Ashtead Group Plc - Results of AGM
AGM Statement
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AGM Statement & Results
AGM Statement & Results
At the Annual General Meeting ("AGM") of the Company held on 4
As at 18:30 (
_______________________________________________________________________________________ | | |Votes for | | | |Total no. |% of | | | |ORDINARY |(including |% |Votes |% Votes|of votes |Issued |Votes | | |RESOLUTIONS |discretionary|Votes|against |against|validly |Share | | | | |votes) |for *| | |cast |Capital|withheld**| | | | | | | | |voted | | |___|____________|_____________|_____|___________|_______|___________|_______|__________| | |That the | | | | | | | | | |accounts for| | | | | | | | | |the year | | | | | | | | | |ended 30 | | | | | | | | | |April 2024, | | | | | | | | |1. |the |319,960,902 |99.94|176,104 |0.06 |320,137,006|73.21% |1,729,414 | | |directors' | | | | | | | | | |report and | | | | | | | | | |the | | | | | | | | | |auditors' | | | | | | | | | |report be | | | | | | | | | |adopted. | | | | | | | | |___|____________|_____________|_____|___________|_______|___________|_______|__________| | |That the | | | | | | | | | |directors' | | | | | | | | | |remuneration| | | | | | | | |2. |report for |315,461,099 |98.02|6,365,837 |1.98 |321,826,936|73.59% |39,483 | | |the year | | | | | | | | | |ended 30 | | | | | | | | | |April 2024 | | | | | | | | | |be approved.| | | | | | | | |___|____________|_____________|_____|___________|_______|___________|_______|__________| | |That the | | | | | | | | | |directors' | | | | | | | | | |remuneration| | | | | | | | |3. |policy set |199,333,758 |63.20|116,067,153|36.80 |315,400,911|72.12% |6,465,508 | | |out in the | | | | | | | | | |Annual | | | | | | | | | |Report be | | | | | | | | | |approved | | | | | | | | |___|____________|_____________|_____|___________|_______|___________|_______|__________| | |That the | | | | | | | | | |final | | | | | | | | | |dividend | | | | | | | | | |recommended | | | | | | | | | |by the | | | | | | | | | |directors of| | | | | | | | | |89.25 US | | | | | | | | | |cents | | | | | | | | | | | | | | | | | | | |per ordinary| | | | | | | | | |share for | | | | | | | | | |the year | | | | | | | | |4. |ended 30 |321,753,141 |99.97|94,135 |0.03 |321,847,276|73.60% |19,144 | | |April 2024 | | | | | | | | | |be declared | | | | | | | | | |payable on | | | | | | | | | |10 September| | | | | | | | | |2024 to | | | | | | | | | |holders of | | | | | | | | | |ordinary | | | | | | | | | |shares | | | | | | | | | |registered | | | | | | | | | |at the close| | | | | | | | | |of business | | | | | | | | | |on 9 August | | | | | | | | | |2024. | | | | | | | | |___|____________|_____________|_____|___________|_______|___________|_______|__________| | |That Paul | | | | | | | | | |Walker be | | | | | | | | |5. |re-elected |305,384,443 |94.89|16,443,749 |5.11 |321,828,192|73.59% |38,228 | | |as a | | | | | | | | | |director. | | | | | | | | |___|____________|_____________|_____|___________|_______|___________|_______|__________| | |That Brendan| | | | | | | | | |Horgan be | | | | | | | | |6. |re-elected |321,828,217 |99.99|16,145 |0.01 |321,844,362|73.60% |22,058 | | |as a | | | | | | | | | |director. | | | | | | | | |___|____________|_____________|_____|___________|_______|___________|_______|__________| | |That Michael| | | | | | | | | |Pratt be | | | | | | | | |7. |re-elected |319,425,228 |99.25|2,402,970 |0.75 |321,828,198|73.59% |38,222 | | |as a | | | | | | | | | |director. | | | | | | | | |___|____________|_____________|_____|___________|_______|___________|_______|__________| | |That Angus | | | | | | | | | |Cockburn be | | | | | | | | |8. |re-elected |312,819,928 |97.20|9,009,864 |2.80 |321,829,792|73.59% |36,628 | | |as a | | | | | | | | | |director. | | | | | | | | |___|____________|_____________|_____|___________|_______|___________|_______|__________| | |That Lucinda| | | | | | | | | |Riches be | | | | | | | | |9. |re-elected |276,916,470 |86.04|44,913,099 |13.96 |321,829,569|73.59% |36,849 | | |as a | | | | | | | | | |director. | | | | | | | | |___|____________|_____________|_____|___________|_______|___________|_______|__________| | |That Tanya | | | | | | | | | |Fratto be | | | | | | | | |10.|re-elected |313,512,063 |97.42|8,317,729 |2.58 |321,829,792|73.59% |36,628 | | |as a | | | | | | | | | |director. | | | | | | | | |___|____________|_____________|_____|___________|_______|___________|_______|__________| | |That Jill | | | | | | | | | |Easterbrook | | | | | | | | |11.|re-elected |312,704,023 |97.16|9,125,769 |2.84 |321,829,792|73.59% |36,628 | | |as a | | | | | | | | | |director. | | | | | | | | |___|____________|_____________|_____|___________|_______|___________|_______|__________| | |That Renata | | | | | | | | |12.|Ribeiro be |312,371,694 |97.41|8,295,613 |2.59 |320,667,307|73.33% |1,199,113 | | |elected as a| | | | | | | | | |director. | | | | | | | | |___|____________|_____________|_____|___________|_______|___________|_______|__________| | |That Roy | | | | | | | | |13.|Twite be |320,325,295 |99.89|344,019 |0.11 |320,669,314|73.33% |1,197,106 | | |elected as a| | | | | | | | | |director. | | | | | | | | |___|____________|_____________|_____|___________|_______|___________|_______|__________| | |That PwC be | | | | | | | | |14.|appointed as|320,574,604 |99.61|1,246,511 |0.39 |321,821,115|73.59% |45,305 | | |auditor of | | | | | | | | | |the Company.| | | | | | | | |___|____________|_____________|_____|___________|_______|___________|_______|__________| | |That the | | | | | | | | | |audit | | | | | | | | | |committee be| | | | | | | | | |authorised | | | | | | | | |15.|to agree the|321,760,060 |99.98|73,929 |0.02 |321,833,989|73.60% |32,431 | | |remuneration| | | | | | | | | |of the | | | | | | | | | |auditor of | | | | | | | | | |the Company.| | | | | | | | |___|____________|_____________|_____|___________|_______|___________|_______|__________| | |Approval of | | | | | | | | | |the | | | | | | | | | |amendment to| | | | | | | | | |the rules of| | | | | | | | |16.|theAshtead |197,073,349 |62.49|118,317,407|37.51 |315,390,756|72.12% |6,475,663 | | |Group | | | | | | | | | |Long-Term | | | | | | | | | |Incentive | | | | | | | | | |Plan 2021 | | | | | | | | |___|____________|_____________|_____|___________|_______|___________|_______|__________| | |That the | | | | | | | | | |directors | | | | | | | | | |are | | | | | | | | | |authorised | | | | | | | | | |to allot the| | | | | | | | |17.|shares under|310,490,547 |96.47|11,345,471 |3.53 |321,836,018|73.60% |30,402 | | |section 551 | | | | | | | | | |(1) (a) and | | | | | | | | | |(b) of the | | | | | | | | | |Companies | | | | | | | | | |Act 2006. | | | | | | | | |___|____________|_____________|_____|___________|_______|___________|_______|__________| | | |Votes for | | | |Total no. |% of | | | |SPECIAL |(including |% |Votes |% Votes|of votes |Issued |Votes | | |RESOLUTIONS |discretionary|Votes|against |against|validly |Share | | | | |votes) |for *| | |cast |Capital|withheld**| | | | | | | | |voted | | |___|____________|_____________|_____|___________|_______|___________|_______|__________| | |That the | | | | | | | | | |directors be| | | | | | | | | |empowered to| | | | | | | | | |disapply the| | | | | | | | |18.|provisions |301,169,011 |93.59|20,630,839 |6.41 |321,799,850|73.59% |66,570 | | |of section | | | | | | | | | |561 (1) to | | | | | | | | | |(6) of the | | | | | | | | | |Companies | | | | | | | | | |Act 2006. | | | | | | | | |___|____________|_____________|_____|___________|_______|___________|_______|__________| | |That the | | | | | | | | | |directors be| | | | | | | | | |empowered to| | | | | | | | |19.|issue shares|294,463,977 |91.56|27,148,512 |8.44 |321,612,489|73.55% |253,931 | | |on a non | | | | | | | | | | | | | | | | | | | |pre-emptive | | | | | | | | | |basis. | | | | | | | | |___|____________|_____________|_____|___________|_______|___________|_______|__________| | |That the | | | | | | | | | |directors be| | | | | | | | | |authorised | | | | | | | | | |to make | | | | | | | | | |market | | | | | | | | | |purchases of| | | | | | | | |20.|the |314,106,605 |97.61|7,707,185 |2.39 |321,813,790|73.59% |52,629 | | |Company's | | | | | | | | | |shares under| | | | | | | | | |section 701 | | | | | | | | | |of the | | | | | | | | | |Companies | | | | | | | | | |Act. | | | | | | | | |___|____________|_____________|_____|___________|_______|___________|_______|__________| | |That a | | | | | | | | | |general | | | | | | | | | |meeting | | | | | | | | | |other than | | | | | | | | | |an annual | | | | | | | | | |general | | | | | | | | |21.|meeting |313,089,701 |97.28|8,745,621 |2.72 |321,835,322|73.60% |31,097 | | | | | | | | | | | | |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. | |___|___________________________________________________________________________________|
The Ashtead Board is pleased to note that all resolutions were passed with the requisite majority of votes and welcomes the overwhelming support of the Company's shareholders for the majority of the resolutions proposed.
The Company notes the level of shareholder support for resolution 3 (Approval of the Directors' Remuneration Policy) and resolution 16 (the amendment to the rules of the Long-Term Incentive Plan). Prior to the AGM, the Remuneration Committee undertook an extensive consultation with its largest shareholders on the proposed Directors' Remuneration Policy (the "Policy") and its implementation.
The Committee received indications of broad support during this process, but also took into account the full range of feedback received. As described in the 2024 Annual Report, the Committee was very mindful of the need to balance sometimes divergent shareholder views with the particular context and circumstances for
The Company will now engage with its shareholders in respect of the implementation of the Policy.
In accordance with the
Contact:
H/Advisors Maitland