Last checked at 23 May 2024 12:32
23 May 2024
Prudential plc
Results of Annual General Meeting held on 23 May 2024
Prudential plc (the "Company") announces that at its Annual General Meeting ("AGM") held earlier today, Resolutions 1 to 19 (inclusive) and Resolution 23 were duly passed as ordinary resolutions and Resolutions 20 to 22 (inclusive) and Resolution 24 were duly passed as special resolutions. 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 Accounts for the financial year ended 31 December 2023 together with the Strategic Report, Directors' Remuneration Report, Directors' Report and the Auditor's Report (the '2023 Annual Report') | 2,155,386,575 | 99.52 | 10,353,464 | 0.48 | 2,165,740,039 | 78.74 | 22,814,337 |
2 | To approve the Directors' Remuneration Report for the year ended 31 December 2023 | 2,012,309,502 | 92.31 | 167,583,638 | 7.69 | 2,179,893,140 | 79.26 | 8,661,245 |
3 | To elect Mark Saunders as a Director of the Company | 2,185,509,064 | 99.93 | 1,532,118 | 0.07 | 2,187,041,182 | 79.52 | 1,513,194 |
4 | To re-elect Shriti Vadera as a Director of the Company | 2,131,377,635 | 97.46 | 55,632,328 | 2.54 | 2,187,009,963 | 79.52 | 1,544,413 |
5 | To re-elect Anil Wadhwani as a Director of the Company | 2,185,076,562 | 99.91 | 1,927,890 | 0.09 | 2,187,004,452 | 79.52 | 1,549,924 |
6 | To re-elect Jeremy Anderson as a Director of the Company | 2,183,854,066 | 99.85 | 3,185,592 | 0.15 | 2,187,039,658 | 79.52 | 1,514,718 |
7 | To re-elect Arijit Basu as a Director of the Company | 2,183,755,662 | 99.85 | 3,278,876 | 0.15 | 2,187,034,538 | 79.52 | 1,519,838 |
8 | To re-elect Chua Sock Koong as a Director of the Company | 2,099,827,184 | 96.86 | 68,152,445 | 3.14 | 2,167,979,629 | 78.82 | 20,574,747 |
9 | To re-elect Ming Lu as a Director of the Company | 2,090,542,730 | 95.98 | 87,510,192 | 4.02 | 2,178,052,922 | 79.19 | 10,501,464 |
10 | To re-elect George Sartorel as a Director of the Company | 2,182,750,378 | 99.80 | 4,281,183 | 0.20 | 2,187,031,561 | 79.52 | 1,522,815 |
11 | To re-elect Claudia Suessmuth Dyckerhoff as a Director of the Company | 2,168,165,238 | 99.14 | 18,868,196 | 0.86 | 2,187,033,434 | 79.52 | 1,520,942 |
12 | To re-elect Jeanette Wong as a Director of the Company | 2,174,420,194 | 99.84 | 3,510,448 | 0.16 | 2,177,930,642 | 79.19 | 10,623,733 |
13 | To re-elect Amy Yip as a Director of the Company | 2,183,800,021 | 99.85 | 3,238,180 | 0.15 | 2,187,038,201 | 79.52 | 1,516,175 |
14 | To re-appoint Ernst & Young LLP as the Company's auditor until the conclusion of the next general meeting at which the Company's account are laid | 2,146,022,942 | 98.12 | 41,210,612 | 1.88 | 2,187,233,554 | 79.52 | 1,320,831 |
15 | To authorise the Company's Audit Committee, on behalf of the Board, to determine the amount of the auditor's remuneration | 2,163,832,482 | 98.93 | 23,390,074 | 1.07 | 2,187,222,556 | 79.52 | 1,331,830 |
16 | To renew the authority to make political donations | 2,142,188,032 | 98.60 | 30,424,848 | 1.40 | 2,172,612,880 | 78.99 | 15,941,496 |
17 | To renew the authority to allot ordinary shares | 2,024,912,744 | 92.59 | 162,052,785 | 7.41 | 2,186,965,529 | 79.51 | 1,565,355 |
18 | To renew the extension of authority to allot ordinary shares to include repurchased shares | 2,084,653,784 | 95.63 | 95,326,036 | 4.37 | 2,179,979,820 | 79.26 | 8,574,566 |
19 | To renew the authority to allot preference shares | 2,162,114,157 | 98.85 | 25,084,964 | 1.15 | 2,187,199,121 | 79.52 | 1,355,254 |
20 | To renew the authority for disapplication of pre-emption rights* | 2,100,271,584 | 96.35 | 79,671,690 | 3.65 | 2,179,943,274 | 79.26 | 8,611,112 |
21 | To renew the authority for disapplication of pre-emption rights for purposes of acquisitions or specified capital investments* | 2,079,025,628 | 95.37 | 100,913,281 | 4.63 | 2,179,938,909 | 79.26 | 8,615,436 |
22 | To renew the authority for purchase of own shares* | 2,158,732,071 | 98.90 | 24,010,487 | 1.10 | 2,182,742,558 | 79.36 | 5,811,776 |
23 | To authorise the Directors to allot ordinary shares instead of cash in respect of any dividend paid | 2,170,137,626 | 99.22 | 17,054,755 | 0.78 | 2,187,192,381 | 79.52 | 1,361,954 |
24 | To renew the authority in respect of notice for general meetings* | 2,087,928,802 | 95.46 | 99,208,912 | 4.54 | 2,187,137,714 | 79.52 | 1,416,630 |
*Special resolution
The full text of Resolutions 16 to 24 (inclusive) is set out in the Notice of Annual General Meeting and explanation of business dated 22 April 2024.
As at 6.30pm UK time/ 4.30pm Hong Kong/Singapore time on 21 May 2024, the number of issued shares of the Company was 2,750,427,994 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 17 which affected a total of 281,442 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 UK Share Registrar.
All Directors of the Company attended the AGM in person except Claudia Suessmuth Dyckerhoff, who joined the AGM electronically.
As announced on 25 January 2024, David Law did not stand for re-election as a Non-executive Director of Prudential plc and retired from the Board with effect from the conclusion of today's AGM. Shriti Vadera joined the Remuneration Committee from the conclusion of the AGM.
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 23 May 2024, 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 24 markets across Asia and Africa. Prudential's mission is to be the most trusted partner and protector for this generation and generations to come, by providing simple and accessible financial and health solutions. The business has dual primary listings on the Stock Exchange of Hong Kong (2378) and the London Stock Exchange (PRU). It also has a secondary listing on the Singapore Stock Exchange (K6S) and a listing on the New York Stock Exchange (PUK) in the form of American Depositary Receipts. It is a constituent of the Hang Seng Composite Index and is also included for trading in the Shenzhen-Hong Kong Stock Connect programme and the Shanghai-Hong Kong Stock Connect programme.
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:
Tom Clarkson, Company Secretary, +44 (0)20 3977 9172
Sylvia Edwards , Deputy Group Secretary, +44 (0)20 3977 9214