Result of AGM

RNS Number : 3505P

Mitchells & Butlers PLC

08 February 2023

 

8 February 2023

Mitchells & Butlers plc (the "Company")

LEI no. 213800JHYNDNB1NS2W10

Result of Annual General Meeting

Mitchells & Butlers plc announces the results of the voting at the Company's Annual General Meeting held today, 8 February 2023, at 9.00a.m.

All the resolutions were voted on by way of a poll and the results of each resolution are shown below.  All resolutions were duly approved by the relevant majority in each case. Resolution 18 was passed as a special resolution.  All other resolutions were passed as ordinary resolutions and, in the case of resolutions 3, 5  and 10, were also passed by a majority of the independent shareholders voting on the resolution, in accordance with LR 9.2.2ER.

		VOTES FOR (a)	%	VOTES AGAINST	%	VOTES TOTAL	% of ISC VOTED	VOTES WITHHELD (b)
1	Receipt of accounts	518,960,031	99.96	222,058	0.04	519,182,089	86.91%	194,952
2	Approval of Annual Report on Remuneration	407,632,174	78.49	111,692,375	21.51	519,324,549	86.93%	52,492
3	Elect Amanda Brown	518,922,464	99.92	421,735	0.08	519,344,199	86.94%	32,842
4	Re-elect Keith Browne	487,251,120	96.07	19,938,221	3.93	507,189,341	84.90%	12,187,700
5	Re-elect Dave Coplin	495,412,485	95.40	23,902,434	4.60	519,314,919	86.93%	62,122
6	Re-elect Eddie Irwin	463,421,815	91.37	43,760,583	8.63	507,182,398	84.90%	12,194,643
7	Re-elect Bob Ivell	435,896,753	83.93	83,450,208	16.07	519,346,961	86.94%	30,080
8	Re-elect Tim Jones	517,107,604	99.57	2,239,202	0.43	519,346,806	86.94%	30,235
9	Re-elect Josh Levy	418,367,396	82.49	88,815,307	17.51	507,182,703	84.90%	12,194,338
10	Re-elect Jane Moriarty	495,102,809	95.33	24,244,053	4.67	519,346,862	86.94%	30,179
11	Re-elect Phil Urban	518,102,793	99.76	1,244,346	0.24	519,347,139	86.94%	29,902
12	Reappointment of auditor	519,224,250	99.98	109,164	0.02	519,333,414	86.93%	43,627
13	Auditor's remuneration	519,254,000	99.99	77,631	0.01	519,331,631	86.93%	45,410
14	Political donations	517,531,970	99.66	1,765,583	0.34	519,297,553	86.93%	79,488
15	Approval of Sharesave Plan	518,941,696	99.92	391,017	0.08	519,332,713	86.93%	44,136
16	Approval of Share Incentive Plan	519,231,229	99.98	104,259	0.02	519,335,488	86.94%	41,657
17	Approval of 2023 Short Term Deferred Incentive Share Plan	518,918,858	99.93	385,101	0.07	519,303,959	86.93%	73,082
18	Notice period for meetings (c)	517,268,257	99.60	2,067,585	0.40	519,335,842	86.94%	41,199

VOTES EXCLUDING THE CONTROLLING SHAREHOLDER ON THE RESOLUTIONS CONCERNING THE ELECTION/ RE-ELECTION OF THE INDEPENDENT NON-EXECUTIVE DIRECTORS
		VOTES FOR (a)	%	VOTES AGAINST	%	VOTES TOTAL	% of ISC VOTED (excluding controlling shareholder)	VOTES WITHHELD (b)
3	Elect Amanda Brown (d)	180,088,769	99.77	421,735	0.23	180,510,504	69.82%	32,842
5	Re-elect Dave Coplin (d)	156,578,790	86.76	23,902,434	13.24	180,481,224	69.81%	62,122
10	Re-elect Jane Moriarty (d)	156,269,114	86.57	24,244,053	13.43	180,513,167	69.82%	30,179

NOTES:

(a) The "For" vote includes those giving the Chairman discretion.

(b) A vote "Withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" the resolution.

(c) Passed as a special resolution.

(d) Passed both as an ordinary resolution by a majority of all shareholders and by a majority of the independent shareholders voting on the resolution, in accordance with LR 9.2.2ER.

Votes "For" and "Against" are expressed as a percentage of votes received.  Voting was conducted by a poll.

The Board of Directors note the level of votes against resolution 2 (Annual Report on Remuneration) and are disappointed with the outcome of the voting on this resolution. The Board of Directors have sought to set out the rationale for the key decisions taken in relation to remuneration in the Annual Report, which they firmly believe to be in the best interests of all shareholders. The Board values an open and proactive dialogue with our shareholders and will continue to engage with shareholders in the coming year as part of the review of our remuneration policy, which is due to be put to shareholders at the 2024 AGM.

The number of shares in issue at 6.30p.m. on 6 February 2023 was 597,383,363, of which 258,549,668 were held by shareholders other than the controlling shareholder.

The full text of the resolutions can be found in the Notice of Annual General Meeting, which is available for inspection at the National Storage Mechanism https://data.fca.org.uk/#/nsm/nationalstoragemechanism and also on the Company's website at www.mbplc.com .

These results will shortly be available on the Company's website at  www.mbplc.com  and in accordance with Listing Rule 9.6.2, copies of the resolutions that were passed at the meeting and that do not constitute ordinary business at an annual general meeting will be submitted to the National Storage Mechanism and will shortly be available for inspection at  data.fca.org.uk

Denise Burton

Deputy Company Secretary

 

END

 

 

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