15 May 2018 16:01
UBM plc
Results of Annual General Meeting
15 May 2018
At the Annual General Meeting of UBM plc held on 15 May 2018 all resolutions put to shareholders were duly passed.
Voting was conducted by poll and the final votes received in respect of each resolution put to the meeting are as follows:
Resolution |
For (including votes to be cast at chairman's discretion)
|
Votes for (%) |
Votes against |
Votes against (%) |
Total Votes |
Votes cast as % of Issued Share Capital |
Votes Withheld | |
1 | To receive and adopt the 2017 Annual Report and Accounts | 243,106,579 | 100.00 | 3,533 | 0.00 | 243,110,112 | 61.69% | 360 |
2 | To approve the Directors' Remuneration Report | 236,238,044 | 97.18 | 6,857,054 | 2.82 | 243,095,098 | 61.68% | 15,374 |
3 | To approve a final dividend of 18.0p per Ordinary share | 243,109,665 | 100.00 | 587 | 0.00 | 243,110,252 | 61.69% | 220 |
4 | To re-appoint Ernst & Young LLP as the Company's Auditor | 240,297,448 | 98.84 | 2,808,462 | 1.16 | 243,105,910 | 61.69% | 4,562 |
5 | To authorise the Directors to determine the remuneration of the Auditor | 243,069,367 | 99.99 | 35,723 | 0.01 | 243,105,090 | 61.69% | 5,382 |
6 | To re-elect Tim Cobbold as a Director | 243,035,089 | 99.99 | 36,338 | 0.01 | 243,071,427 | 61.68% | 39,045 |
7 | To re-elect Greg Lock as a Director | 239,188,232 | 98.40 | 3,883,973 | 1.60 | 243,072,205 | 61.68% | 38,267 |
8 | To re-elect John McConnell as a Director | 242,043,787 | 99.58 | 1,028,231 | 0.42 | 243,072,018 | 61.68% | 38,454 |
9 | To re-elect Mary McDowell as a Director | 243,062,162 | 100.00 | 10,144 | 0.00 | 243,072,306 | 61.68% | 38,166 |
10 | To re-elect Terry Neill as a Director | 243,056,154 | 99.99 | 16,052 | 0.01 | 243,072,206 | 61.68% | 38,266 |
11 | To re-elect Trynka Shineman as a Director | 243,058,914 | 99.99 | 13,392 | 0.01 | 243,072,306 | 61.68% | 38,166 |
12 | To re-elect David Wei as a Director | 226,019,064 | 93.36 | 16,070,725 | 6.64 | 242,089,789 | 61.43% | 1,020,683 |
13 | To re-elect Marina Wyatt as a Director | 241,633,039 | 99.41 | 1,439,267 | 0.59 | 243,072,306 | 61.68% | 38,166 |
14 | To elect Warren Finegold as a Director | 243,060,432 | 100.00 | 10,508 | 0.00 | 243,070,940 | 61.68% | 39,532 |
15 | To authorise the Directors to allot relevant securities | 188,762,597 | 77.66 | 54,312,191 | 22.34 | 243,074,788 | 61.68% | 35,684 |
16* | To dis-apply pre-emption rights (customary) | 237,444,566 | 99.99 | 33,338 | 0.01 | 237,477,904 | 60.26% | 5,632,568 |
17* | To dis-apply pre-emption rights (enhanced) | 212,122,978 | 89.31 | 25,378,587 | 10.69 | 237,501,565 | 60.26% | 5,608,907 |
18* | To authorise the purchase by the Company of Ordinary shares in the market | 240,035,243 | 98.76 | 3,006,582 | 1.24 | 243,041,825 | 61.67% | 68,647 |
19* | To allow general meetings to be called on 14 days' notice | 199,618,084 | 82.11 | 43,479,631 | 17.89 | 243,097,715 | 61.68% | 12,757 |
Notes:
* Special Resolution
A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes 'For' or 'Against' a resolution.
The number of Ordinary shares of 11.25p each in issue at 13 May 2018 was 394,102,201. Ordinary Shareholders are entitled to one vote per share held. Proxy votes were received in respect of 243,110,252 shares, representing approximately 61.69% of issued equity as at 13 May 2018.
The Company notes that, although all of the Resolutions have been passed, 22.34% of votes received were against Resolution 15 (Authority to allot shares). This Resolution is considered routine for listed companies in the UK and is within the Investment Association's Share Capital Management Guidelines. We will continue to listen to the views of our shareholders in order to better understand the position of those for whom this Resolution presents concerns, and will keep best practice under review.
In accordance with UK Listing Rule 9.6.2R and 9.6.3R, a copy of the resolutions passed as special business at the AGM have also been submitted to the UK Listing Authority via the National Storage Mechanism and will be available for viewing shortly at www.hemscott.com/nsm.do
The full text of the resolutions is set out in the Notice of Annual General Meeting, which is available on the UBM website at www.ubm.com.
Enquiries to:
Nigel Youds, Deputy Company Secretary
Tel: 020 7921 5000