BARRATT DEVELOPMENTS PLC
RESULTS OF THE 2021 ANNUAL GENERAL MEETING
Barratt Developments PLC (the "Company") held its sixty-third Annual General Meeting (the "AGM") on Wednesday 13th October 2021, at Ironmongers' Hall, Off Shaftesbury Place, Aldersgate, Barbican, London EC2Y 8AA.
All resolutions put to the meeting were voted on by way of a poll and were passed by the shareholders. The results of the poll for each such resolution are shown below:
Poll Results
|
Resolution | Votes For (including Chairman's discretionary votes) |
Votes Against |
Votes Withheld1 |
Total Votes Cast (excluding votes withheld) | ||||
|
|
| No. of Shares | % of shares voted | No. of Shares | % of shares voted | No. of Shares | No. of Shares | % of issued share capital |
| 1. | To receive the Auditor's and Directors' reports, the strategic report and the accounts for the year ended 30 June 2021. | 728,337,463 | 99.98 | 165,387 | 0.02 | 325,435 | 728,502,850 | 71.27% |
| 2. | To approve the Directors' remuneration report for the year ended 30 June 2021 (excluding the Directors' remuneration policy). | 713,316,429 | 98.03 | 14,367,687 | 1.97 | 8,583,304 | 727,684,116 | 71.19% |
| 3. | To declare a final dividend of 21.9 pence per ordinary share. | 735,275,610 | 99.87 | 966,710 | 0.13 | 25,100 | 736,242,320 | 72.03% |
| 4. | To elect Katie Bickerstaffe as a Director of the Company. | 735,831,235 | 99.95 | 372,444 | 0.05 | 63,741 | 736,203,679 | 72.02% |
| 5. | To elect Chris Weston as a Director of the Company. | 732,601,694 | 99.51 | 3,598,525 | 0.49 | 67,201 | 736,200,219 | 72.02% |
| 6. | To re-elect John Allan as a Director of the Company. | 732,172,800 | 99.45 | 4,038,796 | 0.55 | 55,824 | 736,211,596 | 72.02% |
| 7. | To re-elect David Thomas as a Director of the Company. | 736,059,843 | 99.98 | 149,677 | 0.02 | 57,900 | 736,209,520 | 72.02% |
| 8. | To re-elect Steven Boyes as a Director of the Company | 734,958,257 | 99.83 | 1,251,723 | 0.17 | 57,440 | 736,209,980 | 72.02% |
| 9. | To re-elect Nina Bibby as a Director of the Company. | 735,342,635 | 99.88 | 866,883 | 0.12 | 57,902 | 736,209,518 | 72.02% |
| 10. | To re-elect Jock Lennox as a Director of the Company. | 727,025,462 | 99.76 | 1,745,383 | 0.24 | 57,440 | 728,770,845 | 71.30% |
| 11. | To re-elect Sharon White as a Director of the Company. | 727,896,223 | 99.88 | 869,407 | 0.12 | 62,655 | 728,765,630 | 71.30% |
| 12. | To re-appoint Deloitte LLP as the auditor of the Company. | 721,749,715 | 99.04 | 7,022,032 | 0.96 | 56,538 | 728,771,747 | 71.30% |
| 13. | To authorise the Audit Committee to fix the auditor's remuneration. | 726,423,144 | 99.68 | 2,358,164 | 0.32 | 46,947 | 728,781,308 | 71.30% |
| 14. | To authorise the Company to make political donations and incur political expenditure. | 703,380,609 | 96.53 | 25,258,726 | 3.47 | 188,950 | 728,639,335 | 71.28% |
| 15 | To approve the increase of the directors' fee limit from £800,000 to £1,000,000 | 727,837,032 | 99.88 | 864,272 | 0.12 | 126,981 | 728,701,304 | 71.29% |
| 16. | To authorise the Board to allot shares and grant subscription/conversion rights over shares. | 709,500,756 | 97.35 | 19,302,848 | 2.65 | 24,681 | 728,803,604 | 71.30% |
| 17. | To authorise the Board to allot or sell ordinary shares without complying with pre-emption rights.* | 709,660,259 | 97.40 | 18,965,730 | 2.60 | 202,296 | 728,625,989 | 71.28% |
| 18. | To authorise the Company to make market purchases of its ordinary shares.* | 725,482,964 | 99.84 | 1,196,643 | 0.16 | 2,148,678 | 726,679,607 | 71.09% |
| 19. | To allow the Company to hold general meetings, other than an Annual General Meeting, on not less than 14 clear days' notice.* | 696,633,745 | 94.83 | 38,009,780 | 5.17 | 184,128 | 734,643,525 | 71.87% |
1 A vote withheld is not a vote in law.
* Indicates a special resolution requiring a 75% majority.
Issued share capital as at voting record date: 1,022,171,405. Number of votes per share: one
Resolutions submitted to the National Storage Mechanism (the 'NSM')
We will shortly submit copies of all resolutions, other than those relating to ordinary business, passed at the meeting, (being Resolutions 15, 16, 17, 18, and 19) to the NSM in accordance with Listing Rule 9.6.2.
These resolutions will therefore be available for inspection at: https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism.
The poll results will also be available shortly on the Company's website www.barrattdevelopments.co.uk.
For further information please contact:
Barratt Developments PLC
David Thomas, Chief Executive 020 7299 4896
Tina Bains, Company Secretary 01530 278 278
For media enquiries, please contact:
Barratt Developments PLC
Tim Collins, Head of Corporate Communications 020 7299 4874
Brunswick
Jonathan Glass/Rosie Oddy 020 7404 5959
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