TIDMCAPC
RNS Number : 0883Y
Capital & Counties Properties Plc
03 May 2019
3 May 2019
CAPITAL & COUNTIES PROPERTIES PLC (the "Company")
RESOLUTIONS PASSED AT 2019 ANNUAL GENERAL MEETING
The results of the voting by poll on the resolutions put to the
Company's 2019 Annual General Meeting held on 3 May 2019 are as
follows:
Resolutions For: % Against: % Total votes % of Withheld:
cast: issued
share
capital
1. To receive the
accounts and reports
of the Directors
and the Auditors
for the year ended
31 December 2018 677,475,714 100.00% 2,397 0.00% 677,478,111 79.63% 1,054,721
------------ -------- ------------ ------- ------------ --------- ----------
2. To declare a
final dividend of
1 pence per ordinary
share 677,916,595 100.00% 1,947 0.00% 677,918,542 79.68% 614,290
------------ -------- ------------ ------- ------------ --------- ----------
3. To re-elect Henry
Staunton as a Director 643,056,664 94.86% 34,851,489 5.14% 677,908,153 79.68% 624,678
------------ -------- ------------ ------- ------------ --------- ----------
4. To re-elect Ian
Hawksworth as a
Director 667,619,510 98.48% 10,288,644 1.52% 677,908,154 79.68% 624,678
------------ -------- ------------ ------- ------------ --------- ----------
5. To re-elect Situl
Jobanputra as a
Director 676,717,563 99.83% 1,181,741 0.17% 677,899,304 79.68% 633,528
------------ -------- ------------ ------- ------------ --------- ----------
6. To re-elect Gary
Yardley as a Director 677,006,959 99.87% 901,195 0.13% 677,908,154 79.68% 624,678
------------ -------- ------------ ------- ------------ --------- ----------
7. To re-elect Charlotte
Boyle as a Director 660,662,725 97.46% 17,245,429 2.54% 677,908,154 79.68% 624,678
------------ -------- ------------ ------- ------------ --------- ----------
8. To elect Jonathan
Lane as a Director 676,641,143 99.81% 1,258,641 0.19% 677,899,784 79.68% 633,048
------------ -------- ------------ ------- ------------ --------- ----------
9. To re-elect Gerry
Murphy as a Director 669,780,997 98.80% 8,127,157 1.20% 677,908,154 79.68% 624,678
------------ -------- ------------ ------- ------------ --------- ----------
10. To re-elect
Anthony Steains
as a Director 676,183,027 99.75% 1,725,127 0.25% 677,908,154 79.68% 624,678
------------ -------- ------------ ------- ------------ --------- ----------
11. To re-elect
Andrew Strang as
a Director 668,810,903 98.66% 9,088,881 1.34% 677,899,784 79.68% 633,048
------------ -------- ------------ ------- ------------ --------- ----------
12. To re-appoint
PricewaterhouseCoopers
LLP as Auditors 670,609,242 98.92% 7,295,972 1.08% 677,905,214 79.68% 627,617
------------ -------- ------------ ------- ------------ --------- ----------
13. To authorise
the Directors to
determine the Auditors'
remuneration 665,108,132 98.11% 12,803,415 1.89% 677,911,547 79.68% 621,285
------------ -------- ------------ ------- ------------ --------- ----------
14. To approve the
Directors' Remuneration
Report for the year
ended 31 December
2018 (other than
the Directors' Remuneration
Policy) 546,536,108 80.85% 129,463,888 19.15% 675,999,996 79.45% 2,532,835
------------ -------- ------------ ------- ------------ --------- ----------
15. To authorise
the Directors to
allot the unissued
share capital up
to a specified amount
(s.551) (Companies
Act 2006) 437,893,868 64.59% 240,020,755 35.41% 677,914,623 79.68% 618,208
------------ -------- ------------ ------- ------------ --------- ----------
16. Special Resolution: Resolution was withdrawn
To disapply pre-emption
provisions of s.561(1)
of the Companies
Act 2006 up to a
specified amount
----------------------------------------------------------------------------------
17. Special Resolution:
To authorise the
Company to purchase
its own shares 658,734,090 97.19% 19,079,835 2.81% 677,813,925 79.67% 718,906
------------ -------- ------------ ------- ------------ --------- ----------
18. Special Resolution:
To allow General
Meetings (other
than AGMs) to be
held on 14 clear
days' notice 632,259,571 93.27% 45,647,291 6.73% 677,906,862 79.68% 625,970
------------ -------- ------------ ------- ------------ --------- ----------
Notes:
1. Any proxy appointments which gave discretion to the Chairman
have been included in the 'for' total.
2. A 'vote withheld' is not a vote in law and is not counted in
the calculation of the proportion of the votes for or against a
resolution.
3. Total voting rights of shares in issue: 850,820,151. Every
shareholder has one vote for every ordinary share held.
As announced on 27 February 2019, Graeme Gordon stepped down
from the Board at the conclusion of the Annual General Meeting.
The Board notes that although resolution 15 was passed with the
requisite majority, 35.41% of votes received were against the
resolution. This voting outcome reflects differing market practice
between the UK and South Africa, where shareholders usually approve
more restricted levels of authority to issue shares, and prefer to
vote on proposed allotments of shares on a case by case basis. In
addition, resolution 16 was withdrawn as there was narrowly
insufficient support for the resolution based on proxy votes
received before the time of the meeting.
The Company has consulted regularly with its larger
international shareholders on this matter, however many
institutions operate under policies that do not permit this level
of authority to be supported, although a number of our shareholders
do understand the Company's position. As a UK premium listed
company, the Board considers it appropriate to seek authorities in
line with the Investment Association's Share Capital Management
Guidelines, to allow the Company to respond to market developments
and to enable allotments to take place to finance business
opportunities as they arise. The Board will continue to engage with
our international shareholders on this topic, however as the voting
outcome reflects the difficulty in balancing the expectations of
different markets, it is likely that there will continue to be
significant votes against these resolutions.
In accordance with paragraph 9.6.2 of the Listing Rules, copies
of the resolutions passed at the meeting, other than resolutions
concerning ordinary business, have been submitted to the National
Storage Mechanism and will shortly be available for inspection at:
http://www.morningstar.co.uk/uk/NSM
Enquiries:
Ruth Pavey
Company Secretary
Telephone +44 20 3214 9170
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 rns@lseg.com or visit www.rns.com.
END
RAGBUGDUUGGBGCX
(END) Dow Jones Newswires
May 03, 2019 11:15 ET (15:15 GMT)
Shaftesbury Capital (LSE:SHC)
Historical Stock Chart
From Apr 2024 to May 2024
Shaftesbury Capital (LSE:SHC)
Historical Stock Chart
From May 2023 to May 2024