Result of AGM

Chesnara PLC
16 May 2023
 

 

LEI Number: 213800VFRMBRTSZ3SJ06

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16th May 2023

 

CHESNARA plc

("Chesnara" or "the Company")

 

 

RESULT OF THE CHESNARA PLC 2023 ANNUAL GENERAL MEETING

 

Chesnara plc (CSN.L) announces that the resolutions proposed at its Annual General Meeting held on 16th May 2023 were passed by a show of hands. For information, the results of the AGM, which includes the total number of votes received for each resolution, are set out below. The Company's issued share capital on 16th May 2023 consisted of 150,404,962 ordinary 5p shares and the number of voting rights was also 150,404,962 ordinary 5p shares (as there were no treasury shares).

 

No.

Resolution

No. of votes 'for' & 'discretionary'

%

Votes 'against'*

%

Total No. of votes cast

Votes 'withheld'

1

To receive and adopt the report and accounts for the year ended 31 December 2022

91,059,200

99.99

5,838

0.01

91,065,038

60,746

2

To approve the Directors' Remuneration Report

66,203,911

72.66

24,914,731

27.34

91,118,642

7,142

3

To approve the Directors' Remuneration Policy

87,638,247

96.25

3,416,902

3.75

91,055,149

70,635

4

To declare a final dividend of 15.16p per ordinary share

91,083,620

99.95

41,247

0.05

91,124,867

917

5

To re-elect Steve Murray as a director

91,052,509

99.96

33,045

0.04

91,085,554

40,230

6

To re-elect Carol Hagh as a director

88,461,192

97.13

2,617,472

2.87

91,078,664

47,120

7

To re-elect Karin Bergstein as a director

90,191,882

99.03

886,782

0.97

91,078,664

47,120

8

To re-elect David Rimmington as a director

91,052,509

99.96

33,045

0.04

91,085,554

40,230

9

To re-elect Jane Dale as a director

90,193,781

99.02

888,698

0.98

91,082,479

43,305

10

To re-elect Luke Savage as a director

88,465,042

97.12

2,620,512

2.88

91,085,554

40,230

11

To re-elect Mark Hesketh as a director

90,020,780

98.83

1,068,069

1.17

91,088,849

36,935

12

To re-elect Eamonn Flanagan as a director

88,027,055

96.64

3,061,794

3.36

91,088,849

36,935

13

To re-appoint Deloitte LLP as auditor

91,084,026

99.96

38,166

0.04

91,122,192

3,592

14

To authorise the directors to determine the auditor's remuneration

91,069,446

99.94

51,246

0.06

91,120,692

5,092

15

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

81,325,983

98.74

1,034,465

1.26

82,360,448

8,765,336

16

To approve and adopt the rules of the Chesnara 2023 Short-term Incentive Scheme

90,197,342

99.08

834,915

0.92

91,032,257

93,527

17

To approve and adopt the rules of the Chesnara 2023 Long-term Incentive Plan

86,905,698

95.47

4,126,559

4.53

91,032,257

93,527

18.

To authorise the directors to allot equity securities up to a specified amount

90,099,713

98.89

1,015,013

1.11

91,114,726

11,058

19.

Special resolution - To give the directors power to allot equity securities for cash without making an offer to shareholders (rights issue or open offer)

90,279,079

99.08

838,442

0.92

91,117,521

8,263

20.

Special resolution - To give the directors power to allot equity securities for cash without making an offer to shareholders (financing or refinancing an acquisition)

90,287,264

99.09

829,809

0.91

91,117,073

8,711

21.

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

91,025,736

99.93

65,888

0.07

91,091,624

34,160

22.

Special resolution - To adopt the revised Articles of Association

90,325,739

99.16

763,590

0.84

91,089,329

36,455

23.

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

90,889,668

99.75

229,570

0.25

91,119,238

6,546

*Votes 'withheld' have not been included in the calculation of whether the resolution is carried. Percentages have been rounded to two decimal places.

 

The Board confirms that it will consult and engage with shareholders to understand and discuss their views in respect of Resolution 2 (the Directors' Remuneration Report excluding the Directors' Remuneration Policy).  In accordance with the UK Corporate Governance Code, the Company will publish an update in this regard within the next six months of this AGM.

 

The full text of the resolutions can be found in the Notice of the Meeting set out in the Financial Statements for the year ended 31 December 2022, copies of which are 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 and CASLP 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 and the Netherlands and by undertaking value-adding acquisitions of either companies or portfolios.

 

Consistent delivery of the Company strategy has enabled Chesnara to increase its dividend for 18 years in succession.

 

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

 

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