Result of AGM

RNS Number : 1027J

Law Debenture Corp PLC

07 April 2020

 

The Law Debenture Corporation p.l.c.

Annual General Meeting held on 7 April 2020

The Law Debenture Corporation p.l.c. (the "Corporation") announces that at the Annual General Meeting ("AGM" of "Meeting") held earlier today all resolutions proposed were duly passed on a poll and the results are as follows:

Resolution	Description	For (including discre-tionary)	%	Against	%	Withheld	Votes cast as a perc-entage of total voting rights
1	Report and accounts	31,191,409	99.99	2,183	0.01	26,166	26.34
2*	New Remuneration policy	30,240,887	97.65	728,373	2.35	250,424	26.15
3	Directors' Remuneration Report	30,389,436	97.64	733,673	2.36	96,865	26.28
4	Final dividend of 19.4p	31,061,544	99.54	142,907	0.46	15,307	26.35
5	Re-elect Denis Jackson	30,919,177	99.40	186,565	0.60	114,016	26.26
6	Re-elect Robert Hingley	30,520,359	97.93	644,181	2.07	55,217	26.31
7	Re-elect Robert Laing	30,517,281	97.95	638,419	2.05	64,058	26.31
8	Re-elect Mark Bridgeman	31,035,428	99.62	119,672	0.38	64,658	26.31
9	Re-elect Tim Bond	31,049,731	99.66	105,369	0.34	64,658	26.31
10	Re-elect Katie Thorpe	30,869,095	99.39	189,718	0.61	160,945	26.22
11	Elect Claire Finn	31,012,574	99.67	103,012	0.33	104,172	26.27
12	Re-appoint BDO LLP as statutory auditors and auditors' remuneration	31,138,653	99.88	35,859	0.12	45,246	26.32
13	Authority to allot shares	31,115,035	99.77	72,753	0.23	31,970	26.33
14	Authority to disapply pre-emption rights	30,973,007	99.45	171,320	0.55	75,647	26.30
15	Authority to buy back shares	31,041,913	99.63	115,738	0.37	62,323	26.31
16	Authority to call general meeting on 14 days' notice	30,599,826	98.13	583,523	1.87	36,625	26.33

* With the agreement of the Meeting Resolution 2 was amended to read "To approve the Company's remuneration policy as set out on pages 53 to 62 of the annual report".

For the purposes of section 341 of the Companies Act 2006, the votes validly cast are expressed in the table above as a percentage of the Company's total voting rights as at the close of business on 3 April 2020, being the time at which a shareholder had to be registered in the register of members in order to attend and vote at the AGM.  A vote "withheld" is not a vote in law and has not been counted as a vote "for" or "against" a resolution.

The number of ordinary shares in issue at the date of this announcement is 118,433,786, with no ordinary shares held in treasury.  As at the date of this announcement the, Company's total voting rights therefore comprises 118,433,786 shares with one vote each.

Resolutions 14, 15 and 16 were passed as special resolutions. Copies of resolutions 13, 14, 15 and 16 will be filed at Companies House and have been submitted today to the National Storage Mechanism ("NSM") and will shortly be available for inspection on the NSM's website at www.morningstar.co.uk/uk/nsm.

Law Debenture Corporate Services Limited, Corporate Secretary

7 April 2020

Contact:  Debbie Fish, Tel: [phone]

The Law Debenture Corporation p.l.c. is registered in England, company registration number 30397. LEI number - 2138006E39QX7XV6PP21

 

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