Last checked at 23 Apr 2024 14:22
NatWest Group plc - Result of Annual General Meeting
23 April 2024
Following the Annual General Meeting held today at Gogarburn, Edinburgh EH12 1HQ, NatWest Group plc (the "Company") announces the results of the poll vote for each resolution as follows. Resolutions 17, 18, 20, 21, 23 to 26 were passed as special resolutions.
| VOTESFOR | % | VOTESAGAINST | % | % of ISC VOTED | VOTESWITHHELD |
Resolution 1 To receive the 2023 Report and Accounts | 29,210,437,504
| 99.98
| 4,975,512
| 0.02
| 83.70%
| 51,658,784
|
Resolution 2 To approve the Annual remuneration report in the Directors' remuneration report | 28,625,951,928
| 97.83
| 635,893,952
| 2.17
| 83.83%
| 5,220,112
|
Resolution 3 To declare a final dividend of 11.5 pence per ordinary share | 29,264,437,176
| 100.00
| 1,045,544
| 0.00
| 83.84%
| 1,620,504
|
Resolution 4 To elect Rick Haythornthwaite as a Director | 27,997,054,948
| 97.63
| 679,292,996
| 2.37
| 82.16%
| 590,726,920
|
Resolution 5 To elect Paul Thwaite as a Director | 29,257,599,956
| 99.98
| 6,060,760
| 0.02
| 83.84%
| 3,414,148
|
Resolution 6 To re-elect Katie Murray as a Director
| 29,172,476,904
| 99.69
| 90,441,148
| 0.31
| 83.84%
| 4,193,804
|
Resolution 7 To re-elect Frank Dangeard as a Director | 29,247,102,944
| 99.95
| 14,196,092
| 0.05
| 83.83%
| 5,770,792
|
Resolution 8 To re-elect Roisin Donnelly as a Director | 29,251,352,476
| 99.97
| 9,791,272
| 0.03
| 83.83%
| 5,930,384
|
Resolution 9 To re-elect Patrick Flynn as a Director | 29,042,286,092
| 99.25
| 219,010,844
| 0.75
| 83.83%
| 5,821,612
|
Resolution 10 To re-elect Yasmin Jetha as a Director | 29,251,355,280
| 99.97
| 10,189,028
| 0.03
| 83.83%
| 5,536,892
|
Resolution 11 To re-elect Stuart Lewis as a Director | 29,042,582,232
| 99.25
| 218,479,592
| 0.75
| 83.83%
| 5,657,820
|
Resolution 12 To re-elect Mark Seligman as a Director | 28,517,669,920
| 99.17
| 238,643,360
| 0.83
| 82.39%
| 510,393,532
|
Resolution 13 To re-elect Lena Wilson as a Director | 29,030,519,980
| 99.21
| 230,502,248
| 0.79
| 83.83%
| 5,691,160
|
Resolution 14 To re-appoint Ernst & Young LLP as auditors of the Company | 29,015,048,532
| 99.15
| 248,175,084
| 0.85
| 83.84%
| 3,849,180
|
Resolution 15 To authorise the Group Audit Committee to fix the remuneration of the auditors | 29,251,567,580
| 99.96
| 12,586,148
| 0.04
| 83.84%
| 2,963,100
|
Resolution 16 To renew the directors' authority to allot shares in the Company | 28,402,969,412
| 97.06
| 860,078,580
| 2.94
| 83.84%
| 4,071,244
|
Resolution 17 To renew the directors' authority to allot equity securities on a non pre-emptive basis in connection with an offer or issue of equity securities | 28,775,192,108
| 98.53
| 430,158,676
| 1.47
| 83.67%
| 61,765,288
|
Resolution 18 To renew the directors' authority to allot equity securities on a non pre-emptive basis in connection with the financing of a transaction | 28,505,554,628
| 97.60
| 700,935,576
| 2.40
| 83.67%
| 60,632,964
|
Resolution 19 To renew the directors' authority to allot ordinary shares or grant rights to subscribe for or to convert any security into ordinary shares in relation to Equity Convertible Notes | 28,939,748,388
| 98.90
| 322,787,040
| 1.10
| 83.84%
| 4,587,864
|
Resolution 20 To renew the directors' authority to allot equity securities on a non pre-emptive basis in connection with Equity Convertible Notes | 28,938,287,772
| 98.89
| 323,957,484
| 1.11
| 83.83%
| 4,878,716
|
Resolution 21 To renew the authority to permit the holding of General Meetings on 14 clear days' notice | 28,257,966,576
| 96.56
| 1,006,522,400
| 3.44
| 83.84%
| 2,633,708
|
Resolution 22 To renew the authority in respect of political donations and expenditure by the Company in terms of sections 366 and 367 of the Companies Act 2006 | 28,957,610,712
| 98.96
| 304,847,536
| 1.04
| 83.84%
| 4,631,144
|
Resolution 23 To renew the authority for the Company to purchase its own shares on a recognised investment exchange | 28,924,669,776
| 98.90
| 321,949,976
| 1.10
| 83.79%
| 20,488,516
|
Resolution 24 To amend the Directed Buyback Contract | 19,023,150,332
| 98.43
| 302,834,256
| 1.57
| 55.37%
| 4,564,528
|
Resolution 25 To renew the authority to make off-market purchases of ordinary shares from HM Treasury | 19,259,293,176
| 99.65
| 68,570,844
| 0.35
| 55.37%
| 2,678,788
|
Resolution 26 To authorise the Company to make off-market purchases of preference shares | 29,169,923,568
| 99.68
| 93,807,084
| 0.32
| 83.84%
| 3,366,220
|
Resolution 27To approve the NatWest Group plc 2024 Employee Share Plan rules | 28,966,778,080
| 98.99
| 296,392,288
| 1.01
| 83.84%
| 3,877,800
|
Resolution 28To renew the authority to offer shares in lieu of a cash dividend on ordinary shares | 29,193,181,568
| 99.76
| 71,457,624
| 0.24 | 83.84%
| 2,480,608
|
* A vote Withheld is not a vote in law and is not counted in the calculation of the proportion of votes "For" and "Against" a resolution.
In accordance with the UK Listing Authority's listing rules, a copy of the resolutions that do not constitute ordinary business at an annual general meeting will shortly be available for inspection at the National Storage Mechanism which is located at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
A full text of the resolutions can be found in the Notice of Meeting which is available on the Company's website at www.natwestgroup.com.
As at 19 April 2023 (being the latest date by which shareholders who wanted to vote at the Annual General Meeting must have been
entered on the company's Register of Members) the total number of voting rights in the company was 34,904,718,000.
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