Last checked at 12 Jul 2022 13:00
The British Land Company PLC
12 July 2022
RESULTS OF ANNUAL GENERAL MEETING
The British Land Company PLC (the 'Company') held its Annual General Meeting ('AGM') at 100 Liverpool Street, London EC2M 2RH earlier today. All resolutions were voted on by way of a poll and were passed by shareholders. The results of the poll are set out below.
Resolutions | Votes FOR1 | Votes AGAINST | Total Votes Cast | Votes Withheld2 | ||||
No. of Shares | % of Shares voted | No. of Shares | % of Shares voted | No. of Shares | % of Issued Capital | |||
1 | To receive the Annual Report and audited financial statements of the Company for the year ended 31 March 2022 | 654,139,956 | 99.99 | 54,554 | 0.01 | 654,194,510 | 70.57 | 2,924,839 |
2 | To approve the Directors' Remuneration Report for the year ended 31 March 2022 | 633,429,298 | 96.49 | 23,012,044 | 3.51 | 656,441,342 | 70.81 | 678,007 |
3 | To approve the Directors' Remuneration Policy 2022 | 631,747,807 | 96.24 | 24,675,598 | 3.76 | 656,423,405 | 70.81 | 695,944 |
4 | To declare a final dividend of 11.60p per ordinary share for the year ended 31 March 2022 | 643,963,040 | 98.09 | 12,548,772 | 1.91 | 656,511,812 | 70.82 | 607,537 |
5 | To elect Mark Aedy as a Director | 656,239,805 | 99.98 | 158,941 | 0.02 | 656,398,746 | 70.81 | 720,603 |
6 | To re-elect Simon Carter as a Director | 656,066,784 | 99.95 | 345,654 | 0.05 | 656,412,438 | 70.81 | 706,911 |
7 | To re-elect Lynn Gladden as a Director | 656,120,593 | 99.96 | 289,160 | 0.04 | 656,409,753 | 70.81 | 709,596 |
8 | To re-elect Irvinder Goodhew as a Director | 656,298,360 | 99.98 | 110,126 | 0.02 | 656,408,486 | 70.81 | 710,863 |
9 | To re--elect Alastair Hughes as a Director | 654,156,222 | 99.95 | 315,920 | 0.05 | 654,472,142 | 70.60 | 2,647,207 |
10 | To elect Bhavesh Mistry as a Director | 653,262,568 | 99.52 | 3,161,385 | 0.48 | 656,423,953 | 70.81 | 695,396 |
11 | To re--elect Preben Prebensen as a Director | 656,111,082 | 99.95 | 303,317 | 0.05 | 656,414,399 | 70.81 | 704,950 |
12 | To re--elect Tim Score as a Director | 637,161,424 | 97.07 | 19,250,141 | 2.93 | 656,411,565 | 70.81 | 707,784 |
13 | To re-elect Laura Wade-Gery as a Director | 645,700,827 | 98.37 | 10,727,988 | 1.63 | 656,428,815 | 70.81 | 690,534 |
14 | To re-elect Loraine Woodhouse as a Director | 656,194,698 | 99.97 | 228,634 | 0.03 | 656,423,332 | 70.81 | 696,017 |
15 | To re--appoint PricewaterhouseCoopers LLP as auditor of the Company | 653,473,215 | 99.54 | 3,001,485 | 0.46 | 656,474,700 | 70.82 | 644,649 |
16 | To authorise the Audit Committee to agree the auditor's remuneration | 656,183,077 | 99.96 | 289,452 | 0.04 | 656,472,529 | 70.82 | 645,946 |
17 | To authorise the Company to make political donations and political expenditure of not more than £20,000 in total | 650,651,199 | 99.11 | 5,831,724 | 0.89 | 656,482,923 | 70.82 | 636,426 |
18 | To authorise Directors to pay dividends as shares (SCRIP dividends) | 656,374,408 | 99.98 | 109,424 | 0.02 | 656,483,832 | 70.82 | 635,517 |
19 | To approve the renewal of the Share Incentive Plan trust deed and rules | 653,880,838 | 99.61 | 2,569,633 | 0.39 | 656,450,471 | 70.81 | 668,878 |
20 | To authorise the Directors to allot shares, up to a limited amount | 575,022,746 | 87.59 | 81,454,862 | 12.41 | 656,477,608 | 70.82 | 641,741 |
21 | To empower the Directors to allot shares for cash, without making a pre--emptive offer to shareholders, up to the specified amount 3 | 652,240,345 | 99.91 | 581,432 | 0.09 | 652,821,777 | 70.42 | 4,297,572 |
22 | To empower the Directors to allot additional shares for cash, without making a pre-emptive offer to shareholders, up to the specified amount for use in connection with an acquisition or capital investment3 | 645,366,810 | 98.86 | 7,456,923 | 1.14 | 652,823,733 | 70.42 | 4,295,616 |
23 | To authorise the Company to purchase its own shares, up to the specified limit3 | 653,944,367 | 99.66 | 2,220,226 | 0.34 | 656,164,593 | 70.78 | 953,756 |
24 | To authorise the calling of general meetings (other than an annual general meeting) on not less than 14 clear days' notice3 | 553,091,816 | 84.25 | 103,389,862 | 15.75 | 656,481,678 | 70.82 | 636,671 |
1 Includes discretionary votes.
2 A vote withheld is not a vote in law and is not counted towards the votes cast 'For' or 'Against' a resolution.
3 Special Resolution (75% majority required).
The total voting rights of the Company as at 6.30pm on 8 July 2022 (the time by which shareholders wanting to attend, speak and vote at the AGM were required to be entered on the register) was 927,000,769 ordinary shares of 25 pence each (excluding treasury shares).
In accordance with Listing Rule 9.6.2 copies of the resolutions passed at the AGM, other than resolutions constituting ordinary business, will shortly be available for inspection at the National Storage Mechanism https://data.fca.org.uk/#/nsm/nationalstoragemechanism. A copy of the poll results for the AGM will also shortly be available on the British Land website (www.britishland.com/investors).
Enquiries:
Company Secretariat
British Land
York House, 45 Seymour Street, London W1H 7LX
020 7486 4466