Market Closed –
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5-day change | 1st Jan Change | ||
342.40 GBX |
-0.17% |
+0.06% |
+25.84% |
September 25, 2024 at 10:03 am EDT
International Distribution Services plc (Incorporated in England and Wales) Company Number: 8680755
LSE Share Code: IDS
ISIN: GB00BDVZYZ77
LEI: 213800TCZZU84G8Z2M70
25 September 2024
Results of Annual General Meeting held on 25 September 2024
International Distribution Services plc (the “Company“) announces that at its Annual General Meeting (AGM) held earlier today, all the resolutions put to shareholders were passed by the requisite majorities. Resolutions 1 to 19 were passed as ordinary resolutions and Resolutions 20 to 23 were passed as special resolutions. The results of the polls, on which Equiniti, the Company’s registrar, acted as scrutineer, are as follows:
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RESOLUTION |
FOR |
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AGAINST |
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TOTAL |
% OF |
WITHHELD |
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ISSUED |
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SHARE |
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CAPITAL |
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ORDINARY |
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RESOLUTION |
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1. |
To receive the |
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Company’s |
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audited accounts, |
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together with the |
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Strategic Report, |
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Directors’ Report |
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and Auditors’ |
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Report on those |
578,683,342 |
99.90 |
604,678 |
0.10 |
579,288,020 |
60.45% |
615,503 |
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accounts |
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2. |
To approve the |
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Directors’ |
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Remuneration |
567,676,871 |
97.95 |
11,881,146 |
2.05 |
579,558,017 |
60.48% |
335,565 |
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Report |
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3. |
To approve the |
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Directors’ |
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Remuneration |
569,649,931 |
98.30 |
9,864,850 |
1.70 |
579,514,781 |
60.47% |
346,241 |
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Policy |
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4. |
To approve the |
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amendments to |
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the rules of the |
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International |
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Distribution |
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Services plc Long |
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Term Incentive |
574,498,352 |
99.12 |
5,113,631 |
0.88 |
579,611,983 |
60.48% |
293,903 |
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Plan |
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5. |
To approve a final |
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dividend of 2 |
579,032,672 |
99.88 |
705,572 |
0.12 |
579,738,244 |
60.50% |
183,486 |
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pence per share |
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6. |
To re-appoint |
572,059,717 |
98.70 |
7,522,842 |
1.30 |
579,582,559 |
60.48% |
308,385 |
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Keith Williams |
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7. |
To re-appoint |
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Martin |
578,282,361 |
99.78 |
1,300,317 |
0.22 |
579,582,678 |
60.48% |
311,035 |
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Seidenberg |
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Classified: RMG – Internal
8. |
To re-appoint |
578,187,440 |
99.76 |
1,368,757 |
0.24 |
579,556,197 |
60.48% |
332,316 |
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Michael Snape |
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9. |
To re-appoint |
574,367,846 |
99.10 |
5,197,555 |
0.90 |
579,565,401 |
60.48% |
327,767 |
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Baroness Hogg |
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10. |
To re-appoint |
574,361,714 |
99.10 |
5,203,640 |
0.90 |
579,565,354 |
60.48% |
326,629 |
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Maria da Cunha |
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11. |
To re-appoint |
574,405,771 |
99.11 |
5,159,792 |
0.89 |
579,565,563 |
60.48% |
326,243 |
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Michael Findlay |
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12. |
To re-appoint |
574,395,536 |
99.11 |
5,151,352 |
0.89 |
579,546,888 |
60.48% |
340,171 |
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Lynne Peacock |
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13. |
To re-appoint |
574,364,025 |
99.11 |
5,172,267 |
0.89 |
579,536,292 |
60.48% |
346,580 |
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Shashi Verma |
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14. |
To re-appoint |
574,389,403 |
99.11 |
5,155,408 |
0.89 |
579,544,811 |
60.48% |
330,283 |
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Jourik Hooghe |
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15. |
To re-appoint |
574,410,927 |
99.11 |
5,145,120 |
0.89 |
579,556,047 |
60.48% |
326,344 |
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Ingrid Ebner |
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16. |
To re-appoint |
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KPMG LLP as |
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auditor of the |
576,647,362 |
99.50 |
2,916,897 |
0.50 |
579,564,259 |
60.48% |
326,346 |
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Company |
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17. |
To authorise the |
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Company’s Audit |
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and Risk |
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Committee to |
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determine the |
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remuneration of |
578,506,579 |
99.82 |
1,066,287 |
0.18 |
579,572,866 |
60.48% |
315,846 |
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the auditor |
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18. |
To authorise the |
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Company and its |
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subsidiaries to |
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make political |
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donations and |
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incur political |
572,452,663 |
98.76 |
7,207,344 |
1.24 |
579,660,007 |
60.49% |
262,230 |
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expenditure |
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19. |
To authorise the |
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Directors to allot |
572,515,523 |
98.78 |
7,097,347 |
1.22 |
579,612,870 |
60.48% |
289,423 |
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shares |
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SPECIAL |
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RESOLUTION |
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20. |
To empower the |
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Directors to |
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disapply pre- |
572,494,538 |
98.79 |
6,988,680 |
1.21 |
579,483,218 |
60.47% |
405,401 |
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emption rights |
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21. |
To empower the |
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Directors to |
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disapply pre- |
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emption rights for |
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the purposes of |
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acquisitions or |
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specified capital |
568,135,204 |
98.04 |
11,362,658 |
1.96 |
579,497,862 |
60.47% |
386,642 |
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investments |
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22. |
To authorise the |
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Company to |
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purchase its own |
576,797,631 |
99.52 |
2,801,787 |
0.48 |
579,599,418 |
60.48% |
319,584 |
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shares |
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23. |
To authorise the |
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Company to call |
571,259,019 |
98.55 |
8,409,769 |
1.45 |
579,668,788 |
60.49% |
230,688 |
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general meetings |
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Classified: RMG – Internal
on not less than 14 clear days’ notice (other than annual general meetings)
As at 6:30pm on Monday 23 September 2024, the number of issued shares in the Company was 958,293,475 ordinary shares. This was the total number of shares entitling the holders to attend and vote for or against all the resolutions at the AGM. In accordance with the Company’s articles of association, on a poll every member present in person or by proxy has one vote for every share held.
There were no restrictions on shareholders casting votes on any of the resolutions proposed at the AGM. Votes withheld are not votes in law. Therefore, they have not been counted in the calculation of the proportion of the votes for or against a resolution.
Pursuant to UK Listing Rule 9.6.2R, copies of all resolutions, other than those concerning ordinary business, passed at the AGM today have been submitted to the National Storage Mechanism and will shortly be available to view at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
The AGM results are also available to view on the Company’s website at www.internationaldistributionservices.com/en/investors/annual-general-meetings/
Enquiries:
Investor Relations
John Crosse
Email:investorrelations@ids-plc.com
Media Relations
Jenny Hall
Phone: 07776 993 036
Email:jenny.hall@royalmail.com
Greg Sage
Phone: 07483 421374
Royal Mail press office:press.office@royalmail.com
Company Secretary
Mark Amsden
Email:cosec@ids-plc.com
Classified: RMG – Internal
Disclaimer
International Distributions Services plc published this content on September 25,
2024 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on September 25,
2024 at
14:02:04 UTC.
International Distribution Services PLC is a holding company, which is engaged in providing postal and delivery services across its extensive networks. The Company operates through its subsidiary, Royal Mail Group Limited (RMGL), and General Logistics Systems B.V. (GLS). RMGL operates the parcels and letters delivery business under the Royal Mail and Parcelforce Worldwide brands. Through the Royal Mail Core Network, the Company delivers a one price goes anywhere service on a range of parcel and letters products. Royal Mail has the capability to deliver to around 32 million business and residential addresses in the United Kingdom six days a week. Parcelforce Worldwide is a provider of express parcel delivery services. The Companyâs customer includes consumers, sole traders, small and midsize enterprises (SMEs), large businesses, and access operators. Its other subsidiaries are RMGLS Holdco Limited, Royal Mail Estates Limited, and RM Property and Facilities Solutions Limited.
Buy
Last Close Price
3.424GBP
Average target price
3.147GBP
Spread / Average Target
-8.09%
Consensus
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