Result of AGM

RNS Number : 9426V

Law Debenture Corp PLC

11 April 2019

 

THE LAW DEBENTURE CORPORATION p.l.c.

Results of Proxy Voting - AGM - 11 April 2019

Ordinary shares with voting rights in issue - 118,384,040

Turnout - based on number of valid votes cast (excluding votes withheld) on resolution 4, being the resolution that attracted the highest number of votes - 32,296,841 (27.28%)

Resolution No. 1 - to receive the strategic and directors' report and the accounts for the year ended 31 December 2018

For *		32,294,063
Against		883
Percentage majority in favour		99.99%
Votes withheld **		16,718

Resolution No. 2 - to approve the directors' remuneration report for the year ended 31 December 2018             

For *		31,523,592
Against the resolution		673,060
Percentage majority in favour		97.91%
Votes withheld **		115,012

 

Resolution No. 3 - to approve amendments to the remuneration policy                     

For *		31,560,733
Against the resolution		662,366
Percentage majority in favour		97.94%
Votes withheld **		63,565

Resolution No. 4 - to declare a final dividend of 12.90 pence per share          

For *		32,295,958
Against the resolution		883
Percentage majority in favour		99.99%
Votes withheld **		14,823

 

 

Resolution No.5 - to re-elect Denis Jackson as a director

For *		32,030,641
Against the resolution		184,836
Percentage majority in favour		99.43%
Votes withheld **		96,187

Resolution No.6 - to re-elect Robert Hingley as a director

For *		32,158,227
Against the resolution		116,049
Percentage majority in favour		99.64%
Votes withheld **		37,388

Resolution No.7 - to re-elect Robert Laing as a director

For *		31,670,242
Against the resolution		604,034
Percentage majority in favour		98.13%
Votes withheld **		37,388

Resolution No.8 - to re-elect Mark Bridgeman as a director

For *		32,162,289
Against the resolution		111,987
Percentage majority in favour		99.65%
Votes withheld **		37,388

Resolution No.9 - to re-elect Tim Bond as a director

For *		32,149,212
Against the resolution		121,604
Percentage majority in favour		99.62%
Votes withheld **		40,848

 

Resolution No.10 - to elect Katie Thorpe as a director

For *		32,015,042
Against the resolution		177,351
Percentage majority in favour		99.45%
Votes withheld **		119,271

 

Resolution No.11 - increase article limit on NED ordinary remuneration

For *		31,964,849
Against the resolution		234,887
Percentage majority in favour		99.27%
Votes withheld **		111,928

 

Resolution No. 12 - to re-appoint BDO LLP as auditors

For *		32,219,624
Against the resolution		31,511
Percentage majority in favour		99.90%
Votes withheld **		60,529

Resolution No. 13 - general authority to allot shares  

For *		32,199,300
Against the resolution		62,843
Percentage majority in favour		99.81%
Votes withheld **		49,521

Resolution No. 14 - disapplication of statutory pre-emption rights (Special Resolution requiring 75% majority)

For *		32,050,670
Against the resolution		164,144
Percentage majority in favour		99.49%
Votes withheld **		96,850

 

 

Resolution No. 15 - General authority to buy back shares (Special Resolution requiring 75% majority)               

For *		32,148,341
Against the resolution		140,042
Percentage majority in favour		99.57%
Votes withheld **		23,281

Resolution No. 16 - authority to convene a general meeting - notice (Special Resolution requiring 75% majority)

           

For *		31,603,857
Against the resolution		624,745
Percentage majority in favour		98.06%
Votes withheld **		83,062

Notes:

* Votes "For" include any discretionary votes given to the Chairman or another named proxy.

** Votes withheld have no legal effect.

Contact: Ian Bowden 020 7696 5285

 

END

 

 

RAGUASURKWASAAR