Result of AGM

RNS Number : 0659Q

Watkin Jones plc

14 February 2019

 

For immediate release

14 February 2019

Watkin Jones plc

('Watkin Jones' or the 'Company')

Result of AGM

Watkin Jones plc (AIM:WJG), a leading UK developer and constructor of multi-occupancy residential property assets, with a focus on the student accommodation and build to rent sectors, announces that at the Company's Annual General Meeting held earlier today in London, all resolutions put to shareholders were duly passed.

A breakdown of proxy votes lodged prior to the meeting for each resolution is set out below and will also be made available on the Company's website:  www.watkinjonesplc.com

		For	%	Against	%	Withheld
1	Receive the Directors' report and financial statements	188,231,556	100.00	2,200	0.00	190,055
2	Declare a final dividend of 5.13 pence per ordinary share	188,423,811	100.00	0	0.00	0
3	Approve the Directors' remuneration report	172,607,170	91.61	15,816,641	8.39	0
4	Re-elect Grenville Turner as a Director	188,167,869	99.86	255,192	0.14	750
5	Elect Richard Simpson as a Director of the Company	188,377,143	99.98	45,918	0.02	750
6	Re-elect Philip Byrom as a Director	185,210,252	99.98	44,918	0.02	3,168,641
7	Re-elect Simon Laffin as a Director	182,141,245	96.67	6,281,816	3.33	750
8	Elect Liz Reilly as a Director of the Company	187,197,334	99.35	1,225,727	0.65	750
9	Re-appoint Ernst & Young LLP as auditor	188,410,154	100.00	8,907	0.00	4,750
10	Authorise the Directors to agree the remuneration of the auditor	188,420,904	100.00	2,907	0.00	0
11	Authorise the Directors to allot shares	188,310,073	99.94	112,988	0.06	750
12	Standard 5% disapplication of statutory pre-emption rights	188,401,056	99.99	22,005	0.01	750
13	Additional 5% disapplication of statutory pre-emption rights	183,921,312	97.61	4,501,749	2.39	750
14	Approve the purchase and cancellation of up to 10% of the issued ordinary share capital	167,511,133	100.00	0	0.00	20,912,678
15	Allow meetings other than annual general meetings to be called on not less than 14 clear days' notice	186,727,664	99.10	1,696,147	0.90	0

- Ends -

For further information:

Watkin Jones plc
Richard Simpson, Chief Executive Officer	Tel: [phone]
Phil Byrom, Chief Financial Officer	www.watkinjonesplc.com
Peel Hunt LLP (Nominated Adviser & Joint Corporate Broker)		Tel: [phone]
Mike Bell / Justin Jones		www.peelhunt.com
Jefferies Hoare Govett (Joint Corporate Broker)		Tel: [phone]
Max Jones / Will Soutar		www.jefferies.com

Media enquiries:

Buchanan
Henry Harrison-Topham / Richard Oldworth Jamie Hooper / Steph Watson	Tel: [phone]
[e-mail]	www.buchanan.uk.com

Notes to Editors

Watkin Jones is a leading UK developer and constructor of multi-occupancy residential property assets, with a focus on the student accommodation and build to rent sectors.  The Group has strong relationships with institutional investors, and a good reputation for successful, on-time-delivery of high quality developments.  Since 1999, Watkin Jones has delivered 38,000 student beds across 117 sites, making it a key player and leader in the UK purpose built student accommodation market.  In addition, the Fresh Property Group, the Group's specialist accommodation management company, manages over 15,000 student beds and build to rent apartments on behalf of its institutional clients.  Watkin Jones has also been responsible for over 80 residential developments, ranging from starter homes to executive housing and apartments.  The Group is now expanding its operations into the build to rent sector.

The Group's competitive advantage lies in its experienced management team and business model, which enables it to offer an end-to-end solution for investors, delivered entirely in-house with minimal reliance on third parties, across the entire life cycle of an asset.

Watkin Jones was admitted to trading on AIM in March 2016 with the ticker WJG.L.  For additional information please visit: www.watkinjonesplc.com

 

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