Last checked at 18 May 2017 14:22
Contacts: | Alistair Mackinnon-Musson |
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| Rowbell PR | Tel: 020 7717 5239 |
| Email: next@rowbellpr.com | |
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Photographs: | Photographs available at: http://press.next.co.uk/media/company-images/campaignimages.aspx | |
NEXT PLC
Results of 2017 Annual General Meeting ("AGM")
The Board of Next plc is pleased to announce that at the AGM of Next shareholders held on 18 May 2017 all resolutions as set out in the Notice of Meeting contained in the Annual Report and Accounts for the year ended 28 January 2017 were passed.
All resolutions were put to the meeting and approved on a poll and results are detailed below.
The total number of shares on the register at 6pm on 16 May 2017, being those eligible to be voted on at the AGM, was 147,056,562.
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| For | Against | TOTAL VOTES CAST | % of shares on register at 6pm 16 May 2017 | Votes withheld1 | ||
Resolution | Special / Ordinary | No. of Votes | % | No. of Votes | % | No. of Votes | % | No. of Votes |
1 To receive and adopt the accounts and reports of the directors and auditor
| Ordinary | 108,995,810 | 99.58 | 455,579 | 0.42 | 109,451,389 | 74.43 | 28,113 |
2 To approve the Directors' Remuneration Policy
| Ordinary | 107,107,291 | 98.64 | 1,471,317 | 1.36 | 108,578,608 | 73.83 | 900,892 |
3 To approve the Remuneration Report
| Ordinary | 108,223,045 | 99.60 | 436,396 | 0.40 | 108,659,441 | 73.89 | 820,060 |
4 To declare a final dividend of 105p per ordinary share
| Ordinary | 109,464,444 | 100.00 | 4,504 | 0.00 | 109,468,948 | 74.44 | 10,554 |
5 To re-elect John Barton as a director
| Ordinary | 106,807,508 | 97.60 | 2,623,541 | 2.40 | 109,431,049 | 74.41 | 48,453 |
6 To elect Jonathan Bewes as a director
| Ordinary | 109,068,801 | 99.67 | 361,757 | 0.33 | 109,430,558 | 74.41 | 48,944 |
7 To re-elect Caroline Goodall as a director
| Ordinary | 108,918,613 | 99.53 | 512,570 | 0.47 | 109,431,183 | 74.41 | 48,319 |
8 To re-elect Amanda James as a director
| Ordinary | 108,890,381 | 99.51 | 540,933 | 0.49 | 109,431,314 | 74.41 | 48,188 |
9 To re-elect Michael Law as a director
| Ordinary | 108,967,226 | 99.58 | 463,597 | 0.42 | 109,430,823 | 74.41 | 48,679 |
10 To elect Michael Roney as a director
| Ordinary | 108,488,792 | 99.92 | 92,150 | 0.08 | 108,580,942 | 73.84 | 898,559 |
11 To re-elect Francis Salway as a director
| Ordinary | 109,061,016 | 99.66 | 369,451 | 0.34 | 109,430,467 | 74.41 | 49,035 |
12 To re-elect Jane Shields as a director
| Ordinary | 108,968,059 | 99.58 | 462,334 | 0.42 | 109,430,393 | 74.41 | 49,109 |
13 To re-elect Dame Dianne Thompson as a director
| Ordinary | 109,007,329 | 99.61 | 423,373 | 0.39 | 109,430,702 | 74.41 | 48,800 |
14 To re-elect Lord Wolfson as a director
| Ordinary | 108,968,010 | 99.58 | 464,501 | 0.42 | 109,432,511 | 74.42 | 46,991 |
15 To appoint PricewaterhouseCoopers LLP as auditor and authorise the directors to set their remuneration
| Ordinary | 109,316,280 | 99.94 | 63,785 | 0.06 | 109,380,065 | 74.38 | 99,436 |
16 Authority for the directors to amend the rules of the NEXT Long Term Incentive Plan
| Ordinary | 108,796,669 | 99.39 | 665,001 | 0.61 | 109,461,670 | 74.44 | 17,832 |
17 Directors' authority to allot shares
| Ordinary | 103,330,203 | 94.47 | 6,046,545 | 5.53 | 109,376,748 | 74.38 | 102,753 |
18 Authority to disapply pre-emption rights | Special | 109,116,676 | 99.69 | 340,206 | 0.31 | 109,456,882 | 74.43 | 22,620 |
19 Authority to disapply additional pre-emption rights
| Special | 103,069,338 | 94.16 | 6,388,333 | 5.84 | 109,457,671 | 74.43 | 21,830 |
20 Authority for on-market purchase of own shares
| Special | 107,862,705 | 98.54 | 1,601,914 | 1.46 | 109,464,619 | 74.44 | 14,883 |
212 Authority for off-market purchases of own shares | Special | 108,273,887 | 98.92 | 1,186,586 | 1.08 | 109,460,473 | 74.43 | 19,028 |
Less votes disregarded under the provisions of the Companies Act 2006 |
| (3,000,000)² |
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| (3,000,000)²
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Resolution 21 total |
| 105,273,887 | 98.89 | 1,186,586 | 1.11 | 106,460,473 | 72.39 |
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22 Increasing the Company's borrowing powers
| Special | 106,699,892 | 97.90 | 2,289,071 | 2.10 | 108,988,963 | 74.11 | 490,538 |
23 To authorise the calling of general meetings (other than Annual General Meetings) on 14 clear days' notice
| Special | 104,699,713 | 96.06 | 4,296,677 | 3.94 | 108,996,390 | 74.12 | 483,111 |
Note1: The 'Vote Withheld' option is provided to enable the shareholder to abstain on any resolution. It is not a vote in law and is not counted in the calculation of the proportion of votes for and against a resolution.
Note2: The total maximum number of Ordinary Shares which may be purchased by Next for cancellation pursuant to such contingent purchase contracts is 3.0 million. As explained in the Notice of Meeting, Next has disregarded 3.0 million votes from both the total number of votes cast in favour of the resolution and the total votes cast so that the voting of those shares did not affect the result of the poll.
In accordance with LR 9.6.2, a copy of resolutions passed as special business will be submitted as soon as practicable to the National Storage Mechanism and will be available shortly for inspection at http://www.morningstar.co.uk/uk/NSM