Next PLC Result of AGM (5765F)

TIDMNXT

RNS Number : 5765F

Next PLC

18 May 2017

 
 Contacts:      Alistair Mackinnon-Musson 
                Rowbell PR                               Tel: [phone] 
                Email: [e-mail] 
 
 Photographs:   Photographs available at: 
                 http://press.next.co.uk/media/company-images/campaignimages.aspx 
 

NEXT PLC

Results of 2017 Annual General Meeting ("AGM")

The Board of Next plc is pleased to announce that at the AGM of Next shareholders held on 18 May 2017 all resolutions as set out in the Notice of Meeting contained in the Annual Report and Accounts for the year ended 28 January 2017 were passed.

All resolutions were put to the meeting and approved on a poll and results are detailed below.

The total number of shares on the register at 6pm on 16 May 2017, being those eligible to be voted on at the AGM, was 147,056,562.

 
                                                                                                       % of 
                                                                                                      shares 
                                                                                                        on 
                                                                                                     register 
                                                                                                      at 6pm 
                                                                                     TOTAL VOTES      16 May       Votes 
                                                 For                 Against             CAST          2017     withheld(1) 
------------------------  ----------  ------------------------  -----------------  ---------------  ---------  ------------ 
       Resolution          Special /    No. of Votes      %       No. of      %      No. of Votes       %         No. of 
                           Ordinary                                Votes                                           Votes 
------------------------  ----------  ---------------  -------  ----------  -----  ---------------  ---------  ------------ 
 1 To receive and adopt 
  the accounts and 
  reports of the 
  directors and auditor     Ordinary      108,995,810    99.58     455,579   0.42      109,451,389      74.43        28,113 
------------------------  ----------  ---------------  -------  ----------  -----  ---------------  ---------  ------------ 
 2 To approve the 
  Directors' 
  Remuneration Policy       Ordinary      107,107,291    98.64   1,471,317   1.36      108,578,608      73.83       900,892 
------------------------  ----------  ---------------  -------  ----------  -----  ---------------  ---------  ------------ 
 3 To approve the 
  Remuneration Report       Ordinary      108,223,045    99.60     436,396   0.40      108,659,441      73.89       820,060 
------------------------  ----------  ---------------  -------  ----------  -----  ---------------  ---------  ------------ 
 4 To declare a final 
  dividend of 105p per 
  ordinary share            Ordinary      109,464,444   100.00       4,504   0.00      109,468,948      74.44        10,554 
------------------------  ----------  ---------------  -------  ----------  -----  ---------------  ---------  ------------ 
 5 To re-elect John 
  Barton as a director      Ordinary      106,807,508    97.60   2,623,541   2.40      109,431,049      74.41        48,453 
------------------------  ----------  ---------------  -------  ----------  -----  ---------------  ---------  ------------ 
 6 To elect Jonathan 
  Bewes as a director       Ordinary      109,068,801    99.67     361,757   0.33      109,430,558      74.41        48,944 
------------------------  ----------  ---------------  -------  ----------  -----  ---------------  ---------  ------------ 
 7 To re-elect Caroline 
  Goodall as a director     Ordinary      108,918,613    99.53     512,570   0.47      109,431,183      74.41        48,319 
------------------------  ----------  ---------------  -------  ----------  -----  ---------------  ---------  ------------ 
 8 To re-elect Amanda 
  James as a director       Ordinary      108,890,381    99.51     540,933   0.49      109,431,314      74.41        48,188 
------------------------  ----------  ---------------  -------  ----------  -----  ---------------  ---------  ------------ 
 9 To re-elect Michael 
  Law as a director         Ordinary      108,967,226    99.58     463,597   0.42      109,430,823      74.41        48,679 
------------------------  ----------  ---------------  -------  ----------  -----  ---------------  ---------  ------------ 
 10 To elect Michael 
  Roney as a director       Ordinary      108,488,792    99.92      92,150   0.08      108,580,942      73.84       898,559 
------------------------  ----------  ---------------  -------  ----------  -----  ---------------  ---------  ------------ 
 11 To re-elect Francis 
  Salway as a director      Ordinary      109,061,016    99.66     369,451   0.34      109,430,467      74.41        49,035 
------------------------  ----------  ---------------  -------  ----------  -----  ---------------  ---------  ------------ 
 12 To re-elect Jane 
  Shields as a director     Ordinary      108,968,059    99.58     462,334   0.42      109,430,393      74.41        49,109 
------------------------  ----------  ---------------  -------  ----------  -----  ---------------  ---------  ------------ 
 13 To re-elect Dame 
  Dianne Thompson as a 
  director                  Ordinary      109,007,329    99.61     423,373   0.39      109,430,702      74.41        48,800 
------------------------  ----------  ---------------  -------  ----------  -----  ---------------  ---------  ------------ 
 14 To re-elect Lord 
  Wolfson as a director     Ordinary      108,968,010    99.58     464,501   0.42      109,432,511      74.42        46,991 
------------------------  ----------  ---------------  -------  ----------  -----  ---------------  ---------  ------------ 
 15 To appoint 
  PricewaterhouseCoopers 
  LLP as auditor and 
  authorise the 
  directors to set their 
  remuneration              Ordinary      109,316,280    99.94      63,785   0.06      109,380,065      74.38        99,436 
------------------------  ----------  ---------------  -------  ----------  -----  ---------------  ---------  ------------ 
 16 Authority for the 
  directors to amend the 
  rules of the NEXT Long 
  Term Incentive Plan       Ordinary      108,796,669    99.39     665,001   0.61      109,461,670      74.44        17,832 
------------------------  ----------  ---------------  -------  ----------  -----  ---------------  ---------  ------------ 
 17 Directors' authority 
  to allot shares           Ordinary      103,330,203    94.47   6,046,545   5.53      109,376,748      74.38       102,753 
------------------------  ----------  ---------------  -------  ----------  -----  ---------------  ---------  ------------ 
 18 Authority to 
  disapply pre-emption 
  rights                     Special      109,116,676    99.69     340,206   0.31      109,456,882      74.43        22,620 
------------------------  ----------  ---------------  -------  ----------  -----  ---------------  ---------  ------------ 
 19 Authority to 
  disapply additional 
  pre-emption rights         Special      103,069,338    94.16   6,388,333   5.84      109,457,671      74.43        21,830 
------------------------  ----------  ---------------  -------  ----------  -----  ---------------  ---------  ------------ 
 20 Authority for 
  on-market purchase of 
  own shares                 Special      107,862,705    98.54   1,601,914   1.46      109,464,619      74.44        14,883 
------------------------  ----------  ---------------  -------  ----------  -----  ---------------  ---------  ------------ 
 21(2) Authority for 
  off-market purchases 
  of own shares              Special      108,273,887    98.92   1,186,586   1.08      109,460,473      74.43        19,028 
 Less votes disregarded under the 
  provisions of the Companies Act 
  2006                                 (3,000,000)(2)                               (3,000,000)(2) 
 Resolution 21 total                      105,273,887    98.89   1,186,586   1.11      106,460,473      72.39 
------------------------------------  ---------------  -------  ----------  -----  ---------------  ---------  ------------ 
 22 Increasing the 
  Company's borrowing 
  powers                     Special      106,699,892    97.90   2,289,071   2.10      108,988,963      74.11       490,538 
------------------------  ----------  ---------------  -------  ----------  -----  ---------------  ---------  ------------ 
 23 To authorise the 
  calling of general 
  meetings (other than 
  Annual General 
  Meetings) on 14 
  clear days' notice         Special      104,699,713    96.06   4,296,677   3.94      108,996,390      74.12       483,111 
========================  ==========  ===============  =======  ==========  =====  ===============  =========  ============ 
 

Note(1) : The 'Vote Withheld' option is provided to enable the shareholder to abstain on any resolution. It is not a vote in law and is not counted in the calculation of the proportion of votes for and against a resolution.

Note(2) : The total maximum number of Ordinary Shares which may be purchased by Next for cancellation pursuant to such contingent purchase contracts is 3.0 million. As explained in the Notice of Meeting, Next has disregarded 3.0 million votes from both the total number of votes cast in favour of the resolution and the total votes cast so that the voting of those shares did not affect the result of the poll.

In accordance with LR 9.6.2, a copy of resolutions passed as special business will be submitted as soon as practicable to the National Storage Mechanism and will be available shortly for inspection at http://www.morningstar.co.uk/uk/NSM

This information is provided by RNS

The company news service from the London Stock Exchange

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May 18, 2017 09:22 ET (13:22 GMT)