TIDMHSBA
RNS Number : 9313J
HSBC Holdings PLC
29 April 2022
29 April 2022
HSBC Holdings plc
Poll results of 2022 Annual General Meeting
and
Changes to Board and Committee Composition
1. Poll Results
Following its Annual General Meeting ("AGM") held today, HSBC
Holdings plc (the "Company") announces the results of the poll vote
for each of the resolutions set out in the Notice of AGM.
Resolutions 1 to 8, 11, 14 and 16 were passed as ordinary
resolutions and resolutions 9, 10, 12, 13, 15, 17(a) and 18 were
passed as special resolutions.
In line with the Board's recommendation, resolution 19 was not
passed.
As disclosed in the announcement dated 20 April 2022, resolution
17(b) was withdrawn from the agenda of the AGM.
The following table shows the votes cast on each resolution:
VOTES % OF VOTES % OF VOTES % OF VOTES
FOR VOTES AGAINST VOTES TOTAL ISC VOTED* WITHHELD
CAST CAST
1. To receive the
Annual Report and
Accounts 2021 7,882,455,636 98.66 107,396,923 1.34 7,989,852,559 39.70% 26,708,614
-------------- ------- -------------- ------- -------------- ------------ -----------
2. To approve the
Directors' Remuneration
Report 7,675,588,519 95.83 334,152,471 4.17 8,009,740,990 39.80% 6,830,718
-------------- ------- -------------- ------- -------------- ------------ -----------
3. To approve the
Directors' Remuneration
Policy 7,666,488,029 95.73 342,320,697 4.27 8,008,808,726 39.80% 7,773,468
-------------- ------- -------------- ------- -------------- ------------ -----------
4. (a) To elect
Rachel Duan
as a Director 7,905,275,435 98.66 107,573,372 1.34 8,012,848,807 39.82% 3,728,636
-------------- ------- -------------- ------- -------------- ------------ -----------
4. (b) To elect
Dame Carolyn Fairbairn
as a Director 7,942,369,302 99.12 70,501,174 0.88 8,012,870,476 39.82% 3,719,825
-------------- ------- -------------- ------- -------------- ------------ -----------
4.(c) To re-elect
James Forese as
a Director 7,671,440,640 95.74 341,486,529 4.26 8,012,927,169 39.82% 3,641,985
-------------- ------- -------------- ------- -------------- ------------ -----------
4.(d) To re-elect
Steven Guggenheimer
as a Director 7,722,520,006 96.38 290,318,879 3.62 8,012,838,885 39.82% 3,675,823
-------------- ------- -------------- ------- -------------- ------------ -----------
4.(e) To re-elect
Dr José Antonio
Meade Kuribreña
as a Director 7,668,711,808 95.70 344,203,905 4.30 8,012,915,713 39.82% 3,597,463
-------------- ------- -------------- ------- -------------- ------------ -----------
4.(f) To re-elect
Eileen Murray as
a Director 7,751,490,480 97.22 221,470,339 2.78 7,972,960,819 39.62% 43,552,357
-------------- ------- -------------- ------- -------------- ------------ -----------
4.(g) To re-elect
David Nish as a
Director 7,710,592,560 96.23 302,340,367 3.77 8,012,932,927 39.82% 3,588,004
-------------- ------- -------------- ------- -------------- ------------ -----------
4.(h) To re-elect
Noel Quinn as a
Director 7,992,951,746 99.75 20,081,970 0.25 8,013,033,716 39.82% 3,478,998
-------------- ------- -------------- ------- -------------- ------------ -----------
4.(i) To re-elect
Ewen Stevenson
as a Director 7,988,807,690 99.70 24,150,230 0.30 8,012,957,920 39.82% 3,555,256
-------------- ------- -------------- ------- -------------- ------------ -----------
4.(j) To re-elect
Jackson Tai
as a Director 7,717,859,471 96.34 293,569,439 3.66 8,011,428,910 39.81% 3,632,781
-------------- ------- -------------- ------- -------------- ------------ -----------
4.(k) To re-elect
Mark E Tucker as
a Director 7,373,134,392 92.48 599,675,538 7.52 7,972,809,930 39.62% 43,698,815
-------------- ------- -------------- ------- -------------- ------------ -----------
5. To re-appoint
PricewaterhouseCoopers
LLP as Auditor
of the Company 7,917,427,995 98.81 95,645,836 1.19 8,013,073,831 39.82% 3,415,717
-------------- ------- -------------- ------- -------------- ------------ -----------
6. To authorise
the Group Audit
Committee to determine
the remuneration
of the Auditor 7,997,149,596 99.80 15,998,976 0.20 8,013,148,572 39.82% 3,362,313
-------------- ------- -------------- ------- -------------- ------------ -----------
7. To authorise
the Company to
make political
donations 7,723,573,072 97.34 210,921,142 2.66 7,934,494,214 39.43% 81,954,059
-------------- ------- -------------- ------- -------------- ------------ -----------
8. To authorise
the Directors to
allot shares 7,502,224,961 93.63 510,829,491 6.37 8,013,054,452 39.82% 3,455,387
-------------- ------- -------------- ------- -------------- ------------ -----------
9. To disapply
pre-emption rights
(special resolution) 7,802,359,557 97.39 208,770,187 2.61 8,011,129,744 39.81% 5,380,568
-------------- ------- -------------- ------- -------------- ------------ -----------
10. To further
disapply pre-emption
rights for acquisitions
(special resolution) 7,605,699,914 94.94 405,556,313 5.06 8,011,256,227 39.81% 5,233,399
-------------- ------- -------------- ------- -------------- ------------ -----------
11. To authorise
the Directors to
allot any repurchased
shares 7,812,354,327 97.52 199,042,589 2.48 8,011,396,916 39.81% 5,087,264
-------------- ------- -------------- ------- -------------- ------------ -----------
12. To authorise
the Company to
purchase its own
ordinary shares
(special resolution) 7,894,160,832 98.53 117,904,263 1.47 8,012,065,095 39.81% 4,423,531
-------------- ------- -------------- ------- -------------- ------------ -----------
13. To approve
the form of share
repurchase contract
(special resolution) 7,896,332,043 98.56 115,127,370 1.44 8,011,459,413 39.81% 5,026,977
-------------- ------- -------------- ------- -------------- ------------ -----------
14. To authorise
the Directors to
allot equity securities
in relation to
Contingent Convertible
Securities 7,736,470,390 96.56 275,594,821 3.44 8,012,065,211 39.81% 4,421,106
-------------- ------- -------------- ------- -------------- ------------ -----------
15. To disapply
pre-emption rights
in relation to
the issue of Contingent
Convertible Securities
(special resolution) 7,627,990,264 95.21 383,541,425 4.79 8,011,531,689 39.81% 4,958,782
-------------- ------- -------------- ------- -------------- ------------ -----------
16. To authorise
the Directors to
offer a scrip dividend
alternative 8,005,307,775 99.91 7,557,046 0.09 8,012,864,821 39.82% 3,614,412
-------------- ------- -------------- ------- -------------- ------------ -----------
17. (a) To approve
amendments to the
Articles of Association
(special resolution) 7,991,488,755 99.78 17,526,174 0.22 8,009,014,929 39.80% 7,475,461
-------------- ------- -------------- ------- -------------- ------------ -----------
17. (b) To insert RESOLUTION WITHDRAWN
new Article 171
into the Articles
of Association
(special resolution)
-------------------------------------------------------------------------------------------
18. To call general
meetings (other
than an AGM) on
14 clear days'
notice (special
resolution) 7,278,132,064 90.83 734,685,946 9.17 8,012,818,010 39.82% 3,667,108
-------------- ------- -------------- ------- -------------- ------------ -----------
19. Shareholder
requisitioned
resolution:
Midland Bank defined
benefit pension
scheme (special
resolution) 477,024,768 5.97 7,519,988,627 94.03 7,997,013,395 39.74% 19,456,579
-------------- ------- -------------- ------- -------------- ------------ -----------
* based on total issued share capital (the "ISC") (excluding
325,273,407 ordinary shares held in treasury) as at 12.01am (London
time) on Thursday 28 April 2022.
2. Board and Committee Changes
Irene Lee and Pauline van der Meer Mohr retired from the Board
at the conclusion of the AGM. For the purposes of section 430(2B)
of the Companies Act 2006, they will each receive their pro-rata
entitlement to non-executive director fees for the month of April
2022 and are not entitled to any payments for loss of office.
The following changes to the Committee structure took effect
from the conclusion of the AGM:
-- Irene Lee and Pauline van der Meer Mohr stepped down from the
Committees of which they were members following their retirement
from the Board; and
-- Dame Carolyn Fairbairn succeeded Pauline van der Meer Mohr as
Chair of the Group Remuneration Committee.
Accordingly, at the conclusion of the 2022 AGM, the composition
of the principal Board Committees will be as follows:
Group Audit Committee Group Risk Committee Group Remuneration Nomination & Corporate
Committee Governance Committee
(1)
David Nish (Chair) Jackson Tai (Chair) Dame Carolyn Mark Tucker (Chair)
James Forese Dame Carolyn Fairbairn (Chair) Rachel Duan
Jackson Tai Fairbairn Rachel Duan Dame Carolyn Fairbairn
Steven Guggenheimer James Forese James Forese
Dr José Dr José Steven Guggenheimer
Antonio Meade Antonio Meade Dr José Antonio
Kuribreña Kuribreña Meade Kuribreña
Eileen Murray Eileen Murray
David Nish David Nish
Jackson Tai
--------------------- ------------------- ------------------------
(1) As disclosed in the announcement dated 20 April 2022,
Geraldine Buckingham will be joining the Board on 1 May 2022. Upon
appointment she will become a member of the Nomination &
Corporate Governance Committee.
3. Other
-- Computershare Investor Services PLC, the Company's Share
Registrar, acted as scrutineer of the poll on all resolutions.
-- A copy of the resolutions passed at the AGM (other than
resolutions concerning ordinary business) has been submitted to the
UK Financial Conduct Authority for publication, and will shortly be
available for inspection via the National Storage Mechanism which
is located at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
-- As at 12.01am (London time) on Thursday 28 April 2022, the
total number of issued ordinary shares of US$0.50 each entitling
the holders to attend and vote on all the resolutions at the AGM
was 20,124,647,248, which excludes 325,273,407 ordinary shares held
in treasury. A 'vote withheld' is not a vote in law and is
therefore not counted in the calculation of the proportion of the
votes 'for' and 'against' a resolution.
-- In accordance with Rule 13.39(5A) of the Hong Kong Listing
Rules all Directors attended the AGM.
-- In accordance with Rule 13.40 of the Hong Kong Listing Rules
there were no shares entitling the holder to attend and abstain
from voting in favour of any of the resolutions. No shareholder was
required under the Hong Kong Listing Rules to abstain from voting.
As stated in the Notice of AGM for 2022, the Directors did not vote
on resolution 3 due to their interest in the 2022 Directors'
Remuneration Policy.
As at the time of this announcement, the following are Directors
of the Company: Mark Tucker(*) , Noel Quinn , Rachel Duan , Carolyn
Julie Fairbairn , James Anthony Forese , Steven Guggenheimer , José
Antonio Meade Kuribreña , Eileen K Murray , David Nish , Ewen
Stevenson and Jackson Tai .
* Non-executive Group Chairman
Independent non-executive Director
For and on behalf of
HSBC Holdings plc
Aileen Taylor
Group Company Secretary and Chief Governance Officer
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END
RAGMZGZDDLNGZZM
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