McColl's Retail Group plc Result of AGM (7858K)

TIDMMCLS

RNS Number : 7858K

McColl's Retail Group plc

12 April 2018

12 April 2018

McColl's Retail Group plc (the "Company")

Results of AGM

McColl's Retail Group plc announces that at the Annual General Meeting of the Company held today, 12 April 2018, all the Resolutions contained in the Notice of Annual General Meeting were duly passed on a poll. The results of the poll for each resolution were as follows:

 
                                      For               Against        Withheld        Total 
                                                                                       votes 
                                                                                        cast 
                                                                                     (excluding 
                                                                                     withheld) 
                                                                                    ----------- 
                                (No. of     (%)       (No.       (%)   (No. 
Resolution                      shares)             of shares)          of shares) 
----------------------------               ------               -----  -----------  ----------- 
1. To receive the 
 2017 Annual Report 
 and Accounts                 101,194,095  100.00        4,792   0.00        3,000  101,198,887 
----------------------------  -----------  ------  -----------  -----  -----------  ----------- 
2. To receive the 
 Directors' Remuneration 
 Report                       101,088,652   99.89      110,235   0.11        3,000  101,198,887 
----------------------------  -----------  ------  -----------  -----  -----------  ----------- 
3. To approve the 
 Directors' Remuneration 
 Policy                        85,683,168   86.08   13,850,649  13.92    1,668,070   99,533,817 
----------------------------  -----------  ------  -----------  -----  -----------  ----------- 
4. To declare a 
 final dividend                88,054,809   87.01   13,144,079  12.99        3,000  101,198,888 
----------------------------  -----------  ------  -----------  -----  -----------  ----------- 
5. To re-elect 
 Angus Porter as 
 a Director                    87,914,586   86.87   13,284,033  13.13        3,268  101,198,619 
----------------------------  -----------  ------  -----------  -----  -----------  ----------- 
6. To re-elect 
 Georgina Harvey 
 as a Director                101,117,120   99.92       81,500   0.08        3,268  101,198,620 
----------------------------  -----------  ------  -----------  -----  -----------  ----------- 
7. To re-elect 
 Sharon Brown as 
 a Director                   100,115,701   98.93    1,082,919   1.07        3,268  101,198,620 
----------------------------  -----------  ------  -----------  -----  -----------  ----------- 
8. To re-elect 
 Jonathan Miller 
 as a Director                100,902,248   99.71      296,372   0.29        3,268  101,198,620 
----------------------------  -----------  ------  -----------  -----  -----------  ----------- 
9. To re-elect 
 Simon Fuller as 
 a Director                   101,134,425   99.94       64,195   0.06        3,268  101,198,620 
----------------------------  -----------  ------  -----------  -----  -----------  ----------- 
10. To elect David 
 Thomas as a Director         101,066,159   99.87      132,461   0.13        3,268  101,198,620 
----------------------------  -----------  ------  -----------  -----  -----------  ----------- 
11. To elect Jens 
 Hofma as a Director           87,992,519   99.93       60,022   0.07   13,149,347   88,052,541 
----------------------------  -----------  ------  -----------  -----  -----------  ----------- 
12. To re-appoint 
 Deloitte LLP as 
 Auditor of the 
 Company                      100,609,426   99.41      592,193   0.59          268  101,201,619 
----------------------------  -----------  ------  -----------  -----  -----------  ----------- 
13. To authorise 
 the Audit & Risk 
 Committee to determine 
 the Auditor's remuneration   101,188,845  100.00        3,850   0.00        3,268  101,192,695 
----------------------------  -----------  ------  -----------  -----  -----------  ----------- 
14. To authorise 
 the Company to 
 make political 
 donations and incur 
 political expenditure         80,485,654   91.43    7,543,769   8.57   13,172,465   88,029,423 
----------------------------  -----------  ------  -----------  -----  -----------  ----------- 
15. To authorise 
 the Directors to 
 allot ordinary 
 shares                        82,564,009   81.59   18,634,879  18.41        3,000  101,198,888 
----------------------------  -----------  ------  -----------  -----  -----------  ----------- 
16. To disapply 
 pre-emption rights*           81,300,624   80.34   19,894,337  19.66        6,927  101,194,961 
----------------------------  -----------  ------  -----------  -----  -----------  ----------- 
17. To disapply 
 pre-emption rights 
 in connection with 
 an acquisition 
 or capital investment*        80,719,759   79.77   20,475,201  20.23        6,927  101,194,960 
----------------------------  -----------  ------  -----------  -----  -----------  ----------- 
18. To authorise 
 the Company to 
 purchase its own 
 ordinary shares*              87,355,256   86.32   13,840,931  13.68        5,700  101,196,187 
----------------------------  -----------  ------  -----------  -----  -----------  ----------- 
19. To authorise 
 the Directors to 
 hold general meetings 
 other than AGMs 
 on not less than 
 14 clear days' 
 notice*                       87,791,173   86.75   13,407,715  13.25        3,000  101,198,888 
----------------------------  -----------  ------  -----------  -----  -----------  ----------- 
 

*Special Resolution

In accordance with Listing Rule 9.6.2R copies of all resolutions passed at the meeting other than ordinary business will be submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/nsm.

Details of the proxy votes will shortly be available on the Company's website: www.mccollsplc.co.uk.

Disclosure under Provision E.2.2 of the UK Corporate Governance Code

The Board considers the proportion of votes cast against Resolution 17 (disapplication of pre-emption rights in relation to an acquisition or capital investment) to be significant. The Board intends to contact all major shareholders who voted against those resolutions to seek an understanding of their reasons for doing so. The outcome of this exercise will be reported back to the Board for further consideration and a summary of the decisions or actions taken by the Board as a result will be included in the explanatory materials accompanying the notice of annual general meeting 2019.

 
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 on 12 April 2018 
         was 115,173,515 (the "Share Capital") and at 
         that time, the Company did not hold any 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) 
         expressed as a percentage of the Share Capital. 
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.mccollsplc.co.uk 
 

Please visit www.mccollsplc.co.uk or for further information, please contact:

 
 
   McColl's Retail Group 
   plc 
 Bernadette Young, Company 
  Secretary 
 [phone] 
 

McColls Retail Group plc

Ashwells Road

Brentwood

Essex

CM15 9ST

About McColl's Retail Group

McColl's is a leading neighbourhood retailer, with an estate of 1,611 managed convenience stores and newsagents. We operate 1,279 McColl's branded convenience stores as well as 332 newsagents branded Martin's across the UK, except in Scotland where we operate under our heritage brand, RS McColl. Our 22,000 dedicated colleagues serve over five million customers every week, and we are the largest operator of Post Offices in the UK, with c.600 in-store counters/branches.

LEI: 213800R1TLR536P8YJ67

This information is provided by RNS

The company news service from the London Stock Exchange

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April 12, 2018 12:08 ET (16:08 GMT)