Information  X 
Enter a valid email address

Close Bros Grp PLC (CBG)

  Print          Annual reports

Thursday 18 November, 2021

Close Bros Grp PLC

Result of AGM

RNS Number : 8702S
Close Brothers Group PLC
18 November 2021
 

Close Brothers Group plc

 

AGM Results and Statement

 

 

At the Annual General Meeting ("AGM") of Close Brothers Group plc (the "Company") held on 18th November 2021 at 11am, all resolutions put to shareholders were duly passed on a poll with the required majorities. The full text of each resolution is contained in the Notice of Annual General Meeting (the "Notice"). Resolutions 1 to 20 were passed as ordinary resolutions. Resolutions 21 to 25 were passed as special resolutions. As more than 50 per cent of the total shares of the Company were represented at the AGM, in line with the Remuneration Code, Resolution 26 was required to be approved by a majority of at least 66 per cent of the shares represented at the AGM.

 

The following votes were cast in respect of the AGM resolutions:

 

 

 

 

 

 

Ordinary Resolutions

Total Votes For

%  For

Total Votes Against

% Against

Total Votes Cast

% of Issued Share Capital Voted

Votes Withheld

1.

To receive and adopt the Company's 2021 Annual Report and Accounts

124,651,558

100.00

2,426

0.00

124,653,984

82.89%

253,882

2.

To approve the Directors' Remuneration Report (excluding the Directors' Remuneration Policy) for the financial year ended 31 July 2021

121,785,594

97.80

2,736,118

2.20

124,521,712

82.80%

386,154

3.

To approve the Directors' Remuneration Policy

102,486,257

84.22

19,202,706

15.78

121,688,963

80.91%

3,218,903

4.

To authorise the payment of a final dividend on the ordinary shares of 42.0 pence per share

124,844,673

99.95

63,066

0.05

124,907,739

83.05%

127

5.

To reappoint Mike Biggs as a Director of the Company

122,889,865

98.32

2,101,518

1.68

124,991,383

83.11%

2,499

6.

To reappoint Adrian Sainsbury as a Director of the Company

124,988,768

100.00

2,615

0.00

124,991,383

83.11%

2,499

7.

To reappoint Mike Morgan as a Director of the Company

124,955,974

99.97

35,536

0.03

124,991,510

83.11%

2,372

8.

To reappoint Oliver Corbett as a Director of the Company

122,918,555

98.34

2,072,828

1.66

124,991,383

83.11%

2,499

9.

To reappoint Peter Duffy as a Director of the Company

122,888,391

98.32

2,101,987

1.68

124,990,378

83.11%

3,504

10.

To reappoint Patricia Halliday as a Director of the Company

124,988,277

100.00

3,375

0.00

124,991,652

83.11%

2,230

11.

To reappoint Lesley Jones as a Director of the Company

122,349,289

97.89

2,642,363

2.11

124,991,652

83.11%

2,230

12.

To reappoint Bridget Macaskill as a Director of the Company

121,662,226

97.34

3,329,779

2.66

124,992,005

83.11%

1,877

13.

To reappoint Tesula Mohindra as a Director of the Company

124,989,037

100.00

2,615

0.00

124,991,652

83.11%

2,230

14.

To reappoint Mark Pain as a Director of the Company

124,986,403

100.00

4,480

0.00

124,990,883

83.11%

2,999

15.

To reappoint Sally Williams as a Director of the Company

122,918,564

98.34

2,073,088

1.66

124,991,652

83.11%

2,230

16.

To reappoint PricewaterhouseCoopers LLP as auditor of the Company

124,076,271

99.34

830,604

0.66

124,906,875

83.05%

991

17.

To authorise the Audit Committee, acting for and on behalf of the Board, to determine the remuneration of the auditor

124,877,564

99.98

28,500

0.02

124,906,064

83.05%

1,802

18.

To authorise the Board to allot shares in the Company and to grant rights to subscribe for or convert any security into shares (within prescribed limits) (see Notice)

119,616,556

95.76

5,289,900

4.24

124,906,456

83.05%

1,413

19.

To authorise the Board to allot shares in the Company and to grant rights to subscribe for or convert any security into shares in relation to any issue of AT1 securities (within prescribed limits) (see Notice)

121,715,314

97.45

3,190,213

2.55

124,905,527

83.05%

2,339

20.

That (a) the Close Brothers Group plc Sharesave Plan 2021 be approved; and (b) the Board be authorised to adopt further plans (see Notice)

124,836,606

99.95

60,848

0.05

124,897,454

83.05%

10,412

 

Special Resolutions

 

 

 

 

 

 

 

21.

That, if resolution 18 granting authority to allot shares is passed, the Board be given power to allot equity securities for cash up to an aggregate nominal amount equal to 5% of the Company's issued share capital (see Notice)

121,057,348

96.92

3,848,655

3.08

124,906,003

83.05%

1,863

22.

That, if resolution 18 granting authority to allot shares is passed, the Board be given power to allot equity securities for cash up to an aggregate nominal amount equal to a further 5% of the Company's issued share capital (see Notice)

109,965,120

88.04

14,940,883

11.96

124,906,003

83.05%

1,863

23.

That, if resolution 19 granting authority to allot AT1 securities is passed, the Board be given power to allot equity securities for cash (see Notice)

121,714,808

97.44

3,191,426

2.56

124,906,234

83.05%

1,632

24.

That the Company be authorised to make one or more market purchases of its ordinary shares of 25p each (see Notice)

123,759,515

99.10

1,121,993

0.90

124,881,508

83.04%

26,358

25.

That a general meeting other than an annual general meeting may be called on not less than 14 clear days' notice

122,521,105

98.09

2,385,971

1.91

124,907,076

83.05%

790

 

Resolution with the voting threshold set out in the Notice

 

 

 

 

 

 

 

26.

To authorise the Company and its subsidiaries (the "Group") to apply a ratio in relation to the fixed and variable components of remuneration for certain Directors and employees of the Group (see Notice)

124,177,526

99.99

15,599

0.01

124,193,125

82.58%

714,741

 

NOTES: 

1.  'Total Votes For' include votes recorded as at the discretion of the Chairman of the meeting.

2.  The 'Vote Withheld' option was provided to enable shareholders to refrain from voting on any particular resolution. A vote withheld is not a vote in law and has not been counted in the calculation of the proportion of the vote 'For' and 'Against' a resolution.

3.  For the purposes of the AGM, the issued share capital of the Company was 150,392,803 ordinary shares (excluding 1,667,487 treasury shares).

4.  The full text of the resolutions is detailed in the Notice of Annual General Meeting available on the Company website at

www.closebrothers.com/investor-relations/shareholder-information/annual-general-meeting .

 

 

Helen Thorpe

Head of Secretariat

Close Brothers Group plc

 

LEI code: 213800W73SYHR14I3X91

18 November 2021

07725 216541

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
RAGUWVSRAWUAAAA

a d v e r t i s e m e n t