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29 April 2025 23:07:07
- Source: Sharecast
RESULT OF AGM
OCADO GROUP PLC
29 April 2025
Ocado Group plc
Annual General Meeting 2025 Results
Ocado Group plc ("Ocado") held its Annual General Meeting (the "AGM") on 29 April 2025.
Resolutions 1 to 18 (inclusive) were passed as ordinary resolutions; resolutions 19 to 23 (inclusive) were passed as special resolutions. Results of the poll for each resolution are shown in the table below.
|
Resolutions |
For |
Against |
Total Votes |
Votes Withheld |
|||
|
Votes |
% |
Votes |
% |
||||
|
1. |
To receive the Annual Report and Accounts |
644,807,290 |
99.99% |
48,324 |
0.01% |
644,855,614 |
6,421,161 |
|
2. |
Approval of the Directors' Remuneration Report |
569,999,325 |
97.76% |
13,046,994 |
2.24% |
583,046,319 |
68,230,456 |
|
3. |
To elect Adam Warby as a Director of the Company |
649,384,179 |
99.94% |
367,986 |
0.06% |
649,752,165 |
1,524,610 |
|
4. |
To elect Gavin Patterson as a Director of the Company |
651,003,859 |
99.98% |
121,659 |
0.02% |
651,125,518 |
151,257 |
|
5. |
To re-elect Tim Steiner as a Director of the Company |
650,831,416 |
99.95% |
319,513 |
0.05% |
651,150,929 |
125,846 |
|
6. |
To re-elect Stephen Daintith as a Director of the Company |
650,850,066 |
99.96% |
292,792 |
0.04% |
651,142,858 |
133,917 |
|
7. |
To re-elect Jörn Rausing as a Director of the Company |
640,333,702 |
98.34% |
10,794,626 |
1.66% |
651,128,328 |
148,447 |
|
8. |
To re-elect Andrew Harrison as a Director of the Company |
634,308,031 |
97.42% |
16,813,455 |
2.58% |
651,121,486 |
155,289 |
|
9. |
To re-elect Emma Lloyd as a Director of the Company |
645,800,879 |
99.18% |
5,320,727 |
0.82% |
651,121,606 |
155,169 |
|
10. |
To re-elect Julie Southern as a Director of the Company |
645,295,639 |
99.11% |
5,826,689 |
0.89% |
651,122,328 |
154,447 |
|
11. |
To re-elect Nadia Shouraboura as a Director of the Company |
647,104,421 |
99.38% |
4,020,303 |
0.62% |
651,124,724 |
152,051 |
|
12. |
To re-elect Julia M. Brown as a Director of the Company |
647,074,691 |
99.38% |
4,045,235 |
0.62% |
651,119,926 |
156,849 |
|
13. |
To re-elect Rachel Osborne as a Director of the Company |
611,138,249 |
93.86% |
39,985,891 |
6.14% |
651,124,140 |
152,634 |
|
14. |
To re-appoint Deloitte LLP as auditor |
649,633,268 |
99.98% |
112,733 |
0.02% |
649,746,001 |
1,530,774 |
|
15. |
To authorise the Audit Committee, on behalf of the Board, to determine the auditor's remuneration |
651,020,330 |
99.98% |
147,928 |
0.02% |
651,168,258 |
108,517 |
|
16. |
Authority for political donations and political expenditure |
614,547,325 |
94.37% |
36,633,098 |
5.63% |
651,180,423 |
96,351 |
|
17. |
Authority to allot shares up to one-third of issued share capital |
648,962,408 |
99.67% |
2,173,917 |
0.33% |
651,136,325 |
140,450 |
|
18. |
Authority to allot shares in connection with a pre-emptive offer only |
649,293,115 |
99.72% |
1,826,225 |
0.28% |
651,119,340 |
157,435 |
|
19. |
General authority to disapply pre-emption rights* |
570,418,663 |
87.61% |
80,680,975 |
12.39% |
651,099,638 |
177,137 |
|
20. |
Additional authority to disapply pre-emption rights* |
566,429,973 |
87.00% |
84,668,570 |
13.00% |
651,098,543 |
178,232 |
|
21. |
Authority to purchase own shares* |
651,030,064 |
99.99% |
90,058 |
0.01% |
651,120,122 |
156,653 |
|
22. |
Amendment of the Articles of Association* |
650,984,343 |
99.98% |
121,907 |
0.02% |
651,106,250 |
170,525 |
|
23. |
Notice of general meetings* |
649,432,282 |
99.73% |
1,750,148 |
0.27% |
651,182,430 |
94,345 |
* Special Resolution
As required by the Listing Rules of the Financial Conduct Authority, a copy of certain resolutions have been submitted to the Financial Conduct Authority via the National Storage Mechanism. This document will be available shortly for viewing at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
A copy of the Annual General Meeting results will be available on Ocado's website: www.ocadogroup.com.
Person responsible for arranging the release of this announcement:
Megan Barnes
Head of Secretariat
Ocado Group plc
Buildings One & Two Trident Place,
Mosquito Way,
Hatfield
Hertfordshire, AL10 9UL
company.secretary@ocado.com
Ocado Group plc LEI: 213800LO8F61YB8MBC74
Notes:
(i) Votes 'withheld' are not votes under English law and so have not been included in the calculation of whether a resolution is carried. Percentages have been rounded to two decimal places.
(ii) As at 7.00am on 29 April 2025, the Company's issued share capital was 835,370,450 ordinary shares of 2p each admitted to trading. The Company does not hold any ordinary shares in treasury. Each ordinary share carries the right to one vote in relation to all circumstances at general meetings of the Company. Of these issued ordinary shares: (1) 3,798,394 shares are held by Computershare Trustees Limited, the trustee for the Company's employee Share Incentive Plan, who must vote, at the request of a participant, in respect of ordinary shares held by the trustee on behalf of that participant; (2) 536,438 shares are held by Wealth Nominees Limited, and 9,975,137 shares are held by Winterflood Client Nominees Limited, both on behalf of Ocorian Limited, the independent company which is the trustee of Ocado's Employee Benefit Trust (the "EBT Trustee"). The EBT Trustee has waived its right to exercise its voting rights and to receive dividends in respect of 9,975,137 ordinary shares, although it may vote in respect of 536,438 ordinary shares which have vested under the joint share ownership scheme and remain in the trust, at the request of a participant. The total of 10,511,575 ordinary shares held by the EBT Trustee are treated as treasury shares in the group's consolidated balance sheet in accordance with IAS 32 ''Financial Instruments: Presentation''. As such, calculations of earnings per share for Ocado exclude 10,511,575 ordinary shares held by the EBT Trustee.
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