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PA. Partnership

125.75
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Partnership LSE:PA. London Ordinary Share GB00B9QN7S21 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 125.75 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Partnership Assurance Group PLC Result of AGM - Replacement (6817N)

19/05/2015 4:19pm

UK Regulatory


Partnership (LSE:PA.)
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TIDMPA.

RNS Number : 6817N

Partnership Assurance Group PLC

19 May 2015

PARTNERSHIP ASSURANCE GROUP PLC

19 May 2015

RESULTS OF ANNUAL GENERAL MEETING

The following amendment has been made to the announcement released on 19 May 2015 at 15:28 under RNS No 6770N.

Votes (including votes withheld) were cast for a total of 326,417,015 ordinary shares of the Company, representing 81.60% per cent of the total number of votes capable of being cast at the meeting. Full details of the results of the poll are set out below.

All other details remain unchanged.

Partnership Assurance Group plc ('Partnership') announces the results of the poll taken at the Annual General Meeting of the Company held earlier today.

Votes (including votes withheld) were cast for a total of 326,417,015 ordinary shares of the Company, representing 81.60% per cent of the total number of votes capable of being cast at the meeting. Full details of the results of the poll are set out below.

 
 Resolutions                          For(2)(3)            Against(2)(3)      Withheld(4)   Total votes 
                                                                                                cast 
------------------------------  ---------------------  --------------------  ------------  ------------ 
                                 # of shares     %      # of shares     %     # of shares   # of shares 
---  -------------------------  ------------  -------  ------------  ------  ------------  ------------ 
      Receive 2014 
       Annual Report 
 1     and Accounts              326,417,015   100.00        0        0.00         0        326,417,015 
---  -------------------------  ------------  -------  ------------  ------  ------------  ------------ 
      Receive and approve 
       the Remuneration 
 2     report                    277,867,732   86.03    45,111,015    13.97    3,438,268    322,978,747 
---  -------------------------  ------------  -------  ------------  ------  ------------  ------------ 
      Receive and approve 
       the report on 
       Remuneration 
 3     policy                    264,093,029   80.91    62,323,986    19.09        0        326,417,015 
---  -------------------------  ------------  -------  ------------  ------  ------------  ------------ 
      Amend rules of 
 4     LTIP                      268,562,547   82.28    57,854,468    17.72        0        326,417,015 
---  -------------------------  ------------  -------  ------------  ------  ------------  ------------ 
      Declare final 
       dividend of 1 
       pence per ordinary 
 5     share                     326,416,723   100.00       292       0.00         0        326,417,015 
---  -------------------------  ------------  -------  ------------  ------  ------------  ------------ 
      Re-elect Chris 
 6     Gibson-Smith              322,589,056   98.83     3,827,689    1.17        273       326,416,745 
---  -------------------------  ------------  -------  ------------  ------  ------------  ------------ 
 7    Elect Paul Bishop          324,623,352   99.45     1,792,856    0.55        807       326,416,208 
---  -------------------------  ------------  -------  ------------  ------  ------------  ------------ 
      Re-elect Peter 
 8     Catterall                 326,257,979   99.95      158,229     0.05        807       326,416,208 
---  -------------------------  ------------  -------  ------------  ------  ------------  ------------ 
      Re-elect Ian 
 9     Cormack                   325,929,232   99.85      486,709     0.15       1,074      326,415,941 
---  -------------------------  ------------  -------  ------------  ------  ------------  ------------ 
      Re-elect Douglas 
 10    Ferrans                   326,153,278   99.92      262,930     0.08        807       326,416,208 
---  -------------------------  ------------  -------  ------------  ------  ------------  ------------ 
      Re-elect Steve 
 11    Groves                    325,938,136   99.90      311,889     0.10      166,990     326,250,025 
---  -------------------------  ------------  -------  ------------  ------  ------------  ------------ 
      Re-elect Ian 
 12    Owen                      324,709,331   99.48     1,707,144    0.52        540       326,416,475 
---  -------------------------  ------------  -------  ------------  ------  ------------  ------------ 
      Re-elect David 
 13    Richardson                325,937,863   99.90      311,889     0.10      167,263     326,249,752 
---  -------------------------  ------------  -------  ------------  ------  ------------  ------------ 
 14   Elect Clare Spottiswoode   319,540,371   99.27     2,364,013    0.73     4,512,631    321,904,384 
---  -------------------------  ------------  -------  ------------  ------  ------------  ------------ 
      Re-elect Richard 
 15    Ward                      317,509,064   97.32     8,740,154    2.68      167,797     326,249,218 
---  -------------------------  ------------  -------  ------------  ------  ------------  ------------ 
      Re-elect Simon 
 16    Waugh                     306,166,492   93.80    20,249,716    6.20        807       326,416,208 
---  -------------------------  ------------  -------  ------------  ------  ------------  ------------ 
      Re-appoint Deloitte 
 17    as auditors               323,365,490   99.07     3,050,991    0.93        534       326,416,481 
---  -------------------------  ------------  -------  ------------  ------  ------------  ------------ 
      Authorise Directors 
       to agree auditors' 
 18    remuneration              326,155,812   99.92      260,930     0.08        273       326,416,742 
---  -------------------------  ------------  -------  ------------  ------  ------------  ------------ 
      Authorise allotment 
 19    of shares                 326,244,094   99.95      172,654     0.05        267       326,416,748 
---  -------------------------  ------------  -------  ------------  ------  ------------  ------------ 
      Authorise the 
       Company, and 
       its subsidiaries, 
       to make political 
 20    donations                 321,875,274   98.61     4,541,474    1.39        267       326,416,748 
---  -------------------------  ------------  -------  ------------  ------  ------------  ------------ 
      Disapply pre-emption 
 21    rights *                  326,414,892   100.00      1,322      0.00        801       326,416,214 
---  -------------------------  ------------  -------  ------------  ------  ------------  ------------ 
      Authorise purchase 
       of own shares 
 22    *                         326,416,723   100.00       292       0.00         0        326,417,015 
---  -------------------------  ------------  -------  ------------  ------  ------------  ------------ 
      Call general 
       meetings on 14 
       days' notice 
 23    *                         324,236,509   99.33     2,179,705    0.67        801       326,416,214 
---  -------------------------  ------------  -------  ------------  ------  ------------  ------------ 
 

* Special Resolution

 
 VOTES OF INDEPENDENT SHAREHOLDERS ON THE RESOLUTIONS CONCERNING 
  THE ELECTION AND RE-ELECTION OF THE INDEPENDENT NON-EXECUTIVE DIRECTORS 
------------------------------------------------------------------------------------------------ 
                                For(2)(3)           Against(2)(3)      Withheld(4)   Total votes 
                                                                                         cast 
------------------------  --------------------  --------------------  ------------  ------------ 
 Resolutions               # of shares     %     # of shares     %     # of shares   # of shares 
------------------------  ------------  ------  ------------  ------  ------------  ------------ 
       Re-elect Chris 
 6.     Gibson-Smith       114,995,489   96.78    3,827,689    3.22        273       118,823,178 
----  ------------------  ------------  ------  ------------  ------  ------------  ------------ 
 7.    Elect Paul Bishop   117,029,785   98.49    1,792,856    1.51        807       118,822,641 
----  ------------------  ------------  ------  ------------  ------  ------------  ------------ 
       Re-elect Ian 
 9.     Cormack            118,335,665   99.59     486,709     0.41       1,074      118,822,374 
----  ------------------  ------------  ------  ------------  ------  ------------  ------------ 
       Re-elect Douglas 
 10.    Ferrans            118,559,711   99.78     262,930     0.22        807       118,822,641 
----  ------------------  ------------  ------  ------------  ------  ------------  ------------ 
       Elect Clare 
 14.    Spottiswoode       111,946,804   97.93    2,364,013    2.07     4,512,631    114,310,817 
----  ------------------  ------------  ------  ------------  ------  ------------  ------------ 
       Re-elect Richard 
 15.    Ward               109,915,497   92.63    8,740,154    7.37      167,797     118,655,651 
----  ------------------  ------------  ------  ------------  ------  ------------  ------------ 
       Re-elect Simon 
 16.    Waugh              98,572,925    82.96   20,249,716    17.04       807       118,822,641 
----  ------------------  ------------  ------  ------------  ------  ------------  ------------ 
 

The Board is pleased to announce that all resolutions presented at today's AGM were passed with a significant majority but notes the votes cast against Resolutions 2, 3, 4 which relate to the Company's executive remuneration structure and Resolution 16 which relates to the re-election of one of the Company's Non-Executive Directors.

The past year has been one of unprecedented change for Partnership and, in response, the Remuneration Committee has proposed a number of changes to the LTIP rules and Remuneration Policy which the Board believes more closely align executive remuneration with the interests of all shareholders. In advance of the AGM, the Remuneration Committee sought to consult with institutional shareholders and investor representative bodies on the proposed changes. Prior to implementing the proposed changes to the LTIP rules or making any awards, the Remuneration Committee will seek further engagement with shareholders to discuss their concerns and is committed to understanding any issues as part of an ongoing dialogue.

The Board acknowledges that concerns regarding Board Committee meeting attendance resulted in a number of votes against Resolution 16. During 2014 it was not possible to reschedule meetings to accommodate the long-standing commitments of Directors who were appointed part way through the year.

Full details of the resolutions were set out in the Notice of Annual General Meeting, dated 13 March 2015.

Resolutions 1 to 20 were ordinary resolutions, requiring more than 50% of shareholders' votes to be cast for the resolutions.

Resolutions 21 to 23 were special resolutions, requiring more than 75% of shareholders' votes to be cast for the resolutions.

Copies of the resolutions dealing with special business passed at the Annual General Meeting have been sent to the National Storage Mechanism and will shortly be available for inspection at www.hemson.com/nsm.do

NOTES:

   1.         All resolutions were passed. 
   2.         Votes "For" and "Against" are expressed as a percentage of votes received. 
   3.         Votes "For" include those votes giving Chairman discretion 

4. A "Vote withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.

5. The issued share capital on 18 May 2015 was 399,999,971 ordinary shares of 10 pence each.

Enquiries

 
 Investors: 
----------------------------------------------------------------------- 
 Katherine Jones                      Mark Devin 
  Director of Investor Relations       Interim Deputy Company Secretary 
  +44 (0) 207 444 8040                 +44 (0) 207 444 8084 
  katherine.jones@partnership.co.uk    mark.devin@partnership.co.uk 
-----------------------------------  ---------------------------------- 
 
 
 Media 
---------------------------------------------------------------- 
 Jim Boyd                         Citigate Dewe Rogerson 
  Director of Corporate Affairs    Grant Ringshaw, Shelly Chadda 
  +44 (0) 207 618 2744             +44 (0) 207 638 9571 
  pressoffice@partnership.co.uk 
-------------------------------  ------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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