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British American Tobacco Regulatory News (BATS)



Regulatory News for British American Tobacco (BATS)


Share Price: 2,859.50Bid: 2,820.00Ask: 2,900.00Change: 0.00 (0.00%)No Movement on Br.amer.tob.
Spread: 80.00Spread as %: 2.84%Open: 2,840.00High: 0.00Low: 0.00Yesterday’s Close: 2,859.50





Result of AGM

Thu, 25th Apr 2019 16:40

RNS Number : 1509X
British American Tobacco PLC
25 April 2019

BRITISH AMERICAN TOBACCO p.l.c.

RESULTS OF VOTING AT 2019 ANNUAL GENERAL MEETING

The Annual General Meeting of British American Tobacco p.l.c. was held at Hilton London Bankside, 2-8 Great Suffolk Street, London, SE1 0UG on 25 April 2019 at 11.30am.

The tables below set out the results of the poll on each of the total of 20 Resolutions as stated in the Notice of Meeting dated 20 March 2019. Each shareholder, present in person or by proxy, was entitled to one vote per ordinary share of 25p held.

Resolution 1

Receipt of 2018 Report and Accounts

For - Note (b)

1,755,258,446

Percent of Votes Cast

99.20%

Percent of Issued Share Capital

76.52%

Against

14,169,779

Percent of Votes Cast

0.80%

Percent of Issued Share Capital

0.62%

Total Votes Cast (Excl. Votes Withheld)

1,769,428,225

Percent of Issued Share Capital

77.14%

Votes Withheld - Note (c)

4,387,903

Resolution 2

Approval of the Directors' Remuneration Policy

For - Note (b)

1,641,331,721

Percent of Votes Cast

92.63%

Percent of Issued Share Capital

71.56%

Against

130,661,885

Percent of Votes Cast

7.37%

Percent of Issued Share Capital

5.70%

Total Votes Cast (Excl. Votes Withheld)

1,771,993,606

Percent of Issued Share Capital

77.25%

Votes Withheld - Note (c)

1,820,757

Resolution 3

Approval of 2018 Directors' Remuneration Report

For - Note (b)

1,554,311,783

Percent of Votes Cast

87.71%

Percent of Issued Share Capital

67.76%

Against

217,722,528

Percent of Votes Cast

12.29%

Percent of Issued Share Capital

9.49%

Total Votes Cast (Excl. Votes Withheld)

1,772,034,311

Percent of Issued Share Capital

77.25%

Votes Withheld - Note (c)

1,780,043

Resolution 4

Reappointment of KPMG LLP as Auditors

For - Note (b)

1,755,452,554

Percent of Votes Cast

99.04%

Percent of Issued Share Capital

76.53%

Against

17,102,365

Percent of Votes Cast

0.96%

Percent of Issued Share Capital

0.75%

Total Votes Cast (Excl. Votes Withheld)

1,772,554,919

Percent of Issued Share Capital

77.28%

Votes Withheld - Note (c)

1,258,515

Resolution 5

Authority for the Audit Committee to agree the Auditors' remuneration

For - Note (b)

1,769,189,128

Percent of Votes Cast

99.81%

Percent of Issued Share Capital

77.13%

Against

3,321,904

Percent of Votes Cast

0.19%

Percent of Issued Share Capital

0.14%

Total Votes Cast (Excl. Votes Withheld)

1,772,511,032

Percent of Issued Share Capital

77.27%

Votes Withheld - Note (c)

1,303,327

Resolution 6

Re-election of Richard Burrows as a Director

For - Note (b)

1,735,711,221

Percent of Votes Cast

98.16%

Percent of Issued Share Capital

75.67%

Against

32,576,210

Percent of Votes Cast

1.84%

Percent of Issued Share Capital

1.42%

Total Votes Cast (Excl. Votes Withheld)

1,768,287,431

Percent of Issued Share Capital

77.09%

Votes Withheld - Note (c)

5,526,927

Resolution 7

Re-election of Sue Farr as a Director

For - Note (b)

1,750,116,750

Percent of Votes Cast

98.74%

Percent of Issued Share Capital

76.30%

Against

22,273,290

Percent of Votes Cast

1.26%

Percent of Issued Share Capital

0.97%

Total Votes Cast (Excl. Votes Withheld)

1,772,390,040

Percent of Issued Share Capital

77.27%

Votes Withheld - Note (c)

1,424,318

Resolution 8

Re-election of Dr Marion Helmes as a Director

For - Note (b)

1,509,106,829

Percent of Votes Cast

86.08%

Percent of Issued Share Capital

65.79%

Against

244,007,212

Percent of Votes Cast

13.92%

Percent of Issued Share Capital

10.64%

Total Votes Cast (Excl. Votes Withheld)

1,753,114,041

Percent of Issued Share Capital

76.43%

Votes Withheld - Note (c)

20,700,318

Resolution 9

Re-election of Luc Jobin as a Director

For - Note (b)

1,737,043,650

Percent of Votes Cast

98.12%

Percent of Issued Share Capital

75.73%

Against

33,217,228

Percent of Votes Cast

1.88%

Percent of Issued Share Capital

1.45%

Total Votes Cast (Excl. Votes Withheld)

1,770,260,878

Percent of Issued Share Capital

77.18%

Votes Withheld - Note (c)

3,553,480

Resolution 10

Re-election of Holly Keller Koeppel as a Director

For - Note (b)

1,727,827,523

Percent of Votes Cast

97.60%

Percent of Issued Share Capital

75.33%

Against

42,455,650

Percent of Votes Cast

2.40%

Percent of Issued Share Capital

1.85%

Total Votes Cast (Excl. Votes Withheld)

1,770,283,173

Percent of Issued Share Capital

77.18%

Votes Withheld - Note (c)

3,531,185

Resolution 11

Re-election of Savio Kwan as a Director

For - Note (b)

1,749,939,115

Percent of Votes Cast

99.24%

Percent of Issued Share Capital

76.29%

Against

13,336,671

Percent of Votes Cast

0.76%

Percent of Issued Share Capital

0.58%

Total Votes Cast (Excl. Votes Withheld)

1,763,275,786

Percent of Issued Share Capital

76.87%

Votes Withheld - Note (c)

10,538,572

Resolution 12

Re-election of Dimitri Panayotopoulos as a Director

For - Note (b)

1,736,879,545

Percent of Votes Cast

98.00%

Percent of Issued Share Capital

75.72%

Against

35,469,989

Percent of Votes Cast

2.00%

Percent of Issued Share Capital

1.55%

Total Votes Cast (Excl. Votes Withheld)

1,772,349,534

Percent of Issued Share Capital

77.27%

Votes Withheld - Note (c)

1,464,824

Resolution 13

Re-election of Kieran Poynter as a Director

For - Note (b)

1,761,903,520

Percent of Votes Cast

99.41%

Percent of Issued Share Capital

76.81%

Against

10,455,380

Percent of Votes Cast

0.59%

Percent of Issued Share Capital

0.46%

Total Votes Cast (Excl. Votes Withheld)

1,772,358,900

Percent of Issued Share Capital

77.27%

Votes Withheld - Note (c)

1,453,633

Resolution 14

Re-election of Ben Stevens as a Director

For - Note (b)

1,757,750,998

Percent of Votes Cast

99.17%

Percent of Issued Share Capital

76.63%

Against

14,631,254

Percent of Votes Cast

0.83%

Percent of Issued Share Capital

0.64%

Total Votes Cast (Excl. Votes Withheld)

1,772,382,252

Percent of Issued Share Capital

77.27%

Votes Withheld - Note (c)

1,432,107

Resolution 15

Election of Jack Bowles as a Director

For - Note (b)

1,771,054,287

Percent of Votes Cast

99.93%

Percent of Issued Share Capital

77.21%

Against

1,308,620

Percent of Votes Cast

0.07%

Percent of Issued Share Capital

0.06%

Total Votes Cast (Excl. Votes Withheld)

1,772,362,907

Percent of Issued Share Capital

77.27%

Votes Withheld - Note (c)

1,451,147

Resolution 16

Renewal of Directors' authority to allot shares

For - Note (b)

1,318,793,706

Percent of Votes Cast

74.41%

Percent of Issued Share Capital

57.49%

Against

453,657,814

Percent of Votes Cast

25.59%

Percent of Issued Share Capital

19.78%

Total Votes Cast (Excl. Votes Withheld)

1,772,451,520

Percent of Issued Share Capital

77.27%

Votes Withheld - Note (c)

1,354,742

Resolution 17 - Note (d)

Renewal of Directors' authority to disapply pre-emption rights

For - Note (b)

1,628,790,313

Percent of Votes Cast

92.03%

Percent of Issued Share Capital

71.01%

Against

141,102,479

Percent of Votes Cast

7.97%

Percent of Issued Share Capital

6.15%

Total Votes Cast (Excl. Votes Withheld)

1,769,892,792

Percent of Issued Share Capital

77.16%

Votes Withheld - Note (c)

3,919,591

Resolution 18 - Note (d)

Authority for the Company to purchase its own shares

For - Note (b)

1,737,471,044

Percent of Votes Cast

98.06%

Percent of Issued Share Capital

75.75%

Against

34,420,824

Percent of Votes Cast

1.94%

Percent of Issued Share Capital

1.50%

Total Votes Cast (Excl. Votes Withheld)

1,771,891,868

Percent of Issued Share Capital

77.25%

Votes Withheld - Note (c)

1,922,413

Resolution 19

Authority to make donations to political organisations and to incur political expenditure

For - Note (b)

1,627,423,634

Percent of Votes Cast

92.03%

Percent of Issued Share Capital

70.95%

Against

141,003,499

Percent of Votes Cast

7.97%

Percent of Issued Share Capital

6.15%

Total Votes Cast (Excl. Votes Withheld)

1,768,427,133

Percent of Issued Share Capital

77.10%

Votes Withheld - Note (c)

5,382,676

Resolution 20 - Note (d)

Notice period for General Meetings

For - Note (b)

1,594,625,564

Percent of Votes Cast

89.96%

Percent of Issued Share Capital

69.52%

Against

177,886,991

Percent of Votes Cast

10.04%

Percent of Issued Share Capital

7.76%

Total Votes Cast (Excl. Votes Withheld)

1,772,512,555

Percent of Issued Share Capital

77.27%

Votes Withheld - Note (c)

1,301,344

Notes:

(a) The total number of ordinary shares in issue (excluding treasury shares) at the close of business on Wednesday 24 April 2019 was 2,293,775,200.

(b) Includes discretionary votes.

(c) A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes 'For' or 'Against' a resolution.

(d) In accordance with Listing Rules 9.6.2R and 9.6.3R, copies of the resolutions numbered 17, 18 and 20 will be submitted to the National Storage Mechanism as soon as practicable and will be available for inspection at www.morningstar.co.uk/uk/nsm. A copy of the resolutions may also be obtained from the Notice of Meeting which is available on the Company's website at www.bat.com/agm.

All resolutions were passed at the Company's Annual General Meeting today with the requisite majority of votes.

However, in relation to resolution 16 (Authority to allot shares), we acknowledge that a number of our shareholders did not support this resolution. It remains standard market practice for many UK FTSE listed companies to retain this type of authority. The authority sought by the Company is in accordance with the UK Investment Association's share capital management guidelines and prevailing voting guidelines of leading corporate governance agencies applicable to UK listed companies. However, we are aware that some institutional investors, particularly in South Africa, have specific policies against supporting this type of resolution. Following the outcome of today's vote, we will continue our ongoing engagement with shareholders to better understand the position of those for which this authority continues to present concerns and will keep best practice in this area under review.

P McCrory

Secretary

British American Tobacco p.l.c.

25 April 2019

Enquiries:

Investor Relations

Mike Nightingale/Rachael Brierley/John Harney

+44 20 7845 1180/1519/1263

British American Tobacco Press Office
+44 (0) 20 7845 2888 (24 hours) | @BATPress


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
RAGCKPDDPBKDFQB


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