Last checked at 26 May 2021 17:30
26 May 2021
SHERBORNE INVESTORS (GUERNSEY) C LIMITED
Results of Annual General Meeting
The board of Sherborne Investors (Guernsey) C Limited (the "Company") announces that, at the Annual General Meeting of the Company held today, 26 May 2021, all resolutions put to the meeting were approved by shareholders on a show of hands.
Details of the proxy votes lodged are set out below:
Ordinary Resolutions
| For | % | Against | % | Withheld |
1. To receive and adopt the Financial Statements of the Company for the year ended 31 December 2020
| 665,679,708 | 100.00 | 0 | 0.00 | 0 |
2. To approve the Annual Report on Remuneration
| 659,934,172 | 100.00 | 0 | 0.00 | 5,745,536 |
3. To re-elect Mr T Morgan as a Director
| 445,653,498 | 66.95 | 220,026,210 | 33.05 | 0 |
4. To re-elect Mr T Ash as a Director
| 451,409,428 | 67.81 | 214,270,280 | 32.19 | 0 |
5. To re-elect Mr C Legge as a Director
| 452,755,860 | 68.01 | 212,923,848 | 31.99 | 0 |
6. To re-elect Mr I Brindle as a Director
| 452,755,860 | 68.01 | 212,923,848 | 31.99 | 0 |
7. To re-appoint Deloitte LLP as Auditors of the Company
| 665,679,708 | 100.00 | 0 | 0.00 | 0 |
8. To authorise the Directors to fix the remuneration of the Auditors
| 665,679,708 | 100.00 | 0 | 0.00 | 0 |
Special Resolution
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9. To authorise the Company to make market purchases of its own shares
| 665,679,708 | 100.00 | 0 | 0.00 | 0 |
The full text of the resolutions may be found in the Notice of Annual General Meeting dated 5 May 2021 which is available on the Company's website www.sherborneinvestorsguernseyc.com. It has also been submitted to the National Storage Mechanism https://data.fca.org.uk/#/homepage***.
A copy of the Special Resolution passed at the Annual General Meeting is available on the Company's website www.sherborneinvestorsguernseyc.com and has been submitted to the National Storage Mechanism https://data.fca.org.uk/#/homepage***.
The views of our shareholders are important and the board notes the views expressed by some shareholders with respect to resolutions 3, 4, 5, and 6, including with respect to the potential independence of the Company's directors due to their participation on the board of another public company affiliated with the manager, Sherborne Investors (Guernsey) B Limited ("SIGB"). It is expected that SIGB will be wound down by the end of 2021, as a result of which these concerns will have been addressed. The board will engage with shareholders to understand the reasons behind this result.
* Includes discretionary votes received
** A vote withheld is not a vote in law and is not counted in the proportion of votes 'for' or 'against' a resolution
*** Neither the NSM website nor the Company's website nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement
-Ends-
Enquiries:
FTI Consulting +44 (0)20 3727 1000
Jonathon Brill
James Styles
Numis Securities Limited (Broker) +44 (0)20 7260 1000
David Benda
Nathan Brown
Sherborne Investors (Guernsey) C Limited +44 (0)14 8173 5827
Talmai Morgan (Chairman)
Nick Robilliard (Apex, Company Secretary)