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CAPC - Capital & Counties Properties News Story

133.6p 5.6  4.4%

Last Trade - 13/08/20

Sector
Financials
Size
Mid Cap
Market Cap £1.14bn
Enterprise Value £1.85bn
Revenue £76.9m
Position in Universe 367th / 1816

Capital & Counties - Result of AGM

RNS Number : 7033L
Capital & Counties Properties Plc
01 May 2020
 

1 May 2020

 

CAPITAL & COUNTIES PROPERTIES PLC (the "Company" or "Capco")

 

RESULTS OF THE 2020 ANNUAL GENERAL MEETING

 

The results of the voting by poll on the resolutions put to the Company's 2020 Annual General Meeting held on 1 May 2020 are as follows:

 

Resolutions

For:

%

Against:

%

Total votes cast:

% of issued share capital

Withheld:

1.    To receive the accounts and reports of the Directors and the Auditors for the year ended 31 December 2019

699,785,368

 

99.68%

2,216,487

0.32%

 

702,001,855

 

82.75%

1,032,722

2.    To declare a final dividend of 1 pence per ordinary share

701,745,228

99.88%

846,067

0.12%

702,591,295

82.82%

443,283

3.    To re-elect Henry Staunton as a Director

671,762,992

95.77%

29,642,250

4.23%

701,405,242

82.68%

1,629,335

4.    To re-elect Ian Hawksworth as a Director

688,637,936

98.01%

13,952,307

1.99%

702,590,243

82.82%

444,335

5.    To re-elect Situl Jobanputra as a Director

696,527,479

99.14%

6,062,764

0.86%

702,590,243

82.82%

444,335

6.    To elect Michelle McGrath as a Director

693,979,575

98.77%

8,610,920

1.23%

702,590,495

82.82%

444,083

7.    To re-elect Charlotte Boyle as a Director

508,311,218

72.35%

194,279,276

27.65%

702,590,494

82.82%

444,083

8.    To re-elect Jonathan Lane as a Director

701,692,235

99.87%

898,250

0.13%

702,590,485

82.82%

444,093

9.    To re-elect Anthony Steains as a Director

650,534,290

92.59%

52,056,195

7.41%

702,590,485

82.82%

444,093

10. To re-appoint PricewaterhouseCoopers LLP as Auditors

619,543,526

 

88.18%

83,041,994

11.82%

702,585,520

82.82%

449,057

11. To authorise the Directors to determine the Auditors' remuneration

617,648,780

87.91%

84,941,213

12.09%

702,589,993

82.82%

444,584

12. To approve the Directors' Remuneration Policy

491,278,465

70.41%

206,419,016

29.59%

697,697,481

82.24%

5,337,096

13. To approve the Directors' Remuneration Report for the year ended 31 December 2019 (other than the Directors' Remuneration Policy)

226,020,219

32.17%

476,556,594

67.83%

702,576,813

82.82%

457,764

14. To authorise the Directors to offer newly issued shares instead of cash in respect of any dividends declared

688,621,719

98.01%

13,967,924

1.99%

702,589,643

82.82%

444,935

15. To authorise the Directors to allot the unissued share capital up to a specified amount (s.551) (Companies Act 2006)

613,822,099

87.37%

88,708,583

12.63%

702,530,682

82.81%

503,896

16. Special Resolution: To disapply pre-emption provisions of s.561(1) of the Companies Act 2006 up to a specified amount

564,001,614

80.33%

138,072,758

19.67%

702,074,372

82.76%

960,206

17. Special Resolution: To authorise the Company to purchase its own shares

688,677,180

98.11%

13,271,926

1.89%

701,949,106

82.74%

1,085,471

18. Special Resolution: To allow General Meetings (other than AGMs) to be held on 14 clear days' notice

652,474,007

92.87%

50,057,177

7.13%

702,531,184

82.81%

503,214

 

Notes:

1.   Any proxy appointments which gave discretion to the Chairman have been included in the 'for' total.

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

3.   Total voting rights of shares in issue: 848,359,508. Every shareholder has one vote for every ordinary share held.

 

As announced on 26 February 2020, Gerry Murphy and Andrew Strang stepped down from the Board at the conclusion of the Annual General Meeting.

The Board notes that there was a significant vote against resolutions 7 and 12 and the advisory vote in respect of resolution 13 at the Annual General Meeting. Given 2019 was a year of transition, positioning Capco as a strongly capitalised prime central London focused REIT, the Board is disappointed but understands these results. The Remuneration Committee will continue to engage with shareholders to ensure views are fully understood. The Company will publish an update on shareholder engagement within six months of the Annual General Meeting.

In accordance with paragraph 9.6.2 of the Listing Rules, copies of the resolutions passed at the meeting, other than resolutions concerning ordinary business, have been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

 

Enquiries:

Leigh McCaveny

Acting Company Secretary

Telephone +44 20 3214 9170


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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