RNS Number : 6363Y
Foxtons Group PLC
18 May 2016
 

Foxtons Group plc

(the "Company")

 

18 May 2016

 

Annual General Meeting ("AGM") Results

 

The Company announces that at its Annual General Meeting held earlier today all the resolutions set out in the Notice of Annual General Meeting were passed by the requisite majority.  Each of the resolutions put to the AGM was voted on by way of a poll. The results of the poll for each resolution were as follows:

 

Resolution

* indicates Special Resolution

For

(No. of shares)

For

(%)

Against

(No. of shares)

Against

(%)

Votes Withheld

(No. of shares)

Total issued. share capital instructed (%)

1. To receive the Annual Report and Accounts.

231,932,542

100.00

1,500

0.00

1,500

84.31

2.   To declare a final dividend.

231,935,542

100.00

0

0.00

0

84.31

3. To declare a special dividend.

231,935,542

100.00

0

0.00

0

84.31

4.   To approve the Directors' Remuneration Report.

183,576,785

79.30

47,907,719

20.70

451,038

84.14

5.   To re-elect Andrew Adcock as a Director.

231,406,639

99.77

528,903

0.23

0

84.31

6. To re-elect Ian Barlow as a Director.

231,533,388

99.83

402,154

0.17

0

84.31

7.   To re-elect Michael Brown as a Director.

230,482,889

99.37

1,452,653

0.63

0

84.31

8.   To re-elect Nicholas Budden as a Director.

230,489,712

99.38

1,445,330

0.62

500

84.31

9.   To re-elect Annette Court as a Director.

231,532,588

99.83

401,654

0.17

1,300

84.31

10.            To re-elect Gerard Nieslony as a Director.

230,427,388

99.38

1,445,330

0.62

62,824

84.29

11. To re-elect Garry Watts as a Director.

229,995,148

99.31

1,594,570

0.69

345,824

84.18

12.            To re-appoint Deloitte LLP as auditors of the Company.

231,188,264

99.68

745,978

0.32

1,300

84.31

13. To authorise the Audit Committee to determine the auditors' remuneration.

231,533,588

99.83

400,654

0.17

1,300

84.31

14.            To authorise the Company to make political donations.

231,919,371

99.99

15,671

0.01

500

84.31



 

15.To authorise the Directors to allot ordinary shares.

231,932,827

100.00

1,200

0.00

1,515

84.31

16. To disapply pre-emption rights.*

231,931,821

100.00

2,421

0.00

1,300

84.31

17.            To authorise the Company to purchase its own ordinary shares.*

231,586,918

99.85

347,324

0.15

1,300

84.31

18.            To authorise the Directors to hold general meetings on not less than 14 clear days' notice.*

219,675,047

94.71

12,260,495

5.29

0

84.31

19.            To cancel the share premium account.*

231,932,336

100.00

1,500

0.00

1,706

84.31

 

The Board has noted the votes received in respect of resolution 4 (Directors' Remuneration Report). 

 

The Remuneration Committee consulted with the majority of the Company's shareholder base regarding the remuneration policy prior to the AGM and this is reflected in the significant level of support received for the Directors' Remuneration Report.  We recognise, however, that not all shareholders have voted in support and we value their feedback.  The Remuneration Committee will continue to have a dialogue with major shareholders regarding remuneration matters ahead of the 2017 AGM when the Company's remuneration policy is next scheduled to be put to the vote.

 

*Special Resolution

 

NOTES:

 


1.

All resolutions were passed.

 

2.

Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution.

 

3.

Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.

 

4.

A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution nor in the calculation of the proportion of "Total issued share capital instructed" for any resolution.

 

5.

The number of shares in issue at 6:00 p.m. on 16 May 2016 was  275,104,391 (the "Share Capital") and at that time, the Company did not hold any shares in treasury.

 

6.

The proportion of "Total issued share capital instructed" for any resolution is the total of votes validly cast for that resolution (i.e. the total votes "For" and "Against" that resolution) expressed as a percentage of the Share Capital.

 

7.

The full text of the resolutions passed at the AGM can be found in the Notice of Annual General Meeting which is available on the Company's website at www.foxtonsgroup.co.uk.

 

8.

A copy of resolutions 16-19 passed at the AGM will shortly be submitted to the National Storage Mechanism and will be available for inspection at www.morningstar.co.uk/uk/NSM.

 

9.

The complete poll results will be available shortly on the Company's website at www.foxtonsgroup.co.uk

 

 For further information please contact:

 


Foxtons Investor Relations


Jenny Matthews

Tel: 020 7893 6484

 


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