Result of AGM

RNS Number : 1729T

Galliford Try PLC

12 November 2019

 

GALLIFORD TRY PLC

Result of 2019 Annual General Meeting

Galliford Try plc is pleased to announce that all resolutions were passed on a poll vote conducted at the Annual General Meeting held today. The results of the poll vote are detailed below.

As at the time of the meeting, the Company had 111,032,617 ordinary shares of 50 pence each in issue. As a vote withheld is not a vote in law, the proportion of total votes cast for and against each resolution excludes votes withheld.

Resolution	Votes validly cast	% of ISC	Votes for	%	Votes against	%	Withheld
1.     Receiving the report and financial statements	73,496,573	66.19%	73,459,250	99.95	37,323	0.05	94,227
2.     Approval of the directors' report on remuneration	72,422,495	65.23%	62,087,241	85.73	10,335,254	14.27	1,168,305
3.     Declaration of final dividend	73,582,718	66.27%	73,582,002	100.00	716	0.00	8,083
4.     Re-appointment of Andrew Duxbury	73,462,295	66.16%	73,217,187	99.67	245,108	0.33	128,506
5.     Re-election of Graham Prothero	73,460,354	66.16%	73,332,445	99.83	127,909	0.17	130,447
6.     Re-election of Marisa Cassoni	73,491,428	66.19%	73,073,379	99.43	418,049	0.57	99,373
7.     Re-election of Terry Miller	73,482,611	66.18%	73,043,081	99.40	439,530	0.60	108,189
8.     Re-election of Gavin Slark	73,481,437	66.18%	73,004,095	99.35	477,342	0.65	109,363
9.     Re-election of Jeremy Townsend	73,481,545	66.18%	73,003,926	99.35	477,619	0.65	109,255
10.   Re-election of Peter Ventress	73,480,698	66.18%	72,402,729	98.53	1,077,969	1.47	110,101
11.   Appointment of auditor	73,581,563	66.27%	73,486,357	99.87	95,206	0.13	9,238
12.   Authority to set remuneration of the auditor	73,579,819	66.27%	73,556,534	99.97	23,285	0.03	10,982
13.   Authority to allot shares	73,577,775	66.27%	73,110,014	99.36	467,761	0.64	13,026
14.   Authority for political expenditure	73,568,495	66.26%	69,489,734	94.46	4,078,761	5.54	22,306
15.   Authority to disapply statutory pre-emption rights for general purposes	73,568,789	66.26%	73,481,607	99.88	87,182	0.12	22,012
16.   Authority to disapply statutory pre-emption rights for an acquisition or a specified capital investment	73,576,364	66.27%	70,857,195	96.30	2,719,169	3.70	14,436
17.   Authority for Company to purchase its own shares	73,485,939	66.18%	73,398,583	99.88	87,356	0.12	104,861
18.   Notice period for general meetings	73,575,977	66.27%	72,279,260	98.24	1,296,717	1.76	14,824

Resolution 2 - Directors' Remuneration Report

The Board notes that while Resolution 2 to approve the Directors' Remuneration Report was passed, a significant number of shareholders opposed this resolution. The Board and the Company remain committed to continued engagement with shareholders and proxy advisors to address concerns pertaining to executive director remuneration. The Remuneration Committee will continue to engage with shareholders to ensure their views are fully understood and considered. 

In accordance with LR 9.6.2, copies of the relevant ordinary and special resolutions passed at the meeting will be submitted to the FCA's National Storage Mechanism, and will be available to view at www.morningstar.co.uk/uk/NSM.

Enquiries:

Kevin Corbett                                         General Counsel & Company Secretary, Galliford Try plc                         01895 855001

 

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