10 Jun 2015 08:30
Results of AGM
The 2015 Annual General Meeting ('AGM') of Laura Ashley Holdings plc was held on 9 June 2015, at Corus Hotel Kuala Lumpur, Malaysia with a satellite venue at Corus Hotel Hyde Park, London.
A poll was held for all the resolutions proposed which were passed as follows:
Resolution | Summary | For | % | Against | % | Abstain | ||||||||
1. | To receive, acknowledge and adopt the Directors' Report, the Group Strategic Report and the Financial Statements for the year ended 31 January 2015 together with the signed and dated Auditor's Report.
| 557,115,231 | 100.00 | 12,198 | 0.00 | 63,788 | ||||||||
2. | To re-elect Mr David Walton Masters who offers himself for re-election as a Non-Executive Director in accordance with provision B.7.1 of the UK Corporate Governance Code.
| 504,659,221 | 90.58 | 52,463,101 | 9.42 | 69,270 |
| |||||||
2*.
| To re-elect Mr David Walton Masters who offers himself for re-election as a Non-Executive Director in accordance with provision B.7.1 of the UK Corporate Governance Code.
| 60,875,214 | 53.71 | 52,463,101 | 46.29 | 69,270 | ||||||||
3. | To re-elect Ms Sally Kealey, who offers herself for re-election as a Non-Executive Director in accordance with provision B.7.1 of the UK Corporate Governance Code. | 555,988,328 | 99.79 | 1,161,307 | 0.21 | 41,957 | ||||||||
3*.
|
To re-elect Ms Sally Kealey, who offers herself for re-election as a Non-Executive Director in accordance with provision B.7.1 of the UK Corporate Governance Code. |
112,204,321 |
98.98 |
1,161,307 |
1.02 |
41,957 | ||||||||
4. |
To re-elect Ms Kwa Kim Li, who retires by rotation in accordance with the Articles of Association of the Company, as a Non- Executive Director.
|
556,981,955 |
99.97 |
158,414 |
0.03 |
51,223 |
| |||||||
4*.
| To re-elect Ms Kwa Kim Li, who retires by rotation in accordance with the Articles of Association of the Company, as a Non- Executive Director. | 113,197,948 | 99.86 | 158,414 | 0.14 | 51,223 | ||||||||
5.
|
To re-elect Mr James Wong Nyen Faat, who retires by rotation in accordance with the Articles of Association of the Company, as a Non-Executive Director.
|
|
553,198,077 |
99.29 |
3,935,125 |
0.71 |
58,390 | |||||||
6.
| To elect Ms Joyce Sit Meng Poh who offers herself for election as an Executive Director in accordance with the Articles of Association of the Company.
| 555,347,617 | 99.68 | 1,769,393 | 0.32 | 74,582 | ||||||||
7. | To declare a final dividend of 1.0 pence per ordinary share for the year ended 31 January 2015 to be paid on 3 July 2015 to holders of ordinary shares on the register at the close of business on 12 June 2015 (ex-dividend date 11 June 2015) in respect of each ordinary share.
| 557,141,743 | 100.00 | 15,695 | 0.00 | 33,854 | ||||||||
8. | To appoint Moore Stephens LLP, as Auditor to the Company, to hold office from the passing of this resolution to the conclusion of the next AGM at which the accounts are laid before shareholders and to authorise the Directors to determine the remuneration of the Auditor.
| 556,597,143 | 99.93 | 378,903 | 0.07 | 215,546 | ||||||||
9. | To approve the Directors' Remuneration Report for the year ended 31January 2015.
| 556,631,978 | 99.95 | 257,983 | 0.05 | 301,631 | ||||||||
10. | To authorise the Directors to allot relevant securities pursuant to Section 551 of the Companies Act 2006, having an aggregate nominal value of up to £12,309,583.57.
| 556,671,657 | 99.95 | 289,746 | 0.05 | 230,189 | ||||||||
11. | To authorise the Directors to allot equity securities pursuant to Section 571 of the Companies Act 2006, which are to be wholly paid up in cash up to an aggregate nominal amount of £3,730,176.84 representing 10% of the issued share capital of the Company.
| 518,721,777 | 94.81 | 28,379,519 | 5.19 | 10,090,296 | ||||||||
12. | To authorise the Company to make market purchases of the Company's ordinary 5 pence shares up to 10% of the nominal value of the Company's issued share capital.
| 556,823,900 | 99.97 | 179,458 | 0.03 | 188,234 | ||||||||
13. | To empower the Company to sell 18,272,500 shares held as treasury shares by the Company as at 10 April 2015 and any subsequent purchases of treasury shares not more than 10% of the Company's issued share capital for cash.
| 521,234,626 | 95.26 | 25,957,788 | 4.74 | 9,999,178 | ||||||||
14. | That a general meeting (rather than an annual general meeting) may be called on not less than 14 clear days' notice.
| 554,925,069 | 99.62 | 2,114,554 | 0.38 | 151,969 |
* Denotes votes by independent shareholders.
Enquiries:
| |
| Laura Ashley Holdings plc Seán Anglim CFO / Joint COO
| 020 7880 5100 |
Brunswick Anita Scott Helen Smith | 020 7404 5959
|
Cantor Fitzgerald Europe Richard Redmayne Tim Medak
|
020 7894 7601
|