TIDMASHM
RNS Number : 6747E
Ashmore Group PLC
19 October 2018
Ashmore Group plc (the "Company")
19 October 2018
Results of Annual General Meeting ("AGM")
The Board of Ashmore Group plc (the "Board"), is pleased to
announce that at the AGM of the Company held earlier today all
resolutions were duly passed on a poll. All of the resolutions are
accordingly, declared as carried. Resolutions 5, 6, 7 and 8,
relating to the re-election of Independent Non-Executive Directors,
are carried by a majority of votes cast by both Independent
Shareholders as well as by a majority of votes cast by all
shareholders.
We acknowledge that some shareholders did not support Resolution
17 (waiver of obligation under Rule 9 of the Takeover Code).
Ashmore actively solicits the views of its major shareholders and
following publication of the Notice of Meeting was in contact with
a number of them to understand how they intended to vote and why.
This, together with previous engagement on the same issue, meant
that the Company has already gained some insight into the reasons
behind the results of the voting. The Company will continue this
dialogue with its shareholders as part of its normal investor
relations activities. Ashmore remains committed to engaging with
shareholders on issues of concern to ensure that its policies and
practice are transparent, clear and understood in the context of
Ashmore's business model and performance, in particular its
proposals regarding the waiver under Rule 9 of the Takeover Code.
Shareholders' views are reported to the Board so that they can be
taken into account in future decision-making.
The results of the poll on each resolution were as follows:
FOR AGAINST ABSTAIN* TOTAL VOTE
Resolution Number No. of Votes No. of Votes No. of Votes % age of total votes in
favour
---------------------------- ------------- ------------- ------------- ------------
To receive and adopt the
Report and Accounts for the
1 year ended 30 June 2018 612,565,795 0 236,661 612,565,795 100%
---------------------------- ------------- ------------- ------------- ------------ ------------------------
2 To declare a final 612,801,323 0 1,133 612,801,323 100%
dividend for the year
ended 30 June 2018 of 12.1
pence per Ordinary Share
---------------------------- ------------- ------------- ------------- ------------ ------------------------
To re-elect Mark Coombs as
3 a Director 610,241,981 2,558,223 2,252 612,800,204 99.58%
---------------------------- ------------- ------------- ------------- ------------ ------------------------
To re-elect Tom Shippey as
4 a Director 610,241,664 2,558,460 2,332 612,800,124 99.58%
---------------------------- ------------- ------------- ------------- ------------ ------------------------
5 To re-elect Clive Adamson 556,753,377 55,925,874 123,204 612,679,251 90.87%
as a Director (all
shareholders)
---------------------------- ------------- ------------- ------------- ------------ ------------------------
5 To re-elect Clive Adamson 285,361,764 55,925,874 123,124 341,287,638 83.61%
as a Director (independent
shareholders)
---------------------------- ------------- ------------- ------------- ------------ ------------------------
6 To re-elect David Bennett 609,562,704 3,237,419 2,332 612,800,123 99.47%
as a Director (all
shareholders)
---------------------------- ------------- ------------- ------------- ------------ ------------------------
6 To re-elect David Bennett 338,171,091 3,237,419 2,332 341,408,510 99.05
as a Director (independent
shareholders)
---------------------------- ------------- ------------- ------------- ------------ ------------------------
7 To elect Jennifer Bingham 607,758,200 15,500 5,028,756 607,773,700 100%
as a Director (all
shareholders)
---------------------------- ------------- ------------- ------------- ------------ ------------------------
7 To elect Jennifer Bingham 336,366,587 15,500 5,028,756 336,382,087 100%
as a Director (independent
shareholders)
---------------------------- ------------- ------------- ------------- ------------ ------------------------
8 To re-elect Dame Anne 548,812,638 63,987,484 2,332 612,800,122 89.56%
Pringle as a Director (all
shareholders)
---------------------------- ------------- ------------- ------------- ------------ ------------------------
8 To re-elect Dame Anne 277,421,025 63,987,484 2,332 341,408,509 81.26%
Pringle as a Director
(independent shareholders)
---------------------------- ------------- ------------- ------------- ------------ ------------------------
9 To approve the Remuneration 463,675,046 106,606,941 42,520,468 570,281,987 81.31%
Report for the year ended
30 June 2018
---------------------------- ------------- ------------- ------------- ------------ ------------------------
To re-appoint KPMG LLP as
10 auditors 602,674,457 8,842,439 1,285,559 611,516,896 98.55%
---------------------------- ------------- ------------- ------------- ------------ ------------------------
11 To authorise the Audit and 610,119,825 2,675,940 6,691 612,795,765 99.56%
Risk Committee to agree the
remuneration of the
auditors
---------------------------- ------------- ------------- ------------- ------------ ------------------------
12 To authorise political 610,222,708 2,575,176 4,572 612,797,884 99.58%
donations and political
expenditure
---------------------------- ------------- ------------- ------------- ------------ ------------------------
13 To authorise the Directors 605,639,962 7,160,345 2,149 612,800,307 98.83%
to allot shares
---------------------------- ------------- ------------- ------------- ------------ ------------------------
14 To authorise the 612,768,062 28,322 6,072 612,796,384 100%
dis-application of
pre-emption rights up to
35,637,040 shares**
---------------------------- ------------- ------------- ------------- ------------ ------------------------
15 To authorise the 603,511,687 9,284,696 6,072 612,796,383 98.48%
dis-application of
pre-emption rights up to a
further 35,637,040 shares**
---------------------------- ------------- ------------- ------------- ------------ ------------------------
16 To authorise market 603,078,063 9,670,135 54,256 612,748,198 98.42%
purchases of shares**
---------------------------- ------------- ------------- ------------- ------------ ------------------------
17 To approve the renewal of 240,980,931 90,527,530 9,902,381 331,508,461 72.69%
the waiver of the
obligation under Rule 9 of
the Takeover Code ***
---------------------------- ------------- ------------- ------------- ------------ ------------------------
18 To reduce the notice period 604,341,087 8,459,037 2,332 612,800,124 98.62%
for general meetings other
than an Annual General
Meeting**
---------------------------- ------------- ------------- ------------- ------------ ------------------------
* 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.
** Indicates Special Resolutions requiring a 75% majority
*** Mark Coombs has not voted on Resolution 17 as an interested party
Ashmore Group PLC's Legal Entity Identifier (LEI) is
549300U3L59WB4YI2X12
In accordance with LR 9.6.2R, copies of resolutions concerning
special business passed at the Annual General Meeting today, have
been submitted to the Financial Conduct Authority's national
storage mechanism. This document will shortly be available to view
at www.morningstar.co.uk/uk/NSM
For further details, please contact:
John Taylor
Group Company Secretary
Ashmore Group plc
61 Aldwych
London WC2B 4AE
(T) +44 (0)20 3077 6386
END
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END
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