Law Debenture Corp PLC Result of AGM (9426V)

TIDMLWDB

RNS Number : 9426V

Law Debenture Corp PLC

11 April 2019

THE LAW DEBENTURE CORPORATION p.l.c.

Results of Proxy Voting - AGM - 11 April 2019

Ordinary shares with voting rights in issue - 118,384,040

Turnout - based on number of valid votes cast (excluding votes withheld) on resolution 4, being the resolution that attracted the highest number of votes - 32,296,841 (27.28%)

Resolution No. 1 - to receive the strategic and directors' report and the accounts for the year ended 31 December 2018

 
 
            For *                  32,294,063 
 
            Against                883 
 
 Percentage majority in favour     99.99% 
 
 Votes withheld **                 16,718 
 

Resolution No. 2 - to approve the directors' remuneration report for the year ended 31 December 2018

 
 
            For *                      31,523,592 
 
            Against the resolution     673,060 
 
 Percentage majority in favour         97.91% 
 
 Votes withheld **                     115,012 
 

Resolution No. 3 - to approve amendments to the remuneration policy

 
 
            For *                      31,560,733 
 
            Against the resolution     662,366 
 
 Percentage majority in favour         97.94% 
 
 Votes withheld **                     63,565 
 

Resolution No. 4 - to declare a final dividend of 12.90 pence per share

 
 
            For *                      32,295,958 
 
            Against the resolution     883 
 
 Percentage majority in favour         99.99% 
 
 Votes withheld **                     14,823 
 

Resolution No.5 - to re-elect Denis Jackson as a director

 
 
            For *                      32,030,641 
 
            Against the resolution     184,836 
 
 Percentage majority in favour         99.43% 
 
 Votes withheld **                     96,187 
 

Resolution No.6 - to re-elect Robert Hingley as a director

 
 
            For *                      32,158,227 
 
            Against the resolution     116,049 
 
 Percentage majority in favour         99.64% 
 
 Votes withheld **                     37,388 
 

Resolution No.7 - to re-elect Robert Laing as a director

 
 
            For *                      31,670,242 
 
            Against the resolution     604,034 
 
 Percentage majority in favour         98.13% 
 
 Votes withheld **                     37,388 
 

Resolution No.8 - to re-elect Mark Bridgeman as a director

 
 
            For *                      32,162,289 
 
            Against the resolution     111,987 
 
 Percentage majority in favour         99.65% 
 
 Votes withheld **                     37,388 
 

Resolution No.9 - to re-elect Tim Bond as a director

 
 
            For *                      32,149,212 
 
            Against the resolution     121,604 
 
 Percentage majority in favour         99.62% 
 
 Votes withheld **                     40,848 
 

Resolution No.10 - to elect Katie Thorpe as a director

 
 
            For *                      32,015,042 
 
            Against the resolution     177,351 
 
 Percentage majority in favour         99.45% 
 
 Votes withheld **                     119,271 
 

Resolution No.11 - increase article limit on NED ordinary remuneration

 
 
            For *                      31,964,849 
 
            Against the resolution     234,887 
 
 Percentage majority in favour         99.27% 
 
 Votes withheld **                     111,928 
 

Resolution No. 12 - to re-appoint BDO LLP as auditors

 
 
            For *                      32,219,624 
 
            Against the resolution     31,511 
 
 Percentage majority in favour         99.90% 
 
 Votes withheld **                     60,529 
 

Resolution No. 13 - general authority to allot shares

 
 
            For *                      32,199,300 
 
            Against the resolution     62,843 
 
 Percentage majority in favour         99.81% 
 
 Votes withheld **                     49,521 
 

Resolution No. 14 - disapplication of statutory pre-emption rights (Special Resolution requiring 75% majority)

 
 
            For *                      32,050,670 
 
            Against the resolution     164,144 
 
 Percentage majority in favour         99.49% 
 
 Votes withheld **                     96,850 
 

Resolution No. 15 - General authority to buy back shares (Special Resolution requiring 75% majority)

 
 
            For *                      32,148,341 
 
            Against the resolution     140,042 
 
 Percentage majority in favour         99.57% 
 
 Votes withheld **                     23,281 
 

Resolution No. 16 - authority to convene a general meeting - notice (Special Resolution requiring 75% majority)

 
 
            For *                      31,603,857 
 
            Against the resolution     624,745 
 
 Percentage majority in favour         98.06% 
 
 Votes withheld **                     83,062 
 

Notes:

* Votes "For" include any discretionary votes given to the Chairman or another named proxy.

** Votes withheld have no legal effect.

Contact: Ian Bowden 020 7696 5285

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April 11, 2019 08:51 ET (12:51 GMT)