Next PLC Result of AGM (9271Z)

TIDMNXT

RNS Number : 9271Z

Next PLC

18 May 2023

 
 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 ("NEXT")

Results of 2023 Annual General Meeting ("AGM")

The Board of NEXT plc is pleased to announce that at the AGM of NEXT shareholders held on 18 May 2023 all resolutions as set out in the Notice of Meeting contained in the Annual Report and Accounts for the year ended 28 January 2023 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 6.30 pm on 16 May 2023, being those eligible to be voted on at the AGM, was 128,448,963.

 
                                                                                                   % of 
                                                                                                  shares 
                                                                                                    on 
                                                                                                 register 
                                                                                                    at 
                                                                                                  6.30pm 
                                                                                   TOTAL VOTES    16 May       Votes 
                                               For                 Against             CAST        2023     withheld(1) 
                          ----------  ---------------------  -------------------  ------------  ---------  ------------ 
       Resolution           Special      No. of        %        No. of       %       No. of         %           No. 
                               /          Votes                  Votes                Votes                   of Votes 
                           Ordinary 
                          ----------  ------------  -------  -----------  ------  ------------  ---------  ------------ 
 1 To receive and 
  adopt the accounts 
  and reports of 
  the directors and 
  auditor                  Ordinary    97,308,515    99.70     294,328     0.30    97,602,843     75.99%      825,471 
                          ----------  ------------  -------  -----------  ------  ------------  ---------  ------------ 
 2 To approve the 
  Remuneration Policy      Ordinary    82,611,467    83.99    15,751,694   16.01   98,363,161     76.58%      65,153 
                          ----------  ------------  -------  -----------  ------  ------------  ---------  ------------ 
 3 To approve the 
  Remuneration Report      Ordinary    93,122,833    94.79    5,114,357    5.21    98,237,190     76.48%      190,866 
                          ----------  ------------  -------  -----------  ------  ------------  ---------  ------------ 
 4 To declare a 
  dividend of 140 
  pence per ordinary 
  share                    Ordinary    98,425,002    100.00     1,521      0.00    98,426,523     76.63%       1,791 
                          ----------  ------------  -------  -----------  ------  ------------  ---------  ------------ 
 5 To elect Jeremy 
  Stakol as a director     Ordinary    97,523,831    99.08     901,559     0.92    98,425,390     76.63%       2,666 
                          ----------  ------------  -------  -----------  ------  ------------  ---------  ------------ 
 6 To re-elect Jonathan 
  Bewes as a director      Ordinary    95,432,934    96.96    2,992,635    3.04    98,425,569     76.63%       2,487 
                          ----------  ------------  -------  -----------  ------  ------------  ---------  ------------ 
 7 To re-elect Soumen 
  Das as a director        Ordinary    94,381,546    96.64    3,279,642    3.36    97,661,188     76.03%      766,868 
                          ----------  ------------  -------  -----------  ------  ------------  ---------  ------------ 
 8 To re-elect Tom 
  Hall as a director       Ordinary    94,235,612    95.74    4,189,550    4.26    98,425,162     76.63%       2,894 
                          ----------  ------------  -------  -----------  ------  ------------  ---------  ------------ 
 9 To re-elect Tristia 
  Harrison as a director   Ordinary    95,433,876    96.96    2,991,593    3.04    98,425,469     76.63%       2,587 
                          ----------  ------------  -------  -----------  ------  ------------  ---------  ------------ 
 10 To re-elect 
  Amanda James as 
  a director               Ordinary    96,508,611    98.05    1,916,631    1.95    98,425,242     76.63%       2,814 
                          ----------  ------------  -------  -----------  ------  ------------  ---------  ------------ 
 11 To re-elect 
  Richard Papp as 
  a director               Ordinary    97,495,188    99.05     930,302     0.95    98,425,490     76.63%       2,566 
                          ----------  ------------  -------  -----------  ------  ------------  ---------  ------------ 
 12 To re-elect 
  Michael Roney as 
  a director               Ordinary    76,017,378    79.16    20,017,262   20.84   96,034,640     74.76%     2,393,416 
                          ----------  ------------  -------  -----------  ------  ------------  ---------  ------------ 
 13 To re-elect 
  Jane Shields as 
  a director               Ordinary    97,497,414    99.06     927,418     0.94    98,424,832     76.63%       3,224 
                          ----------  ------------  -------  -----------  ------  ------------  ---------  ------------ 
 14 To re-elect 
  Dame Dianne Thompson 
  as a director            Ordinary    95,422,066    96.95    3,002,478    3.05    98,424,544     76.63%       2,997 
                          ----------  ------------  -------  -----------  ------  ------------  ---------  ------------ 
 15 To re-elect 
  Lord Wolfson as 
  a director               Ordinary    97,640,359    99.20     785,605     0.80    98,425,964     76.63%       2,092 
                          ----------  ------------  -------  -----------  ------  ------------  ---------  ------------ 
 16 To re-appoint 
  PricewaterhouseCoopers 
  LLP as auditor           Ordinary    97,329,313    98.89    1,095,668    1.11    98,424,981     76.63%       3,333 
                          ----------  ------------  -------  -----------  ------  ------------  ---------  ------------ 
 17 To authorise 
  the Audit Committee 
  to set the auditor's 
  remuneration             Ordinary    98,411,400    99.99      14,163     0.01    98,425,563     76.63%       2,751 
                          ----------  ------------  -------  -----------  ------  ------------  ---------  ------------ 
 18 Directors' authority 
  to allot shares          Ordinary    95,502,438    97.03    2,921,758    2.97    98,424,196     76.63%       3,859 
                          ----------  ------------  -------  -----------  ------  ------------  ---------  ------------ 
 19 General authority 
  to disapply 
  pre-emption 
  rights                    Special    92,234,215    93.71    6,189,365    6.29    98,423,580     76.62%       4,475 
                          ----------  ------------  -------  -----------  ------  ------------  ---------  ------------ 
 20 Additional authority 
  to disapply 
  pre-emption 
  rights                    Special    90,556,247    92.19    7,675,143    7.81    98,231,390     76.48%      196,665 
                          ----------  ------------  -------  -----------  ------  ------------  ---------  ------------ 
 21 Authority for 
  on-market purchase 
  of own shares             Special    94,356,973    95.89    4,046,989    4.11    98,403,962     76.61%      24,352 
                          ----------  ------------  -------  -----------  ------  ------------  ---------  ------------ 
 22 Authority for 
  off-market purchases 
  of own shares                        97,219,589    98.80    1,184,666    1.20    98,404,255     76.61%      24,059 
 Less votes disregarded 
  under the provisions 
  of the Companies 
  Act 2006                  Special    (3,000,000)                                 (3,000,000) 
 Resolution 22 total(2)                94,219,589    98.76    1,184,666    1.24    95,404,255     74.27%      24,059 
                                      ------------  -------  -----------  ------  ------------  ---------  ------------ 
 23 Notice period 
  of general meetings       Special    93,863,314    95.37    4,561,488    4.63    98,424,802     76.63%       3,512 
                          ----------  ------------  -------  -----------  ------  ------------  ---------  ------------ 
 

Resolution 12

Whilst Resolution 12, to re-elect Michael Roney, was passed with a clear majority, the Board recognises that there was also a significant vote against this resolution. The Board will seek to engage with those shareholders who voted against this resolution. In accordance with the UK Corporate Governance Code, an update on the views received from shareholders and details of any actions taken by the Company will be published no later than 18 November 2023 by way of Stock Exchange Announcement. A summary will also be published in the 2024 Annual Report and Accounts.

In accordance with LR 9.6.2 and 9.2.6ER(1), 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 https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

Note(1) : 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. 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.

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May 18, 2023 08:08 ET (12:08 GMT)