Last checked at 12 Nov 2019 16:32
GALLIFORD TRY PLC
Result of 2019 Annual General Meeting
Galliford Try plc is pleased to announce that all resolutions were passed on a poll vote conducted at the Annual General Meeting held today. The results of the poll vote are detailed below.
As at the time of the meeting, the Company had 111,032,617 ordinary shares of 50 pence each in issue. As a vote withheld is not a vote in law, the proportion of total votes cast for and against each resolution excludes votes withheld.
Resolution | Votes validly cast | % of ISC | Votes for | % | Votes against | % | Withheld |
1. Receiving the report and financial statements | 73,496,573 | 66.19% | 73,459,250 | 99.95 | 37,323 | 0.05 | 94,227 |
2. Approval of the directors' report on remuneration | 72,422,495 | 65.23% | 62,087,241 | 85.73 | 10,335,254 | 14.27 | 1,168,305 |
3. Declaration of final dividend | 73,582,718 | 66.27% | 73,582,002 | 100.00 | 716 | 0.00 | 8,083 |
4. Re-appointment of Andrew Duxbury | 73,462,295 | 66.16% | 73,217,187 | 99.67 | 245,108 | 0.33 | 128,506 |
5. Re-election of Graham Prothero | 73,460,354 | 66.16% | 73,332,445 | 99.83 | 127,909 | 0.17 | 130,447 |
6. Re-election of Marisa Cassoni | 73,491,428 | 66.19% | 73,073,379 | 99.43 | 418,049 | 0.57 | 99,373 |
7. Re-election of Terry Miller | 73,482,611 | 66.18% | 73,043,081 | 99.40 | 439,530 | 0.60 | 108,189 |
8. Re-election of Gavin Slark | 73,481,437 | 66.18% | 73,004,095 | 99.35 | 477,342 | 0.65 | 109,363 |
9. Re-election of Jeremy Townsend | 73,481,545 | 66.18% | 73,003,926 | 99.35 | 477,619 | 0.65 | 109,255 |
10. Re-election of Peter Ventress | 73,480,698 | 66.18% | 72,402,729 | 98.53 | 1,077,969 | 1.47 | 110,101 |
11. Appointment of auditor | 73,581,563 | 66.27% | 73,486,357 | 99.87 | 95,206 | 0.13 | 9,238 |
12. Authority to set remuneration of the auditor | 73,579,819 | 66.27% | 73,556,534 | 99.97 | 23,285 | 0.03 | 10,982 |
13. Authority to allot shares | 73,577,775 | 66.27% | 73,110,014 | 99.36 | 467,761 | 0.64 | 13,026 |
14. Authority for political expenditure | 73,568,495 | 66.26% | 69,489,734 | 94.46 | 4,078,761 | 5.54 | 22,306 |
15. Authority to disapply statutory pre-emption rights for general purposes | 73,568,789 | 66.26% | 73,481,607 | 99.88 | 87,182 | 0.12 | 22,012 |
16. Authority to disapply statutory pre-emption rights for an acquisition or a specified capital investment | 73,576,364 | 66.27% | 70,857,195 | 96.30 | 2,719,169 | 3.70 | 14,436 |
17. Authority for Company to purchase its own shares | 73,485,939 | 66.18% | 73,398,583 | 99.88 | 87,356 | 0.12 | 104,861 |
18. Notice period for general meetings | 73,575,977 | 66.27% | 72,279,260 | 98.24 | 1,296,717 | 1.76 | 14,824 |
Resolution 2 - Directors' Remuneration Report
The Board notes that while Resolution 2 to approve the Directors' Remuneration Report was passed, a significant number of shareholders opposed this resolution. The Board and the Company remain committed to continued engagement with shareholders and proxy advisors to address concerns pertaining to executive director remuneration. The Remuneration Committee will continue to engage with shareholders to ensure their views are fully understood and considered.
In accordance with LR 9.6.2, copies of the relevant ordinary and special resolutions passed at the meeting will be submitted to the FCA's National Storage Mechanism, and will be available to view at www.morningstar.co.uk/uk/NSM.
Enquiries:
Kevin Corbett General Counsel & Company Secretary, Galliford Try plc 01895 855001