Last checked at 14 Feb 2019 15:23
For immediate release | 14 February 2019 |
Watkin Jones plc
('Watkin Jones' or the 'Company')
Result of AGM
Watkin Jones plc (AIM:WJG), a leading UK developer and constructor of multi-occupancy residential property assets, with a focus on the student accommodation and build to rent sectors, announces that at the Company's Annual General Meeting held earlier today in London, all resolutions put to shareholders were duly passed.
A breakdown of proxy votes lodged prior to the meeting for each resolution is set out below and will also be made available on the Company's website: www.watkinjonesplc.com
For | % | Against | % | Withheld | ||
1 | Receive the Directors' report and financial statements | 188,231,556 | 100.00 | 2,200 | 0.00 | 190,055 |
2 | Declare a final dividend of 5.13 pence per ordinary share | 188,423,811 | 100.00 | 0 | 0.00 | 0 |
3 | Approve the Directors' remuneration report | 172,607,170 | 91.61 | 15,816,641 | 8.39 | 0 |
4 | Re-elect Grenville Turner as a Director | 188,167,869 | 99.86 | 255,192 | 0.14 | 750 |
5 | Elect Richard Simpson as a Director of the Company | 188,377,143 | 99.98 | 45,918 | 0.02 | 750 |
6 | Re-elect Philip Byrom as a Director | 185,210,252 | 99.98 | 44,918 | 0.02 | 3,168,641 |
7 | Re-elect Simon Laffin as a Director | 182,141,245 | 96.67 | 6,281,816 | 3.33 | 750 |
8 | Elect Liz Reilly as a Director of the Company | 187,197,334 | 99.35 | 1,225,727 | 0.65 | 750 |
9 | Re-appoint Ernst & Young LLP as auditor | 188,410,154 | 100.00 | 8,907 | 0.00 | 4,750 |
10 | Authorise the Directors to agree the remuneration of the auditor | 188,420,904 | 100.00 | 2,907 | 0.00 | 0 |
11 | Authorise the Directors to allot shares | 188,310,073 | 99.94 | 112,988 | 0.06 | 750 |
12 | Standard 5% disapplication of statutory pre-emption rights | 188,401,056 | 99.99 | 22,005 | 0.01 | 750 |
13 | Additional 5% disapplication of statutory pre-emption rights | 183,921,312 | 97.61 | 4,501,749 | 2.39 | 750 |
14 | Approve the purchase and cancellation of up to 10% of the issued ordinary share capital | 167,511,133 | 100.00 | 0 | 0.00 | 20,912,678 |
15 | Allow meetings other than annual general meetings to be called on not less than 14 clear days' notice | 186,727,664 | 99.10 | 1,696,147 | 0.90 | 0 |
- Ends -
For further information:
Watkin Jones plc |
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Richard Simpson, Chief Executive Officer | Tel: +44 (0) 1248 362 516 | |
Phil Byrom, Chief Financial Officer | www.watkinjonesplc.com | |
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Peel Hunt LLP (Nominated Adviser & Joint Corporate Broker) | Tel: +44 (0) 20 7418 8900 | |
Mike Bell / Justin Jones | www.peelhunt.com | |
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Jefferies Hoare Govett (Joint Corporate Broker) | Tel: +44 (0) 20 7029 8000 | |
Max Jones / Will Soutar | www.jefferies.com | |
Media enquiries:
Buchanan |
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Henry Harrison-Topham / Richard Oldworth Jamie Hooper / Steph Watson |
Tel: +44 (0) 20 7466 5000 |
watkinjones@buchanan.uk.com | www.buchanan.uk.com |
Notes to Editors
Watkin Jones is a leading UK developer and constructor of multi-occupancy residential property assets, with a focus on the student accommodation and build to rent sectors. The Group has strong relationships with institutional investors, and a good reputation for successful, on-time-delivery of high quality developments. Since 1999, Watkin Jones has delivered 38,000 student beds across 117 sites, making it a key player and leader in the UK purpose built student accommodation market. In addition, the Fresh Property Group, the Group's specialist accommodation management company, manages over 15,000 student beds and build to rent apartments on behalf of its institutional clients. Watkin Jones has also been responsible for over 80 residential developments, ranging from starter homes to executive housing and apartments. The Group is now expanding its operations into the build to rent sector.
The Group's competitive advantage lies in its experienced management team and business model, which enables it to offer an end-to-end solution for investors, delivered entirely in-house with minimal reliance on third parties, across the entire life cycle of an asset.
Watkin Jones was admitted to trading on AIM in March 2016 with the ticker WJG.L. For additional information please visit: www.watkinjonesplc.com