Result of Voting at 2020 AGM
Source: RNSDate of issue: 24 April 2020
LEI: 213800WMV4WVES8TQH05
St. Modwen Properties PLC
("St. Modwen" or the "Company")
Result of Voting at 2020 Annual General Meeting
St. Modwen announces that all resolutions were passed by the requisite majorities on a poll at the Company's reconvened Annual General Meeting ("AGM") held on Friday, 24 April 2020. The results of the poll incorporating proxy votes lodged in advance of the AGM are set out below and will be published on the Company's website www.stmodwen.co.uk. The full text of the resolutions is set out in the Notice of AGM dated 9 April 2020 which is also available at www.stmodwen.co.uk.
A copy of the resolutions passed as special business (resolutions 16 to 20 inclusive) has been submitted to the National Storage Mechanism viewing facility and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
|
Resolution |
Votes For 1 |
% Votes For 1,2 |
Votes Against |
% Votes Against 2 |
Total Votes Validly Cast |
% of Issued Share Capital Voted 2,3 |
Votes Withheld 4 |
|
|
1 |
Annual Report and Accounts |
156,904,840 |
99.98% |
34,859 |
0.02% |
156,939,699 |
70.57% |
1,593,325 |
|
2 |
Directors' Remuneration Report |
155,863,400 |
98.82% |
1,866,218 |
1.18% |
157,729,618 |
70.93% |
803,406 |
|
3 |
Directors' Remuneration Policy |
152,277,889 |
96.07% |
6,229,031 |
3.93% |
158,506,920 |
71.28% |
26,104 |
|
4 |
Declaration of final dividend 5 (RESOLUTION WITHDRAWN) |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
|
5 |
Re-election of Mark Allan 6 (RESOLUTION WITHDRAWN) |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
|
6 |
Re-election of Ian Bull |
157,292,200 |
99.22% |
1,236,035 |
0.78% |
158,528,235 |
71.29% |
4,790 |
|
7 |
Re-election of Simon Clarke |
156,677,805 |
98.84% |
1,836,629 |
1.16% |
158,514,434 |
71.28% |
18,590 |
|
8 |
Re-election of Danuta Gray |
156,614,807 |
99.22% |
1,236,228 |
0.78% |
157,851,035 |
70.98% |
681,990 |
|
9 |
Re-election of Jenefer Greenwood |
156,183,746 |
98.52% |
2,343,565 |
1.48% |
158,527,311 |
71.29% |
5,714 |
|
10 |
Re-election of Jamie Hopkins |
157,288,632 |
99.22% |
1,239,603 |
0.78% |
158,528,235 |
71.29% |
4,790 |
|
11 |
Re-election of Rob Hudson |
157,154,503 |
99.13% |
1,373,732 |
0.87% |
158,528,235 |
71.29% |
4,790 |
|
12 |
Election of Sarah Whitney |
157,511,518 |
99.36% |
1,015,793 |
0.64% |
158,527,311 |
71.29% |
5,714 |
|
13 |
Re-appointment of KPMG LLP as auditor |
157,705,929 |
99.97% |
48,173 |
0.03% |
157,754,102 |
70.94% |
778,923 |
|
14 |
Auditor's remuneration |
157,742,864 |
99.99% |
16,981 |
0.01% |
157,759,845 |
70.94% |
773,180 |
|
15 |
Authority to allot shares |
155,457,498 |
98.55% |
2,295,271 |
1.45% |
157,752,769 |
70.94% |
780,256 |
|
16 |
Disapplication of pre-emption rights7 |
157,678,930 |
99.97% |
50,507 |
0.03% |
157,729,437 |
70.93% |
803,588 |
|
17 |
Disapplication of pre-emption rights (additional 5%)7 |
156,988,276 |
99.52% |
756,478 |
0.48% |
157,744,754 |
70.94% |
788,270 |
|
18 |
Authority to purchase own shares7 |
156,920,899 |
99.54% |
729,174 |
0.46% |
157,650,073 |
70.89% |
875,951 |
|
19 |
Notice periods for general meetings7 |
152,569,688 |
96.71% |
5,191,939 |
3.29% |
157,761,627 |
70.94% |
771,398 |
|
20 |
Changes to Articles of Association7 |
157,013,157 |
99.55% |
708,706 |
0.45% |
157,721,863 |
70.93% |
811,162 |
Notes:
1. Includes discretionary votes.
2. Percentages are rounded to two decimal places.
3. The number of ordinary shares in issue on 22 April 2020 was 222,376,988 with each share carrying the right to one vote.
4. A vote withheld is not a vote in law and is not counted in the calculation of the percentage of votes for or against a resolution.
5. As announced on 31 March 2020, the Board of directors of the Company withdrew its recommendation for the payment of the final dividend for the year ended 30 November 2019 and accordingly, resolution 4 was withdrawn.
6. As announced on 20 March 2020, Mark Allan left the business on 13 April 2020 and accordingly, resolution 5 was withdrawn.
7. Special resolution requiring a 75% majority.
For further information, please contact:
|
St. Modwen Properties PLC |
www.stmodwen.co.uk |
|
Rob Hudson, Interim Chief Executive Tom Gough, Head of External Communications and Stakeholder Relations
|
0121 222 9400 |
|
|
|
|
FTI Consulting |
|
|
Dido Laurimore Ellie Sweeney |
020 3727 1000 |
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