Last checked at 8 Feb 2017 16:00
8 February 2017
Grainger plc ("Grainger"/ the "Company")
Result of AGM
At the one hundred and fourth Annual General Meeting of Grainger plc held on Wednesday 8 February 2017, the following resolutions set out in the Notice of Meeting dated 6 January 2017 were passed by Shareholders on a show of hands. Proxies were received by the Company from Shareholders in advance of the Annual General Meeting as follows (* special resolutions):
Resolutions | Votes for | % For | Votes against | % Against |
Total votes | Votes withheld | |
1 | To approve and adopt the directors' report and the audited financial statements for the year ended 30 September 2016 | 310,003,578 | 99.9% | 203,219 | 0.1% | 310,206,797 | 129,931 |
2 | To approve the Directors' remuneration report for the year ended 30 September 2016 | 288,285,863 | 98.6% | 4,033,378 | 1.4% | 292,319,241 | 18,017,487 |
3 | To declare a dividend | 310,335,728 | 100.0% | 0 | 0.0% | 310,335,728 | 1,000 |
4 | To re-elect Nick Jopling | 310,068,693 | 99.9% | 268,035 | 0.1% | 310,336,728 | 0 |
5 | To re-elect Belinda Richards | 310,116,417 | 99.9% | 220,311 | 0.1% | 310,336,728 | 0 |
6 | To re-elect Tony Wray | 310,120,740 | 99.9% | 215,988 | 0.1% | 310,336,728 | 0 |
7 | To re-elect Andrew Carr-Locke | 309,780,346 | 99.8% | 556,382 | 0.2% | 310,336,728 | 0 |
8 | To re-elect Helen Gordon | 310,047,373 | 99.9% | 289,355 | 0.1% | 310,336,728 | 0 |
9 | To re-elect Rob Wilkinson | 310,112,040 | 99.9% | 215,688 | 0.1% | 310,327,728 | 9,000 |
10 | To elect Vanessa Simms | 310,042,424 | 99.9% | 293,578 | 0.1% | 310,336,002 | 726 |
11 | To approve the Directors' remuneration policy | 288,973,671 | 98.9% | 3,334,753 | 1.1% | 292,308,424 | 18,028,304 |
12 | To approve the 2017 Long Term Incentive Plan | 288,722,893 | 97.3% | 7,883,890 | 2.7% | 296,606,783 | 13,729,945 |
13 | To approve the 2017 SAYE scheme | 309,855,965 | 99.8% | 477,890 | 0.2% | 310,333,855 | 2,873 |
14 | To reappoint KPMG LLP as auditors of the Company | 305,130,938 | 99.8% | 637,418 | 0.2% | 305,768,356 | 4,568,372 |
15 | To authorise the directors to determine the remuneration of the auditors | 310,331,286 | 100.0% | 5,442 | 0.0% | 310,336,728 | 0 |
16 | To authorise the directors to allot shares | 296,539,476 | 95.6% | 13,792,755 | 4.4% | 310,332,231 | 4,497 |
17 | To authorise the directors to issue shares for cash* | 309,498,131 | 99.7% | 824,100 | 0.3% | 310,322,231 | 14,497 |
18 | To authorise the directors to issue shares for cash in relation to the acquisition or other capital investment * | 286,574,219 | 92.4% | 23,695,961 | 7.6% | 310,270,180 | 66,548 |
19 | To authorise the Company to purchase own shares* | 304,835,625 | 98.2% | 5,491,103 | 1.8% | 310,326,728 | 10,000 |
20 | To reduce the notice period for general meetings (other than an Annual General Meeting) to not less than 14 clear days' notice.* | 287,739,328 | 92.7% | 22,597,400 | 7.3% | 310,336,728 | 0 |
21 | To authorise political donations up to £50,000 in aggregate | 307,511,585 | 99.1% | 2,780,179 | 0.9% | 310,291,764 | 44,964 |
As at the date of the Annual General Meeting, there were 416,920,383 ordinary shares of 5p each in issue (excluding treasury shares).
In accordance with Listing Rule 9.6.2 copies of all the resolutions passed, other than ordinary business, will be submitted to the UK Listing Authority and will be available for inspection via the National Storage Mechanism website at http://morningstar.co.uk/uk/nsm and also via the Company's website at http://www.graingerplc.co.uk/.
Adam McGhin
Group General Counsel and Company Secretary