Last checked at 19 Jul 2019 14:23
The British Land Company PLC
19 July 2019
RESULTS OF ANNUAL GENERAL MEETING
The British Land Company PLC (the 'Company') held its Annual General Meeting ('AGM') at The Montcalm London Marble Arch, 2 Wallenberg Place, London W1H 7TN 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 2019 | 711,891,948 | 100.00 | 8,418 | 0.00 | 711,900,366 | 75.86 | 873,215 |
2 | To approve the Directors' Remuneration Report for the year ended 31 March 2019 | 672,923,921 | 94.54 | 38,861,785 | 5.46 | 711,785,706 | 75.85 | 1,062,975 |
3 | To approve the Directors' Remuneration Policy 2019 | 699,935,009 | 98.30 | 12,073,236 | 1.70 | 712,008,245 | 75.87 | 840,435 |
4 | To declare a final dividend of 7.75p per ordinary 25 pence share for the year ended 31 March 2019 | 711,979,719 | 99.95 | 338,344 | 0.05 | 712,318,063 | 75.90 | 530,718 |
5 | To re-elect Simon Carter as a Director | 709,976,566 | 99.68 | 2,300,575 | 0.32 | 712,277,141 | 75.90 | 571,585 |
6 | To re-elect Lynn Gladden as a Director | 711,826,787 | 99.95 | 374,071 | 0.05 | 712,200,858 | 75.89 | 647,868 |
7 | To re-elect Chris Grigg as a Director | 711,839,325 | 99.94 | 438,019 | 0.06 | 712,277,344 | 75.90 | 571,382 |
8 | To re-elect Alistair Hughes as a Director | 710,505,812 | 99.76 | 1,696,539 | 0.24 | 712,202,351 | 75.89 | 646,375 |
9 | To re--elect William Jackson as a Director | 704,184,630 | 98.89 | 7,914,071 | 1.11 | 712,098,701 | 75.88 | 750,025 |
10 | To re-elect Nicholas Macpherson as a Director | 710,474,507 | 99.76 | 1,726,044 | 0.24 | 712,200,551 | 75.89 | 572,875 |
11 | To re--elect Preben Prebensen as a Director | 710,452,670 | 99.76 | 1,736,098 | 0.24 | 712,188,768 | 75.89 | 584,458 |
12 | To re--elect Tim Score as a Director | 705,146,633 | 99.00 | 7,124,089 | 1.00 | 712,270,722 | 75.90 | 577,804 |
13 | To re-elect Laura Wade-Gery as a Director | 711,812,942 | 99.95 | 379,364 | 0.05 | 712,192,306 | 75.89 | 581,120 |
14 | To re--elect Rebecca Worthington as a Director | 711,833,763 | 99.95 | 361,508 | 0.05 | 712,195,271 | 75.89 | 578,155 |
15 | To re--appoint PricewaterhouseCoopers LLP as auditor of the Company | 712,120,792 | 99.98 | 174,450 | 0.02 | 712,295,242 | 75.90 | 553,639 |
16 | To authorise the Audit Committee to determine the auditor's remuneration | 711,897,271 | 99.94 | 400,638 | 0.06 | 712,297,909 | 75.90 | 550,972 |
17 | To authorise the Company to make limited political donations and political expenditure of not more than £20,000 in total | 690,288,645 | 97.30 | 19,130,815 | 2.70 | 709,419,460 | 75.60 | 3,428,329 |
18 | To authorise Directors to pay dividends as shares (SCRIP dividends) | 711,366,642 | 99.87 | 917,246 | 0.13 | 712,283,888 | 75.90 | 564,838 |
19 | To authorise the Directors to allot shares up to a limited amount | 608,180,089 | 85.39 | 104,090,498 | 14.61 | 712,270,587 | 75.90 | 577,294 |
20 | To authorise the Directors to allot shares and sell treasury shares for cash, without making a pre--emptive offer to shareholders3 | 686,493,075 | 96.65 | 23,759,890 | 3.35 | 710,252,965 | 75.68 | 2,595,916 |
21 | To authorise the Directors to allot additional shares and sell treasury shares for cash, without making a pre-emptive offer to shareholders in line with recommendations of the Pre-Emption Group3 | 676,662,680 | 95.27 | 33,605,217 | 4.73 | 710,267,897 | 75.69 | 2,580,983 |
22 | To authorise the Company to purchase its own shares3 | 709,196,265 | 99.58 | 2,989,815 | 0.42 | 712,186,080 | 75.89 | 662,800 |
23 | To authorise the calling of general meetings (other than an annual general meeting) on not less than 14 clear days' notice3 | 610,892,520 | 86.11 | 98,570,053 | 13.89 | 709,462,573 | 75.60 | 3,386,308 |
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 17 July 2019 (the time by which shareholders wanting to attend, speak and vote at the AGM were required to be entered on the register) was 938,434,263 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 (www.morningstar.co.uk/uk/nsm). 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