Ashmore Group PLC 2019 AGM voting result update statement (9702I)
April 06 2020 - 12:44PM
UK Regulatory
TIDMASHM
RNS Number : 9702I
Ashmore Group PLC
06 April 2020
Ashmore Group plc (the "Company")
Update on 2019 AGM voting result
At the Company's Annual General Meeting (AGM), held on 18
October 2019, all resolutions were passed. The voting results
recorded an increase in shareholder support for the Remuneration
Report by comparison to the 2018 AGM. However, the vote of
independent shareholders against the re-election of the Chair of
the Remuneration Committee was 21.87% and the Company announced
that it would be continuing its dialogue with shareholders in order
to understand their views.
In accordance with the UK Corporate Governance Code, the Company
is required to provide an update, no later than six months after
the shareholder meeting, on the views received from shareholders
and the actions it has taken.
Following the AGM, the Company undertook further engagement with
its shareholders. While there is broad based support for Ashmore's
flexible and equity-orientated Group-wide remuneration policy,
certain corporate governance teams remain opposed to specific
elements of the remuneration policy that, when looked at in
isolation, do not conform to generic executive compensation
guidelines. The Company continues to maintain a dialogue with its
shareholders in relation to all aspects of its remuneration
arrangements and a final update will be provided in the 2020 Annual
Report.
Enquiries to:
Ashmore Group plc
Paul Measday
Investor Relations +44 (0)20 3077 6278
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END
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