Result of AGM

Source: RNS
RNS Number : 3448S
Mears Group PLC
13 June 2024
 

13 June 2024

Mears Group PLC

("Mears")

 

Result of AGM

 

Mears Group PLC held its Annual General Meeting ("AGM") earlier today. In summary, all resolutions were duly passed on a poll. The results of each resolution are as follows:

 

Resolution 

Votes For

Votes Against

Votes withheld

Total votes cast

Percentage of issued share capital voted (%)

1 THAT the audited accounts for the year ended 31 December 2023, together with the Directors' and Auditor's Reports thereon, be received and adopted.

 62,626,778

 4,567

 539,135

 62,631,345

65.16%

2 THAT the annual report on remuneration contained on pages 87 to 96 of the Annual Report and Accounts for the financial year ended 31 December 2023, be approved.

 62,743,858

 418,395

 8,227

 63,162,253

65.72%

3 THAT PricewaterhouseCoopers LLP ("PwC") be appointed as auditor of the Company.

 62,780,109

 382,762

 7,609

 63,162,871

65.72%

4 THAT the Directors be authorised to fix the remuneration of the auditor.

 63,164,570

 5,610

 300

 63,170,180

65.72%

5 THAT a final dividend of 9.30p per ordinary share for the year ended 31 December 2023 be declared payable on 16 July 2024 to all members whose names appear on the Company's register of members as at 28 June 2024.

 63,170,180

 -  

 300

 63,170,180

65.72%

6 THAT Jim Clarke be re-elected as a Director.

 58,883,730

 3,911,749

 375,001

 62,795,479

65.33%

7 THAT Lucas Critchley be re-elected as a Director.

 62,720,053

 75,427

 375,000

 62,795,480

65.33%

8 THAT Andrew Smith be re-elected as a Director.

 62,260,302

 535,178

 375,000

 62,795,480

65.33%

9 THAT Julia Unwin be re-elected as a Director.

 56,418,363

 6,377,116

 375,001

 62,795,479

65.33%

10 THAT Angela Lockwood be re-elected as a Director.

 61,989,439

 803,540

 377,501

 62,792,979

65.33%

11 THAT Nick Wharton be elected as a Director.

 62,788,671

 378,309

 3,500

 63,166,980

65.72%

12 THAT the Board be and is hereby generally and unconditionally authorised pursuant to Section 551 of the Companies Act 2006 (the 'Act') to exercise all the powers of the Company to allot shares in the Company.

 57,174,408

 5,995,072

 1,000

 63,169,480

65.72%

13 THAT, subject to the passing of Resolution 12, the Board be and is hereby authorised, pursuant to Section 570 of the Act, to allot equity securities.

 62,730,171

 65,309

 375,000

 62,795,480

65.33%

14 THAT the Company be generally and unconditionally authorised for the purposes of Section 701 of the Act to make market purchases.

 62,503,103

 412,016

 255,361

 62,915,119

65.46%

15 THAT the Company be and is hereby generally and unconditionally authorised to hold general meetings (other than an annual general meeting) on 14 clear days' notice from the date of the passing of this resolution.

 57,228,934

 5,938,745

 2,801

 63,167,679

65.72%

 

Notes:

 

(i)            Votes 'For' include those votes giving the Chairman discretion.

(ii)           The number of ordinary shares in issue on 13 June 2024 was 96,113,782.  Shareholders are entitled to one vote per share.

(iii)          A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes validly cast.

 

Full details of the resolutions are set out in the Notice of Annual General Meeting dated 25 April 2024, which is available on the Company's website at https://www.mearsgroup.co.uk/meetings-voting/2024-notice-of-annual-general-meeting.

 

Resolutions 1 to 12 were ordinary resolutions, requiring more than 50% of shareholders' votes to be cast in favour of the resolutions. Resolutions 13 to 15 were special resolutions, requiring at least 75% of shareholders' votes to be cast in favour of the resolutions.

 

A copy of all the resolutions passed at the Annual General Meeting has been submitted to the Financial Conduct Authority via the National Storage Mechanism and will shortly be available for inspection.

 

For further information, contact:

 

Mears Group PLC

Ben Westran, Company Secretary                                                    Tel: +44(0)1452 634600

Andrew Smith, Finance Director                                                       Tel: +44(0)7712 866 461

www.mearsgroup.co.uk

 

Notes for editors

 

Mears is a leading provider of services to the Housing sector, providing a range of services to individuals within their homes. We manage and maintain around 450,000 homes across the UK and work predominantly with Central Government and Local Government, typically through long-term contracts. We equally consider the residents of the homes that we manage and maintain to be our customers, and we take pride in the high levels of customer satisfaction that we achieve.

 

Mears currently employs over 5,000 people and provides services in every region of the UK. In partnership with our Housing clients, we provide property management and maintenance services. Mears has extended its activities to provide broader housing solutions to solve the challenge posed by the lack of affordable housing and to provide accommodation and support for the most vulnerable.

 

We focus on long-term outcomes for people rather than short-term solutions and invest in innovations that have a positive impact on people's quality of life and on their communities' social, economic, and environmental wellbeing. Our innovative approaches and market leading positions are intended to create value for our customers and the people they serve while also driving sustainable financial returns for our providers of capital, especially our shareholders.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
RAGBGGDLIGBDGSX