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31 Oct 2019 16:26
BROOKS MACDONALD GROUP PLC
(the "Company")
Result of Annual General Meeting ('AGM')
The Company's 2019 AGM was held today at 72 Welbeck Street, London. All resolutions proposed at the meeting were passed on a poll. The table below shows the total votes validly cast, being those votes for or against each resolution. Total votes cast, including votes withheld, were over 11,428,308 Ordinary Shares, representing 81.86% of the Ordinary Shares in issue on 30 October 2019.
For (see note 1) | Against (see note 1) | Votes withheld (see note 2) | ||||
Votes | % | Votes | % | Votes | ||
1 | Receipt of the Annual Report and Accounts | 11,428,308 | 100.00 | 0 | 0.00 | 0 |
2 | Declaration of a final dividend | 11,428,308 | 100.00 | 0 | 0.00 | 0 |
3 | Approval of the Directors' remuneration report | 6,936,692 | 60.70 | 4,491,616 | 39.30
| 0 |
4 | Election of Alan Carruthers as a Director | 10,809,792 | 94.59 | 618,516 | 5.41 | 0 |
5 | Re-election of Caroline Connellan as a Director | 10,809,192 | 99.99 | 746 | 0.01 | 0 |
6 | Re-election of Ben Thorpe as a Director | 10,809,792 | 99.99 | 146 | 0.01 | 0 |
7 | Re-election of Richard Price as a Director | 10,809,792 | 99.99 | 146 | 0.01 | 0 |
8 | Re-election of Diane Seymour-Williams as a Director | 11,453,596 | 99.99 | 146 | 0.01 | 4,000 |
9 | Re-election of David Stewart as a Director | 10,809,792 | 99.99 | 146 | 0.01 | 0 |
10 | Re-election of John Linwood as a Director | 10,809,792 | 99.99 | 146 | 0.01 | 0 |
11 | Re-appointment and remuneration of the Auditor | 11,428,162 | 99.99 | 146 | 0.01 | 0 |
12 | Political donations | 9,764,111 | 99.88 | 11,519 | 0.12 | 1,652,678 |
13 | Authority to allot new shares | 11,428,308 | 100.00 | 0 | 0.00 | 0 |
14 | Authority to disapply pre-emption rights | 11,006,511 | 96.31 | 421,651 | 3.69 | 146 |
15 | Additional authority to disapply pre-emption rights | 11,006,511 | 96.31 | 421,651 | 3.69 | 146 |
16 | Authority to purchase own shares | 9,779,030 | 99.99 | 600 | 0.01 | 1,648,678 |
17 | Notice periods for general meetings (other than AGM) | 11,427,708 | 99.99 | 600 | 0.01 | 0 |
Notes
1. Votes "For" and "Against" are expressed as a percentage of votes received. Any proxy appointments which gave the Chairman discretion have been included in the "For" total.
2. 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.
3. Resolutions 1 to 13 were ordinary resolutions and resolutions 14 to 17 were special resolutions.
4. The number of ordinary shares in issue as at 30 October 2019 was 13,961,445.
The Board is pleased that all resolutions have been passed but acknowledge that Resolution 3, the approval of the directors' remuneration report, received a significant number of votes against.
Based on the AGM vote and the Board's prior engagement with shareholders, the Board recognises the concerns raised and will continue to engage with shareholders and reflect on the feedback received.
Enquiries to:
Brooks Macdonald Group plc Caroline Connellan, Chief ExecutiveBen Thorpe, Finance Director | www.brooksmacdonald.com 020 7499 6424
|
Peel Hunt LLP (Nominated Adviser and Broker) Guy Wiehahn / John Welch
| 020 7418 8900 |
MHP Communications Reg Hoare / Simon Hockridge / Charlie Barker
| 020 3128 8540 |
Notes to editors
Brooks Macdonald Group plc, through its various subsidiaries, provides leading investment management services in the UK and internationally. The Group, which was founded in 1991 and began trading on AIM in 2005, had Discretionary Funds under Management of £13.3bn as at 30 September 2019.
Brooks Macdonald offers a range of investment management services to private high net worth individuals, pension funds, institutions and trusts. The Group also provides financial planning as well as offshore investment management and acts as fund manager to a regulated OEIC providing a range of risk-managed multi-asset funds and a specialised absolute return fund.
The Group has thirteen offices across the UK and the Channel Islands including London, East Anglia, Hampshire, Leamington Spa, Manchester, Taunton, Tunbridge Wells, York, Scotland, Wales, Jersey, and Guernsey.
LEI: 213800WRDF8LB8MIEX37
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