Result of AGM

RNS Number : 9513W

London Stock Exchange Group PLC

28 April 2021

 

LONDON STOCK EXCHANGE GROUP PLC (the "Company"/ "LSEG")

28 April 2021

RESULT OF ANNUAL GENERAL MEETING

All resolutions proposed at the Annual General Meeting of the Company held on 28 April 2021 were passed by shareholders.  Resolutions 1-20 were passed as Ordinary Resolutions and Resolutions 21-25 as Special Resolutions. 

London Stock Exchange Group plc Annual General Meeting Poll Results

	RESOLUTION	VOTES FOR	%	VOTES AGAINST	%	VOTES TOTAL	% OF RELEVANT SHARES IN ISSUE	VOTES WITHHELD
1	To receive the annual report and accounts	443,077,166	99.99	28,331	0.01	443,105,497	86.68%	1,748,003
2	To declare a dividend	444,822,623	99.99	25,862	0.01	444,848,485	87.03%	5,015
3	To approve the Annual Report on Remuneration and the annual statement of the Chair of the Remuneration Committee	334,721,864	76.48	102,929,835	23.52	437,651,699	85.62%	7,201,800
4	To re-elect Jacques Aigrain as a Director	413,879,595	93.04	30,968,921	6.96	444,848,516	87.03%	4,984
5	To re-elect Dominic Blakemore as a Director	440,912,237	99.47	2,338,264	0.53	443,250,501	86.71%	1,602,999
6	To re-elect Professor Kathleen DeRose as a Director	443,083,108	99.60	1,765,178	0.40	444,848,286	87.03%	5,214
7	To re-elect Cressida Hogg CBE as a Director	420,482,663	94.52	24,365,711	5.48	444,848,374	87.03%	5,126
8	To re-elect Stephen O'Connor as a Director	443,083,802	99.60	1,764,484	0.40	444,848,286	87.03%	5,214
9	To re-elect Dr Val Rahmani as a Director	420,463,883	94.52	24,384,253	5.48	444,848,136	87.03%	5,364
10	To re-elect Don Robert as a Director	413,121,192	92.87	31,726,894	7.13	444,848,086	87.03%	5,414
11	To re-elect David Schwimmer as a Director	443,505,681	99.70	1,343,246	0.30	444,848,927	87.03%	4,573
12	To elect Martin Brand as a Director	435,812,865	97.97	9,033,320	2.03	444,846,185	87.02%	7,315
13	To elect Erin Brown as a Director	438,680,392	98.61	6,165,993	1.39	444,846,385	87.02%	7,115
14	To elect Anna Manz as a Director	443,320,174	99.66	1,526,273	0.34	444,846,447	87.02%	7,053
15	To elect Douglas Steenland as a Director	437,627,203	98.38	7,219,244	1.62	444,846,447	87.02%	7,053
16	To re-appoint Ernst & Young LLP as auditors	442,856,606	99.91	393,080	0.09	443,249,686	86.71%	1,603,814
17	To authorise the Directors to approve the auditors' remuneration	443,084,650	99.96	166,861	0.04	443,251,511	86.71%	1,601,989
18	To renew the Directors' authority to allot shares	411,080,215	92.41	33,767,728	7.59	444,847,943	87.03%	5,557
19	To authorise the Company to make political donations and incur political expenditure	441,729,347	99.31	3,074,578	0.69	444,803,925	87.02%	49,575
20	To approve the London Stock Exchange Group UK SAYE	439,364,761	99.92	370,506	0.08	439,735,267	86.03%	5,796
21	To approve the adoption of new Articles of Association	444,793,010	100.00	16,085	0.00	444,809,095	87.02%	44,405
22	To disapply pre-emption rights in respect of an allotment of equity securities for cash	443,439,408	99.76	1,047,710	0.24	444,487,118	86.95%	366,382
23	To disapply pre-emption rights in respect of a further allotment of equity securities for cash, for the purposes of financing a transaction	438,358,457	98.62	6,127,084	1.38	444,485,541	86.95%	367,959
24	To grant the Directors authority to purchase the Company's own shares	440,690,354	99.19	3,614,684	0.81	444,305,038	86.92%	548,462
25	That a general meeting other than an annual general meeting may be called on not less than 14 clear days' notice	284,991,994	96.04	11,738,101	3.96	296,730,095	58.05%	5,684

Notes

1.  Please note a 'vote withheld' is not a vote under English law and is not counted in the calculation of votes 'for' and 'against' a resolution.

2.  As at 6.30pm on 26 April 2021, the issued share capital of the Company consisted of 506,058,579 ordinary shares and 51,124,377 limited-voting ordinary shares. The Company does not hold any ordinary shares in Treasury. Therefore, the total voting rights as at that time were 511,171,017.

3. Ordinary shareholders are entitled to one vote per share. Limited-voting ordinary shareholders are entitled one-tenth of a vote per share.

4.  The percentages above are rounded to two decimal places.

5. Results of the poll will also be available shortly on the Company's website:  http://www.lseg.com/investor-relations/shareholder-services/agm-information

Resolution 3 - Directors' remuneration report

The Board of LSEG notes that, while all of the other resolutions at today's Annual General Meeting were passed with a strong majority, Resolution 3 (Approval of the Annual Report on Remuneration) passed with 76.48% of votes in favour.  

The increase to the CEO's base salary reflects the increased responsibilities and scope of the role following the acquisition of Refinitiv, which has transformed the business into a significantly larger, more complex and truly global company. LSEG undertook extensive engagement with shareholders on our Remuneration Report and taking into account their feedback, the LSEG Remuneration Committee also determined to significantly increase the minimum shareholding requirement for the CEO from 300% to 400%. Although shareholders were broadly supportive of the underlying principle of the CEO's increase in base salary post completion of the Refinitiv transaction we recognise that certain shareholders would have preferred the increase to have been phased.

Following the Annual General Meeting, LSEG will continue to engage with its shareholders and will carefully consider all further feedback. We will publish an update on that engagement within six months of the Annual General Meeting, in accordance with the UK Corporate Governance Code.

In accordance with Listing Rule 9.6.2, copies of the resolutions that do not constitute ordinary business, will be shortly be available for inspection at the National Storage Mechanism document viewing facility at : 

https://data.fca.org.uk/#/nsm/nationalstoragemechanism

In addition, and in accordance with Listing Rule 9.2.6E, a copy of the Articles of Association of the Company will also be available for inspection at the National Storage Mechanism.

Further information is available from:

London Stock Exchange Group plc

Lucie Holloway	Media	[phone]
Paul Froud	Investor Relations	[phone]

 

END

 

 

RAGUWVORAWUSUAR