Last checked at 13 May 2020 12:30
13 May 2020
ROBERT WALTERS PLC
(the 'Company' or the 'Group')
RESULTS OF 2020 ANNUAL GENERAL MEETING
The Board announces that the Annual General Meeting of the Company was held this morning. All resolutions as set out in the Notice of Meeting dated 7 April 2020 were duly passed on a show of hands. For information, the results of the proxy voting are given below:
RESOLUTION | FOR | % | DISCRETION | % | AGAINST | % | WITHHELD
|
1. To receive the Annual Report and Accounts for the year ended 31 December 2019. | 61,845,737 | 99.99 | 0 | 0 | 6,952 | 0.01 | 154,196 |
2. To approve the Directors' Remuneration Report for the year ended 31 December 2019 (other than the part containing the Directors' Remuneration Policy). | 29,993,163 | 52.52 | 0 | 0 | 27,112,884 | 47.48 | 4,900,839 |
3. To approve the Directors' Remuneration Policy. | 60,100,257 | 96.93 | 0 | 0 | 1,903,372 | 3.07 | 3,256 |
4. To re-elect Carol Hui as a Director. | 62,001,891 | 99.99 | 0 | 0 | 3,751 | 0.01 | 1,244 |
5. To re-elect Robert Walters as a Director. | 61,849,753 | 99.97 | 0 | 0 | 16,159 | 0.03 | 140,974 |
6. To re-elect Alan Bannatyne as a Director. | 61,976,043 | 99.95 | 0 | 0 | 29,599 | 0.05 | 1,244 |
7. To re-elect Brian McArthur-Muscroft as a Director. | 55,145,562 | 88.94 | 0 | 0 | 6,860,080 | 11.06 | 1,244 |
8. To re-elect Tanith Dodge as a Director. | 54,629,965 | 88.1 | 0 | 0 | 7,375,677 | 11.9 | 1,244 |
9. To re-elect Steven Cooper as a Director. | 55,142,512 | 88.93 | 0 | 0 | 6,863,130 | 11.07 | 1,244 |
10. To re-appoint BDO LLP as Auditor. | 62,005,642 | 100 | 0 | 0 | 0 | 0 | 1,244 |
11. To authorise the Directors to fix the Auditor's remuneration. | 62,005,642 | 100 | 0 | 0 | 0 | 0 | 1,244 |
12. To authorise the Directors to allot shares pursuant to section 551 Companies Act 2006. | 61,906,926 | 99.84 | 0 | 0 | 97,295 | 0.16 | 2,665 |
13. To disapply section 561 Companies Act 2006. | 62,003,221 | 100 | 0 | 0 | 0 | 0 | 3,665 |
14. To authorise the Company to make purchases of its own shares. | 61,856,864 | 99.76 | 0 | 0 | 146,682 | 0.24 | 3,339 |
15. To call general meetings other than annual general meetings of the Company on not less than 14 clear days' notice. | 61,678,718 | 99.47 | 0 | 0 | 326,924 | 0.53 | 1,244 |
Tanith Dodge, Chairman of the Robert Walters Group Remuneration Committee, commented:
"The Group delivered record profits in 2019. We note the vote in respect of last year's remuneration report and the desire from a number of shareholders for the Group to refine disclosure levels moving forward.
The Group has been engaged in ongoing efforts to ensure there is an improved level of visibility year on year and we will strive to improve disclosure albeit also balanced against legitimate commercial concerns.
The Board will continue discussions with shareholders to ensure that views are fully understood and the Group will publish an update within six months of the Annual General Meeting.
As already announced, on 9 April, Executive Directors have taken a voluntary pay cut of 20% effective 1 April."
At the date of the meeting, there were 80,140,680 ordinary shares in issue.
A vote withheld is not a vote at law and has not been counted in the votes for and against.
In accordance with Listing Rule 9.6.2, a copy of all resolutions passed other than resolutions concerning ordinary business will shortly be submitted to the UK Listing Authority via the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
- Ends -
Further information
Robert Walters Group Robert Walters, Chief Executive Alan Bannatyne, Chief Financial Officer
| +44 20 7379 3333 |
Portland Communications Steffan Williams Simon Hamer
| +44 7767 345 563 |
About Robert Walters Group
The Robert Walters Group is a market-leading international specialist professional recruitment group with over 3,900 staff spanning 31 countries. We specialise in the placement of the highest calibre professionals across the disciplines of accountancy and finance, banking, engineering, HR, IT, legal, sales, marketing, secretarial and support and supply chain and procurement. Our client base ranges from the world's leading blue-chip corporates and financial services organisations through to SMEs and start-ups. The Group's outsourcing division, Resource Solutions is a market leader in recruitment process outsourcing and managed services.
www.robertwaltersgroup.com