Last checked at 8 Dec 2023 16:33
Hargreaves Lansdown plc
Results of Annual General Meeting ("AGM")
The Board is pleased to announce that at the AGM of the Company held on Friday 8th December 2023, all of the resolutions proposed at the Meeting were duly passed by shareholders.
For information, full details of the votes received were as follows:
Resolution Number | For | Against | Total Vote * | % of ISC voted
| Withheld * | ||
No. of Votes | % | No. of Votes | % | No. of Votes | No. of votes | ||
1. Receive the Report of Directors and Audited Accounts | 397,839,710 | 99.85 | 616,257 | 0.15 | 398,455,967 | 84.01% | 6,994,553 |
2. Approve the final dividend | 405,431,812 | 100.00 | 6,782 | 0.00 | 405,438,594 | 85.48% | 11,926 |
3. Approve Directors' Report on Remuneration | 302,104,242 | 96.96 | 9,466,162 | 3.04 | 311,570,404 | 65.69% | 93,880,116 |
4. Approve Directors' Remuneration Policy | 293,385,741 | 95.09 | 15,147,800 | 4.91 | 308,533,541 | 65.05% | 96,916,978 |
5. Re-appointment of Auditors | 397,915,215 | 98.15 | 7,520,836 | 1.85 | 405,436,051 | 85.48% | 14,469 |
6. Auditors' Remuneration | 405,373,279 | 99.99 | 60,036 | 0.01 | 405,433,315 | 85.48% | 17,205 |
7. [Re-election of Deanna Oppenheimer - Non-Executive Chair]** | WITHDRAWN | WITHDRAWN | WITHDRAWN | WITHDRAWN | |||
8. Re-election of Dan Olley - Executive Director | 403,429,156 | 99.51 | 1,995,611 | 0.49 | 405,424,767 | 85.48% | 25,753 |
9. Election of Amy Stirling - Executive Director | 404,741,739 | 99.83 | 685,128 | 0.17 | 405,426,867 | 85.48% | 23,653 |
10. Re-Election of Roger Perkin- Non-Executive Director*** | WITHDRAWN | WITHDRAWN | WITHDRAWN | WITHDRAWN | |||
11. Re-Election of John Troiano - Non-Executive Director | 311,330,142 | 76.79 | 94,096,570 | 23.21 | 405,426,712 | 85.48% | 23,808 |
12. Re-Election of Andrea Blance- Non-Executive Director | 305,340,730 | 75.86 | 97,149,978 | 24.14 | 402,490,708 | 84.86% | 2,959,812 |
13. Re-Election of Moni Mannings - Non-Executive Director | 297,766,629 | 73.98 | 104,718,374 | 26.02 | 402,485,003 | 84.86% | 2,965,517 |
14. Re-Election of Adrian Collins - Non-Executive Director | 401,702,986 | 99.81 | 783,626 | 0.19 | 402,486,612 | 84.86% | 2,963,908 |
15. Re-Election of Penny James - Non-Executive Director | 292,037,671 | 72.56 | 110,449,837 | 27.44 | 402,487,508 | 84.86% | 2,963,012 |
16. Re-Election of Darren Pope - Non-Executive Director | 306,254,441 | 76.09 | 96,230,477 | 23.91 | 402,484,918 | 84.86% | 2,965,602 |
17. Election of Michael Morley - Non-Executive Director | 405,332,927 | 99.98 | 87,362 | 0.02 | 405,420,289 | 85.47% | 30,231 |
18. Authority to Purchase Own Shares **** | 304,094,212 | 75.01 | 101,320,719 | 24.99 | 405,414,931 | 85.47% | 35,589 |
19. Authority to Allot Shares | 303,328,110 | 75.38 | 99,067,618 | 24.62 | 402,395,728 | 84.84% | 3,054,791 |
20. Authority to Dis-apply Statutory Pre-emption Rights **** | 310,476,994 | 76.58 | 94,948,546 | 23.42 | 405,425,540 | 85.48% | 24,980 |
21. Approve short notice for general meetings **** | 393,805,298 | 97.84 | 8,689,303 | 2.16 | 402,494,601 | 84.86% | 2,955,919 |
22. Approve the Hargreaves Lansdown plc Performance Share Plan | 299,628,254 | 74.46 | 102,764,402 | 25.54 | 402,392,656 | 84.84% | 3,057,864 |
Results of the poll can also be viewed on the Company's website: www.hl.co.uk/investor-relations/investor-information/agm.
* A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes 'for' or 'against' a resolution.
** As announced by RNS on 29 November 2023, the Company confirms that the resolution to re-elect Deanna Oppenheimer as Non-Executive Chair of the Company (Resolution 7 of the Notice) is now withdrawn. The withdrawal of Resolution 7 did not otherwise affect the validity of the Notice, the proxy form or any proxy votes already submitted on other resolutions. The numbering of all other proposed resolutions at the Annual General Meeting remained unchanged.
*** As announced by RNS on 29 November 2023, the Company confirms that the resolution to re-elect Roger Perkin as Non-Executive Director of the Company (Resolution 10 of the Notice) is now withdrawn. The withdrawal of Resolution 10 did not otherwise affect the validity of the Notice, the proxy form or any proxy votes already submitted on other resolutions. The numbering of all other proposed resolutions at the Annual General Meeting remained unchanged.
**** Special Resolutions requiring a 75% majority.
In accordance with Listing Rule 9.6.3(1), two copies of the resolutions (other than those resolutions comprising ordinary business) passed by the Company at its Annual General Meeting ('AGM') held on 8th December 2023 have been submitted to the Financial Conduct Authority.
The Board notes that resolution 11 (re-election of J Troiano), resolution 12 (re-election of A Blance), resolution 13 (re-election of M Mannings), resolution 15 (re-election of P James), resolution 16 (re-election of D Pope), resolution 18 (authority to purchase its own shares), resolution 19 (authority to allot shares), resolution 20 (authority to dis-apply statutory pre-emption rights) and resolution 22 (approve the Hargreaves Lansdown plc Performance Share Plan) were passed but with less than 80% of support. The Board will consult with the specific shareholders who did not vote in favour to understand any concerns.
A copy of this document has been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Claire Chapman
Company Secretary
Enquiries:
Danny Cox, Head of Communications:
07989 672 071
James Found, Head of Investor Relations:
07970 066 634
LEI: 2138008ZCE93ZDSESG90
Company Number: 02122142