Result of AGM

RNS Number : 2427U
Ashmore Group PLC
20 October 2017
 

Ashmore Group plc (the "Company")

20 October 2017

Results of Annual General Meeting ("AGM")

 

The Board of Ashmore Group plc (the "Board"), is pleased to announce that at the AGM of the Company held earlier today all resolutions were duly passed on a poll. All of the resolutions are accordingly declared as carried. Resolutions 5, 6, 7, 8 and 9, relating to the re-election of Independent Non-executive Directors, are carried by a majority of votes cast by both Independent Shareholders as well as by a majority of votes cast by all Shareholders.

 

The results of the poll on each resolution were as follows:

 



FOR

AGAINST

ABSTAIN*

TOTAL VOTE

 

 

% age of total Votes in Favour


Resolution Number

No. of Votes

 

No. of Votes

 

No. of Votes

 


 

 

1

 

To receive and adopt the Report and Accounts for the year ended 30 June 2017

606,046,807

1,631,707

45,102

607,678,514

99.73%

 

2

 To declare a final dividend for the year ended 30 June 2017 of 12.1 pence per Ordinary Share

607,723,616

0

0

607,723,616

100.00%

 

3

To re-elect Mark Coombs as a Director

607,152,845

570,271

500

607,723,116

99.91%

 

4

To re-elect Tom Shippey as a Director

606,813,548

909,568

500

607,723,116

99.85%

 

5

To re-elect Peter Gibbs as a Director (all shareholders)

582,837,874

23,276,909

1,608,833

606,114,783

96.16%

 

5

To re-elect Peter Gibbs as a Director  (independent shareholders)

301,462,952

23,276,909

1,608,833

324,739,861

92.83%

 

6

 To re-elect Simon Fraser as a Director (all shareholders)

567,632,142

40,090,155

1,319

607,722,297

93.40%

 

6

 To re-elect Simon Fraser as a Director (independent shareholders)

286,257,220

40,090,155

1,319

326,347,375

87.72%

 

7

To re-elect Dame Anne Pringle as a Director (all shareholders)

586,362,140

21,360,657

819

607,722,797

96.49%

 

7

To re-elect Dame Anne Pringle as a Director (independent shareholders)

304,987,218

21,360,657

819

326,347,875

93.45%

 

8

To re-elect David Bennett as a Director (all shareholders)

586,255,268

21,467,529

819

607,722,797

96.47%

 

8

To re-elect David Bennett as a Director (independent shareholders)

304,880,346

21,467,529

819

326,347,875

93.42%

 

9

To re- elect Clive Adamson as a Director (all shareholders)

607,144,026

578,771

819

607,722,797

99.90%

 

9

To re-elect Clive Adamson as a Director (independent shareholders)

325,769,104

578,771

819

326,347,875

99.82%

 

10

To approve the Remuneration policy

515,865,054

90,707,202

1,151,359

606,572,256

85.05%

 

11

To approve the Remuneration Report for the year ended 30 June 2017

518,697,947

86,426,020

2,509,648

605,123,967

85.72%

 

12

To re-appoint KPMG LLP as auditors

599,702,226

8,018,979

2,411

607,721,205

98.68%

 

13

To authorise the Directors to agree the remuneration of the auditors

607,049,714

673,402

500

607,723,116

99.89%

 

14

To authorise political donations and political expenditure

590,942,206

9,978,410

6,803,000

600,920,616

98.34%

 

15

To authorise the Directors to allot shares

601,105,905

6,615,811

1,900

607,721,716

98.91%

 

16

To authorise the dis-application of pre-emption rights  up to 35,368,623 shares**

607,683,668

32,448

7,500

607,716,116

99.99%

 

17

To authorise the dis-application of pre-emption rights  up to a further  35,368,623 shares**

600,188,983

7,527,133

7,500

607,716,116

98.76%

 

18

To authorise market purchases of shares**

606,217,930

1,505,186

500

607,723,116

99.75%

 

 

19

To approve the renewal of the waiver of the obligation under Rule 9 of the Takeover Code ***

225,110,634

98,721,270

2,516,790

323,831,904

69.51%

 

20

To reduce the notice period for general meetings other than an Annual General Meeting

**

598,806,425

8,915,791

1,400

607,722,216

98.53%

 

*               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.

**             Indicates Special Resolutions requiring a 75% majority

***            Mark Coombs has not voted on Resolution 19 as an interested party

 

 

As part of Ashmore's investor relations activities the Company regularly engages with its major shareholders on a range of matters. During the year, executive management from the Company, the Board Chairman and Chairman of the Remuneration Committee consulted with a number of its shareholders and proxy advisor bodies to discuss the business being proposed at the Company's AGM to gain a better understanding of reasons for shareholders voting against any particular resolution, (such as Resolution 19) . Ashmore remains committed to engaging with shareholders on issues of concern to ensure that its policies and practice are transparent, clear and understood in the context of Ashmore's business model and performance, in particular its proposals regarding remuneration policy and the Rule 9 waiver. The Board is kept fully informed of, and assesses, any shareholder feedback relating to such matters.

 

The above summary of proxy votes will shortly be available on the Company's website, www.ashmoregroup.com.

 

 

 

 

 

 

 

 

 

 

 

 

 

Ashmore Group PLC's Legal Entity Identifier (LEI) is 549300U3L59WB4YI2X12

 

 

For further details, please contact:

 

Michael Perman

Group Company Secretary

Ashmore Group plc

61, Aldwych

London WC2B 4AE

 

(T) +44 (0)20 3077 6000

 

 

 

 

END


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