Williams Grand Prix Holdings AGM
DGAP-News: Williams Grand Prix Holdings PLC / Key word(s): AGM/EGM
Williams Grand Prix Holdings AGM
30.05.2012 / 18:10
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RESULTS OF WILLIAMS GRAND PRIX HOLDINGS PLC'S ANNUAL GENERAL MEETING
30 May 2012. Grove, UK. Williams Grand Prix Holdings PLC ('Company',
Ticker: WGF1) announces the results of its Annual General Meeting conducted
today.
Shareholders re-elected the following persons to the Group's Board of
Directors, who had retired by rotation and, being eligible, offered
themselves for re-appointment:
1. Nick Rose, Non-Executive Chairman
2. Eddie Charlton, Non-Executive Director
3. Mike O'Driscoll, Non-Executive Director
4. Claire Williams, Director of Marketing and Communications
5. Louise Evans, Finance Director
Shareholders also passed resolutions to:
1. Receive the Company's annual accounts for the financial year ended
31 December 2011 together with the directors' report and the auditor's
report on those accounts.
2. Increase the maximum remuneration payable in aggregate to the
directors (other than alternate directors or any director who for the time
being holds an executive office or employment with the Company or any
member of the Company's group) from £160,000 per annum (as specified in
Article 28.3 of the Company's articles of association) to £250,000 per
annum.
3. Re-appoint Grant Thornton UK LLP as the Company's auditor, and to
authorise the directors to fix the auditor's remuneration.
Voting in respect of each of the resolutions was taken on a show of hands.
Prior to the meeting, valid proxies were received in respect of 584,853
shares, all of which directed the Chairman to vote in favour of each of the
resolutions.
-Ends-
WILLIAMS GRAND PRIX HOLDINGS PLC
Williams Grand Prix Holdings PLC is the holding company of the Williams
group of companies ('Group') which includes Williams Grand Prix Engineering
Limited and Williams Hybrid Power Limited. The Group has established the
Williams Technology Centre in Qatar which is a branch of Williams Grand
Prix Engineering Limited.
The Group employs approximately 500 personnel throughout its business. Its
revenues are currently derived almost exclusively from its Formula One
business, including commercial sponsorships and the team's share of the
Formula One commercial rights income. The Group's aim is to be a
Championship-winning Formula One team and a world-class technology business
generating steady returns for shareholders through the economic cycle.
Williams Grand Prix Engineering Limited
Formed in 1977 by Frank Williams and Patrick Head, Williams Grand Prix
Engineering Limited's core competencies are the design and manufacture of
Formula One race cars, and the deployment of this expertise in running the
team's entries in each season's Grands Prix.
As one of the world's leading Formula One teams, the company has secured 16
FIA Formula One World Championship titles in the past thirty years. Nine of
these titles have been won in the Constructors' Championship in association
with Cosworth, Honda and Renault. The remaining seven titles are Drivers'
Championships, won with Alan Jones, Keke Rosberg, Nelson Piquet, Nigel
Mansell, Alain Prost, Damon Hill and Jacques Villeneuve.
Williams F1 is one of the most vertically-integrated of Formula One teams
with first-class design and manufacturing facilities on its 33 hectare site
in Oxfordshire, England. Williams Grand Prix Engineering Limited aims to
develop substantial revenues from exploiting its brand, intellectual
property and rapid development skills in projects outside Formula One.
Williams Hybrid Power Limited
Williams Hybrid Power Limited is a company specialising in
magnetically-loaded composite flywheels which are used as an energy storage
device in small and medium sized applications such as automobiles, buses,
trams and light rail.
Williams Technology Centre
The Williams Technology Centre in Qatar is developing large magnetically
loaded composite flywheels (for use in trains or static applications such
as grid stabilisation) and commercial applications of the Group's
motorsport simulation technology.
End of Corporate News
---------------------------------------------------------------------
30.05.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
172169 30.05.2012
DGAP-News: Williams Grand Prix Holdings PLC / Key word(s): AGM/EGM
Williams Grand Prix Holdings AGM
30.05.2012 / 18:10
---------------------------------------------------------------------
RESULTS OF WILLIAMS GRAND PRIX HOLDINGS PLC'S ANNUAL GENERAL MEETING
30 May 2012. Grove, UK. Williams Grand Prix Holdings PLC ('Company',
Ticker: WGF1) announces the results of its Annual General Meeting conducted
today.
Shareholders re-elected the following persons to the Group's Board of
Directors, who had retired by rotation and, being eligible, offered
themselves for re-appointment:
1. Nick Rose, Non-Executive Chairman
2. Eddie Charlton, Non-Executive Director
3. Mike O'Driscoll, Non-Executive Director
4. Claire Williams, Director of Marketing and Communications
5. Louise Evans, Finance Director
Shareholders also passed resolutions to:
1. Receive the Company's annual accounts for the financial year ended
31 December 2011 together with the directors' report and the auditor's
report on those accounts.
2. Increase the maximum remuneration payable in aggregate to the
directors (other than alternate directors or any director who for the time
being holds an executive office or employment with the Company or any
member of the Company's group) from £160,000 per annum (as specified in
Article 28.3 of the Company's articles of association) to £250,000 per
annum.
3. Re-appoint Grant Thornton UK LLP as the Company's auditor, and to
authorise the directors to fix the auditor's remuneration.
Voting in respect of each of the resolutions was taken on a show of hands.
Prior to the meeting, valid proxies were received in respect of 584,853
shares, all of which directed the Chairman to vote in favour of each of the
resolutions.
-Ends-
WILLIAMS GRAND PRIX HOLDINGS PLC
Williams Grand Prix Holdings PLC is the holding company of the Williams
group of companies ('Group') which includes Williams Grand Prix Engineering
Limited and Williams Hybrid Power Limited. The Group has established the
Williams Technology Centre in Qatar which is a branch of Williams Grand
Prix Engineering Limited.
The Group employs approximately 500 personnel throughout its business. Its
revenues are currently derived almost exclusively from its Formula One
business, including commercial sponsorships and the team's share of the
Formula One commercial rights income. The Group's aim is to be a
Championship-winning Formula One team and a world-class technology business
generating steady returns for shareholders through the economic cycle.
Williams Grand Prix Engineering Limited
Formed in 1977 by Frank Williams and Patrick Head, Williams Grand Prix
Engineering Limited's core competencies are the design and manufacture of
Formula One race cars, and the deployment of this expertise in running the
team's entries in each season's Grands Prix.
As one of the world's leading Formula One teams, the company has secured 16
FIA Formula One World Championship titles in the past thirty years. Nine of
these titles have been won in the Constructors' Championship in association
with Cosworth, Honda and Renault. The remaining seven titles are Drivers'
Championships, won with Alan Jones, Keke Rosberg, Nelson Piquet, Nigel
Mansell, Alain Prost, Damon Hill and Jacques Villeneuve.
Williams F1 is one of the most vertically-integrated of Formula One teams
with first-class design and manufacturing facilities on its 33 hectare site
in Oxfordshire, England. Williams Grand Prix Engineering Limited aims to
develop substantial revenues from exploiting its brand, intellectual
property and rapid development skills in projects outside Formula One.
Williams Hybrid Power Limited
Williams Hybrid Power Limited is a company specialising in
magnetically-loaded composite flywheels which are used as an energy storage
device in small and medium sized applications such as automobiles, buses,
trams and light rail.
Williams Technology Centre
The Williams Technology Centre in Qatar is developing large magnetically
loaded composite flywheels (for use in trains or static applications such
as grid stabilisation) and commercial applications of the Group's
motorsport simulation technology.
End of Corporate News
---------------------------------------------------------------------
30.05.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
172169 30.05.2012