River and Mercantile Group PLC Result of AGM (5026R)

TIDMRIV

RNS Number : 5026R

River and Mercantile Group PLC

09 December 2016

River and Mercantile Group PLC

(the 'Company')

2016 Annual General Meeting ('AGM') Results

The Company announces that at its AGM held earlier today, 9 December 2016, all the resolutions set out in the Notice of AGM were passed by the requisite majority. Each of the resolutions put to the AGM was voted on by way of a poll. The results of the poll for each resolution were as follows:

 
         Resolution            For (No.      For      Against     Against     Votes     %ISC Voted 
     *indicates special        of shares)      %       (No. of      (%)      Withheld    (excluding 
         resolution                                    shares)               (No. of     withheld) 
                                                                             shares) 
---------------------------  ------------  -------  -----------  --------  ----------  ------------ 
 1. To receive 
  the annual report 
  and accounts for 
  the year ended 
  30 June 2016 together 
  with the report 
  of the auditors 
  thereon.                    71,538,913    100%     0            0         0           87.14% 
---------------------------  ------------  -------  -----------  --------  ----------  ------------ 
 2. To approve 
  the Directors' 
  report on remuneration 
  for the year ended 
  30 June 2016 as 
  set out in the 
  Annual Report 
  and Accounts 2016.          60,978,179    85.24%   10,560,734   14.76%    0           87.14% 
---------------------------  ------------  -------  -----------  --------  ----------  ------------ 
 3. To approve 
  the payment of 
  a final dividend 
  of 2.5 pence per 
  ordinary share 
  for the financial 
  year ended 30 
  June 2016.                  71,038,913    99.30%   500,000      0.70%     0           87.14% 
---------------------------  ------------  -------  -----------  --------  ----------  ------------ 
 4. Re-elect Paul 
  Bradshaw as a 
  Director of the 
  Company with controlling 
  shareholders vote.          71,538,913    100%     0            0         0           87.14% 
---------------------------  ------------  -------  -----------  --------  ----------  ------------ 
 5. Re-elect James 
  Barham as a Director 
  of the Company.             71,038,913    99.30%   500,000      0.70%     0           87.14% 
---------------------------  ------------  -------  -----------  --------  ----------  ------------ 
 6. Re-elect Jack 
  Berry as a Director 
  of the Company.             68,828,294    99.28%   500,000      0.72%     2,210,619   84.45% 
---------------------------  ------------  -------  -----------  --------  ----------  ------------ 
 7. Re-elect Angela 
  Crawford-Ingle 
  as a Director 
  of the Company 
  with controlling 
  shareholders vote.          71,538,913    100%     0            0         0           87.14% 
---------------------------  ------------  -------  -----------  --------  ----------  ------------ 
 8. Re-elect Mike 
  Faulkner as a 
  Director of the 
  Company.                    71,538,913    100%     0            0         0           87.14% 
---------------------------  ------------  -------  -----------  --------  ----------  ------------ 
 9. Re-elect Kevin 
  Hayes as a Director 
  of the Company.             71,538,913    100%     0            0         0           87.14% 
---------------------------  ------------  -------  -----------  --------  ----------  ------------ 
 10.Re-elect Robin 
  Minter-Kemp as 
  a Director of 
  the Company with 
  controlling shareholders 
  vote.                       71,038,913    100%     0            0         500,000     86.53% 
---------------------------  ------------  -------  -----------  --------  ----------  ------------ 
 11. Re-elect Jonathan 
  Punter as a Director 
  of the Company.             71,344,645    99.73%   194,268      0.27%     0           87.14% 
---------------------------  ------------  -------  -----------  --------  ----------  ------------ 
 12. Re-elect Peter 
  Warry as a Director 
  of the Company 
  with controlling 
  shareholders vote.          71,538,913    100%     0            0         0           87.14% 
---------------------------  ------------  -------  -----------  --------  ----------  ------------ 
 13. To reappoint 
  BDO LLP as auditors 
  to the Company, 
  to hold office 
  until the conclusion 
  of the next general 
  meeting at which 
  accounts are laid 
  before the shareholders.    71,344,645    100%     0            0         194,268     86.90% 
---------------------------  ------------  -------  -----------  --------  ----------  ------------ 
 14. To authorise 
  the Board to set 
  the remuneration 
  of the auditors.            71,538,913    100%     0            0         0           87.14% 
---------------------------  ------------  -------  -----------  --------  ----------  ------------ 
 15. To authorise 
  the Board to allot 
  securities.                 71,538,913    100%     0            0         0           87.14% 
---------------------------  ------------  -------  -----------  --------  ----------  ------------ 
 16. To authorise 
  the Board to incur 
  political expenditure 
  not exceeding 
  GBP50,000 during 
  the period beginning 
  on the date on 
  which this resolution 
  is passed and 
  ending on 8 March 
  2018 or if sooner, 
  the end of the 
  next AGM of the 
  Company.                    39,228,786    54.84%   32,310,127   45.16%    0           87.14% 
---------------------------  ------------  -------  -----------  --------  ----------  ------------ 
 17. The aggregate 
  annual sum of 
  fees paid to the 
  Directors be increased 
  from GBP302,500 
  to the limit of 
  GBP450,000.                 65,346,827    91.34%   6,192,086    8.66%     0           87.14% 
---------------------------  ------------  -------  -----------  --------  ----------  ------------ 
 18. To authorise 
  the Board to disapply 
  pre-emption rights.*        70,725,375    98.86%   813,538      1.14%     0           87.14% 
---------------------------  ------------  -------  -----------  --------  ----------  ------------ 
 19. In addition 
  to the authority 
  in Resolution 
  18, to authorise 
  the Board to disapply 
  pre-emption rights 
  for the purpose 
  of financing a 
  transaction which 
  is an acquisition 
  or capital investment.*     70,531,107    98.59%   1,007,806    1.41%     0           87.14% 
---------------------------  ------------  -------  -----------  --------  ----------  ------------ 
 20. To authorise 
  the Board to call 
  a general meeting 
  of the Company 
  (other than an 
  AGM) on not less 
  than 14 clear 
  days' notice.*              66,290,723    92.66%   5,248,190    7.34%     0           87.14% 
---------------------------  ------------  -------  -----------  --------  ----------  ------------ 
 

Votes of shareholders excluding controlling shareholder

 
      Resolution         For (No.     For %   Against    Against     Votes     %ISC Voted 
  *indicates special     of shares)            (No. of     (%)      Withheld    (excluding 
      resolution                               shares)              (No. of     withheld) 
                                                                    shares) 
---------------------  ------------  ------  ---------  --------  ----------  ------------ 
 4. Re-elect Paul 
  Bradshaw as a 
  Director of the 
  Company.              40,236,592    100%    0          0         0           79.22% 
---------------------  ------------  ------  ---------  --------  ----------  ------------ 
 7. Re-elect Angela 
  Crawford-Ingle 
  as a Director 
  of the Company.       40,236,592    100%    0          0         0           79.22% 
---------------------  ------------  ------  ---------  --------  ----------  ------------ 
 10. Re-elect 
  Robin Minter-Kemp 
  as a Director 
  of the Company.       39,736,592    100%    0          0         500,000     78.23% 
---------------------  ------------  ------  ---------  --------  ----------  ------------ 
 12. Re-elect 
  Peter Warry as 
  a Director of 
  the Company.          40,236,592    100%    0          0         0           79.22% 
---------------------  ------------  ------  ---------  --------  ----------  ------------ 
 

The Board has noted the votes received in respect of Resolution 2 (Directors' Remuneration Report). The Remuneration Committee recognises that, while a significant level of support has been received for the Directors' Remuneration Report, not all shareholders have voted in support and we value their feedback. The Remuneration Committee will consider the feedback provided and will engage in a dialogue with major shareholders regarding remuneration matters ahead of the 2017 AGM when the Company's remuneration policy is next scheduled to be put to the vote.

This information is provided by RNS

The company news service from the London Stock Exchange

END

RAGAKCDBOBDDABK

(END) Dow Jones Newswires

December 09, 2016 12:45 ET (17:45 GMT)