Close Brothers Group PLC Result of AGM (7632W)

TIDMCBG

RNS Number : 7632W

Close Brothers Group PLC

16 November 2017

Close Brothers Group plc

Results of 2017 Annual General Meeting held on Thursday 16 November 2017.

All resolutions were passed by the requisite majority by a poll vote; resolutions 1 to 16 as ordinary resolutions and resolutions 17 to 21 as special resolutions.

The following votes were cast in respect of the AGM resolutions:

 
                                                                                                      % of 
                                         Total                  Total                     Total     Issued 
                                         Votes                  Votes                     Votes      share       Votes 
         Ordinary Resolutions              For     % For      Against   % Against          Cast    capital    Withheld 
----  --------------------------  ------------  --------  -----------  ----------  ------------  ---------  ---------- 
       To receive and adopt the 
       2017 Annual Report and 
       Accounts 
 1.    and the Auditor's Report    119,207,016    99.93%       78,309       0.07%   119,285,325     78.60%     161,566 
----  --------------------------  ------------  --------  -----------  ----------  ------------  ---------  ---------- 
       To approve the Directors' 
        Remuneration Report for 
        the financial year ended 
 2.     31 July 2017               115,902,091    99.23%      896,955       0.77%   116,799,046     76.96%   2,647,845 
----  --------------------------  ------------  --------  -----------  ----------  ------------  ---------  ---------- 
       To approve the Directors' 
       Remuneration Policy 
       contained 
       in the Directors' 
       Remuneration 
 3.    Report                      115,948,606    97.08%    3,487,263       2.92%   119,435,869     78.70%      11,022 
----  --------------------------  ------------  --------  -----------  ----------  ------------  ---------  ---------- 
       To authorise the payment 
       of a final dividend on 
       the 
       ordinary shares of 40p 
       per 
       share for the year ended 
 4.    31 July 2017                119,446,371   100.00%          520       0.00%   119,446,891     78.70%           0 
----  --------------------------  ------------  --------  -----------  ----------  ------------  ---------  ---------- 
       To reappoint Mike Biggs 
 5.     as a director              115,739,711    96.90%    3,702,505       3.10%   119,442,216     78.70%       4,675 
----  --------------------------  ------------  --------  -----------  ----------  ------------  ---------  ---------- 
       To reappoint Preben 
       Prebensen 
 6.    as a director               118,708,694    99.39%      733,522       0.61%   119,442,216     78.70%       4,675 
----  --------------------------  ------------  --------  -----------  ----------  ------------  ---------  ---------- 
       To reappoint Jonathan 
       Howell 
 7.    as a director               118,609,348    99.30%      834,018       0.70%   119,443,366     78.70%       3,525 
----  --------------------------  ------------  --------  -----------  ----------  ------------  ---------  ---------- 
       To reappoint Elizabeth 
       Lee 
 8.    as a director               118,696,664    99.38%      736,230       0.62%   119,432,894     78.69%      13,997 
----  --------------------------  ------------  --------  -----------  ----------  ------------  ---------  ---------- 
       To reappoint Oliver 
       Corbett 
 9.    as a director               119,007,115    99.64%      434,801       0.36%   119,441,916     78.70%       4,975 
----  --------------------------  ------------  --------  -----------  ----------  ------------  ---------  ---------- 
       To reappoint Geoffrey 
       Howe 
 10.   as a director               119,001,752    99.64%      428,812       0.36%   119,430,564     78.69%      16,327 
----  --------------------------  ------------  --------  -----------  ----------  ------------  ---------  ---------- 
       To reappoint Lesley Jones 
 11.    as a director              119,016,607    99.64%      426,459       0.36%   119,443,066     78.70%       3,825 
----  --------------------------  ------------  --------  -----------  ----------  ------------  ---------  ---------- 
       To reappoint Bridget 
       Macaskill 
 12.   as a director               118,657,639    99.35%      775,575       0.65%   119,433,214     78.69%      13,677 
----  --------------------------  ------------  --------  -----------  ----------  ------------  ---------  ---------- 
       To appoint 
       PricewaterhouseCoopers 
 13.   LLP as auditor              119,399,426    99.97%       37,602       0.03%   119,437,028     78.70%       9,863 
----  --------------------------  ------------  --------  -----------  ----------  ------------  ---------  ---------- 
       To authorise the 
       directors 
       to determine the 
       remuneration 
 14.   of the auditor              119,413,001    99.97%       31,320       0.03%   119,444,321     78.70%       2,570 
----  --------------------------  ------------  --------  -----------  ----------  ------------  ---------  ---------- 
       If resolution 3 is 
       passed, 
       to approve the updated 
       Close 
       Brothers Omnibus Share 
       Incentive 
 15.   Plan                        116,008,935    97.13%    3,422,325       2.87%   119,431,260     78.69%      15,631 
----  --------------------------  ------------  --------  -----------  ----------  ------------  ---------  ---------- 
       To authorise the Board to 
       allot shares and to grant 
       rights to subscribe for 
       or convert any security 
       into shares (within 
       prescribed 
 16.   limits)                     114,459,624    95.83%    4,978,135       4.17%   119,437,759     78.70%       9,132 
----  --------------------------  ------------  --------  -----------  ----------  ------------  ---------  ---------- 
       Special Resolutions 
----  --------------------------  ------------  --------  -----------  ----------  ------------  ---------  ---------- 
       That, if resolution 16 is 
       passed, pre-emption 
       rights 
       are disapplied in 
       relation 
       to allotments of equity 
       securities up to 5% of 
       issued 
 17.   share capital               118,911,446    99.56%      525,763       0.44%   119,437,209     78.70%       9,682 
----  --------------------------  ------------  --------  -----------  ----------  ------------  ---------  ---------- 
       That, if resolution 16 is 
       passed, pre-emption 
       rights 
       are disapplied in 
       relation 
       to allotments of equity 
       securities up to a 
       further 
       5% of issued share 
 18.   capital                     101,927,202    85.34%   17,510,007      14.66%   119,437,209     78.70%       9,682 
----  --------------------------  ------------  --------  -----------  ----------  ------------  ---------  ---------- 
       That the Company be 
       generally 
       and unconditionally 
       authorised 
       to make market purchases 
       of its own shares (within 
 19.   prescribed limits)          116,535,832    97.59%    2,883,047       2.41%   119,418,879     78.68%     162,916 
----  --------------------------  ------------  --------  -----------  ----------  ------------  ---------  ---------- 
       That a general meeting 
       except 
       an AGM may be called on 
       not less than 14 clear 
       days' 
 20.   notice                      116,208,593    97.31%    3,215,420       2.69%   119,424,013     78.69%      22,878 
----  --------------------------  ------------  --------  -----------  ----------  ------------  ---------  ---------- 
       That, subject to Court 
       approval, 
       GBP307,762,365.31 
       standing 
       to the credit of the 
       share 
       premium account be 
       cancelled 
       and credited to 
       distributable 
 21.   profits                     119,437,872   100.00%        1,728       0.00%   119,439,600     78.70%       7,291 
----  --------------------------  ------------  --------  -----------  ----------  ------------  ---------  ---------- 
 

NOTES:

   1.   'Total Votes For' include votes recorded as at the discretion of the appointed proxy. 

2. The 'vote withheld' option was provided to enable shareholders to refrain from voting on any particular resolution. A vote withheld is not a vote in law and has not been counted in the calculation of the proportion of the vote 'For' and 'Against' a resolution.

3. At the date of the AGM the issued share capital of the Company was 151,770,022 ordinary shares (excluding 290,268 treasury shares).

4. The full text of the resolutions is detailed in the Notice of Meeting to be found on the Company website at

www.closebrothers.com/investor-relations/shareholder-information/annual-general-meeting

This information is provided by RNS

The company news service from the London Stock Exchange

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November 16, 2017 12:00 ET (17:00 GMT)