TIDMNXT
RNS Number : 9271Z
Next PLC
18 May 2023
Contacts: Alistair Mackinnon-Musson
Rowbell PR Tel: 020 7717 5239
Email: next@rowbellpr.com
Photographs: Photographs available at:
http://press.next.co.uk/media/company-images/campaignimages.aspx
NEXT plc ("NEXT")
Results of 2023 Annual General Meeting ("AGM")
The Board of NEXT plc is pleased to announce that at the AGM of
NEXT shareholders held on 18 May 2023 all resolutions as set out in
the Notice of Meeting contained in the Annual Report and Accounts
for the year ended 28 January 2023 were passed.
All resolutions were put to the meeting and approved on a poll
and results are detailed below.
The total number of shares on the register at 6.30 pm on 16 May
2023, being those eligible to be voted on at the AGM, was
128,448,963.
% of
shares
on
register
at
6.30pm
TOTAL VOTES 16 May Votes
For Against CAST 2023 withheld(1)
---------- --------------------- ------------------- ------------ --------- ------------
Resolution Special No. of % No. of % No. of % No.
/ Votes Votes Votes of Votes
Ordinary
---------- ------------ ------- ----------- ------ ------------ --------- ------------
1 To receive and
adopt the accounts
and reports of
the directors and
auditor Ordinary 97,308,515 99.70 294,328 0.30 97,602,843 75.99% 825,471
---------- ------------ ------- ----------- ------ ------------ --------- ------------
2 To approve the
Remuneration Policy Ordinary 82,611,467 83.99 15,751,694 16.01 98,363,161 76.58% 65,153
---------- ------------ ------- ----------- ------ ------------ --------- ------------
3 To approve the
Remuneration Report Ordinary 93,122,833 94.79 5,114,357 5.21 98,237,190 76.48% 190,866
---------- ------------ ------- ----------- ------ ------------ --------- ------------
4 To declare a
dividend of 140
pence per ordinary
share Ordinary 98,425,002 100.00 1,521 0.00 98,426,523 76.63% 1,791
---------- ------------ ------- ----------- ------ ------------ --------- ------------
5 To elect Jeremy
Stakol as a director Ordinary 97,523,831 99.08 901,559 0.92 98,425,390 76.63% 2,666
---------- ------------ ------- ----------- ------ ------------ --------- ------------
6 To re-elect Jonathan
Bewes as a director Ordinary 95,432,934 96.96 2,992,635 3.04 98,425,569 76.63% 2,487
---------- ------------ ------- ----------- ------ ------------ --------- ------------
7 To re-elect Soumen
Das as a director Ordinary 94,381,546 96.64 3,279,642 3.36 97,661,188 76.03% 766,868
---------- ------------ ------- ----------- ------ ------------ --------- ------------
8 To re-elect Tom
Hall as a director Ordinary 94,235,612 95.74 4,189,550 4.26 98,425,162 76.63% 2,894
---------- ------------ ------- ----------- ------ ------------ --------- ------------
9 To re-elect Tristia
Harrison as a director Ordinary 95,433,876 96.96 2,991,593 3.04 98,425,469 76.63% 2,587
---------- ------------ ------- ----------- ------ ------------ --------- ------------
10 To re-elect
Amanda James as
a director Ordinary 96,508,611 98.05 1,916,631 1.95 98,425,242 76.63% 2,814
---------- ------------ ------- ----------- ------ ------------ --------- ------------
11 To re-elect
Richard Papp as
a director Ordinary 97,495,188 99.05 930,302 0.95 98,425,490 76.63% 2,566
---------- ------------ ------- ----------- ------ ------------ --------- ------------
12 To re-elect
Michael Roney as
a director Ordinary 76,017,378 79.16 20,017,262 20.84 96,034,640 74.76% 2,393,416
---------- ------------ ------- ----------- ------ ------------ --------- ------------
13 To re-elect
Jane Shields as
a director Ordinary 97,497,414 99.06 927,418 0.94 98,424,832 76.63% 3,224
---------- ------------ ------- ----------- ------ ------------ --------- ------------
14 To re-elect
Dame Dianne Thompson
as a director Ordinary 95,422,066 96.95 3,002,478 3.05 98,424,544 76.63% 2,997
---------- ------------ ------- ----------- ------ ------------ --------- ------------
15 To re-elect
Lord Wolfson as
a director Ordinary 97,640,359 99.20 785,605 0.80 98,425,964 76.63% 2,092
---------- ------------ ------- ----------- ------ ------------ --------- ------------
16 To re-appoint
PricewaterhouseCoopers
LLP as auditor Ordinary 97,329,313 98.89 1,095,668 1.11 98,424,981 76.63% 3,333
---------- ------------ ------- ----------- ------ ------------ --------- ------------
17 To authorise
the Audit Committee
to set the auditor's
remuneration Ordinary 98,411,400 99.99 14,163 0.01 98,425,563 76.63% 2,751
---------- ------------ ------- ----------- ------ ------------ --------- ------------
18 Directors' authority
to allot shares Ordinary 95,502,438 97.03 2,921,758 2.97 98,424,196 76.63% 3,859
---------- ------------ ------- ----------- ------ ------------ --------- ------------
19 General authority
to disapply
pre-emption
rights Special 92,234,215 93.71 6,189,365 6.29 98,423,580 76.62% 4,475
---------- ------------ ------- ----------- ------ ------------ --------- ------------
20 Additional authority
to disapply
pre-emption
rights Special 90,556,247 92.19 7,675,143 7.81 98,231,390 76.48% 196,665
---------- ------------ ------- ----------- ------ ------------ --------- ------------
21 Authority for
on-market purchase
of own shares Special 94,356,973 95.89 4,046,989 4.11 98,403,962 76.61% 24,352
---------- ------------ ------- ----------- ------ ------------ --------- ------------
22 Authority for
off-market purchases
of own shares 97,219,589 98.80 1,184,666 1.20 98,404,255 76.61% 24,059
Less votes disregarded
under the provisions
of the Companies
Act 2006 Special (3,000,000) (3,000,000)
Resolution 22 total(2) 94,219,589 98.76 1,184,666 1.24 95,404,255 74.27% 24,059
------------ ------- ----------- ------ ------------ --------- ------------
23 Notice period
of general meetings Special 93,863,314 95.37 4,561,488 4.63 98,424,802 76.63% 3,512
---------- ------------ ------- ----------- ------ ------------ --------- ------------
Resolution 12
Whilst Resolution 12, to re-elect Michael Roney, was passed with
a clear majority, the Board recognises that there was also a
significant vote against this resolution. The Board will seek to
engage with those shareholders who voted against this resolution.
In accordance with the UK Corporate Governance Code, an update on
the views received from shareholders and details of any actions
taken by the Company will be published no later than 18 November
2023 by way of Stock Exchange Announcement. A summary will also be
published in the 2024 Annual Report and Accounts.
In accordance with LR 9.6.2 and 9.2.6ER(1), a copy of
resolutions passed as special business will be submitted as soon as
practicable to the National Storage Mechanism and will be available
shortly for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
Note(1) : The 'Vote Withheld' option is provided to enable the
shareholder to abstain on any resolution. It is not a vote in law
and is not counted in the calculation of the proportion of votes
for and against a resolution.
Note(2) : The total maximum number of Ordinary Shares which may
be purchased by NEXT for cancellation pursuant to such contingent
purchase contracts is 3.0 million. NEXT has disregarded 3.0 million
votes from both the total number of votes cast in favour of the
resolution and the total votes cast so that the voting of those
shares did not affect the result of the poll.
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