Result of AGM

RNS Number : 2238N
Capital & Counties Properties Plc
04 May 2018
 

4 May 2018

 

CAPITAL & COUNTIES PROPERTIES PLC (the "Company")

 

RESOLUTIONS PASSED AT 2018 ANNUAL GENERAL MEETING

 

The results of the voting by poll on the resolutions put to the Company's 2018 Annual General Meeting held on 4 May 2018 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 2017

601,957,154

99.93%

425,400

0.07%

 

602,382,554

70.94%

361,019

2.    To declare a final dividend of 1 pence per ordinary share

602,412,197

100.00%

3,351

0.00%

602,415,548

70.95%

328,025

3.    To re-elect Ian Durant as a Director

558,776,396

93.65%

37,896,493

6.35%

596,672,889

70.27%

6,070,682

4.    To re-elect Ian Hawksworth as a Director

593,662,950

98.55%

8,748,231

1.45%

602,411,181

70.95%

332,392

5.    To re-elect Situl Jobanputra as a Director

601,269,759

99.81%

1,133,070

0.19%

602,402,829

70.95%

340,744

6.    To re-elect Gary Yardley as a Director

601,728,584

99.89%

682,597

0.11%

602,411,181

70.95%

332,392

7.    To elect Charlotte Boyle as a Director

601,978,115

99.93%

412,777

0.07%

602,390,892

70.94%

352,681

8.    To re-elect Graeme Gordon as a Director

601,683,154

99.88%

707,738

0.12%

602,390,892

70.94%

352,681

9.    To re-elect Gerry Murphy as a Director

600,900,958

99.75%

1,489,934

0.25%

602,390,892

70.94%

352,681

10. To re-elect Henry Staunton as a Director

594,645,139

99.34%

3,943,640

0.66%

598,588,779

70.50%

4,154,793

11. To re-elect Andrew Strang as a Director

601,522,910

99.86%

867,982

0.14%

602,390,892

70.94%

352,681

12. To re-elect Anthony Steains as a Director

601,493,868

99.85%

897,000

0.15%

602,390,868

70.94%

352,705

13. To re-appoint PricewaterhouseCoopers LLP as Auditors

598,188,739

99.93%

404,464

0.07%

598,593,203

70.50%

4,150,369

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

602,363,558

99.99%

30,482

0.01%

602,394,040

70.94%

349,033

15. To approve the Directors' Remuneration Report for the year ended 31 December 2017 (other than the Remuneration Policy)

577,067,034

97.48%

14,891,662

2.52%

591,958,696

69.72%

10,784,876

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

390,609,850

68.23%

181,838,961

31.77%

572,448,811

67.42%

30,294,262

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

528,735,346

88.42%

69,252,439

11.58%

597,987,785

70.43%

4,755,788

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

549,088,326

95.64%

25,004,477

4.36%

574,092,803

67.61%

28,650,269

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

560,788,500

93.09%

41,595,493

6.91%

602,383,993

70.94%

359,580

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: 849,103,915. Every shareholder has one vote for every ordinary share held.

 

The Board notes that although resolution 16 was passed with the requisite majority, 31.77% 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 authorities 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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