------------ ------ -------------- ------- -----------
3. approve
the Directors'
Remuneration
Policy 994,036,827 78.32 275,169,417 21.68 1,269,206,244 82.64% 15,663,744
----------------------- -------------- ------- ------------ ------ -------------- ------- -----------
4. approve
the Directors'
Remuneration
Report 995,505,485 77.49 289,162,803 22.51 1,284,668,288 83.65% 201,701
----------------------- -------------- ------- ------------ ------ -------------- ------- -----------
5. elect Lesley
Knox 1,284,455,580 99.99 154,540 0.01 1,284,610,120 83.64% 239,775
----------------------- -------------- ------- ------------ ------ -------------- ------- -----------
6. re-elect
Dawn Airey 1,091,949,420 85.00 192,686,633 15.00 1,284,636,053 83.64% 213,842
----------------------- -------------- ------- ------------ ------ -------------- ------- -----------
7. re-elect
Annet Aris 1,091,230,495 84.94 193,403,134 15.06 1,284,633,629 83.64% 216,266
----------------------- -------------- ------- ------------ ------ -------------- ------- -----------
8. re-elect
Emre Berkin 1,091,948,182 85.00 192,681,976 15.00 1,284,630,158 83.64% 219,737
----------------------- -------------- ------- ------------ ------ -------------- ------- -----------
9. re-elect
Peter Fankhauser 1,240,733,421 96.58 43,916,010 3.42 1,284,649,431 83.64% 200,464
----------------------- -------------- ------- ------------ ------ -------------- ------- -----------
10. re-elect
Michael Healy 1,284,431,545 99.98 197,941 0.02 1,284,629,486 83.64% 220,409
----------------------- -------------- ------- ------------ ------ -------------- ------- -----------
11. re-elect
Frank Meysman 1,283,326,282 99.90 1,278,324 0.10 1,284,604,606 83.64% 244,569
----------------------- -------------- ------- ------------ ------ -------------- ------- -----------
12. re-elect
Warren Tucker 1,091,954,231 85.00 192,659,021 15.00 1,284,613,252 83.64% 236,643
----------------------- -------------- ------- ------------ ------ -------------- ------- -----------
13. re-elect
Martine Verluyten 1,284,392,014 99.99 179,462 0.01 1,284,571,476 83.64% 258,324
----------------------- -------------- ------- ------------ ------ -------------- ------- -----------
14. appoint
Ernst & Young
LLP as Auditor 1,284,432,954 99.98 231,317 0.02 1,284,664,271 83.65% 185,624
----------------------- -------------- ------- ------------ ------ -------------- ------- -----------
15. authority
to determine
the Auditor's
remuneration 1,284,286,427 99.97 351,639 0.03 1,284,638,066 83.64% 211,829
----------------------- -------------- ------- ------------ ------ -------------- ------- -----------
16. authority
to make political
donations 1,277,571,675 99.68 4,124,437 0.32 1,281,696,112 83.45% 3,153,783
----------------------- -------------- ------- ------------ ------ -------------- ------- -----------
17. authority
to allot shares 1,208,749,597 94.10 75,825,320 5.90 1,284,574,917 83.64% 274,978
----------------------- -------------- ------- ------------ ------ -------------- ------- -----------
18. approve
the 2017 Performance
Share Plan 1,221,585,326 95.10 62,919,140 4.90 1,284,504,466 83.63% 345,429
----------------------- -------------- ------- ------------ ------ -------------- ------- -----------
19. approve
the 2017 Strategic
Share Incentive
Plan 864,521,174 67.30 419,976,359 32.70 1,284,497,533 83.63% 352,361
----------------------- -------------- ------- ------------ ------ -------------- ------- -----------
20. authority
to disapply
pre-emption
rights 1,284,120,512 99.97 411,555 0.03 1,284,532,067 83.64% 317,828
----------------------- -------------- ------- ------------ ------ -------------- ------- -----------
21. additional
authority
to disapply
pre-emption
rights 1,264,088,917 98.41 20,439,486 1.59 1,284,528,403 83.64% 321,492
----------------------- -------------- ------- ------------ ------ -------------- ------- -----------
22. authority
for a 14-day
notice period
for general
meetings 1,258,814,400 98.01 25,545,909 1.99 1,284,360,309 83.63% 489,585
----------------------- -------------- ------- ------------ ------ -------------- ------- -----------
Notes:
1. A "vote withheld" is not a vote in law and is not counted in
the calculation of the proportion of the votes "for" and "against"
a resolution.
2. The number of EUR0.01 Ordinary shares in issue on 9 February
2017 was 1,535,851,316. Shareholders are entitled to one vote per
share.
In accordance with Listing Rule 9.6.3R, a copy of the
resolutions passed as Special Business at the AGM have been
submitted to the National Storage Mechanism and will be available
in due course for viewing at
http://www.morningstar.co.uk/uk/NSM
All resolutions presented to shareholders at today's Annual
General Meeting were passed with a majority of votes. However, the
Board recognises that there was a minority of votes opposing
resolutions 3, 4 and 19.
While the Board is pleased that the resolutions have received
shareholder approval, it also acknowledges the views of the
shareholders who voted against. We have consulted with a number of
shareholders and proxy advisor bodies during the year and again in
recent weeks to discuss their concerns, in particular relating to
the Strategic Share Incentive Plan (SSIP). From the feedback the
Board has received in those discussions, it is clear that there
remain concerns about the level of information around the possible
strategic objectives and the size of the maximum potential
award.
As a result, the Remuneration Committee reconfirms its intention
not to use the SSIP in the current financial year. If and when it
does decide to make any future award under the SSIP, it commits to
consult fully with major shareholders and their representatives.
This will include discussing the detailed rationale and strategic
objectives with shareholders in advance. In addition, the
Remuneration Committee commits to ensure that the award is such
that the maximum achievable under the SSIP will not exceed the
maximum achievable under the PSP.
The Board would like to reassure shareholders that it takes
seriously its responsibilities to engage with them and take their
views into account. We will assess the feedback we have received to
inform future consultations.
Enquiries:
Alice Marsden Robin Tozer
Group General Counsel and Group Head of Corporate
Company Secretary Communications
020 7294 7007 020 7294 7031
This information is provided by RNS
The company news service from the London Stock Exchange
END
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