REG - Britvic plc - Result of AGM

BritvicAnnouncement

31/01/2020 14:30

RNS Number : 6160B
Britvic plc
31 January 2020
 


Britvic plc
LEI: 635400L3NVMYD4BVCI53
31 January 2020
 
Result of Annual General Meeting
 
Britvic plc (the "Company") announces that the following resolutions were duly passed at the Company's Annual General Meeting which was held at 11.00 a.m. on 31 January 2020 at Linklaters LLP, One Silk Street, London EC2Y 8HQ.  The results of the poll are as follows:
 




No.


Resolution


Total For (1)


%


Total Against


%


Votes
Withheld (2)




Ordinary Resolutions




1.            


Receive the Annual Report for 52 weeks ended 29 September 2019


204,553,499


99.98


37,944


0.02


335,306




2.            


Declare a final dividend of 21.7p per share


204,877,451


99.98


37,845


0.02


11,453




3.            


Approve the directors' remuneration report for 52 weeks ended 29 September 2019


172,582,297


87.27


25,171,913


12.73


7,172,538




4.            


Re-election of John Daly as a director


192,384,425


93.92


12,443,736


6.08


98,587




5.            


Re-election of Suniti Chauhan as a director


204,104,940


99.65


721,101


0.35


100,708




6.            


Re-election of Sue Clark as a director


193,791,415


97.10


5,785,629


2.90


5,349,704




7.            


Re-election of William Eccleshare as a director


151,721,999


74.07


53,103,141


25.93


101,608




8.            


Re-election of Simon Litherland as a director


203,996,387


99.59


831,636


0.41


96,826




9.            


Re-election of Ian McHoul as a director


162,312,565


79.24


42,513,525


20.76


98,759




10.            


Re-election of Euan Sutherland as a director


204,064,891


99.63


758,860


0.37


100,208




11.            


Election of Joanne Wilson as a director


204,045,481


99.62


779,512


0.38


99,856




12.            


Re-appointment of Ernst & Young LLP as auditors


202,033,339


98.60


2,873,093


1.40


18,416




13.            


Authority to Audit Committee to fix the remuneration of the auditors


202,339,510


98.75


2,568,825


1.25


16,956




14.            


Authority to make political donations and incur political expenditure


203,871,918


99.50


1,027,750


0.50


25,181




15.            


Authority to directors to allot shares


173,614,046


84.73


31,285,893


15.27


24,910




Special Resolutions




16.            


Authority to directors to issue shares for cash


194,864,801


99.87


256,915


0.13


9,803,133




17.            


Authority to issue shares for cash in relation to an acquisition or other capital investment


180,152,037


92.33


14,969,548


7.67


9,803,263




18.            


Authority to company to purchase own shares


204,237,223


99.73


561,153


0.27


126,472




19.            


Authority to hold general meetings (other than AGMs) on 14 clear days' notice


180,098,088


87.89


24,810,318


12.11


16,443




 
The Company's issued share capital as at 31 January 2020 was 266,034,277 shares of 20 pence each. 77.03% of the issued share capital was instructed. 
 




(1)


Includes those votes giving the Chairman discretion




(2)


A 'vote withheld' is not a vote in law and is not counted in the calculation of votes 'For' or 'Against' a resolution.




 
The Board notes the result of the votes against Resolutions 7 and 9 (the re-appointment of William Eccleshare and Ian McHoul). From the Company's ongoing engagement with investors, we understand that the concerns relate to calls on their time. All Directors currently comply with best practice and their time commitments is a matter that the Nominations Committee keeps under regular review. The Company benefits from a strong Board with a good blend of experience and expertise. The Company will continue to consult with shareholders who did not vote in favour on these resolutions and will provide an update within six months as required by the UK Corporate Governance Code.
 
In accordance with Listing Rule 9.6.2, copies of the resolutions passed that do not constitute ordinary business at an annual general meeting will be submitted to the National Storage Mechanism and will be available for viewing at www.morningstar.co.uk/uk/nsm.
 
The results will also be made available on the Company's website at www.britvic.com/investors/shareholder-centre/agm.
 
Jonathan Adelman
Company Secretary
Britvic plc
 
Britvic plc Legal Entity Identifier: 635400L3NVMYD4BVCI53




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