Results of AGM and Board Changes

RNS Number : 7432U

Law Debenture Corp PLC

07 April 2021

 

The Law Debenture Corporation p.l.c.

8^th Floor

100 Bishopsgate

London

EC2N 4AG

7 April 2021

Annual General Meeting Poll Results

The Law Debenture Corporation p.l.c. (the "Corporation") announces that at the Annual General Meeting ("AGM") held earlier today, all resolutions set out in the Notice of AGM were duly passed by way of poll and the results are as follows:

Resolutions	Description	For (including discretionary)	%	Against	%	Withheld	Votes cast as a % of TVR
1	Report and accounts	29,223,656	99.99	1,986	0.01	20,256	24.26
2	Directors' Remuneration Report	28,152,740	97.21	809,105	2.79	284,053	24.05
3	Final dividend of 8.00p	29,142,531	100.00	883	0.00	102,484	24.20
4	Re-elect Denis Jackson	28,912,882	99.22	226,710	0.78	106,306	24.19
5	Re-elect Robert Hingley	28,819,550	98.91	316,480	1.09	109,868	24.19
6	Re-elect Mark Bridgeman	29,067,693	99.64	105,187	0.36	73,018	24.22
7	Re-elect Tim Bond	29,024,362	99.53	137,871	0.47	83,665	24.21
8	Re-elect Claire Finn	29,035,076	99.54	133,642	0.46	77,180	24.22
9	Elect Trish Houston	28,958,143	99.48	151,545	0.52	136,210	24.17
10	Re-appoint BDO LLP as statutory auditors	29,148,036	99.81	55,880	0.19	41,982	24.25
11	Authorise the Audit and Risk Committee to determine the auditor's remuneration	29,158,535	99.82	52,345	0.18	35,018	24.25
12	Authority to allot shares	29,071,808	99.55	132,398	0.45	41,692	24.25
13*	Authority to disapply pre-emption rights	28,620,110	98.20	525,929	1.80	99,859	24.20
14*	Additional authority to disapply pre-emption rights for acquisitions or specified capital investment	27,970,507	95.98	1,172,390	4.02	103,001	24.20
15*	Authority to buy back shares	29,049,812	99.42	169,691	0.58	26,395	24.26
16*	Adoption of New Articles	28,888,205	99.83	49,150	0.17	306,043	24.02
17*	Authority to call general meeting on 14 days' notice	28,886,697	98.84	337,938	1.16	21,263	24.26

*  Special resolutions.

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 the Corporation's total voting rights as at close of business on 1 April 2021, being the time at which shareholders had to be registered on 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 as at the date of this announcement is 120,582,842 with no ordinary shares held in treasury. As at the date of this announcement the Corporation's total voting rights therefore comprises 120,582,842 shares with one vote each.

A copy of the special resolutions and resolution 12 (the "Resolutions"), the newly adopted Articles of Association dated 7 April 2021 (the "Articles") and the 2020 Annual Report and Accounts will be filed at Companies House. The Resolutions and Articles will be submitted today to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism   in compliance with Listing Rule 9.2.6ER.

Board Changes

Following Robert Laing's retirement from the Board, including his appointments as Remuneration Committee Chair and Senior Independent Director, the Corporation announces the appointment of Non-Executive Director Tim Bond as Senior Independent Director of the Corporation with effect from the conclusion of the AGM held earlier today (the "Effective Date").

As previously announced, Non-Executive Director Claire Finn has been appointed Chair of the Remuneration Committee from the Effective Date.

Law Debenture Corporate Services Limited, Corporate Secretary

7 April 2021

Contact:  Alison Skerritt, Tel: [phone]

The Law Debenture Corporation p.l.c. is registered in England, company registration number 30397. LEI number - 2138006E39QX7XV6PP21

 

END

 

 

RAGIRMFTMTAMBTB