Results of AGM and Board Changes
Source: RNS
The Law Debenture Corporation p.l.c.
8th Floor
100 Bishopsgate
London
EC2N 4AG
7 April 2021
Annual General Meeting Poll Results
The Law Debenture Corporation p.l.c. (the "Corporation") announces that at the Annual General Meeting ("AGM") held earlier today, all resolutions set out in the Notice of AGM were duly passed by way of poll and the results are as follows:
|
Resolutions |
Description |
For (including discretionary) |
% |
Against |
% |
Withheld |
Votes cast as a % of TVR |
|
1 |
Report and accounts |
29,223,656 |
99.99 |
1,986 |
0.01 |
20,256 |
24.26 |
|
2 |
Directors' Remuneration Report |
28,152,740 |
97.21 |
809,105 |
2.79 |
284,053 |
24.05 |
|
3 |
Final dividend of 8.00p |
29,142,531 |
100.00 |
883 |
0.00 |
102,484 |
24.20 |
|
4 |
Re-elect Denis Jackson |
28,912,882 |
99.22 |
226,710 |
0.78 |
106,306 |
24.19 |
|
5 |
Re-elect Robert Hingley |
28,819,550 |
98.91 |
316,480 |
1.09 |
109,868 |
24.19 |
|
6 |
Re-elect Mark Bridgeman |
29,067,693 |
99.64 |
105,187 |
0.36 |
73,018 |
24.22 |
|
7 |
Re-elect Tim Bond |
29,024,362 |
99.53 |
137,871 |
0.47 |
83,665 |
24.21 |
|
8 |
Re-elect Claire Finn |
29,035,076 |
99.54 |
133,642 |
0.46 |
77,180 |
24.22 |
|
9 |
Elect Trish Houston |
28,958,143 |
99.48 |
151,545 |
0.52 |
136,210 |
24.17 |
|
10 |
Re-appoint BDO LLP as statutory auditors |
29,148,036 |
99.81 |
55,880 |
0.19 |
41,982 |
24.25 |
|
11 |
Authorise the Audit and Risk Committee to determine the auditor's remuneration |
29,158,535 |
99.82 |
52,345 |
0.18 |
35,018 |
24.25 |
|
12 |
Authority to allot shares |
29,071,808 |
99.55 |
132,398 |
0.45 |
41,692 |
24.25 |
|
13* |
Authority to disapply pre-emption rights |
28,620,110 |
98.20 |
525,929 |
1.80 |
99,859 |
24.20 |
|
14* |
Additional authority to disapply pre-emption rights for acquisitions or specified capital investment |
27,970,507 |
95.98 |
1,172,390 |
4.02 |
103,001 |
24.20 |
|
15* |
Authority to buy back shares |
29,049,812 |
99.42 |
169,691 |
0.58 |
26,395 |
24.26 |
|
16* |
Adoption of New Articles |
28,888,205 |
99.83 |
49,150 |
0.17 |
306,043 |
24.02 |
|
17* |
Authority to call general meeting on 14 days' notice |
28,886,697 |
98.84 |
337,938 |
1.16 |
21,263 |
24.26 |
* Special resolutions.
For the purposes of section 341 of the Companies Act 2006, the votes validly cast are expressed in the table above as a percentage of the Corporation's total voting rights as at close of business on 1 April 2021, being the time at which shareholders had to be registered on the register of members in order to attend and vote at the AGM. A vote "withheld" is not a vote in law and has not been counted as a vote "for" or "against" a resolution.
The number of ordinary shares in issue as at the date of this announcement is 120,582,842 with no ordinary shares held in treasury. As at the date of this announcement the Corporation's total voting rights therefore comprises 120,582,842 shares with one vote each.
A copy of the special resolutions and resolution 12 (the "Resolutions"), the newly adopted Articles of Association dated 7 April 2021 (the "Articles") and the 2020 Annual Report and Accounts will be filed at Companies House. The Resolutions and Articles will be submitted today to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism in compliance with Listing Rule 9.2.6ER.
Board Changes
Following Robert Laing's retirement from the Board, including his appointments as Remuneration Committee Chair and Senior Independent Director, the Corporation announces the appointment of Non-Executive Director Tim Bond as Senior Independent Director of the Corporation with effect from the conclusion of the AGM held earlier today (the "Effective Date").
As previously announced, Non-Executive Director Claire Finn has been appointed Chair of the Remuneration Committee from the Effective Date.
Law Debenture Corporate Services Limited, Corporate Secretary
7 April 2021
Contact: Alison Skerritt, Tel: 079 6751 3597
The Law Debenture Corporation p.l.c. is registered in England, company registration number 30397. LEI number - 2138006E39QX7XV6PP21
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