Chesnara PLC Result of AGM (0174Z)

TIDMCSN

RNS Number : 0174Z

Chesnara PLC

18 May 2021

CHESNARA plc

("Chesnara" or "the Company")

18 May 2021

LEI Number: 213800VFRMBRTSZ3SJ06

RESULT OF THE CHESNARA PLC 2021 ANNUAL GENERAL MEETING

Chesnara plc announces that the resolutions proposed at its Annual General Meeting held on 18 May 2021 were passed by a show of hands. For information, the results of the AGM, which includes the total number of votes received for each resolution, are set out below. The Company's issued share capital on 18 May 2021 consisted of 150,077,806 ordinary 5p shares and the number of voting rights was also 150,077,806 ordinary 5p shares (as there were no treasury shares).

 
 No.   Resolution                                 No. of votes       %         Votes      %    Total No.         Votes 
                                       'for' & 'discretionary'            'against'*            of votes    'withheld' 
                                                                                                    cast 
       To receive and adopt the 
       report and accounts for 
       the year ended 31 December 
 1     2020                                         88,753,315   99.96        34,790   0.04   88,788,105       100,825 
      -----------------------------  -------------------------  ------  ------------  -----  -----------  ------------ 
 2     To approve the Directors'                    86,686,919   97.54     2,186,365   2.46   88,873,284        15,646 
       Remuneration Report 
      -----------------------------  -------------------------  ------  ------------  -----  -----------  ------------ 
 3     To declare a final dividend                  88,883,738   99.99         5,156   0.01   88,888,894            36 
       of 14.29p per ordinary 
       share 
      -----------------------------  -------------------------  ------  ------------  -----  -----------  ------------ 
       To re-elect Mr Deane as a 
 4     director                                     88,804,353   99.95        43,503   0.05   88,847,856        41,074 
      -----------------------------  -------------------------  ------  ------------  -----  -----------  ------------ 
       To re-elect Mr Rimmington as 
 5     a director                                   88,800,776   99.95        47,080   0.05   88,847,856        41,074 
      -----------------------------  -------------------------  ------  ------------  -----  -----------  ------------ 
       To re-elect Ms Dale as a 
 6     director                                     88,774,931   99.92        73,026   0.08   88,847,957        40,973 
      -----------------------------  -------------------------  ------  ------------  -----  -----------  ------------ 
       To re-elect Mr Savage as a 
 7     director                                     88,768,993   99.91        78,863   0.09   88,847,856        41,074 
      -----------------------------  -------------------------  ------  ------------  -----  -----------  ------------ 
       To re-elect Mrs Oak as a 
 8     director                                     87,748,778   98.76     1,099,179   1.24   88,847,957        40,973 
      -----------------------------  -------------------------  ------  ------------  -----  -----------  ------------ 
       To re-elect Mr Hesketh as a 
 9     director                                     88,768,712   99.91        78,344   0.09   88,847,056        41,874 
      -----------------------------  -------------------------  ------  ------------  -----  -----------  ------------ 
 10    To elect Mr Eamonn Flanagan                  88,803,846   99.95        47,080   0.05   88,850,926        38,004 
       as a director 
      -----------------------------  -------------------------  ------  ------------  -----  -----------  ------------ 
       To re-appoint Deloitte LLP 
 11    as auditor                                   88,804,173   99.91        76,238   0.09   88,880,411         8,519 
      -----------------------------  -------------------------  ------  ------------  -----  -----------  ------------ 
 12    To authorise the directors                   88,868,017   99.99        12,603   0.01   88,880,620         8,310 
       to determine the auditor's 
       remuneration 
      -----------------------------  -------------------------  ------  ------------  -----  -----------  ------------ 
 13    To provide limited authority                 87,310,678   98.24     1,568,251   1.76   88,878,929        10,001 
       to make political donations 
       and to incur political 
       expenditure 
      -----------------------------  -------------------------  ------  ------------  -----  -----------  ------------ 
 14    To authorise the directors                   87,423,438   98.35     1,462,484   1.65   88,885,922         3,008 
       to allot securities up 
       to a specified amount 
      -----------------------------  -------------------------  ------  ------------  -----  -----------  ------------ 
 15    Special resolution - to give                 87,409,220   98.34     1,478,405   1.66   88,887,625         1,305 
       the directors power 
       to allot securities for cash 
       without making an offer 
       to shareholders (rights 
       issue or open offer) 
      -----------------------------  -------------------------  ------  ------------  -----  -----------  ------------ 
 16    Special resolution - to give                 86,200,256   96.98     2,687,369   3.02   88,887,625         1,305 
       the directors power 
       to allot securities for cash 
       without making an offer 
       to shareholders (financing 
       or refinancing an 
       acquisition) 
      -----------------------------  -------------------------  ------  ------------  -----  -----------  ------------ 
 17    Special resolution - to give                 88,821,433   99.95        46,671   0.05   88,868,104        20,826 
       the Company limited 
       authority to purchase its 
       own shares 
      -----------------------------  -------------------------  ------  ------------  -----  -----------  ------------ 
 18.   Special resolution - to                      88,551,698   99.63       333,251   0.37   88,884,949         3,981 
       allow the Company to call 
       general meetings on not less 
       than 14 clear working 
       days' notice 
      -----------------------------  -------------------------  ------  ------------  -----  -----------  ------------ 
 

*Votes 'withheld' have not been included in the calculation of whether the resolution is carried. Percentages have been rounded to two decimal places.

The full text of the resolutions can be found in the Notice of the Meeting set out in the Financial Statements for the year ended 31 December 2020, copies of which are available on the Company's website, www.chesnara.co.uk . In accordance with Listing Rule 9.6.3, full details of the resolutions passed as special business will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

For further information, please contact:

Roddy Watt

Director, Capital Markets

FWD

Forward thinking communications

   T   -    020 7280 0651 
   E   -    [e-mail] 

Notes to Editors

Chesnara is a life and pensions company listed on the London Stock Exchange. It administers over one million policies and operates as Countrywide Assured in the UK, as The Waard Group and Scildon in the Netherlands, and as Movestic in Sweden.

Following a three pillar strategy, Chesnara's primary responsibility is the efficient administration of its customers' life and savings policies, ensuring good customer outcomes and providing a secure and compliant environment to protect policyholder interests. It also adds value by writing profitable new business in Sweden and the Netherlands and by undertaking value-adding acquisitions of either companies or portfolios.

Consistent delivery of the Company strategy has enabled Chesnara to increase its dividend for 16 years in succession.

Further details are available on the Company's website ( www.chesnara.co.uk ).

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May 18, 2021 10:30 ET (14:30 GMT)