Just Group PLC Result of AGM (1616C)

TIDMJUST

RNS Number : 1616C

Just Group PLC

13 June 2019

13 JUNE 2019

JUST Group plc

(the "Company")

RESULTS OF ANNUAL GENERAL MEETING HELD ON 13 JUNE 2019

The Company announces the results of the poll taken at the Annual General Meeting of the Company ("AGM") held earlier today at Andaz London Liverpool Street, 40 Liverpool Street, London, EC2M 7QN.

All resolutions proposed in the notice of the AGM were duly passed on a poll.

Full details of the results of the poll are set out below:

 
 Resolutions                            For                      Against              % OF issued     No. of votes 
                                                                                     share capiTal      Withheld 
                                                                                      VOTED (exc. 
                                                                                     VOTES WITHELD) 
 Ordinary Resolutions:          No. of      % of votes     No. of      % of votes 
                                 votes                      votes 
                             ------------  -----------  ------------  ----------- 
       To receive 
        2018 Annual 
        Report and 
 1.     Accounts.             842,563,228     100.00       24,459         0.00           81.40          586,848 
      ---------------------  ------------  -----------  ------------  -----------  ----------------  ------------- 
       To receive 
        and approve 
        the Directors' 
        Remuneration 
        Report for 
        the year ended 
        31 December 
        2018 in the 
        form set out 
        in the 2018 
        Annual Report 
 2.     and Accounts.         733,556,657     87.00      109,593,150     13.00           81.46           24,728 
      ---------------------  ------------  -----------  ------------  -----------  ----------------  ------------- 
       To re-elect 
        Chris Gibson-Smith 
        as a Director 
 3.     of the Company.       608,537,871     72.34      232,648,862     27.66           81.27         1,987,802 
      ---------------------  ------------  -----------  ------------  -----------  ----------------  ------------- 
       To re-elect 
        Paul Bishop 
        as a Director 
 4.     of the Company.       818,446,423     97.30      22,730,449       2.70           81.27         1,997,663 
      ---------------------  ------------  -----------  ------------  -----------  ----------------  ------------- 
       To re-elect 
        Ian Cormack 
        as a Director 
 5.     of the Company.       831,008,838     98.56      12,128,389       1.44           81.46           37,308 
      ---------------------  ------------  -----------  ------------  -----------  ----------------  ------------- 
       To re-elect 
        Michael Deakin 
        as a Director 
 6.     of the Company.       839,765,515     99.60       3,370,225       0.40           81.46           38,795 
      ---------------------  ------------  -----------  ------------  -----------  ----------------  ------------- 
       To re-elect 
        Steve Melcher 
        as a Director 
 7.     of the Company.       839,826,945     99.61       3,308,795       0.39           81.46           38,795 
      ---------------------  ------------  -----------  ------------  -----------  ----------------  ------------- 
       To re-elect 
        Keith Nicholson 
        as a Director 
 8.     of the Company.       835,605,000     99.11       7,532,740       0.89           81.46           36,795 
      ---------------------  ------------  -----------  ------------  -----------  ----------------  ------------- 
       To re-elect 
        David Richardson 
        as a Director 
 9.     of the Company.       839,125,931     99.52       4,021,077       0.48           81.46           27,527 
      ---------------------  ------------  -----------  ------------  -----------  ----------------  ------------- 
       To re-elect 
        Clare Spottiswoode 
        as a Director 
 10.    of the Company.       839,585,988     99.81       1,594,371       0.19           81.27         1,994,176 
      ---------------------  ------------  -----------  ------------  -----------  ----------------  ------------- 
       To appoint 
        KPMG LLP as 
        the Company's 
 11.    Auditor.              819,603,706     97.33      22,515,482       2.67           81.36         1,055,347 
      ---------------------  ------------  -----------  ------------  -----------  ----------------  ------------- 
       To authorise 
        the Audit 
        Committee 
        to determine 
        the remuneration 
        of the Company's 
 12.    Auditor.              837,529,563     99.46       4,587,151       0.54           81.36         1,057,821 
      ---------------------  ------------  -----------  ------------  -----------  ----------------  ------------- 
       To renew the 
        authority 
        to make political 
        donations 
 13.    and expenditure.      833,183,860     98.82       9,977,159       1.18           81.46           13,516 
      ---------------------  ------------  -----------  ------------  -----------  ----------------  ------------- 
       To renew the 
        authority 
 14.    to allot shares.      665,300,702     78.91      177,858,251     21.09           81.46           15,582 
      ---------------------  ------------  -----------  ------------  -----------  ----------------  ------------- 
 Special ResolutionS: 
                             ------------  -----------  ------------  -----------  ----------------  ------------- 
       To renew the 
        power to disapply 
        pre-emption 
 15.    rights.               719,659,670     85.35      123,500,186     14.65           81.46           14,679 
      ---------------------  ------------  -----------  ------------  -----------  ----------------  ------------- 
       To renew the 
        authority 
        to grant additional 
        power to disapply 
        pre-emption 
 16.    rights.               643,707,469     76.34      199,453,407     23.66           81.46           13,659 
      ---------------------  ------------  -----------  ------------  -----------  ----------------  ------------- 
       To renew the 
        authority 
        of the Company 
        to purchase 
 17.    Company shares.       829,716,582     98.42      13,289,832       1.58           81.44          168,121 
      ---------------------  ------------  -----------  ------------  -----------  ----------------  ------------- 
       To renew the 
        approval of 
        a shorter 
        notice period 
        for general 
 18.    meetings.             828,956,028     98.31      14,212,863       1.69           81.46           5,647 
      ---------------------  ------------  -----------  ------------  -----------  ----------------  ------------- 
 

Statement regarding voting result

The Board is pleased that all of the resolutions which were put to shareholders at the AGM were passed.

However, the Board notes that a significant number of shareholders voted against resolutions 3, 14 and 16, with the result that such resolutions fell below the 80% threshold. In accordance with provision 4 of the 2018 UK Corporate Governance Code, the Board confirms that it will consult and engage with shareholders to understand and discuss their concerns with respect to such resolutions and why they voted against such resolutions. We will provide an update within six months of the AGM, in accordance with the 2018 UK Corporate Governance Code.

Full details of the resolutions passed, together with explanatory notes, are set out in the Notice of Annual General Meeting dated 10 May 2019, which is available at www.justgroupplc.co.uk

Copies of the resolutions passed at the meeting will shortly be available to view in accordance with Listing Rule 9.6.2 on the FCA's National Storage Mechanism, at: www.morningstar.co.uk/uk/NSM

Notes:

(a) All resolutions were passed.

(b) The votes "For" and "Against" are expressed in percentage of the votes received.

(c) Votes "For" include those votes giving the Chairman discretion.

(d) A "vote withheld" is not counted towards the votes cast "for" or "against" a resolution.

(e) The total number of shares in issue on 13 June 2019 was 1,035,081,664 ordinary shares of 10 pence each.

Enquiries:

David Whitehead

Interim Group Company Secretary

Just Group plc

[phone]

13 June 2019

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June 13, 2019 10:58 ET (14:58 GMT)