Shareholder Meetings
25 May 2007 Results of Annual General Meeting
25 May 2007
Results of 2007 Annual General Meeting
Groupe Bolloré resolutions defeated for a fourth time in 12 months
Aegis Group plc (“Aegis”) announces the results of the shareholder vote at its annual general meeting today. Full details of voting on each resolution are given at the end of this announcement:
Ordinary resolutions, requiring 50% majority shareholder vote:
- Resolutions 1 to 11 were passed, in accordance with the Board’s recommendation.
Special resolutions, requiring 75% majority shareholder vote:
- For a second year, Resolutions 12 (the disapplication of pre-emption rights) and 13 (the power to make market purchases of shares) were not passed. While recognising the theoretical benefits of flexibility in these two areas, Aegis has not used either power in recent years, and had no existing plans to do so. Consequently, this is not expected to have any effect on Aegis’s strategy or businesses.
Additional resolutions proposed by Groupe Bolloré, requiring 50% majority shareholder vote:
- Resolutions 14 and 15 were not passed, in accordance with the Board’s recommendation.These resolutions relate to Groupe Bolloré’s nomination of two representatives to the Aegis Board.
- 95% of non-Groupe Bolloré shareholders opposed these proposals. For a fourth consecutive time in the past 12 months, over 90% of non-Groupe Bolloré shareholders have now overwhelmingly voted down these exact same resolutions.