Result of AGM

RNS Number : 9539C

Watkin Jones plc

13 February 2020

 

For immediate release

13 February 2020

Watkin Jones plc

 ('Watkin Jones' or the 'Company')

Result of AGM

Watkin Jones plc (AIM:WJG), the UK's leading developer and manager of residential for rent, 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 and votes received at the meeting for each resolution is set out below and will also be made available on the Company's website: www.watkinjonesplc.com

	For	For	%	Against	%	Withheld
1	Receive the Directors' report and financial statements	162,263,133	100.00	2,200	0.00	113,572
2	Declare a final dividend of 5.6 pence per ordinary share	162,378,905	100.00	0	0.00	0
3	Approve the Directors' remuneration report	162,286,993	99.97	43,365	0.03	48,547
4	Re-elect Grenville Turner as a Director	161,803,515	99.65	572,728	0.35	2,662
5	Re-elect Richard Simpson as a Director	162,183,826	99.88	192,417	0.12	2,662
6	Re-elect Philip Byrom as a Director	162,162,526	99.87	213,717	0.13	2,662
7	Re-elect Simon Laffin as a Director	159,467,713	98.21	2,908,530	1.79	2,662
8	Re-elect Liz Reilly as a Director	161,804,536	99.65	571,707	0.35	2,662
9	Re-appoint Ernst & Young LLP as auditor	162,201,460	99.89	177,241	0.11	204
10	Authorise the Directors to agree the remuneration of the auditor	162,374,101	100.00	2,404	0.00	2,400
11	Authorise the Directors to allot shares	161,965,910	99.75	411,720	0.25	1,275
12	Standard 5% disapplication of statutory pre-emption rights	161,449,303	99.43	921,724	0.57	7,878
13	Additional 5% disapplication of statutory pre-emption rights	143,430,866	88.34	18,939,957	11.66	8,082
14	Approve the purchase and cancellation of up to 10% of the issued ordinary share capital	138,237,509	99.88	159,893	0.12	23,981,503
15	Allow meetings other than annual general meetings to be called on not less than 14 clear days' notice	161,587,666	99.52	786,645	0.48	4,594

- 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 / Ed Allsopp		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 the UK's leading developer and manager of residential for rent, with a focus on the student accommodation and Build to Rent sectors.  The Group has strong relationships with institutional investors, and a reputation for successful, on-time-delivery of high quality developments.  Since 1999, Watkin Jones has delivered 41,000 student beds across 123 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 nearly 18,000 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

 

END

 

 

RAGTJMJTMTTBBLM