Last checked at 23 May 2024 14:00
23 May 2024
Quilter plc
Result of Annual General Meeting 2024
Quilter plc (the "Company") announces that at its Annual General Meeting ("AGM") held earlier today, all the resolutions put to shareholders were passed by the requisite majorities. Resolutions 1 to 15 were passed as ordinary resolutions and resolutions 16 and 17 were passed as special resolutions.
The Company notes that more than 20% of the votes cast on resolution 15 ("To authorise political donations by the Company and its subsidiaries") were against that resolution.
The Company has actively engaged with our shareholders on this issue since Listing in 2018 and understand their concerns which reflect a difference in market practice for many of our South African shareholders. The Company will continue to engage with shareholders in accordance with the UK Corporate Governance Code and will provide an update on these discussions in due course.
The results of the poll are set out below.
| Resolution | Number of votes cast "For" the resolution | % of votes cast "For" the resolution | Number of votes cast "Against" the resolution | % of votes cast "Against" the resolution | Total number of votes cast | % of issued share capital voted | Number of votes Withheld |
1. | To receive the 2023 Report and Accounts | 1,070,505,053 | 100.00 | 11,416 | 0.00 | 1,070,516,469 | 76.24 | 2,765,673 |
2. | To approve the Remuneration Report (excluding the Directors' Remuneration Policy) | 1,042,122,729 | 97.13 | 30,842,412 | 2.87 | 1,072,965,141 | 76.42 | 317,021 |
3. | To declare a final dividend | 1,072,971,150 | 100.00 | 2,570 | 0.00 | 1,072,973,720 | 76.42 | 308,422 |
4. | To re-elect Neeta Atkar MBE as a Director | 1,064,021,974 | 99.17 | 8,926,893 | 0.83 | 1,072,948,867 | 76.42 | 331,777 |
5. | To re-elect Tim Breedon CBE as a Director | 1,063,919,943 | 99.16 | 9,034,396 | 0.84 | 1,072,954,339 | 76.42 | 326,305 |
6. | To re-elect Chris Hill as a Director | 1,072,905,907 | 100.00 | 48,433 | 0.00 | 1,072,954,340 | 76.42 | 326,304 |
7. | To re-elect Moira Kilcoyne as a Director | 1,072,934,326 | 100.00 | 18,065 | 0.00 | 1,072,952,391 | 76.42 | 328,253 |
8. | To re-elect Steven Levin as a Director | 1,072,938,704 | 100.00 | 15,399 | 0.00 | 1,072,954,103 | 76.42 | 326,541 |
9. | To re-elect Ruth Markland as a Director | 1,061,673,785 | 99.11 | 9,554,293 | 0.89 | 1,071,228,078 | 76.29 | 2,052,566 |
10. | To re-elect George Reid as a Director | 1,064,038,398 | 99.17 | 8,915,941 | 0.83 | 1,072,954,339 | 76.42 | 326,305 |
11.
| To re-elect Chris Samuel as a Director | 1,072,909,619 | 100.00 | 40,046 | 0.00 | 1,072,949,665 | 76.42 | 330,979 |
12. | To re-elect Mark Satchel as a Director | 1,072,935,218 | 100.00 | 17,459 | 0.00 | 1,072,952,677 | 76.42 | 327,967 |
13. | To re-appoint Pricewaterhouse-Coopers LLP as Auditor of the Company | 1,071,204,195 | 99.84 | 1,744,742 | 0.16 | 1,072,948,937 | 76.42 | 331,707 |
14. | To authorise the Board Audit Committee to determine the remuneration of the Auditor | 1,069,856,726 | 99.71 | 3,108,783 | 0.29 | 1,072,965,509 | 76.42 | 315,135 |
15. | To authorise political donations or expenditure by the Company and its subsidiaries | 780,449,542 | 72.74 | 292,508,264 | 27.26 | 1,072,957,806 | 76.42 | 324,336 |
16. | To authorise the Company to purchase its own shares* | 1,070,926,970 | 99.83 | 1,847,435 | 0.17 | 1,072,774,405 | 76.40 | 507,737 |
17. | To authorise the Company to enter into Contingent Purchase Contracts* | 1,071,022,750 | 99.84 | 1,747,641 | 0.16 | 1,072,770,391 | 76.40 | 511,751 |
*Special resolution
Notes:
i. As at 6:30pm on Tuesday 21 May 2024, the time by which shareholders who wanted to vote at the AGM must have been entered on the Company's register of members, the number of issued shares in the Company was 1,404,105,498 ordinary shares. In accordance with the Company's articles of association, on a poll every member present in person or by proxy had one vote for every share held.
ii. Votes withheld are not votes in law and therefore have not been counted in the calculation of the proportion of the votes for or against a resolution.
iii. All percentages are shown to two decimal places.
Pursuant to UK Listing Rule 9.6.2R, copies of all resolutions, other than those concerning ordinary business, passed at the AGM today will be submitted to and available for inspection at the National Storage Mechanism and will shortly be available to view at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The poll results will also be available shortly on the Company's website at plc.quilter.com/gm.
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Enquiries:
Investor Relations: John-Paul Crutchley
|
+44 (0)7741 385 251 |
Company Secretary: Clare Barrett |
+44 (0)207 002 7072
|
Camarco Geoffrey Pelham-Lane
|
+44 (0)20 3757 4985 |
About Quilter plc:
Quilter plc is a leading provider of financial advice, investments and wealth management, committed to being the UK's best wealth manager for clients and their advisers.
Quilter oversees £111.6 billion in customer investments (as at 31 March 2024).
It has an adviser and customer offering spanning financial advice, investment platforms, multi-asset investment solutions, and discretionary fund management.
The business is comprised of two segments: Affluent and High Net Worth.
Affluent encompasses the financial planning business, Quilter Financial Planning, the Quilter Investment Platform and Quilter Investors, the multi-asset investment solutions business.
High Net Worth includes the discretionary fund management business, Quilter Cheviot, together with Quilter Cheviot Financial Planning.