9 Feb 2018 15:07
Shaftesbury PLC
Results of AGM
At the Shaftesbury PLC (the "Company") Annual General Meeting held today, 9 February 2018, the resolutions set out below (with the exception of resolutions 17 and 18) were passed by Shareholders voting on a poll;
Resolution | For | Against | Withheld | Total |
1. To receive the accounts for the year ended 30 September 2017, and the reports of the directors and auditors and the Strategic report | 205,461,702 | 130,000 | 9,429 | 205,591,702 |
2. To approve the Annual Remuneration Report for the year ended 30 September 2017 | 195,395,694 | 9,126,268 | 1,079,168 | 204,521,962 |
3. To declare a final dividend | 205,040,533 | 330,000 | 230,598 | 205,370,533 |
4. To elect Richard Akers as a director | 204,941,927 | 652,585 | 6,619 | 205,594,512 |
5. To re-elect Jonathan Nicholls as a director | 204,291,064 | 1,305,448 | 4,619 | 205,596,512 |
6. To re-elect Brian Bickell as a director | 204,635,038 | 963,971 | 2,122 | 205,599,009 |
7. To re-elect Simon Quayle as a director | 204,602,334 | 994,178 | 4,619 | 205,596,512 |
8. To re-elect Thomas Welton as a director | 204,602,334 | 994,178 | 4,619 | 205,596,512 |
9. To re-elect Christopher Ward as a director | 204,561,331 | 1,035,181 | 4,619 | 205,596,512 |
10. To re-elect Jill Little as a director | 205,159,637 | 436,875 | 4,619 | 205,596,512 |
11. To re-elect Dermot Mathias as a director | 204,834,637 | 761,875 | 4,619 | 205,596,512 |
12. To re-elect Hilary Riva as a director | 205,159,411 | 437,101 | 4,619 | 205,596,512 |
13. To re-elect Sally Walden as a director | 204,537,800 | 459,444 | 603,887 | 204,997,244 |
14. To re-appoint Ernst & Young as auditors | 205,361,254 | 237,149 | 2,728 | 205,598,403 |
15. To authorise the directors to agree the remuneration of the auditors | 205,244,415 | 353,988 | 2,728 | 205,598,403 |
16. To authorise the directors to allot shares | 198,315,173 | 84,166,768 | 3,741 | 282,481,941 |
17. To grant the directors authority to disapply pre-emption rights (Special Resolution) | 204,131,857 | 77,315,548 | 1,038,277 | 281,447,405 |
18. To grant the directors authority to disapply pre-emption rights for an additional 5% only in connection with an acquisition or specified investment (Special Resolution) | 201,126,394 | 80,321,996 | 1,037,291 | 281,448,390 |
19. To authorise market purchases of the Company's shares (Special Resolution) | 204,124,461 | 1,388,388 | 88,281 | 205,512,849 |
20. To call a general meeting, other than an annual general meeting, on not less than 14 clear days' notice (Special Resolution) | 196,997,897 | 8,587,584 | 15,650 | 205,585,481 |
Notes
1. Percentage of shares voted: 91.93% (Number of shares in issue 307,290,263)
2. Vote withheld is not a vote in law and will not be counted in the calculation of the proportion of votes for and against a resolution.
3. Shaftesbury announced on 30 January 2018 that Mr Samuel Tak Lee, the ultimate beneficial owner of 25.02 per cent of the issued share capital of the Company, had notified the Company of his intention to vote against resolutions 16, 17 and 18 together with his reasons for doing so. As required by law, the Company circulated its response to Mr Lee's statement together with a copy of it to shareholders on 1 February 2018. At the Annual General Meeting Mr Lee, among others, voted against these resolutions. Resolution 16 was approved by shareholders but resolutions 17 and 18 were not carried.
Commenting on the results, Jonathan Nicholls, Chairman, said:
"Following the successful placing in December 2017, currently the Board does not anticipate the need to raise further equity for some time. Continuing investment in our portfolio will be funded using the remaining proceeds of the recent placing, existing, committed debt facilities and any new facilities which may be arranged in the future. The need to maintain a prudent balance between debt and equity, appropriate for a UK-listed company, is kept under constant review by the Board."
Penny Thomas
Company Secretary
020 7333 8118
9 February 2018