REG - Chesnara PLC - AGM Statement

ChesnaraAnnouncement

13/05/2025 12:45

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RNS Number : 4885I  Chesnara PLC  13 May 2025

 LEI Number: 213800VFRMBRTSZ3SJ06

 

13(th) May 2025

 

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

 

 

RESULT OF THE CHESNARA PLC 2025 ANNUAL GENERAL MEETING

 

 

Chesnara plc (CSN.L) announces that the resolutions put to its Annual General
Meeting ("AGM") held on 13(th) May 2025 were duly passed.

 

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

 

 

 No.  Resolution                                                                      Votes       %       Votes 'against'  %      Total votes validly cast  Votes 'withheld'

                                                                                      'for'
 1    To receive and adopt the audited accounts for the year ended 31 December 2024   82,910,445  99.98%  18,251           0.02%  82,928,696                154,546

 2    To approve the Directors' Remuneration Report for the year ended 31 December    82,141,141  98.97%  856,794          1.03%  82,997,935                49,307
      2024
 3    To declare a final dividend of 16.08 pence per ordinary share for the year      83,020,792  99.98%  19,770           0.02%  83,040,562                42,680
      ended 31 December 2024
 4    To re-appoint Steve Murray as a director                                        82,960,576  99.95%  44,523           0.05%  83,005,099                78,143

 5    To re-appoint Carol Hagh as a director                                          81,350,807  98.01%  1,654,110        1.99%  83,004,917                78,325

 6    To re-appoint Karin Bergstein as a director                                     81,828,342  98.58%  1,176,757        1.42%  83,005,099                78,143

 7    To re-appoint Luke Savage as a director                                         81,830,919  98.59%  1,174,180        1.41%  83,005,099                78,143

 8    To re-appoint Eamonn Flanagan as a director                                     82,326,028  99.18%  678,889          0.82%  83,004,917                78,325

 9    To re-appoint Tom Howard as a director                                          82,956,100  99.94%  48,999           0.06%  83,005,099                78,143

 10   To appoint Gail Tucker as a director                                            82,971,000  99.96%  37,164           0.04%  83,008,164                75,078

 11   To re-appoint Deloitte LLP as auditor                                           82,899,949  99.85%  123,681          0.15%  83,023,630                59,612

 12   To authorise the directors to determine the auditor's remuneration              82,967,342  99.94%  49,496           0.06%  83,016,838                66,404

 13   To provide limited authority to make political donations and to incur limited   78,444,572  98.38%  1,288,457        1.62%  79,733,029                3,350,213
      political expenditure
 14   To authorise the directors to allot shares up to a specified amount             82,200,304  99.01%  823,363          0.99%  83,023,667                59,575

 15   Special resolution - To authorise the directors to disapply pre-emption rights  76,633,840  92.32%  6,372,695        7.68%  83,006,535                76,707
      (general corporate purposes)
 16   Special resolution - To authorise the directors to disapply pre-emption rights  76,504,363  92.17%  6,498,137        7.83%  83,002,500                80,742
      (acquisition or other capital investment)
 17   Special resolution - To give the Company limited authority to purchase its own  82,952,359  99.90%  79,329           0.10%  83,031,688                51,554
      shares
 18   To authorise the directors to allot ordinary shares in relation to an issue of  82,187,738  99.01%  819,754          0.99%  83,007,492                75,750
      Restricted Tier 1 Instrument up to a specified amount
 19   Special resolution - To authorise the directors to disapply pre-emption rights  82,139,307  98.97%  856,294          1.03%  82,995,601                87,641
      in relation to the issue of Restricted Tier 1 Instruments
 20   Special resolution - To authorise the Company to call general meetings on not   82,873,003  99.80%  162,435          0.20%  83,035,438                47,804
      less than 14 clear days' notice

 

 

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

 

Other Matters

 

The Company's issued share capital on 13(th) May 2025 consisted of 151,054,162
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 151,054,162.

 

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) .

 

 

 

For further information, please contact:

 

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

Misha Bayliss - +44 20 7427 5465

Oscar Burnett - +44 20 7427 5435

Teneo

E - chesnara@teneo.com (mailto:chesnara@teneo.com)

 

 

Notes to Editors

Chesnara (CSN.L) is a European life and pensions consolidator listed on the
London Stock Exchange.  It administers just under 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 the UK, Sweden and the Netherlands and by undertaking value-adding
acquisitions of either companies or portfolios.

 

Consistent delivery of the Company strategy has enabled Chesnara to increase
its dividend for 20 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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