Result of AGM
("Chesnara" or "the Company")
18 May 2021
LEI Number: 213800VFRMBRTSZ3SJ06
RESULT OF THE CHESNARA PLC 2021 ANNUAL GENERAL MEETING
Chesnara plc announces that the resolutions proposed at its Annual General Meeting held on 18 May 2021 were passed by a show of hands. For information, the results of the AGM, which includes the total number of votes received for each resolution, are set out below. The Company's issued share capital on 18 May 2021 consisted of 150,077,806 ordinary 5p shares and the number of voting rights was also 150,077,806 ordinary 5p shares (as there were no treasury shares).
No. of votes 'for' & 'discretionary'
Total No. of votes cast
To receive and adopt the report and accounts for the year ended 31 December 2020
To approve the Directors' Remuneration Report
To declare a final dividend of 14.29p per ordinary share
To re-elect Mr Deane as a director
To re-elect Mr Rimmington as a director
To re-elect Ms Dale as a director
To re-elect Mr Savage as a director
To re-elect Mrs Oak as a director
To re-elect Mr Hesketh as a director
To elect Mr Eamonn Flanagan as a director
To re-appoint Deloitte LLP as auditor
To authorise the directors to determine the auditor's remuneration
To provide limited authority to make political donations and to incur political expenditure
To authorise the directors to allot securities up to a specified amount
Special resolution - to give the directors power to allot securities for cash without making an offer to shareholders (rights issue or open offer)
Special resolution - to give the directors power to allot securities for cash without making an offer to shareholders (financing or refinancing an acquisition)
Special resolution - to give the Company limited authority to purchase its own shares
Special resolution - to allow the Company to call general meetings on not less than 14 clear working days' notice
*Votes 'withheld' have not been included in the calculation of whether the resolution is carried. Percentages have been rounded to two decimal places.
The full text of the resolutions can be found in the Notice of the Meeting set out in the Financial Statements for the year ended 31 December 2020, copies of which are available on the Company's website, www.chesnara.co.uk. In accordance with Listing Rule 9.6.3, full details of the resolutions passed as special business will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
For further information, please contact:
Director, Capital Markets
Forward thinking communications
T - 020 7280 0651
Notes to Editors
Chesnara is a life and pensions company listed on the London Stock Exchange. It administers over one million policies and operates as Countrywide Assured in the UK, as The Waard Group and Scildon in the Netherlands, and as Movestic in Sweden.
Following a three pillar strategy, Chesnara's primary responsibility is the efficient administration of its customers' life and savings policies, ensuring good customer outcomes and providing a secure and compliant environment to protect policyholder interests. It also adds value by writing profitable new business in Sweden and the Netherlands and by undertaking value-adding acquisitions of either companies or portfolios.
Consistent delivery of the Company strategy has enabled Chesnara to increase its dividend for 16 years in succession.
Further details are available on the Company's website (www.chesnara.co.uk).