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20 Jun 2024 13:15
LSL Property Services plc (LSL)
Results of Annual General Meeting 2024 (AGM)
LSL held its AGM on 20 June 2024 at 10am at Royal Lancaster London, Lancaster Terrace, London, W2 2TY. All resolutions set out in the Notice of the Meeting were passed by shareholders by way of a poll and details of the votes cast are set out below. 82,727,418 proxy votes were received representing 79.64% of the total number of ordinary shares in issue (excluding treasury shares)[1]. The following table gives details of the proxy votes lodged with LSL's registrar:
Resolution | Total Votes For/Discretion (%)[2] | Total Votes Against(%) | Total VotesWithheld[3] |
1. To receive, consider and adopt LSL's Annual Accounts for the year ended 31st December 2023, together with the Directors' Report and Auditor's Report on those accounts. | 100 | 0.00 | 11,162 |
2. To approve the Directors' Remuneration Report (other than the part containing the Directors' Remuneration Policy) contained within LSL's Annual Report and Accounts 2023. | 99.96 | 0.04 | 11,299 |
3. To declare a final dividend, recommended by the Directors, of 7.4 pence per ordinary share in respect of the year ended 31st December 2023, to be paid on 28th June 2024 to shareholders whose names appear on the Register of Members of LSL at the close of business on 10th May 2024. | 100 | 0.00 | 386 |
4. To re-elect Gaby Appleton as a Director of LSL. | 74.99 | 25.01 | 6,101,862 |
5. To re-elect Adam Castleton as a Director of LSL. | 99.96 | 0.04 | 2,103,393 |
6. To elect Adrian Collins as a Director of LSL. | 99.98 | 0.02 | 137 |
7. To re-elect Darrell Evans as a Director of LSL. | 99.18 | 0.82 | 6,101,863 |
8. To re-elect Sonya Ghobrial as a Director of LSL. | 97.24 | 2.76 | 2,103,393 |
9. To re-elect James Mack as a Director of LSL. | 99.22 | 0.78 | 2,103,394 |
10. To re-elect David Stewart as a Director of LSL. | 85.54 | 14.46 | 2,103,393 |
11. To re-appoint Ernst & Young LLP as auditor of LSL. | 96.49 | 3.51 | 138 |
12. To authorise the Directors to determine the auditor's remuneration. | 99.97 | 0.03 | 1 |
13. To authorise the Directors to allot shares. | 97.4 | 2.6 | 137 |
14. To disapply pre-emption rights (Special Resolution). | 88.83 | 11.17 | 523 |
15. To disapply pre-emption rights - acquisitions (Special Resolution). | 88.99 | 11.01 | 523 |
16. To authorise LSL to purchase its own Ordinary Shares (Special Resolution). | 99.98 | 0.02 | 274 |
17. To authorise the making of political donations | 82.27 | 17.73 | 386 |
18. To authorise the holding of a general meeting on not less than 14 days' notice (Special Resolution). | 91.24 | 8.76 | 137 |
The Board is pleased that all resolutions were passed at today's AGM and thanks shareholders for their engagement and support. The Board notes that 25.01% of the votes cast in relation to Resolution 4 (to re-elect Gaby Appleton) were against the resolution. The views of shareholders are very important to us and the Chairman intends to contact those who voted against this resolution to discuss their particular concerns.
Copies of the special business resolutions passed at the AGM will be submitted to the UK Listing Authority and will shortly be available through the National Storage Mechanism.
Further information is available from:
Sapna B FitzGerald
Company Secretary
investorrelations@lslps.co.uk
LSL Property Services plc
www.lslps.co.uk
[1] As at close of business on Wednesday 19 June 2024 LSL holds 1,288,439 shares in Treasury and has 103,870,511 ordinary shares in issue (excluding treasury shares).
[2] These are votes received supporting the resolution or granting the Chairman or another third party discretion to vote on their behalf in respect of the resolution.
[3] A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.
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