Source - LSE Regulatory
RNS Number : 0174Z
Chesnara PLC
18 May 2021
 

CHESNARA plc

("Chesnara" or "the Company")

 

18 May 2021

 

LEI Number: 213800VFRMBRTSZ3SJ06

 

 

RESULT OF THE CHESNARA PLC 2021 ANNUAL GENERAL MEETING

 

Chesnara plc announces that the resolutions proposed at its Annual General Meeting held on 18 May 2021 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 18 May 2021 consisted of 150,077,806 ordinary 5p shares and the number of voting rights was also 150,077,806 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 2020

88,753,315

99.96

34,790

0.04

88,788,105

100,825

2

To approve the Directors' Remuneration Report

86,686,919

97.54

2,186,365

2.46

88,873,284

15,646

3

To declare a final dividend of 14.29p per ordinary share

88,883,738

99.99

5,156

0.01

88,888,894

36

4

To re-elect Mr Deane as a director

88,804,353

99.95

43,503

0.05

88,847,856

41,074

5

To re-elect Mr Rimmington as a director

88,800,776

99.95

47,080

0.05

88,847,856

41,074

6

To re-elect Ms Dale as a director

88,774,931

99.92

73,026

0.08

88,847,957

40,973

7

To re-elect Mr Savage as a director

88,768,993

99.91

78,863

0.09

88,847,856

41,074

8

To re-elect Mrs Oak as a director

87,748,778

98.76

1,099,179

1.24

88,847,957

40,973

9

To re-elect Mr Hesketh as a director

88,768,712

99.91

78,344

0.09

88,847,056

41,874

10

To elect Mr Eamonn Flanagan as a director

88,803,846

99.95

47,080

0.05

88,850,926

38,004

11

To re-appoint Deloitte LLP as auditor

88,804,173

99.91

76,238

0.09

88,880,411

8,519

12

To authorise the directors to determine the auditor's remuneration

88,868,017

99.99

12,603

0.01

88,880,620

8,310

13

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

87,310,678

98.24

1,568,251

1.76

88,878,929

10,001

14

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

87,423,438

98.35

1,462,484

1.65

88,885,922

3,008

15

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

87,409,220

98.34

1,478,405

1.66

88,887,625

1,305

16

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

86,200,256

96.98

2,687,369

3.02

88,887,625

1,305

17

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

88,821,433

99.95

46,671

0.05

88,868,104

20,826

18.

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

88,551,698

99.63

333,251

0.37

88,884,949

3,981

 

*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 2020, 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 16 years in succession.

 

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

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