Last checked at 14 May 2015 14:05
Contacts: | Alistair Mackinnon-Musson | |
Rowbell PR | Tel: 020 7717 5239 | |
Email: next@rowbellpr.com | ||
Photographs: | Photographs available at: http://press.next.co.uk/media/company-images/campaignimages.aspx | |
NEXT PLC
Results of 2015 Annual General Meeting ("AGM")
The Board of Next plc is pleased to announce that at the AGM of Next shareholders held on 14 May 2015 all resolutions as set out in the Notice of Meeting contained in the Annual Report and Accounts for the year ended 24 January 2015 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 12 May 2015, being those eligible to be voted on at the AGM, was 152,873,556.
For | Against | TOTAL VOTES CAST | % of shares on register at 6pm 12 May 2015 | 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 | 102,118,490 | 99.23 | 791,527 | 0.77 | 102,910,017 | 67.32 | 223,787 |
2. To approve the Remuneration Report | Ordinary | 99,473,354 | 98.22 | 1,801,516 | 1.78 | 101,274,870 | 66.25 | 1,858,931 |
3. To declare a final dividend of 100p per share | Ordinary | 102,915,817 | 100.00 | 731 | 0.00 | 102,916,548 | 67.32 | 217,256 |
4. To re-elect John Barton as a director | Ordinary | 99,048,006 | 96.74 | 3,340,826 | 3.26 | 102,388,832 | 66.98 | 744,970 |
5. To re-elect Steve Barber as a director | Ordinary | 102,573,942 | 99.67 | 340,946 | 0.33 | 102,914,888 | 67.32 | 218,916 |
6. To re-elect Caroline Goodall as a director | Ordinary | 102,728,098 | 99.82 | 186,096 | 0.18 | 102,914,194 | 67.32 | 219,610 |
7. To elect Amanda James as a director | Ordinary | 102,550,411 | 99.65 | 360,619 | 0.35 | 102,911,030 | 67.32 | 222,774 |
8. To re-elect Michael Law as a director | Ordinary | 102,275,839 | 99.38 | 638,267 | 0.62 | 102,914,106 | 67.32 | 219,698 |
9. To re-elect Francis Salway as a director | Ordinary | 102,727,172 | 99.82 | 187,274 | 0.18 | 102,914,446 | 67.32 | 219,358 |
10. To re-elect Jane Shields as a director | Ordinary | 102,229,421 | 99.34 | 682,721 | 0.66 | 102,912,142 | 67.32 | 221,662 |
11. To elect Dame Dianne Thompson as a director | Ordinary | 102,886,318 | 99.98 | 24,660 | 0.02 | 102,910,978 | 67.32 | 222,826 |
12. To re-elect Lord Wolfson as a director | Ordinary | 102,595,561 | 99.69 | 319,242 | 0.31 | 102,914,803 | 67.32 | 219,001 |
13. To re-appoint Ernst & Young LLP as auditor and authorise the directors to set their remuneration | Ordinary | 100,599,474 | 97.77 | 2,293,852 | 2.23 | 102,893,326 | 67.31 | 240,476 |
14. To authorise the NEXT Long Term Incentive Plan | Ordinary | 99,820,341 | 97.04 | 3,047,184 | 2.96 | 102,867,525 | 67.29 | 266,277 |
15. Directors' authority to allot shares | Ordinary | 100,412,602 | 97.77 | 2,286,434 | 2.23 | 102,699,036 | 67.18 | 434,768 |
16. Authority to disapply pre-emption rights | Special | 102,401,962 | 99.50 | 510,189 | 0.50 | 102,912,151 | 67.32 | 221,653 |
17. Authority for on-market purchase of own shares | Special | 101,868,762 | 98.98 | 1,046,573 | 1.02 | 102,915,335 | 67.32 | 218,469 |
182. Authority to enter into Programme Agreements with each of Goldman Sachs, UBS AG, Deutsche Bank AG, HSBC Bank plc and Barclays Bank plc
Less votes disregarded under the provisions of the Companies Act 2006
Resolution 18 total | Special | 100,566,570
(3,000,000)²
97,566,570 | 97.74
97.68 | 2,320,245
2,320,245 | 2.26
2.26 | 102,886,815
(3,000,000)²
99,886,815 | 67.30
65.34 | 246,989
246,989 |
19. To authorise the calling of general meeting (other than annual general meetings) on 14 clear days' notice | Special | 92,629,964 | 90.27 | 9,986,386 | 9.73 | 102,616,350 | 67.12 | 517,451 |
Note[1]: 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.hemscott.com/nsm.do.