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Watkin Jones plc (WJG)

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Thursday 13 February, 2020

Watkin Jones plc

Result of AGM

RNS Number : 9539C
Watkin Jones plc
13 February 2020
 

For immediate release

13 February 2020

 

 

Watkin Jones plc

 ('Watkin Jones' or the 'Company')

 

Result of AGM

 

Watkin Jones plc (AIM:WJG), the UK's leading developer and manager of residential for rent, 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 and votes received at the meeting for each resolution is set out below and will also be made available on the Company's website: www.watkinjonesplc.com

 

 

For

For

%

Against

%

Withheld

1

Receive the Directors' report and financial statements

 

162,263,133

100.00

2,200

0.00

113,572

2

Declare a final dividend of 5.6 pence per ordinary share

 

162,378,905

100.00

0

0.00

0

3

Approve the Directors' remuneration report

 

162,286,993

99.97

43,365

0.03

48,547

4

Re-elect Grenville Turner as a Director

 

161,803,515

99.65

572,728

0.35

2,662

5

Re-elect Richard Simpson as a Director

 

162,183,826

99.88

192,417

0.12

2,662

6

Re-elect Philip Byrom as a Director

 

162,162,526

99.87

213,717

0.13

2,662

7

Re-elect Simon Laffin as a Director

 

159,467,713

98.21

2,908,530

1.79

2,662

8

Re-elect Liz Reilly as a Director

 

161,804,536

99.65

571,707

0.35

2,662

9

Re-appoint Ernst & Young LLP as auditor

 

162,201,460

99.89

177,241

0.11

204

10

Authorise the Directors to agree the remuneration of the auditor

 

162,374,101

100.00

2,404

0.00

2,400

11

Authorise the Directors to allot shares

 

161,965,910

99.75

411,720

0.25

1,275

12

Standard 5% disapplication of statutory pre-emption rights

 

161,449,303

99.43

921,724

0.57

7,878

13

Additional 5% disapplication of statutory pre-emption rights

 

143,430,866

88.34

18,939,957

11.66

8,082

14

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

 

138,237,509

99.88

159,893

0.12

23,981,503

15

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

 

161,587,666

99.52

786,645

0.48

4,594

 

- 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 / Ed Allsopp

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 the UK's leading developer and manager of residential for rent, with a focus on the student accommodation and Build to Rent sectors.  The Group has strong relationships with institutional investors, and a reputation for successful, on-time-delivery of high quality developments.  Since 1999, Watkin Jones has delivered 41,000 student beds across 123 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 nearly 18,000 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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