REG - Chesnara PLC - AGM Statement

ChesnaraAnnouncement

14/05/2024 14:15

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RNS Number : 2566O  Chesnara PLC  14 May 2024

 LEI Number: 213800VFRMBRTSZ3SJ06

 

14(th) May 2024

 

CHESNARA plc
("Chesnara" or "the Company")

 

 

RESULT OF THE CHESNARA PLC 2024 ANNUAL GENERAL MEETING

 

Results of AGM

 

Chesnara plc (CSN.L) announces that the resolutions put to its Annual General
Meeting ("AGM") held on 14(th) May 2024 were duly passed.

 

The results of the AGM, including the total number of votes received for each
resolution, were as follows:

 

 

 No.  Resolution                                                                      Votes 'for'  %      Votes 'against'  %     Total votes validly cast  Votes 'withheld'
 1    To receive and adopt the audited accounts for the year ended 31 December 2023   88,443,651   99.98  18,174           0.02  88,461,825                68,623
 2    To approve the Directors' Remuneration Report for the year ended 31 December    87,088,647   98.42  1,397,455        1.58  88,486,102                44,346
      2023
 3    To declare a final dividend of 15.61p per ordinary share for the year ended 31  88,509,452   99.99  11,423           0.01  88,520,875                9,573
      December 2023
 4    To re-appoint Steve Murray as a director                                        88,453,289   99.96  33,823           0.04  88,487,112                43,336
 5    To re-appoint Carol Hagh as a director                                          87,488,972   98.87  998,104          1.13  88,487,076                43,372
 6    To re-appoint Karin Bergstein as a director                                     87,653,252   99.06  833,824          0.94  88,487,076                43,372
 7    To re-appoint Jane Dale as a director                                           87,661,581   99.07  825,495          0.93  88,487,076                43,372
 8    To re-appoint Luke Savage as a director                                         87,666,356   99.07  820,720          0.93  88,487,076                43,372
 9    [To re-appoint Mark Hesketh as a director (withdrawn)]                          -            -      -                -     -                         -
 10   To re-appoint Eamonn Flanagan as a director                                     87,722,889   99.14  763,823          0.86  88,486,712                43,736
 11   To appoint Tom Howard as a director                                             88,437,738   99.94  49,338           0.06  88,487,076                43,372
 12   To re-appoint Deloitte LLP as auditor                                           88,436,376   99.93  63,095           0.07  88,499,471                30,977
 13   To authorise the directors to determine the auditor's remuneration              88,479,839   99.96  34,028           0.04  88,513,867                16,581
 14   To provide limited authority to make political donations and to incur limited   81,783,475   98.78  1,013,989        1.22  82,797,464                5,732,984
      political expenditure
 15   To authorise the directors to allot shares up to a specified amount             87,480,654   98.84  1,026,783        1.16  88,507,437                23,011
 16   Special resolution - To authorise the directors to disapply pre-emption rights  82,149,492   92.81  6,363,900        7.19  88,513,392                17,056
      (general corporate purposes)
 17   Special resolution - To authorise the directors to disapply pre-emption rights  82,079,620   92.74  6,426,086        7.26  88,505,706                24,742
      (acquisition or other capital investment)
 18   Special resolution - To give the Company limited authority to purchase its own  88,424,826   99.93  60,206           0.07  88,485,032                45,416
      shares
 19   To authorise the directors to allot ordinary shares in relation to an issue of  87,468,630   98.85  1,017,786        1.15  88,486,416                44,032
      Restricted Tier 1 Instrument up to a specified amount
 20   Special resolution - To authorise the directors to disapply pre-emption rights  87,602,503   99.01  875,739          0.99  88,478,242                52,206
      in relation to the issue of Restricted Tier 1 Instruments
 21   Special resolution - To authorise the Company to call general meetings on not   88,362,358   99.83  153,539          0.17  88,515,897                14,551
      less than 14 clear days' notice

 

 

The Board is pleased that all resolutions passed with a significant majority.

 

Other Matters

 

As announced on 7(th) December 2023, David Rimmington did not seek
re-appointment to the Board and stepped down as Group Finance Director and as
an Executive Director of Chesnara plc at the conclusion of the AGM.

 

As announced on 17(th) April 2024, Resolution 9 was withdrawn from the agenda
of the AGM as a result of Mark Hesketh, Independent Non-Executive Director,
stepping down from the Board of Chesnara plc on 9 April 2024.

 

The Company's issued share capital on 14th May 2024 consisted of 150,954,119
ordinary shares of 5p each with no shares held in Treasury. Each share carries
one voting right and therefore the number of voting rights is 150,954,119.

 

Votes withheld are not a vote in law and have not been counted in the
calculation of the votes for and against each resolution or the total votes
validly cast.

 

The full text of the resolutions can be found in the Notice of the Annual
General Meeting available on the Company's website, www.chesnara.co.uk
(http://www.chesnara.co.uk) . In accordance with Listing Rule 9.6.3, full
details of the resolutions passed as special business will be submitted to the
National Storage Mechanism and will shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

 

Investor Enquiries

Sam Perowne

Head of Strategic Development & Investor Relations

Chesnara plc

E - sam.perowne@chesnara.co.uk (mailto:sam.perowne@chesnara.co.uk)

 

Media Enquiries

Roddy Watt

Director, Capital Markets

FWD

T - 020 7280 0651 / 07714 770 493

E - roddy.watt@fwdconsulting.co.uk (mailto:roddy.watt@fwdconsulting.co.uk)

 

 

Notes to Editors

Chesnara (CSN.L) is a European life and pensions consolidator listed on the
London Stock Exchange.  It administers approximately one million policies and
operates as Countrywide Assured in the UK, as The Waard Group and Scildon in
the Netherlands, and as Movestic in Sweden.

 

Following a three-pillar strategy, Chesnara's primary responsibility is the
efficient administration of its customers' life and savings policies, ensuring
good customer outcomes and providing a secure and compliant environment to
protect policyholder interests. It also adds value by writing profitable new
business in Sweden, the Netherlands and the UK as well as by undertaking
value-adding acquisitions of either companies or portfolios.

 

Consistent delivery of the Company strategy has enabled Chesnara to increase
its dividend for 1 years in succession.

 

Further details are available on the Company's website (www.chesnara.co.uk
(http://www.chesnara.co.uk/) ).

 

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