Caledonia Investments PLC Result of AGM (5214U)

TIDMCLDN

RNS Number : 5214U

Caledonia Investments PLC

29 July 2020

Caledonia Investments plc

Result of Annual General Meeting

Caledonia Investments plc (the "Company") held its annual general meeting ("AGM") on Wednesday 29 July 2020 at 11.30 am. As a result of the Covid-19 pandemic, the AGM was held as a closed meeting attended with the minimum necessary quorum. All valid proxy votes (whether submitted electronically or in hard copy form) were included in the poll taken at the meeting.

All resolutions were passed by shareholders. The full text of each resolution considered at the AGM is contained in the circular to shareholders incorporating the notice of the AGM, which is available on the Company's website at www.caledonia.com.

Resolutions 10, 11, 12 and 13 relating to the re-election of independent non-executive 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 Financial Conduct Authority's Listing Rules.

The results of the poll for each resolution is set out below.

 
 Resolution                  Votes For (including     Votes Against(1)      Total Votes Cast         Votes Withheld(2) 
                              discretionary)(1) 
                             Number         % of      Number       % of     Total number   % of      Number 
                              of shares      votes     of shares    votes    of votes       total     of shares 
                                                                             cast           voting 
                                                                                            rights 
                            -------------  --------  -----------  -------  -------------  --------  ------------------ 
      To receive 
       and adopt 
       the annual 
       report and 
       accounts for 
       the year ended 
 1     31 March 2020           34,866,599     99.43      199,620     0.57     35,066,219     63.33               3,401 
     ---------------------  -------------  --------  -----------  -------  -------------  --------  ------------------ 
      To approve 
       the directors' 
       remuneration 
       report for 
       the year ended 
       31 March 2020 
       (other than 
       the directors' 
       remuneration 
 2     policy)                 35,002,062     99.86       50,238     0.14     35,052,300     63.30              17,321 
     ---------------------  -------------  --------  -----------  -------  -------------  --------  ------------------ 
      To approve 
       the directors' 
       remuneration 
 3     policy                  34,981,912     99.81       67,692     0.19     35,049,604     63.30              20,016 
     ---------------------  -------------  --------  -----------  -------  -------------  --------  ------------------ 
      To approve 
       and declare 
       a final dividend 
       of 44.5p per 
 4     ordinary share          35,064,774    100.00        1,630     0.00     35,066,404     63.33               3,217 
     ---------------------  -------------  --------  -----------  -------  -------------  --------  ------------------ 
      To re-elect 
       Mr D C Stewart 
 5     as a director           34,206,929     97.81      765,360     2.19     34,972,289     63.16              97,331 
     ---------------------  -------------  --------  -----------  -------  -------------  --------  ------------------ 
      To re-elect 
       Mr W P Wyatt 
 6     as a director           35,025,247     99.89       37,567     0.11     35,062,814     63.32               6,807 
     ---------------------  -------------  --------  -----------  -------  -------------  --------  ------------------ 
      To re-elect 
       Mr T J Livett 
 7     as a director           35,043,468     99.95       17,716     0.05     35,061,184     63.32               8,437 
     ---------------------  -------------  --------  -----------  -------  -------------  --------  ------------------ 
      To re-elect 
      Mr J M B 
      Cayzer-Colvin 
 8    as a director            35,019,535     99.88       41,717     0.12     35,061,252     63.32               8,369 
     ---------------------  -------------  --------  -----------  -------  -------------  --------  ------------------ 
      To re-elect 
       The Hon C 
       W Cayzer as 
 9     a director              34,917,254     99.59      145,093    0.41%     35,062,347     63.32               7,274 
     ---------------------  -------------  --------  -----------  -------  -------------  --------  ------------------ 
      To re-elect 
       Mr S J Bridges 
       as a director 
 10    (all shareholders)      35,046,349     99.98        7,335    0.02%     35,053,684     63.30              15,937 
     ---------------------  -------------  --------  -----------  -------  -------------  --------  ------------------ 
      To re-elect 
       Mr S J Bridges 
       as a director 
       (independent 
 10    shareholders)           10,013,066     99.93        7,335     0.07     10,020,401     18.10              15,937 
     ---------------------  -------------  --------  -----------  -------  -------------  --------  ------------------ 
      To re-elect 
       Mr G B Davison 
       as a director 
 11    (all shareholders)      35,059,654     99.99        2,530     0.01     35,062,184     63.32               7,437 
     ---------------------  -------------  --------  -----------  -------  -------------  --------  ------------------ 
      To re-elect 
       Mr G B Davison 
       as a director 
       (independent 
 11    shareholders)           10,026,371     99.97        2,530     0.03     10,028,901     18.11               7,437 
     ---------------------  -------------  --------  -----------  -------  -------------  --------  ------------------ 
      To elect Mrs 
       C L Fitzalan 
       Howard as 
       a director 
 12    (all shareholders)      35,035,094     99.94       19,920     0.06     35,055,014     63.31              14,606 
     ---------------------  -------------  --------  -----------  -------  -------------  --------  ------------------ 
      To elect Mrs 
       C L Fitzalan 
       Howard as 
       a director 
       (independent 
 12    shareholders)           10,001,811     99.80       19,920     0.20     10,021,731     18.10              14,606 
     ---------------------  -------------  --------  -----------  -------  -------------  --------  ------------------ 
      To re-elect 
       Mrs S C R 
       Jemmett-Page 
       as a director 
 13    (all shareholders)      35,049,950      99.9        4,734     0.01     35,054,684     63.31              14,937 
     ---------------------  -------------  --------  -----------  -------  -------------  --------  ------------------ 
      To re-elect 
       Mrs S C R 
       Jemmett-Page 
       as a director 
       (independent 
 13    shareholders)           10,016,667     99.95        4,734     0.05     10,021,401     18.10              14,937 
     ---------------------  -------------  --------  -----------  -------  -------------  --------  ------------------ 
      To re-appoint 
       KPMG LLP as 
 14    auditor                 35,035,746     99.95       16,825     0.05     35,052,571     63.30              17,050 
     ---------------------  -------------  --------  -----------  -------  -------------  --------  ------------------ 
      To authorise 
       the directors 
       to agree the 
       auditor's 
 15    remuneration            35,061,777     99.99        2,251     0.01     35,064,028     63.32               5,593 
     ---------------------  -------------  --------  -----------  -------  -------------  --------  ------------------ 
      To grant the 
       Company authority 
       to make market 
       purchases 
       of its own 
 16    shares(3)               34,437,997     98.21      628,582     1.79     35,066,579     63.33               3,041 
     ---------------------  -------------  --------  -----------  -------  -------------  --------  ------------------ 
      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 
 17    Concert Party(4)         8,399,001     83.92    1,609,130    16.08     10,008,131     18.07              28,206 
     ---------------------  -------------  --------  -----------  -------  -------------  --------  ------------------ 
      To authorise 
       the allotment 
       of unissued 
 18    shares                  35,035,676     99.92       28,598     0.08     35,064,274     63.32               5,347 
     ---------------------  -------------  --------  -----------  -------  -------------  --------  ------------------ 
      To authorise 
      the allotment 
      of shares 
      on a non pre-emptive 
 19   basis(3)                 35,035,146     99.91       30,125     0.09     35,065,271     63.32               4,350 
     ---------------------  -------------  --------  -----------  -------  -------------  --------  ------------------ 
      To authorise 
       the convening 
       of general 
       meetings (other 
       than annual 
       general meetings) 
       on not less 
       than 14 clear 
 20    days' notice(3)         34,926,530     99.60      139,525     0.40     35,066,055     63.33               3,566 
     ---------------------  -------------  --------  -----------  -------  -------------  --------  ------------------ 
      To approve 
       the Caledonia 
       Investments 
       2020 Performance 
 21    Share Scheme            35,009,349     99.89                  0.11     35,048,660     63.29              20,960 
     ---------------------  -------------  --------  -----------  -------  -------------  --------  ------------------ 
 

(1) Votes "for" and "against" are expressed as a percentage of the total votes cast.

(2) A "withheld" vote is not a vote in law and is not counted in the calculation of the proportion of votes "for" or "against" a

resolution.

(3) Special resolution requiring a 75% majority.

(4) As required by the City Code on Takeovers and Mergers, the Cayzer family concert party were not eligible to vote on this

resolution.

The Company had 55,373,734 ordinary shares of 5p each with voting rights in issue as at 11.30 am on Monday 27 July 2020, being the deadline for receipt of validly completed proxy forms by the Company's registrar, and as at the date of the AGM. No ordinary shares were held in treasury.

In accordance with Listing Rule 9.6.2R, copies of the resolutions that did not constitute ordinary business at the AGM will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

Enquiries:

Richard Webster

Company Secretary

Tel: [phone]

29 July 2020

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