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Barratt Developments (BDEV)

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Thursday 14 October, 2021

Barratt Developments

Result of AGM

RNS Number : 1131P
Barratt Developments PLC
14 October 2021
 

BARRATT DEVELOPMENTS PLC

 

RESULTS OF THE 2021 ANNUAL GENERAL MEETING

 

Barratt Developments PLC (the "Company") held its sixty-third Annual General Meeting (the "AGM") on Wednesday 13th October 2021, at   Ironmongers' Hall, Off Shaftesbury Place, Aldersgate, Barbican, London EC2Y 8AA.

 

All resolutions put to the meeting were voted on by way of a poll and were passed by the shareholders. The results of the poll for each such resolution are shown below:

 

Poll Results

 

 

 

Resolution

Votes For (including Chairman's discretionary votes)

 

 

Votes Against

 

Votes Withheld1

 

Total Votes Cast (excluding votes withheld)

 

 

No. of Shares

% of shares voted

No. of Shares

% of shares voted

No. of Shares

No. of Shares

% of issued share capital

1.

To receive the Auditor's and Directors' reports, the strategic report and the accounts for the year ended 30 June 2021.

728,337,463

99.98

165,387

0.02

325,435

728,502,850

71.27%

2.

To approve the Directors' remuneration report for the year ended 30 June 2021 (excluding the Directors' remuneration policy).

713,316,429

98.03

14,367,687

1.97

8,583,304

727,684,116

71.19%

3.

To declare a final dividend of 21.9 pence per ordinary share.

735,275,610

99.87

966,710

0.13

25,100

736,242,320

72.03%

4.

To elect Katie Bickerstaffe as a Director of the Company.

735,831,235

99.95

372,444

0.05

63,741

736,203,679

72.02%

5.

To elect Chris Weston as a Director of the Company.

732,601,694

99.51

3,598,525

0.49

67,201

736,200,219

72.02%

6.

To re-elect John Allan as a Director of the Company.

732,172,800

99.45

4,038,796

0.55

55,824

736,211,596

72.02%

7.

To re-elect David Thomas as a Director of the Company.

736,059,843

99.98

149,677

0.02

57,900

736,209,520

72.02%

8.

To re-elect Steven Boyes as a Director of the Company

734,958,257

99.83

1,251,723

0.17

57,440

736,209,980

72.02%

9.

To re-elect Nina Bibby as a Director of the Company.

735,342,635

99.88

866,883

0.12

57,902

736,209,518

72.02%

10.

To re-elect Jock Lennox as a Director of the Company.

727,025,462

99.76

1,745,383

0.24

57,440

728,770,845

71.30%

11.

To re-elect Sharon White as a Director of the Company.

727,896,223

99.88

869,407

0.12

62,655

728,765,630

71.30%

12.

To re-appoint Deloitte LLP as the auditor of the Company.

721,749,715

99.04

7,022,032

0.96

56,538

728,771,747

71.30%

13.

To authorise the Audit Committee to fix the auditor's remuneration.

726,423,144

99.68

2,358,164

0.32

46,947

728,781,308

71.30%

14.

To authorise the Company to make political donations and incur political expenditure.

703,380,609

96.53

25,258,726

3.47

188,950

728,639,335

71.28%

15

To approve the increase of the directors' fee limit from £800,000 to £1,000,000

727,837,032

99.88

864,272

0.12

126,981

728,701,304

71.29%

16.

To authorise the Board to allot shares and grant subscription/conversion rights over shares.

709,500,756

97.35

19,302,848

2.65

24,681

728,803,604

71.30%

17.

To authorise the Board to allot or sell ordinary shares without complying with

pre-emption rights.*

709,660,259

97.40

18,965,730

2.60

202,296

728,625,989

71.28%

18.

To authorise the Company to make market purchases of its ordinary shares.*

725,482,964

99.84

1,196,643

0.16

2,148,678

726,679,607

71.09%

19.

To allow the Company to hold general meetings, other than an Annual General Meeting, on not less than 14 clear days' notice.*

696,633,745

94.83

38,009,780

5.17

184,128

734,643,525

71.87%

 

1 A vote withheld is not a vote in law.

* Indicates a special resolution requiring a 75% majority.

 

Issued share capital as at voting record date: 1,022,171,405.  Number of votes per share: one

 

 

Resolutions submitted to the National Storage Mechanism (the 'NSM')

 

We will shortly submit copies of all resolutions, other than those relating to ordinary business, passed at the meeting, (being Resolutions 15, 16, 17, 18, and 19) to the NSM in accordance with Listing Rule 9.6.2.

 

These resolutions will therefore be available for inspection at: https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism .

 

The poll results will also be available shortly on the Company's website www.barrattdevelopments.co.uk .

 

For further information please contact:

 

Barratt Developments PLC

David Thomas, Chief Executive                                                         020 7299 4896

Tina Bains, Company Secretary                                                         01530 278 278

 

For media enquiries, please contact:

 

Barratt Developments PLC

Tim Collins, Head of Corporate Communications 020 7299 4874

 

Brunswick

Jonathan Glass/Rosie Oddy  020 7404 5959

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