Result of Annual General Meeting

RNS Number : 3516T
Mitchells & Butlers PLC
24 March 2021
 

24 March 2021

Mitchells & Butlers plc (the "Company")

LEI no. 213800JHYNDNB1NS2W10

 

Result of Annual General Meeting

 

 

Mitchells & Butlers plc announces the results of the voting at the Company's Annual General Meeting held today, 24 March 2021, by telephone at 10.00a.m.

 

All the resolutions were voted on by way of a poll and the results of each resolution are shown below.  All resolutions were duly approved by the relevant majority in each case. Resolutions 20 and 21 were passed as special resolutions. All other resolutions were passed as ordinary resolutions and, in the case of resolutions 6, 11, 12, 14 and 16, were also passed by a majority of the independent shareholders voting on the resolution, in accordance with LR 9.2.2ER.

 

 

 



VOTES FOR (a)

%

VOTES AGAINST

%

VOTES TOTAL

% of ISC VOTED

VOTES WITHHELD (b)

1

Receipt of accounts

515,563,440

99.93%

356,740

0.07%

515,920,180

86.54%

487,814

2

Approval of Annual Report on Remuneration

513,229,539

99.44%

2,889,973

0.56%

516,119,512

86.57%

286,976

3

Approval of Remuneration Policy

425,892,672

82.48%

90,447,384

17.52%

516,340,056

86.61%

61,932

4

Approval of Restricted Share Plan 2021

455,803,154

88.50%

59,223,524

11.50%

515,026,678

86.39%

1,378,979

5

Re-elect Keith Browne

403,641,142

80.11%

100,247,426

19.89%

503,888,568

84.52%

12,516,467

6

Re-elect Dave Coplin

504,082,821

97.64%

12,186,506

2.36%

516,269,327

86.59%

136,668

7

Re-elect Eddie Irwin

362,408,378

71.92%

141,480,591

28.08%

503,888,969

84.52%

12,515,750

8

Re-elect Bob Ivell

388,493,695

75.24%

127,833,039

24.76%

516,326,734

86.60%

79,321

9

Re-elect Tim Jones

515,496,074

99.84%

836,816

0.16%

516,332,890

86.60%

74,192

10

Re-elect Josh Levy

386,265,946

76.66%

117,628,611

23.34%

503,894,557

84.52%

12,511,590

11

Re-elect Jane Moriarty

504,273,927

97.67%

12,027,494

2.33%

516,301,421

86.60%

104,349

12

Re-elect Susan Murray

504,281,272

97.67%

12,017,465

2.33%

516,298,737

86.60%

100,696

13

Re-elect Ron Robson

373,633,434

74.15%

130,256,462

25.85%

503,889,896

84.52%

12,515,874

14

Re-elect Colin Rutherford

504,213,182

97.67%

12,037,431

2.33%

516,250,613

86.59%

155,156

15

Re-elect Phil Urban

515,539,367

99.85%

784,565

0.15%

516,323,932

86.60%

83,801

16

Re-elect Imelda Walsh

504,196,423

97.66%

12,054,969

2.34%

516,251,392

86.59%

153,490

17

Reappointment of auditor

515,954,249

99.92%

411,653

0.08%

516,365,902

86.61%

40,019

18

Auditor's remuneration

516,188,685

99.97%

172,173

0.03%

516,360,858

86.61%

44,912

19

Political donations

514,613,018

99.69%

1,595,865

0.31%

516,208,883

86.58%

196,000

20

Amendments to Articles (c)

516,243,114

99.98%

90,541

0.02%

516,333,655

86.60%

71,898

21

Notice period for meetings (c)

514,603,471

99.66%

1,767,927

0.34%

516,371,398

86.61%

33,402

 

VOTES EXCLUDING THE CONTROLLING SHAREHOLDER ON THE RESOLUTIONS CONCERNING THE RE-ELECTION OF THE INDEPENDENT NON-EXECUTIVE DIRECTORS



VOTES FOR (a)

%

VOTES AGAINST

%

VOTES TOTAL

% of ISC VOTED (excluding controlling shareholders)

VOTES WITHHELD (b)

6

Re-elect Dave Coplin (d)

165,249,126

93.13%

12,186,506

6.87%

177,435,632

68.94%

136,668

11

Re-elect Jane Moriarty (d)

165,440,232

93.22%

12,027,494

6.78%

177,467,726

68.96%

104,349

12

Re-elect Susan Murray (d)

165,447,577

93.23%

12,017,465

6.77%

177,465,042

68.95%

100,696

14

Re-elect Colin Rutherford (d)

165,379,487

93.22%

12,037,431

6.78%

177,416,918

68.94%

155,156

16

Re-elect Imelda Walsh (d)

165,362,728

93.21%

12,054,969

6.79%

177,417,697

68.94%

153,490

 

NOTES:

(a) The "For" vote includes those giving the Chairman discretion.

(b) A vote "Withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" the resolution.

(c) Passed as a special resolution.

(d) Passed both as an ordinary resolution by a majority of all shareholders and by a majority of the independent shareholders voting on the resolution, in accordance with LR 9.2.2ER.

 

Votes "For" and "Against" are expressed as a percentage of votes received.  Voting was conducted by a poll.

 

The Board notes the level of votes against resolutions 7, 10 and 13 concerning individuals who represent the Company's controlling shareholder (as defined in the Listing Rules) (the "controlling shareholder") and resolution 8 concerning the Chairman.  The UK Corporate Governance Code (the "Code") contains best practice recommendations in relation to corporate governance yet acknowledges that, in individual cases, these will not all necessarily be appropriate for particular companies.  Accordingly, the Code specifically recognises the concept of "Comply or Explain" in relation to divergences from the Code and the Company has explained the circumstances of these appointments in detail in its 2020 Annual Report.

The number of shares in issue at 6.30p.m. on 22 March 2021 was 596,198,205, of which 257,364,510 were held by shareholders other than the controlling shareholder.

 

The full text of the resolutions can be found in the Notice of Annual General Meeting, which is available for inspection at the National Storage Mechanism https://data.fca.org.uk/#/nsm/nationalstoragemechanism and also on the Company's website at www.mbplc.com.

 

Denise Burton

Deputy Company Secretary

 

 

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