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Watkin Jones plc (WJG)

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Thursday 14 February, 2019

Watkin Jones plc

Result of AGM

RNS Number : 0659Q
Watkin Jones plc
14 February 2019
 

For immediate release

14 February 2019

 

 

Watkin Jones plc

('Watkin Jones' or the 'Company')

 

Result of AGM

 

Watkin Jones plc (AIM:WJG), a leading UK developer and constructor of multi-occupancy residential property assets, with a focus on the student accommodation and build to rent sectors, announces that at the Company's Annual General Meeting held earlier today in London, all resolutions put to shareholders were duly passed.

 

A breakdown of proxy votes lodged prior to the meeting for each resolution is set out below and will also be made available on the Company's website:  www.watkinjonesplc.com


For

%

Against

%

Withheld

1

Receive the Directors' report and financial statements

188,231,556

100.00

2,200

0.00

190,055

2

Declare a final dividend of 5.13 pence per ordinary share

188,423,811

100.00

0

0.00

0

3

Approve the Directors' remuneration report

172,607,170

91.61

15,816,641

8.39

0

4

Re-elect Grenville Turner as a Director

188,167,869

99.86

255,192

0.14

750

5

Elect Richard Simpson as a Director of the Company

188,377,143

99.98

45,918

0.02

750

6

Re-elect Philip Byrom as a Director

185,210,252

99.98

44,918

0.02

3,168,641

7

Re-elect Simon Laffin as a Director

182,141,245

96.67

6,281,816

3.33

750

8

Elect Liz Reilly as a Director of the Company

187,197,334

99.35

1,225,727

0.65

750

9

Re-appoint Ernst & Young LLP as auditor

188,410,154

100.00

8,907

0.00

4,750

10

Authorise the Directors to agree the remuneration of the auditor

188,420,904

100.00

2,907

0.00

0

11

Authorise the Directors to allot shares

188,310,073

99.94

112,988

0.06

750

12

Standard 5% disapplication of statutory pre-emption rights

188,401,056

99.99

22,005

0.01

750

13

Additional 5% disapplication of statutory pre-emption rights

183,921,312

97.61

4,501,749

2.39

750

14

Approve the purchase and cancellation of up to 10% of the issued ordinary share capital

167,511,133

100.00

0

0.00

20,912,678

15

Allow meetings other than annual general meetings to be called on not less than 14 clear days' notice

186,727,664

99.10

1,696,147

0.90

0

 

 

- Ends -

 

 

 

 

For further information:

Watkin Jones plc

 

Richard Simpson, Chief Executive Officer

Tel: +44 (0) 1248 362 516

Phil Byrom, Chief Financial Officer

www.watkinjonesplc.com

 

 

Peel Hunt LLP (Nominated Adviser & Joint Corporate Broker)

Tel: +44 (0) 20 7418 8900

Mike Bell / Justin Jones

www.peelhunt.com

 

 

 

 

Jefferies Hoare Govett (Joint Corporate Broker)

Tel: +44 (0) 20 7029 8000

Max Jones / Will Soutar

www.jefferies.com

 

Media enquiries:

Buchanan

 

Henry Harrison-Topham / Richard Oldworth

Jamie Hooper / Steph Watson

 

Tel: +44 (0) 20 7466 5000

[email protected]

www.buchanan.uk.com

 

Notes to Editors

Watkin Jones is a leading UK developer and constructor of multi-occupancy residential property assets, with a focus on the student accommodation and build to rent sectors.  The Group has strong relationships with institutional investors, and a good reputation for successful, on-time-delivery of high quality developments.  Since 1999, Watkin Jones has delivered 38,000 student beds across 117 sites, making it a key player and leader in the UK purpose built student accommodation market.  In addition, the Fresh Property Group, the Group's specialist accommodation management company, manages over 15,000 student beds and build to rent apartments on behalf of its institutional clients.  Watkin Jones has also been responsible for over 80 residential developments, ranging from starter homes to executive housing and apartments.  The Group is now expanding its operations into the build to rent sector.

 

The Group's competitive advantage lies in its experienced management team and business model, which enables it to offer an end-to-end solution for investors, delivered entirely in-house with minimal reliance on third parties, across the entire life cycle of an asset.

 

Watkin Jones was admitted to trading on AIM in March 2016 with the ticker WJG.L.  For additional information please visit: www.watkinjonesplc.com


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.
 
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