Lookers PLC Result of AGM

Date : 05/31/2019 @ 4:03PM
Source : UK Regulatory (RNS & others)
Stock : Lookers Plc (LOOK)
Quote : 52.2  -0.7 (-1.32%) @ 10:06AM

Lookers PLC Result of AGM

Lookers (LSE:LOOK)
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6 Months : From Mar 2019 to Sep 2019

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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 
 
 
 
 
 
 
 
 

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.

END

RAGLLFIEELILVIA

(END) Dow Jones Newswires

May 31, 2019 11:03 ET (15:03 GMT)



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