TIDMSAFE
RNS Number : 4905T
Safestore Holdings plc
20 March 2019
20 March 2019
Safestore Holdings plc
("Safestore", "the Company" or "the Group")
Result of Annual General Meeting
The 2019 Annual General Meeting of Safestore Holdings plc was
held at midday today at the Company's registered office in
Borehamwood, Hertfordshire.
All resolutions were passed by the requisite majority by way of
a poll.
Commenting on the result of the AGM Alan Lewis, Chairman of
Safestore said:
"I am pleased that all resolutions were duly passed and would
like to thank our shareholders for their continued support. The
Board recognises however, that some shareholders continue to vote
against our remuneration report and the re-election of our
Remuneration Committee Chair.
Over the course of the year the Board has engaged extensively
with a significant number of our large institutional shareholders
and investor bodies to understand what changes to the remuneration
policy and LTIP would alleviate concerns around the structure.
As a result of this consultation exercise, changes were made to
the operation of our remuneration policy in line with suggestions
made by shareholders and their representative bodies. This has led
to a marked increase in support for our remuneration report. We
will continue to engage with shareholders on remuneration and
governance matters and are committed to consulting on an on-going
basis regarding the formation of the next remuneration policy and
LTIP this summer.
The financial results for the year ended 31 October 2018 were a
continuation of the strong performance of the business since 2013,
when the current team took over the management of Safestore, and we
look forward to delivering further shareholder value."
The following votes were cast in respect of the AGM
resolutions:
Ordinary Votes % Votes % Votes % of Votes Withheld
Resolution For Against Total (excluding Issued
withheld) Share
Capital
Voted
To receive
the Annual
Report and
1 Accounts 165,731,295 99.99% 24,459 0.01% 165,755,754 78.93% 843,523
------------------- ------------ -------- ----------- ------- ------------------ --------- ---------------
To approve
the Directors'
Remuneration
2 Report 114,577,548 70.37% 48,234,542 29.63% 162,812,090 77.53% 3,787,187
------------------- ------------ -------- ----------- ------- ------------------ --------- ---------------
To appoint
Deloitte LLP
3 as auditor 165,992,528 99.71% 483,828 0.29% 166,476,356 79.27% 122,921
------------------- ------------ -------- ----------- ------- ------------------ --------- ---------------
To authorise
the Directors
to determine
the auditors'
4 remuneration 166,473,734 100.00% 2,622 0.00% 166,476,356 79.27% 122,921
------------------- ------------ -------- ----------- ------- ------------------ --------- ---------------
To declare
a final dividend
of 11.15 pence
per ordinary
5 share 166,480,320 100.00% 4 0.00% 166,480,324 79.27% 118,953
------------------- ------------ -------- ----------- ------- ------------------ --------- ---------------
To re-elect
Alan Lewis
6 as a Director 134,247,172 88.84% 16,863,960 11.16% 151,111,132 71.95% 15,488,145
------------------- ------------ -------- ----------- ------- ------------------ --------- ---------------
To re-elect
Frederic Vecchioli
7 as a Director 165,947,495 99.68% 532,244 0.32% 166,479,739 79.27% 119,538
------------------- ------------ -------- ----------- ------- ------------------ --------- ---------------
To re-elect
Andy Jones
8 as a Director 165,721,275 99.54% 758,464 0.46% 166,479,739 79.27% 119,538
------------------- ------------ -------- ----------- ------- ------------------ --------- ---------------
To re-elect
Ian Krieger
as a
9 Director 143,976,485 86.48% 22,503,254 13.52% 166,479,739 79.27% 119,538
------------------- ------------ -------- ----------- ------- ------------------ --------- ---------------
To re-elect
Joanne Kenrick
10 as a Director 145,096,606 87.16% 21,383,133 12.84% 166,479,739 79.27% 119,538
------------------- ------------ -------- ----------- ------- ------------------ --------- ---------------
To elect Claire
Balmforth as
11 a Director 126,775,428 76.64% 38,635,803 23.36% 165,411,231 78.76% 1,188,046
------------------- ------------ -------- ----------- ------- ------------------ --------- ---------------
To elect Bill
Oliver as a
12 Director 145,321,802 87.29% 21,157,937 12.71% 166,479,739 79.27% 119,538
------------------- ------------ -------- ----------- ------- ------------------ --------- ---------------
To authorise
political
donations
and political
13 expenditure 159,969,444 99.59% 652,164 0.41% 160,621,608 76.48% 5,977,669
------------------- ------------ -------- ----------- ------- ------------------ --------- ---------------
To authorise
the directors
to allot relevant
14 securities 160,164,569 96.21% 6,315,755 3.79% 166,480,324 79.27% 118,953
------------------- ------------ -------- ----------- ------- ------------------ --------- ---------------
Special
Resolution*
------------------- ------------ -------- ----------- ------- ------------------ --------- ---------------
To authorise
the
dis-application
of pre-emption
15 rights 165,375,964 99.81% 307,437 0.19% 165,683,401 78.89% 915,876
------------------- ------------ -------- ----------- ------- ------------------ --------- ---------------
To authorise
market purchases
of ordinary
16 shares 165,645,076 99.99% 23,665 0.01% 165,668,741 78.89% 939,536
------------------- ------------ -------- ----------- ------- ------------------ --------- ---------------
To authorise
general to
be called on
not less than
14 clear days'
notice meetings
other than
annual general
17 meetings 154,672,121 92.91% 11,808,203 7.09% 166,480,324 79.27% 118,953
------------------- ------------ -------- ----------- ------- ------------------ --------- ---------------
*Special Resolutions requiring a 75% majority
Notes
Where shareholders appointed the Chairman as their proxy with
discretion as to voting, their votes were cast in favour of the
resolutions and their shares have been included in the "votes for"
column.
A "vote withheld" is not a vote in law and is not counted in the
calculation of the percentages of votes cast for and against a
resolution.
The current issued capital of Safestore Holdings plc is
210,011,217 shares.
In accordance with LR 9.6.2, copies of the resolutions passed as
special business will be forwarded to the FCA for publication
through the Document Viewing Facility and will be accessible via
the National Storage Mechanism website at
http://www.morningstar.co.uk/uk/NSM
For further information, please contact:
Safestore Holdings plc
Helen Bramall,
Interim Company Secretary 020 8732 1500
www.safestore.com
Instinctif Partners
Guy Scarborough 020 7457 2020
Notes to editors:
About Safestore
-- Safestore is the UK's largest self-storage group with 146
stores at 31 October 2018 comprising 119 wholly owned stores in the
UK (including 67 in London and the South East with the remainder in
key metropolitan areas such as Manchester, Birmingham, Glasgow,
Edinburgh, Liverpool and Bristol) and 27 wholly owned stores in the
Paris region.
-- Safestore operates more self-storage sites inside the M25 and
in central Paris than any competitor providing more proximity to
customers in the wealthiest and densest UK and French markets.
-- Safestore was founded in the UK in 1998. It acquired the
French business "Une Pièce en Plus" ("UPP") in 2004 which was
founded in 1998 by the current Safestore Group CEO Frederic
Vecchioli.
-- Safestore has been listed on the London Stock Exchange since
2007. It entered the FTSE 250 index in October 2015.
-- Safestore employs around 650 people in the UK and France.
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END
RAGUROVRKWAOUAR
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