Result of AGM

RNS Number : 6202Q
Brooks Macdonald Group PLC
28 October 2021
 

BROOKS MACDONALD GROUP PLC

(the "Company")

 

 

Result of Annual General Meeting ("AGM")

The Company's 2021 AGM was held today at 21 Lombard Street, London.  The Board is pleased to announce that all resolutions proposed at the meeting were passed on a poll.  The table below shows the total votes validly cast, being those votes for or against each resolution.  Total votes cast, including votes withheld, were over 13,592,801 Ordinary Shares, representing 83.96% of the O rdinary Shares in issue on 26 October 2021.

 



For

(see note 1)


Against

(see note 1)


Votes withheld

(see note 2)



Votes

%

Votes

%

Votes

1

Receipt of the Annual Report and Accounts

13,568,620

100.00%

0

0.00%

24,181

2

Declaration of a final dividend

13,568,773

100.00%

0

0.00%

24,028

3

Approval of the Directors' remuneration report (advisory)

8,967,178

68.05%

4,209,698

31.95%

415,925

4

Re-election of Alan Carruthers as a Director

13,562,683

99.97%

4,604

0.03%

25,514

5

Election of Andrew Shepherd as a Director

13,567,287

100.00%

0

0.00%

25,514

6

Re-election of Ben Thorpe as a Director

13,567,287

100.00%

0

0.00%

25,514

7

Election of Lynsey Cross as a Director

13,567,287

100.00%

0

0.00%

25,514

8

Re-election of Richard Price as a Director

13,567,287

100.00%

0

0.00%

25,514

9

Re-election of John Linwood as a Director

13,227,479

97.49%

339,961

2.51%

25,361

10

Re-election of Dagmar Kershaw as a Director

13,567,287

100.00%

0

0.00%

25,514

11

Re-election of Robert Burgess as a Director

13,567,287

100.00%

0

0.00%

25,514

12

Re-appointment and remuneration of the Auditor

13,568,620

100.00%

153

0.00%

24,028

13

Political donations

12,837,810

94.61%

730,963

5.39%

24,028

14

Authority to allot new shares

13,212,924

97.49%

339,696

2.51%

40,181

15

Authority to disapply pre-emption rights

13,366,593

98.63%

186,027

1.37%

40,181

16

Additional authority to disapply pre-emption rights

13,366,593

98.63%

186,027

1.37%

40,181

17

Authority to purchase own shares

13,462,404

99.22%

106,369

0.78%

24,028

18

Notice periods for general meetings (other than AGM)

13,568,773

100.00%

0

0.00%

24,028

 

Notes

 

1.  Votes "For" and "Against" are expressed as a percentage of votes received. Any proxy appointments which gave the Chairman discretion have been included in the "For" total.

2.  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.

3.  Resolutions 1 to 14 were ordinary resolutions and resolutions 15 to 18 were special resolutions.

4.  The number of ordinary shares in issue as at 26 October 2021 was 16,189,188.

 

 

Resolution 3 (Approval of the Directors' remuneration report)

 

The Board notes that, while all resolutions were passed, a substantial minority of votes (31.95%) were cast against Resolution 3, the advisory resolution to approve the Directors' remuneration report.  The Remuneration Committee on behalf of the Board consults extensively with shareholders on remuneration and takes their feedback into consideration.  In accordance with the UK Corporate Governance Code 2018, the Remuneration Committee will continue to consult shareholders to understand the full reasons for the result and the Company will provide, within 6 months of the 2021 AGM, an update on views received from shareholders and any actions taken.

 

 

 

 

Enquiries to:

Brooks Macdonald Group plc

Andrew Shepherd, CEO

Ben Thorpe, Chief Financial Officer

 

www.brooksmacdonald.com

020 7659 3492

Peel Hunt LLP (Nominated Adviser and Broker)

Andrew Buchanan / John Welch / Rishi Shah

 

020 7418 8900

FTI Consulting

Laura Ewart / Katherine Bell

 

brooksmacdonald@fticonsulting.com

07711 387085 / 07976 870961

 

 

Notes to editors

 

Brooks Macdonald Group plc, through its various subsidiaries, provides leading investment management services in the UK and internationally. The Group, which was founded in 1991 and began trading on AIM in 2005, had discretionary Funds under Management of £16.8 billion as at 30 September 2021.

Brooks Macdonald offers a range of investment management services to private high net worth individuals, pension funds, institutions, charities and trusts. The Group also provides financial planning as well as international investment management, and acts as fund manager to a range of onshore and international funds.

The Group has thirteen offices across the UK and the Channel Islands including London, Cheltenham, East Anglia, Exeter, Hampshire, Leamington Spa, Leeds, Manchester, Tunbridge Wells, Scotland, Wales, Jersey and Guernsey.

 

LEI: 213800WRDF8LB8MIEX37

 

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