Drax Group plc held its Annual General Meeting on April 25, 2024, and has announced the results of the voting by poll on the resolutions. The company's shareholders voted on various resolutions, including the approval of the annual report and accounts, the final dividend, the election and re-election of directors, the appointment of auditors, and other corporate matters.
The results indicate strong support for the resolutions, with the majority of the votes in favor of each proposal. For instance, the approval of the final dividend of 13.9 pence per share received overwhelming support, with 99.98% of the votes in favor. Similarly, the re-election of directors and other corporate matters were also approved by a significant majority of the shareholders.
The company's issued share capital consists of 426,926,113 ordinary shares, of which 40,225,037 ordinary shares are held in treasury and do not carry voting rights. The total number of voting rights in respect of these ordinary shares is 386,701,076.
Brett Gladden, the Group Company Secretary of Drax Group plc, confirmed that all 21 resolutions were carried, indicating a positive outcome for the company's proposed actions at the Annual General Meeting.