AGM Statement
21 Mai 2003 - 6:59PM
UK Regulatory
RNS Number:4054L
Highway Insurance Holdings PLC
21 May 2003
Highway Insurance Holdings Plc (Highway) - Results of AGM
Highway announces that at today's Annual General Meeting substantial majorities
passed all Resolutions.
Highway's Chairman, Ross Dunlop, said: "Trading conditions, while satisfactory
are certainly more competitive. Premium rates generally are firm rather than
rising, though there remains scope for selective price increases in the areas in
which we specialise. It is becoming more difficult, however, to increase
policyholder numbers at acceptable margins with some of our competitors
appearing intent on chasing rates and premiums down which we will not do. We
will continue to pursue our stated ambitions: to write business for profit and
to concentrate on good implementation."
The following table shows the votes cast for each Resolution:
Resolution Votes For* Votes Against
1. Adoption of financial statements 117,509,896 1,602
2. Declaration of dividend 117,510,873 625
3. Re-appointment of A J Gibson 117,383,870 127,628
4a. Re-appointment of D F Barker 117,443,870 67,628
4b. Re-appointment of S R Davies 117,481,805 29,693
4c. Re-appointment of R A Gamble 117,444,101 67,397
4d. Re-appointment of C D Hill 117,388,219 123,279
4e. Re-appointment of Ms J A Kellie 117,388,219 123,279
4f. Re-appointment of I W J Patrick 117,386,154 125,344
4g. Re-appointment of J M Stoker 117,326,377 185,121
5. Re-appointment of Auditors 117,466,942 44,556
6. Authorise purchase of own shares 117,493,089 18,409
7. Re-appointment of D E Coleridge 116,504,127 374,288
8. Approve Remuneration Report 112,716,353 4,795,145
* Includes discretionary votes
On 20 May 2003 there were 201,615,316 shares in issue.
Further information:
Ross Dunlop 01277 266573
Andrew Gibson 01277 266576
This information is provided by RNS
The company news service from the London Stock Exchange
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