Our Annual General Meeting on 12 January 2021
At the Company’s Annual General Meeting, which took place on 12 January 2021 at the Company’s registered office at Old Croft, Stanwix, Carlisle CA3 9BA, all resolutions were put to the meeting and approved by shareholders on a poll.
Due to Government measures taken in response to the COVID-19 pandemic, the AGM was held as a closed meeting. Shareholders were encouraged to vote by proxy, and to submit any questions in advance of the meeting by email. A copy of the notice of meeting can be found here.
The results of the poll on each of the resolutions were as follows:
|Resolution||Number of votes for||% of votes for||Number of votes against||% of votes against||Number of votes withheld||Total votes cast|
|1. Receive Annual Report and Accounts||48,332,849||99.97||14,694||0.03||0||48,347,543|
|2. Declare final dividend||48,347,544||100.00||0||0||0||48,347,544|
|3. Re-elect Peter Page||47,113,046||97.46||1,226,513||2.54||7,984||48,347,543|
|4. Elect Hugh Pelham||48,263,640||99.86||67,270||0.14||16,634||48,347,544|
|5. Re-elect Neil Austin||48,303,596||99.93||35,964||0.07||7,984||48,347,544|
|6. Re-elect Alistair Wannop||47,016,481||97.26||1,323,079||2.74||7,984||48,347,544|
|7. Re-elect John Worby||47,120,347||97.48||1,219,213||2.52||7,984||48,347,544|
|8. Re-elect Ian Wood||47,109,473||97.46||1,230,087||2.54||7,984||48,347,544|
|9. Elect Kristen Eshak Weldon||48,243,856||99.81||93,411||0.19||10,277||48,347,544|
|10. Re-appoint KPMG LLP as Auditor||48,145,735||99.62||184,688||0.38||17,121||48,347,544|
|11. Authorise remuneration of Auditor||48,300,748||99.92||38,339||0.08||8,457||48,347,544|
|12. Approve Remuneration Policy||48,147,902||99.67||160,664||0.33||38,977||48,347,543|
|13. Approve Remuneration Report||26,350,202||54.53||21,972,845||45.47||24,496||48,347,543|
|14. Authorise allotment of shares||48,110,157||99.63||176,747||0.37||60,640||48,347,544|
|15. Disapply pre-emption (general)||48,038,080||99.42||277,974||0.58||31,490||48,347,544|
|16. Disapply pre-emption (investments)||48,050,152||99.45||265,901||0.55||31,490||48,347,543|
|17. Authorise purchase of own shares||48,175,303||99.67||157,483||0.33||14,757||48,347,543|
|18. Meetings on 14 days’ notice||48,202,039||99.72||133,505||0.28||12,000||48,347,544|
The total number of votes cast was 48,347,544 which represents 52% of the total voting rights in the Company.
A copy of the AGM Results announcement, released on 12 January 2021, can be found here.
The Board notes that although resolution 13, to approve the Directors' Remuneration Report, was passed, 45.47% of proxy votes were cast against. Following the AGM the Committee therefore undertook an engagement exercise to better understand the views of shareholders in relation to the Remuneration Report. The Company’s statement following that engagement exercise, published on 22 April 2021, can be viewed here.