Result of AGM

RNS Number : 3392U

Next PLC

13 May 2008

 



Contacts:	David Keens, Group Finance Director
	NEXT PLC
	Tel:  [phone]
	Alistair Mackinnon-Musson
	Nicola Savage
	Hudson Sandler
	Tel: [phone]
	Email:    [e-mail]

NEXT PLC Results of 2008 Annual General Meeting ('AGM')

The Board of Next plc is pleased to announce that, at the AGM of Next shareholders held on 13 May 2008, all resolutions as set out in the Notice of Meeting contained in the Annual Report and Accounts for the year ended 26 January 2008 were passed. All resolutions were put to the meeting and approved on a poll and results are detailed below.

The total number of shares in issue at the date of the AGM is 198,796,687.

		For		Against		TOTAL VOTES CAST	Votes withheld1
Resolution	Special / Ordinary	No. of Votes	%	No. of Votes	%	No. of Votes	No. of Votes
1. To adopt the accounts and reports of the directors and auditors	Ordinary	114,845,905	99.96	50,204	0.04	114,896,109	838,110
2. To approve the remuneration report	Ordinary	111,183,810	97.07	3,357,979	2.93	114,541,789	1,192,429
3. To declare a final ordinary dividend of 37p per share	Ordinary	115,668,975	100.00	204	0.00	115,669,179	65,040
4. To re-elect Simon Wolfson as a director	Ordinary	115,068,612	99.49	588,295	0.51	115,656,907	77,312
5. To re-elect Andrew Varley as a director	Ordinary	114,677,556	99.15	979,104	0.85	115,656,660	77,246
6. To re-elect Jonathan Dawson as a director	Ordinary	114,092,220	98.65	1,562,545	1.35	115,654,765	79,141
7. To re-elect Christine Cross as a director	Ordinary	114,082,306	98.64	1,571,933	1.36	115,654,239	79,667
8. To elect Steve Barber as a director	Ordinary	114,140,660	98.69	1,509,843	1.31	115,650,503	83,403
9. To re-appoint Ernst & Young LLP as auditors and authorise the directors to set their remuneration	Ordinary	114,779,683	99.24	881,624	0.76	115,661,307	72,912
10. To approve the Next Risk/Reward Investment Plan	Ordinary	110,049,643	96.46	4,037,674	3.54	114,087,317	1,646,901
11. Authority to allot shares	Ordinary	114,693,815	99.18	946,896	0.82	115,640,711	93,508
12. Authority to disapply pre-emption rights	Special	114,918,018	99.57	497,428	0.43	115,415,446	318,773
13. Authority for on-market purchase of own shares	Special	114,608,031	99.10	1,042,433	0.90	115,650,464	83,755
142. Authority to enter into Programme Agreements with each of Goldman Sachs International, UBS AG, Deutsche Bank AG and Barclays Bank plc Less votes disregarded under the provisions of Section 164(5) of the Companies Act 1985 Resolution 14 total	Special	109,389,501 (10,000,000)2 99,389,501	94.81 94.32	5,986,410 5,986,410	5.19 5.68	115,375,911 (10,000,000)2 105,375,911	358,307 358,307
15. To approve and adopt new Articles of Association	Special	114,501,976	99.02	1,128,954	0.98	115,630,930	103,289

Note¹:  The 'Vote Withheld' option is provided to enable the shareholder to abstain on any resolution. It is not a vote in law and is not counted in the calculation of the proportion of votes for and against a resolution.

Note²: The total maximum number of Ordinary Shares which may be purchased by Next for cancellation pursuant to such contingent purchase contracts is 10 million. As explained in the Notice of Meeting, Next has disregarded 10 million votes from both the total number of votes cast in favour of the resolution and the total votes cast so that the voting of those shares did not affect the result of the poll.

Two copies of the resolutions passed as special business at the AGM have been submitted to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at Financial Services Authority, 25 The North Colonnade, Canary Wharf, London, E14 5HS. 

 

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