Result of AGM

RNS Number : 2336C

Law Debenture Corp PLC

11 April 2017

 

THE LAW DEBENTURE CORPORATION p.l.c.

Results of Proxy Voting - AGM - 11 April 2017

Ordinary shares with voting rights in issue - 118,347,456

Turnout - based on number of valid votes cast (excluding votes withheld) on resolution 4, being the resolution that attracted the highest number of votes - 33,302,687 (28.14%)

Resolution No. 1 - to receive the strategic and directors' report and the accounts for the year ended 31 December 2016

For *		33,252,248
Against		12,439
Percentage majority in favour		99.96%
Votes withheld **		38,883

Resolution No. 2 - to approve the directors' remuneration report for the year ended 31 December 2016                       

For *		33,036,903
Against the resolution		164,436
Percentage majority in favour		99.50%
Votes withheld **		102,231

 

Resolution No. 3 - to approve the directors' remuneration policy                  

For *		33,095,166
Against the resolution		111,539
Percentage majority in favour		99.66%
Votes withheld **		96,865

Resolution No. 4 - to declare a final dividend of 11.50 pence per share        

For *		33,299,150
Against the resolution		3,537
Percentage majority in favour		99.99%
Votes withheld **		883

 

 

Resolution No.5 - to elect Michael Adams as a director

For *		33,287,752
Against the resolution		9,146
Percentage majority in favour		99.97%
Votes withheld **		6,672

Resolution No.6 - to re-elect Christopher Smith as a director

For *		33,274,909
Against the resolution		22,589
Percentage majority in favour		99.93%
Votes withheld **		6,072

Resolution No.7 - to re-elect Robert Laing as a director

For *		33,268,354
Against the resolution		24,144
Percentage majority in favour		99.93%
Votes withheld **		6,072

Resolution No.8 - to re-elect Mark Bridgeman as a director

For *		33,210,236
Against the resolution		35,598
Percentage majority in favour		99.89%
Votes withheld **		56,736

Resolution No.9 - to re-elect Tim Bond as a director

For *		33,221,479
Against the resolution		57,405
Percentage majority in favour		99.83%
Votes withheld **		24,686

 

 

Resolution No. 10 - to re-appoint BDO LLP as auditors

For *		32,979,118
Against the resolution		299,452
Percentage majority in favour		99.10%
Votes withheld **		25,000

Resolution No. 11 - general authority to allot shares  

For *		33,002,080
Against the resolution		299,740
Percentage majority in favour		99.10%
Votes withheld **		1,750

Resolution No. 12 - disapplication of statutory pre-emption rights (Special Resolution requiring 75% majority)

For *		32,849,545
Against the resolution		422,150
Percentage majority in favour		98.73%
Votes withheld **		31,875

 

 

Resolution No. 13 - General authority to buy back shares (Special Resolution requiring 75% majority)              

For *		33,019,572
Against the resolution		268,073
Percentage majority in favour		99.19%
Votes withheld **		15,925

Resolution No. 14 - authority to convene a general meeting - notice (Special Resolution requiring 75% majority)

           

For *		32,400,149
Against the resolution		862,737
Percentage majority in favour		97.41%
Votes withheld **		40,683

Notes:

* Votes "For" include any discretionary votes given to the Chairman or another named proxy.

** Votes withheld have no legal effect.

Contact: Ian Bowden 020 7696 5285

 

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