AGM Results

RNS Number : 2700M

Schroders PLC

26 April 2018

 

Schroders plc ('Schroders')

Annual General Meeting ('AGM') 2018 Results

A poll was held on each of the resolutions proposed at the AGM held earlier today.  All resolutions were passed and the results are as follows:

	Resolution	For (including discretionary)	%	Against	%	Withheld	Votes cast as a percentage of Schroders issued ordinary share capital
1	To receive the Report & Accounts	191,056,820	99.96	67,396	0.04	107,626	84.56%
2	To declare the Final Dividend	191,227,208	100.00	0	0.00	4,634	84.61%
3	To approve the Remuneration report	183,227,563	95.83	7,971,986	4.17	32,292	84.59%
4	To elect Sir Damon Buffini	191,170,211	99.97	55,120	0.03	6,511	84.60%
4*	To elect Sir Damon Buffini	82,846,500	99.93	55,120	0.07	6,511	76.53%
5	To re-elect Michael Dobson	185,618,486	97.07	5,606,951	2.93	6,405	84.60%
6	To re-elect Peter Harrison	190,871,027	99.81	354,452	0.19	6,363	84.60%
7	To re-elect Richard Keers	190,365,969	99.55	859,453	0.45	6,420	84.60%
8	To re-elect Robin Buchanan	190,236,617	99.48	989,044	0.52	6,181	84.60%
8*	To re-elect Robin Buchanan	81,912,906	98.81	989,044	1.19	6,181	76.53%
9	To re-elect Rhian Davies	190,900,328	99.83	324,938	0.17	6,576	84.60%
9*	To re-elect Rhian Davies	82,576,617	99.61	324,938	0.39	6,576	76.53%
10	To elect Rakhi Goss-Custard	190,366,338	99.62	724,087	0.38	141,417	84.54%
10*	To elect Rakhi Goss-Custard	82,042,627	99.13	724,087	0.87	141,417	76.41%
11	To elect Ian King	190,840,983	99.80	384,309	0.20	6,550	84.60%
11*	To elect Ian King	82,517,272	99.54	384,309	0.46	6,550	76.53%
12	To re-elect Nichola Pease	189,120,285	99.75	470,093	0.25	1,641,464	83.88%
12*	To re-elect Nichola Pease	80,796,574	99.42	470,093	0.58	1,641,464	75.02%
13	To re-elect Philip Mallinckrodt	189,579,843	99.14	1,645,879	0.86	6,120	84.60%
14	To re-elect Bruno Schroder	187,225,589	97.91	3,999,750	2.09	6,503	84.60%
15	To appoint Ernst & Young as auditors	190,159,268	99.44	1,062,106	0.56	10,468	84.60%
16	To authorise the Audit and Risk Committee to determine the auditors' remuneration	190,783,305	99.77	443,162	0.23	5,375	84.61%
17	To renew the authority to allot shares	191,219,219	100.00	6,248	0.00	6,375	84.60%
18	To renew the authority to purchase own shares	190,231,763	99.55	861,875	0.45	138,204	84.55%
19	Notice of general meetings	187,544,402	98.07	3,683,306	1.93	4,134	84.61%

For the purposes of section 341 of the Companies Act 2006, the votes validly cast are expressed in the table above as a percentage of Schroders' total issued ordinary share capital as at 11.30am on 24 April 2018, being the time at which a shareholder had to be registered in the register of members in order to attend and vote at the AGM.  A vote "withheld" is not a vote in law and has not been counted as a vote "for" or "against" a resolution.

The number of ordinary shares in issue at the date of this announcement is 226,022,400.

Resolutions 18 and 19 were passed as special resolutions.  Copies of resolutions 17, 18 and 19 will be filed at Companies House.

In accordance with Listing Rule 9.2.2E, to be passed resolutions 4 and 8 to 12 must be approved by a simple majority of all shareholders and by a simple majority of the independent shareholders. The results of the independent shareholder vote on the applicable Resolutions are set out in 4* and 8* to 12* above.

In accordance with LR 9.6.2, a copy of the resolutions passed, other than resolutions concerning ordinary business, at today's AGM will be submitted to the National Storage Mechanism and will be available for inspection at http://www.morningstar.co.uk/uk/NSM.

As announced on 1 March 2018, Lord Howard of Penrith, having served on the Board for more than nine years, stepped down at the conclusion of the Annual General Meeting.   Philip Howard has been succeeded by Ian King as Senior Independent Director and by Nichola Pease as Chairman of the Remuneration Committee.

Enquiries:

Graham Staples

Company Secretary

Schroders plc

Tel: [phone]

26 April 2018

 

END

 

 

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