Result of AGM

RNS Number : 3505P
Mitchells & Butlers PLC
08 February 2023
 

8 February 2023

Mitchells & Butlers plc (the "Company")

LEI no. 213800JHYNDNB1NS2W10

 

Result of Annual General Meeting

 

 

Mitchells & Butlers plc announces the results of the voting at the Company's Annual General Meeting held today, 8 February 2023, at 9.00a.m.

 

All the resolutions were voted on by way of a poll and the results of each resolution are shown below.  All resolutions were duly approved by the relevant majority in each case. Resolution 18 was passed as a special resolution.  All other resolutions were passed as ordinary resolutions and, in the case of resolutions 3, 5  and 10, were also passed by a majority of the independent shareholders voting on the resolution, in accordance with LR 9.2.2ER.

 


VOTES
FOR (a)

%

VOTES
AGAINST

%

VOTES
TOTAL

% of ISC VOTED

VOTES
WITHHELD (b)

1

Receipt of accounts

518,960,031

99.96

222,058

0.04

519,182,089

86.91%

194,952

2

Approval of Annual Report on Remuneration

407,632,174

78.49

111,692,375

21.51

519,324,549

86.93%

52,492

3

Elect Amanda Brown

518,922,464

99.92

421,735

0.08

519,344,199

86.94%

32,842

4

Re-elect Keith Browne

487,251,120

96.07

19,938,221

3.93

507,189,341

84.90%

12,187,700

5

Re-elect Dave Coplin

495,412,485

95.40

23,902,434

4.60

519,314,919

86.93%

62,122

6

Re-elect Eddie Irwin

463,421,815

91.37

43,760,583

8.63

507,182,398

84.90%

12,194,643

7

Re-elect Bob Ivell

435,896,753

83.93

83,450,208

16.07

519,346,961

86.94%

30,080

8

Re-elect Tim Jones

517,107,604

99.57

2,239,202

0.43

519,346,806

86.94%

30,235

9

Re-elect Josh Levy

418,367,396

82.49

88,815,307

17.51

507,182,703

84.90%

12,194,338

10

Re-elect Jane Moriarty

495,102,809

95.33

24,244,053

4.67

519,346,862

86.94%

30,179

11

Re-elect Phil Urban

518,102,793

99.76

1,244,346

0.24

519,347,139

86.94%

29,902

12

Reappointment of auditor

519,224,250

99.98

109,164

0.02

519,333,414

86.93%

43,627

13

Auditor's remuneration

519,254,000

99.99

77,631

0.01

519,331,631

86.93%

45,410

14

Political donations

517,531,970

99.66

1,765,583

0.34

519,297,553

86.93%

79,488

15

Approval of Sharesave Plan

518,941,696

99.92

391,017

0.08

519,332,713

86.93%

44,136

16

Approval of Share Incentive Plan

519,231,229

99.98

104,259

0.02

519,335,488

86.94%

41,657

17

Approval of 2023 Short Term Deferred Incentive Share Plan

518,918,858

99.93

385,101

0.07

519,303,959

86.93%

73,082

18

Notice period for meetings (c)

517,268,257

99.60

2,067,585

0.40

519,335,842

86.94%

41,199

 

VOTES EXCLUDING THE CONTROLLING SHAREHOLDER ON THE RESOLUTIONS CONCERNING THE ELECTION/ RE-ELECTION OF THE INDEPENDENT NON-EXECUTIVE DIRECTORS



VOTES FOR (a)

%

VOTES AGAINST

%

VOTES TOTAL

% of ISC VOTED (excluding controlling shareholder)

VOTES WITHHELD (b)

3

Elect Amanda Brown (d)

180,088,769

99.77

421,735

0.23

180,510,504

69.82%

32,842

5

Re-elect Dave Coplin (d)

156,578,790

86.76

23,902,434

13.24

180,481,224

69.81%

62,122

10

Re-elect Jane Moriarty (d)

156,269,114

86.57

24,244,053

13.43

180,513,167

69.82%

30,179

 

NOTES:

(a) The "For" vote includes those giving the Chairman discretion.

(b) A vote "Withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" the resolution.

(c) Passed as a special resolution.

(d) Passed both as an ordinary resolution by a majority of all shareholders and by a majority of the independent shareholders voting on the resolution, in accordance with LR 9.2.2ER.

 

Votes "For" and "Against" are expressed as a percentage of votes received.  Voting was conducted by a poll.

 

The Board of Directors note the level of votes against resolution 2 (Annual Report on Remuneration) and are disappointed with the outcome of the voting on this resolution. The Board of Directors have sought to set out the rationale for the key decisions taken in relation to remuneration in the Annual Report, which they firmly believe to be in the best interests of all shareholders. The Board values an open and proactive dialogue with our shareholders and will continue to engage with shareholders in the coming year as part of the review of our remuneration policy, which is due to be put to shareholders at the 2024 AGM.

 

The number of shares in issue at 6.30p.m. on 6 February 2023 was 597,383,363, of which 258,549,668 were held by shareholders other than the controlling shareholder.

 

The full text of the resolutions can be found in the Notice of Annual General Meeting, which is available for inspection at the National Storage Mechanism https://data.fca.org.uk/#/nsm/nationalstoragemechanism and also on the Company's website at www.mbplc.com .

 

These results will shortly be available on the Company's website at  www.mbplc.com  and in accordance with Listing Rule 9.6.2, copies of the resolutions that were passed at the meeting and that do not constitute ordinary business at an annual general meeting will be submitted to the National Storage Mechanism and will shortly be available for inspection at  data.fca.org.uk

 

Denise Burton

Deputy Company Secretary

 

 

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