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Company Announcements

Result of AGM

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By LSE RNS

RNS Number : 7405W
Barratt Developments PLC
16 November 2017
 

 

RESULTS OF THE 2017 ANNUAL GENERAL MEETING

 

Barratt Developments PLC (the "Company") held its fifty-ninth Annual General Meeting (the "AGM") on Wednesday 15th November 2017, at The Royal College of Physicians, 11 St Andrews Place, Regent's Park, London NW1 4LE.

 

All resolutions put to the meeting were voted on by way of a poll and were passed by the shareholders. The results of the poll for each such resolution are shown below:

 

Poll Results

 

 

 

Resolution

 

Votes For (including Chairman's discretionary votes)

 

 

Votes Against

 

Votes Withheld1

 

Total Votes Cast (excluding votes withheld)



No. of Shares

% of shares voted

No. of Shares

% of shares voted

No. of Shares

No. of Shares

% of issued share capital

 

1.

 

To receive and consider the auditor's report, the strategic report, and the directors' report and the accounts for the year ended 30 June 2017.

698,497,520

99.99%

79,151

0.01%

171,711

698,576,671

69.00%

 

2.

 

To approve the Directors' Remuneration Policy.

687,989,418

98.78%

8,526,959

1.22%

2,232,003

696,516,377

68.80%

 

3.

 

To approve the Directors' Remuneration Report (excluding the Directors' Remuneration Policy).

692,982,315

99.30%

4,884,670

0.70%

1,748,740

697,866,985

68.93%

 

4.

 

To declare a final dividend of 17.1 pence per ordinary share in respect of the financial year ended 30 June 2017.

699,458,908

99.98%

108,980

0.02%

47,839

699,567,888

69.10%

 

5.

 

To approve a special dividend of 17.3 pence per ordinary share.

699,458,658

99.98%

109,480

0.02%

47,589

699,568,138

69.10%

 

6.

 

To elect Mrs J E White as a director of the Company.

693,619,205

99.16%

5,872,993

0.84%

123,529

699,492,198

69.09%

 

7.

 

To re-elect Mr J M Allan as a director of the Company.

688,678,380

98.45%

10,807,434

1.55%

129,913

699,485,814

69.09%

 

8.

 

To re-elect Mr D F Thomas as a director of the Company.

694,970,353

99.36%

4,508,501

0.64%

136,873

699,478,854

69.09%

 

9.

 

To re-elect Mr S J Boyes as a director of the Company.

693,623,719

99.16%

5,857,095

0.84%

134,913

699,480,814

69.09%

 

10.

 

To re-elect Mr R J Akers as a director of the Company.

692,165,764

99.08%

6,447,888

0.92%

134,730

698,613,652

69.00%

 

11.

 

To re-elect Miss T E Bamford as a director of the Company.

695,543,739

99.56%

3,082,912

0.44%

120,981

698,626,651

69.01%

 

12.

 

To re-elect Mrs N S Bibby as a director of the Company.

695,452,795

99.55%

3,177,702

0.45%

117,885

698,630,497

69.01%

 

13.

 

To re-elect Mr J F Lennox as a director of the Company.

513,465,331

73.53%

184,848,995

26.47%

434,055

698,314,326

68.98%

 

14.

 

To re-appoint Deloitte LLP as the auditor of the Company.

684,344,712

97.96%

14,277,399

2.04%

126,270

698,622,111

69.01%

 

15.

 

To authorise the Audit Committee to fix the auditor's remuneration.

687,531,346

98.41%

11,125,070

1.59%

91,966

698,656,416

69.01%

 

16.

 

To authorise the Company to make political donations and incur political expenditure.

681,360,446

97.67%

16,277,551

2.33%

1,110,385

697,637,997

68.91%

 

17.

 

To approve the amendments to the Company's Long Term Performance Plan.

695,313,329

99.53%

3,262,187

0.47%

172,865

698,575,516

69.00%

 

18.

 

To approve the amendments to the Company's Deferred Bonus Plan.

692,527,430

99.14%

6,017,423

0.86%

203,528

698,544,853

69.00%

 

19.

 

To authorise the Board to allot shares and grant subscription/conversion rights over shares.

697,430,922

99.83%

1,189,001

0.17%

127,309

698,619,923

69.01%

 

20.

 

To authorise the Board to allot or sell ordinary shares without complying with pre-emption rights.*

698,399,397

99.85%

1,049,403

0.15%

166,177

699,448,800

69.09%

 

21.

 

To authorise the Company to make market purchases of its Ordinary Shares.*

695,594,046

99.51%

3,451,343

0.49%

570,337

699,045,389

69.05%

 

22.

 

To allow the Company to hold general meetings, other than an annual general meeting, on not less than 14 clear days' notice.*

654,289,229

93.53%

45,247,026

6.47%

78,722

699,536,255

69.10%

 

1 A vote withheld is not a vote in law.

* Indicates a special resolution requiring a 75% majority.

 

Issued share capital as at voting record date: 1,012,414,285

Number of votes per share: one

 

"We note the votes cast in respect of resolution 13 which relates to the re-election of Jock Lennox. Whilst his re-election was approved, we will discuss the concerns raised by shareholders who voted against the resolution".

 

Resolutions submitted to the National Storage Mechanism (the 'NSM')

 

We will shortly submit copies of all resolutions, other than those relating to ordinary business, passed at the meeting, (being Resolutions 17, 18, 19, 20, 21 and 22) to the NSM in accordance with Listing Rule 9.6.2.

 

These resolutions will therefore be available for inspection at: http://www.morningstar.co.uk/uk/NSM

 

The poll results will also be available shortly on the Company's website www.barrattdevelopments.co.uk.

 

For further information please contact:

 

Barratt Developments PLC

David Thomas, Chief Executive                                                         020 7299 4896

Tina Bains, Company Secretary                                                        01530 278 278

 

For media enquiries, please contact:

 

Barratt Developments PLC

Tim Collins, Head of Corporate Communications                               020 7299 4874

 

Brunswick

Jonathan Glass                                                                                  020 7396 7486

Wendel Verbeek                                                                                020 7396 5372

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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