Last checked at 
20 Jul 2017 15:28
Caledonia Investments plc: Result of Annual General Meeting
Caledonia Investments plc (the "Company") is pleased to announce that all of the resolutions proposed at its annual general meeting held on 20 July 2017 were duly passed. Resolutions 10, 11, 12, 13 and 14 relating to the re-election of independent directors, were passed by separate majorities of all shareholders and of those shareholders who are independent of the Cayzer family concert party, the members of which are regarded as controlling shareholders for the purposes of the Listing Rules.
The following table indicates the number of valid proxy votes lodged in advance of the meeting for each of the resolutions. It should be noted that votes withheld do not constitute votes in law and therefore are not counted in the number of votes for or against any resolution.
Resolution | In favour | Against | Withheld | Total lodged | |||
No | No. | % | No. | % | No. | No. | |
1 | To receive and adopt the annual report and accounts for the year ended 31 March 2017 | 35,862,794 | 99.99 | 3,530 | 0.01 | 0 | 35,866,324 |
2 | To approve the directors' remuneration report for the year ended 31 March 2017 (other than the directors' remuneration policy) | 35,550,450 | 99.25 | 269,827 | 0.75 | 45,815 | 35,866,092 |
3 | To approve the 2017 directors' remuneration policy | 35,568,437 | 99.20 | 285,805 | 0.80 | 11,850 | 35,866,092 |
4 | To approve and declare a final dividend of 39.9p per ordinary share | 35,866,324 | 100.00 | 0 | 0.00 | 0 | 35,866,324 |
5 | To approve and declare a special dividend of 100.0p per ordinary share | 35,864,324 | 99.99 | 2,000 | 0.01 | 0 | 35,866,324 |
6 | To re-elect Mr W P Wyatt a director | 35,825,849 | 100.00 | 0 | 0.00 | 40,475 | 35,866,324 |
7 | To re-elect Mr S A King a director | 35,825,849 | 100.00 | 0 | 0.00 | 40,475 | 35,866,324 |
8 | To re-elect Mr J M B Cayzer-Colvin a director | 35,683,517 | 99.60 | 142,332 | 0.40 | 40,475 | 35,866,324 |
9 | To re-elect The Hon C W Cayzer a director | 34,623,865 | 96.64 | 1,202,659 | 3.36 | 39,800 | 35,866,324 |
10 | To re-elect Mr H Y H Boël a director (all shareholders) | 34,598,617 | 96.79 | 1,146,494 | 3.21 | 121,212 | 35,866,323 |
10 | To re-elect Mr H Y H Boël a director (independent shareholders) | 9,041,170 | 88.75 | 1,146,494 | 11.25 | 121,212 | 10,308,876 |
11 | To re-elect Mr S J Bridges a director (all shareholders) | 35,686,740 | 99.50 | 178,267 | 0.50 | 1,317 | 35,866,324 |
11 | To re-elect Mr S J Bridges a director (independent shareholders) | 10,129,293 | 98.27 | 178,267 | 1.73 | 1,317 | 10,308,877 |
12 | To re-elect Mr C H Gregson a director (all shareholders) | 35,686,174 | 99.50 | 180,150 | 0.50 | 0 | 35,866,324 |
12 | To re-elect Mr C H Gregson a director (independent shareholders) | 10,128,727 | 98.25 | 180,150 | 1.75 | 0 | 10,308,877 |
13 | To re-elect Mrs S C R Jemmett-Page a director (all shareholders) | 35,852,587 | 99.96 | 13,737 | 0.04 | 0 | 35,866,324 |
13 | To re-elect Mrs S C R Jemmett-Page a director (independent shareholders) | 10,295,140 | 99.87 | 13,737 | 0.13 | 0 | 10,308,877 |
14 | To re-elect Mr D C Stewart a director (all shareholders) | 35,038,378 | 97.80 | 788,146 | 2.20 | 39,800 | 35,866,324 |
14 | To re-elect Mr D C Stewart a director (independent shareholders) | 9,480,931 | 92.33 | 788,146 | 7.67 | 39,800 | 10,308,877 |
15 | To re-appoint KPMG LLP as auditor | 35,738,719 | 99.88 | 41,944 | 0.12 | 85,661 | 35,866,324 |
16 | To authorise the directors to agree the auditor's remuneration | 35,105,151 | 97.88 | 760,898 | 2.12 | 275 | 35,866,324 |
17 | To grant the Company authority to make market purchases of its own shares | 35,856,322 | 99.97 | 10,002 | 0.03 | 0 | 35,866,324 |
18 | To approve the waiver of the mandatory offer provisions set out in Rule 9 of the City Code on Takeovers and Mergers in relation to the Cayzer Concert Party* | 8,453,782 | 83.72 | 1,643,548 | 16.28 | 211,547 | 10,308,877 |
19 | To authorise the allotment of unissued shares | 35,775,100 | 99.98 | 5,811 | 0.02 | 413 | 35,781,324 |
20 | To authorise the allotment of shares on a non pre-emptive basis | 35,768,841 | 99.97 | 12,070 | 0.03 | 413 | 35,781,324 |
21 | To authorise the convening of general meetings (other than annual general meetings) on not less than 14 clear days' notice | 35,677,510 | 99.47 | 188,813 | 0.53 | 0 | 35,866,323 |
*As required by the City Code on Takeovers and Mergers, the Cayzer family concert party did not vote on this resolution.
Each of the resolutions was voted on by way of a show of hands, other than resolution 18 which was voted on by way of a poll. The numbers of votes cast at the meeting on resolution 18 were 8,382,237 in favour and 1,643,548 against.
At the date of the annual general meeting there were 55,381,017 ordinary shares with voting rights in issue. No shares are held in treasury.
In accordance with Listing Rule 9.6.2R, copies of resolutions 17 to 21, being the resolutions passed as special business at the annual general meeting, have been submitted to the National Storage Mechanism and will shortly be available at: www.Hemscott.com/nsm.do.
As previously announced, Rod Kent retired from the board at the conclusion of the annual general meeting and was succeeded as Chairman by David Stewart. As a consequence of his appointment, Mr Stewart has also become Chairman of the Company's Nomination Committee and has ceased to be a member of the Company's Audit Committee, being replaced on the latter by Shonaid Jemmett-Page. He remains a member of the Remuneration Committee.
Enquiries:
G P Denison,
Company Secretary
Tel: +44 (0)20 7802 8080
20 July 2017
END
All of the resolutions proposed at the annual general meeting are also set out in the circular to shareholders incorporating the notice of the 2017 annual general meeting available on Caledonia's website at www.caledonia.com.
Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.