Company Announcements

Result of AGM

Source: RNS
RNS Number : 9462M
Prudential PLC
14 May 2020
 

14 May 2020

 

Prudential plc 

 

Results of Annual General Meeting held on 14 May 2020

 

Prudential plc (the "Company") announces that at its Annual General Meeting ("AGM") held earlier today, Resolutions 1 to 22 (inclusive) and Resolution 25 as ordinary resolutions together with Resolutions 23, 24, 26, 27 and 28 as special resolutions, were duly passed and the results of the polls are as follows:

 


RESOLUTION

VOTES FOR

% OF VOTES CAST

VOTES AGAINST

% OF VOTES CAST

VOTES CAST IN TOTAL

TOTAL VOTES CAST AS A % OF ISSUED SHARE CAPITAL

VOTES WITHHELD

1     

To receive and consider the Accounts for the financial year ended 31 December 2019 together with the Strategic Report, Directors' Remuneration Report, Directors' Report and the Auditor's Report on those Accounts

1,986,224,489

98.90

22,148,927

1.10

2,008,373,416

76.98%

6,639,397

2     

To approve the Directors' Remuneration Report for the year ended 31 December 2019

1,930,404,646

96.84

63,037,343

3.16

1,993,441,989

76.41%

21,570,822

3     

To approve the revised Directors' Remuneration Policy

1,930,172,979

95.84

83,796,656

4.16

2,013,969,635

77.20%

1,043,445

4     

To elect Jeremy Anderson as a Director

2,001,720,782

99.36

12,905,904

0.64

2,014,626,686

77.22%

386,397

5     

To elect Shriti Vadera as a Director

2,013,581,582

99.95

1,056,540

0.05

2,014,638,122

77.22%

374,961

6     

To re-elect Mark FitzPatrick as a Director

2,009,319,473

99.74

5,306,974

0.26

2,014,626,447

77.22%

386,636

7     

To re-elect David Law as a Director

1,965,899,776

97.58

48,738,836

2.42

2,014,638,612

77.22%

374,471

8     

To re-elect Paul Manduca as a Director

1,961,363,421

97.43

51,684,359

2.57

2,013,047,780

77.16%

1,965,303

9     

To re-elect Kaikhushru Nargolwala as a Director

2,011,608,461

99.85

2,985,062

0.15

2,014,593,523

77.22%

419,560

10  

To re-elect Anthony Nightingale as a Director

1,886,716,115

93.79

124,920,100

6.21

2,011,636,215

77.11%

3,376,868

11  

To re-elect Philip Remnant as a Director

1,998,307,741

99.19

16,296,020

0.81

2,014,603,761

77.22%

409,322

12  

To re-elect Alice Schroeder as a Director

2,002,234,756

99.39

12,374,555

0.61

2,014,609,311

77.22%

403,772

13  

To re-elect James Turner as a Director

2,012,480,871

99.89

2,115,507

0.11

2,014,596,378

77.22%

416,705

14  

To re-elect Thomas Watjen as a Director

2,011,588,692

99.85

3,010,348

0.15

2,014,599,040

77.22%

414,043

15  

To re-elect Michael Wells as a Director

2,013,558,954

99.95

1,037,863

0.05

2,014,596,817

77.22%

416,266

16  

To re-elect Fields Wicker-Miurin as a Director

2,013,246,146

99.93

1,397,523

0.07

2,014,643,669

77.22%

369,414

17  

To re-elect Amy Yip as a Director

1,927,493,337

95.67

87,157,870

4.33

2,014,651,207

77.22%

361,876

18  

To re-appoint KPMG LLP as the Company's auditor

1,903,766,476

94.49

110,931,208

5.51

2,014,697,684

77.23%

315,399

19  

To authorise the Company's Audit Committee on behalf of the Board to determine the amount of the auditor's remuneration

1,948,797,962

96.73

65,909,756

3.27

2,014,707,718

77.23%

305,365

20  

To renew the authority to make political donations

1,973,935,123

97.98

40,696,254

2.02

2,014,631,377

77.22%

381,706

21  

To renew the authority to allot ordinary shares

1,944,077,047

96.49

70,799,333

3.51

2,014,876,380

77.23%

136,703

22  

To renew the authority to allot ordinary shares to include repurchased shares

1,988,823,319

98.71

26,061,363

1.29

2,014,884,682

77.23%

128,401

23  

To renew the authority for  disapplication of pre-emption rights

2,006,708,576

99.60

8,108,959

0.40

2,014,817,535

77.23%

195,546

24  

To additionally authorise the disapplication of pre-emption rights for purposes of acquisitions or specified capital investments

1,985,367,562

98.54

29,454,051

1.46

2,014,821,613

77.23%

191,468

25  

To renew the authority to issue mandatory convertible securities (MCS)

1,988,283,450

98.68

26,524,036

1.32

2,014,807,486

77.23%

205,595

26  

To renew the authority for disapplication of pre-emption rights in connection with an issuance of MCS

1,980,087,732

98.28

34,710,194

1.72

2,014,797,926

77.23%

215,155

27  

To renew the authority for purchase of own shares

1,949,772,073

96.84

63,550,610

3.16

2,013,322,683

77.17%

1,690,398

28  

To renew the authority in respect of notice for general meetings

1,866,032,442

92.62

148,699,400

7.38

2,014,731,842

77.23%

281,239

 

Sir Howard Davies did not stand for re-election as a Non-Executive Director of the Company, and retired from the Board with effect from the conclusion of the AGM.

 

As at 6.30pm (UK time) on 12 May 2020, the number of issued shares of the Company was 2,608,857,398 ordinary shares, which was the total number of shares entitling the holders to attend and vote for or against all the resolutions at the AGM. In accordance with the Company's Articles of Association, on a poll every member present in person or by proxy has one vote for every share held.

 

There were no restrictions on shareholders to cast votes on any of the resolutions proposed at the AGM. Votes withheld are not votes in law and therefore have not been counted in the calculation of the proportion of the votes for and against a resolution.

 

Pursuant to Listing Rule 9.6.2 of the UK Listing Rules, copies of all resolutions, other than those concerning ordinary business, passed at the AGM on 14 May 2020, will shortly be available to view via the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

 

 

Additional Information:

Prudential plc is an Asia-led portfolio of businesses focused on structural growth markets. The business helps individuals to de-risk their lives and deal with their biggest financial concerns through life and health insurance, and retirement and asset management solutions. Prudential plc has 20 million customers and is listed on stock exchanges in London, Hong Kong, Singapore and New York. Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America, nor with the Prudential Assurance Company, a subsidiary of M&G plc, a company incorporated in the United Kingdom.

 

Contact:         

Chris Smith, Deputy Group Secretary, +44 (0)20 3977 9639

Tom Clarkson, Company Secretary


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