Ashmore Group PLC Result of AGM (2176N)

TIDMASHM

RNS Number : 2176N

Ashmore Group PLC

21 October 2016

Ashmore Group plc (the "Company")

21 October 2016

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, 8 and 9, relating to the 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.

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 2016       589,251,554    3,258,950      35,921         592,510,504   99.45 
-----  ----------------------------  -------------  -------------  -------------  ------------  ---------------------- 
         To declare a final           592,528,164    750            17,511         592,528,914   100.00 
   2     dividend for the year 
         ended 30 June 2016 of 12.1 
         pence per Ordinary Share 
-----  ----------------------------  -------------  -------------  -------------  ------------  ---------------------- 
        To re-elect Mark Coombs as 
   3    a Director                    592,369,844    158,570        18,011         592,528,414   99.97 
-----  ----------------------------  -------------  -------------  -------------  ------------  ---------------------- 
        To re-elect Tom Shippey as 
   4    a Director                    592,185,244    343,170        18,011         592,528,414   99.94 
-----  ----------------------------  -------------  -------------  -------------  ------------  ---------------------- 
        To re-elect Peter Gibbs as    587,449,478    1,995,736      3,101,211      589,445,214   99.66 
   5    a Director (all 
        shareholders) 
-----  ----------------------------  -------------  -------------  -------------  ------------  ---------------------- 
        To re-elect Peter Gibbs as    303,079,178    1,995,736      3,101,211      305,074,914   99.35 
   5    a Director (independent 
        shareholders) 
-----  ----------------------------  -------------  -------------  -------------  ------------  ---------------------- 
         To re-elect Simon Fraser     579,725,877    12,617,937     202,611        592,343,814   97.87 
   6     as a Director (all 
         shareholders) 
-----  ----------------------------  -------------  -------------  -------------  ------------  ---------------------- 
         To re-elect Simon Fraser     295,355,577    12,617,937     202,611        307,973,514   95.90 
   6     as a Director (independent 
         shareholders) 
-----  ----------------------------  -------------  -------------  -------------  ------------  ---------------------- 
        To re-elect Dame Anne         592,308,830    219,584        18,011         592,528,414   99.96 
   7    Pringle as a Director (all 
        shareholders) 
-----  ----------------------------  -------------  -------------  -------------  ------------  ---------------------- 
        7. To re-elect Dame Anne      307,938,530    219,584        18,011         308,158,114   99.93 
   7    Pringle as a Director 
        (independent shareholders) 
-----  ----------------------------  -------------  -------------  -------------  ------------  ---------------------- 
        To re-elect David Bennett     592,148,830    380,770        18.011         592,529,600   99.94 
   8    as a Director (all 
        shareholders) 
-----  ----------------------------  -------------  -------------  -------------  ------------  ---------------------- 
        To re-elect David Bennett     307,778,530    380,770        18,011         308,159,300   99.88 
   8    as a Director (independent 
        shareholders) 
-----  ----------------------------  -------------  -------------  -------------  ------------  ---------------------- 
        To elect Clive Adamson as a   592,370,341    158,573        17,511         592,528,914   99.97 
   9    Director (all shareholders) 
-----  ----------------------------  -------------  -------------  -------------  ------------  ---------------------- 
        To elect Clive Adamson as a   308,000,041    158,573        17,511         308,158,614   99.95 
   9    Director (independent 
        shareholders) 
-----  ----------------------------  -------------  -------------  -------------  ------------  ---------------------- 
        To approve the Remuneration   515,559,732    75,621,253     1,364,253      591,180,985   87.21 
   10   Report for the year ended 
        30 June 2016 
-----  ----------------------------  -------------  -------------  -------------  ------------  ---------------------- 
        To re-appoint KPMG LLP as 
   11   auditors                      589,498,122    2,622,699      425,604        592,120,821   99.56 
-----  ----------------------------  -------------  -------------  -------------  ------------  ---------------------- 
        To authorise the Directors    592,243,852    277,703        24,870         592,521,555   99.95 
   12   to agree the remuneration 
        of the auditors 
-----  ----------------------------  -------------  -------------  -------------  ------------  ---------------------- 
        To authorise political        582,665,274    9,846,366      34,785         592,511,640   98.34 
   13   donations and political 
        expenditure 
-----  ----------------------------  -------------  -------------  -------------  ------------  ---------------------- 
        To authorise the Directors    585,994,057    6,529,595      22,773         592,523,652   98.90 
   14   to allot shares 
-----  ----------------------------  -------------  -------------  -------------  ------------  ---------------------- 
        To authorise the              592,413,630    110,425        22,370         592,524,055   99.98 
   15   dis-application of 
        pre-emption rights up to 
        35,368,623 shares** 
-----  ----------------------------  -------------  -------------  -------------  ------------  ---------------------- 
        To authorise the              584,679,465    7,844,187      22,773         592,523,652   98.68 
   16   dis-application of 
        pre-emption rights up to a 
        further 35,368,623 shares** 
-----  ----------------------------  -------------  -------------  -------------  ------------  ---------------------- 
        To authorise market           590,475,712    2,048,702      22,011         592,524,414   99.65 
   17   purchases of shares** 
-----  ----------------------------  -------------  -------------  -------------  ------------  ---------------------- 
        To approve the renewal of     195,475,659    111,334,115    285,736,650    306,809,774   63.71 
        the waiver of the 
   18   obligation under Rule 9 of 
        the Takeover Code *** 
-----  ----------------------------  -------------  -------------  -------------  ------------  ---------------------- 
        To reduce the notice period   578,857,830    13,671,084     17,511         592,528,914   97.69 
   19   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 18 as an interested party 

With effect from the conclusion of the annual general meeting, Nick Land has retired from

the Board.

In keeping with best practice, the Company regularly engages with its major shareholders on a range of matters. The Company consults with a number of shareholders and proxy advisor bodies to discuss the business being proposed at the Company's AGM to understand the reasons for shareholders voting against any particular resolution, (such as Resolution 18) and remains committed to engaging with shareholders on any issues of concern to ensure that its policies and practice are transparent and clear in the context of its business model and performance. The Board is kept informed of, and assesses, any shareholder feedback relating to such matters.

The above summary of proxy votes will shortly be available on the Company's website, www.ashmoregroup.com.

For further details, please contact:

Michael Perman

Company Secretary

Ashmore Group plc

61, Aldwych

London WC2B 4AE

(T) [phone]

END

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October 21, 2016 10:57 ET (14:57 GMT)