Workspace Group PLC Result of AGM (6237U)

TIDMWKP

RNS Number : 6237U

Workspace Group PLC

13 July 2018

13 July 2018

WORKSPACE(R) GROUP PLC

RESULTS OF ANNUAL GENERAL MEETING

Workspace Group PLC (the "Company") announces that resolutions 1 to 14 and resolutions 17 and 18 set out in the notice of Annual General Meeting dated 11 June 2018 were duly passed on a poll at today's Annual General Meeting.

Details of the votes cast were as follows:

 
             Resolution          For (including      %       Against       %        Total       % of    Withheld* 
                                  discretionary)                                                 ISC 
                                                                                                voted 
       Receive and adopt 
  1.    2018 Annual Report         159,997,379     98.16    2,991,147    1.84    162,988,526   90.37%    127,957 
      ------------------------  ----------------  -------  -----------  ------  ------------  -------  ---------- 
       Approve Annual 
  2.    report on remuneration     161,725,502     99.27    1,192,808    0.73    162,918,310   90.33%    198,173 
      ------------------------  ----------------  -------  -----------  ------  ------------  -------  ---------- 
       Declare final 
        dividend of 18.55p 
        per ordinary 
  3.    share                      162,994,361     100.00       0        0.00    162,994,361   90.37%    122,123 
      ------------------------  ----------------  -------  -----------  ------  ------------  -------  ---------- 
  4.   Re-Elect Mr Kitchen           122,123       94.52    8,612,883    5.48    157,189,446   87.15%   5,927,036 
      ------------------------  ----------------  -------  -----------  ------  ------------  -------  ---------- 
  5.   Re-Elect Mr Hopkins         162,845,017     99.91     142,266     0.09    162,987,283   90.37%    129,201 
      ------------------------  ----------------  -------  -----------  ------  ------------  -------  ---------- 
  6.   Re-Elect Mr Clemett         161,989,279     99.39     996,437     0.61    162,985,716   90.37%    130,768 
      ------------------------  ----------------  -------  -----------  ------  ------------  -------  ---------- 
  7.   Re-Elect Dr Moloney         162,748,842     99.86     233,441     0.14    162,982,283   90.36%    134,201 
      ------------------------  ----------------  -------  -----------  ------  ------------  -------  ---------- 
  8.   Re-Elect Mr Girling         162,756,019     99.86     225,947     0.14    162,981,966   90.36%    134,518 
      ------------------------  ----------------  -------  -----------  ------  ------------  -------  ---------- 
  9.   Re-Elect Mr Russell         162,756,019     99.86     226,264     0.14    162,982,283   90.36%    134,201 
      ------------------------  ----------------  -------  -----------  ------  ------------  -------  ---------- 
 10.   Re-elect Mr Hubbard         162,729,316     99.86     225,947     0.14    162,955,263   90.35%    134,201 
      ------------------------  ----------------  -------  -----------  ------  ------------  -------  ---------- 
       Re- appoint KPMG 
 11.    LLP as auditor             162,960,328     100.00     5,085      0.00    162,965,413   90.35%    124,051 
      ------------------------  ----------------  -------  -----------  ------  ------------  -------  ---------- 
       Authorise the 
        Board to set 
        the auditor's 
 12.    remuneration               162,891,113     100.00      942       0.00    162,892,055   90.31%    197,409 
      ------------------------  ----------------  -------  -----------  ------  ------------  -------  ---------- 
       Authorise allotment 
 13.    of equity securities       160,753,049     98.64    2,209,964    1.36    162,963,013   90.35%    126,451 
      ------------------------  ----------------  -------  -----------  ------  ------------  -------  ---------- 
       Authorise political 
 14.    donations                  112,275,229     68.88    50,716,059   31.12   162,991,288   90.37%    125,196 
      ------------------------  ----------------  -------  -----------  ------  ------------  -------  ---------- 
       Disapplication 
        of pre-emption 
 15.    rights**                   104,454,984     64.22    58,191,104   35.78   162,646,088   90.18%    470,394 
      ------------------------  ----------------  -------  -----------  ------  ------------  -------  ---------- 
       Disapplication 
        of pre-emption 
        rights in connection 
        with an acquisition 
        or a specified 
 16.    capital investment**       94,668,556      58.21    67,977,532   41.79   162,646,088   90.18%    470,394 
      ------------------------  ----------------  -------  -----------  ------  ------------  -------  ---------- 
       Authorise the 
        Company to purchase 
        its ordinary 
 17.    shares**                   162,829,221     99.96      72,052     0.04    162,901,273   90.32%    215,210 
      ------------------------  ----------------  -------  -----------  ------  ------------  -------  ---------- 
       Authorise calling 
        general meetings 
        on 14 clear days' 
 18.    notice**                   159,427,970     97.81    3,566,006    2.19    162,993,976   90.37%    122,508 
      ------------------------  ----------------  -------  -----------  ------  ------------  -------  ---------- 
 

Notes:

* A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "For" or "Against" a resolution.

** Indicates special resolutions requiring a 75% majority.

The Company notes that a significant number of votes have been cast against resolutions 14, 15 and 16. In the case of resolutions 15 and 16, these votes will prevent the resolutions from being passed, as these resolutions are special resolutions requiring at least 75% of all votes cast by shareholders to be in favour of them in order to pass. The Company is disappointed by this outcome, as these resolutions are considered routine for UK listed companies and would have renewed the disapplication authorities granted at the Company's previous Annual General Meeting. The Company will continue to engage with shareholders in order to fully understand their views and explain why it considers these resolutions are in shareholders' best interests as a whole.

Copies of the resolutions passed at the AGM, other than those concerning ordinary business, will be submitted to the UK Listing Authority and will in due course be available for inspection at www.morningstar.co.uk/uk/NSM

Details of the votes received on the resolutions are available on the Company's website at www.workspace.co.uk.

For further information, please contact:

Workspace Group PLC 020 7138 3300

Carmelina Carfora, Company Secretary

Clare Marland, Head of Corporate Communications

Notes to Editors

About Workspace Group PLC:

Workspace is geared towards helping businesses perform at their very best. The Workspace Advantage is our unique customer offer and is open to all - we provide inspiring, flexible work spaces with super-fast technology in dynamic London locations.

Established in 1987, and listed on the London Stock Exchange since 1993, Workspace owns and manages 3.6 million sq. ft. of business space across 63 London properties. We are home to thousands of businesses including some of London's fastest growing and established brands across a wide range of sectors.

The way businesses work is changing. That's why we continually invest in providing the technology infrastructure that enables our customers to think and move fast, and alongside their working environment, is tailored to each individual business.

Workspace (WKP) is a FTSE 250 listed Real Estate Investment Trust and a member of the European Public Real Estate Association.

Workspace(R) is a registered trade mark of Workspace Group Plc, London, UK.

LEI: 2138003GUZRFIN3UT430

For more information on Workspace, please visit www.workspace.co.uk

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.

END

RAGRJMBTMBBBBFP

(END) Dow Jones Newswires

July 13, 2018 07:18 ET (11:18 GMT)