Source - LSE Regulatory
RNS Number : 9520N
Chesnara PLC
26 May 2020
 

CHESNARA plc

("Chesnara" or "the Company")

 

26 May 2020

 

LEI Number: 213800VFRMBRTSZ3SJ06

 

 

RESULT OF THE CHESNARA PLC 2020 ANNUAL GENERAL MEETING

 

Chesnara plc announces that the resolutions proposed at its Annual General Meeting held on 26 May 2020 were passed by a show of hands. For information, the results of the AGM, which includes the total number of votes received for each resolution, are set out below. The Company's issued share capital on 26 May 2020 consisted of 150,065,457 ordinary 5p shares and the number of voting rights was also 150,065,457 ordinary 5p shares (as there were no treasury shares).

 

No.

Resolution

No. of votes 'for' & 'discretionary'

%

Votes 'against'*

%

Total No. of votes cast

Votes 'withheld'

1

To receive and adopt the report and accounts for the year ended 31 December 2019

95,376,604

99.98

16,097

0.02

95,392,701

98,612

2

To approve the Directors' Remuneration Report

93,082,557

97.49

2,397,183

2.51

95,479,740

11,573

3

To approve the Directors' Remuneration Policy

90,213,551

94.49

5,260,276

5.51

95,473,827

17,487

4

To declare a final dividend of 13.87p per ordinary share

95,491,314

100

0

0

95,491,314

0

5

To re-elect Mr Deane as a director

95,448,630

99.97

23,993

0.03

95,472,623

18,691

6

To re-elect Mr Rimmington as a director

95,386,839

99.91

85,784

0.09

95,472,623

18,691

7

To re-elect Ms Dale as a director

95,424,022

99.95

48,600

0.05

95,472,622

18,691

8

To elect Mr Savage as a director

95,431,122

99.96

41,500

0.04

95,472,622

18,691

9

To re-elect Mrs Oak as a director

94,359,893

98.84

1,109,729

1.16

95,469,622

21,691

10

To re-elect Mr Brand as a director

95,424,022

99.95

48,600

0.05

95,472,622

18,691

11

To re-elect Mr Hesketh as a director

95,424,022

99.95

48,600

0.05

95,472,622

18,691

12

To re-appoint Deloitte LLP as auditor

95,443,994

99.96

38,370

0.04

95,482,364

8,949

13

To authorise the directors to determine the auditor's remuneration

95,456,217

99.97

30,605

0.03

95,486,822

4,492

14

To provide limited authority to make political donations and to incur political expenditure

94,784,448

99.26

702,374

0.74

95,486,822

4,492

15

To authorise the directors to allot securities up to a specified amount

93,893,501

98.35

1,575,848

1.65

95,469,349

21,965

16

Special resolution - to give the directors power to allot securities for cash without making an offer to shareholders (rights issue or open offer)

94,165,766

98.63

1,303,583

1.37

95,469,349

21,965

17

Special resolution - to give the directors power to allot securities for cash without making an offer to shareholders (financing or refinancing an acquisition)

94,143,095

98.61

1,326,253

1.39

95,469,348

21,965

18.

Special resolution - to give the Company limited authority to purchase its own shares

95,394,483

99.94

60,542

0.06

95,455,025

36,288

19.

Special resolution - to allow the Company to call general meetings on not less than 14 clear working days' notice

94,685,595

99.16

804,686

0.84

95,490,281

1,033

 

*Votes 'withheld' have not been included in the calculation of whether the resolution is carried. Percentages have been rounded to two decimal places.

 

The full text of the resolutions can be found in the Notice of the Meeting set out in the Financial Statements for the year ended 31 December 2019, copies of which are available on the Company's website, www.chesnara.co.uk. In accordance with Listing Rule 9.6.3, full details of the resolutions passed as special business will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

 

 

 

For further information, please contact:

 

Roddy Watt

Director, Capital Markets

FWD

Forward thinking communications

 

T   -    020 7280 0651  

E   -    roddy.watt@fwdconsulting.co.uk 

 

 

Notes to Editors

Chesnara is a life and pensions company listed on the London Stock Exchange.  It administers over one million policies and operates as Countrywide Assured in the UK, as The Waard Group and Scildon in the Netherlands, and as Movestic in Sweden.

 

Following a three pillar strategy, Chesnara's primary responsibility is the efficient administration of its customers' life and savings policies, ensuring good customer outcomes and providing a secure and compliant environment to protect policyholder interests. It also adds value by writing profitable new business in Sweden and the Netherlands and by undertaking value-adding acquisitions of either companies or portfolios.

 

Consistent delivery of the Company strategy has enabled Chesnara to increase its dividend for 15 years in succession.

 

Further details are available on the Company's website (www.chesnara.co.uk).


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