Next PLC Result of AGM (3072Z)

TIDMNXT

RNS Number : 3072Z

Next PLC

16 May 2019

 
 Contacts:      Alistair Mackinnon-Musson 
                Rowbell PR                               Tel: [phone] 
                Email: [e-mail] 
 
 Photographs:   Photographs available at: 
                 http://press.next.co.uk/media/company-images/campaignimages.aspx 
 

NEXT PLC

Results of 2019 Annual General Meeting ("AGM")

The Board of Next plc is pleased to announce that at the AGM of Next shareholders held on 16 May 2019 all resolutions as set out in the Notice of Meeting contained in the Annual Report and Accounts for the year ended 26 January 2019 were passed.

All resolutions were put to the meeting and approved on a poll and results are detailed below.

The total number of shares on the register at 6.30pm on 14 May 2019, being those eligible to be voted on at the AGM, was 136,529,324 (this excludes any unsettled transactions under the share buy-back programme).

 
                                                                                                           % of 
                                                                                                          shares 
                                                                                                            on 
                                                                                                         register 
                                                                                                            at 
                                                                                           TOTAL          6.30pm 
                                                                                            VOTES         14 May       Votes 
                                                 For                  Against               CAST           2019     withheld(1) 
                          ----------  ------------------------  -------------------  -----------------  ---------  ------------ 
       Resolution           Special        No. of         %        No. of       %          No. of           %         No. of 
                               /            Votes                   Votes                   Votes                      Votes 
                           Ordinary 
                          ----------  ---------------  -------  -----------  ------  -----------------  ---------  ------------ 
 1 To receive and adopt 
  the accounts and 
  reports 
  of the directors and 
  auditor                  Ordinary        99,515,097   100.00        4,117    0.00         99,519,214     72.89%       179,446 
                          ----------  ---------------  -------  -----------  ------  -----------------  ---------  ------------ 
 2 To approve the 
  Remuneration 
  Report                   Ordinary        96,685,048    98.03    1,943,206    1.97         98,628,254     72.24%     1,070,406 
                          ----------  ---------------  -------  -----------  ------  -----------------  ---------  ------------ 
 3 To declare a final 
  dividend of 110p per 
  ordinary share           Ordinary        99,566,677   100.00        2,670    0.00         99,569,347     72.93%       129,313 
                          ----------  ---------------  -------  -----------  ------  -----------------  ---------  ------------ 
 4 To elect Tristia 
  Harrison 
  as a director            Ordinary        99,282,328    99.72      275,684    0.28         99,558,012     72.92%       140,648 
                          ----------  ---------------  -------  -----------  ------  -----------------  ---------  ------------ 
 5 To re-elect Jonathan 
  Bewes as a director      Ordinary        96,250,922    96.68    3,310,213    3.32         99,561,135     72.92%       137,525 
                          ----------  ---------------  -------  -----------  ------  -----------------  ---------  ------------ 
 6 To re-elect Amanda 
  James as a director      Ordinary        98,245,518    98.68    1,317,104    1.32         99,562,622     72.92%       136,038 
                          ----------  ---------------  -------  -----------  ------  -----------------  ---------  ------------ 
 7 To re-elect Richard 
  Papp as a director       Ordinary        98,294,356    98.73    1,267,376    1.27         99,561,732     72.92%       136,928 
                          ----------  ---------------  -------  -----------  ------  -----------------  ---------  ------------ 
 8 To re-elect Michael 
  Roney as a director      Ordinary        87,367,474    89.65   10,090,195   10.35         97,457,669     71.38%     2,240,991 
                          ----------  ---------------  -------  -----------  ------  -----------------  ---------  ------------ 
 9 To re-elect Francis 
  Salway as a director     Ordinary        98,958,286    99.39      603,461    0.61         99,561,747     72.92%       136,913 
                          ----------  ---------------  -------  -----------  ------  -----------------  ---------  ------------ 
 10 To re-elect Jane 
  Shields as a director    Ordinary        98,273,752    98.71    1,288,586    1.29         99,562,338     72.92%       136,322 
                          ----------  ---------------  -------  -----------  ------  -----------------  ---------  ------------ 
 11 To re-elect Dame 
  Dianne Thompson as a 
  director                 Ordinary        98,947,843    99.38      612,424    0.62         99,560,267     72.92%       138,393 
                          ----------  ---------------  -------  -----------  ------  -----------------  ---------  ------------ 
 12 To re-elect Lord 
  Wolfson as a director    Ordinary        98,442,000    98.87    1,120,118    1.13         99,562,118     72.92%       136,542 
                          ----------  ---------------  -------  -----------  ------  -----------------  ---------  ------------ 
 13 To re-appoint 
  PricewaterhouseCoopers 
  LLP as auditor and 
  authorise 
  the directors to set 
  their remuneration       Ordinary        99,513,841    99.95       52,357    0.05         99,566,198     72.93%       132,462 
                          ----------  ---------------  -------  -----------  ------  -----------------  ---------  ------------ 
 14 Directors' authority 
  to allot shares          Ordinary        96,933,719    97.36    2,633,043    2.64         99,566,762     72.93%       131,898 
                          ----------  ---------------  -------  -----------  ------  -----------------  ---------  ------------ 
 15 Authority to 
  disapply 
  general pre-emption 
  rights                    Special        99,524,895    99.97       33,721    0.03         99,558,616     72.92%       140,044 
                          ----------  ---------------  -------  -----------  ------  -----------------  ---------  ------------ 
 16 Authority to 
  disapply 
  additional pre-emption 
  rights                    Special        97,301,942    97.73    2,256,919    2.27         99,558,861     72.92%       139,799 
                          ----------  ---------------  -------  -----------  ------  -----------------  ---------  ------------ 
 17 Authority for 
  on-market 
  purchase of own shares    Special        98,664,957    99.13      869,574    0.87         99,534,531     72.90%       164,129 
                          ----------  ---------------  -------  -----------  ------  -----------------  ---------  ------------ 
 18(2) Authority for 
  off-market purchases 
  of own shares             Special        98,165,914    98.63    1,368,580    1.37         99,534,494     72.90%       164,166 
 Less votes disregarded 
  under the provisions 
  of the Companies Act 
  2006                                 (3,000,000)(2)                                   (3,000,000)(2) 
 Resolution 18 total                       95,165,914    98.58    1,368,580    1.42         96,534,494     70.71%       164,166 
                                      ---------------  -------  -----------  ------  -----------------  ---------  ------------ 
 19 To authorise the 
  calling of general 
  meetings 
  (other than Annual 
  General 
  Meetings) on 14 clear 
  days' notice              Special        94,130,549    94.97    4,980,561    5.03         99,111,110     72.59%       587,550 
========================  ==========  ===============  =======  ===========  ======  =================  =========  ============ 
 

Note1: The 'Vote Withheld' option is provided to enable the shareholder to abstain on any resolution. It is not a vote in law and is not counted in the calculation of the proportion of votes for and against a resolution.

Note(2) : The total maximum number of Ordinary Shares which may be purchased by Next for cancellation pursuant to such contingent purchase contracts is 3.0 million. As explained in the Notice of Meeting, Next has disregarded 3.0 million votes from both the total number of votes cast in favour of the resolution and the total votes cast so that the voting of those shares did not affect the result of the poll.

In accordance with LR 9.6.2, a copy of resolutions passed as special business will be submitted as soon as practicable to the National Storage Mechanism and will be available shortly for inspection at http://www.morningstar.co.uk/uk/NSM

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

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May 16, 2019 09:31 ET (13:31 GMT)