Last checked at 31 Jan 2020 14:30
Britvic plc
LEI: 635400L3NVMYD4BVCI53
31 January 2020
Result of Annual General Meeting
Britvic plc (the "Company") announces that the following resolutions were duly passed at the Company's Annual General Meeting which was held at 11.00 a.m. on 31 January 2020 at Linklaters LLP, One Silk Street, London EC2Y 8HQ. The results of the poll are as follows:
No. | Resolution | Total For (1) | % | Total Against | % | Votes Withheld (2) |
Ordinary Resolutions | ||||||
1. | Receive the Annual Report for 52 weeks ended 29 September 2019 | 204,553,499 | 99.98 | 37,944 | 0.02 | 335,306 |
2. | Declare a final dividend of 21.7p per share | 204,877,451 | 99.98 | 37,845 | 0.02 | 11,453 |
3. | Approve the directors' remuneration report for 52 weeks ended 29 September 2019 | 172,582,297 | 87.27 | 25,171,913 | 12.73 | 7,172,538 |
4. | Re-election of John Daly as a director | 192,384,425 | 93.92 | 12,443,736 | 6.08 | 98,587 |
5. | Re-election of Suniti Chauhan as a director | 204,104,940 | 99.65 | 721,101 | 0.35 | 100,708 |
6. | Re-election of Sue Clark as a director | 193,791,415 | 97.10 | 5,785,629 | 2.90 | 5,349,704 |
7. | Re-election of William Eccleshare as a director | 151,721,999 | 74.07 | 53,103,141 | 25.93 | 101,608 |
8. | Re-election of Simon Litherland as a director | 203,996,387 | 99.59 | 831,636 | 0.41 | 96,826 |
9. | Re-election of Ian McHoul as a director | 162,312,565 | 79.24 | 42,513,525 | 20.76 | 98,759 |
10. | Re-election of Euan Sutherland as a director | 204,064,891 | 99.63 | 758,860 | 0.37 | 100,208 |
11. | Election of Joanne Wilson as a director | 204,045,481 | 99.62 | 779,512 | 0.38 | 99,856 |
12. | Re-appointment of Ernst & Young LLP as auditors | 202,033,339 | 98.60 | 2,873,093 | 1.40 | 18,416 |
13. | Authority to Audit Committee to fix the remuneration of the auditors | 202,339,510 | 98.75 | 2,568,825 | 1.25 | 16,956 |
14. | Authority to make political donations and incur political expenditure | 203,871,918 | 99.50 | 1,027,750 | 0.50 | 25,181 |
15. | Authority to directors to allot shares | 173,614,046 | 84.73 | 31,285,893 | 15.27 | 24,910 |
Special Resolutions | ||||||
16. | Authority to directors to issue shares for cash | 194,864,801 | 99.87 | 256,915 | 0.13 | 9,803,133 |
17. | Authority to issue shares for cash in relation to an acquisition or other capital investment | 180,152,037 | 92.33 | 14,969,548 | 7.67 | 9,803,263 |
18. | Authority to company to purchase own shares | 204,237,223 | 99.73 | 561,153 | 0.27 | 126,472 |
19. | Authority to hold general meetings (other than AGMs) on 14 clear days' notice | 180,098,088 | 87.89 | 24,810,318 | 12.11 | 16,443 |
The Company's issued share capital as at 31 January 2020 was 266,034,277 shares of 20 pence each. 77.03% of the issued share capital was instructed.
(1) | Includes those votes giving the Chairman discretion |
(2) | A 'vote withheld' is not a vote in law and is not counted in the calculation of votes 'For' or 'Against' a resolution. |
The Board notes the result of the votes against Resolutions 7 and 9 (the re-appointment of William Eccleshare and Ian McHoul). From the Company's ongoing engagement with investors, we understand that the concerns relate to calls on their time. All Directors currently comply with best practice and their time commitments is a matter that the Nominations Committee keeps under regular review. The Company benefits from a strong Board with a good blend of experience and expertise. The Company will continue to consult with shareholders who did not vote in favour on these resolutions and will provide an update within six months as required by the UK Corporate Governance Code.
In accordance with Listing Rule 9.6.2, copies of the resolutions passed that do not constitute ordinary business at an annual general meeting will be submitted to the National Storage Mechanism and will be available for viewing at www.morningstar.co.uk/uk/nsm.
The results will also be made available on the Company's website at www.britvic.com/investors/shareholder-centre/agm.
Jonathan Adelman
Company Secretary
Britvic plc
Britvic plc Legal Entity Identifier: 635400L3NVMYD4BVCI53