Result of AGM

RNS Number : 6246K

Law Debenture Corp PLC

11 April 2018

 

THE LAW DEBENTURE CORPORATION p.l.c.

Results of Proxy Voting - AGM - 11 April 2018

Ordinary shares with voting rights in issue - 118,358,996

Turnout - based on number of valid votes cast (excluding votes withheld) on resolution 4, being the resolution that attracted the highest number of votes - 30,139,913 (25.46%)

Resolution No. 1 - to receive the strategic and directors' report and the accounts for the year ended 31 December 2017

For *		30,082,326
Against		37,452
Percentage majority in favour		99.88%
Votes withheld **		22,877

Resolution No. 2 - to approve the directors' remuneration report for the year ended 31 December 2017                       

For *		29,808,138
Against the resolution		193,373
Percentage majority in favour		99.36%
Votes withheld **		141,145

 

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

For *		29,873,657
Against the resolution		192,398
Percentage majority in favour		99.36%
Votes withheld **		74,601

Resolution No. 4 - to declare a final dividend of 11.80 pence per share        

For *		30,139,913
Against the resolution		0
Percentage majority in favour		100%
Votes withheld **		2,743

 

 

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

For *		29,789,494
Against the resolution		260,321
Percentage majority in favour		99.13%
Votes withheld **		92,841

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

For *		30,039,705
Against the resolution		78,625
Percentage majority in favour		99.74%
Votes withheld **		24,326

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

For *		30,027,808
Against the resolution		88,571
Percentage majority in favour		99.71%
Votes withheld **		26,277

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

For *		27,515,799
Against the resolution		80,855
Percentage majority in favour		99.71%
Votes withheld **		27,717

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

For *		30,026,797
Against the resolution		86,051
Percentage majority in favour		99.71%
Votes withheld **		29,808

 

 

Resolution No. 10 - to re-appoint BDO LLP as auditors

For *		29,813,324
Against the resolution		254,500
Percentage majority in favour		99.15%
Votes withheld **		74,831

Resolution No. 11 - general authority to allot shares  

For *		30,014,649
Against the resolution		42,704
Percentage majority in favour		99.86%
Votes withheld **		84,178

Resolution No. 12 - disapplication of statutory pre-emption rights (Special Resolution requiring 75% majority)

For *		29,906,683
Against the resolution		139,026
Percentage majority in favour		99.54%
Votes withheld **		96,947

 

 

Resolution No. 13 - General authority to buy back shares (Special Resolution requiring 75% majority)              

For *		30,023,638
Against the resolution		89,477
Percentage majority in favour		99.70%
Votes withheld **		29,541

Resolution No. 14 - authority to convene a general meeting - notice (Special Resolution requiring 75% majority)

           

For *		29,311,662
Against the resolution		772,980
Percentage majority in favour		97.43%
Votes withheld **		58,014

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

 

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