Shaftesbury PLC Result of AGM (4922E)

TIDMSHB

RNS Number : 4922E

Shaftesbury PLC

09 February 2018

Shaftesbury PLC

Results of AGM

At the Shaftesbury PLC (the "Company") Annual General Meeting held today, 9 February 2018, the resolutions set out below (with the exception of resolutions 17 and 18) were passed by Shareholders voting on a poll;

 
 Resolution                          For        Against     Withheld       Total 
------------------------------  ------------  -----------  ----------  ------------ 
 1. To receive the 
  accounts for the year 
  ended 30 September 
  2017, and the reports 
  of the directors and 
  auditors and the Strategic 
  report                         205,461,702   130,000      9,429       205,591,702 
------------------------------  ------------  -----------  ----------  ------------ 
 2. To approve the 
  Annual Remuneration 
  Report for the year 
  ended 30 September 
  2017                           195,395,694   9,126,268    1,079,168   204,521,962 
------------------------------  ------------  -----------  ----------  ------------ 
 3. To declare a final 
  dividend                       205,040,533   330,000      230,598     205,370,533 
------------------------------  ------------  -----------  ----------  ------------ 
 4. To elect Richard 
  Akers as a director            204,941,927   652,585      6,619       205,594,512 
------------------------------  ------------  -----------  ----------  ------------ 
 5. To re-elect Jonathan 
  Nicholls as a director         204,291,064   1,305,448    4,619       205,596,512 
------------------------------  ------------  -----------  ----------  ------------ 
 6. To re-elect Brian 
  Bickell as a director          204,635,038   963,971      2,122       205,599,009 
------------------------------  ------------  -----------  ----------  ------------ 
 7. To re-elect Simon 
  Quayle as a director           204,602,334   994,178      4,619       205,596,512 
------------------------------  ------------  -----------  ----------  ------------ 
 8. To re-elect Thomas 
  Welton as a director           204,602,334   994,178      4,619       205,596,512 
------------------------------  ------------  -----------  ----------  ------------ 
 9. To re-elect Christopher 
  Ward as a director             204,561,331   1,035,181    4,619       205,596,512 
------------------------------  ------------  -----------  ----------  ------------ 
 10. To re-elect Jill 
  Little as a director           205,159,637   436,875      4,619       205,596,512 
------------------------------  ------------  -----------  ----------  ------------ 
 11. To re-elect Dermot 
  Mathias as a director          204,834,637   761,875      4,619       205,596,512 
------------------------------  ------------  -----------  ----------  ------------ 
 12. To re-elect Hilary 
  Riva as a director             205,159,411   437,101      4,619       205,596,512 
------------------------------  ------------  -----------  ----------  ------------ 
 13. To re-elect Sally 
  Walden as a director           204,537,800   459,444      603,887     204,997,244 
------------------------------  ------------  -----------  ----------  ------------ 
 14. To re-appoint 
  Ernst & Young as auditors      205,361,254   237,149      2,728       205,598,403 
------------------------------  ------------  -----------  ----------  ------------ 
 15. To authorise the 
  directors to agree 
  the remuneration of 
  the auditors                   205,244,415   353,988      2,728       205,598,403 
------------------------------  ------------  -----------  ----------  ------------ 
 16. To authorise the 
  directors to allot 
  shares                         198,315,173   84,166,768   3,741       282,481,941 
------------------------------  ------------  -----------  ----------  ------------ 
 17. To grant the directors 
  authority to disapply 
  pre-emption rights 
  (Special Resolution)           204,131,857   77,315,548   1,038,277   281,447,405 
------------------------------  ------------  -----------  ----------  ------------ 
 18. To grant the directors 
  authority to disapply 
  pre-emption rights 
  for an additional 
  5% only in connection 
  with an acquisition 
  or specified investment 
  (Special Resolution)           201,126,394   80,321,996   1,037,291   281,448,390 
------------------------------  ------------  -----------  ----------  ------------ 
 19. To authorise market 
  purchases of the Company's 
  shares (Special Resolution)    204,124,461   1,388,388    88,281      205,512,849 
------------------------------  ------------  -----------  ----------  ------------ 
 20. To call a general 
  meeting, other than 
  an annual general 
  meeting, on not less 
  than 14 clear days' 
  notice (Special Resolution)    196,997,897   8,587,584    15,650      205,585,481 
------------------------------  ------------  -----------  ----------  ------------ 
 

Notes

   1.   Percentage of shares voted: 91.93% (Number of shares in issue 307,290,263) 

2. Vote withheld is not a vote in law and will not be counted in the calculation of the proportion of votes for and against a resolution.

3. Shaftesbury announced on 30 January 2018 that Mr Samuel Tak Lee, the ultimate beneficial owner of 25.02 per cent of the issued share capital of the Company, had notified the Company of his intention to vote against resolutions 16, 17 and 18 together with his reasons for doing so. As required by law, the Company circulated its response to Mr Lee's statement together with a copy of it to shareholders on 1 February 2018. At the Annual General Meeting Mr Lee, among others, voted against these resolutions. Resolution 16 was approved by shareholders but resolutions 17 and 18 were not carried.

Commenting on the results, Jonathan Nicholls, Chairman, said:

"Following the successful placing in December 2017, currently the Board does not anticipate the need to raise further equity for some time. Continuing investment in our portfolio will be funded using the remaining proceeds of the recent placing, existing, committed debt facilities and any new facilities which may be arranged in the future. The need to maintain a prudent balance between debt and equity, appropriate for a UK-listed company, is kept under constant review by the Board."

Penny Thomas

Company Secretary

020 7333 8118

9 February 2018

This information is provided by RNS

The company news service from the London Stock Exchange

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February 09, 2018 10:07 ET (15:07 GMT)