29 Mar 2017 15:30
29th March 2017
LEI: 213800WMV4WVES8TQH05
Classification: Additional regulated information required to be disclosed under the laws of a Member State
St. Modwen Properties PLC
("St. Modwen" or the "Company")
Result of Voting at 2017 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 Wednesday 29th March 2017. 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 16th February 2017 which is also available at www.stmodwen.co.uk.
A copy of the resolutions passed as special business (resolutions 16 to 22 inclusive) has been submitted to the National Storage Mechanism and will be available for inspection at www.morningstar.co.uk/uk/NSM.
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 | 175,450,303 | 99.99% | 15,338 | 0.01% | 175,465,641 | 79.08% | 538,863
|
2 | Directors' Remuneration Report (excluding policy section) | 135,483,900 | 94.84% | 7,377,481 | 5.16% | 142,861,381 | 64.39% | 33,143,122 |
3 | Directors' remuneration policy | 165,005,074 | 96.25% | 6,435,537 | 3.75% | 171,440,611 | 77.27% | 4,563,893 |
4 | Declaration of final dividend | 176,001,617 | 100.00% | 187 | 0.00% | 176,001,804 | 79.32% | 2,700 |
5 | Election of Mark Allan | 174,418,022 | 99.82% | 315,607 | 0.18% | 174,733,629 | 78.75% | 1,270,875 |
6 | Re-election of Ian Bull | 172,508,541 | 99.66% | 580,022 | 0.34% | 173,088,563 | 78.01% | 2,915,941 |
7 | Re-election of Steve Burke | RESOLUTION WITHDRAWN* | ||||||
8 | Re-election of Kay Chaldecott | 172,949,609 | 99.92% | 131,291 | 0.08% | 173,080,900 | 78.01% | 2,923,604 |
9 | Re-election of Simon Clarke | 174,414,142 | 99.82% | 319,487 | 0.18% | 174,733,629 | 78.75% | 1,270,875 |
10 | Re-election of Rob Hudson | 172,767,478 | 99.82% | 313,565 | 0.18% | 173,081,043 | 78.01% | 2,923,461 |
11 | Re-election of Lesley James | 170,327,978 | 97.48% | 4,405,651 | 2.52% | 174,733,629 | 78.75% | 1,270,875 |
12 | Re-election of Richard Mully | 172,799,703 | 99.84% | 280,140 | 0.16% | 173,079,843 | 78.01% | 2,924,661 |
13 | Re-election of Bill Shannon | 172,946,445 | 99.01% | 1,721,685 | 0.99% | 174,668,130 | 78.72% | 1,336,374 |
14 | Appointment of auditor | 175,928,813 | 99.97% | 61,129 | 0.03% | 175,989,942 | 79.32% | 14,562 |
15 | Auditor remuneration | 174,329,642 | 99.99% | 15,002 | 0.01% | 174,344,644 | 78.58% | 1,659,860 |
16 | 2017 Performance Share Plan | 164,292,956 | 96.75% | 5,513,978 | 3.25% | 169,806,934 | 76.53% | 6,197,570 |
17 | 2017 Employee Share Option Scheme | 170,904,791 | 99.98% | 31,657 | 0.02% | 170,936,448 | 77.04% | 5,068,056 |
18 | Authority to allot shares | 173,758,810 | 99.67% | 576,045 | 0.33% | 174,334,855 | 78.57% | 1,669,649 |
19 | Disapplication of pre-emption rights5 | 171,837,172 | 98.59% | 2,457,953 | 1.41% | 174,295,125 | 78.55% | 1,709,379 |
20 | Disapplication of pre-emption rights (additional 5%)5 | 168,697,086 | 96.79% | 5,588,039 | 3.21% | 174,258,125 | 78.55% | 1,709,379 |
21 | Authority to purchase own shares5 | 174,829,736 | 99.35% | 1,151,900 | 0.65% | 175,981,636 | 79.31% | 22,868 |
22 | Notice periods for general meetings5 | 164,657,895 | 94.45% | 9,674,199 | 5.55% | 174,332,094 | 78.57% | 1,672,409 |
* Resolution withdrawn following the passing of Steve Burke on 13th March 2017.
Notes:
1. Includes discretionary votes.
2. Percentages are rounded to two decimal places.
3. The number of ordinary shares in issue on 27th March 2017 was 221,876,988 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.