ANNUAL GENERAL MEETING: RESOLUTIONS
Ferguson plc (the "Company") is pleased to announce that, at its AGM held earlier today, shareholders passed each of the ordinary and special resolutions by the requisite majorities on a poll. The full text of each resolution is contained in the Notice of Annual General Meeting, which is available on the Company's website, www.fergusonplc.com.
The total number of votes cast for each resolution is set out in the table below. Resolutions 1 to 18 (inclusive) are ordinary resolutions and resolutions 19, 20 and 21 are special resolutions.
Resolution |
For |
%* |
Against |
%* |
Votes Total |
% Votes cast** |
Votes Withheld*** |
1. To receive the Company's Annual Report and Accounts |
177,649,095 |
100.00 |
327 |
0.00 |
177,649,422 |
76.62% |
381,549 |
2. To approve the Directors' Remuneration Report |
174,595,185 |
98.30 |
3,024,785 |
1.70 |
177,619,970 |
76.61% |
411,001 |
3. To approve the Remuneration Policy |
169,851,331 |
96.39 |
6,370,179 |
3.61 |
176,221,510 |
76.01% |
1,809,461 |
4. To declare a final dividend |
177,279,226 |
99.70 |
537,010 |
0.30 |
177,816,236 |
76.69% |
214,735 |
5. To re-elect Tessa Bamford |
173,967,899 |
97.84 |
3,846,941 |
2.16 |
177,814,840 |
76.69% |
216,131 |
6. To re-elect Gareth Davis |
170,013,729 |
95.61 |
7,801,396 |
4.39 |
177,815,125 |
76.69% |
215,846 |
7. To re-elect John Martin |
174,422,143 |
98.09 |
3,392,598 |
1.91 |
177,814,741 |
76.69% |
216,230 |
8. To re-elect Kevin Murphy |
174,318,855 |
98.03 |
3,495,756 |
1.97 |
177,814,611 |
76.69% |
216,360 |
9. To re-elect Alan Murray |
173,946,226 |
97.82 |
3,868,472 |
2.18 |
177,814,698 |
76.69% |
216,273 |
10. To re-elect Michael Powell |
173,573,203 |
97.61 |
4,241,259 |
2.39 |
177,814,462 |
76.69% |
216,509 |
11. To re-elect Darren Shapland |
171,915,490 |
97.63 |
4,171,661 |
2.37 |
176,087,151 |
75.95% |
1,943,820 |
12. To re-elect Nadia Shouraboura |
171,762,499 |
97.54 |
4,324,515 |
2.46 |
176,087,014 |
75.95% |
1,943,957 |
13. To re-elect Jacqueline Simmonds |
173,918,962 |
97.81 |
3,895,748 |
2.19 |
177,814,710 |
76.69% |
216,261 |
14. To increase the maximum aggregate amount of ordinary remuneration payable to Non Executive Directors in any year |
174,766,196 |
98.29 |
3,038,277 |
1.71 |
177,804,473 |
76.69% |
226,498 |
15. To reappoint Deloitte LLP as auditors |
177,786,685 |
99.98 |
28,996 |
0.02 |
177,815,681 |
76.69% |
215,290 |
16. To authorise the Audit Committee to agree the auditor's remuneration |
177,782,325 |
99.98 |
27,740 |
0.02 |
177,810,065 |
76.69% |
220,906 |
17. Authority of limited political expenditure and political donations |
174,984,752 |
98.84 |
2,057,530 |
1.16 |
177,042,282 |
76.36% |
988,689 |
18. Authority to allot securities |
169,874,638 |
95.42 |
8,147,197 |
4.58 |
178,021,835 |
76.78% |
9,136 |
19. Authority to disapply pre-emption rights |
177,896,651 |
99.99 |
18,966 |
0.01 |
177,915,617 |
76.74% |
115,354 |
20. Additional authority to disapply pre-emption rights for specified capital investment |
174,289,106 |
97.96 |
3,627,249 |
2.04 |
177,916,355 |
76.74% |
114,616 |
21. Authority to purchase own shares |
175,767,558 |
98.85 |
2,051,889 |
1.15 |
177,819,447 |
76.70% |
211,524 |
* percentage of votes cast excludes withheld votes
** percentage of issued share capital (excluding 20,750,742 treasury shares)
*** a vote withheld is not a vote in law and is not counted in the calculation of the proportion of the votes "For" or "Against" a resolution
As at 27 November 2018, the Company:
(i) had 252,602,622 issued ordinary shares of 11227/563 pence, each ordinary share having one vote;
(ii) held 20,750,742 ordinary shares in treasury. The voting rights of treasury shares are automatically suspended; and
(iii) accordingly, had total voting rights of 231,851,880.
For further information please contact:
Graham Middlemiss, Group Company Secretary
+ 41 (0) 41 723 22 30