Source - LSE Regulatory
RNS Number : 3861Q
Shaftesbury PLC
25 February 2021
 

Shaftesbury PLC

 

Results of AGM

 

At the Shaftesbury PLC (the "Company") Annual General Meeting ("AGM") held today, the resolutions set out below (with the exception of resolutions 15 and 16) were passed by shareholders voting on a poll.

 

The Board would like to thank shareholders for their engagement and support ahead of the AGM and throughout the year. While most of the resolutions were passed, with majorities in excess of 97.51%, the Board notes that resolutions 15 (Disapplication of Pre-emption Rights - General) and 16 (Disapplication of Pre-emption Rights - Specific) which were special resolutions requiring a 75% majority, did not receive sufficient support to be passed (receiving votes in favour of 72.03% and 70.94% respectively).

 

Both of the resolutions followed the provisions of the Pre-Emption Group's Statement of Principles for the disapplication of pre-emption rights and reflect UK listed company market practice. The Board considers the flexibility afforded by these authorities to be in the best interests of the Company. 

 

In accordance with provision 4 of the UK Corporate Governance Code (the "Code"), the Board confirms that it will consult and continue to engage with the relevant shareholders to understand and discuss their concerns with respect to these resolutions. An update will be provided within six months of the AGM, in accordance with the Code, with a final summary to be included in the Company's 2021 annual report and accounts.

 

Board Changes

Dermot Mathias retired as a director of the Company at the conclusion of the AGM. We offer our thanks to Dermot for his valuable contribution and advice throughout his tenure. Following Dermot's retirement, Ruth Anderson has been appointed as the Chair of the Audit Committee.

 

 

Resolution

For

 

Against

Total

Withheld (*)

Votes

%

Votes

%

Votes

% ISC

1.  To receive the accounts

 

346,694,349

100.00

0

0.00

346,694,349

90.23%

184,465

2.   To approve the Annual Remuneration Report

 

345,451,949

99.61

1,343,487

0.39

346,795,436

90.26%

83,378

3.   To elect Ruth Anderson

 

 

346,395,577

99.98

57,964

0.02

346,453,541

90.17%

425,273

4.   To re-elect Jonathan Nicholls

 

342,744,115

98.83

4,069,934

1.17

346,814,049

90.27%

66,632

5.  To re-elect Brian Bickell

 

 

343,768,639

99.12

3,045,410

0.88

346,814,049

90.27%

66,632

6.  To re-elect Simon Quayle

 

 

343,682,698

99.10

3,131,351

0.90

346,814,049

90.27%

66,632

7.  To re-elect Christopher Ward

 

343,769,496

99.12

3,042,686

0.88

346,812,182

90.27%

66,632

8.  To re-elect Thomas Welton

 

343,683,198

99.10

3,130,851

0.90

346,814,049

90.27%

66,632

9. To re-elect Richard Akers

 

 

341,459,220

98.56

4,988,478

1.44

346,447,698

90.17%

431,116

10. To re-elect Jennelle Tilling

 

342,374,263

98.82

4,076,063

1.18

346,450,326

90.17%

428,488

11. To re-elect Sally Walden

 

 

341,675,140

98.62

4,776,666

1.38

346,451,806

90.17%

427,008

12. To re-appoint Ernst & Young

 

340,348,002

98.24

6,107,767

1.76

346,455,769

90.17%

424,912

13. To authorise the directors to agree the   remuneration of the auditor

 

340,207,418

98.09

6,608,800

1.91

346,816,218

90.27%

64,463

14. To authorise the directors to allot shares

 

342,292,865

98.70

4,517,153

1.30

346,810,018

90.26%

70,663

15. To grant the directors authority to disapply pre-emption rights (Special Resolution)

 

249,817,928

72.03

96,991,925

27.97

346,809,853

90.26%

68,961

16. To grant the directors authority to disapply pre-emption rights for an additional 5% only in connection with an acquisition or specified investment (Special Resolution)

 

246,040,406

70.94

100,768,812

29.06

346,809,218

90.26%

69,596

17. To authorise market purchases of the Company's shares (Special Resolution)

 

345,884,853

99.80

704,007

0.20

346,588,860

90.21%

291,821

18. To call a general meeting, other than an annual general meeting, on not less than 14 clear days' notice (Special Resolution)

 

338,180,800

97.51

8,633,666

2.49

346,814,466

90.27%

64,348

 

*Vote withheld is not a vote in law and will not be counted in the calculation of the proportion of votes for and against a resolution.

 

Notes

1.   Percentage of shares voted: 90.27% (Number of shares in issue 384,214,860)

 

2.   In accordance with UK Listing Rule 9.6.2R, copies of all resolutions passed at the AGM, other than those concerning ordinary business, will be submitted to the UK Listing Authority and will, in due course, be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. 

 

3.   Details of the votes received on the resolutions are available on the Company's website: www.shaftesbury.co.uk.

 

Desna Martin

Company Secretary

020 7333 8118

25 February 2021

 

Contact:

RMS Partners 020 3735 6551

Simon Courtenay

 

MHP Communications 020 3128 8100

Oliver Hughes/Reg Hoare

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