Result of AGM

Source: RNS
RNS Number : 7912A
Informa PLC
03 June 2021
 

Informa LEI: 5493006VM2LKUPSEDU20

Identification Code: GB00BMJ6DW54

 

Informa PLC Press Release 

3 June 2021

Results of Annual General Meeting

John Rishton confirmed as Chair

London: Informa PLC (the "Company") held its Annual General Meeting ("AGM") at 240 Blackfriars Road, London SE1 8BF earlier today.  All resolutions put to the AGM were voted on by way of a poll and the results of the poll are set out below.

 

RESOLUTION

FOR1

AGAINST

TOTAL

WITHHELD2

 

 

Votes

%

Votes

%

Votes

Votes

1

To re-elect John Rishton

1,157,916,981

93.66

78,344,567

6.34

1,236,261,548

64,327

2

To re-elect Stephen A Carter

1,234,714,892

99.87

1,562,692

0.13

1,236,277,584

48,291

3

To re-elect Stephen Davidson

660,670,882

53.44

575,589,774

46.56

1,236,260,656

65,219

4

To re-elect David Flaschen

1,222,588,379

98.89

13,681,576

1.11

1,236,269,955

55,920

5

To re-elect Mary McDowell

989,629,255

80.05

246,643,082

19.95

1,236,272,337

53,538

6

To elect Patrick Martell

1,233,434,773

99.77

2,835,110

0.23

1,236,269,883

55,992

7

To re-elect Helen Owers

966,092,289

78.15

270,179,832

21.85

1,236,272,121

53,754

8

To re-elect Gill Whitehead

1,226,201,546

99.36

7,929,884

0.64

1,234,131,430

2,194,445

9

To re-elect Gareth Wright

1,232,599,506

99.70

3,672,233

0.30

1,236,271,739

54,136

10

To receive the Annual Report and audited financial statements of the Company for the year ended 31 December 2020

1,235,734,534

100.00

3,446

0.00

1,235,737,980

587,895

11

To approve the Directors' Remuneration Report

468,963,296

38.26

756,720,147

61.74

1,225,683,443

10,642,276

12

To re-appoint Deloitte LLP as auditor of the Company until the conclusion of the next general meeting at which accounts are laid

1,190,964,166

96.33

45,325,994

3.67

1,236,290,160

35,715

13

To authorise the Audit Committee, for and on behalf of the Board, to determine the Auditor's remuneration

1,209,607,703

98.00

24,685,455

2.00

1,234,293,158

2,032,717

14

To authorise the Company to make limited political donations and political expenditure of not more than £30,000 in aggregate

1,220,765,829

98.78

15,020,319

1.22

1,235,786,148

539,316

15

To authorise the Directors to allot shares, up to a limited amount

1,105,058,596

89.39

131,215,256

10.61

1,236,273,852

52,023

16

To authorise the Directors to allot shares, and sell treasury shares for cash, without making a pre-emptive offer to shareholders3

1,224,263,558

99.18

10,098,720

0.82

1,234,362,278

1,963,597

17

To authorise the Directors to allot additional shares, and sell treasury shares for cash, without making a pre-emptive offer to shareholders in line with recommendations of the Pre-Emption Group3

1,174,399,762

95.14

59,981,310

4.86

1,234,381,072

1,944,803

18

To authorise the Company to purchase its own shares3

1,223,339,388

99.07

11,469,700

0.93

1,234,809,088

1,516,787

19

To authorise the calling of general meetings (other than an annual general meeting) on not less than 14 clear days' notice3

1,089,621,961

88.14

146,629,202

11.86

1,236,251,163

74,712

1         Where shareholders appointed the Chair as their proxy with discretion as to voting, their votes were cast in favour of the resolutions.

2         A vote withheld is not a vote in law and is not counted towards the votes cast 'For' or 'Against' a resolution.

3        Special Resolution (75% majority required).

 

The total voting rights of the Company as at 10.00pm on 1 June 2021 (the time by which shareholders wanting to vote at the AGM were required to be entered on the register) was 1,503,112,804 ordinary shares of 0.1p each.  The Company does not hold any shares in treasury.  Votes were cast in respect of 82.25% of the issued share capital.

In accordance with Listing Rule 9.6.2 copies of the resolutions passed at the AGM, other than resolutions constituting ordinary business, will shortly be available for inspection via the Financial Conduct Authority's Electronic Submission System at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

A copy of the poll results for the AGM will also shortly be available on the Informa website (www.informa.com/investors).

Remuneration Approach

As the AGM results indicate, a range of shareholders, for a range of specific, principled and technical reasons, have been unable to fully support the Company's chosen approach to remuneration, which we adopted through the COVID-19 pandemic. A majority of shareholders did support the introduction of the 2021-2023 Equity Revitalisation Plan in December, which is now effective and inflight, and a majority also supported the reappointment of the Remuneration Committee at this AGM, albeit at a variety of levels around and below the 80% threshold.

Consequently, the Company will initiate a new consultation with shareholders on its next approach to remuneration, including on a new Remuneration Policy to follow the 2021-2023 Equity Revitalisation Plan. This consultation will take place between now and the AGM in 2022, ensuring as many shareholders as possible are able to provide feedback and input on a future approach to remuneration that aligns as closely as possible with the balance of shareholder views.

Enquiries

 

Informa PLC

Rupert Hopley, Group Company Secretary

Richard Menzies-Gow, Director of Investor Relations

 

+44 (0)20 7017 5000

Informa PLC

Informa is a leading international Exhibitions, Events, Information Services and Scholarly Publishing Group. It helps commercial, professional and academic communities work smarter and make better decisions faster, through specialist content and intelligence, and opportunities to connect and learn. For more information, please visit www.informa.com.

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