TIDMBKG
RNS Number : 4736Y
Berkeley Group Holdings (The) PLC
06 September 2022
6 September 2022
The Berkeley Group Holdings plc
(the "Company")
2022 Annual General Meeting ("AGM")
Results of AGM, Return of Cash and Share Consolidation
Shareholders are informed that the results of the poll on the
resolutions put before the AGM of the Company held on 6 September
2022 are:
Resolution Votes % Votes AGAINST % Total Votes % of ISC Withheld
FOR(1) Validly Voted Votes(2)
Cast (excluding
withheld)
1 77,696,032 100.00% 467 0.00% 77,696,499 71.19% 1,771,935
----------- -------- -------------- ------- ----------------- --------- -----------
2 73,246,762 92.25% 6,156,568 7.75% 79,403,330 72.75% 65,103
----------- -------- -------------- ------- ----------------- --------- -----------
3 41,541,682 60.26% 27,398,989 39.74% 68,940,671 63.17% 10,552,281
----------- -------- -------------- ------- ----------------- --------- -----------
4 56,470,986 71.33% 22,697,068 28.67% 79,168,054 72.54% 324,898
----------- -------- -------------- ------- ----------------- --------- -----------
5 43,245,003 61.41% 27,174,538 38.59% 70,419,541 64.52% 9,073,411
----------- -------- -------------- ------- ----------------- --------- -----------
6 79,381,242 99.86% 109,667 0.14% 79,490,909 72.83% 2,044
----------- -------- -------------- ------- ----------------- --------- -----------
7 78,615,111 98.90% 875,798 1.10% 79,490,909 72.83% 2,044
----------- -------- -------------- ------- ----------------- --------- -----------
8 79,347,230 99.82% 143,801 0.18% 79,491,031 72.83% 1,922
----------- -------- -------------- ------- ----------------- --------- -----------
9 78,691,729 98.99% 799,302 1.01% 79,491,031 72.83% 1,922
----------- -------- -------------- ------- ----------------- --------- -----------
10 79,003,053 99.42% 463,199 0.58% 79,466,252 72.81% 2,182
----------- -------- -------------- ------- ----------------- --------- -----------
11 77,942,735 98.08% 1,523,517 1.92% 79,466,252 72.81% 2,182
----------- -------- -------------- ------- ----------------- --------- -----------
12 76,399,138 96.14% 3,066,722 3.86% 79,465,860 72.81% 2,574
----------- -------- -------------- ------- ----------------- --------- -----------
13 79,456,682 99.99% 9,570 0.01% 79,466,252 72.81% 2,044
----------- -------- -------------- ------- ----------------- --------- -----------
14 78,344,946 98.59% 1,121,443 1.41% 79,466,389 72.81% 2,045
----------- -------- -------------- ------- ----------------- --------- -----------
15 79,453,154 99.98% 12,798 0.02% 79,465,952 72.81% 2,482
----------- -------- -------------- ------- ----------------- --------- -----------
16 79,453,098 99.98% 13,154 0.02% 79,466,252 72.81% 2,182
----------- -------- -------------- ------- ----------------- --------- -----------
17 79,456,070 99.99% 10,320 0.01% 79,466,390 72.81% 2,044
----------- -------- -------------- ------- ----------------- --------- -----------
18 79,313,416 99.81% 152,444 0.19% 79,465,860 72.81% 2,574
----------- -------- -------------- ------- ----------------- --------- -----------
19 79,269,807 99.75% 196,583 0.25% 79,466,390 72.81% 2,044
----------- -------- -------------- ------- ----------------- --------- -----------
20 79,295,112 99.75% 195,797 0.25% 79,490,909 72.83% 2,044
----------- -------- -------------- ------- ----------------- --------- -----------
21 79,326,924 99.79% 164,721 0.21% 79,491,645 72.84% 1,308
----------- -------- -------------- ------- ----------------- --------- -----------
22 79,468,984 99.97% 20,835 0.03% 79,489,819 72.83% 3,134
----------- -------- -------------- ------- ----------------- --------- -----------
23 72,390,893 91.07% 7,100,540 8.93% 79,491,433 72.83% 1,520
----------- -------- -------------- ------- ----------------- --------- -----------
24* 79,026,588 99.86% 107,149 0.14% 79,133,737 72.51% 359,216
----------- -------- -------------- ------- ----------------- --------- -----------
25* 74,966,547 94.73% 4,167,011 5.27% 79,133,558 72.51% 359,395
----------- -------- -------------- ------- ----------------- --------- -----------
26* 79,387,844 99.93% 52,227 0.07% 79,440,071 72.79% 52,882
----------- -------- -------------- ------- ----------------- --------- -----------
27 75,215,445 94.62% 4,276,495 5.38% 79,491,940 72.84% 1,013
----------- -------- -------------- ------- ----------------- --------- -----------
28* 70,902,784 89.20% 8,588,955 10.80% 79,491,739 72.84% 1,214
----------- -------- -------------- ------- ----------------- --------- -----------
Notes:
*Special resolution
1. The Company has considered the reasons for the results of
today's meeting, reflected in the voting outcomes for the
resolutions regarding the new Remuneration Policy (resolution 3),
the Restricted Share Plan (resolution 4) and the Long-Term Option
Plan (resolution 5).
2. In formulating the new Remuneration Policy, the Remuneration
Committee has sought to develop a remuneration structure that
aligns with the unique operating model and inherent long-term focus
of the business. Prior to the AGM, the Remuneration Committee of
the Company undertook a detailed and extensive consultation with
shareholders regarding remuneration for FY23 onwards to gain an
understanding of their views. The Company gained positive feedback
and support during the consultation from a range of shareholders,
both UK and overseas, and we appreciate their ongoing engagement
and support. The Remuneration Committee recognises that developing
a new remuneration approach that meets the needs of all
shareholders is difficult, but is of the view that the new
Remuneration Policy, which includes introduction of ESG priorities
into the incentive framework, normalisation of pension
contributions and increased shareholding requirements represents
further alignment with shareholders.
3. Following our extensive pre-AGM shareholder discussions, it
was evident that some shareholders expressed particular
reservations about certain areas of the policy, including the
Change of Control provisions. In light of this, the Remuneration
Committee determined that the Change of Control provisions would be
amended reflecting this shareholder feedback. The Remuneration
Committee is grateful for this engagement and we will continue to
consult with shareholders and proxy advisers and will consider the
full range of feedback as we implement the Company's new
Remuneration Policy.
3. The votes "for" include those votes giving discretion to the Chairman.
4. A vote withheld is not a vote in law and is not counted in
the calculation of the votes for or against a resolution.
5. The number of Existing Ordinary Shares in issue at close of
business on 2 September 2022 was 118,373,503 (excluding shares held
in Treasury).
6. Copies of the resolutions passed will shortly be available
for inspection on the National Storage Mechanism at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism . The full
text of the resolutions can be found in the 2021 AGM Notice which
can be located in the Investor Information section of the Company's
website at the following location: www.berkeleygroup.co.uk
/investor-information .
For further information please contact:
Ann Dibben Tel: 01932 868 555
Company Secretary
The Berkeley Group Holdings plc
Novella Communications Tel: 020 3151 7008
Tim Robertson
LEI: 2138009OQSSLVVHQAL78
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END
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