Caledonia Investments PLC Result of AGM (1948V)

TIDMCLDN

RNS Number : 1948V

Caledonia Investments PLC

19 July 2018

Caledonia Investments plc: Result of Annual General Meeting

Caledonia Investments plc (the "Company") is pleased to announce that all of the resolutions proposed at its annual general meeting held on 19 July 2018 were duly passed. Resolutions 9, 10, 11 and 12 relating to the election and re-election of independent directors, were passed by separate majorities of all shareholders and of those shareholders who are independent of the Cayzer family concert party, the members of which are regarded as controlling shareholders for the purposes of the Listing Rules.

The following table indicates the number of valid proxy votes lodged in advance of the meeting for each of the resolutions. It should be noted that votes withheld do not constitute votes in law and therefore are not counted in the number of votes for or against any resolution.

 
 Resolution                     In favour            Against             Withheld   Total lodged 
 No                             No.          %       No.         %       No.        No. 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To receive 
       and adopt 
       the annual 
       report and 
       accounts for 
       the year ended 
 1     31 March 2018            35,926,994   99.99   4,584       0.01    0          35,931,578 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To approve 
       the directors' 
       remuneration 
       report for 
       the year ended 
       31 March 2018 
       (other than 
       the directors' 
       remuneration 
 2     policy)                  35,636,411   99.51   175,610     0.49    119,554    35,931,575 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To approve 
       and declare 
       a final dividend 
       of 41.5p per 
 3     ordinary share           35,930,585   99.99   994         0.01    0          35,931,579 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To re-elect 
       Mr D C Stewart 
 4     a director               34,999,022   97.84   771,830     2.16    160,726    35,931,578 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To re-elect 
       Mr W P Wyatt 
 5     a director               35,883,939   99.88   44,227      0.12    3,413      35,931,579 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To re-elect 
       Mr S A King 
 6     a director               35,852,951   99.79   74,985      0.21    3,643      35,931,579 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To re-elect 
       Mr J M B Cayzer-Colvin 
 7     a director               35,224,518   98.04   705,140     1.96    1,920      35,931,578 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To re-elect 
       The Hon C 
       W Cayzer a 
 8     director                 35,569,108   98.99   361,226     1.01    1,245      35,931,579 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To re-elect 
       Mr S J Bridges 
       a director 
 9     (all shareholders)       35,887,591   99.90   35,252      0.10    8,736      35,931,579 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To re-elect 
       Mr S J Bridges 
       a director 
       (independent 
 9     shareholders)            10,381,211   99.66   35,252      0.34    8,506      10,424,969 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To re-elect 
       Mr C H Gregson 
       a director 
 10    (all shareholders)       35,913,082   99.96   15,529      0.04    2,968      35,931,579 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To re-elect 
       Mr C H Gregson 
       a director 
       (independent 
 10    shareholders)            10,406,702   99.85   15,529      0.15    2,738      10,424,969 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To re-elect 
       Mrs S C R 
       Jemmett-Page 
       a director 
 11    (all shareholders)       35,915,864   99.96   12,747      0.04    2,968      35,931,579 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To re-elect 
       Mrs S C R 
       Jemmett-Page 
       a director 
       (independent 
 11    shareholders)            10,409,484   99.88   12,747      0.12    2,738      10,424,969 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To elect Mr 
       G B Davison 
       a director 
 12    (all shareholders)       35,927,617   99.99   994         0.01    2,968      35,931,579 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To elect Mr 
       G B Davison 
       a director 
       (independent 
 12    shareholders)            10,421,237   99.99   994         0.01    2,738      10,424,969 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To re-appoint 
       KPMG LLP as 
 13    auditor                  35,781,021   99.63   131,578     0.37    18,979     35,931,578 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To authorise 
       the directors 
       to agree the 
       auditor's 
 14    remuneration             35,844,046   99.76   85,810      0.24    1,723      35,931,579 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To grant the 
       Company authority 
       to make market 
       purchases 
       of its own 
 15    shares                   35,920,775   99.97   10,369      0.03    435        35,931,579 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To approve 
       the waiver 
       of the mandatory 
       offer provisions 
       set out in 
       Rule 9 of 
       the City Code 
       on Takeovers 
       and Mergers 
       in relation 
       to the Cayzer 
 16    Concert Party*           8,605,797    82.81   1,786,202   17.19   32,969     10,424,968 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To authorise 
       the allotment 
       of unissued 
 17    shares                   35,839,290   99.98   6,688       0.02    85,601     35,931,579 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To authorise 
       the allotment 
       of shares 
       on a non pre-emptive 
 18    basis                    35,791,690   99.87   48,341      0.13    91,548     35,931,579 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To authorise 
       the convening 
       of general 
       meetings (other 
       than annual 
       general meetings) 
       on not less 
       than 14 clear 
 19    days' notice             35,744,621   99.48   186,523     0.52    435        35,931,579 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
 

*As required by the City Code on Takeovers and Mergers, the Cayzer family concert party did not vote on this resolution.

Each of the resolutions was voted on by way of a show of hands, other than resolution 16 which was voted on by way of a poll. The numbers of votes cast at the meeting on resolution 16 were 8,604,531 in favour and 1,787,363 against.

At the date of the annual general meeting there were 55,373,734 ordinary shares with voting rights in issue. No shares are held in treasury.

In accordance with Listing Rule 9.6.2R, copies of resolutions 15 to 19, being the resolutions passed as special business at the annual general meeting, have been submitted to the National Storage Mechanism and will shortly be available at: www.Hemscott.com/nsm.do.

Enquiries:

G P Denison,

Company Secretary

Tel: [phone]

19 July 2018

END

All of the resolutions proposed at the annual general meeting are also set out in the circular to shareholders incorporating the notice of the 2018 annual general meeting available on Caledonia's website at www.caledonia.com.

Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.

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END

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July 19, 2018 07:52 ET (11:52 GMT)