Result of AGM
easyJet plc Poll Results
Annual General Meeting 23 February 2012
easyJet announces that the Annual General Meeting of the Company was held earlier today. All the resolutions were decided by poll.
The results of the poll incorporating proxy votes lodged in advance of the meeting are set out below:
|
Resolution |
For |
Against |
Withheld* |
Total Vote |
||||||
|
1. Receive the annual report and the audited accounts for the period ended 30 September 2011 |
216,440,915 |
343,607 |
160,674,565 |
216,784,522 |
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|
2. Approve the directors' remuneration report contained in the annual report and accounts |
210,099,499 |
167,201,533 |
158,054 |
377,301,032 |
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|
3. Elect Charles Gurassa as a Director |
376,560,284 |
387,174 |
511,629 |
376,947,458 |
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|
4. Elect Andrew Martin as a Director |
376,555,743 |
380,927 |
522,417 |
376,936,670 |
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|
5. Elect Adèle Anderson as a Director |
216,068,806 |
160,865,594 |
524,687 |
376,934,400 |
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|
6. Re-elect Sir Michael Rake as a Director |
212,366,662 |
161,425,110 |
3,667,314 |
373,791,772 |
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|
7. Re-elect Carolyn McCall as a Director |
216,385,781 |
385,682 |
160,687,624 |
216,771,463 |
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|
8. Re-elect Christopher Kennedy as a Director |
216,141,053 |
483,783 |
160,834,251 |
216,624,836 |
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|
9. Re-elect David Bennett as a Director |
215,850,564 |
728,002 |
160,880,521 |
216,578,566 |
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|
10. Re-elect Professor Rigas Doganis as a Director |
216,107,826 |
160,998,662 |
352,599 |
377,106,488 |
||||||
|
11. Re-elect John Browett as a Director |
215,962,297 |
617,666 |
160,879,124 |
216,579,963 |
||||||
|
12. Re-elect Keith Hamill as a Director |
215,223,261 |
161,839,681 |
396,145 |
377,062,942 |
||||||
|
13. Re-appoint PricewaterhouseCoopers LLP as auditors and authorise Directors to fix their remuneration |
216,250,753 |
161,041,095 |
167,239 |
377,291,848 |
||||||
|
14. Authorise the Company to make political donations |
210,493,762 |
6,306,443 |
160,658,882 |
216,800,205 |
||||||
|
15. Authorise Directors to allot shares |
216,187,833 |
161,038,858 |
234,079 |
377,226,691 |
||||||
|
16. Declare an ordinary dividend |
377,134,354 |
189,632 |
135,101 |
377,323,986 |
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|
17. Declare a special dividend and approve a consolidation of share capital |
376,810,990 |
509,395 |
138,702 |
377,320,385 |
||||||
|
18. Grant directors authority to disapply pre-emption rights (special resolution) |
216,126,810 |
160,828,142 |
504,135 |
376,954,952 |
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|
19. Authorise the Company to purchase its own shares (special resolution) |
216,311,843 |
404,858 |
160,742,386 |
216,716,701 |
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|
20. Authorise the Company to call a general meeting other than an AGM on not less than 14 days notice (special resolution) |
211,071,789 |
166,139,214 |
248,084 |
377,211,003 |
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* A vote withheld is not counted towards votes cast "For" or "Against".
The percentages of votes cast are as follows:
|
|
|
|
Excluding votes of Stelios and family |
|
|
Resolution |
For |
Against |
For |
Against |
|
1. Receive the annual report and the audited accounts for the period ended 30 September 2011 |
99.84% |
0.16% |
99.84% |
0.16% |
|
2. Approve the directors' remuneration report contained in the annual report and accounts |
55.68% |
44.32% |
96.90% |
3.10% |
|
3. Elect Charles Gurassa as a Director |
99.90% |
0.10% |
99.82% |
0.18% |
|
4. Elect Andrew Martin as a Director |
99.90% |
0.10% |
99.82% |
0.18% |
|
5. Elect Adèle Anderson as a Director |
57.32% |
42.68% |
99.82% |
0.18% |
|
6. Re-elect Sir Michael Rake as a Director |
56.81% |
43.19% |
99.56% |
0.44% |
|
7. Re-elect Carolyn McCall as a Director |
99.82% |
0.18% |
99.82% |
0.18% |
|
8. Re-elect Christopher Kennedy as a Director |
99.78% |
0.22% |
99.78% |
0.22% |
|
9. Re-elect David Bennett as a Director |
99.66% |
0.34% |
99.66% |
0.34% |
|
10. Re-elect Professor Rigas Doganis as a Director |
57.31% |
42.69% |
99.76% |
0.24% |
|
11. Re-elect John Browett as a Director |
99.71% |
0.29% |
99.71% |
0.29% |
|
12. Re-elect Keith Hamill as a Director |
57.08% |
42.92% |
99.37% |
0.63% |
|
13. Re-appoint PricewaterhouseCoopers LLP as auditors and authorise Directors to fix their remuneration |
57.32% |
42.68% |
99.74% |
0.26% |
|
14. Authorise the Company to make political donations |
97.09% |
2.91% |
97.09% |
2.91% |
|
15. Authorise Directors to allot shares |
57.31% |
42.69% |
99.74% |
0.26% |
|
16. Declare an ordinary dividend |
99.95% |
0.05% |
99.91% |
0.09% |
|
17. Declare a special dividend and approve a consolidation of share capital |
99.86% |
0.14% |
99.77% |
0.23% |
|
18. Grant directors authority to disapply pre-emption rights (special resolution) |
57.33% |
42.67% |
99.84% |
0.16% |
|
19. Authorise the Company to purchase its own shares (special resolution) |
99.81% |
0.19% |
99.81% |
0.19% |
|
20. Authorise the Company to call a general meeting other than an AGM on not less than 14 days notice (special resolution) |
55.96% |
44.04% |
97.39% |
2.61% |
Speaking at the Company's Annual General Meeting in Luton today, Sir Michael Rake, Chairman of easyJet plc, said:
"2011 was a record year for easyJet - it achieved its best ever operational performance, highest ever passengers numbers, high levels of customer satisfaction, highest ever profits and will pay its first ever dividends of around £200m to shareholders. Shareholders have also benefited from a 29% increase in share price over the last 12 months. All of this being achieved against the background of a difficult macro environment.
"It's clear from the votes cast that easyJet's shareholders have overwhelmingly voted with the Board and we thank them for their support. Over 99% of the shares voted by shareholders, other than Stelios and his family, were cast in favour of the Board's re-election and 97% were voted in favour of the company's Remuneration Report.
"The board also regrets that Stelios has chosen to block the two special resolutions (which require a 75% majority). Both are standard AGM resolutions and as the votes clearly show this is not what other shareholders want to see happen.
"The Board remains open and committed to constructive engagement with all its shareholders to build on the successes of the past year."
The results will also be made available on the Company's website: http://corporate.easyjet.com/
In accordance with LR 9.6.2, copies of the resolutions passed as special business have been forwarded to the FSA for publication through the Document Viewing Facility and will be accessible via the National Storage Mechanism website (www.hemscott.com/nsm.do).
The timetable in relation to dividends and the share consolidation is as follows:
|
Existing Ordinary Shares marked ex‑entitlement to the Ordinary Dividend |
Wednesday, 29 February 2012 |
|
Record Date for entitlement to the Special Dividend, Ordinary Dividend and for the Share Consolidation |
5.00pm on Friday, 2 March 2012 |
|
Existing Ordinary Shares marked ex-entitlement to the Special Dividend |
Monday, 5 March 2012 |
|
Effective time and date of the Share Consolidation and date CREST accounts credited with New Ordinary Shares |
08.00am on Monday, 5 March 2012 |
|
Commencement of dealings in New Ordinary Shares |
08.00am on Monday, 5 March 2012 |
|
Payment (where applicable) of fractional entitlements, despatch (where applicable) of certificates for New Ordinary Shares |
Friday, 23 March 2012 |
|
Payment of Ordinary Dividend and Special Dividend |
Friday, 23 March 2012 |
End
For further details please contact easyJet plc:
Investor:
Rachel Kentleton, Investor Relations +44 (0) 7961 754 468
Media (Frankfurt: 725292 - news) :
Paul Moore, Communications +44 (0) 1582 525 973
Edward Simpkins RLM Finsbury +44 (0) 7947 740551
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