TIDMLOOK
RNS Number : 8167A
Lookers PLC
31 May 2019
31 May 2019
Lookers plc
(the "Company")
Result of Annual General Meeting
The Company is pleased to announce that at the Annual General
Meeting held today, Friday 31(st) May 2019, the Resolutions as set
out in the Notice of Meeting were passed.
For information, details of the proxy votes received in respect
of the Resolutions are set out below:
Resolution For % Against % Votes withheld
1. Financial Statements 308,350,356 100 0 0 189,804
------------ ------ ------------ ------ ---------------
2. Directors' Remuneration
Report 206,812,484 67.03 101,727,675 32.97 0
------------ ------ ------------ ------ ---------------
3. Final Dividend 308,539,210 99.99 950 0.01 0
------------ ------ ------------ ------ ---------------
4. Re-elect Andy Bruce 307,119,932 99.54 1,420,228 0.46 0
------------ ------ ------------ ------ ---------------
5. Re-elect Robin
Gregson 306,864,285 99.46 1,675,875 0.54 0
------------ ------ ------------ ------ ---------------
6. Re-elect Nigel
McMinn 307,119,982 99.54 1,420,178 0.46 0
------------ ------ ------------ ------ ---------------
7. Re-elect Tony Bramall 306,867,584 99.46 1,672,576 0.54 0
------------ ------ ------------ ------ ---------------
8. Re-elect Phil White 281,141,884 91.12 27,398,276 8.88 0
------------ ------ ------------ ------ ---------------
9. Re-elect Richard
Walker 298,444,038 96.73 10,096,122 3.27 0
------------ ------ ------------ ------ ---------------
10. Re-elect Sally
Cabrini 298,218,437 96.65 10,321,723 3.35 0
------------ ------ ------------ ------ ---------------
11. Re-elect Stuart
Counsell 297,018,766 96.31 11,380,975 3.69 140,419
------------ ------ ------------ ------ ---------------
12. Re-appoint Auditor 250,449,778 81.17 58,090,382 18.83 0
------------ ------ ------------ ------ ---------------
13. Remuneration of
Auditors 308,536,624 99.99 950 0.01 2,586
------------ ------ ------------ ------ ---------------
14. Authority to Allot 307,494,032 99.66 1,043,542 0.34 2,586
------------ ------ ------------ ------ ---------------
15. *Disapplication
of Pre-emption Rights 308,513,255 99.98 13,586 0.01 0
------------ ------ ------------ ------ ---------------
16. *Disapplication
of Pre-emption Rights
for Acquisitions and
Capital Investments 308,513,255 99.98 13,586 0.01 0
------------ ------ ------------ ------ ---------------
17. *Authority to
Purchase Own Shares 308,162,447 99.98 20,144 0.01 344,250
------------ ------ ------------ ------ ---------------
18. *General Meetings
on 14 clear days'
notice 306,373,697 99.3 2,166,413 0.7 50
------------ ------ ------------ ------ ---------------
* Special Resolution
We have engaged with a large number of our major shareholders
over the course of the year and in recent weeks and would like to
thank them for giving us the opportunity to speak to them ahead of
our AGM. We are disappointed that a number of shareholders who
voted in favour of our remuneration policy in 2017 have not
supported the advisory vote on the Remuneration Report at this
year's AGM.
The Board believed that it was necessary to increase the CEO's
base salary to ensure that remuneration remains competitive
relative to the market, especially in the current uncertain
economic environment. Notwithstanding this, the Remuneration
Committee notes the concerns raised by shareholders, and will
reflect on the feedback when its puts a new policy to shareholders
at the 2020 AGM.
Notes:
i. Where shareholders appointed the Chairman as their proxy with
discretion as to voting, their votes were cast in favour of the
resolution and their shares have been included within the votes
'FOR' column.
ii. A vote 'WITHHELD' is not a vote in law and is not counted in
the calculation of percentages of the votes cast against a
resolution.
iii. Prior to the meeting there were 389,077,822 ordinary shares of 5 pence each in issue.
In accordance with the Company's obligations under Listing Rule
9.6.2, full details of the resolutions passed as special business
will be submitted to the National Storage Mechanism and will
shortly be available for viewing at
www.morningstar.co.uk/uk/nsm.
For further information, please contact
Lookers Tel: 0161 291 0043
Andy Bruce, Chief Executive Officer
Robin Gregson, Chief Financial Officer
Glenda MacGeekie, Company Secretary
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END
RAGLLFIEELILVIA
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