Result of AGM

RNS Number : 7858K

McColl's Retail Group plc

12 April 2018

 

12 April 2018

McColl's Retail Group plc (the "Company")

Results of AGM

McColl's Retail Group plc announces that at the Annual General Meeting of the Company held today, 12 April 2018, all the Resolutions contained in the Notice of Annual General Meeting were duly passed on a poll.  The results of the poll for each resolution were as follows:

	For		Against		Withheld	Total votes cast (excluding withheld)
Resolution	(No. of shares)	(%)	(No. of shares)	(%)	(No. of shares)
1. To receive the 2017 Annual Report and Accounts	101,194,095	100.00	4,792	0.00	3,000	101,198,887
2. To receive the Directors' Remuneration Report	101,088,652	99.89	110,235	0.11	3,000	101,198,887
3. To approve the Directors' Remuneration Policy	85,683,168	86.08	13,850,649	13.92	1,668,070	99,533,817
4. To declare a final dividend	88,054,809	87.01	13,144,079	12.99	3,000	101,198,888
5. To re-elect Angus Porter as a Director	87,914,586	86.87	13,284,033	13.13	3,268	101,198,619
6. To re-elect Georgina Harvey as a Director	101,117,120	99.92	81,500	0.08	3,268	101,198,620
7. To re-elect Sharon Brown as a Director	100,115,701	98.93	1,082,919	1.07	3,268	101,198,620
8. To re-elect Jonathan Miller as a Director	100,902,248	99.71	296,372	0.29	3,268	101,198,620
9. To re-elect Simon Fuller as a Director	101,134,425	99.94	64,195	0.06	3,268	101,198,620
10. To elect David Thomas as a Director	101,066,159	99.87	132,461	0.13	3,268	101,198,620
11. To elect Jens Hofma as a Director	87,992,519	99.93	60,022	0.07	13,149,347	88,052,541
12. To re-appoint Deloitte LLP as Auditor of the Company	100,609,426	99.41	592,193	0.59	268	101,201,619
13. To authorise the Audit & Risk Committee to determine the Auditor's remuneration	101,188,845	100.00	3,850	0.00	3,268	101,192,695
14. To authorise the Company to make political donations and incur political expenditure	80,485,654	91.43	7,543,769	8.57	13,172,465	88,029,423
15. To authorise the Directors to allot ordinary shares	82,564,009	81.59	18,634,879	18.41	3,000	101,198,888
16. To disapply pre-emption rights*	81,300,624	80.34	19,894,337	19.66	6,927	101,194,961
17. To disapply pre-emption rights in connection with an acquisition or capital investment*	80,719,759	79.77	20,475,201	20.23	6,927	101,194,960
18. To authorise the Company to purchase its own ordinary shares*	87,355,256	86.32	13,840,931	13.68	5,700	101,196,187
19. To authorise the Directors to hold general meetings other than AGMs on not less than 14 clear days' notice*	87,791,173	86.75	13,407,715	13.25	3,000	101,198,888

*Special Resolution

In accordance with Listing Rule 9.6.2R copies of all resolutions passed at the meeting other than ordinary business will be submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/nsm.

Details of the proxy votes will shortly be available on the Company's website: www.mccollsplc.co.uk.

Disclosure under Provision E.2.2 of the UK Corporate Governance Code

The Board considers the proportion of votes cast against Resolution 17 (disapplication of pre-emption rights in relation to an acquisition or capital investment) to be significant. The Board intends to contact all major shareholders who voted against those resolutions to seek an understanding of their reasons for doing so.  The outcome of this exercise will be reported back to the Board for further consideration and a summary of the decisions or actions taken by the Board as a result will be included in the explanatory materials accompanying the notice of annual general meeting 2019.

NOTES:
1.	All resolutions were passed.
2.	Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution.
3.	Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.
4.	A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution nor in the calculation of the proportion of "Total issued share capital instructed" for any resolution.
5.	The number of shares in issue on 12 April 2018 was 115,173,515 (the "Share Capital") and at that time, the Company did not hold any shares in treasury.
6.	The proportion of "Total issued share capital instructed" for any resolution is the total of votes validly cast for that resolution (i.e. the total votes "For" and "Against" that resolution) expressed as a percentage of the Share Capital.
7.	The full text of the resolutions passed at the AGM can be found in the Notice of Annual General Meeting which is available on the Company's website at www.mccollsplc.co.uk

Please visit www.mccollsplc.co.uk or for further information, please contact:

McColl's Retail Group plc
Bernadette Young, Company Secretary
[phone]

McColls Retail Group plc

Ashwells Road

Brentwood

Essex

CM15 9ST

About McColl's Retail Group

McColl's is a leading neighbourhood retailer, with an estate of 1,611 managed convenience stores and newsagents. We operate 1,279 McColl's branded convenience stores as well as 332 newsagents branded Martin's across the UK, except in Scotland where we operate under our heritage brand, RS McColl. Our 22,000 dedicated colleagues serve over five million customers every week, and we are the largest operator of Post Offices in the UK, with c.600 in-store counters/branches.

LEI: 213800R1TLR536P8YJ67

 

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