Last checked at 26 May 2020 12:28
CHESNARA plc
("Chesnara" or "the Company")
26 May 2020
LEI Number: 213800VFRMBRTSZ3SJ06
RESULT OF THE CHESNARA PLC 2020 ANNUAL GENERAL MEETING
Chesnara plc announces that the resolutions proposed at its Annual General Meeting held on 26 May 2020 were passed by a show of hands. For information, the results of the AGM, which includes the total number of votes received for each resolution, are set out below. The Company's issued share capital on 26 May 2020 consisted of 150,065,457 ordinary 5p shares and the number of voting rights was also 150,065,457 ordinary 5p shares (as there were no treasury shares).
No. | Resolution | No. of votes 'for' & 'discretionary' | % | Votes 'against'* | % | Total No. of votes cast | Votes 'withheld' |
1 | To receive and adopt the report and accounts for the year ended 31 December 2019 | 95,376,604 | 99.98 | 16,097 | 0.02 | 95,392,701 | 98,612 |
2 | To approve the Directors' Remuneration Report | 93,082,557 | 97.49 | 2,397,183 | 2.51 | 95,479,740 | 11,573 |
3 | To approve the Directors' Remuneration Policy | 90,213,551 | 94.49 | 5,260,276 | 5.51 | 95,473,827 | 17,487 |
4 | To declare a final dividend of 13.87p per ordinary share | 95,491,314 | 100 | 0 | 0 | 95,491,314 | 0 |
5 | To re-elect Mr Deane as a director | 95,448,630 | 99.97 | 23,993 | 0.03 | 95,472,623 | 18,691 |
6 | To re-elect Mr Rimmington as a director | 95,386,839 | 99.91 | 85,784 | 0.09 | 95,472,623 | 18,691 |
7 | To re-elect Ms Dale as a director | 95,424,022 | 99.95 | 48,600 | 0.05 | 95,472,622 | 18,691 |
8 | To elect Mr Savage as a director | 95,431,122 | 99.96 | 41,500 | 0.04 | 95,472,622 | 18,691 |
9 | To re-elect Mrs Oak as a director | 94,359,893 | 98.84 | 1,109,729 | 1.16 | 95,469,622 | 21,691 |
10 | To re-elect Mr Brand as a director | 95,424,022 | 99.95 | 48,600 | 0.05 | 95,472,622 | 18,691 |
11 | To re-elect Mr Hesketh as a director | 95,424,022 | 99.95 | 48,600 | 0.05 | 95,472,622 | 18,691 |
12 | To re-appoint Deloitte LLP as auditor | 95,443,994 | 99.96 | 38,370 | 0.04 | 95,482,364 | 8,949 |
13 | To authorise the directors to determine the auditor's remuneration | 95,456,217 | 99.97 | 30,605 | 0.03 | 95,486,822 | 4,492 |
14 | To provide limited authority to make political donations and to incur political expenditure | 94,784,448 | 99.26 | 702,374 | 0.74 | 95,486,822 | 4,492 |
15 | To authorise the directors to allot securities up to a specified amount | 93,893,501 | 98.35 | 1,575,848 | 1.65 | 95,469,349 | 21,965 |
16 | Special resolution - to give the directors power to allot securities for cash without making an offer to shareholders (rights issue or open offer) | 94,165,766 | 98.63 | 1,303,583 | 1.37 | 95,469,349 | 21,965 |
17 | Special resolution - to give the directors power to allot securities for cash without making an offer to shareholders (financing or refinancing an acquisition) | 94,143,095 | 98.61 | 1,326,253 | 1.39 | 95,469,348 | 21,965 |
18. | Special resolution - to give the Company limited authority to purchase its own shares | 95,394,483 | 99.94 | 60,542 | 0.06 | 95,455,025 | 36,288 |
19. | Special resolution - to allow the Company to call general meetings on not less than 14 clear working days' notice | 94,685,595 | 99.16 | 804,686 | 0.84 | 95,490,281 | 1,033 |
*Votes 'withheld' have not been included in the calculation of whether the resolution is carried. Percentages have been rounded to two decimal places.
The full text of the resolutions can be found in the Notice of the Meeting set out in the Financial Statements for the year ended 31 December 2019, copies of which are available on the Company's website, www.chesnara.co.uk. In accordance with Listing Rule 9.6.3, full details of the resolutions passed as special business will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
For further information, please contact:
Roddy Watt
Director, Capital Markets
FWD
Forward thinking communications
T - 020 7280 0651
E - roddy.watt@fwdconsulting.co.uk
Notes to Editors
Chesnara is a life and pensions company listed on the London Stock Exchange. It administers over one million policies and operates as Countrywide Assured in the UK, as The Waard Group and Scildon in the Netherlands, and as Movestic in Sweden.
Following a three pillar strategy, Chesnara's primary responsibility is the efficient administration of its customers' life and savings policies, ensuring good customer outcomes and providing a secure and compliant environment to protect policyholder interests. It also adds value by writing profitable new business in Sweden and the Netherlands and by undertaking value-adding acquisitions of either companies or portfolios.
Consistent delivery of the Company strategy has enabled Chesnara to increase its dividend for 15 years in succession.
Further details are available on the Company's website (www.chesnara.co.uk).