Hyve : Announcement of Results of Annual General Meeting

RNS Number : 7918A

Hyve Group PLC

24 January 2020

24 January 2020

Hyve Group plc (the 'Company')

Announcement of Results of Annual General Meeting

The Annual General Meeting of Hyve Group plc was held at 9am on Thursday 23 January 2020. All resolutions were duly passed by shareholders.

Resolution(1)	For(2)	Against	Votes Withheld(3)
1. Receive the Report and Accounts for 2019	689,046,379	81,718	763,637
2. Declaration of final dividend	689,890,704	1,031	0
3. Re-election of Richard Last as a Director	462,067,435	196,161,790	31,662,510
4. Election of Nicholas Backhouse as a Director	689,087,167	804,168	400
5. Re-election of Sharon Baylay as a Director	634,712,135	55,179,199	400
6. Re-election of Andrew Beach as a Director	689,061,407	829,928	400
7. Re-election of Stephen Puckett as a Director	688,239,120	1,652,215	400
8. Re-election of Mark Shashoua as a Director	689,040,772	850,562	400
9. Appointment of BDO LLP as auditors of the company	689,891,335	0	400
10. Authorise the Directors to determine the auditors' remuneration.	689,890,304	1,031	400
11. Approve the Directors' Remuneration Report	616,221,691	73,669,643	400
12. To authorise the Directors to allot relevant securities	666,282,525	23,608,810	400
13. To disapply pre-emption rights in certain circumstances	689,880,138	10,190	1,407
14. To disapply pre-emption rights in respect of an allotment of equity securities in connection with an acquisition or specified capital investment.	618,457,618	71,432,709	1,407
15. Renew the Company's authority to make market purchase of its own shares	689,660,123	111,495	120,116
16. Authorise General Meetings (other than AGMs) on not less than 14 clears days' notice.	603,766,904	86,123,423	1,407
17. Approve cancellation of share premium account	689,924,765	1,333	18,137

(1) Resolutions 1 to 16 were passed by a show of hands and the table above shows the proxy votes received by the Company ahead of the Annual General Meeting. Resolution 17 was passed by way of a poll and the table above shows the votes cast in person or by proxy at the Annual General Meeting. Resolution 17 was for the cancellation of the Company's share premium account and will require the approval of the High Court of England and Wales. The Chairman determined that the vote on resolution 17 should be held by way of a poll to facilitate the reporting of the vote results to the High Court of England and Wales.

(2) Includes those votes giving the Chairman discretion.

(3) A 'vote withheld' is not a vote in law and is not counted towards the votes cast 'for' or 'against' a resolution.

The Company's issued share capital at 23 January 2020 was 815,780,256 ordinary shares. Proxies appointing the Chairman of the meeting were received from shareholders of 689,891,735shares representing 84.57% of the issued share capital.

A copy of the resolutions passed as special business at the AGM has been submitted to the National Storage Mechanism and will shortly be available to inspection at www.morningstar.co.uk.

The Board recognises that a minority of shareholders voted against the election of Richard Last, and understands that some investors hold the view that Richard serves on too many company boards. Since last year's AGM Richard has stepped down from the boards of two public companies (one fully listed and one AIM-listed, both in financial services which carried additional regulatory burden) and has stood down from three private companies. He has not taken on any new appointments. The Board remains of the unanimous view that Richard is able to devote the necessary time to Hyve Group notwithstanding his other commitments. Since joining the Board in 2018, Richard has provided an exceptional level of commitment to his role during a period of considerable change for the Company and this has included significant engagement with shareholders. He has attended all Board and relevant Committee meetings since his appointment and has been available at all times for Hyve Group business. Richard will continue to review and manage his commitments to ensure that he is able to continue to make the appropriate level of commitment to his role as Chairman of Hyve Group.

Richard Last and the Board will engage directly with shareholders on this matter over the coming months.

For further information please contact:

Hyve Group plc Melissa McVeigh, Director of Communications	[phone]
FTI Consulting Charles Palmer / Emma Hall	[phone]

About Hyve Group plc

Hyve Group plc is a next generation FTSE 250 global events business whose purpose is to create unmissable events, where customers from all corners of the globe share extraordinary moments and shape industry innovation. Hyve Group plc was announced as the new brand name of ITE Group plc in September 2019, following its significant transformation under the Transformation and Growth (TAG) programme. Our vision is to create the world's leading portfolio of content-driven, must-attend events delivering an outstanding experience and ROI for our customers.

Where business is personal, where meetings move markets and where today's leaders inspire tomorrow's.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

RAGFLFSTLIIVFII