Result of AGM

RNS Number : 6736L
Caledonia Investments PLC
20 July 2017
 

Caledonia Investments plc: Result of Annual General Meeting

Caledonia Investments plc (the "Company") is pleased to announce that all of the resolutions proposed at its annual general meeting held on 20 July 2017 were duly passed. Resolutions 10, 11, 12, 13 and 14 relating to the re-election of independent directors, were passed by separate majorities of all shareholders and of those shareholders who are independent of the Cayzer family concert party, the members of which are regarded as controlling shareholders for the purposes of the Listing Rules.

The following table indicates the number of valid proxy votes lodged in advance of the meeting for each of the resolutions. It should be noted that votes withheld do not constitute votes in law and therefore are not counted in the number of votes for or against any resolution.

Resolution

In favour

Against

Withheld

Total lodged

No


No.

%

No.

%

No.

No.

1

To receive and adopt the annual report and accounts for the year ended 31 March 2017

35,862,794

99.99

3,530

0.01

0

35,866,324

2

To approve the directors' remuneration report for the year ended 31 March 2017 (other than the directors' remuneration policy)

35,550,450

99.25

269,827

0.75

45,815

35,866,092

3

To approve the 2017 directors' remuneration policy

35,568,437

99.20

285,805

0.80

11,850

35,866,092

4

To approve and declare a final dividend of 39.9p per ordinary share

35,866,324

100.00

0

0.00

0

35,866,324

5

To approve and declare a special dividend of 100.0p per ordinary share

35,864,324

99.99

2,000

0.01

0

35,866,324

6

To re-elect Mr W P Wyatt a director

35,825,849

100.00

0

0.00

40,475

35,866,324

7

To re-elect Mr S A King a director

35,825,849

100.00

0

0.00

40,475

35,866,324

8

To re-elect Mr J M B Cayzer-Colvin a director

35,683,517

99.60

142,332

0.40

40,475

35,866,324

9

To re-elect The Hon C W Cayzer a director

34,623,865

96.64

1,202,659

3.36

39,800

35,866,324

10

To re-elect Mr H Y H Boël a director (all shareholders)

34,598,617

96.79

1,146,494

3.21

121,212

35,866,323

10

To re-elect Mr H Y H Boël a director (independent shareholders)

9,041,170

88.75

1,146,494

11.25

121,212

10,308,876

11

To re-elect Mr S J Bridges a director (all shareholders)

35,686,740

99.50

178,267

0.50

1,317

35,866,324

11

To re-elect Mr S J Bridges a director (independent shareholders)

10,129,293

98.27

178,267

1.73

1,317

10,308,877

12

To re-elect Mr C H Gregson a director (all shareholders)

35,686,174

99.50

180,150

0.50

0

35,866,324

12

To re-elect Mr C H Gregson a director (independent shareholders)

10,128,727

98.25

180,150

1.75

0

10,308,877

13

To re-elect Mrs S C R Jemmett-Page a director (all shareholders)

35,852,587

99.96

13,737

0.04

0

35,866,324

13

To re-elect Mrs S C R Jemmett-Page a director (independent shareholders)

10,295,140

99.87

13,737

0.13

0

10,308,877

14

To re-elect Mr D C Stewart a director (all shareholders)

35,038,378

97.80

788,146

2.20

39,800

35,866,324

14

To re-elect Mr D C Stewart a director (independent shareholders)

9,480,931

92.33

788,146

7.67

39,800

10,308,877

15

To re-appoint KPMG LLP as  auditor

35,738,719

99.88

41,944

0.12

85,661

35,866,324

16

To authorise the directors to agree the auditor's remuneration

35,105,151

97.88

760,898

2.12

275

35,866,324

17

To grant the Company authority to make market purchases of its own shares

35,856,322

99.97

10,002

0.03

0

35,866,324

18

To approve the waiver of the mandatory offer provisions set out in Rule 9 of the City Code on Takeovers and Mergers in relation to the Cayzer Concert Party*

8,453,782

83.72

1,643,548

16.28

211,547

10,308,877

19

To authorise the allotment of unissued shares

35,775,100

99.98

5,811

0.02

413

35,781,324

20

To authorise the allotment of shares on a non pre-emptive basis

35,768,841

99.97

12,070

0.03

413

35,781,324

21

To authorise the convening of general meetings (other than annual general meetings) on not less than 14 clear days' notice

35,677,510

99.47

188,813

0.53

0

35,866,323

*As required by the City Code on Takeovers and Mergers, the Cayzer family concert party did not vote on this resolution.

Each of the resolutions was voted on by way of a show of hands, other than resolution 18 which was voted on by way of a poll. The numbers of votes cast at the meeting on resolution 18 were 8,382,237 in favour and 1,643,548 against.

At the date of the annual general meeting there were 55,381,017 ordinary shares with voting rights in issue. No shares are held in treasury.

In accordance with Listing Rule 9.6.2R, copies of resolutions 17 to 21, being the resolutions passed as special business at the annual general meeting, have been submitted to the National Storage Mechanism and will shortly be available at: www.Hemscott.com/nsm.do.

As previously announced, Rod Kent retired from the board at the conclusion of the annual general meeting and was succeeded as Chairman by David Stewart. As a consequence of his appointment, Mr Stewart has also become Chairman of the Company's Nomination Committee and has ceased to be a member of the Company's Audit Committee, being replaced on the latter by Shonaid Jemmett-Page. He remains a member of the Remuneration Committee.

Enquiries:

G P Denison,

Company Secretary

Tel: +44 (0)20 7802 8080

 

20 July 2017

 

END

All of the resolutions proposed at the annual general meeting are also set out in the circular to shareholders incorporating the notice of the 2017 annual general meeting available on Caledonia's website at www.caledonia.com.

Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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