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8 Jul 2021 13:30
8 July 2021
Land Securities Group PLC (the "Company")
Voting results of Annual General Meeting
The Company announces the voting results of its Annual General Meeting ("AGM") held earlier today as a hybrid meeting at 80 Victoria Street, London, SW1E 5JL. All resolutions, as set out in the Notice of Meeting dated 8 June 2021, were passed with the requisite majority by means of a poll.
Resolutions 1 to 17 were passed as Ordinary Resolutions and resolutions 18 to 21 were passed as Special Resolutions.
| RESOLUTION | VOTESFOR* | % FOR | VOTESAGAINST | TOTAL VOTES FOR / AGAINST | VOTESWITHHELD** |
1. | To receive the accounts of the Company for the year ended 31 March 2021 and the Directors' and Auditors' Reports thereon | 518,399,115 | 99.99 | 51,643 | 518,450,758 | 380,626 |
2. | To approve the Directors' Remuneration Policy | 499,920,738 | 96.41 | 18,623,726 | 518,544,464 | 286,920 |
3. | To approve the Annual Report on Remuneration | 485,863,335 | 95.67 | 22,002,980 | 507,866,315 | 10,965,068 |
4. | To declare a final dividend of 9 pence per Ordinary share | 516,119,504 | 99.52 | 2,514,502 | 518,634,006 | 197,378 |
5. | To elect Vanessa Simms as a Director | 517,520,311 | 99.80 | 1,043,737 | 518,564,048 | 262,779 |
6. | To elect Manjiry Tamhane as a Director | 518,463,091 | 99.98 | 102,636 | 518,565,727 | 261,100 |
7. | To re-elect Mark Allan as a Director | 518,495,000 | 99.98 | 103,687 | 518,598,687 | 228,140 |
8. | To re-elect Colette O'Shea as a Director | 518,323,336 | 99.95 | 244,897 | 518,568,233 | 258,594 |
9. | To re-elect Edward Bonham Carter as a Director | 514,483,927 | 99.20 | 4,124,688 | 518,608,615 | 218,212 |
10. | To re-elect Nicholas Cadbury as a Director | 518,333,713 | 99.95 | 265,484 | 518,599,197 | 227,630 |
11. | To re-elect Madeleine Cosgrave as a Director | 515,739,160 | 99.45 | 2,863,864 | 518,603,024 | 223,803 |
12. | To re-elect Christophe Evain as a Director | 510,378,008 | 98.41 | 8,220,849 | 518,598,857 | 227,970 |
13. | To re-elect Cressida Hogg as a Director | 516,042,578 | 99.50 | 2,569,740 | 518,612,318 | 214,509 |
14. | To re-appoint Ernst & Young LLP as auditor | 514,675,814 | 99.25 | 3,905,375 | 518,581,189 | 250,195 |
15. | To determine the remuneration of the auditor | 517,480,686 | 99.78 | 1,147,500 | 518,628,186 | 203,198 |
16. | To make political donations | 517,868,624 | 99.86 | 743,253 | 518,611,877 | 219,507 |
17. | To allot securities | 488,880,117 | 94.27 | 29,739,687 | 518,619,804 | 211,579 |
18. | To disapply pre-emption rights | 514,395,783 | 99.97 | 162,737 | 514,558,520 | 4,272,864 |
19. | To disapply pre-emption rights for purposes of acquisitions or capital investments | 497,497,509 | 96.68 | 17,061,010 | 514,558,519 | 4,272,864 |
20. | To purchase own shares | 511,544,226 | 99.23 | 3,977,027 | 515,521,253 | 3,310,131 |
21. | To approve the Company's Restricted Stock Plan | 513,480,027 | 99.02 | 5,065,556 | 518,545,583 | 285,800 |
* Includes discretionary votes
**A vote withheld is not a vote in law and is therefore not included in the calculation of total votes For/Against
· Total voting rights at 8 July 2021: 744,526,324 Ordinary shares of 10 2/3 p each
· Number of votes per share: One
· Total number of votes cast: 518,634,006 Ordinary shares (i.e 69.66% turnout)
As a result of the continuation of Covid-19 restrictions, for the first time this year we chose to hold our AGM as a hybrid meeting. Shareholders were encouraged to take advantage of this and join the meeting virtually. The Company held the hybrid Annual General Meeting at the Company's registered office with only the minimum number of shareholders present and with those joining virtually forming a quorum as required under the Company's articles of association. All valid proxy votes and voting instructions (whether submitted electronically or in hard copy form) were included in the poll taken at the meeting.
In accordance with Listing Rule 9.6.2, copies of the resolutions passed as special business will shortly be available for inspection on the National Storage Mechanism at https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism
A copy of the voting results shown above is also available on the Company's website at https://landsec.com/investors/shareholders-equity-investors/annual-general-meeting
END
For further information, please contact:
Land Securities Group PLC
Liz Miles
Head of Governance and Company Secretary
Tel: +44(0) 20 7024 5280
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