Company Announcements

Result of AGM

Source: RNS
RNS Number : 5459P
Shaftesbury PLC
08 February 2019
 

 

Shaftesbury PLC

 

Result of AGM

 

At the Shaftesbury PLC (the "Company") Annual General Meeting held today, 8 February 2019, the resolutions set out below (other than resolutions 19, 20 and 22) were passed by Shareholders voting on a poll.

 

The Company announced on 25 January 2019 that Mr Samuel Tak Lee, the ultimate beneficial owner of 26.15% of the issued share capital of the Company, had notified the Company of his intention to vote against resolutions 18, 19 and 20.  In accordance with the Companies Act 2006, the Company circulated to shareholders on 29 January 2019 a copy of Mr Lee's statement regarding his voting intentions, and its response.

 

The Company became aware through press coverage yesterday that Mr Lee also intended to vote against resolutions 2, 3, 6, 7, 10 and 22. 

 

At the Annual General Meeting Mr Lee voted against all these resolutions.  Resolutions 2, 3, 6, 7, 10 and 18 were approved by shareholders but resolutions 19, 20 and 22 were not carried.  Mr Lee's reasons for his voting stance against resolutions 18, 19 and 20 are set out in his statement. The Company has not been formally made aware of his reasons for voting against the other resolutions.  As regards resolution 2, Mr Lee did not respond to the remuneration policy consultation process with shareholders in October 2018.

 

The Company is disappointed that Mr Lee has voted against these resolutions and will continue to attempt to engage directly with him. An update will be made in accordance with the UK Corporate Governance Code within six months of the AGM. 

 

 

Resolution

For

 

Against

Total

Withheld (*)

Votes

%

Votes

%

Votes

%

1.   To receive the accounts

198,627,557

100.00

5,000

0.00

198,632,557

64.62%

175,324

2.   To approve the Remuneration Policy

197,412,262

70.76

81,571,987

29.24

278,984,249

90.76%

712,552

3.   To approve the Annual Remuneration Report

197,983,949

70.98

80,930,767

29.02

278,914,716

90.74%

782,086

4.   To declare a final dividend

198,716,131

100.00

5,000

0.00

198,721,131

64.65%

86,750

5.   To elect Jennelle Tilling

198,712,500

100.00

7,034

0.00

198,719,534

64.65%

88,347

6.   To re-elect Jonathan Nicholls

196,946,652

70.52

82,338,481

29.48

279,285,133

90.86%

411,669

7.   To re-elect Brian Bickell

197,816,643

70.75

81,790,812

29.25

279,607,455

90.96%

89,347

8.  To re-elect Simon Quayle

197,727,719

99.50

991,815

0.50

198,719,534

64.65%

88,347

9.   To re-elect Thomas Welton

197,727,719

99.50

991,815

0.50

198,719,534

64.65%

88,347

10. To re-elect Christopher Ward

197,611,405

70.67

81,996,050

29.33

279,607,455

90.96%

89,347

11. To re-elect Richard Akers

198,344,293

99.81

376,735

0.19

198,721,028

64.65%

86,853

12. To re-elect Jill Little

198,261,881

99.77

459,147

0.23

198,721,028

64.65%

86,853

13. To re-elect Dermot Mathias

198,347,703

99.81

373,325

0.19

198,721,028

64.65%

86,853

14. To re-elect Sally Walden

198,345,037

99.81

372,322

0.19

198,717,359

64.65%

90,519

15. To re-appoint Ernst & Young

198,702,969

99.99

10,182

0.01

198,713,151

64.65%

94,730

16. To authorise the directors to agree the   remuneration of the auditors

198,695,753

99.99

22,781

0.01

198,718,534

64.65%

89,347

17. To authorise an increase in the aggregate non-executive director fee limit

197,984,404

99.63

735,526

0.37

198,719,930

64.65%

87,950

18. To authorise the directors to allot shares

192,916,163

68.97

86,779,039

31.03

279,695,202

90.99%

1,600

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

197,938,537

70.93

81,120,397

29.07

279,058,934

90.79%

637,868

20. 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)

195,832,923

70.17

83,232,654

29.83

279,065,577

90.79%

631,224

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

198,014,219

99.62

764,829

0.38

198,779,048

64.67%

28,832

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

192,196,765

68.74

87,405,987

31.26

279,602,752

90.96%

94,050

 

*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: 90.99% (Number of shares in issue 307,380,700)

 

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 www.morningstar.co.uk/uk/NSM

 

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

 

4.   Shaftesbury PLC LEI: 213800N7LHKFNTDKAT98

 

Penny Thomas

Company Secretary

020 7333 8118

8 February 2019

 

Contact:

RMS Partners 020 3735 6551

Simon Courtenay

 

MHP Communications 020 3128 8100

Oliver Hughes/Reg Hoare

 

 


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