RNS Number : 2647V
Persimmon PLC
14 April 2016
 

 

 

14 April 2016

 

PERSIMMON PLC (THE 'COMPANY')

ANNUAL GENERAL MEETING RESULTS

 

At the Company's Annual General Meeting held on 14 April 2016 each of the resolutions set out in the Notice of Meeting dated 14 March 2016 was passed on a show of hands.  

 

For information, a breakdown of proxy votes lodged prior to the meeting is available on the Company's website at http://corporate.persimmonhomes.com/investors/shareholder-information/meeting-information and a summary is set out below:-

 


Resolution

For

% For

Against 

% Against

Total Votes               

Votes Withheld

1

Receive report and accounts

201,222,626

98.73

2,439,521

1.20

203,812,993

377,953

2

Approve Annual Report on Remuneration

186,459,219

91.35

17,504,349

8.58

204,114,816

75,699

3

Re-elect N Wrigley

200,973,502

98.77

2,339,943

1.15

203,467,850

723,096

4

Re-elect J Fairburn

201,868,102

98.88

2,123,670

1.04

204,158,436

32,511

5

Re-elect M Killoran

200,873,039

98.39

3,131,984

1.53

204,159,448

31,499

6

Re-elect D Jenkinson

200,543,185

98.23

3,447,666

1.69

204,158,880

32,067

7

Re-elect J Davie

203,116,369

99.49

883,908

0.43

204,155,869

33,678

8

Re-elect M Sears

202,987,815

99.43

1,015,216

0.50

204,157,832

33,115

9

Elect R Kentleton

203,196,608

99.53

785,186

0.38

204,156,200

34,747

10

Elect N Mills

107,131,950

52.66

96,152,930

47.26

203,458,838

732,107

11

Appoint auditor and authorise Directors to determine their remuneration

203,983,121

99.91

16,544

0.01

204,161,439

29,508

12

Authority to allot shares

195,322,282

95.94

8,100,869

3.98

203,583,633

607,314

13

Authority to disapply pre-emption rights

196,189,124

98.12

3,598,326

1.80

199,949,331

4,231,615

14

Authority to make market purchases of shares

200,439,335

98.21

3,497,993

1.71

204,097,404

83,542

15

Calling of a general meeting on not less than 14 days notice

177,914,713

87.69

24,808,714

12.23

202,884,794

1,296,151

 

 

 

 

 

 

The Board notes the significant vote against the election of Nigel Mills as a Non-Executive Director and is aware that it is as a result of a proxy advisory service recommending that Shareholders vote against his election, as they do not regard him as being independent. The Board strongly believes that Mr Mills is independent and his appointment is in line with the provisions of the UK Corporate Governance Code. He has not worked on the Company's business in the last three years and has no other business relationships which would compromise his independence.  Nevertheless given the significant minority who have voted against the resolution the Chairman intends to meet shareholders to discuss this issue with them.

 

Copies of the resolutions dealing with special business passed at the Annual General Meeting have been sent to the National Storage Mechanism and will shortly be available for inspection.

 

 

G N Francis

Group Company Secretary

 

Notes:

 

(i)             Discretionary votes representing less than 0.1% of the votes cast were also received on each resolution.

(ii)            A "vote withheld" is not a vote in law and is not counted in the total number of votes cast on a resolution or in the calculation of the percentages of the votes cast for or against a resolution.

(iii)        Resolutions 1-12 were ordinary resolutions and resolutions 13-15 were special resolutions.

(iv)           The issued share capital of the Company on 14 April 2016 was 307,681,943 ordinary shares.

 


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