Last checked at 12 May 2021 17:49
12 May 2021
TP ICAP Group plc
Result of Annual General Meeting
The Annual General Meeting of TP ICAP Group plc (the "Company") was held on Wednesday 12 May 2021. All resolutions put to the members were passed on a poll. Accordingly, resolutions 1 to 18 were passed as ordinary resolutions and resolutions 19 to 23 were passed as special resolutions.
Resolutions | For | Against | Votes Total | % of ISC Voted | Votes Withheld | |||
|
| Number | % | Number | % | Number | % | Number |
1 | To receive on an advisory basis the Annual Report and Accounts for TP ICAP Limited (formerly TP ICAP plc) for the year ended 31 December 2020 | 691,898,965 | 100.00 | 1,968 | 0.00 | 691,900,933 | 87.73 | 555,911 |
2 | To receive the Annual Report and accounts for TP ICAP Group plc for the period from incorporation to 31 December 2020
| 691,898,965 | 100.00 | 1,968 | 0.00 | 691,900,933 | 87.73 | 555,911 |
3 | To approve the Report of the Remuneration Committee of TP ICAP Limited (formerly TP ICAP plc) for the financial year ended 31 December 2020
| 387,914,751 | 56.60 | 297,426,216 | 43.40 | 685,340,967 | 86.90 | 7,115,877 |
4 | To declare a final dividend of 2p per ordinary share
| 692,454,633 | 100.00 | 1,968 | 0.00 | 692,456,601 | 87.80 | 243 |
5 | To elect Richard Berliand as a Director
| 682,610,433 | 99.79 | 1,433,160 | 0.21 | 684,043,593 | 86.73 | 8,413,251 |
6 | To elect Nicolas Breteau as a Director
| 692,323,754 | 99.98 | 118,803 | 0.02 | 692,442,557 | 87.80 | 14,287 |
7 | To elect Kath Cates as a Director
| 619,967,367 | 89.53 | 72,468,949 | 10.47 | 692,436,316 | 87.80 | 20,528 |
8 | To elect Tracy Clarke as a Director
| 692,431,915 | 100.00 | 6,642 | 0.00 | 692,438,557 | 87.80 | 18,287 |
9 | To elect Angela Crawford-Ingle as a Director
| 691,541,295 | 99.87 | 895,021 | 0.13 | 692,436,316 | 87.80 | 20,528 |
10 | To elect Michael Heaney as a Director
| 661,839,546 | 95.58 | 30,603,011 | 4.42 | 692,442,557 | 87.80 | 14,287 |
11 | To elect Mark Hemsley as a Director
| 691,152,894 | 99.81 | 1,289,663 | 0.19 | 692,442,557 | 87.80 | 14,287 |
12 | To elect Edmund Ng as a Director
| 661,840,363 | 95.58 | 30,602,194 | 4.42 | 692,442,557 | 87.80 | 14,287 |
13 | To elect Philip Price as a Director
| 691,928,814 | 99.93 | 513,743 | 0.07 | 692,442,557 | 87.80 | 14,287 |
14 | To elect Robin Stewart as a Director
| 691,691,279 | 99.89 | 751,278 | 0.11 | 692,442,557 | 87.80 | 14,287 |
15 | To re-appoint Deloitte LLP as auditors of the Company
| 661,815,940 | 95.58 | 30,636,955 | 4.42 | 692,452,895 | 87.80 | 3,949 |
16 | To authorise the Audit Committee to fix the auditors' remuneration
| 682,901,878 | 98.62 | 9,540,679 | 1.38 | 692,442,557 | 87.80 | 14,287 |
17 | To authorise the Company to make political donations
| 679,620,965 | 98.15 | 12,831,345 | 1.85 | 692,452,310 | 87.80 | 4,534 |
18 | To authorise the Directors to allot shares
| 613,971,043 | 88.67 | 78,467,521 | 11.33 | 692,438,564 | 87.80 | 18,280 |
19 | Disapplication of pre-emption rights
| 619,953,980 | 89.53 | 72,495,629 | 10.47 | 692,449,609 | 87.80 | 7,235 |
20 | Additional authority to disapply pre-emption rights
| 588,086,496 | 84.93 | 104,363,113 | 15.07 | 692,449,609 | 87.80 | 7,235 |
21 | Authority to purchase own shares
| 677,667,581 | 97.89 | 14,610,089 | 2.11 | 692,277,670 | 87.78 | 179,174 |
22 | Authority to hold treasury shares pursuant to Article 58A of the Companies (Jersey) Law 1991
| 692,266,171 | 100.00 | 7,634 | 0.00 | 692,273,805 | 87.78 | 183,039 |
23 | Authority to call a general meeting (other than an AGM) on not less than 14 clear days' notice
| 679,090,418 | 98.07 | 13,364,739 | 1.93 | 692,455,157 | 87.80 | 1,687 |
Notes:
1. The full text of all the resolutions passed at the AGM can be obtained from the Notice of AGM which is available on the Company's website at www.tpicap.com
2. Votes withheld are not votes in law and have therefore not been counted in the calculation of percentage of votes for or against a resolution.
3. Number of shares in issue:788,670,932
Resolution 3 - Approval of the Remuneration Report
The Board has noted the significant minority of our shareholders who have voted against resolution 3, the Remuneration Report. In accordance with the UK Corporate Governance Code, TP ICAP will respond more fully on the views received from shareholders in due course. As set out in our 2020 Annual Report, TP ICAP will be consulting with its shareholders on a new Remuneration Policy with the intention of bringing it to an Extraordinary General Meeting in the autumn 2021.
As previously announced, Roger Perkin and Angela Knight retired as members of the TP ICAP Group plc Board at the conclusion of the Annual General Meeting.
In accordance with Listing Rule 9.6.2, a copy of the resolutions passed as special business will shortly be available for inspection at the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Richard Cordeschi, Group Company Secretary
Direct: +44 (0)20 7200 7331
email: richard.cordeschi@tpicap.com
-Ends-