Result of AGM

Schroders PLC

25 April 2024

 

Schroders plc

Annual General Meeting ('AGM') 2024 Results

Schroders plc ('Schroders') confirms that all resolutions put to the AGM held earlier today were passed and the results are as follows:

	Resolution	For (including discretionary)	%	Against	%	Withheld	Votes cast as a percentage of Schroders issued ordinary share capitalǂ
1	To receive the Annual Report & Accounts	1,430,713,416	100.00	5,831	0.00	1,356,589	88.75%
2	To declare the Final Dividend	1,431,032,395	100.00	12,571	0.00	1,030,870	88.77%
3	To approve the Remuneration report	1,379,172,791	96.38	51,815,946	3.62	1,087,099	88.77%
4	To elect Iain Mackay	1,430,887,851	100.00	39,680	0.00	1,148,305	88.76%
4*	To elect Iain Mackay	721,522,083	99.99	39,680	0.01	191,933	80.07%
5	To elect Richard Oldfield	1,429,947,177	99.93	997,840	0.07	1,130,819	88.76%
6	To elect Annette Thomas	1,429,808,885	99.92	1,110,684	0.08	1,156,267	88.76%
6*	To elect Annette Thomas	720,443,117	99.85	1,110,684	0.15	199,895	80.07%
7	To elect Frederic Wakeman	1,430,883,275	100.00	33,406	0.00	1,159,155	88.76%
7*	To elect Frederic Wakeman	721,517,507	100.00	33,406	0.00	202,783	80.07%
8	To re-elect Dame Elizabeth Corley	1,420,899,953	99.30	10,033,985	0.70	1,141,898	88.76%
8*	To re-elect Dame Elizabeth Corley	711,534,185	98.61	10,033,985	1.39	185,526	80.07%
9	To re-elect Peter Harrison	1,429,912,059	99.93	1,045,702	0.07	1,118,075	88.77%
10	To re-elect Ian King	1,422,944,890	99.44	7,971,782	0.56	1,159,164	88.76%
10*	To re-elect Ian King	713,579,122	98.90	7,971,782	1.10	202,792	80.07%
11	To re-elect Rakhi Goss-Custard	1,423,283,639	99.47	7,631,520	0.53	1,160,677	88.76%
11*	To re-elect Rakhi Goss-Custard	713,917,871	98.94	7,631,520	1.06	204,305	80.07%
12	To re-elect Deborah Waterhouse	1,420,039,414	99.44	7,964,770	0.56	4,071,652	88.58%
12*	To re-elect Deborah Waterhouse	710,673,646	98.89	7,964,770	1.11	3,115,280	79.74%
13	To re-elect Matthew Westerman	1,400,610,800	97.88	30,315,125	2.12	1,149,911	88.76%
13*	To re-elect Matthew Westerman	691,245,032	95.80	30,315,125	4.20	193,539	80.07%
14	To re-elect Claire Fitzalan Howard	1,401,301,455	97.93	29,622,569	2.07	1,151,812	88.76%
15	To re-elect Leonie Schroder	1,401,308,200	97.93	29,637,059	2.07	1,130,577	88.76%
16	To re-appoint Ernst & Young LLP as auditor	1,427,940,310	99.79	3,052,692	0.21	1,082,834	88.77%
17	To authorise the Audit and Risk Committee to determine the auditor's remuneration	1,430,935,605	99.99	96,047	0.01	1,044,184	88.77%
18	To authorise Political Donations	1,321,280,036	99.05	12,687,400	0.95	98,108,400	82.75%
19ǂ	To approve the Panel's Waiver regarding Rule 9 of the Takeover Code	687,559,153	95.33	33,684,950	4.67	971,769	44.74%
20	To authorise the purchase of own shares	1,411,032,179	98.61	19,954,103	1.39	1,089,554	88.77%
21	Notice of general meetings	1,398,066,147	97.70	32,943,604	2.30	1,061,885	88.77%

As announced on 29 February 2024, Rhian Davies did not stand for re-election and stepped down as a Director at the conclusion of the Annual General Meeting.  

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 Schroders' total issued ordinary share capital as at 6pm on 23 April 2024, being the time at which a shareholder had to be registered in 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 at the date of this announcement is 1,612,071,525.

Resolutions 20 and 21 were passed as special resolutions. Copies of resolutions 18, 19, 20 and 21 will be filed at Companies House.

* In accordance with Listing Rule 9.2.2E, to be passed, resolutions 4, 6, 7, 8 and 10 to 13 must be approved by a simple majority of all shareholders and by a simple majority of the independent shareholders. The results of the independent shareholder vote on the applicable Resolutions are set out in 4*, 6*, 7*, 8* and 10* to 13*.

The Schroders issued ordinary share capital used for Resolutions 4*, 6*, 7*, 8* and 10* to 13* is 901,202,939 which is the total number of ordinary shares held by independent shareholders.

ǂ Only the votes of independent shareholders have been counted in determining the result of Resolution 19.

In accordance with LR 9.6.2, a copy of the resolutions passed, other than resolutions concerning ordinary business, at today's AGM will be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

The Chair's and Chief Executive's AGM update and a summary of the questions asked on the day and by email will be published on the AGM page of our website at www.schroders.com/AGM.

Enquiries:

Graham Staples

Company Secretary

Schroders plc

Tel: [phone]

25 April 2024

 

END