LSL Property Services Result of AGM (6441X)
April 30 2019 - 12:44PM
UK Regulatory
TIDMLSL
RNS Number : 6441X
LSL Property Services
30 April 2019
LSL Property Services plc
Results of Annual General Meeting
At the Annual General Meeting of LSL Property Services plc held
at 3.30pm today, all resolutions set out in the Notice of the
Meeting were passed by shareholders. Details of the votes cast are
set out below.
90,867,906 proxy votes were received representing 87.24% of the
issued share capital.
The following table gives details of the proxy votes lodged with
LSL's Registrar:
Resolution Total Votes Total Votes Total Votes
For/Discretion Against Withheld
(%)* (%)
1. To receive, consider and
adopt LSL's Annual Accounts
for the year ended 31(st)
December 2018, together with
the Directors' Report and
Auditors' Report on those
accounts 90,853,579 10,016 4,309
(99.99) (0.01)
---------------- ------------ ------------
2. To approve the Directors'
Remuneration Report contained
within LSL's Annual Report
and Accounts 2018 for the
year ended 31(st) December
2018 90,570,041 11,945 285,918
(99.99) (0.01)
---------------- ------------ ------------
3. To approve the proposed
final dividend of 6.9 pence
per share in respect of the
year ended 31(st) December
2018 90,867,906 0 0
(100) (0.00)
---------------- ------------ ------------
4. To re-elect Helen Buck
as a director 90,865,128 2,778 0
(99.99) (0.01)
---------------- ------------ ------------
5. To re-elect Adam Castleton
as a director 90,848,668 19,238 0
(99.98) (0.02)
---------------- ------------ ------------
6. To re-elect Ian Crabb as
a director 90,862,997 4,909 0
(99.99) (0.01)
---------------- ------------ ------------
7. To re-elect Simon Embley
as a director 89,714,911 1,152,994 0
(98.73) (1.27)
---------------- ------------ ------------
8. To elect Darrell Evans
as a director 90,862,830 5,076 0
(99.99) (0.01)
---------------- ------------ ------------
9. To re-elect Bill Shannon
as director 89,581,281 1,286,624 0
(98.58) (1.42)
---------------- ------------ ------------
10. To re-elect David Stewart
as a director 89,596,769 1,271,137 0
(98.60) (1.40)
---------------- ------------ ------------
11. To re-appoint Ernst &
Young LLP as auditor of LSL 90,574,370 293,535 0
(99.68) (0.32)
12. To authorise the directors
to determine the auditor's
remuneration 90,867,741 165 0
(99.99) (0.01)
----------- ----------- ------
13. To authorise the directors
to allot shares 89,957,083 910,823 0
(99.00) (1.00)
----------- ----------- ------
14. To disapply pre-emption
rights 81,022,799 9,845,107 0
(Special Resolution) (89.17) (10.83)
----------- ----------- ------
15. To disapply pre-emption
rights - acquisitions (Special
Resolution) 72,011,516 18,856,389 0
(79.25) (20.75)
----------- ----------- ------
16. To authorise LSL to purchase
its own Ordinary Shares (Special
Resolution) 90,855,763 12,142 0
(99.99) (0.01)
----------- ----------- ------
17. To authorise the making
of political donations 85,500,775 5,364,820 2,309
(94.10) (5.90)
----------- ----------- ------
18. To authorise the holding
of a general meeting on not
less than 14 days' notice
(Special Resolution) 70,612,071 20,255,835 0
(77.71) (22.29)
----------- ----------- ------
* Votes received supporting the resolution or granting the
Chairman or other third party discretion to vote on their behalf in
respect of the resolution.
The LSL Board notes the significant votes against Resolution 15
(to disapply pre-emption rights - acquisitions) and Resolution 18
(to authorise the holding of a general meeting on not less than 14
days' notice) notwithstanding prior engagement with Shareholders,
and approval of such resolutions in previous years. Both
resolutions are customarily proposed and passed by listed companies
in the UK, and are in line with institutional investor guidance.
The LSL Board understands that certain of its Shareholders
typically vote against these resolutions as a matter of general
principle. As always, the LSL Board will reflect on the feedback
that it has received and will continue to consult with Shareholders
to understand their concerns.
Copies of the special business resolutions passed at the Annual
General Meeting have been submitted to the UK Listing Authority and
will shortly be available through the National Storage Mechanism
hosted by Morningstar plc on behalf of the UK Listing
Authority.
Further information is available from:
Sapna B FitzGerald
Company Secretary
LSL Property Services plc
01904 698 850
www.lslps.co.uk
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
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