| For immediate release | 19 January 2021 |
Watkin Jones plc
('Watkin Jones' or the 'Company')
Result of AGM
Watkin Jones plc (AIM:WJG), the UK's leading developer and manager of residential for rent, with a focus on the build to rent and student accommodation sectors, announces that at the Company's Annual General Meeting held earlier today, all resolutions were duly passed.
A breakdown of proxy votes lodged prior to and votes received at the meeting for each resolution is set out below and will also be made available on the Company's website:
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| For | For | % | Against | % | Withheld |
| 1 | Receive the Directors' report and financial statements
| 201,016,115 | 100.0 | 2,200 | 0.0 | 169,843 |
| 2 | Declare a final dividend of 7.35 pence per ordinary share
| 201,163,214 | 100.0 | 0 | 0.0 | 24,944 |
| 3 | Approve the Directors' remuneration report
| 196,440,695 | 97.7 | 4,667,640 | 2.3 | 79,823 |
| 4 | Re-elect Grenville Turner as a Director
| 200,372,970 | 99.6 | 753,833 | 0.4 | 61,355 |
| 5 | Re-elect Richard Simpson as a Director
| 200,841,325 | 99.8 | 285,478 | 0.2 | 61,355 |
| 6 | Re-elect Philip Byrom as a Director
| 200,799,578 | 99.8 | 327,225 | 0.2 | 61,355 |
| 7 | Re-elect Simon Laffin as a Director
| 195,601,882 | 97.3 | 5,487,887 | 2.7 | 98,389 |
| 8 | Re-elect Liz Reilly as a Director
| 200,373,986 | 99.6 | 752,817 | 0.4 | 61,355 |
| 9 | Re-appoint Ernst & Young LLP as auditor
| 199,918,911 | 99.4 | 1,190,519 | 0.6 | 78,728 |
| 10 | Authorise the Directors to agree the remuneration of the auditor
| 201,080,618 | 100.0 | 39,634 | 0.0 | 67,906 |
| 11 | Authorise the Directors to allot shares
| 199,352,653 | 99.1 | 1,773,916 | 0.9 | 61,589 |
| 12 | Standard 5% disapplication of statutory pre-emption rights
| 200,987,531 | 99.9 | 128,976 | 0.1 | 71,651 |
| 13 | Additional 5% disapplication of statutory pre-emption rights
| 199,934,083 | 99.4 | 1,193,207 | 0.6 | 60,868 |
| 14 | Approve the purchase and cancellation of up to 10% of the issued ordinary share capital
| 174,474,638 | 100.0 | 44,877 | 0.0 | 26,668,643 |
| 15 | Allow meetings other than annual general meetings to be called on not less than 14 clear days' notice
| 200,014,378 | 99.4 | 1,137,101 | 0.6 | 36,679 |
- Ends -
For further information:
| Watkin Jones plc |
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| Richard Simpson, Chief Executive Officer | Tel: +44 (0) 20 3617 4453 | |
| Phil Byrom, Chief Financial Officer | ||
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| Peel Hunt LLP (Nominated Adviser & Joint Corporate Broker) | Tel: +44 (0) 20 7418 8900 | |
| Mike Bell / Ed Allsopp | ||
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| Jefferies Hoare Govett (Joint Corporate Broker) | Tel: +44 (0) 20 7029 8000 | |
| Max Jones / Will Soutar | ||
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Media enquiries:
| Buchanan |
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| Henry Harrison-Topham / Richard Oldworth Jamie Hooper / Steph Watson |
Tel: +44 (0) 20 7466 5000 |
| watkinjones@buchanan.uk.com | www.buchanan.uk.com |
Notes to Editors
Watkin Jones is the UK's leading developer and manager of residential for rent, with a focus on the build to rent and student accommodation sectors. The Group has strong relationships with institutional investors, and a reputation for successful, on-time-delivery of high quality developments. Since 1999, Watkin Jones has delivered over 43,000 student beds across 130 sites, making it a key player and leader in the UK purpose built student accommodation market. In addition, Fresh, the Group's specialist accommodation management business, manages over 20,000 student beds and build to rent apartments on behalf of its institutional clients. Watkin Jones has also been responsible for over 80 residential developments, ranging from starter homes to executive housing and apartments. The Group is increasingly expanding its operations into the build to rent sector.
The Group's competitive advantage lies in its experienced management team and business model, which enables it to offer an end-to-end solution for investors, delivered entirely in-house with minimal reliance on third parties, across the entire life cycle of an asset.
Watkin Jones was admitted to trading on AIM in March 2016 with the ticker WJG.L. For additional information please visit www.watkinjonesplc.com
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