Result of AGM

RNS Number : 5723X
Capital & Counties Properties Plc
06 May 2016
 

The following amendment has been made to the 'Result of AGM' announcement released on 6 May 2016 at 16.15pm under RNS No 5621X.

 

A typographical error has been amended, and marked with an asterisk (*). All other details remain unchanged. The full amended text is shown below.

 

6 May 2016

 

CAPITAL & COUNTIES PROPERTIES PLC (the "Company")

 

RESOLUTIONS PASSED AT 2016 ANNUAL GENERAL MEETING

 

The results of the voting by poll on the resolutions put to the Company's Annual General Meeting held today are as follows:

 

Resolutions

For:

%

Against:

%

Total votes cast:

% of issued share capital

Withheld:

1.    To receive the accounts and reports of the Directors and the Auditors for the year ended 31 December 2015

644,586,230

100

7,286

0.00

644,593,516

76.52

2,292,254

2.    To declare a final dividend of 1.0 pence per ordinary share

646,739,917

100

1,645

0.00

646,741,562

76.78

144,208

3.    To re-elect Ian Durant as a Director

636,548,982

98.70

8,382,455

1.30

644,931,437

76.56

1,954,333

4.    To re-elect Ian Hawksworth as a Director

615,126,083

95.11

31,614,206

4.89

646,740,289

76.78

145,481

5.    To re-elect Soumen Das as a Director

646,258,209

99.93

482,080

0.07

646,740,289

76.78

145,481

6.    To re-elect Gary Yardley as a Director

646,258,534

99.93

481,755

0.07

646,740,289

76.78

145,481

7.    To re-elect Graeme Gordon as a Director

646,037,843

99.89

702,446

0.11

646,740,289

76.78

145,481

8.    To re-elect Gerry Murphy as a Director

646,241,426

99.92

498,296

0.08

646,739,722

76.78

146,048

9.    To re-elect Demetra Pinsent as a Director

646,255,250

99.93

485,039

0.07

646,740,289

76.78

145,481

10. To re-elect Henry Staunton as a Director

645,603,485

99.82

1,136,296

0.18

646,739,781

76.78

145,989

11. To re-elect Andrew Strang as a Director

646,241,849

99.92

498,440

0.08

646,740,289

76.78

145,481

12. To elect Anthony Steains as a Director

645,923,700

99.87

816,022

0.13

646,739,722

76.78

146,048

13. To re-appoint PricewaterhouseCoopers LLP as Auditors

641,542,213

100

15,215

0.00

641,557,428

76.16

5,328,342

14. To authorise the Directors to determine the Auditors' remuneration

646,739,386

100

2,549

0.00

646,741,935

76.78

143,835

15. To approve the Directors' Remuneration Report for the year ended 31 December 2015

632,017,361

97.94

13,297,296

2.06

645,314,657

76.61

1,571,113

16. To authorise the Directors to allot the unissued share capital up to a specified amount (s.551) (Companies Act 2006)

518,281,031

80.22

127,818,375

19.78

646,099,406

76.70

786,364

17. Special Resolution: To disapply pre-emption provisions of s.561(1) of the Companies Act up to a specified amount

600,758,170

92.89

45,978,851

7.11

646,737,021

76.78

148,749

18. Special Resolution: To authorise the Company to purchase its own shares

640,346,186

99.01

6,394,304

0.99

646,740,490

76.78

145,280

19. Special Resolution: To allow General Meetings (other than AGMs) to be held on 14 clear days' notice

612,872,239

94.76

33,868,140

5.24

646,740,379

76.78

145,390

 

Notes:

1.     Any proxy appointments which gave discretion to the Chairman have been included in the 'for' total.

2.      A 'vote withheld' is not a vote in law and is not counted in the calculation of the proportion of the votes for or against a resolution.

3.      Total voting rights of shares in issue: 842,335,067. Every shareholder has one vote for every ordinary share held.

 

Following the approval of the 2015 final dividend, it is confirmed that the scrip dividend alternative will be offered to shareholders in respect of the dividend.

The Board notes that, although resolution 16 was passed with the requisite majority, 19.78%* of votes received were against the resolution. This voting outcome reflects differing market practice between the UK and South Africa. As a UK premium listed company, the Board considers it appropriate to seek authority in line with the Investment Association's Share Capital Management Guidelines, to allow the Company to respond to market developments and to enable allotments to take place to finance business opportunities as they arise. However, market practice for South African institutional shareholders is to vote on proposed allotments of shares on a case by case basis.

In accordance with paragraph 9.6.2 of the Listing Rules, copies of the resolutions passed at the meeting, other than resolutions concerning ordinary business, have been submitted to the National Storage Mechanism and will shortly be available for inspection at: http://www.morningstar.co.uk/uk/NSM

 

Enquiries:

 

Ruth Pavey

Company Secretary

Telephone +44 20 3214 9184

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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