AGM Statement

Chesnara PLC
14 May 2024
 

 

LEI Number: 213800VFRMBRTSZ3SJ06

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14th May 2024

 

CHESNARA plc

("Chesnara" or "the Company")

 

 

RESULT OF THE CHESNARA PLC 2024 ANNUAL GENERAL MEETING

 

Results of AGM

 

Chesnara plc (CSN.L) announces that the resolutions put to its Annual General Meeting ("AGM") held on 14th May 2024 were duly passed.

 

The results of the AGM, including the total number of votes received for each resolution, were as follows:

 

 

No.

Resolution

Votes 'for'

%

Votes 'against'

%

Total votes validly cast

Votes 'withheld'

1

To receive and adopt the audited accounts for the year ended 31 December 2023

88,443,651

99.98

18,174

0.02

88,461,825

68,623

2

To approve the Directors' Remuneration Report for the year ended 31 December 2023

87,088,647

98.42

1,397,455

1.58

88,486,102

44,346

3

To declare a final dividend of 15.61p per ordinary share for the year ended 31 December 2023

88,509,452

99.99

11,423

0.01

88,520,875

9,573

4

To re-appoint Steve Murray as a director

88,453,289

99.96

33,823

0.04

88,487,112

43,336

5

To re-appoint Carol Hagh as a director

87,488,972

98.87

998,104

1.13

88,487,076

43,372

6

To re-appoint Karin Bergstein as a director

87,653,252

99.06

833,824

0.94

88,487,076

43,372

7

To re-appoint Jane Dale as a director

87,661,581

99.07

825,495

0.93

88,487,076

43,372

8

To re-appoint Luke Savage as a director

87,666,356

99.07

820,720

0.93

88,487,076

43,372

9

[To re-appoint Mark Hesketh as a director (withdrawn)]

-

-

-

-

-

-

10

To re-appoint Eamonn Flanagan as a director

87,722,889

99.14

763,823

0.86

88,486,712

43,736

11

To appoint Tom Howard as a director

88,437,738

99.94

49,338

0.06

88,487,076

43,372

12

To re-appoint Deloitte LLP as auditor

88,436,376

99.93

63,095

0.07

88,499,471

30,977

13

To authorise the directors to determine the auditor's remuneration

88,479,839

99.96

34,028

0.04

88,513,867

16,581

14

To provide limited authority to make political donations and to incur limited political expenditure

81,783,475

98.78

1,013,989

1.22

82,797,464

5,732,984

15

To authorise the directors to allot shares up to a specified amount

87,480,654

98.84

1,026,783

1.16

88,507,437

23,011

16

Special resolution - To authorise the directors to disapply pre-emption rights (general corporate purposes)

82,149,492

92.81

6,363,900

7.19

88,513,392

17,056

17

Special resolution - To authorise the directors to disapply pre-emption rights (acquisition or other capital investment)

82,079,620

92.74

6,426,086

7.26

88,505,706

24,742

18

Special resolution - To give the Company limited authority to purchase its own shares

88,424,826

99.93

60,206

0.07

88,485,032

45,416

19

To authorise the directors to allot ordinary shares in relation to an issue of Restricted Tier 1 Instrument up to a specified amount

87,468,630

98.85

1,017,786

1.15

88,486,416

44,032

20

Special resolution - To authorise the directors to disapply pre-emption rights in relation to the issue of Restricted Tier 1 Instruments

87,602,503

99.01

875,739

0.99

88,478,242

52,206

21

Special resolution - To authorise the Company to call general meetings on not less than 14 clear days' notice

88,362,358

99.83

153,539

0.17

88,515,897

14,551

 

 

The Board is pleased that all resolutions passed with a significant majority.

 

Other Matters

 

As announced on 7th December 2023, David Rimmington did not seek re-appointment to the Board and stepped down as Group Finance Director and as an Executive Director of Chesnara plc at the conclusion of the AGM.

 

As announced on 17th April 2024, Resolution 9 was withdrawn from the agenda of the AGM as a result of Mark Hesketh, Independent Non-Executive Director, stepping down from the Board of Chesnara plc on 9 April 2024.

 

The Company's issued share capital on 14th May 2024 consisted of 150,954,119 ordinary shares of 5p each with no shares held in Treasury. Each share carries one voting right and therefore the number of voting rights is 150,954,119.

 

Votes withheld are not a vote in law and have not been counted in the calculation of the votes for and against each resolution or the total votes validly cast.

 

The full text of the resolutions can be found in the Notice of the Annual General Meeting available on the Company's website, www.chesnara.co.uk. In accordance with Listing Rule 9.6.3, full details of the resolutions passed as special business will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

 

 

Investor Enquiries

Sam Perowne

Head of Strategic Development & Investor Relations

Chesnara plc

E - sam.perowne@chesnara.co.uk

 

Media Enquiries

Roddy Watt

Director, Capital Markets

FWD

T - 020 7280 0651 / 07714 770 493 

E - roddy.watt@fwdconsulting.co.uk

 

 

Notes to Editors

Chesnara (CSN.L) is a European life and pensions consolidator listed on the London Stock Exchange.  It administers approximately one million policies and operates as Countrywide Assured in the UK, as The Waard Group and Scildon in the Netherlands, and as Movestic in Sweden.

 

Following a three-pillar strategy, Chesnara's primary responsibility is the efficient administration of its customers' life and savings policies, ensuring good customer outcomes and providing a secure and compliant environment to protect policyholder interests. It also adds value by writing profitable new business in Sweden, the Netherlands and the UK as well as by undertaking value-adding acquisitions of either companies or portfolios.

 

Consistent delivery of the Company strategy has enabled Chesnara to increase its dividend for 1 years in succession.

 

Further details are available on the Company's website (www.chesnara.co.uk).

 

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