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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
British American Tobacco Plc | LSE:0A76 | London | Ordinary Share | BRITISH AMERICAN TOBACCO ADR REPRESENTIN |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 185 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMBATS
RNS Number : 9595W
British American Tobacco PLC
28 April 2021
BRITISH AMERICAN TOBACCO p.l.c.
RESULTS OF VOTING AT THE 2021 ANNUAL GENERAL MEETING
The Annual General Meeting of British American Tobacco p.l.c. was held at Globe House, 4 Temple Place, London WC2R 2PG on 28 April 2021.
The tables below set out the results of the poll on each of the total of 20 Resolutions as stated in the Notice of Meeting dated 11 March 2021. All valid proxy votes (whether submitted electronically or in hard copy form) were included in the poll taken at the Meeting. Each shareholder, present in person or by proxy, was entitled to one vote per ordinary share of 25p held.
Resolution 1 Receipt of 2020 Report and Accounts --------------------------------------------- -------------- For - Note (b) 1,771,121,006 Percent of Votes Cast 99.96% Percent of Issued Share Capital 77.19% ----------------------------------------- ------------------ Against 790,162 Percent of Votes Cast 0.04% Percent of Issued Share Capital 0.03% ----------------------------------------- ------------------ Total Votes Cast (Excl. Votes Withheld) 1,771,911,168 Percent of Issued Share Capital 77.22% ----------------------------------------- ------------------ Votes Withheld - Note (c) 12,372,550 ----------------------------------------- ------------------ Resolution 2 Approval of the 2020 Directors' Remuneration Report ---------------------------------------------- -------------- For - Note (b) 1,091,216,857 Percent of Votes Cast 61.71% Percent of Issued Share Capital 47.56% --------------------------------------------- ----------------- Against 676,947,189 Percent of Votes Cast 38.29% Percent of Issued Share Capital 29.50% --------------------------------------------- ----------------- Total Votes Cast (Excl. Votes Withheld) 1,768,164,046 Percent of Issued Share Capital 77.06% --------------------------------------------- ----------------- Votes Withheld - Note (c) 16,119,810 --------------------------------------------- ----------------- Resolution 3 Reappointment of KPMG LLP as Auditors ------------------------------------------ --------------- For - Note (b) 1,765,833,873 Percent of Votes Cast 99.52% Percent of Issued Share Capital 76.96% ----------------------------------------- ---------------- Against 8,454,366 Percent of Votes Cast 0.48% Percent of Issued Share Capital 0.37% ----------------------------------------- ---------------- Total Votes Cast (Excl. Votes Withheld) 1,774,288,239 Percent of Issued Share Capital 77.32% ----------------------------------------- ---------------- Votes Withheld - Note (c) 9,995,609 ----------------------------------------- ---------------- Resolution 4 Authority for the Audit Committee to agree the Auditors' remuneration ---------------------------------------------- --------------- For - Note (b) 1,772,210,604 Percent of Votes Cast 99.89% Percent of Issued Share Capital 77.23% ------------------------------------------ ------------------- Against 1,990,507 Percent of Votes Cast 0.11% Percent of Issued Share Capital 0.09% ------------------------------------------ ------------------- Total Votes Cast (Excl. Votes Withheld) 1,774,201,111 Percent of Issued Share Capital 77.32% ------------------------------------------ ------------------- Votes Withheld - Note (c) 10,081,517 ------------------------------------------ ------------------- Resolution 5 Re-election of Luc Jobin as a Director --------------------------------------------------------------- For - Note (b) 1,753,156,894 Percent of Votes Cast 98.82% Percent of Issued Share Capital 76.40% ------------------------------------------ ------------------- Against 20,921,641 Percent of Votes Cast 1.18% Percent of Issued Share Capital 0.91% ------------------------------------------ ------------------- Total Votes Cast (Excl. Votes Withheld) 1,774,078,535 Percent of Issued Share Capital 77.31% ------------------------------------------ ------------------- Votes Withheld - Note (c) 10,206,018 ------------------------------------------ ------------------- Resolution 6 Re-election of Jack Bowles as a Director ------------------------------------------ --------------- For - Note (b) 1,772,155,172 Percent of Votes Cast 99.90% Percent of Issued Share Capital 77.23% ----------------------------------------- ---------------- Against 1,809,688 Percent of Votes Cast 0.10% Percent of Issued Share Capital 0.08% ----------------------------------------- ---------------- Total Votes Cast (Excl. Votes Withheld) 1,773,964,860 Percent of Issued Share Capital 77.31% ----------------------------------------- ---------------- Votes Withheld - Note (c) 10,319,693 ----------------------------------------- ---------------- Resolution 7 Re-election of Tadeu Marroco as a Director -------------------------------------------- --------------- For - Note (b) 1,768,905,553 Percent of Votes Cast 99.72% Percent of Issued Share Capital 77.09% ------------------------------------------- ---------------- Against 5,054,691 Percent of Votes Cast 0.28% Percent of Issued Share Capital 0.22% ------------------------------------------- ---------------- Total Votes Cast (Excl. Votes Withheld) 1,773,960,244 Percent of Issued Share Capital 77.31% ------------------------------------------- ---------------- Votes Withheld - Note (c) 10,324,309 ------------------------------------------- ---------------- Resolution 8 Re-election of Sue Farr as a Director -------------------------------------------- ------------------ For - Note (b) 1,604,506,408 Percent of Votes Cast 90.44% Percent of Issued Share Capital 69.92% ------------------------------------------------ -------------- Against 169,518,777 Percent of Votes Cast 9.56% Percent of Issued Share Capital 7.39% ------------------------------------------------ -------------- Total Votes Cast (Excl. Votes Withheld) 1,774,025,185 Percent of Issued Share Capital 77.31% ------------------------------------------------ -------------- Votes Withheld - Note (c) 10,259,367 ------------------------------------------------ -------------- Resolution 9 Re-election of Jeremy Fowden as a Director ------------------------------------------------ -------------- WITHDRAWN ------------------------------------------------ -------------- Resolution 10 Re-election of Dr Marion Helmes as a Director ----------------------------------------- ---------------- For - Note (b) 1,594,071,765 Percent of Votes Cast 89.86% Percent of Issued Share Capital 69.47% ----------------------------------------- ---------------- Against 179,783,976 Percent of Votes Cast 10.14% Percent of Issued Share Capital 7.84% ----------------------------------------- ---------------- Total Votes Cast (Excl. Votes Withheld) 1,773,855,741 Percent of Issued Share Capital 77.31% ----------------------------------------- ---------------- Votes Withheld - Note (c) 10,428,490 ----------------------------------------- ---------------- Resolution 11 Re-election of Holly Keller Koeppel as a Director --------------------------------------------- ------------- For - Note (b) 1,762,331,148 Percent of Votes Cast 99.34% Percent of Issued Share Capital 76.80% ----------------------------------------- ----------------- Against 11,716,886
Percent of Votes Cast 0.66% Percent of Issued Share Capital 0.51% ----------------------------------------- ----------------- Total Votes Cast (Excl. Votes Withheld) 1,774,048,034 Percent of Issued Share Capital 77.31% ----------------------------------------- ----------------- Votes Withheld - Note (c) 10,236,519 ----------------------------------------- ----------------- Resolution 12 Re-election of Savio Kwan as a Director --------------------------------------------- ------------- For - Note (b) 1,603,190,858 Percent of Votes Cast 90.37% Percent of Issued Share Capital 69.87% ----------------------------------------- ----------------- Against 170,885,651 Percent of Votes Cast 9.63% Percent of Issued Share Capital 7.45% ----------------------------------------- ----------------- Total Votes Cast (Excl. Votes Withheld) 1,774,076,509 Percent of Issued Share Capital 77.31% ----------------------------------------- ----------------- Votes Withheld - Note (c) 10,208,044 ----------------------------------------- ----------------- Resolution 13 Re-election of Dimitri Panayotopoulos as a Director ---------------------------------------------- ------------ For - Note (b) 1,521,096,084 Percent of Votes Cast 86.11% Percent of Issued Share Capital 66.29% ----------------------------------------- ----------------- Against 245,448,741 Percent of Votes Cast 13.89% Percent of Issued Share Capital 10.70% ----------------------------------------- ----------------- Total Votes Cast (Excl. Votes Withheld) 1,766,544,825 Percent of Issued Share Capital 76.99% ----------------------------------------- ----------------- Votes Withheld - Note (c) 17,739,728 ----------------------------------------- ----------------- Resolution 14 Election of Karen Guerra as a Director --------------------------------------------- ------------ For - Note (b) 1,772,384,681 Percent of Votes Cast 99.91% Percent of Issued Share Capital 77.24% ----------------------------------------- ------------------- Against 1,645,140 Percent of Votes Cast 0.09% Percent of Issued Share Capital 0.07% ----------------------------------------- ------------------- Total Votes Cast (Excl. Votes Withheld) 1,774,029,821 Percent of Issued Share Capital 77.31% ----------------------------------------- ------------------- Votes Withheld - Note (c) 10,254,732 ----------------------------------------- ------------------- Resolution 15 Election of Darrell Thomas as a Director --------------------------------------------- ------------- For - Note (b) 1,772,481,017 Percent of Votes Cast 99.91% Percent of Issued Share Capital 77.25% ----------------------------------------- ----------------- Against 1,554,236 Percent of Votes Cast 0.09% Percent of Issued Share Capital 0.07% ----------------------------------------- ----------------- Total Votes Cast (Excl. Votes Withheld) 1,774,035,253 Percent of Issued Share Capital 77.31% ----------------------------------------- ----------------- Votes Withheld - Note (c) 10,249,300 ----------------------------------------- ----------------- Resolution 16 Renewal of Directors' authority to allot shares --------------------------------------------- ------------- For - Note (b) 1,283,014,878 Percent of Votes Cast 72.33% Percent of Issued Share Capital 55.91% ----------------------------------------- ----------------- Against 490,886,767 Percent of Votes Cast 27.67% Percent of Issued Share Capital 10.62% ----------------------------------------- ----------------- Total Votes Cast (Excl. Votes Withheld) 1,773,901,645 Percent of Issued Share Capital 77.31% ----------------------------------------- ----------------- Votes Withheld - Note (c) 10,373,062 ----------------------------------------- ----------------- Resolution 17 - Note (d) Renewal of Directors' authority to disapply pre-emption rights --------------------------------------------- ------------- For - Note (b) 1,529,422,273 Percent of Votes Cast 86.26% Percent of Issued Share Capital 66.65% ------------------------------------------- --------------- Against 243,578,572 Percent of Votes Cast 13.74% Percent of Issued Share Capital 10.62% ------------------------------------------- --------------- Total Votes Cast (Excl. Votes Withheld) 1,773,000,845 Percent of Issued Share Capital 77.27% ------------------------------------------- --------------- Votes Withheld - Note (c) 11,284,208 ------------------------------------------- --------------- Resolution 18 - Note (d) Authority for the Company to purchase its own shares --------------------------------------------- ------------- For - Note (b) 1,747,664,170 Percent of Votes Cast 98.53% Percent of Issued Share Capital 76.16% -------------------------------------------- -------------- Against 25,986,558 Percent of Votes Cast 1.47% Percent of Issued Share Capital 1.13% -------------------------------------------- -------------- Total Votes Cast (Excl. Votes Withheld) 1,773,650,728 Percent of Issued Share Capital 77.30% -------------------------------------------- -------------- Votes Withheld - Note (c) 10,634,378 -------------------------------------------- -------------- Resolution 19 Authority to make donations to political organisations and to incur political expenditure ----------------------------------------------------------- For - Note (b) 1,580,312,339 Percent of Votes Cast 89.20% Percent of Issued Share Capital 68.87% ----------------------------------------- ---------------- Against 191,369,221 Percent of Votes Cast 10.80% Percent of Issued Share Capital 8.34% ----------------------------------------- ---------------- Total Votes Cast (Excl. Votes Withheld) 1,771,681,560 Percent of Issued Share Capital 77.21% ----------------------------------------- ---------------- Votes Withheld - Note (c) 12,569,298 ----------------------------------------- ---------------- Resolution 20 - Note (d) Notice period for General Meetings ------------------------------------------ --------------- For - Note (b) 1,639,617,570 Percent of Votes Cast 92.47% Percent of Issued Share Capital 71.45% ----------------------------------------- ---------------- Against 133,582,951 Percent of Votes Cast 7.53% Percent of Issued Share Capital 5.82% ----------------------------------------- ---------------- Total Votes Cast (Excl. Votes Withheld) 1,773,200,521 Percent of Issued Share Capital 77.28% ----------------------------------------- ---------------- Votes Withheld - Note (c) 11,084,585 ----------------------------------------- ----------------
Richard Burrows, Chairman of the Board of the Company, retired from the Board at the conclusion of the Company's 2021 Annual General Meeting. Mr Burrows' retirement from the Board follows the Company's announcement on 15 October 2020, as further set out in the Company's 2020 Annual Report and Form 20-F. In addition, with effect from the conclusion of the 2021 Annual General Meeting, Luc Jobin was appointed Chairman of the Board and Chairman of the Nominations Committee, and stepped down from the Audit Committee.
As announced on 1 April 2021, Jerry Fowden resigned from the Board with effect from 1 April 2021. Accordingly, he did not seek re-election at the 2021 Annual General Meeting and Resolution 9 was withdrawn.
Notes:
(a) The total number of ordinary shares in issue (excluding treasury shares) at the close of business on Wednesday 27 April 2021 was 2,294,616,257.
(b) Includes discretionary votes.
(c) 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.
(d) In accordance with Listing Rules 9.6.2R and 9.6.3R, copies of the resolutions numbered 17, 18 and 20 will be submitted to the National Storage Mechanism as soon as practicable and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. A copy of the resolutions may also be obtained from the Notice of Meeting which is available on the Company's website at www.bat.com/agm .
All resolutions were passed at the Company's Annual General Meeting (AGM) today with the requisite majority of votes. We acknowledge that a significant number of our shareholders did not support resolutions 2: Directors' Remuneration Report and 16: Authority to Allot Shares.
Resolution 2 - Directors' Remuneration Report
Over the last year, we have engaged with shareholders about executive remuneration. The engagement has been open and constructive and the Remuneration Committee has given careful consideration to shareholder feedback, which helped to shape the Committee's decisions and resulted in changes being adopted to proposals on executive remuneration for 2021. Our executive remuneration arrangements are fully aligned with our Directors' Remuneration Policy which was approved by a significant majority of our shareholders at our 2019 AGM.
We place great value on direct engagement with and feedback from our shareholders. We will continue our active dialogue with shareholders, particularly those who decided to vote against this resolution, and intend to further consult with shareholders during 2021.
Resolution 16 - Authority to allot shares
As we have previously reported, the authority sought by the Company is in accordance with the UK Investment Association's share capital management guidelines and prevailing voting guidelines of leading corporate governance agencies applicable to UK listed companies.
Whilst it remains standard market practice for many UK FTSE listed companies to retain this type of authority, we understand that some institutional investors, particularly outside the UK, have specific policies against supporting this type of resolution. Following the outcome of today's vote, we will continue our ongoing dialogue with shareholders that do not support this authority and will keep best practice in this area under review.
P McCrory
Secretary
British American Tobacco p.l.c.
28 April 2021
Enquiries:
Investor Relations British American Tobacco Investor Relations
Mike Nightingale / Victoria Buxton / William Houston / John Harney
+44 20 7845 1180 / 2012 / 1138 / 1263
British American Tobacco Press Office
+44 (0) 20 7845 2888 (24 hours) | @BATplc
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April 28, 2021 11:50 ET (15:50 GMT)
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