RSA Insurance Group plc
("the Company")
Results of Annual General Meeting
7 May 2020
RSA Insurance Group plc held its Annual General Meeting for shareholders at 11.00 a.m. today.
Further to the announcement on 8 April 2020, Resolution 4 in relation to the declaration of a final year dividend was withdrawn from the business of the meeting. All other resolutions as detailed in the 2020 AGM Notice of Meeting were put to the meeting on a poll and were duly passed.
The issued share capital as at 5 May 2020 was 1,034,519,472.
The total number of votes received for each resolution is as follows:
|
Resolution |
For |
% of votes cast |
Against |
% of votes cast |
Votes cast as % of ISC |
Votes Withheld 1 |
|
1. To receive the Company's Annual Report and Accounts for the year ended 31 December 2019 |
767,538,048 |
99.98 |
133,146 |
0.02 |
74.21% |
403,687 |
|
2. To approve the Directors' Remuneration Policy |
742,441,744 |
96.69 |
25,383,856 |
3.31 |
74.22% |
249,281 |
|
3. To approve the Directors' Remuneration Report (other than the part containing the Directors' Remuneration Policy) |
725,625,014 |
95.45 |
34,620,760 |
4.55 |
73.49% |
7,829,107 |
|
4. * Resolution withdrawn * |
||||||
|
5. To re-elect Martin Scicluna as a Director |
741,155,417 |
96.50 |
26,854,109 |
3.50 |
74.24% |
65,355 |
|
6. To re-elect Stephen Hester as a Director |
763,194,395 |
99.37 |
4,817,565 |
0.63 |
74.24% |
62,922 |
|
7. To re-elect Scott Egan as a Director |
763,221,206 |
99.38 |
4,794,492 |
0.62 |
74.24% |
59,184 |
|
8. To re-elect Charlotte Jones as a Director |
762,571,703 |
99.29 |
5,444,198 |
0.71 |
74.24% |
58,981 |
|
9. To re-elect Alastair Barbour as a Director |
711,165,123 |
92.60 |
56,849,397 |
7.40 |
74.24% |
60,361 |
|
10. To re-elect Sonia Baxendale as a Director |
763,378,898 |
99.40 |
4,638,349 |
0.60 |
74.24% |
57,635 |
|
11. To elect Clare Bousfield as a Director |
767,827,868 |
99.98 |
188,577 |
0.02 |
74.24% |
58,437 |
|
12. To re-elect Kath Cates as a Director |
760,129,857 |
98.99 |
7,766,071 |
1.01 |
74.23% |
178,954 |
|
13. To re-elect Enrico Cucchiani as a Director |
763,015,851 |
99.35 |
4,994,451 |
0.65 |
74.24% |
64,580 |
|
14. To re-elect Martin Strobel as a Director |
761,784,531 |
99.19 |
6,229,800 |
0.81 |
74.24% |
60,551 |
|
15. To re-appoint KPMG LLP as the Company's auditor until the conclusion of the next AGM of the Company |
754,952,232 |
99.98 |
152,535 |
0.02 |
72.99% |
12,970,115 |
|
16. To authorise the Directors to determine the auditor's remuneration |
767,581,444 |
99.94 |
431,922 |
0.06 |
74.24% |
61,516 |
|
17. To give authority for the Group to make donations to political parties, independent election candidates and political organisations and to incur political expenditure |
750,507,789 |
97.72 |
17,471,814 |
2.28 |
74.24% |
95,279 |
|
18. To approve the increase to the cap on Directors' fees |
751,704,792 |
97.88 |
16,250,991 |
2.12 |
74.23% |
119,099 |
|
19. To permit the Directors to allot further shares and to grant rights to subscribe for or convert any security into shares in the Company |
733,257,090 |
95.47 |
34,756,395 |
4.53 |
74.24% |
61,397 |
|
20. To give general authority for disapplication of pre-emption rights |
759,650,975 |
98.91 |
8,354,667 |
1.09 |
74.24% |
69,240 |
|
21. To give additional authority for disapplication of pre-emption rights for the purpose of acquisition or capital investment |
746,623,995 |
97.21 |
21,392,171 |
2.79 |
74.24% |
58,715 |
|
22. To give authority to allot new ordinary shares in relation to an issue of mandatory convertible securities |
746,621,861 |
97.21 |
21,409,165 |
2.79 |
74.24% |
43,855 |
|
23. To give authority to allot equity securities for cash under the authority given under resolution 22 |
741,977,369 |
96.61 |
26,034,158 |
3.39 |
74.24% |
63,354 |
|
24. To give authority for the Company to buy back up to 10% of issued ordinary shares |
752,134,163 |
97.97 |
15,574,546 |
2.03 |
74.21% |
366,172 |
|
25. To adopt new Articles of Association |
765,045,189 |
99.62 |
2,941,289 |
0.38 |
74.24% |
88,404 |
|
26. To approve the notice period for general meetings |
725,462,603 |
94.46 |
42,565,441 |
5.54 |
74.24% |
46,838 |
Notes
1 A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.
In accordance with Listing Rule 9.6.2, a copy of all resolutions passed other than resolutions concerning ordinary business will shortly be submitted to the UK Listing Authority via the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
--ENDS--
LEI: 549300HOGQ7E0TY86138
Enquiries:
Christopher Smyth, Deputy Group Company Secretary
Tel: +44 (0)20 7111 7000
Website: www.rsagroup.com
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