Capital & Counties Properties Plc Result of AGM (3815E)

TIDMCAPC

RNS Number : 3815E

Capital & Counties Properties Plc

05 May 2017

5 May 2017

CAPITAL & COUNTIES PROPERTIES PLC (the "Company")

RESOLUTIONS PASSED AT 2017 ANNUAL GENERAL MEETING

The results of the voting by poll on the resolutions put to the Company's Annual General Meeting held today are as follows:

 
       Resolutions             For:         %       Against:       %        Total        % of     Withheld: 
                                                                            votes       issued 
                                                                            cast:        share 
                                                                                        capital 
-------------------------  ------------  -------  ------------  ------  ------------  ---------  ---------- 
 1. To receive 
  the accounts 
  and reports 
  of the Directors 
  and the Auditors 
  for the year 
  ended 31 December 
  2016                      666,574,329   100.00         4,145    0.00   668,765,665      79.04   2,187,191 
-------------------------  ------------  -------  ------------  ------  ------------  ---------  ---------- 
 2. To declare 
  a final dividend 
  of 1 pence per 
  ordinary share            666,167,638    99.66     2,304,774    0.34   668,765,665      79.04     293,253 
-------------------------  ------------  -------  ------------  ------  ------------  ---------  ---------- 
 3. To re-elect 
  Ian Durant as 
  a Director                653,835,914    98.07    12,881,473    1.93   668,765,665      79.04   2,048,278 
-------------------------  ------------  -------  ------------  ------  ------------  ---------  ---------- 
 4. To re-elect 
  Ian Hawksworth 
  as a Director             665,033,723    99.51     3,251,881    0.49   668,765,665      79.04     480,061 
-------------------------  ------------  -------  ------------  ------  ------------  ---------  ---------- 
 5. To elect 
  Situl Jobanputra 
  as a Director             666,775,243    99.75     1,677,738    0.25   668,765,665      79.04     312,684 
-------------------------  ------------  -------  ------------  ------  ------------  ---------  ---------- 
 6. To re-elect 
  Gary Yardley 
  as a Director             667,511,399    99.86       943,084    0.14   668,765,665      79.04     311,182 
-------------------------  ------------  -------  ------------  ------  ------------  ---------  ---------- 
 7. To re-elect 
  Graeme Gordon 
  as a Director             664,302,307    99.38     4,150,674    0.62   668,765,665      79.04     312,684 
-------------------------  ------------  -------  ------------  ------  ------------  ---------  ---------- 
 8. To re-elect 
  Gerry Murphy 
  as a Director             668,269,286    99.97       192,065    0.03   668,765,665      79.04     304,314 
-------------------------  ------------  -------  ------------  ------  ------------  ---------  ---------- 
 9. To re-elect 
  Demetra Pinsent 
  as a Director             668,268,394    99.97       192,957    0.03   668,765,665      79.04     304,314 
-------------------------  ------------  -------  ------------  ------  ------------  ---------  ---------- 
 10. To re-elect 
  Henry Staunton 
  as a Director             668,253,003    99.97       208,348    0.03   668,765,665      79.04     304,314 
-------------------------  ------------  -------  ------------  ------  ------------  ---------  ---------- 
 11. To re-elect 
  Andrew Strang 
  as a Director             668,245,310    99.97       217,543    0.03   668,765,665      79.04     302,812 
-------------------------  ------------  -------  ------------  ------  ------------  ---------  ---------- 
 12. To re-elect 
  Anthony Steains 
  as a Director             668,269,667    99.97       192,619    0.03   668,765,665      79.04     303,379 
-------------------------  ------------  -------  ------------  ------  ------------  ---------  ---------- 
 13. To re-appoint 
  PricewaterhouseCoopers 
  LLP as Auditors           663,811,173    99.99        36,303    0.01   668,765,665      79.04   4,918,189 
-------------------------  ------------  -------  ------------  ------  ------------  ---------  ---------- 
 14. To authorise 
  the Directors 
  to determine 
  the Auditors' 
  remuneration              668,459,603   100.00        12,799    0.00   668,765,665      79.04     293,263 
-------------------------  ------------  -------  ------------  ------  ------------  ---------  ---------- 
 15. To approve 
  the Directors' 
  Remuneration 
  Policy for the 
  year ended 31 
  December 2016             650,133,456    97.63    15,774,537    2.37   668,765,664      79.04   2,857,671 
-------------------------  ------------  -------  ------------  ------  ------------  ---------  ---------- 
 16. To approve 
  the Directors' 
  Remuneration 
  Report for the 
  year ended 31 
  December 2016 
  (other than 
  the Remuneration 
  Policy)                   659,192,161    98.65     9,000,884    1.35   668,765,574      79.04     572,529 
-------------------------  ------------  -------  ------------  ------  ------------  ---------  ---------- 
 17. To authorise 
  the Directors 
  to offer newly 
  issued shares, 
  instead of cash 
  in respect of 
  any dividends 
  declared                  579,736,923    86.73    88,726,895   13.27   668,765,665      79.04     301,847 
-------------------------  ------------  -------  ------------  ------  ------------  ---------  ---------- 
 18. To authorise 
  the Directors 
  to allot the 
  unissued share 
  capital up to 
  a specified 
  amount (s.551) 
  (Companies Act 
  2006)                     372,211,794    55.68   296,239,570   44.32   668,765,665      79.04     314,301 
-------------------------  ------------  -------  ------------  ------  ------------  ---------  ---------- 
 19. Special 
  Resolution: 
  To disapply 
  pre-emption 
  provisions of 
  s.561(1) of 
  the Companies 
  Act up to a 
  specified amount          532,128,635    79.61   136,315,090   20.39   668,765,665      79.04     321,940 
-------------------------  ------------  -------  ------------  ------  ------------  ---------  ---------- 
 20. Special 
  Resolution: 
  To authorise 
  the Company 
  to purchase 
  its own shares            655,355,262    98.04    13,115,107    1.96   668,765,665      79.04     295,296 
-------------------------  ------------  -------  ------------  ------  ------------  ---------  ---------- 
 21. Special 
  Resolution: 
  To allow General 
  Meetings (other 
  than AGMs) to 
  be held on 14 
  clear days' 
  notice                    629,678,494    94.20    38,783,737    5.80   668,765,664      79.04     303,433 
-------------------------  ------------  -------  ------------  ------  ------------  ---------  ---------- 
 22. To approve 
  the rules of 
  the Performance 
  Share Plan 2017 
  and authorise 
  the Directors 
  to carry into 
  effect                    557,506,962    83.62   109,209,429   16.38   668,765,664      79.04   2,049,273 
-------------------------  ------------  -------  ------------  ------  ------------  ---------  ---------- 
 

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: 846,123,217. Every shareholder has one vote for every ordinary share held.

Following the approval of the 2016 final dividend, it is confirmed that the scrip dividend alternative will be offered to shareholders in respect of the dividend.

The Board notes that, although resolutions 18 and 19 were passed with the requisite majorities, 44.32% and 20.39% respectively of votes received were against each resolution. This voting outcome reflects differing market practice between the UK and South Africa. 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. However, market practice for South African institutional shareholders is to vote on proposed allotments of shares on a case by case basis.

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 [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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May 05, 2017 11:30 ET (15:30 GMT)