RESULTS OF ANNUAL GENERAL MEETING

Workspace Group PLC

23 July 2026

 

23 July 2026

WORKSPACE GROUP PLC

RESULTS OF ANNUAL GENERAL MEETING

Workspace Group PLC ("Workspace" or the "Company") held its Annual General Meeting ("AGM") today.

Workspace is pleased to announce that all but one of the resolutions proposed by the Company (Resolutions 1-17, 19 and 20), including those to elect and re-elect all of the current Directors, as set out in the Notice of the Annual General Meeting dated 19 June 2026, were duly passed on a poll at today's AGM.

None of the resolutions requisitioned by Saba Capital Management L.P. ("Saba") (Resolutions 21 to 26), proposing to appoint six nominees to the Board in place of the current Non-Executive Directors, was passed.

Resolution 18, proposed as a special resolution by the Company and requiring 75% approval, did not pass. Consequently, the Company is not permitted to disapply pre-emption rights with respect to the allotment of equity securities.

Excluding the shares voted by Saba, the lowest number of votes cast in favour of the election or re-election (as applicable) of the current Board of Directors, in line with the Board's unanimous recommendation, was 87.13% of the votes cast on each relevant resolution.¹ Excluding the shares voted by Saba, the highest number of votes cast in support of the nominees proposed in Saba's requisitioned resolutions was 13.30% of the votes cast on all resolutions requisitioned by Saba.¹

The Board continues to welcome open and constructive dialogue with all shareholders, including Saba, and commits to continue to engage with shareholders in relation to the outcome of today's resolutions.

All resolutions were voted on by way of a poll and details of the votes cast on each resolution are in the table below. The vote was supervised by Civica Election Services, whom the Board appointed as independent assessor to report on the poll held at the AGM.

Duncan Owen, Chair of Workspace, commented:

"Today the majority of our shareholders have voted decisively to back the Board and our existing strategy to deliver sustainable value for all shareholders. We are grateful for their support and are fully focused on the delivery of our strategy under Charlie and Tom's leadership.

We remain committed to open and constructive dialogue with all of our shareholders. The Board regularly reassesses the need for refreshment to ensure an appropriate balance of skills, experience, independence and diversity, and believes that this is best achieved through an orderly, structured and independent process that considers Workspace's long-term strategic needs and the interests of all of our shareholders. We look forward to engaging further with shareholders following the outcome of today's AGM as part of that process."

RESOLUTION		VOTES FOR (including discretionary)		VOTES FOR (excluding Saba)1		VOTES AGAINST (including discretionary)		VOTES AGAINST (excluding Saba)1		TOTAL VOTES		VOTES WITHHELD*
		Number	%	Number	%	Number	%	Number	%	Number	% of ISC voted
Ordinary Resolutions unanimously recommended by the Board
1.	Receive and adopt 2026 Annual Report and Accounts	117,780,639	68.69%	117,780,639	100.00%	53,682,554	31.31%	4,710	0.00%	171,463,193	88.99%	799,720
2.	Approve 2026 Annual Remuneration Report	117,724,022	68.65%	117,724,022	99.93%	53,760,162	31.35%	82,318	0.07%	171,484,184	89.00%	778,729
3.	Approve Remuneration policy	117,715,221	68.64%	117,715,221	99.92%	53,774,994	31.36%	97,150	0.08%	171,490,215	89.01%	772,698
4.	Declare final dividend of 16.7p per ordinary share	171,507,207	100.00%	117,829,363	100.00%	5,039	0.00%	5,039	0.00%	171,512,246	89.02%	750,667
5.	Re-Elect Duncan Owen and increase maximum number of directors to the extent necessary	114,900,023	66.99%	114,900,023	97.51%	56,614,520	33.01%	2,936,676	2.49%	171,514,543	89.02%	748,370
6.	Elect Charlie Green and increase maximum number of directors to the extent necessary	170,567,166	99.45%	116,889,322	99.20%	940,848	0.55%	940,848	0.80%	171,508,014	89.01%	754,899
7.	Elect Tom Edwards-Moss and increase maximum number of directors to the extent necessary	170,590,660	99.47%	116,912,816	99.23%	907,677	0.53%	907,677	0.77%	171,498,337	89.01%	764,576
8.	Re-Elect Rosie Shapland and increase maximum number of directors to the extent necessary	115,867,552	67.33%	115,867,552	97.86%	56,214,745	32.67%	2,536,901	2.14%	172,082,297	89.31%	180,616
9.	Re-Elect Lesley-Ann Nash and increase maximum number of directors to the extent necessary	116,416,534	67.65%	116,416,534	98.32%	55,661,685	32.35%	1,983,841	1.68%	172,078,219	89.31%	184,694
10.	Re-Elect Manju Malhotra and increase maximum number of directors to the extent necessary	116,455,328	67.67%	116,455,328	98.36%	55,625,495	32.33%	1,947,651	1.64%	172,080,823	89.31%	182,090
11.	Re-Elect Nick Mackenzie and increase maximum number of directors to the extent necessary	107,155,354	62.27%	107,155,354	90.50%	64,927,417	37.73%	11,249,573	9.50%	172,082,771	89.31%	180,142
12.	Re-Elect David Stevenson and increase maximum number of directors to the extent necessary	103,168,632	59.95%	103,168,632	87.13%	68,914,020	40.05%	15,236,176	12.87%	172,082,652	89.31%	180,261
13.	Re-Appoint BDO LLP as auditors of the Company	171,482,726	99.98%	117,804,882	99.98%	26,689	0.02%	26,689	0.02%	171,509,415	89.02%	753,498
14.	Authorise the Board to set the auditor's remuneration	171,477,225	99.98%	117,799,381	99.97%	34,015	0.02%	34,015	0.03%	171,511,240	89.02%	751,673
15.	Authorise the Directors to allot shares	113,524,929	66.19%	113,524,929	96.34%	57,986,455	33.81%	4,308,611	3.66%	171,511,384	89.02%	751,529
16.	Authorise political donations	117,349,899	68.43%	117,349,899	99.60%	54,145,281	31.57%	467,437	0.40%	171,495,180	89.01%	767,733
17.	Approve 2026 LTIP	117,695,161	68.63%	117,695,161	99.91%	53,788,963	31.37%	111,119	0.09%	171,484,124	89.00%	778,789
Special Resolutions unanimously recommended by the Board
18.	Authorise the disapplication of pre-emption rights in relation to allotments of equity securities	115,100,609	67.13%	115,100,609	97.72%	56,359,790	32.87%	2,681,946	2.28%	171,460,399	88.99%	802,514
19.	Authorise the Company to purchase its ordinary shares	171,878,561	99.91%	118,200,717	99.86%	162,223	0.09%	162,223	0.14%	172,040,784	89.29%	222,129
20.	Authorise calling general meetings on 14 clear days' notice	170,294,470	99.31%	116,616,626	99.00%	1,183,069	0.69%	1,183,069	1.00%	171,477,539	89.00%	785,374
Ordinary Resolutions requisitioned by Saba
21.	Appoint Mr Shattock and increase maximum number of directors to the extent necessary	55,489,444	32.24%	1,811,600	1.53%	116,601,464	67.76%	116,601,464	98.47%	172,090,908	89.32%	172,005
22.	Appoint Mr Sim and increase maximum number of directors to the extent necessary	69,425,736	40.34%	15,747,892	13.30%	102,668,780	59.66%	102,668,780	86.70%	172,094,516	89.32%	168,397
23.	Appoint Mr Starr and increase maximum number of directors to the extent necessary	60,280,304	35.03%	6,602,460	5.58%	111,814,356	64.97%	111,814,356	94.42%	172,094,660	89.32%	168,253
24.	Appoint Mr Attwood and increase maximum number of directors to the extent necessary	66,497,968	38.64%	12,820,124	10.83%	105,596,692	61.36%	105,596,692	89.17%	172,094,660	89.32%	168,253
25.	Appoint Mr Garg and increase maximum number of directors to the extent necessary	55,468,503	32.23%	1,790,659	1.51%	116,626,157	67.77%	116,626,157	98.49%	172,094,660	89.32%	168,253
26.	Appoint Mr Hampton and increase maximum number of directors to the extent necessary	55,468,566	32.23%	1,790,722	1.51%	116,625,972	67.77%	116,625,972	98.49%	172,094,538	89.32%	168,375

Notes:

* A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "For" or "Against" a resolution.

As of the date of the AGM, the total number of voting rights in the Company was 192,673,240.

The full text of all the resolutions can be found in the Notice of AGM, which is available for viewing on the Company's website (www.workspace.co.uk) and at the National Storage Mechanism (https://data.fca.org.uk/#/nsmnationalstoragemechanism). The rules of the 2026 LTIP as approved by shareholders at today's AGM (Resolution 17) and summarised in the Notice of AGM are also available for viewing at the National Storage Mechanism (https://data.fca.org.uk/#/nsmnationalstoragemechanism).

- ENDS -

For media and investor enquiries, please contact:

Workspace Group PLC                                                            

Paul Hewlett, Director of Strategy & Corporate Development                   020 7138 3300

Gregory Tinker, Corporate Communications Manager

FGS Global                                                                                               020 7251 3801  

Chris Ryall       

Guy Lamming                                                                                                   

Notes to Editors

¹ Saba's latest publicly disclosed holding (as at 14 July 2026) was 56,095,993 voting rights, representing 29.11% of the Company's total voting rights, though the Board believes only 53,677,844 shares, representing 27.86% of the Company's total voting rights (or no less than 31.31% of the votes cast on any resolution excluding any votes withheld), were actually voted by or on behalf of Saba. The Board's belief informed the calculations to which this footnote is attached. 

About Workspace Group PLC:

Workspace is London's leading owner and operator of flexible workspace, currently managing 3.8 million sq. ft. of sustainable space at 50+ locations in London and the South East.

We are home to nearly 4,000 of London's fastest growing and established brands from a diverse range of sectors. Our purpose, to give businesses the freedom to grow, is based on the belief that in the right space, teams can achieve more. That in environments they tailor themselves, free from constraint and compromise, teams are best able to collaborate, build their culture and realise their potential.

We have a unique combination of a highly effective and scalable operating platform, a portfolio of distinctive properties, and an ownership model that allows us to offer true flexibility. We provide customers with space to create a home for their business, alongside leases that give them the freedom to easily scale up and down within our well-connected, extensive portfolio.

We are inherently sustainable - we invest across the capital, breathing new life into old buildings and creating hubs of economic activity that help flatten London's working map. We work closely with our local communities to ensure we make a positive and lasting environmental and social impact, creating value over the long term.

Workspace was established in 1987, has been listed on the London Stock Exchange since 1993, is a FTSE 250 listed Real Estate Investment Trust (REIT) and a member of the European Public Real Estate Association (EPRA).

Workspace® is a registered trademark of Workspace Group PLC, London, UK. 

LEI: 2138003GUZRFIN3UT430 

For more information on Workspace, please visit www.workspace.co.uk 

 

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