Royal Mail Group Virtual shareholder event 2020 AGM Statements Transcript

Royal Mail Group

Virtual shareholder event 2020

AGM Statements Transcript


Welcome to Royal Mail’s Annual General Meeting 2020. I’m your Interim Executive Chairman, Keith Williams. This year our AGM is being held under somewhat unusual circumstances given the ongoing Covid-19 pandemic.

The Board recognises the importance of the AGM to our shareholders. We would normally welcome the occasion as an opportunity to meet with you, present to you on the Group’s strategy and performance, and listen and respond to your questions, in person. However, following the outbreak of Covid-19, it has been necessary to make some important changes to the way in which we conduct this year's meeting.

To ensure the safety of all our stakeholders, shareholders were not permitted to attend the AGM in person this year. We regret that this was a necessary step. But, the health and wellbeing of our shareholders, as well as employees and customers, is of paramount importance.

Earlier today we therefore held our AGM as a closed meeting. I am pleased that all resolutions put to the meeting were passed. The results of the poll are available on our website and have been released to the market.

You are now watching our virtual shareholder event, which we hope will help us meet our commitment to engaging with you as shareholders during these unprecedented times. We know how important it is to address your questions and we value the opportunity to update you on the development of the Group.

So, in this video, you will hear from me, from Stuart Simpson, interim CEO of Royal Mail, and Martin Seidenberg, CEO of GLS. We will cover the Company’s performance for 2019-20, and our progress against some of the key parts of our strategy.

Stuart and I will then answer shareholder questions of common interest, based on the questions that have been submitted by some of our shareholders, before closing the meeting. And, of course, the transcripts of our comments and the Q&A will be available on our website, alongside this video and the poll outcomes, for our shareholders to review.


Interim Executive Chairman, Royal Mail Group

Turning to the main business, on behalf of the Board the first thing I would like to do is to express our deepest condolences to the families of those who have lost their lives to Covid-19, and to the bereaved families of our own employees. We share your loss. And I want to pay trib