REG - Chesnara PLC - Result of AGM

ChesnaraAnnouncement

26/05/2020 12:30

RNS Number : 9520N
  
Chesnara PLC
  
26 May 2020
  
 

CHESNARA plc 
("Chesnara" or "the Company")
 
26 May 2020
 
LEI Number: 213800VFRMBRTSZ3SJ06
 
 
RESULT OF THE CHESNARA PLC 2020 ANNUAL GENERAL MEETING
 
Chesnara plc announces that the resolutions proposed at its Annual General Meeting held on 26 May 2020 were passed by a show of hands. For information, the results of the AGM, which includes the total number of votes received for each resolution, are set out below. The Company's issued share capital on 26 May 2020 consisted of 150,065,457 ordinary 5p shares and the number of voting rights was also 150,065,457 ordinary 5p shares (as there were no treasury shares). 
 



No.


Resolution


No. of votes 'for' & 'discretionary'


%


Votes 'against'* 


%


Total No. of votes cast


Votes 'withheld'




1


To receive and adopt the report and accounts for the year ended 31 December 2019


95,376,604


99.98


16,097


0.02


95,392,701


98,612




2


To approve the Directors' Remuneration Report


93,082,557


97.49


2,397,183


2.51


95,479,740


11,573




3


To approve the Directors' Remuneration Policy


90,213,551


94.49


5,260,276


5.51


95,473,827


17,487




4


To declare a final dividend of 13.87p per ordinary share


95,491,314


100


0


0


95,491,314


0




5


To re-elect Mr Deane as a director


95,448,630


99.97


23,993


0.03


95,472,623


18,691




6


To re-elect Mr Rimmington as a director


95,386,839


99.91


85,784


0.09


95,472,623


18,691




7


To re-elect Ms Dale as a director


95,424,022


99.95


48,600


0.05


95,472,622


18,691




8


To elect Mr Savage as a director


95,431,122


99.96


41,500


0.04


95,472,622


18,691




9


To re-elect Mrs Oak as a director


94,359,893


98.84


1,109,729


1.16


95,469,622


21,691




10


To re-elect Mr Brand as a director


95,424,022


99.95


48,600


0.05


95,472,622


18,691




11


To re-elect Mr Hesketh as a director


95,424,022


99.95


48,600


0.05


95,472,622


18,691




12


To re-appoint Deloitte LLP as auditor


95,443,994


99.96


38,370


0.04


95,482,364


8,949




13


To authorise the directors to determine the auditor's remuneration


95,456,217


99.97


30,605


0.03


95,486,822


4,492




14


To provide limited authority to make political donations and to incur political expenditure


94,784,448


99.26


702,374


0.74


95,486,822


4,492




15


To authorise the directors to allot securities up to a specified amount


93,893,501


98.35


1,575,848


1.65


95,469,349


21,965




16


Special resolution - to give the directors power to allot securities for cash without making an offer to shareholders (rights issue or open offer)


94,165,766


98.63


1,303,583


1.37


95,469,349


21,965




17


Special resolution - to give the directors power to allot securities for cash without making an offer to shareholders (financing or refinancing an acquisition)


94,143,095


98.61


1,326,253


1.39


95,469,348


21,965




18.


Special resolution - to give the Company limited authority to purchase its own shares


95,394,483


99.94


60,542


0.06


95,455,025


36,288




19.


Special resolution - to allow the Company to call general meetings on not less than 14 clear working days' notice


94,685,595


99.16


804,686


0.84


95,490,281


1,033



 
*Votes 'withheld' have not been included in the calculation of whether the resolution is carried. Percentages have been rounded to two decimal places. 
 
The full text of the resolutions can be found in the Notice of the Meeting set out in the Financial Statements for the year ended 31 December 2019, copies of which are available on the Company's website, 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 .
 
 
 
For further information, please contact: 
 
Roddy Watt
Director, Capital Markets
FWD
Forward thinking communications
 
T   -    020 7280 0651   
E   -    roddy.watt@fwdconsulting.co.uk 
 
 
Notes to Editors
Chesnara is a life and pensions company listed on the London Stock Exchange.  It administers over 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 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 15 years in succession.
 
Further details are available on the Company's website (www.chesnara.co.uk).


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