1 July 2022
Ashtead Technology Holdings plc ("Ashtead Technology" or "the Company")
Result of Annual General Meeting
Ashtead Technology Holdings plc (AIM: AT.), a leading subsea equipment rental and solutions provider for the global offshore energy sector, announces the results of the voting on the resolutions put to its Annual General Meeting ("AGM") held on 30 June 2022. Resolutions 1 to 11 (inclusive) were proposed as ordinary resolutions. Resolutions 12 to 14 (inclusive) were proposed as special resolutions. All resolutions put to shareholders at the meeting were successfully passed on a poll vote.
Details of the votes received on each resolution are set out below:
| Resolution | Votes For* | % of votes cast** | Votes Against | % of votes cast** | Total votes cast** | Votes withheld** | % of issued share capital voted** |
| 1. To receive the annual accounts of the Company and the reports of the directors for the financial year ended 31 December 2021
| 72,731,473
| 100.00%
| 0 | 0.00% | 72,731,473
| 0 | 91.39%
|
| 2. To approve the directors' remuneration report for the financial year ended 31 December 2021 as set out on pages 37 to 38 (inclusive) of the Annual Report and Accounts 2021
| 70,096,874
| 96.38%
| 2,634,599
| 3.62%
| 72,731,473
| 0 | 91.39%
|
| 3. To elect Ingrid Stewart as a director of the Company
| 72,731,473
| 100.00%
| 0 | 0.00% | 72,731,473
| 0 | 91.39%
|
| 4. To elect Joseph Connolly as a director of the Company
| 72,731,473
| 100.00%
| 0 | 0.00% | 72,731,473
| 0 | 91.39%
|
| 5. To elect Anthony Durrant as a director of the Company
| 72,731,473
| 100.00%
| 0 | 0.00% | 72,731,473
| 0 | 91.39%
|
| 6. To elect Thomas Hamborg-Thomsen as a director of the Company
| 72,731,473
| 100.00%
| 0 | 0.00% | 72,731,473
| 0 | 91.39%
|
| 7. To elect Allan Pirie as a director of the Company
| 72,731,473
| 100.00%
| 0 | 0.00% | 72,731,473
| 0 | 91.39%
|
| 8. To elect William Shannon as a director of the Company
| 72,731,473
| 100.00%
| 0 | 0.00% | 72,731,473
| 0 | 91.39%
|
| 9. To appoint BDO LLP as auditors of the Company to hold office until the conclusion of the next general meeting at which accounts are laid before the Company
| 72,285,473
| 99.39%
| 446,000
| 0.61%
| 72,731,473
| 0 | 91.39%
|
| 10. To authorise the directors to set the remuneration of the auditors
| 72,731,473
| 100.00%
| 0 | 0.00% | 72,731,473
| 0 | 91.39%
|
| 11. To authorise the Directors to allot shares in the Company and convert any security into shares in the Company
| 72,731,473
| 100.00%
| 0 | 0.00% | 72,731,473
| 0 | 91.39%
|
| 12. To authorise the Directors to allot equity securities for cash and disapply pre-emption rights | 72,731,473
| 100.00%
| 0 | 0.00% | 72,731,473
| 0 | 91.39%
|
| 13. To authorise the Directors to allot equity securities for cash and disapply pre-emption rights for the purpose of financing an acquisition or other capital investment
| 72,208,363
| 99.28%
| 523,110
| 0.72%
| 72,731,473
| 0 | 91.39%
|
| 14. To authorise the Directors to call a General Meeting of the Company, other than an AGM, on not less than 14 clear days' notice
| 72,731,473
| 100.00%
| 0 | 0.00% | 72,731,473
| 0 | 91.39%
|
*Votes "For" include proxy appointments which gave discretion to the Chairman of the AGM.
** A 'Vote Withheld' is not a vote in law and has not been counted in the calculation of the proportion of the votes 'For' and 'Against' a resolution.
As at 10.30 p.m. on 28 June 2022, being the time at which a person had to be registered in the Company's register of members in order to attend and vote at the AGM, the number of ordinary shares of the Company in issue was 79,582,000. 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.
For further information, please contact:
| Ashtead Technology Allan Pirie, Chief Executive Officer Ingrid Stewart, Chief Financial Officer
| (Via Vigo Consulting)
|
| Vigo Consulting (Financial PR) Patrick d'Ancona Finlay Thomson
| Tel: +44 (0)20 7390 0230
|
| Numis Securities Limited (Nomad and Broker) Julian Cater George Price Jonny Abbott Kevin Cruickshank (QE)
| Tel: +44 (0)20 7260 1000
|
Notes to editors:
Ashtead Technology is a leading subsea equipment rental and solutions provider for the global offshore energy sector. Ashtead Technology's specialist equipment, advanced-technologies and support services enable its customers to understand the subsea environment and manage offshore energy production infrastructure.
The Company's service offering is applicable across the lifecycle of offshore wind farms and offshore oil and gas infrastructure. Headquartered in the UK, the Company operates globally, servicing customers from its nine international customer service hubs.
In the fast-growing offshore wind sector, Ashtead Technology's specialist equipment and services are essential through the project development, construction and installation phase. Once wind farms are operational, Ashtead Technology supports customers with inspection, maintenance and repair ("IMR") equipment and services. In the more mature oil and gas sector, Ashtead Technology's focus is on IMR and decommissioning.
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