Robert Walters PLC Results of 2020 Annual General Meeting (7905M)

TIDMRWA

RNS Number : 7905M

Robert Walters PLC

13 May 2020

13 May 2020

ROBERT WALTERS PLC

(the 'Company' or the 'Group')

RESULTS OF 2020 ANNUAL GENERAL MEETING

The Board announces that the Annual General Meeting of the Company was held this morning. All resolutions as set out in the Notice of Meeting dated 7 April 2020 were duly passed on a show of hands. For information, the results of the proxy voting are given below:

 
 RESOLUTION                                       FOR       %  DISCRETION   %      AGAINST       %    WITHHELD 
 1. To receive the Annual 
  Report and Accounts for 
  the year ended 31 December 
  2019.                                    61,845,737   99.99           0   0        6,952    0.01     154,196 
                                          -----------  ------  ----------      -----------  ------  ---------- 
 2. To approve the Directors' 
  Remuneration Report for 
  the year ended 31 December 
  2019 (other than the part 
  containing the Directors' 
  Remuneration Policy).                    29,993,163   52.52           0   0   27,112,884   47.48   4,900,839 
                                          -----------  ------  ----------      -----------  ------  ---------- 
 3. To approve the Directors' 
  Remuneration Policy.                     60,100,257   96.93           0   0    1,903,372    3.07       3,256 
                                          -----------  ------  ----------      -----------  ------  ---------- 
 4. To re-elect Carol Hui 
  as a Director.                           62,001,891   99.99           0   0        3,751    0.01       1,244 
                                          -----------  ------  ----------      -----------  ------  ---------- 
 5. To re-elect Robert 
  Walters as a Director.                   61,849,753   99.97           0   0       16,159    0.03     140,974 
                                          -----------  ------  ----------      -----------  ------  ---------- 
 6. To re-elect Alan Bannatyne 
  as a Director.                           61,976,043   99.95           0   0       29,599    0.05       1,244 
                                          -----------  ------  ----------      -----------  ------  ---------- 
 7. To re-elect Brian McArthur-Muscroft 
  as a Director.                           55,145,562   88.94           0   0    6,860,080   11.06       1,244 
                                          -----------  ------  ----------      -----------  ------  ---------- 
 8. To re-elect Tanith 
  Dodge as a Director.                     54,629,965    88.1           0   0    7,375,677    11.9       1,244 
                                          -----------  ------  ----------      -----------  ------  ---------- 
 9. To re-elect Steven 
  Cooper as a Director.                    55,142,512   88.93           0   0    6,863,130   11.07       1,244 
                                          -----------  ------  ----------      -----------  ------  ---------- 
 10. To re-appoint BDO 
  LLP as Auditor.                          62,005,642     100           0   0            0       0       1,244 
                                          -----------  ------  ----------      -----------  ------  ---------- 
 11. To authorise the Directors 
  to fix the Auditor's remuneration.       62,005,642     100           0   0            0       0       1,244 
                                          -----------  ------  ----------      -----------  ------  ---------- 
 12. To authorise the Directors 
  to allot shares pursuant 
  to section 551 Companies 
  Act 2006.                                61,906,926   99.84           0   0       97,295    0.16       2,665 
                                          -----------  ------  ----------      -----------  ------  ---------- 
 13. To disapply section 
  561 Companies Act 2006.                  62,003,221     100           0   0            0       0       3,665 
                                          -----------  ------  ----------      -----------  ------  ---------- 
 14. To authorise the Company 
  to make purchases of its 
  own shares.                              61,856,864   99.76           0   0      146,682    0.24       3,339 
                                          -----------  ------  ----------      -----------  ------  ---------- 
 15. To call general meetings 
  other than annual general 
  meetings of the Company 
  on not less than 14 clear 
  days' notice.                            61,678,718   99.47           0   0      326,924    0.53       1,244 
                                          -----------  ------  ----------      -----------  ------  ---------- 
 

Tanith Dodge, Chairman of the Robert Walters Group Remuneration Committee, commented:

"The Group delivered record profits in 2019. We note the vote in respect of last year's remuneration report and the desire from a number of shareholders for the Group to refine disclosure levels moving forward.

The Group has been engaged in ongoing efforts to ensure there is an improved level of visibility year on year and we will strive to improve disclosure albeit also balanced against legitimate commercial concerns.

The Board will continue discussions with shareholders to ensure that views are fully understood and the Group will publish an update within six months of the Annual General Meeting.

As already announced, on 9 April, Executive Directors have taken a voluntary pay cut of 20% effective 1 April."

At the date of the meeting, there were 80,140,680 ordinary shares in issue.

A vote withheld is not a vote at law and has not been counted in the votes for and against.

In accordance with Listing Rule 9.6.2, a copy of all resolutions passed other than resolutions concerning ordinary business will shortly be submitted to the UK Listing Authority via the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

- Ends -

Further information

 
            Robert Walters Group 
             Robert Walters, Chief Executive 
             Alan Bannatyne, Chief Financial 
             Officer                                       [phone] 
            Portland Communications 
             Steffan Williams 
             Simon Hamer                                   [phone] 
 

About Robert Walters Group

The Robert Walters Group is a market-leading international specialist professional recruitment group with over 3,900 staff spanning 31 countries. We specialise in the placement of the highest calibre professionals across the disciplines of accountancy and finance, banking, engineering, HR, IT, legal, sales, marketing, secretarial and support and supply chain and procurement. Our client base ranges from the world's leading blue-chip corporates and financial services organisations through to SMEs and start-ups. The Group's outsourcing division, Resource Solutions is a market leader in recruitment process outsourcing and managed services.

www.robertwaltersgroup.com

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May 13, 2020 07:30 ET (11:30 GMT)