Result of AGM

RNS Number : 1359V

McColl's Retail Group plc

04 April 2019

 

4 April 2019

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

Results of Annual General Meeting ("AGM")

McColl's Retail Group plc announces that at the AGM of the Company held on 3 April 2019, all Resolutions contained in the Notice of AGM were duly passed on a poll.  The results of the poll 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 Annual Report and Accounts 2018	94,599,288	100.00	1,500	0.00	6,902	94,600,788
2. To receive the Directors' Remuneration Report	92,971,587	98.57	1,349,540	1.43	286,563	94,321,127
3. To declare a final dividend	94,599,727	100.00	1,061	0.00	6,902	94,600,788
4. To re-elect Angus Porter as a Director	80,825,003	85.46	13,751,789	14.54	30,898	94,576,792
5. To re-elect Georgina Harvey as a Director	94,572,766	99.99	5,526	0.01	29,398	94,578,292
6. To re-elect Sharon Brown as a Director	94,461,214	99.88	117,078	0.12	29,398	94,578,292
7. To re-elect Jonathan Miller as a Director	90,793,605	99.97	31,653	0.03	3,782,432	90,825,258
8. To re-elect David Thomas as a Director	94,571,566	99.99	6,726	0.01	29,398	94,578,292
9. To re-elect Jens Hofma as a Director	94,571,566	99.99	11,726	0.01	24,398	94,583,292
10. To elect Robbie Bell as a Director	94,564,110	99.98	16,621	0.02	26,959	94,580,731
11. To re-appoint Deloitte LLP as Auditor of the Company	94,548,961	99.98	14,331	0.02	44,398	94,563,292
12. To authorise the Audit & Risk Committee to determine the Auditor's remuneration	94,565,034	99.98	14,331	0.02	28,325	94,579,365
13. To authorise the Company to make political donations and incur political expenditure	77,011,806	95.26	3,831,019	4.74	13,764,865	80,842,825
14. To authorise the Directors to allot ordinary shares	94,564,089	99.96	36,699	0.04	6,902	94,600,788
15. To disapply pre-emption rights*	74,513,038	78.79	20,060,266	21.21	34,386	94,573,304
16. To disapply pre-emption rights in connection with an acquisition or capital investment*	77,049,163	81.47	17,528,068	18.53	30,459	94,577,231
17. To authorise the Company to purchase its own ordinary shares*	80,812,739	85.44	13,770,553	14.56	24,398	94,583,292
18. To authorise the Directors to hold general meetings other than AGMs on not less than 14 clear days' notice*	94,546,267	99.96	35,964	0.04	25,459	94,582,231
19. To adopt new Articles of Association*	94,565,560	99.99	11,244	0.01	30,886	94,576,804
20. To approve the Deferred Bonus Plan	80,796,175	85.44	13,769,556	14.56	41,959	94,565,731

*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.

UK Corporate Governance Code Disclosure

The Board has noted the proportion of votes cast against Resolutions 15 (disapplication of pre-emption rights) and 16 (disapplication of pre-emption rights in relation to an acquisition or capital investment). Following a consultation with shareholders last year, as a result of more than 20% of votes being cast against the disapplication of pre-emption rights in relation to an acquisition or capital investment resolution at the 2018 AGM, the Board confirmed that Directors are committed to undertaking shareholder consultations on significant share issues whenever it is practicable to do so. This position remains unchanged. The Board will again consult with major shareholders who voted against Resolutions 15 and 16 in order to understand their reasons for doing so. The outcome of this exercise will be considered by the Board in due course with a further update as appropriate.

McColl's Retail Group plc

Rachel Peat, Company Secretary

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".

5. The number of shares in issue on 3 April 2019 was 115,173,515 with no shares in treasury.  82% of the shares in issue were voted.

6. 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 

About McColl's Retail Group plc

McColl's is a leading neighbourhood retailer, with an estate of c.1,550 managed convenience stores and newsagents. We operate McColl's branded convenience stores as well as newsagents branded Martin's across the UK, except in Scotland where we operate under our heritage brand, RS McColl. Our dedicated colleagues serve 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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