TIDMHSV
RNS Number : 0433G
Homeserve Plc
19 July 2019
HOMESERVE PLC
RESULTS OF ANNUAL GENERAL MEETING
LONDON - 19 July 2019 - HomeServe plc ("HomeServe", "the
Company"), the international home repairs and improvements
business, announces that all items of business were duly passed on
a show of hands at the Annual General Meeting held on Friday 19
July 2019.
In accordance with 9.6.2 (R) of the Listing Rules, a copy of the
resolutions passed will be submitted to the National Storage
Mechanism and will be available for inspection.
Proxy votes were as follows.
Resolution For Percentage Against Percentage Withheld
of Votes of Votes
Cast Cast
1 Annual Report & Accounts 271,512,703 99.96 30,498 0.01 810,472
------------ ----------- ----------- ----------- ----------
2 Remuneration Report 182,688,926 69.29 80,889,568 30.68 8,772,877
------------ ----------- ----------- ----------- ----------
3 Dividend 272,353,326 99.97 19 0.00 329
------------ ----------- ----------- ----------- ----------
4 Re-elect J M B Gibson 256,598,350 94.19 15,746,889 5.78 7,246
------------ ----------- ----------- ----------- ----------
5 Re-elect R Harpin 271,917,507 99.81 455,033 0.17 1,134
------------ ----------- ----------- ----------- ----------
6 Re-elect D Bower 271,882,198 99.80 464,977 0.17 6,498
------------ ----------- ----------- ----------- ----------
7 Re-elect T Rusin 271,883,855 99.80 462,392 0.17 6,239
------------ ----------- ----------- ----------- ----------
8 Re-elect K Cliffe 264,972,733 97.27 7,373,629 2.71 7,311
------------ ----------- ----------- ----------- ----------
9 Re-elect S David 271,659,530 99.72 685,645 0.25 7,311
------------ ----------- ----------- ----------- ----------
10 Re-elect E Fitzmaurice 271,662,413 99.72 683,758 0.25 6,315
------------ ----------- ----------- ----------- ----------
11 Re-elect R McMillan 271,171,190 99.54 1,174,060 0.43 7,533
------------ ----------- ----------- ----------- ----------
12 Elect O Grémillon 271,919,159 99.82 422,321 0.16 11,006
------------ ----------- ----------- ----------- ----------
13 Re-appoint Auditor 258,330,134 94.83 13,999,419 5.14 24,120
------------ ----------- ----------- ----------- ----------
14 Auditor's Remuneration 269,218,571 98.82 3,133,334 1.15 1,768
------------ ----------- ----------- ----------- ----------
15 Authority to allot
shares 243,613,354 89.42 28,739,492 10.55 827
------------ ----------- ----------- ----------- ----------
16 Pre-emption rights 258,737,769 96.88 8,256,069 3.09 5,358,535
------------ ----------- ----------- ----------- ----------
17 Additional pre-emption
rights 243,712,503 91.25 23,280,116 8.72 5,359,531
------------ ----------- ----------- ----------- ----------
18 Purchase of own shares 270,207,853 99.33 1,748,389 0.64 397,431
------------ ----------- ----------- ----------- ----------
19 Notice of general
meetings 266,871,570 97.96 5,480,884 2.01 329
------------ ----------- ----------- ----------- ----------
The number of shares in respect of which proxies were received
was approximately 300m. The number of shares in issue was
334,597,481.
In relation to Resolution 2, the Board welcomes the support it
received for the Remuneration Report from a substantial majority of
shareholders. However, it recognises that a proportion of
shareholders opposed the resolution.
HomeServe is aware that Institutional Shareholder Services (ISS)
recommended voting against the Remuneration Report (Resolution 2)
due to concerns around the payments made in respect of the exit
during the year of former plc directors Martin Bennett and
Johnathan Ford. HomeServe acknowledges that their departures were
announced in advance of their respective exit dates (and therefore
before the start of their notice periods) but considers that the
action taken helped facilitate an orderly handover of
responsibilities. The termination payments made were in accordance
with HomeServe's remuneration policy.
HomeServe's Remuneration Committee acknowledges the feedback
received from shareholders. Feedback will be actively considered
when the remuneration policy is reviewed in preparation for the
2020 AGM, when the policy will be submitted to shareholders for
approval as required under the triennial review process.
In line with HomeServe's commitment to maintaining an open and
transparent dialogue with shareholders, the Company will consult
with its major shareholders during FY20 to benefit from their input
to the review of the remuneration policy and take account of
concerns raised around the FY19 Remuneration Report. In accordance
with the UK Corporate Governance Code, HomeServe will publish an
update on this engagement within six months of the 2019 AGM.
Media enquiries: Tulchan HomeServe Investor Relations
Group
Martin Robinson Miriam McKay - Group Communications
Lisa Jarrett-Kerr and IR Director
homeserve@tulchangroup.com miriam.mckay@homeserve.com
+44 207 353 4200 +44 7795 062564
Simon Lewis - Head of Investor Relations
simon.lewis@homeserve.com
+44 7970 840694
About HomeServe
HomeServe is an international home repairs and improvements
business which provides people with access to tradespeople and
technology to make home repairs and improvements easy. HomeServe is
listed on the London Stock Exchange, with a market capitalisation
of GBP3.9 billion.
ENDS
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END
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