Source: https://uk.finance.yahoo.com/quote/ADM.L/press-releases/
Timestamp: 2020-06-05 13:59:37
Document Index: 32753167

Matched Legal Cases: ['Art 9', 'Art 10', 'Art 9', 'Art 10', 'Art. 13', 'Art. 13']

Previous close 2,325.00
Open 2,333.00
Bid 2,312.00 x 0
Ask 2,315.00 x 0
Day's range 2,277.00 - 2,335.00
52-week range 1,858.50 - 2,508.00
Volume 187,055
Avg. volume 942,983
Market cap 6.804B
Forward dividend & yield 0.98 (4.21%)
NOTIFICATION OF MAJOR HOLDINGS 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:Admiral Group PLC 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) Non-UK issuer 2\. Reason for the notification (please mark the appropriate box or boxes with an “X”) An acquisition or disposal of voting rightsX An acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify) 3\. Details of person subject to the notification obligation NameBlackRock, Inc. City and country of registered office (if applicable)Wilmington, DE, USA 4\. Full name of shareholder(s) (if different from 3.) Name City and country of registered office (if applicable) 5\. Date on which the threshold was crossed or reachedvi:08/05/2020 6\. Date on which issuer notified:11/05/2020 7\. Total positions of person(s) subject to the notification obligation % of voting rights attached to shares (total of 8. A)% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)Total of both in % (8.A + 8.B)Total number of voting rights of issuervii Resulting situation on the date on which threshold was crossed or reached4.88%0.21%5.10%294,037,749 Position of previous notification (if applicable)5.06%0.05%5.11% 8\. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii A: Voting rights attached to shares Class/type of shares ISIN code (if possible)Number of voting rightsix% of voting rights Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) GB00B02J6398 14,376,865 4.88% SUBTOTAL 8. A14,376,8654.88% B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) Type of financial instrumentExpiration datexExercise/ Conversion PeriodxiNumber of voting rights that may be acquired if the instrument is exercised/converted.% of voting rights Securities Lending 633,3130.21% SUBTOTAL 8. B 1633,3130.21% B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) Type of financial instrumentExpiration datexExercise/ Conversion Period xiPhysical or cash settlementxiiNumber of voting rights % of voting rights SUBTOTAL 8.B.2 9\. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”) Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)X Namexv% of voting rights if it equals or is higher than the notifiable threshold% of voting rights through financial instruments if it equals or is higher than the notifiable thresholdTotal of both if it equals or is higher than the notifiable threshold See Attachment 10\. In case of proxy voting, please identify: Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held 11\. Additional informationxvi BlackRock Regulatory Threshold Reporting Team James Michael 020 7743 3650 Place of completion12 Throgmorton Avenue, London, EC2N 2DL, U.K. Date of completion11 May, 2020 Section 9 AttachmentNamexv% of voting rights if it equals or is higher than the notifiable threshold% of voting rights through financial instruments if it equals or is higher than the notifiable thresholdTotal of both if it equals or is higher than the notifiable threshold BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Holdco 3, LLC BlackRock Cayman 1 LP BlackRock Cayman West Bay Finco Limited BlackRock Cayman West Bay IV Limited BlackRock Group Limited BlackRock Finance Europe Limited BlackRock Advisors (UK) Limited BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Holdco 4, LLC BlackRock Holdco 6, LLC BlackRock Delaware Holdings Inc. BlackRock Institutional Trust Company, National Association BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Holdco 3, LLC BlackRock Cayman 1 LP BlackRock Cayman West Bay Finco Limited BlackRock Cayman West Bay IV Limited BlackRock Group Limited BlackRock Finance Europe Limited BlackRock Investment Management (UK) Limited BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Holdco 4, LLC BlackRock Holdco 6, LLC BlackRock Delaware Holdings Inc. BlackRock Fund Advisors BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Holdco 3, LLC BlackRock Canada Holdings LP BlackRock Canada Holdings ULC BlackRock Asset Management Canada Limited BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock (Singapore) Holdco Pte. Ltd. BlackRock HK Holdco Limited BlackRock Lux Finco S.a.r.l. BlackRock Japan Holdings GK BlackRock Japan Co., Ltd. BlackRock, Inc. Trident Merger, LLC BlackRock Investment Management, LLC BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Capital Holdings, Inc. BlackRock Advisors, LLC BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Holdco 3, LLC BlackRock Cayman 1 LP BlackRock Cayman West Bay Finco Limited BlackRock Cayman West Bay IV Limited BlackRock Group Limited BlackRock International Limited BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock (Singapore) Holdco Pte. Ltd. BlackRock HK Holdco Limited BlackRock Asset Management North Asia Limited BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Australia Holdco Pty. Ltd. BlackRock Investment Management (Australia) Limited BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Holdco 3, LLC BlackRock Cayman 1 LP BlackRock Cayman West Bay Finco Limited BlackRock Cayman West Bay IV Limited BlackRock Group Limited BlackRock Finance Europe Limited BlackRock Investment Management (UK) Limited BlackRock Asset Management Deutschland AG BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock (Singapore) Holdco Pte. Ltd. BlackRock (Singapore) Limited BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Holdco 3, LLC BlackRock Cayman 1 LP BlackRock Cayman West Bay Finco Limited BlackRock Cayman West Bay IV Limited BlackRock Group Limited BlackRock Finance Europe Limited BlackRock (Netherlands) B.V.
ANNUAL GENERAL MEETING RESULTThe 2020 Annual General Meeting of Admiral Group Plc was held at Ty Admiral, David Street, Cardiff, CF10 2EH on Thursday 30th April 2020 at 2:00pm.1. All resolutions were decided on a poll and all resolutions proposed at the Meeting were passed. ResolutionsVotes ForPercentage ForVotes AgainstVotes TotalVotes Withheld 1To receive the Financial Statements and the reports of the Directors and the Auditors239,134,29099.72676,608239,810,898122,442 2To approve the Directors’ Remuneration Report237,823,72799.461,285,199239,108,926824,413 3To declare the normal dividend on the ordinary shares of the Company238,144,96799.251,787,774239,932,741599 4To re-elect David Stevens (Executive Director) as a Director of the Company 239,897,31899.9925,525239,922,84310,497 5To re-elect Geraint Jones (Executive Director) as a Director of the Company239,118,63099.66805,308239,923,9389,402 6To re-elect Annette Court (Non-Executive Director) as a Director of the Company239,094,94499.65828,993239,923,9379,402 7To re-elect Jean Park (Non-Executive Director) as a Director of the Company239,923,14899.99790239,923,9389,402 8To re-elect George Manning Rountree (Non-Executive Director) as a Director of the Company239,806,38499.95116,459239,922,84310,497 9To re-elect Owen Clarke (Non-Executive Director) as a Director of the Company239,145,67899.68778,259239,923,9379,402 10To re-elect Justine Roberts (Non-Executive Director) as a Director of the Company239,199,85999.70723,982239,923,8419,499 11To re-elect Andrew Crossley (Non-Executive Director) as a Director of the Company239,922,15499.99592239,922,74610,594 12To re-elect Michael Brierley (Non-Executive Director) as a Director of the Company239,911,87199.99175239,912,04621,294 13To re-elect Karen Green (Non-Executive Director) as a Director of the Company239,923,05199.99790239,923,8419,499 14To reappoint Deloitte LLP as Auditors of the Company239,920,61699.992,216239,922,83210,508 15To authorise the Audit Committee to determine the remuneration of Deloitte LLP239,912,27499.9911,562239,923,8369,504 16The rules of the 2015 Discretionary Free Share Scheme are amended and to add a new sub-plan application238,358,82599.351,564,067239,922,89210,448 17Authority for political donations and expenditure237,705,01299.082,216,220239,921,23212,067 18To authorise the Directors to allot relevant securities230,382,85796.029,540,604239,923,4619,879 19To dis-apply statutory pre-emption rights on up to 5% of the issued share capital of the Company239,083,01199.9918,830239,101,841831,499 20To dis-apply statutory pre-emption rights on an additional 5% of the issued share capital of the Company238,969,60399.94132,237239,101,840831,499 21To authorise the Company to make market purchases238,807,01499.541,105,572239,912,58620,753 22To authorise the Directors to convene a General Meeting with not less than 14 clear days notice228,774,40295.3511,158,339239,932,741599 At the close of business on 30th April 2020, the issued share capital of the Company was 294,037,749 ordinary shares.The full text of each resolution is contained in the Notice of Annual General Meeting, which is available on the Company's website: www.admiralgroup.co.uk.In accordance with LR 9.6.2 R, copies of the special business resolutions passed at the meeting have been submitted to the FCA's National Storage Mechanism, and will shortly be available to view at https://data.fca.org.uk//nsm/nationalstoragemechanismMark Waters Group Company SecretaryAdmiral Group Plc LEI:213800FGVM7Z9EJB2685
Admiral Group plc (“Admiral”)30 April 2020The Board of Admiral is pleased to announce the appointment of Jayaprakasa (JP) Rangaswami as an independent non-executive director with effect from 29 April 2020.JP Rangaswami has a wealth of large-scale IT operational experience gained through his roles as Chief Information Officer (CIO) with Dresdner Kleinwort (2001 to 2006) and Managing Director/Chief Scientist at BT Group (2006 to 2010). JP has also been Chief Scientist with Salesforce (a US cloud-based software company) and was Chief Data Officer (CDO) and Group Head of Innovation with Deutsche Bank (2015 to 2018). He has operated in financial services for over ten years and understands the challenges of working in a regulated environment. JP is also a former global CIO of the Year as well as European Innovator of the Year. He is currently a non-executive director of Allfunds Bank and Daily Mail and General Trust (DMGT). Annette Court, Admiral Group Chair, said: “I am delighted to welcome JP to the Admiral Board. He brings a wide range of IT skills and experience to the Board which will help to complement and enhance the existing skills. We are looking forward to working with him.”There is no further information, which would require disclosure under 9.6.13R of the Listing Rules of the UK Listing Authority.Notification is given that Andrew Crossley, Non-Executive Director of Admiral, has joined Admiral’s Group Risk Committee as a member with effect from 29 April 2020. Andrew has extensive experience in insurance in risk and finance roles. Annette Court, Admiral Group Chair, has stepped down as a member of Admiral’s Group Risk Committee with effect from the same date. The members of the Group Risk Committee are: Jean Park (Chair), Manning Rowntree and Andrew Crossley.For any further information, please contact:Marisja Kocznur – Head of Investor Relations – 029 20602034FTI Consulting Edward Berry +44 (0) 20 3727 1046 Tom Blackwell +44 (0) 20 3727 1051
Admiral Group plc 27 April 2020Admiral Group plc (‘Admiral’, ‘the Company’ or ‘the Group’) provides an update on dividends and its response to the Covid-19 crisis.Admiral’s priorities throughout this challenging period have been to support and protect customers, staff and the long-term value of the Group. All the Group’s businesses are operational with staff working remotely.Amendment to 2019 final dividend proposal In light of the regulatory guidance to insurers urging restraint on the payments of dividends due to the uncertainty of the current economic environment, the Board has decided to amend its recommendation in relation to the final dividend for the year ended 31 December 2019. After careful consideration, the Board is recommending an unchanged normal dividend of 56.3p per ordinary share (payable on 1 June 2020 to all ordinary shareholders on the Company's register of members at the close of business on 11 May 2020), but is suspending the recommendation to pay a special dividend of 20.7p per ordinary share. The Board will review the position in relation to the special dividend alongside the Company’s half year results. It currently intends to pay this part of the final dividend later in the year unless there is a significant deterioration in the company’s financial position, trading or outlook.Resolution 3 as set out in the Notice of Annual General Meeting (AGM) of the Company will be amended at the AGM to reflect the updated Board recommendation. All votes that have already been cast for or against Resolution 3 as set out in the Notice of AGM shall count towards the amended Resolution 3.The Group has significant liquidity and a strong solvency position, well above its target level and regulatory thresholds. Robust stress tests against the Company's financial position support the payment of the previously announced final dividend in full under normal circumstances. However, the Board is mindful of the call for heightened prudence from its regulators and has concluded that suspending the payment of the special dividend is appropriate at this time.An update will be provided when the Company reports its interim results in August 2020.Supporting customers, staff and the community The Board’s decision in relation to the final dividend is being taken in the context of a broader package of measures announced by Admiral on 21 April which aim to provide support to customers, staff and Admiral’s communities during this unprecedented time. These include: * Premium rebates worth £110 million to car and van insurance customers in recognition of customers staying at home and driving less during lockdown * Committing an additional £80 million to reducing prices and supporting customers, NHS staff and the local community * Supporting customers who are in financial hardship as a result of the pandemic. This includes flexibility with customers struggling with monthly payments for insurance and personal loans * All employees are being paid their full salary at this time and no staff are being furloughed under the UK Government funded scheme. Admiral does not expect to require support from any other initiatives funded by the Government * A £4 million Admiral Support Fund for Covid-19, which is predominantly providing funding and support in South Wales, where Admiral is based, to the NHS, charities, support groups and will also allow the Group to contribute to any insurance industry wide charitable effortDavid Stevens, Group CEO commented: “We find ourselves in extraordinary circumstances, and it has been a very difficult decision to suspend the special dividend as we are aware of the importance and impact to our shareholders and staff. However, the Board and I believe that this is the prudent and right thing to do at this time. We thank our customers, staff and shareholders for their continued support, and we remain committed to making decisions that are in their best interests in the long term.”David Stevens has confirmed to Admiral that the normal dividend payable to him and his wife will be donated in full to their charitable foundation to fund support for charities experiencing reduced income and increased needs during the Covid-19 crisis.This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014.The person responsible for the release of the announcement is Mark Waters, Company Secretary.For more information, please contact:Admiral Group plc Marisja Kocznur +44 (0) 29 2060 2034 Investors & AnalystsFTI Consulting Edward Berry +44 (0) 20 3727 1046 Tom Blackwell +44 (0) 20 3727 1051
7 April 2020Admiral Group plc (the "Company")Update on 2020 Annual General Meeting (AGM)Further to our announcement on 25 March 2020, it is the current intention of the Board to continue to hold the AGM at 2pm on Thursday 30 April 2020 at the Company's registered office of Tŷ Admiral, David Street, Cardiff, CF10 2EH. The UK Government's current guidance on social distancing and prohibition on non-essential travel and public gatherings of more than two people ("Stay at Home measures") will remain in place for at least three weeks from their announcement, after which the Government will review them and consider whether they can be relaxed or whether they will need to continue to operate, as part of an attempt to mitigate the spread of coronavirus (COVID-19). Regrettably, unless the current situation changes, it will not be possible for shareholders to attend the AGM in person and so it is necessary to make some adjustments to how this year's AGM is conducted.Consequently, the AGM this year will be purely functional in format to comply with the Company's articles of association, relevant legal requirements and to enable shareholders to vote on the important customary annual business. However, the Board is keen to ensure that shareholders are able to exercise their right to vote and, accordingly, strongly recommends that shareholders vote on all resolutions by completing and submitting a proxy appointment to appoint the Chair of the meeting as their proxy in accordance with point 1 of the Notes to the Notice of this Meeting (set out on pages 14 and 15). If a shareholder appoints a person other than the Chair of the meeting as their proxy, that other proxy will not be able to attend the meeting. Where a shareholder has already appointed a person other than the Chair of the meeting as their proxy, such shareholders should submit a new proxy form appointing the Chair of the meeting as their proxy as it is unlikely their original proxy will be able to attend and vote at the meeting due to the Stay at Home measures.Shareholders can submit questions to the Board in advance of the AGM by email to Marisja Kocznur (Head of Investor Relations) (marisja.kocznur@admiralgroup.co.uk) by no later than Friday 24 April 2020. We will consider all questions received and, if appropriate, provide a written response.The health and wellbeing of our employees, shareholders and the wider communities in which we operate is of paramount importance to the Board and the steps set out above are necessary and appropriate ones to take given the current pandemic.The Board continues to closely monitor the evolving coronavirus (COVID-19) outbreak and related guidance issued by the UK Government. We will continue to keep our plans for the AGM under review and recommend that shareholders continue to monitor the Company's website and announcements for any further updates. The Board also urges shareholders to continue to monitor UK Government guidance and directions in relation to coronavirus (COVID-19) and to act accordingly.The Board would like to thank shareholders for their understanding during these unprecedented timesMark Waters Company Secretary LEI Number: 213800FGVM7Z9EJB2685