Result of AGM

Prudential PLC
25 May 2023
 

25 May 2023

 

Prudential plc

 

Results of Annual General Meeting held on 25 May 2023

 

Prudential plc (the "Company") announces that at its Annual General Meeting ("AGM") held earlier today, Resolutions 1 to 25 (inclusive) as ordinary resolutions together with Resolutions 26 to 30 (inclusive) as special resolutions, were duly passed and the results of the polls are as follows:

 


RESOLUTION

VOTES FOR

% OF VOTES CAST

VOTES AGAINST

% OF VOTES CAST

VOTES CAST IN TOTAL

TOTAL VOTES CAST AS A % OF ISSUED SHARE CAPITAL

VOTES WITHHELD

1     

To receive and consider the Accounts for the financial year ended 31 December 2022 together with the, Strategic Report, Directors' Remuneration Report, Directors' Report and the Auditor's Report (the '2022 Annual Report')

2,258,709,618

99.96

817,276

0.04

2,259,526,894

82.07%

27,166,941

2     

To approve the  Directors' Remuneration Report for the year ended 31 December 2022

2,096,173,741

94.69

117,660,098

5.31

2,213,833,839

80.41%

72,859,272

3     

To approve the revised Directors' Remuneration Policy

2,176,820,906

95.71

97,529,901

4.29

2,274,350,807

82.61%

12,342,304

4     

To elect Arijit Basu as a Director of the Company

2,275,058,669

99.53

10,707,472

0.47

2,285,766,141

83.02%

925,204

5     

To elect Claudia Suessmuth Dyckerhoff as a Director of the Company

2,231,561,566

97.63

54,199,889

2.37

2,285,761,455

83.02%

939,786

6     

To elect Anil Wadhwani as a Director of the Company

2,281,911,407

99.82

4,010,013

0.18

2,285,921,420

83.03%

769,821

7     

To re-elect Shriti Vadera as a Director of the Company

2,232,527,140

97.66

53,409,330

2.34

2,285,936,470

83.03%

764,771

8     

To re-elect Jeremy Anderson as a Director of the Company

2,274,783,955

99.51

11,153,505

0.49

2,285,937,460

83.03%

753,781

9     

To re-elect Chua Sock Koong as a Director of the Company

2,138,748,916

94.03

135,687,826

5.97

2,274,436,742

82.61%

12,254,499

10  

To re-elect David Law as a Director of the Company

2,228,582,864

97.98

45,858,342

2.02

2,274,441,206

82.61%

12,249,788

11  

To re-elect Ming Lu as a Director of the Company

2,247,328,295

98.31

38,599,607

1.69

2,285,927,902

83.03%

763,339

12  

To re-elect George Sartorel as a Director of the Company

2,281,834,705

99.82

4,099,682

0.18

2,285,934,387

83.03%

756,494

13  

To re-elect Jeanette Wong as a Director of the Company

2,273,180,720

99.50

11,442,252

0.50

2,284,622,972

82.98%

2,068,269

14  

To re-elect Yok Tak Amy Yip as a Director of the Company

2,275,174,944

99.53

10,760,949

0.47

2,285,935,893

83.03%

755,348

15  

To appoint Ernst & Young LLP as the Company's auditor until the conclusion of the next general meeting at which the Company's account are laid

2,242,036,184

98.08

43,904,404

1.92

2,285,940,588

83.03%

750,653

16  

To authorise the Company's Audit Committee, on behalf of the Board, to determine the amount of the auditor's remuneration

2,282,205,458

99.84

3,732,801

0.16

2,285,938,259

83.03%

752,982

17  

To renew the authority to make political donations

2,246,464,246

98.27

39,566,620

1.73

2,286,030,866

83.03%

660,375

18  

To approve the Prudential Sharesave Plan 2023

2,282,333,068

99.85

3,506,921

0.15

2,285,839,989

83.02%

851,252

19  

To approve the Prudential Long Term Incentive Plan 2023

2,237,224,444

97.90

48,046,134

2.10

2,285,270,578

83.00%

1,420,663

20  

To approve the Prudential International Savings-Related Share Option Scheme for Non-Employees (ISSOSNE) and the amended rules

2,280,545,831

99.79

4,705,795

0.21

2,285,251,626

83.00%

1,439,615

21  

To approve the ISSOSNE Service Provider Sublimit

2,283,119,508

99.92

1,864,461

0.08

2,284,983,969

82.99%

1,537,272

22  

To approve the Prudential Agency Long Term Incentive Plan (Agency LTIP)

2,266,486,455

99.21

17,974,262

0.79

2,284,460,717

82.97%

2,230,236

23  

To approve the Agency LTIP Service Provider Sublimit

2,269,830,114

99.36

14,610,139

0.64

2,284,440,253

82.97%

2,250,700

24  

To renew the authority to allot ordinary shares

2,087,252,577

91.31

198,591,511

8.69

2,285,844,088

83.02%

846,865

25  

To renew the extension of authority to allot ordinary shares to include repurchased shares

2,175,903,605

95.43

104,166,973

4.57

2,280,070,578

82.81%

6,620,375

26  

To renew the authority for disapplication of pre-emption rights*

2,183,827,318

95.78

96,103,627

4.22

2,279,930,945

82.81%

6,760,008

27  

To renew the authority for disapplication of pre-emption rights for purposes of acquisitions or specified capital investments*

2,156,578,605

94.59

123,418,633

5.41

2,279,997,238

82.81%

6,693,715

28  

To renew the authority for purchase of own shares*

2,245,341,925

98.38

37,071,334

1.62

2,282,413,259

82.90%

4,277,694

29  

To approve and adopt new Articles of Association*

2,282,858,084

99.87

2,993,283

0.13

2,285,851,367

83.02%

839,586

30  

To renew the authority in respect of notice for general meetings*

2,170,914,699

94.97

115,020,540

5.03

2,285,935,239

83.03%

755,819

*Special resolution

 

The full text of Resolutions 17 to 30 (inclusive) is set out in the Notice of Annual General Meeting and explanation of business dated 21 April 2023.

 

As at 10.30am UK time/ 5.30pm Hong Kong/Singapore time on 23 May 2023, the number of issued shares of the Company was 2,753,212,731 ordinary shares, which was the total number of shares entitling the holders to attend and vote for or against all of the resolutions at the AGM. In accordance with the Company's Articles of Association, on a poll every member present in person or by proxy has one vote for every share held.

 

There were no restrictions on shareholders to cast votes on any of the resolutions proposed at the AGM, save for the Directors (excluding independent non-executive directors) and their respective associates who were required to abstain, and have abstained from voting on Resolution 24 which affected a total of 76,900 voting rights. Votes withheld are not votes in law and therefore have not been counted in the calculation of the proportion of the votes for and against a resolution. Proxy appointments which gave discretion to the Chair have been included in the total of votes 'for' the respective resolutions. The scrutineer of the poll was Equiniti Financial Services Limited, the Company's Share Registrar.

 

All Directors of the Company attended the AGM in person.

 

Pursuant to Listing Rule 9.6.2 of the UK Listing Rules, a copy of all resolutions, other than those concerning ordinary business, passed at the AGM on 25 May 2023, will shortly be available to view on the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

Additional Information:

 

About Prudential plc

Prudential plc provides life and health insurance and asset management in 24 markets across Asia and Africa. The business helps people get the most out of life, by making healthcare affordable and accessible and by promoting financial inclusion. Prudential protects people's wealth, helps them grow their assets, and empowers them to save for their goals. The business has dual primary listings on the Stock Exchange of Hong Kong (2378) and the London Stock Exchange (PRU). It also has a secondary listing on the Singapore Stock Exchange (K6S) and a listing on the New York Stock Exchange (PUK) in the form of American Depositary Receipts. It is a constituent of the Hang Seng Composite Index and is also included for trading in the Shenzhen-Hong Kong Stock Connect programme and Shanghai-Hong Kong Stock Connect programme.

 

Prudential is not affiliated in any manner with Prudential Financial, Inc. a company whose principal place of business is in the United States of America, nor with The Prudential Assurance Company Limited, a subsidiary of M&G plc, a company incorporated in the United Kingdom. https://www.prudentialplc.com/

 

Contact:         

Tom Clarkson, Company Secretary, +44 (0)20 3977 9172

Sylvia Edwards , Deputy Group Secretary, +44 (0)20 3977 9214

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