TIDMSHB
RNS Number : 5459P
Shaftesbury PLC
08 February 2019
Shaftesbury PLC
Result of AGM
At the Shaftesbury PLC (the "Company") Annual General Meeting
held today, 8 February 2019, the resolutions set out below (other
than resolutions 19, 20 and 22) were passed by Shareholders voting
on a poll.
The Company announced on 25 January 2019 that Mr Samuel Tak Lee,
the ultimate beneficial owner of 26.15% of the issued share capital
of the Company, had notified the Company of his intention to vote
against resolutions 18, 19 and 20. In accordance with the Companies
Act 2006, the Company circulated to shareholders on 29 January 2019
a copy of Mr Lee's statement regarding his voting intentions, and
its response.
The Company became aware through press coverage yesterday that
Mr Lee also intended to vote against resolutions 2, 3, 6, 7, 10 and
22.
At the Annual General Meeting Mr Lee voted against all these
resolutions. Resolutions 2, 3, 6, 7, 10 and 18 were approved by
shareholders but resolutions 19, 20 and 22 were not carried. Mr
Lee's reasons for his voting stance against resolutions 18, 19 and
20 are set out in his statement. The Company has not been formally
made aware of his reasons for voting against the other resolutions.
As regards resolution 2, Mr Lee did not respond to the remuneration
policy consultation process with shareholders in October 2018.
The Company is disappointed that Mr Lee has voted against these
resolutions and will continue to attempt to engage directly with
him. An update will be made in accordance with the UK Corporate
Governance Code within six months of the AGM.
Resolution For Against Total Withheld (*)
Votes % Votes % Votes %
------------ ------- ----------- ------ ------------ -------
1. To receive the accounts 198,627,557 100.00 5,000 0.00 198,632,557 64.62% 175,324
------------ ------- ----------- ------ ------------ ------- -------------
2. To approve the Remuneration
Policy 197,412,262 70.76 81,571,987 29.24 278,984,249 90.76% 712,552
------------ ------- ----------- ------ ------------ ------- -------------
3. To approve the Annual
Remuneration Report 197,983,949 70.98 80,930,767 29.02 278,914,716 90.74% 782,086
------------ ------- ----------- ------ ------------ ------- -------------
4. To declare a final dividend 198,716,131 100.00 5,000 0.00 198,721,131 64.65% 86,750
------------ ------- ----------- ------ ------------ ------- -------------
5. To elect Jennelle Tilling 198,712,500 100.00 7,034 0.00 198,719,534 64.65% 88,347
------------ ------- ----------- ------ ------------ ------- -------------
6. To re-elect Jonathan Nicholls 196,946,652 70.52 82,338,481 29.48 279,285,133 90.86% 411,669
------------ ------- ----------- ------ ------------ ------- -------------
7. To re-elect Brian Bickell 197,816,643 70.75 81,790,812 29.25 279,607,455 90.96% 89,347
------------ ------- ----------- ------ ------------ ------- -------------
8. To re-elect Simon Quayle 197,727,719 99.50 991,815 0.50 198,719,534 64.65% 88,347
------------ ------- ----------- ------ ------------ ------- -------------
9. To re-elect Thomas Welton 197,727,719 99.50 991,815 0.50 198,719,534 64.65% 88,347
------------ ------- ----------- ------ ------------ ------- -------------
10. To re-elect Christopher Ward 197,611,405 70.67 81,996,050 29.33 279,607,455 90.96% 89,347
------------ ------- ----------- ------ ------------ ------- -------------
11. To re-elect Richard Akers 198,344,293 99.81 376,735 0.19 198,721,028 64.65% 86,853
------------ ------- ----------- ------ ------------ ------- -------------
12. To re-elect Jill Little 198,261,881 99.77 459,147 0.23 198,721,028 64.65% 86,853
------------ ------- ----------- ------ ------------ ------- -------------
13. To re-elect Dermot Mathias 198,347,703 99.81 373,325 0.19 198,721,028 64.65% 86,853
------------ ------- ----------- ------ ------------ ------- -------------
14. To re-elect Sally Walden 198,345,037 99.81 372,322 0.19 198,717,359 64.65% 90,519
------------ ------- ----------- ------ ------------ ------- -------------
15. To re-appoint Ernst & Young 198,702,969 99.99 10,182 0.01 198,713,151 64.65% 94,730
------------ ------- ----------- ------ ------------ ------- -------------
16. To authorise the directors to
agree the remuneration of the
auditors 198,695,753 99.99 22,781 0.01 198,718,534 64.65% 89,347
------------ ------- ----------- ------ ------------ ------- -------------
17. To authorise an increase in the
aggregate non-executive director
fee limit 197,984,404 99.63 735,526 0.37 198,719,930 64.65% 87,950
------------ ------- ----------- ------ ------------ ------- -------------
18. To authorise the directors to
allot shares 192,916,163 68.97 86,779,039 31.03 279,695,202 90.99% 1,600
------------ ------- ----------- ------ ------------ ------- -------------
19. To grant the directors
authority to disapply pre-emption
rights (Special Resolution) 197,938,537 70.93 81,120,397 29.07 279,058,934 90.79% 637,868
------------ ------- ----------- ------ ------------ ------- -------------
20. To grant the directors
authority to disapply pre-emption
rights for an additional 5% only
in connection with an acquisition
or specified investment (Special
Resolution) 195,832,923 70.17 83,232,654 29.83 279,065,577 90.79% 631,224
------------ ------- ----------- ------ ------------ ------- -------------
21. To authorise market purchases
of the Company's shares (Special
Resolution) 198,014,219 99.62 764,829 0.38 198,779,048 64.67% 28,832
------------ ------- ----------- ------ ------------ ------- -------------
22. To call a general meeting,
other than an annual general
meeting, on not less than 14 clear
days' notice (Special Resolution) 192,196,765 68.74 87,405,987 31.26 279,602,752 90.96% 94,050
------------ ------- ----------- ------ ------------ ------- -------------
*Vote withheld is not a vote in law and will not be counted in
the calculation of the proportion of votes for and against a
resolution.
Notes
1. Percentage of shares voted: 90.99% (Number of shares in issue 307,380,700)
2. In accordance with UK Listing Rule 9.6.2R, copies of all
resolutions passed at the AGM, other than those concerning ordinary
business, will be submitted to the UK Listing Authority and will,
in due course, be available for inspection at
www.morningstar.co.uk/uk/NSM.
3. Details of the votes received on the resolutions are available on the Company's website: www.shaftesbury.co.uk.
4. Shaftesbury PLC LEI: 213800N7LHKFNTDKAT98
Penny Thomas
Company Secretary
020 7333 8118
8 February 2019
Contact:
RMS Partners 020 3735 6551
Simon Courtenay
MHP Communications 020 3128 8100
Oliver Hughes/Reg Hoare
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END
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