| For immediate release | 17 February 2022 |
Watkin Jones plc
('Watkin Jones' or the 'Company')
Result of AGM
Watkin Jones plc (AIM:WJG) 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. Votes withheld have not been included in the calculation of whether a resolution is carried.
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| For | No. of votes 'For' and discretionary
| % | Against | % | Withheld |
| 1 | Receive the Directors' report and financial statements
| 196,388,372 | 99.99 | 4,608 | 0.01 | 127,798 |
| 2 | Declare a final dividend
| 196,518,848 | 99.99 | 908 | 0.01 | 1,022 |
| 3 | Approve the Directors' remuneration report
| 180,800,664 | 92.03 | 15,659,681 | 7.97 | 60,433 |
| 4 | Elect Alan Giddins as a Director
| 196,382,917 | 99.96 | 83,981 | 0.04 | 53,880 |
| 5 | Re-elect Richard Simpson as a Director
| 196,290,284 | 99.91 | 176,614 | 0.09 | 53,880 |
| 6 | Elect Sarah Sergeant as a Director
| 196,298,815 | 99.91 | 168,083 | 0.09 | 53,880 |
| 7 | Re-elect Simon Laffin as a Director
| 194,489,240 | 98.99 | 1,977,658 | 1.01 | 53,880 |
| 8 | Re-elect Liz Reilly as a Director
| 190,904,221 | 97.14 | 5,613,711 | 2.86 | 2,846 |
| 9 | Appoint Deloitte LLP as auditor
| 196,447,322 | 99.97 | 65,610 | 0.03 | 7,846 |
| 10 | Authorise the Directors to agree the remuneration of the auditor
| 196,455,284 | 99.97 | 54,142 | 0.03 | 11,352 |
| 11 | Authorise the Directors to allot shares
| 195,030,285 | 99.25 | 1,473,938 | 0.75 | 16,555 |
| 12 | Standard 5% disapplication of statutory pre-emption rights
| 195,915,970 | 99.71 | 563,253 | 0.29 | 41,555 |
| 13 | Additional 5% disapplication of statutory pre-emption rights
| 176,075,990 | 89.62 | 20,403,233 | 10.38 | 41,555 |
| 14 | Approve the purchase and cancellation of up to 10% of the issued ordinary share capital
| 195,875,343 | 99.99 | 17,150 | 0.01 | 628,285 |
| 15 | Approve the Sharesave plan | 196,444,917 | 99.99 | 8,272 | 0.01 | 67,589 |
| 16 | Adopt new articles of association | 196,445,760 | 99.97 | 59,756 | 0.03 | 15,262 |
| 17 | Allow meetings other than annual general meetings to be called on not less than 14 clear days' notice | 195,153,052 | 99.31 | 1,363,176 | 0.69 | 4,550 |
For further information:
| Watkin Jones plc |
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| Richard Simpson, Chief Executive Officer | Tel: +44 (0) 20 3617 4453 | |
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| Sarah Sergeant, Chief Financial Officer
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 / James Umbers
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Media enquiries:
| Buchanan |
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| Henry Harrison-Topham / Steph Whitmore watkinjones@buchanan.uk.com | Tel: +44 (0) 20 7466 5000 www.buchanan.uk.com |
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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, student accommodation and affordable housing 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 46,000 student beds across 136 sites, making it a key player and leader in the UK purpose-built student accommodation market, and is increasingly expanding its operations into the build to rent sector. In addition, Fresh, the Group's specialist accommodation management business, manages over 22,000 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's competitive advantage lies in its experienced management team and capital-light 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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