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
|
|
|
|
|
|
|
|
|
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