Caledonia Investments PLC Result of AGM (6014G)

TIDMCLDN

RNS Number : 6014G

Caledonia Investments PLC

24 July 2019

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 24 July 2019 were duly passed. Resolutions 8, 9, 10 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 2019            36,612,309   99.99   4,813       0.01    42,415     36,659,537 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To approve 
       the directors' 
       remuneration 
       report for 
       the year ended 
       31 March 2019 
       (other than 
       the directors' 
       remuneration 
 2     policy)                  36,576,161   99.93   26,842      0.07    56,534     36,659,537 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To approve 
       and declare 
       a final dividend 
       of 43.2p per 
 3     ordinary share           36,616,007   99.99   1,634       0.01    41,897     36,659,538 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To re-elect 
       Mr D C Stewart 
 4     a director               35,861,660   97.95   750,462     2.05    47,415     36,659,537 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To re-elect 
       Mr W P Wyatt 
 5     a director               36,547,523   99.81   68,925      0.19    43,090     36,659,538 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To re-elect 
       Mr J M B Cayzer-Colvin 
 6     a director               36,565,061   99.87   46,571      0.13    47,906     36,659,538 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To re-elect 
       The Hon C 
       W Cayzer a 
 7     director                 36,508,720   99.91   31,587      0.09    47,231     36,659,538 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To re-elect 
       Mr S J Bridges 
       a director 
 8     (all shareholders)       36,605,720   99.98   6,403       0.02    47,415     36,659,538 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To re-elect 
       Mr S J Bridges 
       a director 
       (independent 
 8     shareholders)            11,422,047   99.94   6,403       0.06    5,867      11,434,317 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To re-elect 
       Mr G B Davison 
       a director 
 9     (all shareholders)       36,610,820   99.99   1,303       0.01    47,415     36,659,538 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To re-elect 
       Mr G B Davison 
       a director 
       (independent 
 9     shareholders)            11,427,147   99.99   1,303       0.01    5,867      11,434,317 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To re-elect 
       Mrs S C R 
       Jemmett-Page 
       a director 
 10    (all shareholders)       36,610,720   99.99   1,403       0.01    47,415     36,659,538 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To re-elect 
       Mrs S C R 
       Jemmett-Page 
       a director 
       (independent 
 10    shareholders)            11,427,047   99.99   1,403       0.01    5,867      11,434,317 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To elect Mr 
       T J Livett 
 11    a director               36,566,967   99.88   45,156      0.12    47,415     36,659,538 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To elect Mrs 
       C L Fitzalan 
       Howard a director 
 12    (all shareholders)       36,607,308   99.98   9,015       0.02    43,215     36,659,538 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To elect Mrs 
       C L Fitzalan 
       Howard a director 
       (independent 
 12    shareholders)            11,418,635   99.92   9,015       0.08    6,667      11,434,317 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To re-appoint 
       KPMG LLP as 
 13    auditor                  36,587,878   99.95   16,935      0.05    54,724     36,659,537 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To authorise 
       the directors 
       to agree the 
       auditor's 
 14    remuneration             36,614,843   99.99   1,634       0.01    43,061     36,659,538 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To grant the 
       Company authority 
       to make market 
       purchases 
       of its own 
 15    shares                   36,004,723   99.32   615,529     1.68    39,285     36,659,537 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      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*           9,818,738    86.00   1,597,869   14.00   17,708     11,434,315 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To authorise 
       the allotment 
       of unissued 
 17    shares                   36,587,579   99.98   7,507       0.02    64,452     36,659,538 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To authorise 
       the allotment 
       of shares 
       on a non pre-emptive 
 18    basis                    36,562,548   99.93   25,488      0.07    71,502     36,659,538 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
      To authorise 
       the convening 
       of general 
       meetings (other 
       than annual 
       general meetings) 
       on not less 
       than 14 clear 
 19    days' notice             36,370,847   99.57   157,006     0.43    131,685    36,659,538 
     ------------------------  -----------  ------  ----------  ------  ---------  ------------- 
 

*As required by the City Code on Takeovers and Mergers, the Cayzer family concert party were not eligible to 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 9,812,518 in favour and 1,597,869 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.morningstar.co.uk/uk/NSM

Enquiries:

G P Denison,

Company Secretary

Tel: [phone]

24 July 2019

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 2019 annual general meeting available on Caledonia's website at www.caledonia.com.

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July 24, 2019 08:08 ET (12:08 GMT)