Result of AGM

RNS Number : 1387M

Next PLC

18 May 2010

 



Contacts:	David Keens, Group Finance Director
	NEXT PLC
	Tel:  [phone]
	Alistair Mackinnon-Musson
	Nathan Field
	Hudson Sandler
	Tel:  [phone]
	Email:  [e-mail]

NEXT PLC

Results of 2010 Annual General Meeting ("AGM")

The Board of Next plc is pleased to announce that, at the AGM of Next shareholders held on 18 May 2010, all resolutions as set out in the Notice of Meeting contained in the Annual Report and Accounts for the year ended 30 January 2010 were passed. All resolutions were put to the meeting and approved on a poll and results are detailed below.

The total number of shares in issue at the date of the AGM is 185,184,338.

		For		Against		TOTAL VOTES CAST	Votes withheld1
Resolution	Special / Ordinary	No. of Votes	%	No. of Votes	%	No. of Votes	No. of Votes
1. To receive and adopt the accounts and reports of the directors and auditors	Ordinary	122,604,360	99.95	66,739	0.05	122,671,099	164,856
2. To approve the remuneration report	Ordinary	113,746,472	96.00	4,736,671	4.00	118,483,143	4,352,812
3. To declare a final dividend of 47p per share	Ordinary	122,708,172	100.00	2,218	0.00	122,710,390	125,565
4. To re-elect Steve Barber as a director	Ordinary	118,716,053	96.75	3,990,007	3.25	122,706,060	129,895
5. To re-elect David Keens as a director	Ordinary	118,655,569	96.70	4,050,532	3.30	122,706,101	129,854
6. To re-appoint Ernst & Young LLP as auditors and authorise the directors to set their remuneration	Ordinary	122,443,746	99.78	264,836	0.22	122,708,582	127,373
7. To approve the Next 2010 Share Matching Plan	Ordinary	114,313,771	93.51	7,930,037	6.49	122,243,808	592,147
8. Authority to allot shares	Ordinary	112,471,754	94.29	6,816,392	5.71	119,288,146	3,547,809
9. Authority to disapply pre-emption rights	Special	122,643,745	99.97	39,219	0.03	122,682,964	152,991
10. Authority for on-market purchase of own shares	Special	118,642,496	98.89	1,335,028	1.11	119,977,524	2,858,431
112. Authority to enter into Programme Agreements with each of Goldman Sachs International, UBS AG, Deutsche Bank AG and Barclays Bank plc Less votes disregarded under the provisions of the Companies Act 2006 Resolution 11 total	Special	118,864,666 (9,500,000)2 109,364,666	96.85 96.59	3,861,328 3,861,328	3.15 3.41	122,725,994 (9,500,000)2 113,225,994	109,961 109,961
12. To approve and adopt new Articles of Association	Special	120,401,793	99.75	302,700	0.25	120,704,493	2,131,462
13. To authorise the calling of general meeting (other than annual general meetings) on 14 clear days' notice	Special	111,868,427	91.26	10,718,254	8.74	122,586,681	249,274

Note¹:  The 'Vote Withheld' option is provided to enable the shareholder to abstain on any resolution. It is not a vote in law and is not counted in the calculation of the proportion of votes for and against a resolution.

Note²: The total maximum number of Ordinary Shares which may be purchased by Next for cancellation pursuant to such contingent purchase contracts is 9.5 million. As explained in the Notice of Meeting, Next has disregarded 9.5 million votes from both the total number of votes cast in favour of the resolution and the total votes cast so that the voting of those shares did not affect the result of the poll.

Two copies of the resolutions passed as special business at the AGM have been submitted to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at Financial Services Authority, 25 The North Colonnade, Canary Wharf, London, E14 5HS.

 

END

 

 

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