Ashmore Group PLC Result of AGM (6747E)

TIDMASHM

RNS Number : 6747E

Ashmore Group PLC

19 October 2018

Ashmore Group plc (the "Company")

19 October 2018

Results of Annual General Meeting ("AGM")

The Board of Ashmore Group plc (the "Board"), is pleased to announce that at the AGM of the Company held earlier today all resolutions were duly passed on a poll. All of the resolutions are accordingly, declared as carried. Resolutions 5, 6, 7 and 8, relating to the re-election of Independent Non-Executive Directors, are carried by a majority of votes cast by both Independent Shareholders as well as by a majority of votes cast by all shareholders.

We acknowledge that some shareholders did not support Resolution 17 (waiver of obligation under Rule 9 of the Takeover Code). Ashmore actively solicits the views of its major shareholders and following publication of the Notice of Meeting was in contact with a number of them to understand how they intended to vote and why. This, together with previous engagement on the same issue, meant that the Company has already gained some insight into the reasons behind the results of the voting. The Company will continue this dialogue with its shareholders as part of its normal investor relations activities. Ashmore remains committed to engaging with shareholders on issues of concern to ensure that its policies and practice are transparent, clear and understood in the context of Ashmore's business model and performance, in particular its proposals regarding the waiver under Rule 9 of the Takeover Code. Shareholders' views are reported to the Board so that they can be taken into account in future decision-making.

The results of the poll on each resolution were as follows:

 
                                    FOR            AGAINST        ABSTAIN*       TOTAL VOTE 
      Resolution Number             No. of Votes   No. of Votes   No. of Votes                 % age of total votes in 
                                                                                               favour 
     ----------------------------  -------------  -------------  -------------  ------------ 
      To receive and adopt the 
      Report and Accounts for the 
 1    year ended 30 June 2018       612,565,795    0              236,661        612,565,795   100% 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 2     To declare a final           612,801,323    0              1,133          612,801,323   100% 
       dividend for the year 
       ended 30 June 2018 of 12.1 
       pence per Ordinary Share 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
      To re-elect Mark Coombs as 
 3    a Director                    610,241,981    2,558,223      2,252          612,800,204   99.58% 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
      To re-elect Tom Shippey as 
 4    a Director                    610,241,664    2,558,460      2,332          612,800,124   99.58% 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 5    To re-elect Clive Adamson     556,753,377    55,925,874     123,204        612,679,251   90.87% 
      as a Director (all 
      shareholders) 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 5    To re-elect Clive Adamson     285,361,764    55,925,874     123,124        341,287,638   83.61% 
      as a Director (independent 
      shareholders) 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 6     To re-elect David Bennett    609,562,704    3,237,419      2,332          612,800,123   99.47% 
       as a Director (all 
       shareholders) 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 6     To re-elect David Bennett    338,171,091    3,237,419      2,332          341,408,510   99.05 
       as a Director (independent 
       shareholders) 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 7    To elect Jennifer Bingham     607,758,200    15,500         5,028,756      607,773,700   100% 
      as a Director (all 
      shareholders) 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 7    To elect Jennifer Bingham     336,366,587    15,500         5,028,756      336,382,087   100% 
      as a Director (independent 
      shareholders) 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 8    To re-elect Dame Anne         548,812,638    63,987,484     2,332          612,800,122   89.56% 
      Pringle as a Director (all 
      shareholders) 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 8    To re-elect Dame Anne         277,421,025    63,987,484     2,332          341,408,509   81.26% 
      Pringle as a Director 
      (independent shareholders) 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 9    To approve the Remuneration   463,675,046    106,606,941    42,520,468     570,281,987   81.31% 
      Report for the year ended 
      30 June 2018 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
      To re-appoint KPMG LLP as 
 10   auditors                      602,674,457    8,842,439      1,285,559      611,516,896   98.55% 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 11   To authorise the Audit and    610,119,825    2,675,940      6,691          612,795,765   99.56% 
      Risk Committee to agree the 
      remuneration of the 
      auditors 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 12   To authorise political        610,222,708    2,575,176      4,572          612,797,884   99.58% 
      donations and political 
      expenditure 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 13   To authorise the Directors    605,639,962    7,160,345      2,149          612,800,307   98.83% 
      to allot shares 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 14   To authorise the              612,768,062    28,322         6,072          612,796,384   100% 
      dis-application of 
      pre-emption rights up to 
      35,637,040 shares** 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 15   To authorise the              603,511,687    9,284,696      6,072          612,796,383   98.48% 
      dis-application of 
      pre-emption rights up to a 
      further 35,637,040 shares** 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 16   To authorise market           603,078,063    9,670,135      54,256         612,748,198   98.42% 
      purchases of shares** 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 17   To approve the renewal of     240,980,931    90,527,530     9,902,381      331,508,461   72.69% 
      the waiver of the 
      obligation under Rule 9 of 
      the Takeover Code *** 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 18   To reduce the notice period   604,341,087    8,459,037      2,332          612,800,124   98.62% 
      for general meetings other 
      than an Annual General 
      Meeting** 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 

* A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "for" or "against" a resolution.

   **             Indicates Special Resolutions requiring a 75% majority 
   ***            Mark Coombs has not voted on Resolution 17 as an interested party 

Ashmore Group PLC's Legal Entity Identifier (LEI) is 549300U3L59WB4YI2X12

In accordance with LR 9.6.2R, copies of resolutions concerning special business passed at the Annual General Meeting today, have been submitted to the Financial Conduct Authority's national storage mechanism. This document will shortly be available to view at www.morningstar.co.uk/uk/NSM

For further details, please contact:

John Taylor

Group Company Secretary

Ashmore Group plc

61 Aldwych

London WC2B 4AE

(T) [phone]

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October 19, 2018 12:08 ET (16:08 GMT)