Last checked at 28 Oct 2021 14:28
BROOKS MACDONALD GROUP PLC
(the "Company")
Result of Annual General Meeting ("AGM")
The Company's 2021 AGM was held today at 21 Lombard Street, London. The Board is pleased to announce that 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 13,592,801 Ordinary Shares, representing 83.96% of the Ordinary Shares in issue on 26 October 2021.
For (see note 1) | Against (see note 1) | Votes withheld (see note 2) | ||||
Votes | % | Votes | % | Votes | ||
1 | Receipt of the Annual Report and Accounts | 13,568,620 | 100.00% | 0 | 0.00% | 24,181 |
2 | Declaration of a final dividend | 13,568,773 | 100.00% | 0 | 0.00% | 24,028 |
3 | Approval of the Directors' remuneration report (advisory) | 8,967,178 | 68.05% | 4,209,698 | 31.95% | 415,925 |
4 | Re-election of Alan Carruthers as a Director | 13,562,683 | 99.97% | 4,604 | 0.03% | 25,514 |
5 | Election of Andrew Shepherd as a Director | 13,567,287 | 100.00% | 0 | 0.00% | 25,514 |
6 | Re-election of Ben Thorpe as a Director | 13,567,287 | 100.00% | 0 | 0.00% | 25,514 |
7 | Election of Lynsey Cross as a Director | 13,567,287 | 100.00% | 0 | 0.00% | 25,514 |
8 | Re-election of Richard Price as a Director | 13,567,287 | 100.00% | 0 | 0.00% | 25,514 |
9 | Re-election of John Linwood as a Director | 13,227,479 | 97.49% | 339,961 | 2.51% | 25,361 |
10 | Re-election of Dagmar Kershaw as a Director | 13,567,287 | 100.00% | 0 | 0.00% | 25,514 |
11 | Re-election of Robert Burgess as a Director | 13,567,287 | 100.00% | 0 | 0.00% | 25,514 |
12 | Re-appointment and remuneration of the Auditor | 13,568,620 | 100.00% | 153 | 0.00% | 24,028 |
13 | Political donations | 12,837,810 | 94.61% | 730,963 | 5.39% | 24,028 |
14 | Authority to allot new shares | 13,212,924 | 97.49% | 339,696 | 2.51% | 40,181 |
15 | Authority to disapply pre-emption rights | 13,366,593 | 98.63% | 186,027 | 1.37% | 40,181 |
16 | Additional authority to disapply pre-emption rights | 13,366,593 | 98.63% | 186,027 | 1.37% | 40,181 |
17 | Authority to purchase own shares | 13,462,404 | 99.22% | 106,369 | 0.78% | 24,028 |
18 | Notice periods for general meetings (other than AGM) | 13,568,773 | 100.00% | 0 | 0.00% | 24,028 |
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 14 were ordinary resolutions and resolutions 15 to 18 were special resolutions.
4. The number of ordinary shares in issue as at 26 October 2021 was 16,189,188.
Resolution 3 (Approval of the Directors' remuneration report)
The Board notes that, while all resolutions were passed, a substantial minority of votes (31.95%) were cast against Resolution 3, the advisory resolution to approve the Directors' remuneration report. The Remuneration Committee on behalf of the Board consults extensively with shareholders on remuneration and takes their feedback into consideration. In accordance with the UK Corporate Governance Code 2018, the Remuneration Committee will continue to consult shareholders to understand the full reasons for the result and the Company will provide, within 6 months of the 2021 AGM, an update on views received from shareholders and any actions taken.
Enquiries to:
Brooks Macdonald Group plc Andrew Shepherd, CEO Ben Thorpe, Chief Financial Officer
| www.brooksmacdonald.com 020 7659 3492 |
Peel Hunt LLP (Nominated Adviser and Broker) Andrew Buchanan / John Welch / Rishi Shah
| 020 7418 8900 |
FTI Consulting Laura Ewart / Katherine Bell
| brooksmacdonald@fticonsulting.com 07711 387085 / 07976 870961 |
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 £16.8 billion as at 30 September 2021.
Brooks Macdonald offers a range of investment management services to private high net worth individuals, pension funds, institutions, charities and trusts. The Group also provides financial planning as well as international investment management, and acts as fund manager to a range of onshore and international funds.
The Group has thirteen offices across the UK and the Channel Islands including London, Cheltenham, East Anglia, Exeter, Hampshire, Leamington Spa, Leeds, Manchester, Tunbridge Wells, Scotland, Wales, Jersey and Guernsey.
LEI: 213800WRDF8LB8MIEX37