27 Jan 2016 10:56
Result of AGM
27 January 2016
Marston's PLC (the "Company") is pleased to announce that, at its Annual General Meeting held on 26 January 2016, all the resolutions proposed in the Notice of Meeting were passed on a poll. Full details of the total number of votes received for each resolution are set out below and will also be made available on the Company's website: www.marstons.co.uk
A copy of the resolutions passed at the AGM that the Company considers to be non-routine business will be submitted to the UK Listing Authority's National Storage Mechanism and will be available to view at www.hemscott.com/nsm.do
Resolution
| Votes for | % of votes cast | Votes against | % of votes cast | Total votes cast | Total votes cast as a % of issued share capital | Votes withheld |
1) Annual Report and Accounts | 89,616,641 | 99.86% | 125,846 | 0.14% | 89,742,487 | 52.70% | 1,011,633 |
2) Declare a final dividend | 89,765,078 | 99.99% | 4,553 | 0.01% | 89,769,631 | 52.72% | 984,490 |
3) Re-elect Andrew Andrea | 89,448,492 | 99.67% | 294,725 | 0.33% | 89,743,217 | 52.70% | 1,010,901 |
4) Re-elect Nicholas Backhouse | 89,625,611 | 99.87% | 116,612 | 0.13% | 89,742,223 | 52.70% | 1,011,602 |
5) Re-elect Carolyn Bradley | 89,610,816 | 99.85% | 130,134 | 0.15% | 89,740,950 | 52.70% | 1,013,169 |
6) Re-elect Peter Dalzell | 89,529,700 | 99.80% | 175,687 | 0.20% | 89,705,387 | 52.68% | 1,048,732 |
7) Re-elect Roger Devlin | 89,402,715 | 99.63% | 332,490 | 0.37% | 89,735,205 | 52.70% | 1,018,914 |
8) Re-elect Ralph Findlay | 86,315,834 | 96.18% | 3,425,436 | 3.82% | 89,741,270 | 52.70% | 1,012,847 |
9) Re-elect Catherine Glickman | 89,600,720 | 99.85% | 138,834 | 0.15% | 89,739,554 | 52.70% | 1,014,565 |
10) Re-elect Neil Goulden | 88,708,465 | 99.76% | 209,579 | 0.24% | 88,918,044 | 52.22% | 1,836,074 |
11) Re-elect Robin Rowland | 89,623,393 | 99.87% | 118,143 | 0.13% | 89,741,536 | 52.70% | 1,012,584 |
12) Re-appoint Auditors | 89,661,734 | 99.90% | 92,001 | 0.10% | 89,753,735 | 52.71% | 1,000,384 |
13) Authorise Auditors' remuneration | 89,644,290 | 99.88% | 103,475 | 0.12% | 89,747,765 | 52.70% | 1,006,355 |
14) Approve the Annual Report on Remuneration | 86,080,535 | 99.34% | 568,252 | 0.66% | 86,648,787 | 50.88% | 4,105,331 |
15) Authority to allot shares | 89,222,541 | 99.56% | 391,784 | 0.44% | 89,614,325 | 52.62% | 1,139,792 |
16) Disapplication of pre-emption rights | 68,658,393 | 79.72% | 17,471,090 | 20.28% | 86,129,483 | 50.58% | 4,624,633 |
17) Authority to purchase of own shares | 89,587,553 | 99.82% | 161,127 | 0.18% | 89,748,680 | 52.70% | 1,005,440 |
18) Short notice of general meetings | 80,904,803 | 90.14% | 8,848,381 | 9.86% | 89,753,184 | 52.71% | 1,000,928 |
Notes:
(i) Resolutions 1 to 15 were ordinary resolutions, requiring more than 50% of shareholder votes to be 'for' the resolutions.
(ii) Resolutions 16 to 18 were special resolutions, requiring not less than 75% of shareholder votes to be 'for' the resolutions.
(iii) Any proxy appointments which gave discretion to the Chairman have been included in the 'for' total.
(iv) A 'vote withheld' is not a vote in law and is not counted in the calculation of the proportion of the votes 'for' and 'against' a resolution.
The Board of Directors notes the significant minority vote against Resolution 16 and intends to further engage with the Company's major shareholders to better understand the reasons behind the vote result.
Marstons (MARS)