Ashmore Group PLC Result of AGM (4383Q)

TIDMASHM

RNS Number : 4383Q

Ashmore Group PLC

18 October 2019

Ashmore Group plc (the "Company")

18 October 2019

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.

The Company has noted that whilst there was an increase in shareholder support for the Remuneration Report by comparison to the 2018 AGM, the vote of independent shareholders against the Chair of the Remuneration Committee was 21.87%. During the year, the Company undertook a programme of engagement with its shareholders and the proxy advisers in an effort to understand their views on remuneration and this led to the Company making enhancements to its disclosure. The feedback received by the Company on this disclosure has been positive and the Company will continue the dialogue with shareholders.

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

 
                                    FOR            AGAINST        ABSTAIN*       TOTAL VOTE 
                                    No. of Votes   No. of Votes   No. of Votes                 % age of total votes in 
 Resolution number:                                                                            favour 
                                   -------------  -------------  -------------  ------------ 
      To receive and adopt the 
      Report and Accounts for the 
 1    year ended 30 June 2018       603,245,647         0           303,837      603,245,647           100.00 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 2     To declare a final 
       dividend for the year 
       ended 30 June 2018 of 12.1 
       pence per Ordinary Share     603,549,404         80             0         603,549,484           100.00 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
      To re-elect Mark Coombs as 
 3    a Director                    600,130,661     3,418,243         500        603,548,904            99.43 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
      To re-elect Tom Shippey as 
 4    a Director                    590,849,545     12,699,359        500        603,548,904            97.90 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 5    To re-elect Clive Adamson 
      as a Director (all 
      shareholders)                 549,060,940     54,487,964        500        603,548,904            90.97 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 5    To re-elect Clive Adamson     282,621,680     54,487,964        500        337,109,644            83.84 
      as a Director (independent 
      shareholders) 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 6     To re-elect David Bennett    546,199,502     57,349,401        500        603,548,903            90.50 
       as a Director (all 
       shareholders) 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 6     To re-elect David Bennett    279,760,242     57,349,401        500        337,109,643            82.99 
       as a Director (independent 
       shareholders) 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 7    To elect Jennifer Bingham     544,843,654     58,705,250        500        603,548,904            90.27 
      as a Director (all 
      shareholders) 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 7    To elect Jennifer Bingham     278,404,394     58,705,250        500        337,109,644            82.59 
      as a Director (independent 
      shareholders) 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 8    To re-elect Dame Anne         526,407,445     72,757,283     4,384,675     599,164,728            87.86 
      Pringle as a Director (all 
      shareholders) 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 8    To re-elect Dame Anne         259,968,185     72,757,283     4,384,675     332,725,468            78.13 
      Pringle as a Director 
      (independent shareholders) 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 9    To approve the Remuneration 
      Report for the year ended 
      30 June 2018                  481,052,713     86,023,844     36,472,846    567,076,557            84.83 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
      To re-appoint KPMG LLP as 
 10   auditors                      591,036,420     12,511,011       2,052       603,547,431            97.93 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 11   To authorise the Audit and 
      Risk Committee to agree the 
      remuneration of the 
      auditors                      598,922,329     4,626,655         500        603,548,984            99.23 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 12   To authorise political 
      donations and political 
      expenditure                   600,928,214     2,617,344        3,846       603,545,558            99.57 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 13   To authorise the Directors 
      to allot shares               593,250,328     10,297,476       1,600       603,547,804            98.29 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 14   To authorise the 
      dis-application of 
      pre-emption rights up to 
      35,637,040 shares**           603,538,335       7,995          3,074       603,546,330           100.00 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 15   To authorise the 
      dis-application of 
      pre-emption rights up to a 
      further 35,637,040 shares**   595,201,029     8,345,300        3,074       603,546,329            98.62 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 16   To authorise market 
      purchases of shares**         601,280,869     2,033,546       235,068      603,314,415            99.66 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 17   To approve the renewal of 
      the waiver of the 
      obligation under Rule 9 of 
      the Takeover Code ***         319,826,995     17,281,548       1,601       337,108,543            94.87 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 18   To reduce the notice period 
      for general meetings other 
      than an Annual General 
      Meeting**                     591,172,632     12,376,772         0         603,549,404            97.95 
     ----------------------------  -------------  -------------  -------------  ------------  ------------------------ 
 

* 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 18, 2019 10:32 ET (14:32 GMT)