Close Brothers Group PLC Result of AGM (5491H)

TIDMCBG

RNS Number : 5491H

Close Brothers Group PLC

15 November 2018

Close Brothers Group plc

Results of 2018 Annual General Meeting held on Thursday 15 November 2018.

All resolutions were passed by the requisite majority by a poll vote; resolutions 1 to 16 as ordinary resolutions and resolutions 17 to 21 as special resolutions.

The following votes were cast in respect of the AGM resolutions:

 
                                                                                                     % of 
                                                             Total                                 Issued 
                                Total Votes                  Votes               Total Votes        share        Votes 
         Ordinary Resolutions           For     % For      Against   % Against          Cast      capital     Withheld 
       To receive and adopt 
       the 2018 Annual 
       Report and Accounts 
       and the Auditor's 
 1.    Report                   119,065,339   100.00%          100       0.00%   119,065,439       78.79%      271,481 
      -----------------------  ------------  --------  -----------  ----------  ------------  -----------  ----------- 
       To approve the 
       Directors' 
       Remuneration 
       Report for the 
       financial year ended 
 2.    31 July 2018             117,624,646    98.58%    1,697,527       1.42%   119,322,173       78.96%       14,746 
      -----------------------  ------------  --------  -----------  ----------  ------------  -----------  ----------- 
       To authorise the 
       payment of a final 
       dividend on the 
       ordinary shares 
       of 42p per share for 
       the year ended 
 3.    31 July 2018             119,336,820   100.00%          100       0.00%   119,336,920       78.97%            0 
      -----------------------  ------------  --------  -----------  ----------  ------------  -----------  ----------- 
       To reappoint Mike 
 4.    Biggs as a director      117,602,509    98.55%    1,727,039       1.45%   119,329,548       78.96%        7,021 
      -----------------------  ------------  --------  -----------  ----------  ------------  -----------  ----------- 
       To reappoint Preben 
       Prebensen as 
 5.    a director               118,917,943    99.65%      415,160       0.35%   119,333,103       78.96%        3,467 
      -----------------------  ------------  --------  -----------  ----------  ------------  -----------  ----------- 
       To reappoint Elizabeth 
       Lee as a 
 6.    director                 118,912,546    99.65%      418,617       0.35%   119,331,163       78.96%        5,407 
      -----------------------  ------------  --------  -----------  ----------  ------------  -----------  ----------- 
       To reappoint Oliver 
       Corbett as a 
 7.    director                 118,863,076    99.61%      468,087       0.39%   119,331,163       78.96%        5,407 
      -----------------------  ------------  --------  -----------  ----------  ------------  -----------  ----------- 
       To reappoint Geoffrey 
       Howe as a 
 8.    director                 118,928,018    99.62%      448,735       0.38%   119,376,753       78.99%       15,774 
      -----------------------  ------------  --------  -----------  ----------  ------------  -----------  ----------- 
       To reappoint Lesley 
 9.    Jones as a director      118,867,799    99.62%      451,162       0.38%   119,318,961       78.95%       17,609 
      -----------------------  ------------  --------  -----------  ----------  ------------  -----------  ----------- 
       To reappoint Bridget 
       Macaskill as 
 10.   a director               118,754,524    99.52%      576,639       0.48%   119,331,163       78.96%        5,407 
      -----------------------  ------------  --------  -----------  ----------  ------------  -----------  ----------- 
       To appoint Mike Morgan 
 11.   as a director            118,907,628    99.65%      415,260       0.35%   119,322,888       78.96%       13,682 
      -----------------------  ------------  --------  -----------  ----------  ------------  -----------  ----------- 
       To reappoint 
       PricewaterhouseCoopers 
 12.   LLP as auditor           119,313,661    99.99%        6,029       0.01%   119,319,690       78.96%       16,880 
      -----------------------  ------------  --------  -----------  ----------  ------------  -----------  ----------- 
       To authorise the 
       directors to determine 
       the remuneration of 
 13.   the auditor              119,307,241    99.98%       27,601       0.02%   119,334,842       78.97%        2,078 
      -----------------------  ------------  --------  -----------  ----------  ------------  -----------  ----------- 
       To approve amendments 
       to the Close 
       Brothers Omnibus Share 
       Incentive 
 14.   Plan                     115,442,970    96.70%    3,936,289       3.30%   119,379,259       78.99%       13,617 
      -----------------------  ------------  --------  -----------  ----------  ------------  -----------  ----------- 
       To authorise the Board 
       to allot 
       shares and to grant 
       rights to subscribe 
       for or convert any 
       security into 
       shares (within 
 15.   prescribed limits)       114,100,643    95.62%    5,230,874       4.38%   119,331,517       78.96%        5,403 
      -----------------------  ------------  --------  -----------  ----------  ------------  -----------  ----------- 
 16.   To authorise the Board 
       to allot 
       shares and to grant 
       rights to subscribe 
       for or convert any 
       security into 
       shares in relation to 
       the issue 
       of AT1 Securities 
       (within prescribed 
       limits)                  118,478,433    99.29%      849,983       0.71%   119,328,416       78.96%        7,253 
      -----------------------  ------------  --------  -----------  ----------  ------------  -----------  ----------- 
       Special Resolutions 
      -----------------------  ------------  --------  -----------  ----------  ------------  -----------  ----------- 
       That, if resolution 15 
       is passed, 
       pre-emption rights are 
       disapplied 
       in relation to 
       allotments of equity 
       securities up to 5% of 
       issued share 
 17.   capital                  118,737,418    99.50%      595,059       0.50%   119,332,477       78.96%        4,093 
      -----------------------  ------------  --------  -----------  ----------  ------------  -----------  ----------- 
       That, if resolution 15 
       is passed, 
       pre-emption rights are 
       disapplied 
       in relation to 
       allotments of equity 
       securities up to a 
       further 5% of 
 18.   issued share capital     110,898,373    92.93%    8,431,633       7.07%   119,330,006       78.96%        6,563 
      -----------------------  ------------  --------  -----------  ----------  ------------  -----------  ----------- 
       That, if resolution 16 
       is passed, 
       pre-emption rights are 
       disapplied 
       in relation to 
       allotments of equity 
       securities arising 
       from the issue 
 19.   of any AT1 Securities    117,983,841    98.87%    1,347,365       1.13%   119,331,206       78.96%        5,363 
      -----------------------  ------------  --------  -----------  ----------  ------------  -----------  ----------- 
       That the Company be 
       generally and 
       unconditionally 
       authorised to make 
       market purchases of 
       its own shares 
       (within prescribed 
 20.   limits)                  118,557,587    99.37%      754,431       0.63%   119,312,018       78.95%       24,551 
      -----------------------  ------------  --------  -----------  ----------  ------------  -----------  ----------- 
       That a general meeting 
       except an 
       annual general meeting 
       may be called 
       on not less than 14 
       clear days' 
 21.   notice                   115,806,361    97.04%    3,529,747       2.96%   119,336,108       78.97%          812 
      -----------------------  ------------  --------  -----------  ----------  ------------  -----------  ----------- 
 

NOTES:

   1.   'Total Votes For' include votes recorded as at the discretion of the appointed proxy. 

2. The 'vote withheld' option was provided to enable shareholders to refrain from voting on any particular resolution. A vote withheld is not a vote in law and has not been counted in the calculation of the proportion of the vote 'For' and 'Against' a resolution.

3. For the purposes of the AGM the issued share capital of the Company was 151,123,475 ordinary shares (excluding 936,815 treasury shares).

4. The full text of the resolutions is detailed in the Notice of Meeting to be found on the Company website at

www.closebrothers.com/investor-relations/shareholder-information/annual-general-meeting

5. Following the AGM and as announced on 27 June 2018, Mike Morgan has succeeded Jonathan Howell as Group Finance Director.

John Hudspith

Deputy Company Secretary

Close Brothers Group plc

LEI code: 213800W73SYHR14I3X91

15 November 2018

020 7655 3100

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