Result of AGM

RNS Number : 1948V

Caledonia Investments PLC

19 July 2018

 

Caledonia Investments plc: Result of Annual General Meeting

Caledonia Investments plc (the "Company") is pleased to announce that all of the resolutions proposed at its annual general meeting held on 19 July 2018 were duly passed. Resolutions 9, 10, 11 and 12 relating to the election and re-election of independent directors, were passed by separate majorities of all shareholders and of those shareholders who are independent of the Cayzer family concert party, the members of which are regarded as controlling shareholders for the purposes of the Listing Rules.

The following table indicates the number of valid proxy votes lodged in advance of the meeting for each of the resolutions. It should be noted that votes withheld do not constitute votes in law and therefore are not counted in the number of votes for or against any resolution.

Resolution		In favour		Against		Withheld	Total lodged
No		No.	%	No.	%	No.	No.
1	To receive and adopt the annual report and accounts for the year ended 31 March 2018	35,926,994	99.99	4,584	0.01	0	35,931,578
2	To approve the directors' remuneration report for the year ended 31 March 2018 (other than the directors' remuneration policy)	35,636,411	99.51	175,610	0.49	119,554	35,931,575
3	To approve and declare a final dividend of 41.5p per ordinary share	35,930,585	99.99	994	0.01	0	35,931,579
4	To re-elect Mr D C Stewart a director	34,999,022	97.84	771,830	2.16	160,726	35,931,578
5	To re-elect Mr W P Wyatt a director	35,883,939	99.88	44,227	0.12	3,413	35,931,579
6	To re-elect Mr S A King a director	35,852,951	99.79	74,985	0.21	3,643	35,931,579
7	To re-elect Mr J M B Cayzer-Colvin a director	35,224,518	98.04	705,140	1.96	1,920	35,931,578
8	To re-elect The Hon C W Cayzer a director	35,569,108	98.99	361,226	1.01	1,245	35,931,579
9	To re-elect Mr S J Bridges a director (all shareholders)	35,887,591	99.90	35,252	0.10	8,736	35,931,579
9	To re-elect Mr S J Bridges a director (independent shareholders)	10,381,211	99.66	35,252	0.34	8,506	10,424,969
10	To re-elect Mr C H Gregson a director (all shareholders)	35,913,082	99.96	15,529	0.04	2,968	35,931,579
10	To re-elect Mr C H Gregson a director (independent shareholders)	10,406,702	99.85	15,529	0.15	2,738	10,424,969
11	To re-elect Mrs S C R Jemmett-Page a director (all shareholders)	35,915,864	99.96	12,747	0.04	2,968	35,931,579
11	To re-elect Mrs S C R Jemmett-Page a director (independent shareholders)	10,409,484	99.88	12,747	0.12	2,738	10,424,969
12	To elect Mr G B Davison a director (all shareholders)	35,927,617	99.99	994	0.01	2,968	35,931,579
12	To elect Mr G B Davison a director (independent shareholders)	10,421,237	99.99	994	0.01	2,738	10,424,969
13	To re-appoint KPMG LLP as auditor	35,781,021	99.63	131,578	0.37	18,979	35,931,578
14	To authorise the directors to agree the auditor's remuneration	35,844,046	99.76	85,810	0.24	1,723	35,931,579
15	To grant the Company authority to make market purchases of its own shares	35,920,775	99.97	10,369	0.03	435	35,931,579
16	To approve the waiver of the mandatory offer provisions set out in Rule 9 of the City Code on Takeovers and Mergers in relation to the Cayzer Concert Party*	8,605,797	82.81	1,786,202	17.19	32,969	10,424,968
17	To authorise the allotment of unissued shares	35,839,290	99.98	6,688	0.02	85,601	35,931,579
18	To authorise the allotment of shares on a non pre-emptive basis	35,791,690	99.87	48,341	0.13	91,548	35,931,579
19	To authorise the convening of general meetings (other than annual general meetings) on not less than 14 clear days' notice	35,744,621	99.48	186,523	0.52	435	35,931,579

*As required by the City Code on Takeovers and Mergers, the Cayzer family concert party did not vote on this resolution.

Each of the resolutions was voted on by way of a show of hands, other than resolution 16 which was voted on by way of a poll. The numbers of votes cast at the meeting on resolution 16 were 8,604,531 in favour and 1,787,363 against.

At the date of the annual general meeting there were 55,373,734 ordinary shares with voting rights in issue. No shares are held in treasury.

In accordance with Listing Rule 9.6.2R, copies of resolutions 15 to 19, being the resolutions passed as special business at the annual general meeting, have been submitted to the National Storage Mechanism and will shortly be available at: www.Hemscott.com/nsm.do.

Enquiries:

G P Denison,

Company Secretary

Tel: [phone]

19 July 2018

END

All of the resolutions proposed at the annual general meeting are also set out in the circular to shareholders incorporating the notice of the 2018 annual general meeting available on Caledonia's website at www.caledonia.com.

Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.

 

END

 

 

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