01:59 Thu 10 Nov 2016
Redrow PLC - Result of AGM
Result of AGM
RESOLUTION |
VOTES |
% |
VOTES AGAINST |
% |
VOTES |
% of ISC VOTED |
VOTES WITHHELD |
1 |
322,981,686 |
100.00 |
4,740 |
0.00 |
322,986,426 |
87.34% |
26,083 |
2 |
323,036,399 |
100.00 |
612 |
0.00 |
323,037,011 |
87.35% |
498 |
3 |
319,095,143 |
99.11 |
2,851,981 |
0.89 |
321,947,124 |
87.06% |
1,090,384 |
4 |
322,535,943 |
99.85 |
494,888 |
0.15 |
323,030,831 |
87.35% |
6,678 |
5 |
322,243,639 |
99.76 |
787,363 |
0.24 |
323,031,002 |
87.35% |
5,907 |
6 |
316,371,037 |
97.94 |
6,661,957 |
2.06 |
323,032,994 |
87.35% |
4,515 |
6* |
166,984,992 |
96.16 |
6,661,957 |
3.84 |
173,646,949 |
78.78% |
4,515 |
7 |
322,852,457 |
99.94 |
179,662 |
0.06 |
323,032,119 |
87.35% |
5,390 |
7* |
173,466,412 |
99.90 |
179,662 |
0.10 |
173,646,074 |
78.78% |
5,390 |
8 |
322,737,025 |
99.96 |
122,470 |
0.04 |
322,859,495 |
87.31% |
8,919 |
8* |
173,350,980 |
99.93 |
122,470 |
0.07 |
173,473,450 |
78.70% |
8,919 |
9 |
322,887,028 |
99.96 |
128,081 |
0.04 |
323,015,109 |
87.35% |
21,436 |
9* |
173,500,983 |
99.93 |
128,081 |
0.07 |
173,629,064 |
78.77% |
21,436 |
10 |
320,332,646 |
99.17 |
2,693,549 |
0.83 |
323,026,195 |
87.35% |
10,739 |
11 |
322,995,896 |
99.99 |
27,209 |
0.01 |
323,023,105 |
87.35% |
13,970 |
12 |
319,777,364 |
99.78 |
704,392 |
0.22 |
320,481,756 |
86.66% |
2,555,752 |
13 |
322,148,972 |
99.73 |
866,139 |
0.27 |
323,015,111 |
87.35% |
22,398 |
14** |
91,680,018 |
61.69 |
56,932,011 |
38.31 |
148,612,029 |
40.19% |
25,038,860 |
15 |
319,951,192 |
99.05 |
3,063,926 |
0.95 |
323,015,118 |
87.35% |
22,391 |
16 |
317,374,718 |
98.25 |
5,641,735 |
1.75 |
323,016,453 |
87.35% |
21,055 |
17 |
321,308,147 |
99.47 |
1,717,973 |
0.53 |
323,026,120 |
87.35% |
11,388 |
18 |
314,865,962 |
97.48 |
8,146,706 |
2.52 |
323,012,668 |
87.35% |
24,840 |
N.B Percentage of Votes cast excludes Withheld Votes and percentages are calculated to two decimal places
* Following changes to the Listing Rules which took effect in
** Resolution 14 was put to the AGM as a resolution of the independent shareholders of the Company. As a result, 220,413,893 of the ordinary shares in issue were eligible to vote on this Resolution, these shares not being held by
*** ISC = Issued Share Capital
The payment date of the dividend approved by Resolution 2 will be
The Board notes that Resolution 14 relating to the approval of the terms of the Waiver (as defined in the Notice of AGM), received a vote of 61.69% in favour. The Board values and respects the views of shareholders. The Board has already consulted with a number of shareholders and proxy advisor bodies prior to the AGM to discuss their concerns relating to the Waiver. The Board continues to take its responsibility to engage with shareholders seriously and will assess the feedback it has received to inform future consultations.
Assuming: (i) full use by the Company of the authority to buy back ordinary shares granted under Resolution 17; (ii) no participation or other sales of interests in ordinary shares by any Significant Shareholder in connection with any share repurchases or otherwise; and (iii) no other person exercising any options or any other rights to subscribe for ordinary shares, the Significant Shareholders' maximum potential interest in the ordinary shares would be as set out in the following table:
Significant Shareholders' interests in ordinary shares on |
Number of ordinary shares in issue on |
Significant Shareholders' maximum potential interests in ordinary shares |
149,386,045 (40.40%) |
369,799,938 |
149,386,045 (44.88%) |
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