25 Jul 2017 16:03
SAFESTORE
25 July 2017
Safestore Holdings plc ("Safestore" or "the Company")
Result of General Meeting
The General Meeting of Safestore Holdings plc was held this afternoon at the Company's registered office in Borehamwood, Hertfordshire.
All resolutions proposed to the meeting were duly passed on a show of hands. The total number of proxy votes lodged for each resolution in advance of the meeting is set out below.
Resolution | Votes For | % | Votes Against | % | Votes Total | % of ISC Voted | Votes Withheld |
1 | 77,550,007 | 50.83 | 75,030,203 | 49.17 | 152,580,210 | 72.9 | 17,087,197 |
2 | 78,340,252 | 51.28 | 74,423,110 | 48.72 | 152,763,362 | 73.0 | 16,904,045 |
3 | 168,491,144 | 99.46 | 908,848 | 0.54 | 169,399,992 | 80.9 | 267,416 |
*ISC = Issued Share Capital of the Company
Alan Lewis, Chairman of Safestore, commented:
"We appreciate that our remuneration proposals, which were designed to break away from more traditional policies have divided opinion.
Following extensive consultation, we proposed a five-year Long-Term Incentive Scheme covering a significantly larger group of individuals at and below board level. Since the March AGM we undertook a further round of consultation and made material amendments to the original proposals, including a 20% reduction in the maximum number of director options available. We have however remained true to our beliefs and retained the three central principles of the scheme; below market rates for base pay, payment for outstanding performance only and a five-year time horizon which is aligned with our business model and strategy.
As we now move forward with the new policies in place we will maintain engagement with all stakeholders to allay any concerns and most importantly work tirelessly to continue to deliver exceptional value for all of our shareholders."
For further information, please contact:
Instinctif Partners |
|
Mark Reed | 020 7457 2020 |
Notes
The current issued capital of Safestore Holdings plc is 209,306,201 shares.
A "vote withheld" is not a vote in law and is not counted in the calculation of the percentages of votes cast for and against a resolution.
Resolution 1 - To approve the Directors' remuneration policy
Resolution 2 - To approve the Company's Long Term Incentive Plan
Resolution 3 - To approve the Company's Sharesave scheme
Safestore (SAFE)