SEGRO PLC Result of AGM (6683W)

TIDMSGRO

RNS Number : 6683W

SEGRO PLC

18 April 2019

18 April 2019

SEGRO plc (the Company)

Results of Annual General Meeting

A poll was held on each of the resolutions proposed at the Annual General Meeting (AGM) held earlier today. All resolutions were passed and the results are as follows:

 
                          Resolution                                        For                 Against      Withheld 
                                                                  (including discretionary) 
 1. To receive the financial statements and the reports of the 
  Directors and the auditor.                                                    859,236,914        12,603    2,990,809 
                                                                ---------------------------  ------------  ----------- 
 2. To declare a final dividend of 13.25 pence per ordinary 
  share.                                                                        857,199,398     2,992,289    2,048,639 
                                                                ---------------------------  ------------  ----------- 
 3. To approve the Directors' Remuneration Report.                              437,531,605   383,403,396   41,305,324 
                                                                ---------------------------  ------------  ----------- 
 4. To approve the Directors' Remuneration Policy.                              713,030,591   146,916,256    2,293,478 
                                                                ---------------------------  ------------  ----------- 
 5. To re-elect Gerald Corbett as Director.                                     856,080,640     4,069,915    2,089,770 
                                                                ---------------------------  ------------  ----------- 
 6. To re-elect Soumen Das as a Director.                                       852,988,835     7,164,011    2,087,480 
                                                                ---------------------------  ------------  ----------- 
 7. To re-elect Carol Fairweather as a Director.                                858,081,219     2,056,120    2,102,987 
                                                                ---------------------------  ------------  ----------- 
 8. To re-elect Christopher Fisher as a Director.                               719,737,810   140,375,501    2,127,014 
                                                                ---------------------------  ------------  ----------- 
 9. To re-elect Andy Gulliford as a Director.                                   855,959,083     4,184,260    2,096,983 
                                                                ---------------------------  ------------  ----------- 
 10. To re-elect Martin Moore as a Director.                                    721,720,051   138,413,404    2,106,870 
                                                                ---------------------------  ------------  ----------- 
 11. To re-elect Phil Redding as a Director.                                    853,430,624     6,713,589    2,096,113 
                                                                ---------------------------  ------------  ----------- 
 12. To re-elect David Sleath as a Director.                                    857,313,361     2,829,663    2,097,302 
                                                                ---------------------------  ------------  ----------- 
 13. To re-elect Doug Webb as a Director.                                       750,966,758   109,167,538    2,106,030 
                                                                ---------------------------  ------------  ----------- 
 14. To elect Mary Barnard as a Director.                                       860,092,009        43,125    2,105,192 
                                                                ---------------------------  ------------  ----------- 
 15. To elect Sue Clayton as a Director.                                        827,125,396    32,998,902    2,116,028 
                                                                ---------------------------  ------------  ----------- 
 16. To re-appoint PricewaterhouseCoopers LLP as auditor of 
  the Company.                                                                  854,971,192     5,189,978    2,079,156 
                                                                ---------------------------  ------------  ----------- 
 17. To authorise the Audit Committee to determine the 
  remuneration of the auditor.                                                  824,423,953    35,741,707    2,074,665 
                                                                ---------------------------  ------------  ----------- 
 18. To authorise political donations under the Companies Act 
  2006.                                                                         852,477,193     3,879,033    5,884,100 
                                                                ---------------------------  ------------  ----------- 
 19. To confer on the Directors the general authority to allot 
  shares.                                                                       856,412,317     3,741,637    2,086,372 
                                                                ---------------------------  ------------  ----------- 
 20. To disapply statutory pre-emption rights relating to 
  ordinary shares allotted under the 
  authority granted by resolution 19.*                                          858,249,377     1,818,978    2,171,971 
                                                                ---------------------------  ------------  ----------- 
 21. To disapply pre-emption rights in connection with an 
  acquisition or specified capital 
  investment.*                                                                  839,745,001    20,314,975    2,180,349 
                                                                ---------------------------  ------------  ----------- 
 22. To authorise the Company to purchase its own shares.*                      851,780,734     7,562,044    2,897,547 
                                                                ---------------------------  ------------  ----------- 
 23. To enable a general meeting other than an AGM on not less 
  than 14 clear days' notice.*                                                  724,150,580   132,400,153    5,689,593 
                                                                ---------------------------  ------------  ----------- 
 24. To amend the rules of the SEGRO plc Long Term Incentive 
  Plan.                                                                         721,327,690   138,594,522    2,318,113 
                                                                ---------------------------  ------------  ----------- 
 

* indicates a special resolution

The number of shares in issue as at the date of this announcement is 1,084,534,002.

A copy of the resolutions passed as special business at today's AGM will, in accordance with Listing Rule 9.6.2., be submitted to the National Storage Mechanism.

As set out in the 2018 Annual Report, and following an extensive consultation with the Company's larger shareholders, the Remuneration Committee proposed a package of measures with the aim of ensuring that the Executive Directors remuneration arrangements properly served the best interests of the Company and its shareholders. Whilst the new Remuneration Policy and amendments to the Long Term Incentive Plan were passed with over 80 per cent of votes in favour, the Directors note that the Remuneration Report was approved but with a significant minority of votes against. In these circumstances, the Remuneration Committee will continue to engage with shareholders to ensure their views are fully understood and considered.

Stephanie Murton

Legal Counsel

020 7451 9083

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April 18, 2019 10:30 ET (14:30 GMT)