Last checked at 22 Oct 2015 14:57
Ashmore Group plc (the "Company")
22 October 2015
Results of Annual General Meeting ("AGM")
The board of Ashmore Group plc (the "Board"), is pleased to announce that at the AGM of the Company held earlier today all resolutions were duly passed on a poll. All of the resolutions are accordingly declared as carried. Resolutions 5, 6, 7, 8 and 9, relating to the election of Independent Non-executive Directors, are carried by a majority of votes cast by both Independent Shareholders as well as by a majority of votes cast by all Shareholders.
The results of the poll on each resolution were as follows:
FOR | AGAINST | ABSTAIN* | TOTAL VOTE | % age of total Votes in Favour | |
Resolution Number | No. of Votes
| No. of Votes
| No. of Votes
| ||
1. To receive and adopt the Report and Accounts for the year ended 30 June 2015 | 542,747,699 | 801 | 75,599 | 542,748,500 | 100.00% |
2. To declare a final dividend for the year ended 30 June 2015 of 12.1 pence per Ordinary Share | 542,763,583 | 0 | 60,516 | 542,763,583 | 100.00% |
3. To re-elect Mark Coombs as a Director | 542,743,834 | 18,223 | 62,042 | 542,762,057 | 100.00% |
4. To re-elect Tom Shippey as a Director | 542,743,834 | 18,223 | 62,042 | 542,762,057 | 100.00% |
5. To re-elect Nick Land as a Director (all shareholders) | 542,653,520 | 108,537 | 62,042 | 542,762,057 | 99.98% |
5.To re-elect Nick Land as a Director (independent shareholders) | 255,770,629 | 108,537 | 62,042 | 255,879,166 | 99.96% |
6. To re-elect Simon Fraser as a Director (all shareholders) | 542,481,511 | 280,546 | 62,042 | 542,762,057 | 99.95% |
6. To re-elect Simon Fraser as a Director (independent shareholders) | 255,598,620 | 280,546 | 62,042 | 255,879,166 | 99.89% |
7. To re-elect Dame Anne Pringle as a Director (all shareholders) | 542,726,183 | 33,874 | 64,042 | 542,760,057 | 99.99% |
7. To re-elect Dame Anne Pringle as a Director (independent shareholders) | 255,843,292 | 33,874 | 64,042 | 255,877,166 | 99.99% |
8. To elect David Bennett as a Director (all shareholders) | 542,740,079 | 21,978 | 62,042 | 542,762,057 | 100.00% |
8. To elect David Bennett as a Director (independent shareholders) | 255,857,188 | 21,978 | 62,042 | 255,879,166 | 99.99% |
9. To elect Peter Gibbs as a Director (all shareholders) | 542,735,783 | 26,274 | 62,042 | 542,762,057 | 100.00% |
9. To elect Peter Gibbs as a Director (independent shareholders) | 255,852,892 | 26,274 | 62,042 | 255,879,166 | 99.99% |
10. To approve the Remuneration Report for the year ended 30 June 2015 | 483,099,146 | 55,485,785 | 4,239,168 | 538,584,931 | 89.70% |
11. To re-appoint KPMG LLP as auditors | 539,833,388 | 2,928,220 | 62,491 | 542,761,608 | 99.46% |
12. To authorise the Directors to agree the remuneration of the auditors | 542,734,649 | 28,511 | 60,939 | 542,763,160 | 99.99% |
13. To authorise political donations and political expenditure | 541,979,616 | 766,646 | 77,837 | 542,746,262 | 99.86% |
14. To authorise the Directors to allot shares | 542,693,954 | 65,958 | 64,187 | 542,759,912 | 99.99% |
15. To authorise the dis-application of pre-emption rights ** | 540,477,520 | 2,276,495 | 70,084 | 542,754,015 | 99.58% |
16. To authorise market purchases of shares** | 542,754,657 | 3,323 | 66,119 | 542,757,980 | 100.00% |
17. To approve the renewal of the waiver of the obligation under Rule 9 of the Takeover Code *** | 182,997,870 | 67,925,570 | 291,900,659 | 250,923,440 | 72.93% |
18. To reduce the notice period for general meetings other than an Annual General Meeting** | 536,509,336 | 3,431,198 | 2,883,565 | 539,940,534 | 99.36% |
19. To approve the adoption of the Ashmore Executive Omnibus Plan 2015 | 463,504,577 | 59,451,444 | 19,868,078 | 522,956,021 | 88.63% |
* 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.
** Indicates Special Resolutions requiring a 75% majority
*** Mark Coombs has not voted on Resolution 17 as an interested party
With effect from the conclusion of the annual general meeting:
1. Michael Benson has retired from the Board and Peter Gibbs has been appointed Chairman
2. Simon Fraser has been appointed as the Senior Independent Director
3. The following are the memberships of the Ashmore Board Committees
Audit and Risk | Remuneration | Nominations |
David Bennett (Chairman) | Simon Fraser (Chairman) | Peter Gibbs (Chairman) |
Simon Fraser | Peter Gibbs | Simon Fraser |
Dame Anne Pringle | Dame Anne Pringle | David Bennett |
David Bennett |
In keeping with best practice, Ashmore regularly engages with its major shareholders on a range of matters. Prior to the AGM the Company consulted with a number of shareholders and proxy advisor bodies to discuss the business being proposed at the Company's AGM, and to understand the reasons for shareholders voting against any particular resolution, such as Resolution 17. The Board is kept informed of, and assesses any shareholder feedback relating to such matters.
The above summary of proxy votes will shortly be available on the Company's website, www.ashmoregroup.com.
For further details, please contact:
Michael Perman
Company Secretary
Ashmore Group plc
61, Aldwych
London WC2B 4AE
(T) +44 (0)20 3077 6190
(F) +44 (0)20 3077 6001
(E) michael.perman@ashmoregroup.com
END