Result of AGM

RNS Number : 7797J
NatWest Group plc
28 April 2022
 

NatWest Group   plc   -   Result   of   Annual General Meeting

28 April 2022

 

Following the Annual General Meeting held today at Gogarburn, Edinburgh EH12 1HQ, NatWest Group plc (the "Company") announces the results of the poll vote for each resolution as follows.   Resolutions 19, 20, 22, 23 and 25 to 27 were passed as special resolutions.

 

 


VOTES
FOR

%

VOTES
AGAINST

%

% of ISC VOTED

VOTES
WITHHELD

Resolution 1

To receive the 2021 Report and Accounts

 

36,256,226,628

99.99

4,270,580

0.01

85.71%

400,147,260

Resolution 2

To approve the Directors' Remuneration Policy

33,883,943,928

92.75

2,649,384,392

7.25

86.36%

126,953,196

Resolution 3

To approve the Annual Report on Remuneration in the Directors' Remuneration Report

36,237,314,672

98.87

414,528,384

1.13

86.64%

8,356,700

Resolution 4

To declare a final dividend of 7.5 pence per ordinary share

36,636,298,020

99.94

21,477,236

0.06

86.65%

2,497,336

Resolution 5

To re-elect Howard Davies as a Director

35,837,758,484

97.77

817,139,400

2.23

86.65%

5,349,548

Resolution 6

To re-elect Alison Rose-Slade as a Director

36,349,901,100

99.17

305,126,148

0.83

86.65%

5,145,304

Resolution 7

To re-elect Katie Murray as a Director

 

36,633,538,964

99.95

18,950,896

0.05

86.64%

7,679,172

Resolution 8

To re-elect Frank Dangeard as a Director

29,459,990,820

80.38

7,191,766,308

19.62

86.64%

8,407,008

Approval of Frank Dangeard's
re-election by independent shareholders only

9,062,860,492

55.76

7,191,766,308

44.24

79.69%

8,407,008

Resolution 9

To re-elect Patrick Flynn as a Director

36,333,533,172

99.14

316,877,396

0.86

86.64%

9,748,576

Approval of Patrick Flynn's re-election by independent shareholders only

15,936,402,844

98.05

316,877,396

1.95

79.68%

9,748,576

Resolution 10

To re-elect Morten Friis as a Director

36,043,546,816

98.35

605,984,960

1.65

86.63%

10,641,032

Approval of Morten Friis' re-election by independent shareholders only

15,646,416,488

96.27

605,984,960

3.73

79.68%

10,641,032

Resolution 11

To re-elect Robert Gillespie as a Director

35,818,344,152

97.73

833,133,592

2.27

86.64%

8,695,264

Approval of Robert Gillespie's re-election by independent shareholders only

15,421,213,824

94.87

833,133,592

5.13

79.69%

8,695,264

Resolution 12

To re-elect Yasmin Jetha as a Director

36,641,708,504

99.97

10,362,796

0.03

86.64%

8,097,336

Approval of Yasmin Jetha's re-election by independent shareholders

16,244,578,176

99.94

10,362,796

0.06

79.69%

8,097,336

Resolution 13

To re-elect Mike Rogers as a Director

36,273,002,496

98.97

378,076,752

1.03

86.64%

9,085,040

Approval of Mike Rogers're-election by independent shareholders only

15,875,872,168

97.67

378,076,752

2.33

79.69%

9,085,040

Resolution 14

To re-elect Mark Seligman as a Director

36,274,797,056

98.97

376,576,944

1.03

86.64%

8,784,408

Approval of Mark Seligman's re-election by independent shareholders only

15,877,666,728

97.68

376,576,944

2.32

79.69%

8,784,408

Resolution 15

To re-elect Lena Wilson as a Director

36,575,947,996

99.79

75,845,056

0.21

86.64%

8,369,252

Approval of Lena Wilson's re-election by independent shareholders only

16,178,817,668

99.53

75,845,056

0.47

79.69%

8,369,252

Resolution 16

To re-appoint Ernst & Young LLP as auditors

36,349,451,420

99.16

306,680,040

0.84

86.65%

4,153,096

Resolution 17

To authorise the Group Audit Committee to fix the remuneration of the auditors

36,650,358,236

99.98

5,779,880

0.02

86.65%

4,150,160

Resolution 18

To renew the directors' authority to allot shares in the Company

36,146,651,372

98.61

508,649,596

1.39

86.65%

4,648,036

Resolution 19

To renew the directors' authority to allot equity securities on a non pre-emptive basis in connection with an offer or issue of equity securities

36,579,472,708

99.81

68,342,980

0.19

86.63%

12,166,628

Resolution 20

To renew the directors' authority to allot equity securities on a non pre-emptive basis in connection with the purposes

of financing a transaction

36,008,025,720

98.25

641,460,572

1.75

86.63%

10,496,888

Resolution 21

To renew the directors' authority to allot ordinary shares or grant rights to subscribe for or to convert any security into ordinary shares in relation to  Equity Convertible Notes

36,345,253,068

99.17

304,289,184

0.83

86.63%

10,362,356

Resolution 22

To renew the directors' authority to allot equity securities on a non pre-emptive basis in connection with Equity Convertible Notes  

36,239,519,588

98.89

408,369,452

1.11

86.63%

12,013,976

Resolution 23

To renew the authority to permit the holding of General Meetings on 14 clear days' notice

35,943,283,764

98.06

711,583,004

1.94

86.65%

4,608,252

Resolution 24

To renew the authority in respect of political donations and expenditure by the Company in terms of Section 366 of the Companies Act 2006

36,449,960,888

99.44

206,463,928

0.56

86.65%

3,391,748

Resolution 25

To renew the authority for the Company to purchase its own shares on a recognised investment exchange

36,325,720,640

99.10

330,224,316

0.90

86.65%

4,272,700

Resolution 26

To renew the authority to make off-market purchases of ordinary shares from HM Treasury

16,225,472,008

99.80

32,545,616

0.20

38.43%

846,227,124

Resolution 27

To authorise the Company to make off-market purchases of preference securities

36,614,870,408

99.89

40,199,816

0.11

86.65%

4,764,524

Resolution 28

To support the "Say on Climate" resolution

33,666,256,300

92.58

2,698,582,140

7.42

85.96%

295,378,568

 

* A vote Withheld is not a vote in law and is not counted in the calculation of the proportion of votes

"For" and "Against" a resolution.

 

 

In accordance with the UK Listing   Authority ' s listing rules, a copy of the resolutions that do not constitute ordinary business at an annual general meeting will shortly be available for inspection at the National Storage Mechanism which is located at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism

 

A full text of the resolutions can be found in the Notice of Meeting which is available on the Company's website at  www.natwestgroup.com .

 

Resolution 8

The Board is pleased that all resolutions were passed at today's AGM and would like to thank shareholders for their engagement and support throughout the year. We note, however, that resolution 8 (re-election of Frank Dangeard) was passed with a lower level of support, particularly on the vote by independent shareholders.

 

The Company complies with regulatory limits on the number of directorships that directors of significant banks can hold. Non-executive directors' time commitment is considered at least annually during year-end review meetings with the Chairman, and also by the Board whenever a director seeks approval for a new external appointment.

 

The Board understands however that some shareholders have expressed concerns regarding the number of directorships that Mr Dangeard holds. The Chairman intends to engage with and listen to shareholders to understand their concerns.

 

Mr Dangeard brings considerable business experience and global expertise to the Board. Mr Dangeard attended all scheduled Board and Committee meetings during the year. The Board is entirely comfortable that Mr Dangeard is able to devote sufficient time to his duties and greatly values his contribution.

 

As at 26 April 2022 (being the latest date by which shareholders who wanted to vote at the Annual General Meeting must have been entered on the company's Register of Members) the total number of voting rights in the company was 42,278,361,232. 

 

Contact

 

Media Relations

+44 (0)131 523 4205

 

 

Legal Entity Identifier: 2138005O9XJIJN4JPN90

 

 

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