Result of AGM

Source: RNS
RNS Number : 3631K
GlaxoSmithKline PLC
04 May 2022
 

 

GlaxoSmithKline plc

 

Results of 22nd Annual General Meeting

 

GlaxoSmithKline plc ('GSK') held a hybrid Annual General Meeting ('AGM') at 2.30pm on Wednesday 4 May 2022. Shareholders were able to join virtually via Lumi, Zoom and in person at the meeting held at the Sofitel Hotel in Terminal 5 Heathrow.

 

All valid proxy votes (whether submitted electronically or in hard copy form) were included in the poll taken at the meeting.

 

The table below shows the results of the poll on all 28 resolutions. The full text of the resolutions is contained in the Notice of AGM published on 28 March 2022, which is available on GSK's website at www.gsk.com.

 

Resolution

Total votes for(1)(2)

%

Total votes against(2)

%

Total votes cast

Votes withheld(3)

1

Receive and adopt the 2021 Annual Report

3,524,582,633

99.01

35,137,552

0.99

3,559,720,185

11,843,164

2

Approve the Annual report on remuneration  

3,240,737,115

91.05

318,510,405

8.95

3,559,247,520

12,317,062

3

Approve the Remuneration Policy

2,197,755,545

61.76

1,360,515,540

38.24

3,558,271,085

13,294,793

4

Election of Dr Anne Beal

3,546,443,179

99.55

16,055,842

0.45

3,562,499,021

9,042,781

5

Election of Dr Harry Dietz

3,545,845,271

99.54

16,469,238

0.46

3,562,314,509

9,224,475

6

Re-election of Sir Jonathan Symonds

3,482,374,837

97.76

79,898,313

2.24

3,562,273,150

9,274,730

7

Re-election of Dame Emma Walmsley

3,555,195,651

99.79

7,564,971

0.21

3,562,760,622

8,806,465

8

Re-election of Charles Bancroft

3,503,934,446

98.36

58,393,472

1.64

3,562,327,918

9,214,474

9

Re-election of Vindi Banga

3,483,288,426

97.79

78,881,291

2.21

3,562,169,717

9,373,841

10

Re-election of Dr Hal Barron

3,546,018,185

99.54

16,347,031

0.46

3,562,365,216

9,173,855

11

Re-election of Dr Vivienne Cox

3,531,865,048

99.14

30,474,324

0.86

3,562,339,372

9,204,548

12

Re-election of Lynn Elsenhans

3,476,281,291

97.58

86,142,909

2.42

3,562,424,200

9,118,541

13

Re-election of Dr Laurie Glimcher

3,556,622,114

99.84

5,547,225

0.16

3,562,169,339

9,375,696

14

Re-election of Dr Jesse Goodman

3,555,655,121

99.82

6,515,409

0.18

3,562,170,530

9,367,820

15

Re-election of Iain Mackay

3,551,784,186

99.71

10,432,989

0.29

3,562,217,175

9,333,434

16

Re-election of Urs Rohner

3,410,175,068

95.74

151,806,419

4.26

3,561,981,487

9,561,680

17

Re-appointment of the auditor

3,557,280,686

99.84

5,797,033

0.16

3,563,077,719

8,481,780

18

Remuneration of the auditor

3,555,233,064

99.86

5,000,395

0.14

3,560,233,459

11,338,880

19

Authority for the company to make donations to political organisations and incur political expenditure

3,493,409,287

98.64

48,161,797

1.36

3,541,571,084

30,003,446

20

Authority to allot shares

3,430,993,149

96.35

130,127,471

3.65

3,561,120,620

10,593,875

21

Disapplication of pre-emption rights - general power(4)

3,460,375,320

97.24

98,220,644

2.76

3,558,595,964

12,963,416

22

Disapplication of pre-emption rights - in connection with an acquisition or specified capital investment(4)

3,404,168,390

95.65

154,942,194

4.35

3,559,110,584

12,448,092

23

Authority for the company to purchase its own shares(4)

3,517,497,794

98.79

43,085,674

1.21

3,560,583,468

10,990,502

24

Exemption from statement of senior statutory auditor's name

3,523,554,816

99.59

14,359,955

0.41

3,537,914,771

33,655,391

25

Authority for reduced notice of a general meeting other than an AGM(4)

3,331,432,180

93.62

227,176,994

6.38

3,558,609,174

12,950,914

26

Approve the Share Save Plan 2022

3,508,449,940

98.62

49,235,709

1.38

3,557,685,649

13,896,262

27

Approve the Share Reward Plan 2022

3,516,666,377

98.86

40,690,090

1.14

3,557,356,467

14,160,284

28

Approve the adoption of new Articles of Association(4)

3,549,030,121

99.80

6,964,097

0.20

3,555,994,218

15,501,889

 

Resolution 3 - Approval of the Remuneration Policy

 

The Company was pleased that the new remuneration policy was supported in a vote at today's Annual General Meeting.  It also notes that a significant minority were not able to support the new policy at this time. The Company undertook an in-depth consultation process with the majority of its largest shareholders in developing the revised policy and will continue to engage to ensure it fully understands the views of all shareholders on these matters, and to continue to explain the rationale for the changes.

 

Notes:

 

(1)   The "for" votes include those giving the Chair discretion. In line with the notification issued to American Depositary Receipt (ADR) holders last year, GSK did not instruct its ADR Depositary to vote any unvoted ADRs in respect of the AGM resolutions.

(2)      Votes "for" and "against" are expressed as a percentage of the total votes cast.

(3)     A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "for" or "against" a resolution.

(4)      Indicates Special Resolutions requiring a 75% majority.

 

The following table provides further information on participation in the AGM:

 

 

GSK's

Twenty second

AGM

(Hybrid meeting)

(2022)

 

GSK's

Twenty first

AGM

(Virtual meeting)

(2021)

Issued share capital (excluding Treasury Shares)

5,083,974,547

5,031,444,276

Total votes cast and votes withheld lodged as a % of GSK's issued share capital (excluding Treasury Shares)

70.25%

70.11%

Total shareholder population

89,764

100,906

Total number of proxies lodged

5,343

6,089

Number of shareholders in attendance

93 in person

68 participated virtually

142 participated virtually

% of shareholders who lodged proxies

5.95%

6.03%

 

The above poll results will shortly be available on the company's website at www.gsk.com. In accordance with Listing Rule 9.6.2, a copy of the resolutions, other than those concerning ordinary business, will be submitted to the UK Listing Authority and will in due course be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism 

 

V A Whyte

Company Secretary

4 May 2022

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