Result of AGM

RNS Number : 4622R

Redrow PLC

03 November 2011

 



03 November 2011

Redrow plc

Results of AGM

Redrow plc is pleased to announce that at its AGM held earlier today all resolutions put to the meeting were passed on a show of hands.  A breakdown of proxy votes lodged prior to the AGM and the result of the poll is set out below.

Resolution	In Favour Votes	%	Against Votes	%	Discretion Votes	%	Withheld Votes
1	226,049,153	99.59	864,741	0.38	64,086	0.03	1,927
2	217,160,270	96.07	8,821,053	3.90	52,916	0.03	945,668
3	218,845,525	96.42	8,072,509	3.56	55,140	0.02	6,733
4	218,836,173	96.42	8,080,756	3.56	53,016	0.02	9,962
5	212,893,652	95.60	9,751,146	4.38	54,916	0.02	4,280,193
6	213,178,556	93.92	13,737,177	6.05	52,916	0.03	11,258
7	218,031,866	96.06	8,880,792	3.91	55,094	0.03	12,155
8	226,838,892	99.95	69,736	0.03	54,016	0.02	17,263
9	224,743,760	99.44	1,203,333	0.53	54,113	0.03	978,701
10	215,232,023	99.47	1,095,793	0.51	51,342	0.02	10,599,734
11*	-	-	-	-		-	-
12	266,775,956	99.93	107,565	0.05	55,385	0.02	41,001
13	225,921,470	99.67	688,308	0.30	51,070	0.03	319,059
14	220,477,435	97.14	6,427,246	2.83	52,651	0.03	22,575

N.B Percentage of Votes cast exclude Withheld Votes

*Following the notification made by the Company earlier today that Steve Morgan has acquired an additional 145,000 shares in the capital of the Company, the Company withdrew Resolution 11 from the Meeting and it was not put to a vote at the Meeting.  If in due course the Company intends to pursue a buyback by making use of the general authority to make market purchases granted by Resolution 13, the Company will either at that time seek a Rule 9 Waiver from the Takeover Panel which would require approval by the independent shareholders, or, alternatively, Steve Morgan would need to sell shares in any such buyback pro rata to his existing percentage holding in order that his aggregate shareholding does not increase to a level above 30% of the total share capital of the Company.

 

END

 

 

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