REG - Conduit Holdings Ltd - Result of AGM

Conduit HoldingsAnnouncement

16/05/2024 07:00

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RNS Number : 6258O  Conduit Holdings Limited  16 May 2024

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.
(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   127,167,576  100.00            0              0.00                  178,046         127,167,576                              76.96
 financial period ended 31 December 2023 and the reports of the Directors and
 the Auditors thereon (the "Annual Report and Accounts").
 2. To approve the Directors' Remuneration Policy as set out in the Annual       96,719,933   81.77             21,559,064     18.23                 9,066,625       118,278,997                              58.53
 Report and Accounts for the year ended 31 December 2023
 3.To approve the annual report on remuneration as set out in the Annual Report  125,716,041  98.72             1,629,581      1.28                  0               127,345,622                              76.08
 and Accounts for the year ended 31 December 2023
 4. To approve the rules of the Company's 2023 Long Term Incentive Plan          99,252,895   83.91             19,026,102     16.09                 9,066,625       118,278,997                              60.07
 produced to this AGM and initialled by the Chairman
 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  127,345,622  100.00            0              0.00                  0               127,345,622                              77.07
 until the conclusion of the next general meeting of the Company at which
 accounts are laid.
 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          126,144,437  99.06             1,201,185      0.94                  0               127,345,622                              76.34
 Meeting.
 SPECIAL RESOLUTIONS
 16. Disapplication of Pre-emption Rights - 10% unrestricted as detailed in the  125,372,496  98.45             1,973,126      1.55                  0               127,345,622                              75.87
 Notice of Meeting.
 17. Disapplication of Pre-emption Rights - 10% for acquisition or a specified   120,860,325  94.91             6,485,297      5.09                  0               127,345,622                              73.14
 capital investment as detailed in the Notice of Meeting.
 18. To authorise the purchase of own Common Shares as detailed in the Notice    125,643,925  98.86             1,450,000      1.14                  251,697         127,093,925                              76.04
 of Meeting.

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/ (https://conduitreinsurance.com/)

LinkedIn: https://www.linkedin.com/company/conduit-re
(https://www.linkedin.com/company/conduit-re)

 

 

 

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