Result of AGM

RNS Number : 2647V

Persimmon PLC

14 April 2016

 

14 April 2016

PERSIMMON PLC (THE 'COMPANY')

ANNUAL GENERAL MEETING RESULTS

At the Company's Annual General Meeting held on 14 April 2016 each of the resolutions set out in the Notice of Meeting dated 14 March 2016 was passed on a show of hands.  

For information, a breakdown of proxy votes lodged prior to the meeting is available on the Company's website at http://corporate.persimmonhomes.com/investors/shareholder-information/meeting-information and a summary is set out below:-

	Resolution	For	% For	Against	% Against	Total Votes	Votes Withheld
1	Receive report and accounts	201,222,626	98.73	2,439,521	1.20	203,812,993	377,953
2	Approve Annual Report on Remuneration	186,459,219	91.35	17,504,349	8.58	204,114,816	75,699
3	Re-elect N Wrigley	200,973,502	98.77	2,339,943	1.15	203,467,850	723,096
4	Re-elect J Fairburn	201,868,102	98.88	2,123,670	1.04	204,158,436	32,511
5	Re-elect M Killoran	200,873,039	98.39	3,131,984	1.53	204,159,448	31,499
6	Re-elect D Jenkinson	200,543,185	98.23	3,447,666	1.69	204,158,880	32,067
7	Re-elect J Davie	203,116,369	99.49	883,908	0.43	204,155,869	33,678
8	Re-elect M Sears	202,987,815	99.43	1,015,216	0.50	204,157,832	33,115
9	Elect R Kentleton	203,196,608	99.53	785,186	0.38	204,156,200	34,747
10	Elect N Mills	107,131,950	52.66	96,152,930	47.26	203,458,838	732,107
11	Appoint auditor and authorise Directors to determine their remuneration	203,983,121	99.91	16,544	0.01	204,161,439	29,508
12	Authority to allot shares	195,322,282	95.94	8,100,869	3.98	203,583,633	607,314
13	Authority to disapply pre-emption rights	196,189,124	98.12	3,598,326	1.80	199,949,331	4,231,615
14	Authority to make market purchases of shares	200,439,335	98.21	3,497,993	1.71	204,097,404	83,542
15	Calling of a general meeting on not less than 14 days notice	177,914,713	87.69	24,808,714	12.23	202,884,794	1,296,151

The Board notes the significant vote against the election of Nigel Mills as a Non-Executive Director and is aware that it is as a result of a proxy advisory service recommending that Shareholders vote against his election, as they do not regard him as being independent. The Board strongly believes that Mr Mills is independent and his appointment is in line with the provisions of the UK Corporate Governance Code. He has not worked on the Company's business in the last three years and has no other business relationships which would compromise his independence.  Nevertheless given the significant minority who have voted against the resolution the Chairman intends to meet shareholders to discuss this issue with them.

Copies of the resolutions dealing with special business passed at the Annual General Meeting have been sent to the National Storage Mechanism and will shortly be available for inspection.

G N Francis

Group Company Secretary

Notes:

(i)             Discretionary votes representing less than 0.1% of the votes cast were also received on each resolution.

(ii)            A "vote withheld" is not a vote in law and is not counted in the total number of votes cast on a resolution or in the calculation of the percentages of the votes cast for or against a resolution.

(iii)        Resolutions 1-12 were ordinary resolutions and resolutions 13-15 were special resolutions.

(iv)           The issued share capital of the Company on 14 April 2016 was 307,681,943 ordinary shares.

 

END

 

 

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