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M&G PLC (MNG)

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Wednesday 25 May, 2022

M&G PLC

Result of AGM

RNS Number : 8039M
M&G PLC
25 May 2022
 

M&G plc NEWS RELEASE

25 May 2022

M&G plc

ANNUAL GENERAL MEETING 2022 RESULTS

M&G plc (the 'Company') announces that Resolutions 1 to 17 (inclusive) being ordinary resolutions and Resolutions 18 to 21 (inclusive) being special resolutions, which were put to the Annual General Meeting of the Company held on 25 May 2022 at 10:00 ('AGM'), were duly passed and the results of the poll are as follows: 

RESOLUTION

VOTES FOR (including discretionary)

VOTES AGAINST

TOTAL VOTES CAST

VOTES WITHHELD

Number of votes

 

% of votes

 

Number of votes

% of votes

Total number of votes cast

 

% of issued share capital

 

 

1.  Report and Accounts.

1,853,201,047

99.99

244,784

0.01

1,853,445,831

71.78%

1,511,969

2.  Directors' Remuneration Report.

1,739,580,756

93.94

112,132,368

6.06

1,851,713,124

71.71%

3,250,913

3.  To elect Edward Braham.

1,852,578,032

99.91

1,651,931

0.09

1,854,229,963

71.81%

728,163

4.  To elect Kathryn McLeland.

1,849,021,888

99.72

5,210,021

0.28

1,854,231,909

71.81%

730,828

5.  To elect Debasish (Dev) Sanyal.

1,853,330,877

99.95

901,077

0.05

1,854,231,954

71.81%

730,783

6.  To re-elect John Foley.

1,852,168,702

99.89

2,077,565

0.11

1,854,246,267

71.81%

716,470

7.  To re-elect Clive Adamson.

1,832,487,109

98.83

21,755,071

1.17

1,854,242,180

71.81%

720,557

8.  To re-elect Clare Chapman.

1,787,729,693

96.41

66,488,074

3.59

1,854,217,767

71.81%

744,970

9.  To re-elect Fiona Clutterbuck.

1,588,326,192

85.66

265,924,879

14.34

1,854,251,071

71.81%

711,666

10.  To re-elect Clare Thompson.

1,787,773,760

96.42

66,466,231

3.58

1,854,239,991

71.81%

722,746

11.  To re-elect Massimo Tosato.

1,808,272,996

97.52

45,968,272

2.48

1,854,241,268

71.81%

721,469

12.  To appoint PricewaterhouseCoopers as the auditor of the Company.

1,844,865,648

99.49

9,424,364

0.51

1,854,290,012

71.81%

674,025

13.  Auditor's remuneration.

1,854,078,066

99.98

322,244

0.02

1,854,400,310

71.81%

563,727

14.  Political donations.

1,840,518,713

99.33

12,498,845

0.67

1,853,017,558

71.76%

1,946,479

15.  Climate Transition Plan.

1,447,739,373

79.57

371,601,733

20.43

1,819,341,106

70.45%

35,622,931

16.  Authority to allot shares.

1,621,511,789

87.45

232,745,434

12.55

1,854,257,223

71.81%

708,903

17.  Authority to allot mandatory convertible securities ("MCS").

1,640,415,238

88.46

213,917,774

11.54

1,854,333,012

71.81%

631,025

18.  Authority to disapply pre-emption rights for ordinary shares.

1,651,323,548

89.06

202,892,115

10.94

1,854,215,663

71.81%

748,374

19.  Authority to disapply pre-emption rights for MCS issuances.

1,599,314,635

86.25

254,886,191

13.75

1,854,200,826

71.80%

763,211

20.  Authority to purchase own shares.

1,846,028,421

99.59

7,683,029

0.41

1,853,711,450

71.79%

1,252,587

21.  Notice of general meetings.

1,785,764,412

96.31

68,485,654

3.69

1,854,250,066

71.81%

712,822

 

There were no restrictions on shareholders to cast votes on any of the resolutions proposed at the AGM. Votes withheld are not votes in law and therefore have not been counted in the calculation of the proportion of the votes for and against a resolution.  

As at 18:30 (UK time) on 24 May 2022, the number of issued shares of the Company was 2,557,325,924 ordinary shares, which was the total number of shares entitling the holders to attend and vote 'for' or 'against' all the resolutions at the AGM. In accordance with the Company's Articles of Association, on a poll, every member present in person or by proxy has one vote for every share held.

Pursuant to Listing Rule 9.6.2 of the UK Listing Rules, copies of all resolutions, other than those concerning ordinary business, passed at the AGM on 25 May 2022, will shortly be available to view via the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

Statement from the Board - Resolution 15 - 'Say on Climate' 

We note the outcome of voting on Resolution 15 - Say on Climate.

 

The Board of M&G plc believes the climate emergency is real and all companies need to be taking immediate action to address it.  As a responsible investor and asset manager, we want the companies in which we invest to publish climate transition plans and to demonstrate best practice by offering shareholders the opportunity to vote on these plans, notwithstanding they will evolve over time.  As a public listed company we hold ourselves to the same high standards.

 

We were one of the first companies in the world to commit to holding a Say on Climate vote and we are pleased that the majority of our shareholders have voted to approve our Say on Climate resolution, recognising that the path to decarbonisation is complex and fast evolving and that open communication with shareholders supports engagement by companies as well as providing transparency.

 

We will reflect on the feedback we already have from shareholders and continue to engage with shareholders proactively and transparently.  In line with the UK Corporate Governance Code, we will provide an update within six months of this Meeting.

 

Contact:

Alan Porter, General Counsel and Company Secretary - 020 8162 4064

Helen Archbold, Projects Lead and Business Manager - 0208 8162 0057

 

LEI: 254900TWUJUQ44TQJY84

3.1 Additional regulated information required to be disclosed under the laws of a Member State

 

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