Result of AGM

Close Brothers Group PLC
16 November 2023
 

   Close Brothers Group plc

 

   AGM Results and Statement

 

 

 

 

At the Annual General Meeting ("AGM") of Close Brothers Group plc (the "Company") held on 16 November 2023 at 11.00am, all resolutions put to shareholders were duly passed on a poll with the required majorities. The full text of each resolution is contained in the Notice of Annual General Meeting (the "Notice"). Resolutions 1 to 16 were passed as ordinary resolutions. Resolutions 17 to 22 were passed as special resolutions.

The following votes were cast in respect of the AGM resolutions:

 

 

 

 

 

 

 

Total Votes For

%       For

Total Votes Against

% Against

Total Votes Cast

% of Issued Share Capital Voted

Votes Withheld


Ordinary Resolutions








1.

To receive and adopt the Company's 2023 Annual Report and Accounts.

123,592,131

100.00

1,752

0.00

123,593,883

82.14%

269,181

2.

To approve the Directors' Remuneration Report for the financial year ended 31 July 2023.

118,111,830

95.36

5,740,696

4.64

123,852,526

82.31%

10,040

3.

To authorise the payment of a final dividend of 45.0 pence per share.

122,711,082

99.07

1,147,646

0.93

123,858,728

82.31%

4,336

4.

To elect Kari Hale as a Director of the Company.

123,840,219

99.99

7,259

0.01

123,847,478

82.31%

15,088

5.

To re-elect Mike Biggs as a Director of the Company.

115,926,982

93.60

7,922,972

6.40

123,849,954

82.31%

12,612

6.

To re-elect Adrian Sainsbury as a Director of the Company.

123,840,087

99.99

13,189

0.01

123,853,276

82.31%

9,290

7.

To re-elect Mike Morgan as a Director of the Company.

123,792,215

99.95

56,881

0.05

123,849,096

82.31%

13,470

8.

To re-elect Peter Duffy as a Director of the Company

117,086,982

95.24

5,849,971

4.76

122,936,953

81.70%

925,613

9.

To re-elect Tracey Graham as a director of the Company.

122,920,170

99.25

928,835

0.75

123,849,005

82.31%

13,561

10.

To re-elect Patricia Halliday as a Director of the Company.

119,287,127

96.32

4,551,647

3.68

123,838,774

82.30%

23,792

11.

To re-elect Tesula Mohindra as a Director of the Company.

119,295,241

96.33

4,551,215

3.67

123,846,456

82.31%

16,110

12.

To re-elect Mark Pain as a Director of the Company.

118,382,446

95.59

5,465,627

4.41

123,848,073

82.31%

14,493

13.

To re-elect Sally Williams as a Director of the Company.

119,295,981

96.32

4,554,994

3.68

123,850,975

82.31%

11,591

14.

To reappoint PricewaterhouseCoopers LLP as auditor of the Company.

122,539,793

98.94

1,313,260

1.06

123,853,053

82.31%

10,011

15.

To authorise the Audit Committee (on behalf of the Board) to determine the remuneration of the auditor.

123,830,267

99.98

25,995

0.02

123,856,262

82.31%

6,802

16.

To authorise the Board to allot shares in the Company and to grant rights to subscribe for or convert any security into shares (see Notice).

115,121,051

92.95

8,732,066

7.05

123,853,117

82.31%

9,449


Special Resolutions








17.

To authorise the Board to allot shares in connection with AT1 Securities (see Notice).

116,972,450

94.45

6,877,176

5.55

123,849,626

82.31%

12,940

18.

That, subject to the passing of Resolution 16 the Board be given power to disapply pre-emption rights up to 5% (see Notice).

118,271,193

95.49

5,580,923

4.51

123,852,116

82.31%

10,948

19.

That, subject to the passing of Resolution 16 the Board be given power to disapply pre-emption rights up to an additional 5% in connection with an acquisition or other capital investment (see Notice).

115,805,282

93.50

8,045,846

6.50

123,851,128

82.31%

11,936

20.

That, subject to the passing of Resolution 17 the Board be given authority to disapply pre-emption rights in connection with AT1 Securities (see Notice).

116,950,584

94.43

6,900,667

5.57

123,851,251

82.31%

11,813

21.

That the Company be authorised to make one or more market purchases of its ordinary shares of 25p each (see Notice).

122,525,232

98.94

1,316,217

1.06

123,841,449

82.30%

21,615

22.

That a general meeting other than an annual general meeting may be called on not less than 14 clear days' notice.

117,206,367

94.63

6,648,151

5.37

123,854,518

82.31%

8,546

 

 

NOTES: 

 

1.  'Total Votes For' include votes recorded as at the discretion of the Chairman of the meeting.

2.  The 'Vote Withheld' option was provided to enable shareholders to refrain from voting on any particular resolution. A vote withheld is not a vote in law and has not been counted in the calculation of the proportion of the vote 'For' and 'Against' a resolution.

3.  For the purposes of the AGM, the issued share capital of the Company was 150,472,242 ordinary shares (excluding 1,588,048 treasury shares).

4.  The full text of the resolutions is detailed in the Notice available on the Company website at www.closebrothers.com/investor-relations/shareholder-information/annual-general-meeting.

 

 

Change of Committee Chairs

 

In accordance with Listing Rule 9.6.11, Close Brothers also announces that, following the AGM, Oliver Corbett has retired as a director of the Company and has stepped down as Chair of the Audit Committee with effect from 16 November 2023. 

 

Kari Hale becomes Chair of the Audit Committee with effect from 16 November 2023. His other committee memberships remain unchanged.

 

 

Enquiries: Sarah Peazer-Davies, Company Secretary

020 3837 6482

 

 

 

 

About Close Brothers

 

Close Brothers is a leading UK merchant banking group providing lending, deposit taking, wealth management services and securities trading. We employ approximately 4,000 people, principally in the United Kingdom and Ireland. Close Brothers Group plc is listed on the London Stock Exchange and is a constituent of the FTSE 250.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings