Results of Annual General Meeting
Updated : 11:15
25 March 2020
McCarthy & Stone plc (the Company)
Results of Annual General Meeting
The directors are pleased to announce that at the Company's AGM held earlier today, all resolutions put to the meeting were duly passed on a show of hands, with the exception of Resolution 4, which was withdrawn.
Resolution | VOTES FOR | % | VOTES AGAINST | % | TOTAL VOTES CAST (EXCLUDING VOTES WITHHELD) | VOTES WITHHELD | |
1 | Receive the Report and Accounts | 448,843,948 | 99.98% | 64,796 | 0.01% | 448,908,744 | 2,689,839 |
2 | Approve Directors' Remuneration Report | 444,734,327 | 98.48% | 6,839,329 | 1.51% | 451,573,656 | 24,928 |
3 | Approve Directors' Remuneration Policy | 442,670,811 | 98.54% | 6,504,844 | 1.45% | 449,175,655 | 2,435,249 |
4 | Approve final dividend of 3.5p per share | WITHDRAWN | |||||
5 | Re-elect Paul Lester | 445,405,831 | 99.16% | 3,721,625 | 0.83% | 449,127,456 | 2,471,127 |
6 | Re-elect Rowan Baker | 450,202,554 | 99.69% | 1,368,005 | 0.30% | 451,570,559 | 28,025 |
7 | Re-elect John Tonkiss | 447,032,157 | 98.98% | 4,538,401 | 1.01% | 451,570,558 | 28,025 |
8 | Re-elect Geeta Nanda | 448,657,080 | 99.35% | 2,902,205 | 0.64% | 451,559,285 | 39,298 |
9 | Re-elect Frank Nelson | 450,580,792 | 99.77% | 977,316 | 0.22% | 451,558,108 | 40,476 |
10 | Re-elect John Carter | 448,116,778 | 99.23% | 3,441,329 | 0.76% | 451,558,107 | 40,476 |
11 | Re-elect Mike Lloyd | 449,845,079 | 99.61% | 1,725,480 | 0.38% | 451,570,559 | 28,025 |
12 | Re-elect Nigel Turner | 449,846,623 | 99.61% | 1,725,436 | 0.38% | 451,572,059 | 26,525 |
13 | Re-elect Gill Barr | 450,722,132 | 99.80% | 848,462 | 0.19% | 451,570,594 | 28,025 |
14 | Re-elect Arun Nagawaney | 435,619,680 | 96.46% | 15,945,914 | 3.53% | 451,565,594 | 33,025 |
15 | Re-appoint Ernst & Young LLP as auditor | 451,542,567 | 99.98% | 42,991 | 0.01% | 451,585,558 | 13,026 |
16 | Authorise Risk & Audit Committee to determine the auditor's remuneration | 451,547,426 | 99.98% | 35,632 | 0.01% | 451,583,058 | 15,526 |
17 | Authorise the Company to make political donations and incur political expenditure | 451,478,144 | 99.97% | 104,962 | 0.02% | 451,583,106 | 15,478 |
18 | Authorise the Company to allot shares | 447,566,305 | 99.10% | 4,019,253 | 0.89% | 451,585,558 | 13,026 |
19* | Authorise the Company to disapply pre-emption rights (general authority) | 451,507,127 | 99.97% | 77,801 | 0.02% | 451,584,928 | 13,656 |
20* | Authorise the Company to disapply pre-emption rights (additional authority) | 409,801,382 | 90.74% | 41,783,545 | 9.25% | 451,584,927 | 13,656 |
21* | Authorise the Company to make market purchase of its own shares | 448,995,473 | 99.43% | 2,529,220 | 0.56% | 451,524,693 | 73,890 |
22* | Authorise a general meeting other than an AGM to be held on 14 days' notice | 444,486,500 | 98.42% | 7,099,058 | 1.57% | 451,585,558 | 13,026 |
* Resolutions 19 - 22 are special resolutions requiring 75% majority.
1. For the purposes of section 341 of the Companies Act 2006, the total votes cast amounted to 451,585,558, representing 84.03 per cent of the issued share capital.
2. A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.
In accordance with Listing Rule 9.6.2, copies of all the resolutions passed, other than ordinary business, being resolutions 19 to 22, will be submitted to and available for inspection at the National Storage Mechanism and will shortly be available to view at http://www.morningstar.co.uk/uk/NSM and on the Company's website, www.mccarthyandstonegroup.co.uk.
For further information please contact:
Scott Brooker
Deputy Company Secretary
Telephone: 07976 670155
- Ends -
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