Statement re AGM voting

RNS Number : 5892G

Britvic plc

27 July 2021

 

Britvic plc

("Britvic" or the "Company")

LEI: 635400L3NVMYD4BVCI53

27 July 2021

REPORT ON AGM VOTING

In response to the voting outcome on Resolution 12 (re-election of William Eccleshare) and Resolution 13 (re-election of Ian McHoul) at the Company's AGM held on 28 January 2021, the Board today provides the following information.

The Board acknowledges and understands that the concerns regarding these Directors relate to calls on their time, and that many individual investors have specific voting policies in this regard. The time commitment of all Directors is a matter that the Nomination Committee takes extremely seriously and keeps under regular review. The challenging conditions created by the global pandemic have increased demand for ad hoc Board and Committee meetings and further dialogue between Directors outside formal board meetings. Both William and Ian's attendance record has been 100% to date and they have been available at short notice as required, demonstrating that their outside commitments have not impacted their ability to play full and active roles at Britvic.

The Board is confident that both William Eccleshare and Ian McHoul discharge their roles as non-executive directors effectively, and, in the case of Ian, Senior Independent Director and Chair of the Audit Committee, notwithstanding their other board commitments. The Board continues to conclude that they are both committed and effective independent non-executive directors on Britvic's Board, and they each have sufficient capacity to meet their respective commitments to the Company, both in respect of their day-to-day obligations to the Company and at times of increased demand.

The Board recognises investor concerns on the optimal level of director time commitments and will continue to monitor William and Ian's appointments, as it does for all Board members.

The Company will continue to engage with relevant shareholders on this topic and will set out further comment as appropriate within the next Annual Report and Accounts.

For further information please contact:

Investors:

Steve Nightingale (Director of Investor Relations)     [phone]

Media:

Megan Ratcliffe (Head of Corporate Communications)  [phone]

Stephen Malthouse (Headland) [phone]

 

END

 

 

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