Result of AGM
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.
To re-elect John Rishton
To re-elect Stephen A Carter
To re-elect Stephen Davidson
To re-elect David Flaschen
To re-elect Mary McDowell
To elect Patrick Martell
To re-elect Helen Owers
To re-elect Gill Whitehead
To re-elect Gareth Wright
To receive the Annual Report and audited financial statements of the Company for the year ended 31 December 2020
To approve the Directors' Remuneration Report
To re-appoint Deloitte LLP as auditor of the Company until the conclusion of the next general meeting at which accounts are laid
To authorise the Audit Committee, for and on behalf of the Board, to determine the Auditor's remuneration
To authorise the Company to make limited political donations and political expenditure of not more than £30,000 in aggregate
To authorise the Directors to allot shares, up to a limited amount
To authorise the Directors to allot shares, and sell treasury shares for cash, without making a pre-emptive offer to shareholders3
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
To authorise the Company to purchase its own shares3
To authorise the calling of general meetings (other than an annual general meeting) on not less than 14 clear days' notice3
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).
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.
Rupert Hopley, Group Company Secretary
Richard Menzies-Gow, Director of Investor Relations
+44 (0)20 7017 5000
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.