Johnston Press PLC Results of 2017 Annual General Meeting (8823F)

TIDMJPR

RNS Number : 8823F

Johnston Press PLC

22 May 2017

22 May 2017

Johnston Press plc

RESULTS OF 2017 ANNUAL GENERAL MEETING

The Company's Annual General Meeting was held today at the offices of Ashurst LLP, Broadwalk House, 5 Appold Street, London EC2A 2HA. All of the resolutions were passed on a poll. The table below shows the results of the poll vote for each resolution:

 
 Resolution            VOTES        %        VOTES        %       VOTES        % of     VOTES 
                        FOR                   AGAINST              TOTAL        ISC      WITHHELD 
                        *                                                       VOTED 
                                                                                ** 
--------------------  -----------  -------  -----------  ------  -----------  -------  ---------- 
 1 
  To receive 
  the annual 
  accounts 
  of the Company 
  and the 
  reports 
  of the directors 
  for the 
  financial 
  period ended 
  31 December 
  2016, together 
  with the 
  reports 
  of the auditors 
  thereon              71,804,518   100.00   623          0.00    71,805,141   67.12%   1,401 
--------------------  -----------  -------  -----------  ------  -----------  -------  ---------- 
 2 
  To approve 
  the Directors' 
  Remuneration 
  Policy as 
  set out 
  in the Annual 
  Report and 
  Accounts 
  2016                 48,792,392   67.96    23,002,674   32.04   71,795,066   67.11%   11,161 
--------------------  -----------  -------  -----------  ------  -----------  -------  ---------- 
 3 
  To approve 
  the Annual 
  Report on 
  Directors' 
  Remuneration 
  for the 
  financial 
  period ended 
  on 31 January 
  2016 as 
  set out 
  in the Annual 
  Report and 
  Accounts 
  2016                 71,565,100   99.68    230,450      0.32    71,795,550   67.11%   10,992 
--------------------  -----------  -------  -----------  ------  -----------  -------  ---------- 
 4 
  To re-elect 
  Ms C Rhodes 
  as a Director 
  of the Company       71,772,560   99.97    19,171       0.03    71,791,731   67.11%   14,811 
--------------------  -----------  -------  -----------  ------  -----------  -------  ---------- 
 5 
  To re-elect 
  Mr A Highfield 
  as a Director 
  of the Company       71,765,194   99.96    27,418       0.04    71,792,612   67.11%   13,920 
--------------------  -----------  -------  -----------  ------  -----------  -------  ---------- 
 6 
  To re-elect 
  Mr D King 
  as a Director 
  of the Company       71,773,578   99.97    18,905       0.03    71,792,483   67.11%   14,059 
--------------------  -----------  -------  -----------  ------  -----------  -------  ---------- 
 7 
  To re-elect 
  Mr K Aamot 
  as a Director 
  of the Company       71,774,349   99.97    18,134       0.03    71,792,483   67.11%   14,059 
--------------------  -----------  -------  -----------  ------  -----------  -------  ---------- 
 8 
  To elect 
  Mr M Butterworth 
  as a Director 
  of the Company       71,774,650   99.98    17,833       0.02    71,792,483   67.11%   14,059 
--------------------  -----------  -------  -----------  ------  -----------  -------  ---------- 
 9 
  To re-appoint 
  Deloitte 
  LLP, Chartered 
  Accountants 
  and Registered 
  Auditors, 
  as auditors 
  of the Company       71,269,612   99.97    23,658       0.03    71,293,270   66.64%   513,272 
--------------------  -----------  -------  -----------  ------  -----------  -------  ---------- 
 10 
  To authorise 
  the Directors 
  to fix the 
  remuneration 
  of the auditors      71,800,153   99.99    6,108        0.01    71,806,261   67.12%   281 
--------------------  -----------  -------  -----------  ------  -----------  -------  ---------- 
 11 
  To amend 
  the rules 
  of the Johnston 
  Press 2007 
  Sharesave 
  Plan                 71,751,806   99.94    39,891       0.06    71,791,697   67.11%   14,845 
--------------------  -----------  -------  -----------  ------  -----------  -------  ---------- 
 12 
  To authorise 
  the grant 
  of PSP awards 
  without 
  performance 
  conditions           48,747,958   67.90    23,044,146   32.10   71,792,104   67.11%   14,267 
--------------------  -----------  -------  -----------  ------  -----------  -------  ---------- 
 13 
  To renew 
  for a further 
  year the 
  Directors' 
  authority 
  to allot 
  equity securities 
  in certain 
  circumstances        71,732,373   99.92    54,693       0.08    71,787,066   67.10%   19,476 
--------------------  -----------  -------  -----------  ------  -----------  -------  ---------- 
 14 
  Special 
  Resolution: 
  to disapply 
  pre-emption 
  rights               71,752,169   99.94    45,244       0.06    71,797,413   67.11%   9,129 
--------------------  -----------  -------  -----------  ------  -----------  -------  ---------- 
 15 
  Special 
  Resolution: 
  to allot 
  additional 
  securities 
  for cash             71,673,887   99.83    123,000      0.17    71,796,887   67.11%   9,655 
--------------------  -----------  -------  -----------  ------  -----------  -------  ---------- 
 16 
  Special 
  Resolution: 
  to authorise 
  the Company 
  to purchase 
  its own 
  shares               71,759,540   99.94    42,750       0.06    71,802,290   67.12%   4,252 
--------------------  -----------  -------  -----------  ------  -----------  -------  ---------- 
 17 
  Special 
  Resolution: 
  to call 
  General 
  Meetings, 
  other than 
  an Annual 
  General 
  Meeting, 
  on not less 
  than 14 
  clear days' 
  notice               71,738,887   99.91    67,099       0.09    71,805,986   67.12%   556 
--------------------  -----------  -------  -----------  ------  -----------  -------  ---------- 
 

The Board of the Company notes the significant proportion of the votes cast against resolutions 2 and 12. The Company will continue its ongoing dialogue with shareholders at the appropriate time in order to further understand the reasons behind the results of the votes on these resolutions (see Note 4, below).

* - including discretionary

** - issued share capital

Notes

1. The Company's issued share capital having the right to vote at the Annual General Meeting consists of 105,877,777 Ordinary Shares of 1 pence each, 756,000 Preference Shares of GBP1 each and 349,600 'A' Preference Shares of GBP1 each.

2. A 'Vote Withheld' is not a vote in law and is not counted in the calculation of the proportion of the votes 'For' and 'Against' a resolution.

3. In accordance with the UK Listing Authority's Listing Rules, copies of resolutions 14 to 17 will shortly be available for inspection via the National Storage Mechanism (www.morningstar.co.uk/uk/NSM).

4. This statement is made in accordance with provision E.2.2 of the United Kingdom Corporate Governance Code (April 2016).

For more information contact:

Johnston Press plc

Peter McCall, Company Secretary

0131 311 7500

Powerscourt

Juliet Callaghan / John Elliott

0207 250 1446

[e-mail]

This information is provided by RNS

The company news service from the London Stock Exchange

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May 22, 2017 11:34 ET (15:34 GMT)