REG - Ashmore Group Plc - Result of AGM

AshmoreAnnouncement

14/10/2022 14:15

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RNS Number : 9888C  Ashmore Group PLC  14 October 2022

Ashmore Group plc (the "Company")

14 October 2022

Results of Annual General Meeting ("AGM")

 

 

The Board of Ashmore Group plc (the "Board") is pleased to announce that at
the AGM of the Company held earlier today all resolutions were duly passed on
a poll. All of the resolutions are accordingly declared as carried.
Resolutions 5, 6, 7 and 8, relating to the re-election of Independent
Non-Executive Directors, are carried by a majority of votes cast by both
Independent Shareholders as well as by a majority of votes cast by all
shareholders.

 

The Company welcomes the approval by shareholders of its Remuneration Report
in resolution 9. However it notes the 21.98% vote against it. The Company has
an ongoing programme of engagement with its shareholders and proxy advisers
and consequently it is aware of the views held by certain governance teams.
This engagement will continue and the Company will provide an update within
the next six months, as required by the UK Corporate Governance Code 2018.

 

The results of the poll on each resolution were as follows:

 

 

                                                                                     FOR           AGAINST       ABSTAIN*      TOTAL VOTE

                                                                                                                                            % age of total votes in favour
      Resolution Number                                                              No. of Votes  No. of Votes  No. of Votes

 1    To receive and adopt the Report and Accounts for the year ended 30 June 2022   591,870,242   818,275       1,437,438     592,688,517  99.86

 2    To declare a final dividend for the year ended 30 June 2022 of 12.1 pence per  594,121,795   280           3,880         594,122,075  100.00
      Ordinary Share
 3    To re-elect Mark Coombs as a Director                                          589,837,002   4,279,260     9,693         594,116,262  99.28
 4    To re-elect Tom Shippey as a Director                                          589,689,895   4,426,367     9,693         594,116,262  99.25
 5    To re-elect Clive Adamson as a Director (all shareholders)                     554,974,977   36,759,902    2,391,076     591,734,879  93.79
 5    To re-elect Clive Adamson as a Director (independent shareholders)             332,911,362   36,759,902    2,391,076     369,671,264  90.06
 6    To re-elect Helen Beck as a Director (all shareholders)                        537,747,843   56,368,418    9,694         594,116,261  90.51
 6    To re-elect Helen Beck as a Director (independent shareholders)                315,684,228   56,368,418    9,694         372,052,646  84.85
 7    To re-elect Jennifer Bingham as a Director (all shareholders)                  562,538,281   31,577,981    9,693         594,116,262  94.68
 7    To re-elect Jennifer Bingham as a Director (independent shareholders)          340,474,666   31,577,981    9,693         372,052,647  91.51
 8    To elect Shirley Garrood as a Director (all shareholders)                      593,970,078   146,184       9,693         594,116,262  99.98
 8    To elect Shirley Garrood as a Director (independent shareholders)              371,906,463   146,184       9,693         372,052,647  99.96
 9    To approve the Remuneration Report for the year ended 30 June 2022             433,517,825   122,140,125   38,468,005    555,657,950  78.02
 10   To re-appoint KPMG LLP as auditors                                             515,433,165   78,688,909    3,881         594,122,074  86.76
 11   To authorise the Audit and Risk Committee to agree the remuneration of the     593,939,149   179,349       7,457         594,118,498  99.97
      auditors
 12   To authorise political donations and political expenditure                     586,709,880   922,456       6,493,619     587,632,336  99.84
 13   To authorise the Directors to allot shares                                     591,975,037   2,143,461     7,457         594,118,498  99.64
 14   To authorise the dis-application of pre-emption rights up to 35,637,040        594,079,265   40,410        6,280         594,119,675  99.99
      shares**
 15   To authorise the dis-application of pre-emption rights up to a further         577,443,567   16,676,108    6,280         594,119,675  97.19
      35,637,040 shares**
 16   To authorise market purchases of shares**                                      583,438,652   10,616,931    70,372        594,055,583  98.21
 17   To approve the renewal of the waiver of the obligation under Rule 9 of the     337,066,726   17,526,341    17,469,274    354,593,067  95.06
      Takeover Code ***
 18   To reduce the notice period for general meetings other than an Annual General  582,071,421   12,045,137    9,397         594,116,558  97.97
      Meeting**

 

*               A vote withheld is not a vote in law and is not
counted in the calculation of the proportion of votes "for" or "against" a
resolution.

 

**             Indicates Special Resolutions requiring a 75%
majority

***            Mark Coombs has not voted on Resolution 17 as an
interested party

 

Ashmore Group PLC's Legal Entity Identifier (LEI) is 549300U3L59WB4YI2X12

 

In accordance with LR 9.6.2R, copies of resolutions concerning special
business passed at the Annual General Meeting today, have been submitted to
the Financial Conduct Authority's national storage mechanism. This document
will shortly be available to view at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

 

 

 

 

For further details, please contact:

 

Alexandra Autrey

Group Company Secretary

Ashmore Group plc

61 Aldwych

London WC2B 4AE

 

(T) +44 (0)20 3077 6142

 

 

 

END

 

 

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