Chesnara PLC Result of AGM (8183L)

TIDMCSN

RNS Number : 8183L

Chesnara PLC

17 May 2022

 
 
   LEI Number: 213800VFRMBRTSZ3SJ06 
 

17 May 2022

CHESNARA plc

("Chesnara" or "the Company")

RESULT OF THE CHESNARA PLC 2022 ANNUAL GENERAL MEETING

Chesnara plc announces that the resolutions proposed at its Annual General Meeting held on 17 May 2022 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 17 May 2022 consisted of 150,157,451 ordinary 5p shares and the number of voting rights was also 150,157,451 ordinary 5p shares (as there were no treasury shares).

 
 No.   Resolution                                No. of votes       %         Votes      %         Total         Votes 
                                      'for' & 'discretionary'            'against'*               No. of    'withheld' 
                                                                                              votes cast 
       To receive and adopt the 
       report and accounts for 
       the year ended 31 December 
 1     2021                                        95,706,161   99.99         9,059   0.01    95,715,220        45,837 
      ----------------------------  -------------------------  ------  ------------  -----  ------------  ------------ 
 2     To approve the Directors'                   93,267,407   97.43     2,459,491   2.57    95,726,898        34,159 
       Remuneration Report 
      ----------------------------  -------------------------  ------  ------------  -----  ------------  ------------ 
 3     To declare a final dividend                 95,751,262   99.99         3,731   0.01    95,754,993         6,064 
       of 14.72p per ordinary 
       share 
      ----------------------------  -------------------------  ------  ------------  -----  ------------  ------------ 
       To elect Steve Murray as a 
 4     director                                    95,716,530   99.99         6,459   0.01    95,722,989        38,068 
      ----------------------------  -------------------------  ------  ------------  -----  ------------  ------------ 
       To elect Carol Hagh as a 
 5     director                                    95,706,467   99.98        16,522   0.02    95,722,989        38,068 
      ----------------------------  -------------------------  ------  ------------  -----  ------------  ------------ 
       To elect Karin Bergstein as 
 6     a director                                  95,707,702   99.98        15,287   0.02    95,722,989        38,068 
      ----------------------------  -------------------------  ------  ------------  -----  ------------  ------------ 
 7     To re-elect David                           95,705,170   99.98        17,819   0.02    95,722,989        38,068 
       Rimmington as a director 
      ----------------------------  -------------------------  ------  ------------  -----  ------------  ------------ 
       To re-elect Jane Dale as a 
 8     director                                    95,230,992   99.49       491,997   0.51    95,722,989        38,068 
      ----------------------------  -------------------------  ------  ------------  -----  ------------  ------------ 
       To re-elect Luke Savage as 
 9     a director                                  92,371,126   96.50     3,351,863   3.50    95,722,989        38,068 
      ----------------------------  -------------------------  ------  ------------  -----  ------------  ------------ 
       To re-elect Mark Hesketh as 
 10    a director                                  95,055,357   99.30       667,632   0.70    95,722,989        38,068 
      ----------------------------  -------------------------  ------  ------------  -----  ------------  ------------ 
 11    To re-elect Eamonn Flanagan                 94,676,826   98.91     1,046,163   1.09    95,722,989        38,068 
       as a director 
      ----------------------------  -------------------------  ------  ------------  -----  ------------  ------------ 
       To re-appoint Deloitte LLP 
 12    as auditor                                  95,701,658   99.96        38,589   0.04    95,740,247        20,810 
      ----------------------------  -------------------------  ------  ------------  -----  ------------  ------------ 
 13    To authorise the directors                  95,710,436   99.97        31,991   0.03    95,742,427        18,630 
       to determine the auditor's 
       remuneration 
      ----------------------------  -------------------------  ------  ------------  -----  ------------  ------------ 
 14    To provide limited                          94,182,354   98.37     1,564,775   1.63    95,747,129        13,928 
       authority to make political 
       donations 
       and to incur political 
       expenditure 
      ----------------------------  -------------------------  ------  ------------  -----  ------------  ------------ 
 15    To implement and operate a                  95,289,000   99.52       462,992   0.48    95,751,992         9,065 
       Savings Related Share 
       Option Scheme 
      ----------------------------  -------------------------  ------  ------------  -----  ------------  ------------ 
 16    To authorise the directors                  93,080,336   97.21     2,672,553   2.79    95,752,889         8,168 
       to allot equity securities 
       up to a specified amount 
      ----------------------------  -------------------------  ------  ------------  -----  ------------  ------------ 
 17    Special resolution - to                     94,562,055   98.76     1,190,834   1.24    95,752,889         8,168 
       give the directors power 
       to allot equity securities 
       for cash without making 
       an offer to shareholders 
       (rights issue or open 
       offer) 
      ----------------------------  -------------------------  ------  ------------  -----  ------------  ------------ 
 18.   Special resolution - to                     93,056,973   97.18     2,695,916   2.82    95,752,889         8,168 
       give the directors power 
       to allot equity securities 
       for cash without making 
       an offer to shareholders 
       (financing or refinancing 
       an acquisition) 
      ----------------------------  -------------------------  ------  ------------  -----  ------------  ------------ 
 19.   Special resolution - to                     95,707,674   99.96        38,963   0.04    95,746,637        14,420 
       give the Company limited 
       authority to purchase its 
       own shares 
      ----------------------------  -------------------------  ------  ------------  -----  ------------  ------------ 
 20.   Special resolution - to                     95,094,585   99.31       659,881   0.69    95,754,466         6,591 
       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 2021, 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 .

Investor Enquiries

Sam Perowne

Head of Strategic Development & Investor Relations

Chesnara plc

E - [e-mail]

Media Enquiries

Roddy Watt

Director, Capital Markets

FWD

T - 020 7280 0651 / 07714 770 493

E - [e-mail]

Notes to Editors

Chesnara is a European life and pensions consolidator listed on the London Stock Exchange. It administers approximately one million policies and operates as Countrywide Assured and Sanlam Life & Pensions 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 17 years in succession.

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

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May 17, 2022 08:51 ET (12:51 GMT)