Source - RNS
RNS Number : 7858K
McColl's Retail Group plc
12 April 2018
 

12 April 2018

 

 

McColl's Retail Group plc (the "Company")

 

Results of AGM

 

McColl's Retail Group plc announces that at the Annual General Meeting of the Company held today, 12 April 2018, all the Resolutions contained in the Notice of Annual General Meeting were duly passed on a poll.  The results of the poll for each resolution were as follows:


For

Against

Withheld

Total votes cast (excluding withheld)

Resolution

(No. of shares)

(%)

(No. of shares)

(%)

(No. of shares) 

1. To receive the 2017 Annual Report and Accounts

101,194,095

100.00

4,792

0.00

3,000

101,198,887

2. To receive the Directors' Remuneration Report

101,088,652

99.89

110,235

0.11

3,000

101,198,887

3. To approve the Directors' Remuneration Policy

85,683,168

86.08

13,850,649

13.92

1,668,070

99,533,817

4. To declare a final dividend

88,054,809

87.01

13,144,079

12.99

3,000

101,198,888

5. To re-elect Angus Porter as a Director

87,914,586

86.87

13,284,033

13.13

3,268

101,198,619

6. To re-elect Georgina Harvey as a Director

101,117,120

99.92

81,500

0.08

3,268

101,198,620

7. To re-elect Sharon Brown as a Director

100,115,701

98.93

1,082,919

1.07

3,268

101,198,620

8. To re-elect Jonathan Miller as a Director

100,902,248

99.71

296,372

0.29

3,268

101,198,620

9. To re-elect Simon Fuller as a Director

101,134,425

99.94

64,195

0.06

3,268

101,198,620

10. To elect David Thomas as a Director

101,066,159

99.87

132,461

0.13

3,268

101,198,620

11. To elect Jens Hofma as a Director

87,992,519

99.93

60,022

0.07

13,149,347

88,052,541

12. To re-appoint Deloitte LLP as Auditor of the Company

100,609,426

99.41

592,193

0.59

268

101,201,619

13. To authorise the Audit & Risk Committee to determine the Auditor's remuneration

101,188,845

100.00

3,850

0.00

3,268

101,192,695

14. To authorise the Company to make political donations and incur political expenditure

80,485,654

91.43

7,543,769

8.57

13,172,465

88,029,423

15. To authorise the Directors to allot ordinary shares

82,564,009

81.59

18,634,879

18.41

3,000

101,198,888

16. To disapply pre-emption rights*

81,300,624

80.34

19,894,337

19.66

6,927

101,194,961

17. To disapply pre-emption rights in connection with an acquisition or capital investment*

80,719,759

79.77

20,475,201

20.23

6,927

101,194,960

18. To authorise the Company to purchase its own ordinary shares*

87,355,256

86.32

13,840,931

13.68

5,700

101,196,187

19. To authorise the Directors to hold general meetings other than AGMs on not less than 14 clear days' notice*

87,791,173

86.75

13,407,715

13.25

3,000

101,198,888

*Special Resolution

In accordance with Listing Rule 9.6.2R copies of all resolutions passed at the meeting other than ordinary business will be submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/nsm.

 

Details of the proxy votes will shortly be available on the Company's website: www.mccollsplc.co.uk.

 

Disclosure under Provision E.2.2 of the UK Corporate Governance Code

The Board considers the proportion of votes cast against Resolution 17 (disapplication of pre-emption rights in relation to an acquisition or capital investment) to be significant. The Board intends to contact all major shareholders who voted against those resolutions to seek an understanding of their reasons for doing so.  The outcome of this exercise will be reported back to the Board for further consideration and a summary of the decisions or actions taken by the Board as a result will be included in the explanatory materials accompanying the notice of annual general meeting 2019.

 

NOTES: 


1.

All resolutions were passed. 

2.

Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution. 

3.

Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution. 

4.

A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution nor in the calculation of the proportion of "Total issued share capital instructed" for any resolution. 

5.

The number of shares in issue on 12 April 2018 was 115,173,515 (the "Share Capital") and at that time, the Company did not hold any shares in treasury. 

6.

The proportion of "Total issued share capital instructed" for any resolution is the total of votes validly cast for that resolution (i.e. the total votes "For" and "Against" that resolution) expressed as a percentage of the Share Capital. 

7.

The full text of the resolutions passed at the AGM can be found in the Notice of Annual General Meeting which is available on the Company's website at www.mccollsplc.co.uk 

 

Please visit www.mccollsplc.co.uk or for further information, please contact:

 

McColl's Retail Group plc


Bernadette Young, Company Secretary

 

 

+44 (0)1277 372 916


 

McColls Retail Group plc

Ashwells Road

Brentwood

Essex

CM15 9ST

 

 

About McColl's Retail Group

 

McColl's is a leading neighbourhood retailer, with an estate of 1,611 managed convenience stores and newsagents. We operate 1,279 McColl's branded convenience stores as well as 332 newsagents branded Martin's across the UK, except in Scotland where we operate under our heritage brand, RS McColl. Our 22,000 dedicated colleagues serve over five million customers every week, and we are the largest operator of Post Offices in the UK, with c.600 in-store counters/branches.

 

LEI: 213800R1TLR536P8YJ67


This information is provided by RNS
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