Results of AGM and Board Changes

RNS Number : 7432U
Law Debenture Corp PLC
07 April 2021
 

The Law Debenture Corporation p.l.c.

8th Floor

100 Bishopsgate

London

EC2N 4AG

 

7 April 2021

 

Annual General Meeting Poll Results

 

The Law Debenture Corporation p.l.c. (the "Corporation") announces that at the Annual General Meeting ("AGM") held earlier today, all resolutions set out in the Notice of AGM were duly passed by way of poll and the results are as follows:

Resolutions

Description

For (including discretionary)

%

Against

%

Withheld

Votes cast as a % of TVR

1

Report and accounts

29,223,656

99.99

1,986

0.01

20,256

24.26

2

Directors' Remuneration Report

28,152,740

97.21

809,105

2.79

284,053

24.05

3

Final dividend of 8.00p

29,142,531

100.00

883

0.00

102,484

24.20

4

Re-elect Denis Jackson

28,912,882

99.22

226,710

0.78

106,306

24.19

5

Re-elect Robert Hingley

28,819,550

98.91

316,480

1.09

109,868

24.19

6

Re-elect Mark Bridgeman

29,067,693

99.64

105,187

0.36

73,018

24.22

7

Re-elect Tim Bond

29,024,362

99.53

137,871

0.47

83,665

24.21

8

Re-elect Claire Finn

29,035,076

99.54

133,642

0.46

77,180

24.22

9

Elect Trish Houston

28,958,143

99.48

151,545

0.52

136,210

24.17

10

Re-appoint BDO LLP as statutory auditors

29,148,036

99.81

55,880

0.19

41,982

24.25

11

Authorise the Audit and Risk Committee to determine the auditor's remuneration

29,158,535

99.82

52,345

0.18

35,018

24.25

12

Authority to allot shares

29,071,808

99.55

132,398

0.45

41,692

24.25

13*

Authority to disapply pre-emption rights

28,620,110

98.20

525,929

1.80

99,859

24.20

14*

Additional authority to disapply pre-emption rights for acquisitions or specified capital investment

27,970,507

95.98

1,172,390

4.02

103,001

24.20

15*

Authority to buy back shares

29,049,812

99.42

169,691

0.58

26,395

24.26

16*

Adoption of New Articles

28,888,205

99.83

49,150

0.17

306,043

24.02

17*

Authority to call general meeting on 14 days' notice

28,886,697

98.84

337,938

1.16

21,263

24.26

*  Special resolutions.

 

For the purposes of section 341 of the Companies Act 2006, the votes validly cast are expressed in the table above as a percentage of the Corporation's total voting rights as at close of business on 1 April 2021, being the time at which shareholders had to be registered on the register of members in order to attend and vote at the AGM.  A vote "withheld" is not a vote in law and has not been counted as a vote "for" or "against" a resolution.

The number of ordinary shares in issue as at the date of this announcement is 120,582,842 with no ordinary shares held in treasury. As at the date of this announcement the Corporation's total voting rights therefore comprises 120,582,842 shares with one vote each.

A copy of the special resolutions and resolution 12 (the "Resolutions"), the newly adopted Articles of Association dated 7 April 2021 (the "Articles") and the 2020 Annual Report and Accounts will be filed at Companies House. The Resolutions and Articles will be submitted today to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism   in compliance with Listing Rule 9.2.6ER.

Board Changes

 

Following Robert Laing's retirement from the Board, including his appointments as Remuneration Committee Chair and Senior Independent Director, the Corporation announces the appointment of Non-Executive Director Tim Bond as Senior Independent Director of the Corporation with effect from the conclusion of the AGM held earlier today (the "Effective Date").

 

As previously announced, Non-Executive Director Claire Finn has been appointed Chair of the Remuneration Committee from the Effective Date.

 

 

Law Debenture Corporate Services Limited, Corporate Secretary

7 April 2021

 

Contact:  Alison Skerritt, Tel: 079 6751 3597

 

The Law Debenture Corporation p.l.c. is registered in England, company registration number 30397. LEI number - 2138006E39QX7XV6PP21

 

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