Watkin Jones plc Result of AGM (9539C)

TIDMWJG

RNS Number : 9539C

Watkin Jones plc

13 February 2020

 
For immediate release  13 February 2020 
 

Watkin Jones plc

('Watkin Jones' or the 'Company')

Result of AGM

Watkin Jones plc (AIM:WJG), the UK's leading developer and manager of residential for rent, with a focus on the student accommodation and Build to Rent sectors, announces that at the Company's Annual General Meeting held earlier today in London, all resolutions put to shareholders were duly passed.

A breakdown of proxy votes lodged prior to and votes received at the meeting for each resolution is set out below and will also be made available on the Company's website: www.watkinjonesplc.com

 
      For                           For         %       Against       %      Withheld 
      Receive the 
       Directors' 
       report and 
 1     financial statements     162,263,133   100.00     2,200      0.00     113,572 
     ------------------------  ------------  -------  -----------  ------  ----------- 
      Declare a final 
       dividend of 
       5.6 pence per 
 2     ordinary share           162,378,905   100.00       0        0.00        0 
     ------------------------  ------------  -------  -----------  ------  ----------- 
      Approve the 
       Directors' 
       remuneration 
 3     report                   162,286,993   99.97      43,365     0.03      48,547 
     ------------------------  ------------  -------  -----------  ------  ----------- 
      Re-elect Grenville 
       Turner as a 
 4     Director                 161,803,515   99.65     572,728     0.35      2,662 
     ------------------------  ------------  -------  -----------  ------  ----------- 
      Re-elect Richard 
       Simpson as 
 5     a Director               162,183,826   99.88     192,417     0.12      2,662 
     ------------------------  ------------  -------  -----------  ------  ----------- 
      Re-elect Philip 
       Byrom as a 
 6     Director                 162,162,526   99.87     213,717     0.13      2,662 
     ------------------------  ------------  -------  -----------  ------  ----------- 
      Re-elect Simon 
       Laffin as a 
 7     Director                 159,467,713   98.21    2,908,530    1.79      2,662 
     ------------------------  ------------  -------  -----------  ------  ----------- 
      Re-elect Liz 
       Reilly as a 
 8     Director                 161,804,536   99.65     571,707     0.35      2,662 
     ------------------------  ------------  -------  -----------  ------  ----------- 
      Re-appoint 
       Ernst & Young 
 9     LLP as auditor           162,201,460   99.89     177,241     0.11       204 
     ------------------------  ------------  -------  -----------  ------  ----------- 
      Authorise the 
       Directors to 
       agree the remuneration 
 10    of the auditor           162,374,101   100.00     2,404      0.00      2,400 
     ------------------------  ------------  -------  -----------  ------  ----------- 
      Authorise the 
       Directors to 
 11    allot shares             161,965,910   99.75     411,720     0.25      1,275 
     ------------------------  ------------  -------  -----------  ------  ----------- 
      Standard 5% 
       disapplication 
       of statutory 
       pre-emption 
 12    rights                   161,449,303   99.43     921,724     0.57      7,878 
     ------------------------  ------------  -------  -----------  ------  ----------- 
      Additional 
       5% disapplication 
       of statutory 
       pre-emption 
 13    rights                   143,430,866   88.34    18,939,957   11.66     8,082 
     ------------------------  ------------  -------  -----------  ------  ----------- 
      Approve the 
       purchase and 
       cancellation 
       of up to 10% 
       of the issued 
       ordinary share 
 14    capital                  138,237,509   99.88     159,893     0.12    23,981,503 
     ------------------------  ------------  -------  -----------  ------  ----------- 
      Allow meetings 
       other than 
       annual general 
       meetings to 
       be called on 
       not less than 
       14 clear days' 
 15    notice                   161,587,666   99.52     786,645     0.48      4,594 
     ------------------------  ------------  -------  -----------  ------  ----------- 
 

- Ends -

For further information:

 
Watkin Jones plc 
Richard Simpson, Chief Executive                      Tel: [phone] 
 Officer 
Phil Byrom, Chief Financial Officer                      www.watkinjonesplc.com 
 
Peel Hunt LLP (Nominated Adviser & Joint Corporate         Tel: [phone] 
 Broker)                                                                   8900 
Mike Bell / Ed Allsopp                                         www.peelhunt.com 
 
Jefferies Hoare Govett (Joint Corporate Broker)            Tel: [phone] 
                                                                           8000 
Max Jones / Will Soutar                                       www.jefferies.com 
 
 

Media enquiries:

 
Buchanan 
Henry Harrison-Topham / Richard Oldworth   Tel: [phone] 
 Jamie Hooper / Steph Watson 
[e-mail]                      www.buchanan.uk.com 
 

Notes to Editors

Watkin Jones is the UK's leading developer and manager of residential for rent, with a focus on the student accommodation and Build to Rent sectors. The Group has strong relationships with institutional investors, and a reputation for successful, on-time-delivery of high quality developments. Since 1999, Watkin Jones has delivered 41,000 student beds across 123 sites, making it a key player and leader in the UK purpose built student accommodation market. In addition, the Fresh Property Group, the Group's specialist accommodation management company, manages nearly 18,000 student beds and Build to Rent apartments on behalf of its institutional clients. Watkin Jones has also been responsible for over 80 residential developments, ranging from starter homes to executive housing and apartments. The Group is now expanding its operations into the Build to Rent sector.

The Group's competitive advantage lies in its experienced management team and business model, which enables it to offer an end-to-end solution for investors, delivered entirely in-house with minimal reliance on third parties, across the entire life cycle of an asset.

Watkin Jones was admitted to trading on AIM in March 2016 with the ticker WJG.L. For additional information please visit: www.watkinjonesplc.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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February 13, 2020 08:31 ET (13:31 GMT)