Pembroke, Bermuda - 16 May 2024
Conduit Holdings Limited
("CHL" LSE ticker: CRE)
Results of 2024 AGM
Conduit Holdings Limited announces the result of voting on the resolutions at its 2024 Annual General Meeting ("AGM") held on Wednesday 15 May 2024. The meeting considered the 18 resolutions as set out in the AGM Notice dated 12 April 2024.
Each of the resolutions was duly passed by the required majority. Resolutions 1 to 15 were passed as ordinary resolutions. Resolutions 16, 17 and 18 were passed as special resolutions. The total number of votes received for each resolution is set out below.
A copy of the special resolutions passed will be submitted to the National Storage Mechanism and available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The total voting rights in CHL on 15 May 2024 was 165,239,997.
| Description | Votes For | % Votes Cast For | Votes Against | % Votes Cast Against | Votes Withheld | Total Votes Cast (excl. Votes Withheld) | % of Issued Share Capital voted |
| 1. To receive the Company's audited consolidated financial statements for the financial period ended 31 December 2023 and the reports of the Directors and the Auditors thereon (the "Annual Report and Accounts"). | 127,167,576 | 100.00 | 0 | 0.00 | 178,046 | 127,167,576 | 76.96 |
| 2. To approve the Directors' Remuneration Policy as set out in the Annual Report and Accounts for the year ended 31 December 2023 | 96,719,933 | 81.77 | 21,559,064 | 18.23 | 9,066,625 | 118,278,997 | 58.53 |
| 3.To approve the annual report on remuneration as set out in the Annual Report and Accounts for the year ended 31 December 2023 | 125,716,041 | 98.72 | 1,629,581 | 1.28 | 0 | 127,345,622 | 76.08 |
| 4. To approve the rules of the Company's 2023 Long Term Incentive Plan produced to this AGM and initialled by the Chairman | 99,252,895 | 83.91 | 19,026,102 | 16.09 | 9,066,625 | 118,278,997 | 60.07 |
| 5.To re-elect Neil Eckert as a Director of the Company. | 125,436,389 | 98.50 | 1,909,233 | 1.50 | 0 | 127,345,622 | 75.91 |
| 6. To re-elect Trevor Carvey as a Director of the Company. | 127,047,316 | 99.77 | 298,306 | 0.23 | 0 | 127,345,622 | 76.89 |
| 7. To re-elect Elaine Whelan as a Director of the Company. | 126,702,993 | 99.50 | 642,629 | 0.50 | 0 | 127,345,622 | 76.68 |
| 8. To re-elect Michelle Seymour Smith as a Director of the Company. | 127,149,876 | 99.85 | 195,746 | 0.15 | 0 | 127,345,622 | 76.95 |
| 9. To re-elect Malcolm Furbert as a Director of the Company. | 127,033,366 | 99.75 | 312,256 | 0.25 | 0 | 127,345,622 | 76.88 |
| 10. To re-elect Elizabeth Murphy as a Director of the Company. | 127,149,876 | 99.85 | 195,746 | 0.15 | 0 | 127,345,622 | 76.95 |
| 11. To re-elect Ken Randall as a Director of the Company. | 125,550,558 | 98.59 | 1,795,064 | 1.41 | 0 | 127,345,622 | 75.98 |
| 12. To elect Rebecca Shelley as a Director of the Company | 126,103,395 | 99.02 | 1,242,227 | 0.98 | 0 | 127,345,622 | 76.32 |
| 13. To re-appoint KPMG Audit Limited as auditors of the Company to hold office until the conclusion of the next general meeting of the Company at which accounts are laid. | 127,345,622 | 100.00 | 0 | 0.00 | 0 | 127,345,622 | 77.07 |
| 14. To authorise the Directors to determine the remuneration of the auditors. | 127,345,622 | 100.00 | 0 | 0.00 | 0 | 127,345,622 | 77.07 |
| 15. Directors' Authority to Allot Shares, as detailed in the Notice of Meeting. | 126,144,437 | 99.06 | 1,201,185 | 0.94 | 0 | 127,345,622 | 76.34 |
| SPECIAL RESOLUTIONS |
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| 16. Disapplication of Pre-emption Rights - 10% unrestricted as detailed in the Notice of Meeting. | 125,372,496 | 98.45 | 1,973,126 | 1.55 | 0 | 127,345,622 | 75.87 |
| 17. Disapplication of Pre-emption Rights - 10% for acquisition or a specified capital investment as detailed in the Notice of Meeting. | 120,860,325 | 94.91 | 6,485,297 | 5.09 | 0 | 127,345,622 | 73.14 |
| 18. To authorise the purchase of own Common Shares as detailed in the Notice of Meeting. | 125,643,925 | 98.86 | 1,450,000 | 1.14 | 251,697 | 127,093,925 | 76.04 |
Media contacts
H/Advisors Maitland - Vikki Kosmalska / Genevieve Ryan
+44 (0) 207 379 5151
conduitre@h-advisors.global
Investor relations and other enquiries:
info@conduitreinsurance.com
Panmure Gordon (Joint Corporate Broker)
+44 (0) 207 886 2500
Berenberg (Joint Corporate Broker)
+44 (0) 203 207 7800
Peel Hunt (Joint Corporate Broker)
+44 (0) 207 418 8900
About Conduit Re
Conduit Re is a pure-play Bermuda-based reinsurance business with global reach. Conduit Reinsurance Limited is licensed by the Bermuda Monetary Authority as a Class 4 insurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Conduit Reinsurance Limited. The outlook assigned to these ratings is stable.
Conduit Holdings Limited is the ultimate parent of Conduit Reinsurance Limited and is listed on the London Stock Exchange (ticker: CRE). References to "Conduit" include Conduit Holdings Limited and all of its subsidiary companies.
Learn more about Conduit Re:
Website: https://conduitreinsurance.com/
LinkedIn: https://www.linkedin.com/company/conduit-re
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