Result of AGM

RNS Number : 6683W

SEGRO PLC

18 April 2019

 

18 April 2019

SEGRO plc (the Company)

Results of Annual General Meeting

A poll was held on each of the resolutions proposed at the Annual General Meeting (AGM) held earlier today. All resolutions were passed and the results are as follows:

Resolution	For (including discretionary)	Against	Withheld
1.   To receive the financial statements and the reports of the Directors and the auditor.	859,236,914	12,603	2,990,809
2.   To declare a final dividend of 13.25 pence per ordinary share.	857,199,398	2,992,289	2,048,639
3.   To approve the Directors' Remuneration Report.	437,531,605	383,403,396	41,305,324
4.   To approve the Directors' Remuneration Policy.	713,030,591	146,916,256	2,293,478
5.   To re-elect Gerald Corbett as Director.	856,080,640	4,069,915	2,089,770
6.   To re-elect Soumen Das as a Director.	852,988,835	7,164,011	2,087,480
7.   To re-elect Carol Fairweather as a Director.	858,081,219	2,056,120	2,102,987
8.   To re-elect Christopher Fisher as a Director.	719,737,810	140,375,501	2,127,014
9.   To re-elect Andy Gulliford as a Director.	855,959,083	4,184,260	2,096,983
10. To re-elect Martin Moore as a Director.	721,720,051	138,413,404	2,106,870
11. To re-elect Phil Redding as a Director.	853,430,624	6,713,589	2,096,113
12. To re-elect David Sleath as a Director.	857,313,361	2,829,663	2,097,302
13. To re-elect Doug Webb as a Director.	750,966,758	109,167,538	2,106,030
14. To elect Mary Barnard as a Director.	860,092,009	43,125	2,105,192
15. To elect Sue Clayton as a Director.	827,125,396	32,998,902	2,116,028
16. To re-appoint PricewaterhouseCoopers LLP as auditor of the Company.	854,971,192	5,189,978	2,079,156
17. To authorise the Audit Committee to determine the remuneration of the auditor.	824,423,953	35,741,707	2,074,665
18. To authorise political donations under the Companies Act 2006.	852,477,193	3,879,033	5,884,100
19. To confer on the Directors the general authority to allot shares.	856,412,317	3,741,637	2,086,372
20. To disapply statutory pre-emption rights relating to ordinary shares allotted under the authority granted by resolution 19.*	858,249,377	1,818,978	2,171,971
21. To disapply pre-emption rights in connection with an acquisition or specified capital investment.*	839,745,001	20,314,975	2,180,349
22. To authorise the Company to purchase its own shares.*	851,780,734	7,562,044	2,897,547
23. To enable a general meeting other than an AGM on not less than 14 clear days' notice.*	724,150,580	132,400,153	5,689,593
24. To amend the rules of the SEGRO plc Long Term Incentive Plan.	721,327,690	138,594,522	2,318,113

* indicates a special resolution

The number of shares in issue as at the date of this announcement is 1,084,534,002.

A copy of the resolutions passed as special business at today's AGM will, in accordance with Listing Rule 9.6.2., be submitted to the National Storage Mechanism.

As set out in the 2018 Annual Report, and following an extensive consultation with the Company's larger shareholders, the Remuneration Committee proposed a package of measures with the aim of ensuring that the Executive Directors remuneration arrangements properly served the best interests of the Company and its shareholders.  Whilst the new Remuneration Policy and amendments to the Long Term Incentive Plan were passed with over 80 per cent of votes in favour, the Directors note that the Remuneration Report was approved but with a significant minority of votes against. In these circumstances, the Remuneration Committee will continue to engage with shareholders to ensure their views are fully understood and considered.

Stephanie Murton

Legal Counsel

020 7451 9083

 

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