BARRATT DEVELOPMENTS PLC
RESULTS OF THE 2020 ANNUAL GENERAL MEETING
Barratt Developments PLC (the "Company") held its sixty-second Annual General Meeting (the "AGM") on Wednesday 14th October 2020, as a closed meeting at Kent House, 14-17 Market Place, London, W1W 8AJ
All resolutions put to the meeting were voted on by way of a poll and were passed by the shareholders. The results of the poll for each such resolution are shown below:
Poll Results
|
Resolution |
Votes For (including Chairman's discretionary votes) |
Votes Against |
Votes Withheld1 |
Total Votes Cast (excluding votes withheld) |
||||
|
|
|
No. of Shares |
% of shares voted |
No. of Shares |
% of shares voted |
No. of Shares |
No. of Shares |
% of issued share capital |
|
1. |
To receive the Auditor's and Directors' reports, the strategic report and the accounts for the year ended 30 June 2020. |
680,156,804 |
99.98% |
151,426 |
0.02% |
373,445 |
680,308,230 |
66.81% |
|
2. |
To approve the Directors' remuneration report for the year ended 30 June 2020 (excluding the Directors' remuneration policy). |
671,378,366 |
98.65% |
9,153,481 |
1.35% |
149,828 |
680,531,847 |
66.83% |
|
3. |
To approve the Directors' remuneration policy. |
669,565,590 |
98.38% |
10,994,399 |
1.62% |
121,686 |
680,559,989 |
66.83% |
|
4. |
To re-elect John Allan as a Director of the Company. |
674,486,654 |
99.11% |
6,041,852 |
0.89% |
153,169 |
680,528,506 |
66.83% |
|
5. |
To re-elect David Thomas as a Director of the Company.
|
675,356,104 |
99.24% |
5,188,646 |
0.76% |
136,925 |
680,544,750 |
66.83% |
|
6. |
To re-elect Steven Boyes as a Director of the Company |
674,253,266 |
99.07% |
6,322,428 |
0.93% |
105,981 |
680,575,694 |
66.83% |
|
7. |
To re-elect Jessica White as a Director of the Company. |
671,473,000 |
98.66% |
9,114,480 |
1.34% |
94,195 |
680,587,480 |
66.83% |
|
8. |
To re-elect Richard Akers as a Director of the Company. |
672,814,853 |
98.86% |
7,763,510 |
1.14% |
103,312 |
680,578,363 |
66.83% |
|
9. |
To re-elect Nina Bibby as a Director of the Company. |
678,391,665 |
99.67% |
2,213,240 |
0.33% |
76,770 |
680,604,905 |
66.84% |
|
10. |
To re-elect Jock Lennox as a Director of the Company. |
678,406,526 |
99.68% |
2,184,719 |
0.32% |
90,430 |
680,591,245 |
66.84% |
|
11. |
To re-elect Sharon White as a Director of the Company. |
678,361,390 |
99.67% |
2,226,828 |
0.33% |
93,457 |
680,588,218 |
66.83% |
|
12. |
To re-appoint Deloitte LLP as the auditor of the Company. |
676,341,958 |
99.38% |
4,231,748 |
0.62% |
107,969 |
680,573,706 |
66.83% |
|
13. |
To authorise the Audit Committee to fix the auditor's remuneration. |
679,940,940 |
99.90% |
647,246 |
0.10% |
93,489 |
680,588,186 |
66.83% |
|
14. |
To authorise the Company to make political donations and incur political expenditure. |
656,989,328 |
96.54% |
23,566,590 |
3.46% |
125,757 |
680,555,918 |
66.83% |
|
15. |
To authorise the Board to allot shares and grant subscription/conversion rights over shares.
|
672,757,177 |
98.85% |
7,837,389 |
1.15% |
87,109 |
680,594,566 |
66.84% |
|
16. |
To authorise the Board to allot or sell ordinary shares without complying with pre-emption rights.* |
679,512,803 |
99.85% |
1,035,964 |
0.15% |
132,908 |
680,548,767 |
66.83% |
|
17. |
To authorise the Company to make market purchases of its ordinary shares.* |
673,115,300 |
98.96% |
7,103,530 |
1.04% |
462,844 |
680,218,830 |
66.80% |
|
18. |
To allow the Company to hold general meetings, other than an Annual General Meeting, on not less than 14 clear days' notice.* |
648,598,347 |
95.29% |
32,038,251 |
4.71% |
45,076 |
680,636,598 |
66.84% |
|
19. |
To authorise the Company to adopt new Articles of Association.* |
680,431,682 |
99.99% |
84,417 |
0.01% |
165,576 |
680,516,099 |
66.83% |
1 A vote withheld is not a vote in law.
* Indicates a special resolution requiring a 75% majority.
Issued share capital as at voting record date: 1,018,311,315
Number of votes per share: one
Resolutions submitted to the National Storage Mechanism (the 'NSM')
We will shortly submit copies of all resolutions, other than those relating to ordinary business, passed at the meeting, (being Resolutions 15, 16, 17, 18, and 19) to the NSM in accordance with Listing Rule 9.6.2.
These resolutions will therefore be available for inspection at: https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism.
The poll results will also be available shortly on the Company's website www.barrattdevelopments.co.uk.
For further information please contact:
Barratt Developments PLC
David Thomas, Chief Executive 020 7299 4896
Tina Bains, Company Secretary 01530 278 278
For media enquiries, please contact:
Barratt Developments PLC
Tim Collins, Head of Corporate Communications 020 7299 4874
Brunswick
Jonathan Glass 020 7404 5959
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