Result of AGM

Released : 11.05.2017 15:45

RNS Number : 9179E
Direct Line Insurance Group PLC
11 May 2017
 

2017 AGM POLL RESULTS FOR DIRECT LINE INSURANCE GROUP PLC

 

11 May 2017

  

Direct Line Insurance Group plc (the "Company") announces that all resolutions proposed to shareholders at its Annual General Meeting today were carried by the requisite majority on a poll.

 

The following table shows the votes cast for each resolution:

 

Resolution

For

% of votes cast

Against

% of votes cast

Total votes

% of issued share capital voted

Votes withheld

1.

To receive the report & accounts for the year ended 31 December 2016

924,212,440

99.83

1,610,725

0.17

925,823,165

67.33%

3,241,945

2.

To approve the Directors' remuneration report

916,037,366

99.32

6,285,817

0.68

922,323,183

67.08%

6,738,340

3.

To approve the Directors' remuneration policy

881,046,703

98.29

15,349,348

1.71

896,396,051

65.19%

32,669,059

4.

To declare a final dividend of 9.7p

925,706,975

99.65

3,293,459

0.35

929,000,434

67.56%

64,676

5.

To re-elect Mike Biggs as a Director

919,362,299

99.09

8,427,601

0.91

927,789,900

67.48%

1,275,210

6.

To re-elect Paul Geddes as a Director

925,489,642

99.67

3,050,968

0.33

928,540,610

67.53%

524,318

7.

To elect Danuta Gray as a Director

920,775,130

99.16

7,759,815

0.84

928,534,945

67.53%

530,165

8.

To re-elect Jane Hanson as a Director

925,525,267

99.68

3,011,017

0.32

928,536,284

67.53%

528,826

9.

To elect Mike Holliday-Williams as a Director

924,739,497

99.59

3,807,312

0.41

928,546,809

67.53%

518,301

10.

To re-elect Sebastian James as a Director

923,055,834

99.41

5,480,727

0.59

928,536,561

67.53%

528,549

11.

To re-elect Andrew Palmer as a Director

923,193,885

99.42

5,343,592

0.58

928,537,477

67.53%

527,451

12.

To re-elect John Reizenstein as a Director

924,749,243

99.59

3,791,078

0.41

928,540,321

67.53%

524,789

13.

To re-elect Clare Thompson as a Director

922,965,052

99.41

5,473,864

0.59

928,438,916

67.52%

626,194

14.

To re-elect Richard Ward as a Director

925,561,079

99.68

2,973,792

0.32

928,534,871

67.53%

527,874

15.

To approve the re-appointment of the Company's Auditor

915,886,740

98.59

13,088,038

1.41

928,974,778

67.56%

90,332

16.

To authorise the Audit Committee to agree the Auditor's remuneration

926,912,761

99.78

2,076,040

0.22

928,988,801

67.56%

76,309

17.

To authorise the Company to make political donations

908,210,254

98.25

16,201,102

1.75

924,411,356

67.23%

4,652,101

18.

To approve the Directors' authority to allot new shares

882,266,654

95.06

45,872,248

4.94

928,138,902

67.50%

926,208

19.

To approve the Directors' general authority to disapply             pre-emption rights*

928,078,873

99.90

901,544

0.10

928,980,417

67.56%

84,693

20.

To approve the Directors' additional authority to disapply             pre-emption rights*

911,475,775

98.12

17,500,798

1.88

928,976,573

67.56%

88,537

21.

To authorise the Company to purchase its own shares*

919,240,195

98.96

9,634,530

1.04

928,874,725

67.55%

190,385

22.

To authorise the Directors to allot new shares in relation to an issue of Solvency II Compliant Restricted Tier 1 Capital Instruments

920,055,333

99.04

8,879,237

0.96

928,934,570

67.56%

130,540

23.

To authorise the Directors to disapply pre-emption rights in relation to an issue of Solvency II Compliant Restricted Tier 1 Capital Instruments*

910,450,620

98.01

18,526,138

1.99

928,976,758

67.56%

88,352

24.

To authorise the Company to call general meetings on 14 clear days' notice*

843,100,204

91.20

81,326,884

8.80

924,427,088

67.23%

4,638,022

 

 

 

NOTES:

1.     * indicates a Special Resolution requiring 75% of votes cast to be carried.

2.     Votes "For" and "Against" are expressed as a percentage of votes cast.

3.     Votes "For" include discretionary votes.

4.     A "Vote withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.

5.     Total number of shares in issue is 1,375,000,000 ordinary shares. Ordinary shareholders are entitled to one vote per share held. 

 

6.     To view the full wording of the resolutions, please refer to the 2017 Notice of Annual General Meeting on the Company's website.

In accordance with the UK Listing Authority's Listing Rule 9.6.2, copies of all the resolutions passed other than resolutions concerning ordinary business have been submitted to the UK Listing Authority via the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.do. 

Contact:

Sian Hoskins

Assistant Company Secretary

Email:  Sian.Hoskins@directlinegroup.co.uk                                                            

Telephone:  01651 831681



This information is provided by RNS
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