We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Foxtons Group Plc | LSE:FOXT | London | Ordinary Share | GB00BCKFY513 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.90 | 3.61% | 54.60 | 54.10 | 54.90 | 54.60 | 52.80 | 52.80 | 151,745 | 12:40:24 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Agents & Mgrs | 140.9M | 9.13M | 0.0303 | 17.72 | 161.8M |
TIDMFOXT
RNS Number : 3525W
Foxtons Group PLC
22 April 2021
Foxtons Group plc
(the "Company")
22 April 2021
Annual General Meeting ("AGM") Results
The Company announces that at its Annual General Meeting held earlier today all the resolutions set out in the Notice of Annual General Meeting were passed by the requisite majority. Each of the resolutions put to the AGM was voted on by way of a poll. The results of the poll for each resolution were as follows:
Resolution For For Against Against Votes Withheld Total issued * indicates Special (No. of shares) (%) (No. of shares) (%) (No. of shares) share capital Resolution instructed 1. To receive the Annual Report and Accounts. 241,536,157 99.66 820,730 0.34 2,042,116 242,356,887 2. To approve the Annual Statement from the Remuneration Committee Chairman and the Annual Report on Remuneration. 141,561,432 60.63 91,918,950 39.37 10,918,621 233,480,382 3. To re-elect Ian Barlow as a Director. 236,033,634 97.17 6,881,739 2.83 1,483,630 242,915,373 4. To re-elect Nicholas Budden as a Director. 202,423,781 82.83 41,963,362 17.17 11,860 244,387,143 5. To re-elect Patrick Franco as a Director 242,096,143 99.66 819,230 0.34 1,483,630 242,915,373 6. To re-elect Alan Giles as a Director. 158,001,714 67.41 76,386,929 32.59 10,010,360 234,388,643 7. To re-elect Richard Harris as a Director 242,097,443 99.66 819,430 0.34 1,482,130 242,916,873 8. To re-elect Sheena Mackay as a Director. 238,190,280 98.05 4,726,593 1.95 1,482,130 242,916,873 9. To re-elect Rosie Shapland as a Director. 238,190,480 98.05 4,726,393 1.95 1,482,130 242,916,873 10. To re-appoint BDO LLP as auditors of the Company. 242,091,586 99.66 824,287 0.34 1,483,130 242,915,873 11. To authorise the Audit Committee to determine the remuneration of the Company's auditors. 242,096,721 99.66 819,652 0.34 1,482,630 242,916,373 12. To authorise the Company to make political donations. 238,867,970 98.33 4,058,763 1.67 1,472,270 242,926,733 13. To authorise the Directors to allot ordinary shares. 241,726,402 99.51 1,188,833 0.49 1,483,768 242,915,235 14. To authorise the disapplication of pre-emption rights.* 230,820,887 95.02 12,104,208 4.98 1,473,908 242,925,095 15. To authorise the additional disapplication of pre-emption rights.* 240,799,781 99.13 2,125,314 0.87 1,473,908 242,925,095 16. To authorise the Company to purchase its own ordinary shares.* 242,072,677 99.65 844,696 0.35 1,481,630 242,917,373 17. To authorise the Directors to hold general meetings on not less than 14 clear days' notice.* 241,333,983 99.35 1,583,190 0.65 1,481,830 242,917,173
*Special Resolution
The Board notes that a significant number of votes were cast against Resolution 2, an advisory vote on the implementation of the Company's 2020 Remuneration Policy, itself approved by 79% of shareholders at last year's AGM, and against Resolution 6, the reappointment of Alan Giles, the Chairman of the Remuneration Committee. It is clear that a significant proportion of shareholders did not agree with the decision to pay bonuses to Executives under the Bonus Banking Plan, on the basis that the company had benefited from Government support.
This is notwithstanding that discretion had been exercised to reduce bonuses that would otherwise have been earned against agreed performance conditions by 50%, a decision that was supported by the majority of voting shareholders. This resulted in a bonus for the CEO of GBP389,000, which was 33% lower than the previous year and 53% lower on a cash basis.
The new 2020 remuneration policy was designed to better align executives reward with shareholders' interests. However in light of the votes against Resolutions 2 and 6 the Remuneration Committee will review the remuneration policy and its implementation in consultation with shareholders to ensure executive remuneration drives long-term shareholder value and stakeholder interests. The Committee will provide an update on this in the coming months.
NOTES: 1. All resolutions were passed. 2. Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution. 3. Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution. 4. A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution nor in the calculation of the proportion of "Total issued share capital instructed" for any resolution. 5. The number of shares in issue at close of business on 20 April 2021 was 330,097,758 (the "Share Capital") and at that time, the Company held 4,833,745 shares in treasury. 6. The proportion of "Total issued share capital instructed" for any resolution is the total of votes validly cast for that resolution (i.e. the total votes "For" and "Against" that resolution). 7. The full text of the resolutions passed at the AGM can be found in the Notice of Annual General Meeting which is available on the Company's website at www.foxtonsgroup.co.uk. 8. A copy of resolutions 13 to 17 passed at the AGM will shortly be submitted to the National Storage Mechanism and will be available for inspection at https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national -storage-mechanism 9. The complete poll results will be available shortly on the Company's website at www.foxtonsgroup.co.uk For further information please contact: Foxtons Group plc Christopher Hough, Company Secretary +44 20 7893 6322 investor@foxtonsgroup.co.uk ----------------------------------------------------------------------------- Sanctuary Counsel +44 7557 413 275 / +44 7918 Robert Morgan / Rachel Miller 606 667 -----------------------------------------------------------------------------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
RAGITMJTMTATBRB
(END) Dow Jones Newswires
April 22, 2021 10:14 ET (14:14 GMT)
1 Year Foxtons Chart |
1 Month Foxtons Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions