Last checked at 14 Apr 2016 15:59
14 April 2016
PERSIMMON PLC (THE 'COMPANY')
ANNUAL GENERAL MEETING RESULTS
At the Company's Annual General Meeting held on 14 April 2016 each of the resolutions set out in the Notice of Meeting dated 14 March 2016 was passed on a show of hands.
For information, a breakdown of proxy votes lodged prior to the meeting is available on the Company's website at http://corporate.persimmonhomes.com/investors/shareholder-information/meeting-information and a summary is set out below:-
Resolution | For | % For | Against | % Against | Total Votes | Votes Withheld | |
1 | Receive report and accounts | 201,222,626 | 98.73 | 2,439,521 | 1.20 | 203,812,993 | 377,953 |
2 | Approve Annual Report on Remuneration | 186,459,219 | 91.35 | 17,504,349 | 8.58 | 204,114,816 | 75,699 |
3 | Re-elect N Wrigley | 200,973,502 | 98.77 | 2,339,943 | 1.15 | 203,467,850 | 723,096 |
4 | Re-elect J Fairburn | 201,868,102 | 98.88 | 2,123,670 | 1.04 | 204,158,436 | 32,511 |
5 | Re-elect M Killoran | 200,873,039 | 98.39 | 3,131,984 | 1.53 | 204,159,448 | 31,499 |
6 | Re-elect D Jenkinson | 200,543,185 | 98.23 | 3,447,666 | 1.69 | 204,158,880 | 32,067 |
7 | Re-elect J Davie | 203,116,369 | 99.49 | 883,908 | 0.43 | 204,155,869 | 33,678 |
8 | Re-elect M Sears | 202,987,815 | 99.43 | 1,015,216 | 0.50 | 204,157,832 | 33,115 |
9 | Elect R Kentleton | 203,196,608 | 99.53 | 785,186 | 0.38 | 204,156,200 | 34,747 |
10 | Elect N Mills | 107,131,950 | 52.66 | 96,152,930 | 47.26 | 203,458,838 | 732,107 |
11 | Appoint auditor and authorise Directors to determine their remuneration | 203,983,121 | 99.91 | 16,544 | 0.01 | 204,161,439 | 29,508 |
12 | Authority to allot shares | 195,322,282 | 95.94 | 8,100,869 | 3.98 | 203,583,633 | 607,314 |
13 | Authority to disapply pre-emption rights | 196,189,124 | 98.12 | 3,598,326 | 1.80 | 199,949,331 | 4,231,615 |
14 | Authority to make market purchases of shares | 200,439,335 | 98.21 | 3,497,993 | 1.71 | 204,097,404 | 83,542 |
15 | Calling of a general meeting on not less than 14 days notice | 177,914,713 | 87.69 | 24,808,714 | 12.23 | 202,884,794 | 1,296,151 |
The Board notes the significant vote against the election of Nigel Mills as a Non-Executive Director and is aware that it is as a result of a proxy advisory service recommending that Shareholders vote against his election, as they do not regard him as being independent. The Board strongly believes that Mr Mills is independent and his appointment is in line with the provisions of the UK Corporate Governance Code. He has not worked on the Company's business in the last three years and has no other business relationships which would compromise his independence. Nevertheless given the significant minority who have voted against the resolution the Chairman intends to meet shareholders to discuss this issue with them.
Copies of the resolutions dealing with special business passed at the Annual General Meeting have been sent to the National Storage Mechanism and will shortly be available for inspection.
G N Francis
Group Company Secretary
Notes:
(i) Discretionary votes representing less than 0.1% of the votes cast were also received on each resolution.
(ii) A "vote withheld" is not a vote in law and is not counted in the total number of votes cast on a resolution or in the calculation of the percentages of the votes cast for or against a resolution.
(iii) Resolutions 1-12 were ordinary resolutions and resolutions 13-15 were special resolutions.
(iv) The issued share capital of the Company on 14 April 2016 was 307,681,943 ordinary shares.