MJ Gleeson PLC Result of AGM (4903H)

TIDMGLE

RNS Number : 4903H

MJ Gleeson PLC

03 December 2020

MJ GLEESON plc

Incorporated in England and Wales

Registration number: 09268016

LEI: 21380064K7N2W7FD6434

ISIN: GB00BRKD9Z53

MJ Gleeson plc

("the Company")

MJ Gleeson plc - Annual General Meeting Results

The Company held its Annual General Meeting at 11:00am on Thursday 3(rd) December 2020, as a closed meeting at 6 Europa Court, Sheffield Business Park, Sheffield S9 1XE (the "AGM").

All resolutions put to the meeting were voted on by way of a poll and were passed by the shareholders. The following table gives results of the poll vote:

 
                                     Votes For            Votes Against         Votes        Total Votes Cast 
                                                                               Withheld 
      Resolution                No. of       % of      No. of       % of      No. of      No. of         % of 
                                 shares       shares    shares       shares    shares      shares         issued 
                                              voted                  voted                                share 
                                                                                                          capital 
     ------------------------  -----------  --------  -----------  --------  ----------  -------------  --------- 
      To receive and 
       adopt the Report 
       of the Directors 
       and the financial 
       statements together 
       with the Independent 
       Auditors' Report 
       for the year 
       ended 30 June 
 1     2020                     45,775,660   99.89       51,562       0.11      1,957       45,827,222   78.67% 
     ------------------------  -----------  --------  -----------  --------  ----------  -------------  --------- 
      To re-appoint 
       Dermot Gleeson 
 2     as a Director            43,761,829   95.5      2,061,178    4.5       9,132       45,823,007     78.66% 
     ------------------------  -----------  --------  -----------  --------  ----------  -------------  --------- 
      To re-appoint 
       Andrew Coppel 
 3     as a Director            45,187,941   98.6      642,203      1.4       1,995       45,830,144     78.67% 
     ------------------------  -----------  --------  -----------  --------  ----------  -------------  --------- 
      To re-appoint 
       Fiona Goldsmith 
 4     as a Director            45,188,111   98.6      642,033      1.4       1,995       45,830,144     78.67% 
     ------------------------  -----------  --------  -----------  --------  ----------  -------------  --------- 
      To re-appoint 
       Christopher 
 5     Mills as a Director      38,741,267   84.55     7,081,740    15.45     9,132       45,823,007     78.66% 
     ------------------------  -----------  --------  -----------  --------  ----------  -------------  --------- 
      To re-appoint 
       James Thomson 
 6     as a Director            45,824,601   99.99     5,543        0.01      1,995       45,830,144     78.67% 
     ------------------------  -----------  --------  -----------  --------  ----------  -------------  --------- 
      To re-appoint 
       Stefan Allanson 
 7     as a Director            45,816,166   99.97     13,978       0.03      1,995       45,830,144     78.67% 
     ------------------------  -----------  --------  -----------  --------  ----------  -------------  --------- 
      To re-appoint 
       PricewaterhouseCoopers 
       LLP as Independent 
 8     Auditor                  45,810,325   99.96     19,819       0.04      1,995       45,830,144     78.67% 
     ------------------------  -----------  --------  -----------  --------  ----------  -------------  --------- 
      To authorise 
       the Directors 
       to determine 
       the Independent 
 9     Auditor's remuneration   45,824,519   99.99     5,663        0.01      1,957       45,830,182     78.67% 
     ------------------------  -----------  --------  -----------  --------  ----------  -------------  --------- 
      To approve the 
       Annual Report 
 10    on Remuneration          27,757,341   60.66     18,002,509   39.34     72,289      45,759,850     78.55% 
     ------------------------  -----------  --------  -----------  --------  ----------  -------------  --------- 
      To authorise 
       the Directors 
       to allot shares 
       in the Company 
       pursuant to 
       Section 551 
       of the Companies 
 11    Act 2006                 45,756,316   99.85     69,552       0.15      6,271       45,825,868     78.66% 
     ------------------------  -----------  --------  -----------  --------  ----------  -------------  --------- 
      To disapply 
       pre-emption 
       rights in connection 
       with a rights 
 12    issue                    45,496,816   99.28     328,302      0.72      7,021       45,825,118     78.66% 
     ------------------------  -----------  --------  -----------  --------  ----------  -------------  --------- 
      To disapply 
       pre-emption 
       rights in connection 
       with allotment 
       of equity securities 
       or sale of treasury 
 13    shares                   45,490,145   99.27     334,972      0.73      7,021       45,825,117     78.66% 
     ------------------------  -----------  --------  -----------  --------  ----------  -------------  --------- 
      To authorise 
       the Company 
       to purchase 
       its own shares 
       under Section 
       701 of the Companies 
 14    Act 2006                 45,563,986   99.43     261,881      0.57      6,271       45,825,867     78.66% 
     ------------------------  -----------  --------  -----------  --------  ----------  -------------  --------- 
      To authorise 
       the Company 
       to call General 
       Meetings other 
       than Annual 
       General Meetings 
       on not less 
       than 14 clear 
 15    days' notice             45,466,982   99.21     361,300      0.79      3,857       45,828,282     78.67% 
     ------------------------  -----------  --------  -----------  --------  ----------  -------------  --------- 
 

Resolution 10:

Whilst the Board welcomes the strong level of support for the resolutions put to the Meeting, it notes that resolution 10 (to approve the Directors' Remuneration Report) was passed with 60.66% of votes cast.

The Company engaged with shareholders and the relevant proxy advisory companies in advance of the AGM and fully understands the issues of primary concern. However, Andrew Coppel, as the recently appointed Chairman of the Remuneration Committee, will undertake a wider engagement with shareholders as part of the Committee's review of the Company's overall remuneration policy ahead of publishing its next report. The Board will provide an update no later than 6 months' time.

* Includes discretionary votes

Notes:

(1) A "vote withheld" is not a vote in law and is not counted in the total number of votes cast for or against a resolution.

(2) Resolutions 1-11 were ordinary resolutions and resolutions 12-15 were special resolutions.

Copies of the special business resolutions passed at the Annual General Meeting will shortly be available for inspection via the Financial Services Authority's National Storage Mechanism in accordance with 9.6.2(R) of the Listing Rules.

There were 58,255,788 ordinary shares of 2p each in issue on 3 December 2020.

Further information is available from:

 
 MJ Gleeson plc 
 Stefan Allanson             Leanne Johnson 
  Chief Financial Officer     Company Secretary 
  Tel: [phone]           Tel: [phone] 
 
 

3 December 2020

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December 03, 2020 08:44 ET (13:44 GMT)