Chesnara PLC Result of AGM (6129Z)

TIDMCSN

RNS Number : 6129Z

Chesnara PLC

16 May 2023

 
 
   LEI Number: 213800VFRMBRTSZ3SJ06 
 

16(th) May 2023

CHESNARA plc

("Chesnara" or "the Company")

RESULT OF THE CHESNARA PLC 2023 ANNUAL GENERAL MEETING

Chesnara plc (CSN.L) announces that the resolutions proposed at its Annual General Meeting held on 16(th) May 2023 were passed by a show of hands. For information, the results of the AGM, which includes the total number of votes received for each resolution, are set out below. The Company's issued share capital on 16(th) May 2023 consisted of 150,404,962 ordinary 5p shares and the number of voting rights was also 150,404,962 ordinary 5p shares (as there were no treasury shares).

 
 No.   Resolution                               No. of votes       %         Votes       %         Total         Votes 
                                     'for' & 'discretionary'            'against'*                No. of    'withheld' 
                                                                                              votes cast 
       To receive and adopt the 
       report and accounts for 
       the year ended 31 December 
 1     2022                                       91,059,200   99.99         5,838    0.01    91,065,038        60,746 
      ---------------------------  -------------------------  ------  ------------  ------  ------------  ------------ 
 2     To approve the Directors'                  66,203,911   72.66    24,914,731   27.34    91,118,642         7,142 
       Remuneration Report 
      ---------------------------  -------------------------  ------  ------------  ------  ------------  ------------ 
 3     To approve the Directors'                  87,638,247   96.25     3,416,902    3.75    91,055,149        70,635 
       Remuneration Policy 
      ---------------------------  -------------------------  ------  ------------  ------  ------------  ------------ 
 4     To declare a final                         91,083,620   99.95        41,247    0.05    91,124,867           917 
       dividend of 15.16p per 
       ordinary 
       share 
      ---------------------------  -------------------------  ------  ------------  ------  ------------  ------------ 
       To re-elect Steve Murray 
 5     as a director                              91,052,509   99.96        33,045    0.04    91,085,554        40,230 
      ---------------------------  -------------------------  ------  ------------  ------  ------------  ------------ 
       To re-elect Carol Hagh as 
 6     a director                                 88,461,192   97.13     2,617,472    2.87    91,078,664        47,120 
      ---------------------------  -------------------------  ------  ------------  ------  ------------  ------------ 
 7     To re-elect Karin                          90,191,882   99.03       886,782    0.97    91,078,664        47,120 
       Bergstein as a director 
      ---------------------------  -------------------------  ------  ------------  ------  ------------  ------------ 
 8     To re-elect David                          91,052,509   99.96        33,045    0.04    91,085,554        40,230 
       Rimmington as a director 
      ---------------------------  -------------------------  ------  ------------  ------  ------------  ------------ 
       To re-elect Jane Dale as a 
 9     director                                   90,193,781   99.02       888,698    0.98    91,082,479        43,305 
      ---------------------------  -------------------------  ------  ------------  ------  ------------  ------------ 
       To re-elect Luke Savage as 
 10    a director                                 88,465,042   97.12     2,620,512    2.88    91,085,554        40,230 
      ---------------------------  -------------------------  ------  ------------  ------  ------------  ------------ 
       To re-elect Mark Hesketh 
 11    as a director                              90,020,780   98.83     1,068,069    1.17    91,088,849        36,935 
      ---------------------------  -------------------------  ------  ------------  ------  ------------  ------------ 
 12    To re-elect Eamonn                         88,027,055   96.64     3,061,794    3.36    91,088,849        36,935 
       Flanagan as a director 
      ---------------------------  -------------------------  ------  ------------  ------  ------------  ------------ 
       To re-appoint Deloitte LLP 
 13    as auditor                                 91,084,026   99.96        38,166    0.04    91,122,192         3,592 
      ---------------------------  -------------------------  ------  ------------  ------  ------------  ------------ 
 14    To authorise the directors                 91,069,446   99.94        51,246    0.06    91,120,692         5,092 
       to determine the auditor's 
       remuneration 
      ---------------------------  -------------------------  ------  ------------  ------  ------------  ------------ 
 15    To provide limited                         81,325,983   98.74     1,034,465    1.26    82,360,448     8,765,336 
       authority to make 
       political donations 
       and to incur limited 
       political expenditure 
      ---------------------------  -------------------------  ------  ------------  ------  ------------  ------------ 
 16    To approve and adopt the                   90,197,342   99.08       834,915    0.92    91,032,257        93,527 
       rules of the Chesnara 2023 
       Short-term Incentive 
       Scheme 
      ---------------------------  -------------------------  ------  ------------  ------  ------------  ------------ 
 17    To approve and adopt the                   86,905,698   95.47     4,126,559    4.53    91,032,257        93,527 
       rules of the Chesnara 2023 
       Long-term Incentive Plan 
      ---------------------------  -------------------------  ------  ------------  ------  ------------  ------------ 
 18.   To authorise the directors                 90,099,713   98.89     1,015,013    1.11    91,114,726        11,058 
       to allot equity securities 
       up to a specified amount 
      ---------------------------  -------------------------  ------  ------------  ------  ------------  ------------ 
 19.   Special resolution - To                    90,279,079   99.08       838,442    0.92    91,117,521         8,263 
       give the directors power 
       to allot equity securities 
       for cash without making 
       an offer to shareholders 
       (rights issue or open 
       offer) 
      ---------------------------  -------------------------  ------  ------------  ------  ------------  ------------ 
 20.   Special resolution - To                    90,287,264   99.09       829,809    0.91    91,117,073         8,711 
       give the directors power 
       to allot equity securities 
       for cash without making 
       an offer to shareholders 
       (financing or refinancing 
       an acquisition) 
                                   -------------------------  ------  ------------  ------  ------------  ------------ 
 21.   Special resolution - To                    91,025,736   99.93        65,888    0.07    91,091,624        34,160 
       give the Company limited 
       authority to purchase its 
       own shares 
      ---------------------------  -------------------------  ------  ------------  ------  ------------  ------------ 
 22.   Special resolution - To                    90,325,739   99.16       763,590    0.84    91,089,329        36,455 
       adopt the revised Articles 
       of Association 
      ---------------------------  -------------------------  ------  ------------  ------  ------------  ------------ 
 23.   Special resolution - To                    90,889,668   99.75       229,570    0.25    91,119,238         6,546 
       allow the Company to call 
       general meetings on not 
       less than 14 clear days' 
       notice 
      ---------------------------  -------------------------  ------  ------------  ------  ------------  ------------ 
 

*Votes 'withheld' have not been included in the calculation of whether the resolution is carried. Percentages have been rounded to two decimal places.

The Board confirms that it will consult and engage with shareholders to understand and discuss their views in respect of Resolution 2 (the Directors' Remuneration Report excluding the Directors' Remuneration Policy). In accordance with the UK Corporate Governance Code, the Company will publish an update in this regard within the next six months of this AGM.

The full text of the resolutions can be found in the Notice of the Meeting set out in the Financial Statements for the year ended 31 December 2022, copies of which are available on the Company's website, www.chesnara.co.uk . In accordance with Listing Rule 9.6.3, full details of the resolutions passed as special business will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

Investor Enquiries

Sam Perowne

Head of Strategic Development & Investor Relations

Chesnara plc

E - [e-mail]

Media Enquiries

Roddy Watt

Director, Capital Markets

FWD

T - 020 7280 0651 / 07714 770 493

E - [e-mail]

Notes to Editors

Chesnara (CSN.L) is a European life and pensions consolidator listed on the London Stock Exchange. It administers approximately one million policies and operates as Countrywide Assured and CASLP in the UK, as The Waard Group and Scildon in the Netherlands, and as Movestic in Sweden.

Following a three-pillar strategy, Chesnara's primary responsibility is the efficient administration of its customers' life and savings policies, ensuring good customer outcomes and providing a secure and compliant environment to protect policyholder interests. It also adds value by writing profitable new business in Sweden and the Netherlands and by undertaking value-adding acquisitions of either companies or portfolios.

Consistent delivery of the Company strategy has enabled Chesnara to increase its dividend for 18 years in succession.

Further details are available on the Company's website ( www.chesnara.co.uk ).

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May 16, 2023 09:24 ET (13:24 GMT)