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Rio Tinto (RIO)

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Thursday 06 May, 2021

Rio Tinto

Result of AGM

RNS Number : 7874X
Rio Tinto PLC
06 May 2021
 

 

6 May 2021

 

Results of Rio Tinto annual general meetings

 

The annual general meetings of Rio Tinto plc and Rio Tinto Limited were held on 9 April 2021 and 6 May 2021 respectively.

Under Rio Tinto's dual listed companies structure established in 1995, decisions on significant matters affecting shareholders of Rio Tinto plc and Rio Tinto Limited in similar ways are taken through a joint electoral procedure. Resolutions 1 to 17 in table 1 below, contained in the notices of meeting for each of Rio Tinto plc and Rio Tinto Limited, fall into this category.

Resolutions 18 to 22 of the Rio Tinto plc notice of meeting, in table 2 below, were put to Rio Tinto plc shareholders only.  Resolutions 18 to 20 of the Rio Tinto Limited notice of meeting, in table 3 below, were put to Rio Tinto Limited shareholders only.

All resolutions were carried, with the exception of resolution 3 (Approval of the Directors' Remuneration Report: Implementation Report), and resolution 4 (Approval of the Directors' Remuneration Report) put to shareholders of both Rio Tinto plc and Rio Tinto Limited as joint electorate matters, each being an advisory resolution under UK law and Australian law respectively. In accordance with the Australian Corporations Act 2001 and the UK Corporate Governance Code, we have provided further disclosure below in relation to those resolutions which did not meet the required voting thresholds.

The results of the Rio Tinto plc polls were certified by the scrutineer, Computershare Investor Services PLC, and the results of the Rio Tinto Limited polls were as reported by the duly appointed returning officer, a representative of Computershare Investor Services Pty Limited. These results are as set out below. Information on the final proxy position for each company is detailed in Appendix 1, and the votes cast on each resolution as a percentage of the issued capital of each company is set out on our website at www.riotinto.com/invest/shareholder-information/annual-general-meetings .

 

Table 1

The following joint decision resolutions, which were put to both Rio Tinto plc and Rio Tinto Limited shareholders on a poll at the respective annual general meetings, were duly carried, with the exception of advisory resolutions 3 and 4. The results of the polls were as follows:

   

Resolution

Total Votes Cast

For

Against

Withheld/ Abstained ¹

 

 

 

Number

%

Number

%

 

1.

Receipt of the 2020 Annual report

1,173,466,883

1,126,580,367

96.00

46,886,516

4.00

6,974,487

2.

Approval of the Remuneration Policy

1,158,135,440

1,121,067,623

96.80

37,067,817

3.20

22,272,424

3.

Approval of the Directors' Remuneration Report: Implementation Report

1,163,952,299

446,624,854

38.37

717,327,445

61.63

16,456,963

4.

Approval of the Directors' Remuneration Report

1,164,187,696

455,898,180

39.16

708,289,516

60.84

16,222,350

5.

To re-elect Megan Clark AC as a director

1,177,791,639

865,953,272

73.52

311,838,367

26.48

2,635,921

6.

To re-elect Hinda Gharbi as a director

1,178,067,475

1,174,515,729

99.70

3,551,746

0.30

2,363,296

7.

To re-elect Simon Henry as a director

1,178,078,758

1,165,598,790

98.94

12,479,968

1.06

2,353,178

8.

To re-elect Sam Laidlaw as a director

1,178,126,443

1,120,774,783

95.13

57,351,660

4.87

2,307,417

9.

To re-elect Simon McKeon AO as a director

1,177,999,801

1,164,748,332

98.88

13,251,469

1.12

2,434,060

10.

To re-elect Jennifer Nason as a director

1,178,068,310

1,173,185,436

99.59

4,882,874

0.41

2,364,926

11.

To re-elect Jakob Stausholm as a director

1,178,047,618

1,176,384,596

99.86

1,663,022

0.14

2,386,243

12.

To re-elect Simon Thompson as a director

1,175,569,160

1,112,668,380

94.65

62,900,780

5.35

4,864,573

13.

To re-elect Ngaire Woods CBE as a director

1,177,845,702

1,175,621,391

99.81

2,224,311

0.19

2,588,159

14.

Re- appointment of auditors

1,178,034,068

1,169,317,537

99.26

8,716,531

0.74

2,406,983

15.

Remuneration of auditors

1,177,895,236

1,176,943,510

99.92

951,726

0.08

2,536,130

16.

Authority to make political donations

1,174,062,280

1,162,581,754

99.02

11,480,526

0.98

6,355,115

17.

Renewal of and amendment to the Rio Tinto Global Employee Share Plan

1,174,016,715

1,171,810,454

99.81

2,206,261

0.19

6,422,616

 

¹ In calculating the results of the respective polls under the joint electoral procedure, "withheld" votes at Rio Tinto plc's meeting are aggregated with "abstained" votes at Rio Tinto Limited's meeting.  For all relevant purposes "withheld" votes and "abstained" votes have the same meaning. They are not included in the calculation of the proportion of votes for and against each resolution.

 

 

Remuneration Report (resolutions 3 and 4)

 

The advisory resolutions to approve the Remuneration Report (resolutions 3 and 4) were not passed as ordinary resolutions.

 

As more than 25% of the votes cast were against resolution 4, this constitutes a "first strike" for the purposes of section 250U of the Australian Corporations Act 2001.

 

The Board acknowledges that the executive pay outcomes in relation to the tragic events at Juukan Gorge are sensitive and contentious issues. The Board understands the voting outcome in relation to the 2020 Remuneration Report was a response to the extent of the malus adjustment applied to unvested LTIP awards of the former Chief Executive, Chief Executive Iron Ore and Group Executive Corporate Relations.

 

Since the company announced the findings of the Board Review of cultural heritage management in August 2020, the Board has engaged extensively with shareholders and proxy advisors to explain the rationale for the decisions reached on executive pay and to listen to feedback.

 

The Remuneration Committee has already reflected that feedback in formulating the new Remuneration Policy, which received strong support from shareholders at the AGMs (96.80% FOR). The new Remuneration Policy strengthens the Board's ability to exercise discretion through the revised malus provisions in relation to events having a major adverse impact on the Group's social license to operate or reputation. In addition, the new Policy introduces ESG metrics, including in relation to communities and heritage management, into the STIP.

 

During the course of 2021, the Remuneration Committee will engage further with shareholders in response to the 2020 Remuneration Report vote. The Committee will take time to reflect further on the feedback already received and on any new input obtained from this subsequent engagement, in particular as it considers the implementation of the new Remuneration Policy.

 

The Remuneration Committee will outline any additional measures that it proposes to take in response to this feedback ahead of next year's AGMs.

 

Re-election of Dr Megan Clark AC (resolution 5)

 

The re-election of Dr Megan Clark AC as a director was passed as an ordinary resolution, with 73.52% votes in favour of her appointment.

 

Rio Tinto acknowledges that the reduced vote for Dr Clark's re-election compared to previous years reflects the fact that, as Chair of the Sustainability Committee at the time that the rock shelters at Juukan Gorge were destroyed, Dr Clark shares accountability for the failings in the areas of communities and social performance that led to those events occurring.

 

In light of the support provided by almost 75% of shareholders, Dr Clark and the Board have carefully weighed the need for accountability for the events at Juukan Gorge against the significant contribution, experience and continuity that Dr Clark brings to the Board and the Group's relationship with Traditional Owners, and concluded that she should remain on the Board in order to provide stability at this important time for Rio Tinto.

 

The Board notes that, in March 2021, Simon Thompson announced that, as Chairman of the Board, he accepted ultimate accountability for the failings which led to the tragic events at Juukan Gorge, and that he would therefore not seek re-election at the 2022 AGMs.

 

Following Mr Thompson's departure and the previously announced resignations of Michael L'Estrange and David Constable, Dr Clark will be the most experienced Non-Executive Director on the Board and the only Board member with mining industry experience.

 

As Chair of the Sustainability Committee, Dr Clark is leading the Board's oversight of the implementation of the Board Review recommendations into cultural heritage management.

 

Importantly, Dr Clark is playing an active and important role on behalf of the Board in engaging with the Traditional Owners of the lands where the company operates in Western Australia, including attending engagements with stakeholders. As an Australian resident, Dr Clark is committed to attending several such meetings with Traditional Owners during 2021. As such, she is playing a key role for Rio Tinto in rebuilding trust and in ensuring that communities have a clear channel to escalate any concerns on the ground directly to the Board.

 

In view of the reduced vote, the Board will continue to consult with shareholders and will consider their feedback as it continues to oversee the implementation of the Group's priorities in social performance and cultural heritage management.

 

Table 2

 

The following resolutions were put to Rio Tinto plc shareholders only and carried at the Rio Tinto plc meeting held on 9 April 2021. Resolutions 18 and 19 were carried as an ordinary resolutions and resolutions 20 to 22 as special resolutions. In accordance with the UK Listing Authority's Listing Rule 9.6.2, copies of all the resolutions passed by Rio Tinto plc shareholders, other than ordinary business, have been submitted to the National Storage Mechanism and are available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism . The results of the polls were as follows:

 

 

Resolution

Total Votes Cast

For

Against

Withheld/ Abstained

 

 

 

Number

%

Number

%

 

18.

Renewal of and amendment to the Rio Tinto UK Share Plan

961,465,286

958,961,532

99.74

2,503,754

0.26

1,824,362

19.

General authority to allot shares

961,527,725

942,842,741

98.06

18,684,984

1.94

1,746,184

20.

Disapplication of pre-emption rights

961,076,903

958,441,387

99.73

2,635,516

0.27

2,210,031

21.

Authority to purchase Rio Tinto plc shares

961,450,099

766,908,987

79.77

194,541,112

20.23

1,839,548

22.

Notice period for general meetings other than annual general meetings

961,581,840

907,313,113

94.36

54,268,727

5.64

1,704,804

 

Authority to purchase Rio Tinto plc shares (resolution 21)

Resolution 21 'Authority to purchase Rio Tinto plc shares' was passed as a special resolution, but with less than 80% of votes in favour. As previously announced, Shining Prospect (a subsidiary of the Aluminium Corporation of China "Chinalco") voted against Resolution 21. Chinalco has not sold any of its shares in Rio Tinto plc and now has a holding of just over 14% given its non-participation in the Company's significant share buyback programmes. This places Chinalco close to the 14.99% holding threshold agreed with the Australian Government at the time of its original investment in Rio Tinto.

 

 

Table 3

Resolutions 18 to 20 below were put to Rio Tinto Limited shareholders only. Resolution 18 was carried as a special resolution and resolutions 19 and 20 as ordinary resolutions. The results of the polls were as follows:

 

Resolution

Total Votes Cast

For

Against

Withheld /

Abstained

 

 

 

Number

%

Number

%

 

18.

Renewal of off-market and on-market share buy-back authorities

216,147,160

211,750,494

97.97

4,396,666

2.03

1,004,867

19.

Requisitioned resolution on emissions targets

216,068,911

213,945,619

99.02

2,123,292

0.98

1,084,348

20.

Requisitioned resolution on climate-related lobbying

216,146,945

214,081,563

99.04

2,065,382

0.96

1,006,314

 

LEI: 213800YOEO5OQ72G2R82

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

 

 

 

 

Contacts

Please direct all enquiries to [email protected]

 

Media Relations, UK

Illtud Harri

M +44 7920 503 600

 

David Outhwaite

M +44 7787 597 493

 

Media Relations, Americas

Matthew Klar

T +1 514 608 4429

 

Investor Relations, UK

Menno Sanderse

M: +44 7825 195 178

 

David Ovington

M +44 7920 010 978

 

Clare Peever

M +44 7788 967 877

 

Media Relations, Australia

Jonathan Rose

M +61 447 028 913

 

Matt Chambers

M +61 433 525 739

 

Jesse Riseborough

M +61 436 653 412

 

Investor Relations, Australia

Natalie Worley

M +61 409 210 462

 

Amar Jambaa

M +61 472 865 948

Rio Tinto plc

6 St James's Square
London SW1Y 4AD
United Kingdom

 

T +44 20 7781 2000
Registered in England

No. 719885

Rio Tinto Limited

Level 7, 360 Collins Street

Melbourne 3000

Australia

 

T +61 3 9283 3333

Registered in Australia

ABN 96 004 458 404

 

This announcement is authorised for release to the market by Steve Allen, Rio Tinto's Group Company Secretary.

 

riotinto.com

 

 

 

Appendix 1

 

FINAL PROXY POSITION

 

 

Shareholders are encouraged to look at the voting figures provided in the main part of this announcement, as proxy figures may not be an accurate indication of the voting at the annual general meetings; a proxy is an authority or direction to the proxy holder to vote and not a vote itself. As such, the proxy figures do not reflect the votes cast by shareholders who attend the meeting in person, or through an attorney or corporate representative.

 

References in this appendix in respect of resolutions 1-17 to an appointment specifying that a proxy abstain on a resolution should, when referring to voting at Rio Tinto plc's annual general meeting, be taken as references to the appointment specifying that the proxy withhold from voting on a resolution.

 

The proxy position for each company (excluding the proxy votes carried from one meeting to the other meeting by the Special Voting Shares in accordance with the DLC structure) on the resolutions put to both Rio Tinto plc and Rio Tinto Limited shareholders under the joint electoral procedure was as follows:

 

PROXY POSITION FOR RIO TINTO PLC AND RIO TINTO LIMITED ON JOINT DECISIONS

Rio Tinto plc

Rio Tinto Limited

1. Receipt of the 2020 Annual report

 

 

Total number of proxy votes exercisable by all proxies validly appointed:

955,224,845

212,107,477

Total number of proxy votes in respect of which the appointments specified that the proxy:

 

 

(i)  was to vote for the resolution

909,815,631

208,186,670

(ii)  was to vote against the resolution

45,057,908

1,824,283

(iii)  was to abstain on the resolution

1,812,411

4,896,797

(iv)  may vote at the proxy's discretion

351,306

2,096,524

2. Approval of the Remuneration Policy

 

 

Total number of proxy votes exercisable by all proxies validly appointed:

936,615,754

215,407,029

Total number of proxy votes in respect of which the appointments specified that the proxy:

 

 

(i)  was to vote for the resolution

910,916,192

202,494,685

(ii)  was to vote against the resolution

25,350,577

11,076,536

(iii)  was to abstain on the resolution

20,418,089

1,583,523

(iv)  may vote at the proxy's discretion

348,985

1,835,808

3. Approval of the Directors' Remuneration Report: Implementation Report

 

 

Total number of proxy votes exercisable by all proxies validly appointed:

943,878,796

214,254,562

Total number of proxy votes in respect of which the appointments specified that the proxy:

 

 

(i)  was to vote for the resolution

419,933,487

24,691,372

(ii)  was to vote against the resolution

523,590,417

187,726,356

(iii)  was to abstain on the resolution

13,156,444

2,735,990

(iv)  may vote at the proxy's discretion

354,892

1,836,834

4. Approval of the Directors' Remuneration Report

 

 

Total number of proxy votes exercisable by all proxies validly appointed:

943,804,433

214,271,146

Total number of proxy votes in respect of which the appointments specified that the proxy:

 

 

(i)  was to vote for the resolution

419,946,054

33,392,104

(ii)  was to vote against the resolution

523,506,015

179,036,390

(iii)  was to abstain on the resolution

13,231,792

2,719,206

(iv)  may vote at the proxy's discretion

352,364

1,842,652

5. To re-elect Megan Clark AC as a director

 

 

Total number of proxy votes exercisable by all proxies validly appointed:

954,718,288

216,683,245

Total number of proxy votes in respect of which the appointments specified that the proxy:

 

 

(i)  was to vote for the resolution

719,486,279

140,004,657

(ii)  was to vote against the resolution

234,854,574

74,797,562

(iii)  was to abstain on the resolution

2,315,155

320,017

(iv)  may vote at the proxy's discretion

377,435

1,881,026

6. To re-elect Hinda Gharbi as a director

 

 

Total number of proxy votes exercisable by all proxies validly appointed:

955,284,259

216,658,423

Total number of proxy votes in respect of which the appointments specified that the proxy:

 

 

(i)  was to vote for the resolution

953,606,092

213,109,115

(ii)  was to vote against the resolution

1,303,348

1,675,842

(iii)  was to abstain on the resolution

1,752,547

344,686

(iv)  may vote at the proxy's discretion

374,819

1,873,466

7. To re-elect Simon Henry as a director

 

 

Total number of proxy votes exercisable by all proxies validly appointed:

955,292,818

216,661,347

Total number of proxy votes in respect of which the appointments specified that the proxy:

 

 

(i)  was to vote for the resolution

948,253,601

208,978,154

(ii)  was to vote against the resolution

6,663,999

5,803,893

(iii)  was to abstain on the resolution

1,743,988

342,927

(iv)  may vote at the proxy's discretion

375,218

1,879,300

8. To re-elect Sam Laidlaw as a director

 

 

Total number of proxy votes exercisable by all proxies validly appointed:

955,070,078

216,666,459

Total number of proxy votes in respect of which the appointments specified that the proxy:

 

 

(i)  was to vote for the resolution

908,679,716

205,214,182

(ii)  was to vote against the resolution

46,015,204

9,548,680

(iii)  was to abstain on the resolution

1,968,653

337,815

(iv)  may vote at the proxy's discretion

375,158

1,903,597

9. To re-elect Simon McKeon AO as a director

 

 

Total number of proxy votes exercisable by all proxies validly appointed:

955,226,551

216,649,422

Total number of proxy votes in respect of which the appointments specified that the proxy:

 

 

(i)  was to vote for the resolution

948,418,832

209,362,004

(ii)  was to vote against the resolution

6,428,153

5,395,533

(iii)  was to abstain on the resolution

1,812,180

354,852

(iv)  may vote at the proxy's discretion

379,566

1,891,885

10. To re-elect Jennifer Nason as a director

 

 

Total number of proxy votes exercisable by all proxies validly appointed:

955,276,454

216,667,063

Total number of proxy votes in respect of which the appointments specified that the proxy:

 

 

(i)  was to vote for the resolution

952,067,841

212,747,582

(ii)  was to vote against the resolution

2,829,718

2,038,074

(iii)  was to abstain on the resolution

1,762,260

336,603

(iv)  may vote at the proxy's discretion

378,895

1,881,407

11. To re-elect Jakob Stausholm as a director

 

 

Total number of proxy votes exercisable by all proxies validly appointed:

955,276,894

216,646,096

Total number of proxy votes in respect of which the appointments specified that the proxy:

 

 

(i)  was to vote for the resolution

954,529,595

213,453,360

(ii)  was to vote against the resolution

360,543

1,300,174

(iii)  was to abstain on the resolution

1,761,837

358,178

(iv)  may vote at the proxy's discretion

386,756

1,892,562

12. To re-elect Simon Thompson as a director

 

 

Total number of proxy votes exercisable by all proxies validly appointed:

955,162,141

214,282,895

Total number of proxy votes in respect of which the appointments specified that the proxy:

 

 

(i)  was to vote for the resolution

914,725,555

189,648,205

(ii)  was to vote against the resolution

40,054,033

22,746,345

(iii)  was to abstain on the resolution

1,876,463

2,721,379

(iv)  may vote at the proxy's discretion

382,553

1,888,345

13. To re-elect Ngaire Woods CBE as a director

 

 

Total number of proxy votes exercisable by all proxies validly appointed:

955,293,116

216,427,793

Total number of proxy votes in respect of which the appointments specified that the proxy:

 

 

(i)  was to vote for the resolution

954,054,016

212,981,312

(ii)  was to vote against the resolution

859,677

1,349,552

(iii)  was to abstain on the resolution

1,745,615

576,481

(iv)  may vote at the proxy's discretion

379,423

2,096,929

14. Re- appointment of auditors

 

 

Total number of proxy votes exercisable by all proxies validly appointed:

955,198,122

216,702,176

Total number of proxy votes in respect of which the appointments specified that the proxy:

 

 

(i)  was to vote for the resolution

946,466,947

214,272,699

(ii)  was to vote against the resolution

8,374,934

341,185

(iii)  was to abstain on the resolution

1,839,341

301,572

(iv)  may vote at the proxy's discretion

356,241

2,088,292

15. Remuneration of auditors

 

 

Total number of proxy votes exercisable by all proxies validly appointed:

955,091,857

216,672,700

Total number of proxy votes in respect of which the appointments specified that the proxy:

 

 

(i)  was to vote for the resolution

954,325,034

214,041,848

(ii)  was to vote against the resolution

407,985

541,898

(iii)  was to abstain on the resolution

1,937,648

330,541

(iv)  may vote at the proxy's discretion

358,838

2,088,954

16. Authority to make political donations

 

 

Total number of proxy votes exercisable by all proxies validly appointed:

954,889,216

216,692,128

Total number of proxy votes in respect of which the appointments specified that the proxy:

 

 

(i)  was to vote for the resolution

945,691,686

212,022,074

(ii)  was to vote against the resolution

8,851,247

2,612,616

(iii)  was to abstain on the resolution

2,132,998

303,272

(iv)  may vote at the proxy's discretion

346,283

2,057,438

17. Renewal of and amendment to the Rio Tinto Global Employee Share Plan

 

 

Total number of proxy votes exercisable by all proxies validly appointed:

951,692,092

216,215,332

Total number of proxy votes in respect of which the appointments specified that the proxy:

 

 

(i)  was to vote for the resolution

950,029,348

213,237,319

(ii)  was to vote against the resolution

1,308,686

899,004

(iii)  was to abstain on the resolution

5,344,345

788,942

(iv)  may vote at the proxy's discretion

354,058

2,079,009

 

 

 

 

PROXY POSITION FOR RIO TINTO PLC ONLY MATTERS - RESOLUTIONS FROM MEETING HELD ON 9 APRIL 2021

Rio Tinto plc

18. Renewal of and amendment to the Rio Tinto UK Share Plan

 

Total number of proxy votes exercisable by all proxies validly appointed:

955,479,396

Total number of proxy votes in respect of which the appointments specified that the proxy:

 

(i)  was to vote for the resolution

952,597,969

(ii)  was to vote against the resolution

2,503,753

(iii)  was to abstain on the resolution

1,559,385

(iv)  may vote at the proxy's discretion

377,674

19. General authority to allot shares

 

Total number of proxy votes exercisable by all proxies validly appointed:

955,541,835

Total number of proxy votes in respect of which the appointments specified that the proxy:

 

(i)  was to vote for the resolution

936,500,774

(ii)  was to vote against the resolution

18,684,983

(iii)  was to abstain on the resolution

1,481,207

(iv)  may vote at the proxy's discretion

356,078

20. Disapplication of pre-emption rights

 

Total number of proxy votes exercisable by all proxies validly appointed:

955,092,089

Total number of proxy votes in respect of which the appointments specified that the proxy:

 

(i)  was to vote for the resolution

952,095,035

(ii)  was to vote against the resolution

2,635,248

(iii)  was to abstain on the resolution

1,943,978

(iv)  may vote at the proxy's discretion

361,806

 

 

 

 

21. Authority to purchase Rio Tinto plc shares

 

Total number of proxy votes exercisable by all proxies validly appointed:

955,464,210

Total number of proxy votes in respect of which the appointments specified that the proxy:

 

(i)  was to vote for the resolution

760,637,175

(ii)  was to vote against the resolution

194,474,866

(iii)  was to abstain on the resolution

1,574,571

(iv)  may vote at the proxy's discretion

352,169

22. Notice period for general meetings other than annual general meetings

 

Total number of proxy votes exercisable by all proxies validly appointed:

955,595,951

Total number of proxy votes in respect of which the appointments specified that the proxy:

 

(i)  was to vote for the resolution

902,097,280

(ii)  was to vote against the resolution

53,148,776

(iii)  was to abstain on the resolution

1,439,827

(iv)  may vote at the proxy's discretion

349,895

 

PROXY POSITION FOR RIO TINTO LIMITED ONLY MATTERS - RESOLUTIONS FROM MEETING HELD ON 6 MAY 2021

Rio Tinto Limited

18. Renewal of off-market and on-market share buy-back authorities

 

Total number of proxy votes exercisable by all proxies

validly appointed:

216,004,605

Total number of proxy votes in respect of which the

appointments specified that the proxy:

 

(i)  was to vote for the resolution

209,509,670

(ii)  was to vote against the resolution

4,402,834

(iii)  was to abstain on the resolution

999,669

(iv)  may vote at the proxy's discretion

2,092,101

 

 

 

 

19. Requisitioned resolution on emissions targets

 

Total number of proxy votes exercisable by all proxies validly appointed:

215,960,329

Total number of proxy votes in respect of which the appointments specified that the proxy:

 

(i)  was to vote for the resolution

211,989,439

 

(ii)  was to vote against the resolution

2,105,218

(iii)  was to abstain on the resolution

1,043,945

(iv)  may vote at the proxy's discretion

1,865,672

20. Requisitioned resolution on climate-related lobbying

 

Total number of proxy votes exercisable by all proxies validly appointed:

216,038,363

Total number of proxy votes in respect of which the appointments specified that the proxy:

 

(i)  was to vote for the resolution

212,133,724

(ii)  was to vote against the resolution

2,047,645

(iii)  was to abstain on the resolution

965,911

(iv)  may vote at the proxy's discretion

1,856,994

 

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