Capital & Counties Properties Plc Result of AGM (2238N)

TIDMCAPC

RNS Number : 2238N

Capital & Counties Properties Plc

04 May 2018

4 May 2018

CAPITAL & COUNTIES PROPERTIES PLC (the "Company")

RESOLUTIONS PASSED AT 2018 ANNUAL GENERAL MEETING

The results of the voting by poll on the resolutions put to the Company's 2018 Annual General Meeting held on 4 May 2018 are as follows:

 
       Resolutions             For:          %       Against:       %         Total        % of     Withheld: 
                                                                              votes       issued 
                                                                              cast:        share 
                                                                                          capital 
-------------------------  ------------  --------  ------------  -------  ------------  ---------  ----------- 
 1. To receive 
  the accounts 
  and reports 
  of the Directors 
  and the Auditors 
  for the year 
  ended 31 December 
  2017                      601,957,154    99.93%       425,400    0.07%   602,382,554     70.94%      361,019 
-------------------------  ------------  --------  ------------  -------  ------------  ---------  ----------- 
 2. To declare 
  a final dividend 
  of 1 pence per 
  ordinary share            602,412,197   100.00%         3,351    0.00%   602,415,548     70.95%      328,025 
-------------------------  ------------  --------  ------------  -------  ------------  ---------  ----------- 
 3. To re-elect 
  Ian Durant as 
  a Director                558,776,396    93.65%    37,896,493    6.35%   596,672,889     70.27%    6,070,682 
-------------------------  ------------  --------  ------------  -------  ------------  ---------  ----------- 
 4. To re-elect 
  Ian Hawksworth 
  as a Director             593,662,950    98.55%     8,748,231    1.45%   602,411,181     70.95%      332,392 
-------------------------  ------------  --------  ------------  -------  ------------  ---------  ----------- 
 5. To re-elect 
  Situl Jobanputra 
  as a Director             601,269,759    99.81%     1,133,070    0.19%   602,402,829     70.95%      340,744 
-------------------------  ------------  --------  ------------  -------  ------------  ---------  ----------- 
 6. To re-elect 
  Gary Yardley 
  as a Director             601,728,584    99.89%       682,597    0.11%   602,411,181     70.95%      332,392 
-------------------------  ------------  --------  ------------  -------  ------------  ---------  ----------- 
 7. To elect 
  Charlotte Boyle 
  as a Director             601,978,115    99.93%       412,777    0.07%   602,390,892     70.94%      352,681 
-------------------------  ------------  --------  ------------  -------  ------------  ---------  ----------- 
 8. To re-elect 
  Graeme Gordon 
  as a Director             601,683,154    99.88%       707,738    0.12%   602,390,892     70.94%      352,681 
-------------------------  ------------  --------  ------------  -------  ------------  ---------  ----------- 
 9. To re-elect 
  Gerry Murphy 
  as a Director             600,900,958    99.75%     1,489,934    0.25%   602,390,892     70.94%      352,681 
-------------------------  ------------  --------  ------------  -------  ------------  ---------  ----------- 
 10. To re-elect 
  Henry Staunton 
  as a Director             594,645,139    99.34%     3,943,640    0.66%   598,588,779     70.50%    4,154,793 
-------------------------  ------------  --------  ------------  -------  ------------  ---------  ----------- 
 11. To re-elect 
  Andrew Strang 
  as a Director             601,522,910    99.86%       867,982    0.14%   602,390,892     70.94%      352,681 
-------------------------  ------------  --------  ------------  -------  ------------  ---------  ----------- 
 12. To re-elect 
  Anthony Steains 
  as a Director             601,493,868    99.85%       897,000    0.15%   602,390,868     70.94%      352,705 
-------------------------  ------------  --------  ------------  -------  ------------  ---------  ----------- 
 13. To re-appoint 
  PricewaterhouseCoopers 
  LLP as Auditors           598,188,739    99.93%       404,464    0.07%   598,593,203     70.50%    4,150,369 
-------------------------  ------------  --------  ------------  -------  ------------  ---------  ----------- 
 14. To authorise 
  the Directors 
  to determine 
  the Auditors' 
  remuneration              602,363,558    99.99%        30,482    0.01%   602,394,040     70.94%      349,033 
-------------------------  ------------  --------  ------------  -------  ------------  ---------  ----------- 
 15. To approve 
  the Directors' 
  Remuneration 
  Report for the 
  year ended 31 
  December 2017 
  (other than 
  the Remuneration 
  Policy)                   577,067,034    97.48%    14,891,662    2.52%   591,958,696     69.72%   10,784,876 
-------------------------  ------------  --------  ------------  -------  ------------  ---------  ----------- 
 16. To authorise 
  the Directors 
  to allot the 
  unissued share 
  capital up to 
  a specified 
  amount (s.551) 
  (Companies Act 
  2006)                     390,609,850    68.23%   181,838,961   31.77%   572,448,811     67.42%   30,294,262 
-------------------------  ------------  --------  ------------  -------  ------------  ---------  ----------- 
 17. Special 
  Resolution: 
  To disapply 
  pre-emption 
  provisions of 
  s.561(1) of 
  the Companies 
  Act up to a 
  specified amount          528,735,346    88.42%    69,252,439   11.58%   597,987,785     70.43%    4,755,788 
-------------------------  ------------  --------  ------------  -------  ------------  ---------  ----------- 
 18. Special 
  Resolution: 
  To authorise 
  the Company 
  to purchase 
  its own shares            549,088,326    95.64%    25,004,477    4.36%   574,092,803     67.61%   28,650,269 
-------------------------  ------------  --------  ------------  -------  ------------  ---------  ----------- 
 19. Special 
  Resolution: 
  To allow General 
  Meetings (other 
  than AGMs) to 
  be held on 14 
  clear days' 
  notice                    560,788,500    93.09%    41,595,493    6.91%   602,383,993     70.94%      359,580 
-------------------------  ------------  --------  ------------  -------  ------------  ---------  ----------- 
 

Notes:

1. Any proxy appointments which gave discretion to the Chairman have been included in the 'for' total.

2. A 'vote withheld' is not a vote in law and is not counted in the calculation of the proportion of the votes for or against a resolution.

3. Total voting rights of shares in issue: 849,103,915. Every shareholder has one vote for every ordinary share held.

The Board notes that although resolution 16 was passed with the requisite majority, 31.77% of votes received were against the resolution. This voting outcome reflects differing market practice between the UK and South Africa. As a UK premium listed company, the Board considers it appropriate to seek authorities in line with the Investment Association's Share Capital Management Guidelines, to allow the Company to respond to market developments and to enable allotments to take place to finance business opportunities as they arise. However, market practice for South African institutional shareholders is to vote on proposed allotments of shares on a case by case basis.

In accordance with paragraph 9.6.2 of the Listing Rules, copies of the resolutions passed at the meeting, other than resolutions concerning ordinary business, have been submitted to the National Storage Mechanism and will shortly be available for inspection at: http://www.morningstar.co.uk/uk/NSM

Enquiries:

Ruth Pavey

Company Secretary

Telephone [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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May 04, 2018 10:21 ET (14:21 GMT)