29 Mar 2019 15:30
29 March 2019
St. Modwen Properties PLC
("St. Modwen" or the "Company")
Result of Voting at 2019 Annual General Meeting
St. Modwen announces that all resolutions were passed by the requisite majorities on a poll at the Company's Annual General Meeting held on Friday 29 March 2019. The results of the poll incorporating proxy votes lodged in advance of the meeting are set out below and will be published on the Company's website www.stmodwen.co.uk. The full text of the resolutions is set out in the Notice of Meeting dated 22 February 2019 which is also available at www.stmodwen.co.uk.
A copy of the resolutions passed as special business (resolutions 13 to 17 inclusive) has been submitted to the National Storage Mechanism and will be available for inspection at www.morningstar.co.uk.
Resolution | Votes For 1 | % Votes For 1,2 | Votes Against | % Votes Against 2 | Total Votes Validly Cast | % of Issued Share Capital Voted 2,3 | Votes Withheld 4 | |
1 | Annual Report and Accounts | 173,814,320 | 99.98% | 40,479 | 0.02% | 173,854,799 | 78.18% | 144,953 |
2 | Directors' Remuneration Report (excluding policy section) | 171,586,466 | 98.63% | 2,374,785 | 1.37% | 173,961,251 | 78.23% | 38,501 |
3 | Declaration of final dividend | 173,991,617 | 100.00% | 1,787 | 0.00% | 173,993,404 | 78.24% | 6,349 |
4 | Election of Danuta Gray | 173,437,907 | 99.68% | 553,132 | 0.32% | 173,991,039 | 78.24% | 8,713 |
5 | Re-election of Mark Allan | 173,518,406 | 99.73% | 471,558 | 0.27% | 173,989,964 | 78.24% | 9,789 |
6 | Re-election of Ian Bull | 173,553,143 | 99.75% | 436,821 | 0.25% | 173,989,964 | 78.24% | 9,789 |
7 | Re-election of Simon Clarke | 173,478,121 | 99.71% | 513,043 | 0.29% | 173,991,164 | 78.24% | 8,589 |
8 | Re-election of Jenefer Greenwood | 173,549,917 | 99.75% | 440,523 | 0.25% | 173,990,440 | 78.24% | 9,313 |
9 | Re-election of Jamie Hopkins | 173,549,768 | 99.75% | 440,196 | 0.25% | 173,989,964 | 78.24% | 9,789 |
10 | Re-election of Rob Hudson | 173,270,891 | 99.59% | 719,073 | 0.41% | 173,989,964 | 78.24% | 9,789 |
11 | Re-appointment of auditor | 173,930,206 | 99.99% | 15,640 | 0.01% | 173,945,846 | 78.22% | 53,907 |
12 | Auditor remuneration | 173,969,958 | 99.99% | 10,807 | 0.01% | 173,980,765 | 78.24% | 18,988 |
13 | Authority to allot shares | 173,346,331 | 99.64% | 632,204 | 0.36% | 173,978,535 | 78.24% | 21,218 |
14 | Disapplication of pre-emption rights5 | 173,168,389 | 99.56% | 758,328 | 0.44% | 173,926,717 | 78.21% | 44,136 |
15 | Disapplication of pre-emption rights (additional 5%)5 | 167,548,880 | 96.34% | 6,373,201 | 3.66% | 173,922,081 | 78.21% | 48,771 |
16 | Authority to purchase own shares5 | 173,046,653 | 99.55% | 777,074 | 0.45% | 173,823,727 | 78.17% | 147,125 |
17 | Notice periods for general meetings5 | 166,622,074 | 95.78% | 7,334,298 | 4.22% | 173,956,372 | 78.23% | 14,481 |
Notes:
1. Includes discretionary votes.
2. Percentages are rounded to two decimal places.
3. The number of ordinary shares in issue on 28 March 2019 was 222,376,988 with each share carrying the right to one vote.
4. A vote withheld is not a vote in law and is not counted in the calculation of the percentage of votes for or against a resolution.
5. Special resolution requiring a 75% majority.
LEI: 213800WMV4WVES8TQH05