River and Mercantile Group PLC Result of AGM (5820J)

TIDMRIV

RNS Number : 5820J

River and Mercantile Group PLC

05 December 2018

5 December 2018

LEI: 2138005C7REHURGWHW31

River and Mercantile Group PLC

(the 'Company')

2018 Annual General Meeting ('AGM') Results

The Company announces that at its AGM held on 5 December 2018, all the resolutions set out in the Notice of AGM were passed by the requisite majority. Each of the resolutions put to the AGM was voted on by way of a poll. The results of the poll for each resolution were as follows:

 
                  Resolution                 For         For      Against     Against   Votes Withheld   % ISC Voted 
        (*indicates special resolution)     (No. of      (%)       (No. of      (%)         (No. of       (excluding 
                                            shares)                shares)                  shares)       withheld) 
       Receive the Annual Report 
        and Accounts for the 
        year ended 30 June 2018 
        together with the report 
 1.     of the auditors thereon.          61,481,968   100.00%       0         0.00%          0            74.89% 
      ---------------------------------  -----------  --------  -----------  --------  ---------------  ------------ 
       Approve the Directors' 
        report on remuneration 
        for the year ended 30 
        June 2018 as set out 
        in the Annual Report 
 2.     and Accounts 2018.                43,550,706   70.83%    17,931,261   29.17%          0            74.89% 
      ---------------------------------  -----------  --------  -----------  --------  ---------------  ------------ 
       Approve a final dividend 
        of 5.5 pence per ordinary 
        share for the financial 
 3.     year ended 30 June 2018.          61,481,968   100.00%       0         0.00%          0            74.89% 
      ---------------------------------  -----------  --------  -----------  --------  ---------------  ------------ 
       Re-elect Jonathan Dawson 
        as a Director of the 
 4.     Company.                          60,818,893   98.92%     663,074      1.08%          0            74.89% 
      ---------------------------------  -----------  --------  -----------  --------  ---------------  ------------ 
       Re-elect James Barham 
 5.     as Director of the Company.       61,481,968   100.00%       0         0.00%          0            74.89% 
      ---------------------------------  -----------  --------  -----------  --------  ---------------  ------------ 
       Re-elect Jack Berry as 
 6.     a Director of the Company.        61,474,201   99.99%      7,767       0.01%          0            74.89% 
      ---------------------------------  -----------  --------  -----------  --------  ---------------  ------------ 
       Re-elect Angela Crawford-Ingle 
        as a Director of the 
 7.     Company.                          54,883,294   89.27%    6,598,674    10.73%          0            74.89% 
      ---------------------------------  -----------  --------  -----------  --------  ---------------  ------------ 
       Re-elect Mike Faulkner 
        as a Director of the 
 8.     Company.                          61,481,968   100.00%       0         0.00%          0            74.89% 
      ---------------------------------  -----------  --------  -----------  --------  ---------------  ------------ 
       Re-elect Kevin Hayes 
        as a Director of the 
 9.     Company.                          61,481,968   100.00%       0         0.00%          0            74.89% 
      ---------------------------------  -----------  --------  -----------  --------  ---------------  ------------ 
       Re-elect Robin Minter-Kemp 
        as a Director of the 
 10.    Company.                          54,529,207   89.22%    6,590,907    10.78%       361,854         74.45% 
      ---------------------------------  -----------  --------  -----------  --------  ---------------  ------------ 
       Re-elect Jonathan Punter 
        as a Director of the 
 11.    Company.                          61,464,752   99.97%      17,215      0.03%          0            74.89% 
      ---------------------------------  -----------  --------  -----------  --------  ---------------  ------------ 
       Elect John Misselbrook 
        as a Director of the 
 12.    Company.                          55,550,024   90.35%    5,931,944     9.65%          0            74.89% 
      ---------------------------------  -----------  --------  -----------  --------  ---------------  ------------ 
       Reappoint BDO LLP as 
        auditors to the Company, 
        to hold office until 
        the conclusion of the 
        next general meeting 
        at which accounts are 
 13.    laid before the Company.          61,481,968   100.00%       0         0.00%          0            74.89% 
      ---------------------------------  -----------  --------  -----------  --------  ---------------  ------------ 
       Authorise the Board to 
        set the remuneration 
 14.    of the auditors.                  61,481,968   100.00%       0         0.00%          0            74.89% 
      ---------------------------------  -----------  --------  -----------  --------  ---------------  ------------ 
       Authorise the Board to 
 15.    allot securities.                 61,269,907   100.00%       0         0.00%       212,061         74.63% 
      ---------------------------------  -----------  --------  -----------  --------  ---------------  ------------ 
 16.   Authorise political donations.     28,900,831   96.44%    1,066,755     3.56%      31,514,382       36.50% 
      ---------------------------------  -----------  --------  -----------  --------  ---------------  ------------ 
       Authorise the Board to 
        dis-apply pre-emption 
 17.    rights.                           60,420,400   98.28%    1,056,568     1.72%        5,000          74.88% 
      ---------------------------------  -----------  --------  -----------  --------  ---------------  ------------ 
       Authorise the Board to 
        dis-apply pre-emption 
        rights for the purpose 
        of financing a transaction 
        which is an acquisition 
 18.    or capital investment.            60,410,951   98.27%    1,066,016     1.73%        5,000          74.88% 
      ---------------------------------  -----------  --------  -----------  --------  ---------------  ------------ 
       Authorise the Board to 
        call a general meeting 
        of the Company (other 
        than an AGM) on not less 
 19.    than 14 clear days' notice.       61,211,914   99.56%     270,054      0.44%          0            74.89% 
      ---------------------------------  -----------  --------  -----------  --------  ---------------  ------------ 
 

Votes of shareholders excluding controlling shareholder

 
                  Resolution                 For        For      Against    Against   Votes Withheld   % ISC Voted 
        (*indicates special resolution)     (No. of      (%)     (No. of      (%)         (No. of       (excluding 
                                            shares)              shares)                  shares)       withheld) 
       Re-elect Jonathan Dawson 
        as a Director of the 
 4.     Company.                          29,516,572   97.80%    663,074     2.20%          0            59.42% 
      ---------------------------------  -----------  -------  ----------  --------  ---------------  ------------ 
       Re-elect Angela Crawford-Ingle 
        as a Director of the 
 7.     Company.                          23,580,973   78.14%   6,598,674   21.86%          0            59.42% 
      ---------------------------------  -----------  -------  ----------  --------  ---------------  ------------ 
       Re-elect Robin Minter-Kemp 
        as a Director of the 
 10.    Company.                          23,226,886   77.90%   6,590,907   22.10%       361,854         58.70% 
      ---------------------------------  -----------  -------  ----------  --------  ---------------  ------------ 
 12.   Elect John Misselbrook.            24,247,703   80.34%   5,931,944   19.66%          0            59.42% 
      ---------------------------------  -----------  -------  ----------  --------  ---------------  ------------ 
 

The Board is pleased to announce that all resolutions proposed at the 2018 AGM passed. We are particularly pleased that the executive directors' reappointment resolutions received such strong shareholder support.

The Board notes the votes received against the Directors' Remuneration Report. As previously stated in our 2018 Annual Report, we plan to undertake a strategic review of executive remuneration and consult with our shareholders on a new remuneration policy in 2019.

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December 05, 2018 11:26 ET (16:26 GMT)