River and Mercantile Group PLC Result of AGM (5026R)
December 09 2016 - 12:45PM
UK Regulatory
TIDMRIV
RNS Number : 5026R
River and Mercantile Group PLC
09 December 2016
River and Mercantile Group PLC
(the 'Company')
2016 Annual General Meeting ('AGM') Results
The Company announces that at its AGM held earlier today, 9
December 2016, all the resolutions set out in the Notice of AGM
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 For (No. For Against Against Votes %ISC Voted
*indicates special of shares) % (No. of (%) Withheld (excluding
resolution shares) (No. of withheld)
shares)
--------------------------- ------------ ------- ----------- -------- ---------- ------------
1. To receive
the annual report
and accounts for
the year ended
30 June 2016 together
with the report
of the auditors
thereon. 71,538,913 100% 0 0 0 87.14%
--------------------------- ------------ ------- ----------- -------- ---------- ------------
2. To approve
the Directors'
report on remuneration
for the year ended
30 June 2016 as
set out in the
Annual Report
and Accounts 2016. 60,978,179 85.24% 10,560,734 14.76% 0 87.14%
--------------------------- ------------ ------- ----------- -------- ---------- ------------
3. To approve
the payment of
a final dividend
of 2.5 pence per
ordinary share
for the financial
year ended 30
June 2016. 71,038,913 99.30% 500,000 0.70% 0 87.14%
--------------------------- ------------ ------- ----------- -------- ---------- ------------
4. Re-elect Paul
Bradshaw as a
Director of the
Company with controlling
shareholders vote. 71,538,913 100% 0 0 0 87.14%
--------------------------- ------------ ------- ----------- -------- ---------- ------------
5. Re-elect James
Barham as a Director
of the Company. 71,038,913 99.30% 500,000 0.70% 0 87.14%
--------------------------- ------------ ------- ----------- -------- ---------- ------------
6. Re-elect Jack
Berry as a Director
of the Company. 68,828,294 99.28% 500,000 0.72% 2,210,619 84.45%
--------------------------- ------------ ------- ----------- -------- ---------- ------------
7. Re-elect Angela
Crawford-Ingle
as a Director
of the Company
with controlling
shareholders vote. 71,538,913 100% 0 0 0 87.14%
--------------------------- ------------ ------- ----------- -------- ---------- ------------
8. Re-elect Mike
Faulkner as a
Director of the
Company. 71,538,913 100% 0 0 0 87.14%
--------------------------- ------------ ------- ----------- -------- ---------- ------------
9. Re-elect Kevin
Hayes as a Director
of the Company. 71,538,913 100% 0 0 0 87.14%
--------------------------- ------------ ------- ----------- -------- ---------- ------------
10.Re-elect Robin
Minter-Kemp as
a Director of
the Company with
controlling shareholders
vote. 71,038,913 100% 0 0 500,000 86.53%
--------------------------- ------------ ------- ----------- -------- ---------- ------------
11. Re-elect Jonathan
Punter as a Director
of the Company. 71,344,645 99.73% 194,268 0.27% 0 87.14%
--------------------------- ------------ ------- ----------- -------- ---------- ------------
12. Re-elect Peter
Warry as a Director
of the Company
with controlling
shareholders vote. 71,538,913 100% 0 0 0 87.14%
--------------------------- ------------ ------- ----------- -------- ---------- ------------
13. To reappoint
BDO LLP as auditors
to the Company,
to hold office
until the conclusion
of the next general
meeting at which
accounts are laid
before the shareholders. 71,344,645 100% 0 0 194,268 86.90%
--------------------------- ------------ ------- ----------- -------- ---------- ------------
14. To authorise
the Board to set
the remuneration
of the auditors. 71,538,913 100% 0 0 0 87.14%
--------------------------- ------------ ------- ----------- -------- ---------- ------------
15. To authorise
the Board to allot
securities. 71,538,913 100% 0 0 0 87.14%
--------------------------- ------------ ------- ----------- -------- ---------- ------------
16. To authorise
the Board to incur
political expenditure
not exceeding
GBP50,000 during
the period beginning
on the date on
which this resolution
is passed and
ending on 8 March
2018 or if sooner,
the end of the
next AGM of the
Company. 39,228,786 54.84% 32,310,127 45.16% 0 87.14%
--------------------------- ------------ ------- ----------- -------- ---------- ------------
17. The aggregate
annual sum of
fees paid to the
Directors be increased
from GBP302,500
to the limit of
GBP450,000. 65,346,827 91.34% 6,192,086 8.66% 0 87.14%
--------------------------- ------------ ------- ----------- -------- ---------- ------------
18. To authorise
the Board to disapply
pre-emption rights.* 70,725,375 98.86% 813,538 1.14% 0 87.14%
--------------------------- ------------ ------- ----------- -------- ---------- ------------
19. In addition
to the authority
in Resolution
18, to authorise
the Board to disapply
pre-emption rights
for the purpose
of financing a
transaction which
is an acquisition
or capital investment.* 70,531,107 98.59% 1,007,806 1.41% 0 87.14%
--------------------------- ------------ ------- ----------- -------- ---------- ------------
20. To authorise
the Board to call
a general meeting
of the Company
(other than an
AGM) on not less
than 14 clear
days' notice.* 66,290,723 92.66% 5,248,190 7.34% 0 87.14%
--------------------------- ------------ ------- ----------- -------- ---------- ------------
Votes of shareholders excluding controlling shareholder
Resolution For (No. For % Against Against Votes %ISC Voted
*indicates special of shares) (No. of (%) Withheld (excluding
resolution shares) (No. of withheld)
shares)
--------------------- ------------ ------ --------- -------- ---------- ------------
4. Re-elect Paul
Bradshaw as a
Director of the
Company. 40,236,592 100% 0 0 0 79.22%
--------------------- ------------ ------ --------- -------- ---------- ------------
7. Re-elect Angela
Crawford-Ingle
as a Director
of the Company. 40,236,592 100% 0 0 0 79.22%
--------------------- ------------ ------ --------- -------- ---------- ------------
10. Re-elect
Robin Minter-Kemp
as a Director
of the Company. 39,736,592 100% 0 0 500,000 78.23%
--------------------- ------------ ------ --------- -------- ---------- ------------
12. Re-elect
Peter Warry as
a Director of
the Company. 40,236,592 100% 0 0 0 79.22%
--------------------- ------------ ------ --------- -------- ---------- ------------
The Board has noted the votes received in respect of Resolution
2 (Directors' Remuneration Report). The Remuneration Committee
recognises that, while a significant level of support has been
received for the Directors' Remuneration Report, not all
shareholders have voted in support and we value their feedback. The
Remuneration Committee will consider the feedback provided and will
engage in 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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