Last checked at 26 May 2022 13:43
26 May 2022
Prudential plc
Results of Annual General Meeting held on 26 May 2022
Prudential plc (the "Company") announces that at its Annual General Meeting ("AGM") held earlier today, Resolutions 1 to 19 (inclusive) and 22 as ordinary resolutions together with Resolutions 20, 21, 23 and 24 as special resolutions, were duly passed and the results of the polls are as follows:
RESOLUTION | VOTES FOR | % OF VOTES CAST | VOTES AGAINST | % OF VOTES CAST | VOTES CAST IN TOTAL | TOTAL VOTES CAST AS A % OF ISSUED SHARE CAPITAL | VOTES WITHHELD | |
1 | To receive and consider the 2021 Accounts, Strategic Report, Directors' Remuneration Report, Directors' Report and the Auditor's Report | 2,203,620,712 | 99.96 | 809,717 | 0.04 | 2,204,430,429 | 80.18% | 16,602,376 |
2 | To approve the Directors' Remuneration Report | 2,015,901,709 | 93.09 | 149,605,401 | 6.91 | 2,165,507,110 | 78.77% | 55,524,844 |
3 | To elect George Sartorel as a Director | 2,217,946,125 | 99.89 | 2,477,228 | 0.11 | 2,220,423,353 | 80.76% | 604,975 |
4 | To re-elect Shriti Vadera as a Director | 2,178,580,374 | 98.11 | 41,865,054 | 1.89 | 2,220,445,428 | 80.76% | 583,005 |
5 | To re-elect Jeremy Anderson as a Director | 2,212,482,620 | 99.64 | 7,950,258 | 0.36 | 2,220,432,878 | 80.76% | 595,555 |
6 | To re-elect Mark FitzPatrick as a Director | 2,218,149,838 | 99.90 | 2,303,237 | 0.10 | 2,220,453,075 | 80.76% | 575,358 |
7 | To re-elect Chua Sock Koong as a Director | 2,171,228,957 | 97.84 | 47,896,293 | 2.16 | 2,219,125,250 | 80.72% | 1,902,883 |
8 | To re-elect David Law as a Director | 2,194,204,576 | 98.82 | 26,240,024 | 1.18 | 2,220,444,600 | 80.76% | 583,833 |
9 | To re-elect Ming Lu as a Director | 2,182,677,953 | 98.30 | 37,760,710 | 1.70 | 2,220,438,663 | 80.76% | 589,770 |
10 | To re-elect Philip Remnant as a Director | 2,146,063,015 | 96.65 | 74,381,742 | 3.35 | 2,220,444,757 | 80.76% | 583,676 |
11 | To re-elect James Turner as a Director | 2,211,389,734 | 99.59 | 9,063,239 | 0.41 | 2,220,452,973 | 80.76% | 575,460 |
12 | To re-elect Tom Watjen as a Director | 2,212,806,078 | 99.66 | 7,648,981 | 0.34 | 2,220,455,059 | 80.76% | 573,374 |
13 | To re-elect Jeanette Wong as a Director | 2,212,416,624 | 99.64 | 8,036,471 | 0.36 | 2,220,453,095 | 80.76% | 575,338 |
14 | To re-elect Amy Yip as a Director | 2,212,377,505 | 99.64 | 8,049,257 | 0.36 | 2,220,426,762 | 80.76% | 601,671 |
15 | To reappoint KPMG LLP as the Company's auditor | 2,060,354,646 | 93.23 | 149,552,978 | 6.77 | 2,209,907,624 | 80.38% | 11,124,330 |
16 | To authorise the Audit Committee to determine the amount of the auditor's remuneration | 2,172,186,266 | 98.29 | 37,804,301 | 1.71 | 2,209,990,567 | 80.38% | 11,041,387 |
17 | To renew the authority to make political donations | 2,114,691,901 | 95.22 | 106,177,593 | 4.78 | 2,220,869,494 | 80.78% | 162,460 |
18 | To renew the authority to allot ordinary shares | 2,043,787,284 | 92.06 | 176,313,260 | 7.94 | 2,220,100,544 | 80.75% | 753,375 |
19 | To renew the extension of authority to allot ordinary shares to include repurchased shares | 2,124,388,782 | 95.67 | 96,061,792 | 4.33 | 2,220,450,574 | 80.76% | 581,380 |
20 | To renew the authority for disapplication of pre-emption rights+ | 2,129,436,275 | 96.16 | 85,118,898 | 3.84 | 2,214,555,173 | 80.55% | 6,476,781 |
21 | To renew the authority for disapplication of pre-emption rights for purposes of acquisitions or specified capital investments+ | 2,099,531,727 | 94.80 | 115,119,621 | 5.20 | 2,214,651,348 | 80.55% | 6,382,531 |
22 | To renew the Prudential International Savings-Related Share Option Scheme for Non-Employees | 2,198,822,640 | 99.04 | 21,228,859 | 0.96 | 2,220,051,499 | 80.75% | 982,080 |
23 | To renew the authority for purchase of own shares+ | 2,189,193,455 | 98.72 | 28,340,957 | 1.28 | 2,217,534,412 | 80.66% | 3,499,167 |
24 | To renew the authority in respect of notice for general meetings+ | 2,037,515,936 | 92.81 | 157,869,803 | 7.19 | 2,195,385,739 | 79.85% | 25,648,140 |
+ Special resolution
The full text of Resolutions 17 to 23 (inclusive) is set out in the Notice of Annual General Meeting and explanation of business dated 22 April 2022.
Anthony Nightingale and Alice Schroeder did not stand for re-election as Non-Executive Directors of the Company, and retired from the Board with effect from the conclusion of the AGM.
As at 10.00am UK time/ 5.00pm Hong Kong/Singapore time on 24 May 2022, the number of issued shares of the Company was 2,749,306,856 ordinary shares, which was the total number of shares entitling the holders to attend and vote for or against all of the resolutions at the AGM. In accordance with the Company's Articles of Association, on a poll every member present in person or by proxy has one vote for every share held.
There were no restrictions on shareholders to cast votes on any of the resolutions proposed at the AGM, save for the Directors (excluding independent non-executive directors) and their respective associates who were required to abstain, and have abstained from voting on Resolution 18 which affected a total of 398,485 voting rights. Votes withheld are not votes in law and therefore have not been counted in the calculation of the proportion of the votes for and against a resolution. Proxy appointments which gave discretion to the Chair have been included in the total of votes 'for' the respective resolutions. The scrutineer of the poll was Equiniti Financial Services Limited, the Company's Share Registrar.
All Directors of the Company attended the AGM, with Shriti Vadera, Jeremy Anderson, Chua Sock Koong, Mark FitzPatrick, David Law, Alice Schroeder, James Turner and Tom Watjen attending in person, while Ming Lu, Anthony Nightingale, Philip Remnant, George Sartorel, Jeanette Wong and Amy Yip joined the AGM electronically.
Pursuant to Listing Rule 9.6.2 of the UK Listing Rules, a copy of all resolutions, other than those concerning ordinary business, passed at the AGM on 26 May 2022, will shortly be available to view on the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Additional Information:
About Prudential plc
Prudential plc provides life and health insurance and asset management in Asia and Africa. The business helps people get the most out of life, by making healthcare affordable and accessible and by promoting financial inclusion. Prudential protects people's wealth, helps them grow their assets, and empowers them to save for their goals. The business has more than 18 million life customers and is listed on stock exchanges in London (PRU), Hong Kong (2378), Singapore (K6S) and New York (PUK). Prudential is not affiliated in any manner with Prudential Financial, Inc. a company whose principal place of business is in the United States of America, nor with The Prudential Assurance Company Limited, a subsidiary of M&G plc, a company incorporated in the United Kingdom. https://www.prudentialplc.com/
Contact:
Sylvia Edwards , Deputy Group Secretary, +44 (0)20 3977 9214
Tom Clarkson, Company Secretary, +44 (0)20 3977 9974