Result of AGM

Quilter PLC
18 May 2023
 

18 May 2023

Quilter plc

 

Result of Annual General Meeting 2023

 

Quilter plc (the "Company") announces that at its Annual General Meeting ("AGM") held earlier today, all the resolutions put to shareholders were passed by the requisite majorities. Resolutions 1 to 16 and resolution 20 were passed as ordinary resolutions and resolutions 17 to 19 and resolution 21 were passed as special resolutions.

 

The Company notes that more than 20% of the votes cast on resolution 16 ("To authorise political donations by the Company and its subsidiaries") were against that resolution. 

 

The Company has actively engaged with our shareholders on this issue since Listing in 2018 and understand their concerns which reflect a difference in market practice for many of our South African shareholders. The Company will continue to engage with shareholders in accordance with the UK Corporate Governance Code and will provide an update on these discussions in due course.

 

The results of the poll are set out below.

 

 

Resolution

Number of votes cast "For" the resolution

 % of votes cast "For" the resolution

Number of votes cast "Against" the resolution

 % of votes cast "Against" the resolution

Total number of votes cast

% of issued share capital voted

Number of votes Withheld

1.

To receive the 2022 Report and Accounts

1,031,326,981

100.00

25,354

0.00

1,031,352,335

73.45%

3,333,572

2.

To approve the Remuneration Report (excluding the Directors' Remuneration Policy)

969,593,126

93.79

64,166,266

6.21

1,033,759,392

73.62%

925,097

3.

To declare a final dividend

1,033,751,201

100.00

40,240

0.00

1,033,791,441

73.63%

895,884

4.

To re-elect Neeta Atkar as a Director

1,033,385,157

99.96

390,927

0.04

1,033,776,084

73.63%

908,405

5.

To re-elect Tim Breedon as a Director

1,033,383,437

99.96

390,864

0.04

1,033,774,301

73.63%

910,248

6.

To re-elect Tazim Essani as a Director

1,032,398,002

99.87

1,378,108

0.13

1,033,776,110

73.63%

908,459

7.

To re-elect Moira Kilcoyne as a Director

1,033,389,678

99.96

385,731

0.04

1,033,775,409

73.63%

909,080

8.

To re-elect Steven Levin as a Director

1,033,396,285

99.96

384,362

0.04

1,033,780,647

73.63%

903,842

9.

To re-elect Ruth Markland as a Director

1,030,937,831

99.89

1,118,347

0.11

1,032,056,178

73.50%

2,628,311

10.

To re-elect Paul Matthews as a Director

1,033,369,766

99.96

404,475

0.04

1,033,774,241

73.63%

910,248

11.

To re-elect George Reid as a Director

1,033,266,257

99.95

509,815

0.05

1,033,776,072

73.63%

906,999

12.

 

To re-elect Chris Samuel as a Director

1,002,265,930

96.95

31,509,981

3.05

1,033,775,911

73.63%

908,578

13.

To re-elect Mark Satchel as a Director

1,024,478,249

99.10

9,303,795

0.90

1,033,782,044

73.63%

903,863

14.

To re-appoint Pricewaterhouse-Coopers LLP as Auditor of the Company

1,031,995,199

99.83

1,762,784

0.17

1,033,757,983

73.62%

927,924

15.

To authorise the Board Audit Committee to determine the remuneration of the Auditor

1,033,714,076

99.99

53,152

0.01

1,033,767,228

73.62%

918,679

16.

To authorise political donations or expenditure by the Company and its subsidiaries

774,783,580

74.95

259,001,404

25.05

1,033,784,984

73.63%

900,923

17.

To authorise the Company to purchase its own shares*

1,031,791,429

99.83

1,802,402

0.17

1,033,593,831

73.61%

1,093,494

18.

To authorise the Company to enter into Contingent Purchase Contracts*

 

 

 

1,031,781,655

 

 

 

99.83

 

 

 

1,802,779

 

 

 

0.17

 

 

 

1,033,584,434

 

 

 

73.61%

 

 

 

1,100,055

19.

To amend the Company's Articles of Association in respect of an Odd-lot Offer*

1,033,690,158

99.99

85,074

0.01

1,033,775,232

73.63%

909,257

20.

To authorise the Directors to implement an Odd-lot Offer

1,031,962,516

99.82

1,811,716

0.18

1,033,774,232

73.63%

910,257

21.

To approve a contract to purchase shares in respect of an Odd-lot Offer*

1,031,962,516

99.82

1,812,342

0.18

1,033,774,858

73.63%

909,631

*Special resolution

 

Notes:

i.    As at 6:30pm on 16 May 2023, the time by which shareholders who wanted to vote at the AGM must have been entered on the Company's register of members, the number of issued shares in the Company was 1,404,105,498 ordinary shares. In accordance with the Company's articles of association, on a poll every member present in person or by proxy had one vote for every share held.

 

ii.    Votes withheld are not votes in law and therefore have not been counted in the calculation of the proportion of the votes for or against a resolution.

 

iii.   All percentages are shown to two decimal places.

 

Pursuant to UK Listing Rule 9.6.2R, copies of all resolutions, other than those concerning ordinary business, passed at the AGM today will be submitted to and available for inspection at the National Storage Mechanism and will shortly be available to view at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.  

 

The poll results will also be available shortly on the Company's website at plc.quilter.com/gm.

 

 

- ends -

 

 

 

Enquiries:



Investor Relations:

John-Paul Crutchley

 

 

+44 (0)7741 385 251

Company Secretary:

Clare Barrett

 

+44 (0)7741 384 512

 

Camarco  

Geoffrey Pelham-Lane

 

 

+44 (0)20 3757 4985

 

About Quilter plc:

Quilter plc is a leading UK-centric wealth management business, helping to create prosperity for the generations of today and tomorrow.

 

Quilter oversees £101.9 billion in customer investments (as at 31 March 2023).

 

It has an adviser and customer offering spanning financial advice, investment platforms, multi-asset investment solutions, and discretionary fund management.

 

The business is comprised of two segments: Affluent and High Net Worth.

 

Affluent encompasses the financial planning businesses, Quilter Financial Planning, the Quilter Investment Platform and Quilter Investors, the Multi-asset investment solutions business.

 

High Net Worth includes the discretionary fund management business, Quilter Cheviot, together with Quilter Private Client Advisers.

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