Results of AGM

RNS Number : 7270R

Sainsbury(J) PLC

07 July 2022

 

J Sainsbury plc

(the Company)

Results of AGM

Following the Annual General Meeting held today, J Sainsbury plc announces the results of the poll vote for each resolution. The Board was pleased to see all resolutions approved by shareholders except Resolution 21. Resolution 21 was a Special Resolution submitted by a small group of shareholders, co-ordinated by ShareAction, directing the Company to become a Living Wage accredited employer.

The Board firmly believes the Company must preserve the right to make independent business decisions which are not determined by an external organisation and therefore did not support resolution 21.

Resolution 21 required 75 per cent of votes in favour to pass. It received 16.7 per cent of votes and was therefore overwhelmingly rejected by shareholders.

Commenting on the ShareAction resolution, Martin Scicluna, Chairman of Sainsbury's said:

"We are proud to have led the way on colleague pay in our industry for the past five years and to pay our colleagues the living wage regardless of where they work in the country."

"We would like to thank our shareholders for their overwhelming votes of support and confidence in how Simon and his team are running the business. We believe very strongly in paying people well for the excellent job they do for our customers every single day. We also believe that we need to make all business investment decisions independently and that these decisions should not be outsourced to a third party."

		Votes For	% of Votes Cast	Votes Against	% of Votes Cast	Votes cast	Votes cast as a % of ISC	Votes Withheld1
1	To receive and adopt the Company's audited Annual Report and Financial Statements for the 52 weeks to 5 March 2022, together with the Reports of the Directors and auditor	1,808,534,797	99.99	113,567	0.01	1,808,648,364	77.17%	3,767,093
2	To approve the Annual Report on Remuneration	1,770,454,195	98.53	26,472,313	1.47	1,796,926,508	76.67%	15,487,949
3	To declare a final dividend of 9.9 pence per ordinary share in respect of the 52 weeks to 5 March 2022	1,811,301,047	99.99	258,825	0.01	1,811,559,872	77.29%	855,585
4	To elect Jo Bertram as a Director	1,794,404,993	99.07	16,869,476	0.93	1,811,274,469	77.28%	1,140,988
5	To re-elect Brian Cassin as a Director	1,769,281,401	97.68	42,044,555	2.32	1,811,325,956	77.28%	1,089,501
6	To re-elect Jo Harlow as a Director	1,764,497,419	97.60	43,303,205	2.40	1,807,800,624	77.13%	4,614,804
7	To re-elect Adrian Hennah as a Director	1,757,913,309	97.05	53,417,031	2.95	1,811,330,340	77.28%	1,084,918
8	To re-elect Tanuj Kapilashrami as a Director	1,768,748,163	97.65	42,538,320	2.35	1,811,286,483	77.28%	1,128,974
9	To re-elect Kevin O'Byrne as a Director	1,809,359,373	99.89	1,959,715	0.11	1,811,319,088	77.28%	1,096,198
10	To re-elect Simon Roberts as a Director	1,810,579,186	99.96	729,377	0.04	1,811,308,563	77.28%	1,106,894
11	To re-elect Martin Scicluna as a Director	1,754,846,666	96.88	56,480,483	3.12	1,811,327,149	77.28%	1,088,079
12	To re-elect Keith Weed as a Director	1,769,264,042	97.68	42,060,482	2.32	1,811,324,524	77.28%	1,087,579
13	To re-appoint Ernst & Young LLP as auditor	1,807,846,519	99.81	3,493,688	0.19	1,811,340,207	77.28%	1,075,221
14	To authorise the Audit Committee to determine the auditor's remuneration	1,810,160,557	99.93	1,232,064	0.07	1,811,392,621	77.29%	1,022,836
15	Directors' general authority to allot shares	1,754,340,631	96.85	57,059,589	3.15	1,811,400,220	77.29%	1,008,365
16	Directors' general authority to disapply pre-emption rights without restriction as to use (Special Resolution)	1,805,793,118	99.72	5,155,690	0.28	1,810,948,808	77.27%	1,466,649
17	Authority to disapply pre-emption rights for acquisitions or specified capital investments (Special Resolution)	1,735,381,190	95.83	75,553,648	4.17	1,810,934,838	77.27%	1,479,035
18	To authorise the Company to make 'political donations' and incur 'political expenditure'	1,463,294,053	99.58	6,167,956	0.42	1,469,462,009	62.70%	342,955,413
19	To authorise the Company to purchase its own shares (Special Resolution)	1,806,726,684	99.80	3,538,810	0.20	1,810,265,494	77.24%	2,149,891
20	To authorise the Company to call a general meeting on not less than 14 clear days' notice (Special Resolution)	1,690,202,105	93.31	121,229,131	6.69	1,811,431,236	77.29%	984,075
21	Shareholder Resolution on Living Wage accreditation (Special Resolution)	294,523,005	16.69	1,470,491,308	83.31	1,765,014,313	75.31%	47,414,289

¹ A vote withheld is not a vote under English law and is therefore not included in the calculation of votes for and against a resolution.

The total number of voting rights as at 7 July 2021 was   2,343,771,411 shares of 28⁴/₇ pence.

In accordance with Listing Rule 9.6.2, copies of the resolutions that do not constitute ordinary business at an annual general meeting will be submitted to the National Storage Mechanism and will be available for inspection at  https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

A copy of the voting results shown above will also be made available on the Company's website at https://www.about.sainsburys.co.uk/investors/shareholder-information/agm .

Investor Relations Enquiries	Media Enquiries
James Collins	Rebecca Reilly
[phone]	[phone]

 

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