ASHM Ashmore Group Plc

TIDMASHM

RNS Number : 3828C

Ashmore Group PLC

16 October 2020

Ashmore Group plc

16 October 2020

Results of Annual General Meeting ("AGM")

Ashmore Group plc held its AGM earlier today and in view of the COVID-19 pandemic it was held as a 'closed meeting', attended by the minimum necessary quorum of two shareholders. All valid proxy votes were included in the poll taken at the meeting.

All resolutions were passed. Resolutions 5, 6, 7 and 8, relating to the re-election of Independent Non-Executive Directors, were carried by a majority of votes cast by both Independent Shareholders as well as by a majority of votes cast by all shareholders.

The Company welcomes the approval by shareholders of its Remuneration Policy and Remuneration Report, however it notes the 30.84% vote against the Remuneration Policy. The Company has an ongoing programme of engagement with its shareholders and proxy advisers and consequently it understands the views held by certain governance teams. This engagement will continue and the Company will provide an update within the next six months, as required by the UK Corporate Governance Code 2018.

The results of the poll on each resolution were as follows:

 
                                    FOR            AGAINST        ABSTAIN*       TOTAL VOTE 
                                    No. of Votes   No. of Votes   No. of Votes                 % age of total votes in 
 Resolution number:                                                                            favour 
                                   -------------  -------------  -------------  ------------ 
      To receive and adopt the 
      Report and Accounts for the 
 1    year ended 30 June 2020       595,353,065      776,200       1,565,996     596,129,265            99.87 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 2     To declare a final           597,695,261         0              0         597,695,261           100.00 
       dividend for the year 
       ended 30 June 2020 of 12.1 
       pence per Ordinary Share 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
      To re-elect Mark Coombs as 
 3    a Director                    595,016,718     2,678,113         430        597,694,831            99.55 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
      To re-elect Tom Shippey as 
 4    a Director                    595,072,219     2,622,612         430        597,694,831            99.56 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 5    To re-elect Clive Adamson     562,794,706     34,900,125        430        597,694,831            94.16 
      as a Director (all 
      shareholders) 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 5    To re-elect Clive Adamson     319,347,233     34,900,125        430        354,247,358            90.15 
      as a Director (independent 
      shareholders) 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 6     To re-elect David Bennett    559,193,500     37,272,606     1,229,155     596,466,106            93.75 
       as a Director (all 
       shareholders) 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 6     To re-elect David Bennett    315,746,027     37,272,606     1,229,155     353,018,633            89.44 
       as a Director (independent 
       shareholders) 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 7    To elect Jennifer Bingham     563,192,046     34,502,785        430        597,694,831            94.23 
      as a Director (all 
      shareholders) 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 7    To elect Jennifer Bingham     319,744,573     34,502,785        430        354,247,358            90.26 
      as a Director (independent 
      shareholders) 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 8    To re-elect Dame Anne         537,392,969     60,302,292         0         597,695,261            89.91 
      Pringle as a Director (all 
      shareholders) 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 8    To re-elect Dame Anne         293,945,496     60,302,292         0         354,247,788            82.98 
      Pringle as a Director 
      (independent shareholders) 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 9    To approve the Directors'     386,652,049    172,385,927     38,657,285    559,037,976            69.16 
      remuneration policy 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 10   To approve the Remuneration   538,465,590     59,225,066       4,605       597,690,656            90.09 
      Report for the year ended 
      30 June 2020 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
      To re-appoint KPMG LLP as 
 11   auditors                      511,426,634     83,671,233     2,597,394     595,097,867            85.94 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 12   To authorise the Audit and    589,968,176     7,724,715        2,370       597,692,891            98.71 
      Risk Committee to agree the 
      remuneration of the 
      auditors 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 13   To authorise political        575,734,797     3,810,118      18,150,346    579,544,915            99.34 
      donations and political 
      expenditure 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 14   To authorise the Directors    593,449,991     4,240,600        4,670       597,690,591            99.29 
      to allot shares 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 15   To authorise the              597,591,907       98,410         4,944       597,690,317            99.98 
      dis-application of 
      pre-emption rights up to 
      35,637,040 shares** 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 16   To authorise the              595,616,663     2,073,654        4,944       597,690,317            99.65 
      dis-application of 
      pre-emption rights up to a 
      further 35,637,040 shares** 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 17   To authorise market           594,859,010     2,768,176        68,075      597,627,186            99.54 
      purchases of shares** 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 18   To approve the renewal of     333,094,999     20,064,810     1,087,979     353,159,809            94.32 
      the waiver of the 
      obligation under Rule 9 of 
      the Takeover Code *** 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 19   To reduce the notice period   589,120,951     8,572,370        1,940       597,693,321            98.57 
      for general meetings other 
      than an Annual General 
      Meeting** 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 20   To adopt the New Articles**   597,684,220       5,171          5,870       597,689,391           100.00 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 

* 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 18 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 https://data.fca.org.uk/#/nsm/nationalstoragemechanism

For further details, please contact:

John Taylor

Group Company Secretary

Ashmore Group plc

61 Aldwych

London WC2B 4AE

+44 (0)20 3077 6000

FTI Consulting

   Neil Doyle                               +44 (0)20 3727 1141 
   Laura Ewart                            +44 (0)20 3727 1160 

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October 16, 2020 11:14 ET (15:14 GMT)