Last checked at 20 May 2015 18:13
Foxtons Group plc
(the "Company")
20 May 2015
Annual General Meeting ("AGM") Results
The Company announces that at its Annual General Meeting held earlier today all the resolutions set out in the Notice of Annual General Meeting were passed by the requisite majority. Each of the resolutions put to the AGM was voted on by way of a poll. The results of the poll for each resolution were as follows:
Resolution | For (No. of shares)
| For (%)
| Against (No. of shares)
| Against (%)
| Votes Withheld (No. of shares)
| Total issued share capital instructed (%)
|
1. To receive the Annual Report and Accounts. | 234,188,872 | 100.00 | 0.00 | 0.00 | 1.00 | 82.99 |
2. To declare a final dividend. | 234,188,872 | 100.00 | 0.00 | 0.00 | 1.00 | 82.99 |
3. To declare a special dividend. | 234,188,872 | 100.00 | 0.00 | 0.00 | 1.00 | 82.99 |
4. To approve the Directors' Remuneration Report. | 216,260,639 | 92.36 | 17,896,372 | 7.64 | 31,862 | 82.98 |
5. To elect Nicholas Budden as a Director. | 232,815,066 | 99.41 | 1,372,306 | 0.59 | 1,501 | 82.99 |
6. To re-elect Andrew Adcock as a Director. | 232,804,421 | 99.41 | 1,382,951 | 0.59 | 1,501 | 82.99 |
7. To re-elect Ian Barlow as a Director. | 233,925,416 | 99.89 | 261,956 | 0.11 | 1,501 | 82.99 |
8. To re-elect Michael Brown as a Director. | 232,806,243 | 99.41 | 1,381,129 | 0.59 | 1,501 | 82.99 |
9. To re-elect Annette Court as a Director. | 233,926,916 | 99.89 | 261,956 | 0.11 | 1.00 | 82.99 |
10. To re-elect Gerard Nieslony as a Director. | 232,701,261 | 99.41 | 1,372,306 | 0.59 | 115,306 | 82.95 |
11. To re-elect Garry Watts as a Director. | 232,286,865 | 99.19 | 1,900,507 | 0.81 | 1,501 | 82.99 |
12. To re-appoint Deloitte LLP as auditors of the Company. | 233,804,009 | 99.84 | 383,563 | 0.16 | 1,301 | 82.99 |
13. To authorise the Audit Committee to determine the auditors' remuneration. | 233,898,586 | 99.88 | 288,986 | 0.12 | 1,301 | 82.99 |
14. To authorise the Company to make political donations. | 232,468,398 | 99.52 | 1,111,299 | 0.48 | 609,176 | 82.78 |
15. To amend the rules of the Senior Management Long Term Incentive Plan. | 233,799,192 | 99.83 | 386,880 | 0.17 | 2,801 | 82.99 |
16. To authorise the Directors to allot ordinary shares. | 234,182,074 | 100.00 | 5,798 | 0.00 | 1,001 | 82.99 |
17. To disapply pre-emption rights.*
| 234,180,774 | 100.00 | 5,798 | 0.00 | 2,301 | 82.99 |
18. To authorise the Company to purchase its own ordinary shares.* | 234,182,074 | 100.00 | 6,798 | 0.00 | 1.00 | 82.99 |
19. To authorise the Directors to hold general meetings on not less than 14 clear days' notice.* | 227,233,531 | 97.03 | 6,955,341 | 2.97 | 1.00 | 82.99 |
20. To ratify the payment of the 2014 interim and special interim dividends and to approve certain related matters.* | 212,439,184 | 100 | 2,298 | 0.00 | 20,442,731 | 75.29 |
*Special Resolution
NOTES:
| |
1. | All resolutions were passed.
|
2. | Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution
|
3. | Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.
|
4. | A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution nor in the calculation of the proportion of "Total issued share capital instructed" for any resolution.
|
5. | Following the passing of resolution 20, and as described in detail in the explanatory notes to the Notice of Annual General Meeting published on 7 April 2015, the Company confirms that it has today entered into: - a deed of release in favour of the Company's shareholders; and - a deed of release in favour of the current and former Directors of the Company (being related parties of the Company for the purposes of the Listing Rules and which deed constitutes a smaller related party transaction under LR11.1.10R of the Listing Rules);
|
6. | The number of shares in issue at 6:00 p.m. on 18 May 2015 was 282,176,468 (the "Share Capital") and at that time, the Company did not hold any shares in treasury.
|
7. | The proportion of "Total issued share capital instructed" for any resolution is the total of votes validly cast for that resolution (i.e. the total votes "For" and "Against" that resolution) expressed as a percentage of the Share Capital.
|
8. | The full text of the resolutions passed at the AGM can be found in the Notice of Annual General Meeting which is available on the Company's website at www.foxtonsgroup.co.uk.
|
9. | A copy of resolutions 17-20 passed at the AGM will shortly be submitted to the National Storage Mechanism and will be available for inspection at www.morningstar.co.uk/uk/NSM.
|
10. | The complete poll results will be available shortly on the Company's website at www.foxtonsgroup.co.uk
|
For further information please contact:
| |
Foxtons Investor Relations | |
Jenny Matthews | Tel: 020 7893 6484 |