REG - Chesnara PLC - Result of AGM

ChesnaraAnnouncement

17/05/2022 14:00

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RNS Number : 8183L  Chesnara PLC  17 May 2022

 LEI Number: 213800VFRMBRTSZ3SJ06

 

17 May 2022

 

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

 

 

RESULT OF THE CHESNARA PLC 2022 ANNUAL GENERAL MEETING

 

Chesnara plc announces that the resolutions proposed at its Annual General
Meeting held on 17 May 2022 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 17
May 2022 consisted of 150,157,451 ordinary 5p shares and the number of voting
rights was also 150,157,451 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     95,706,161                                99.99  9,059             0.01  95,715,220               45,837
      2021
 2    To approve the Directors' Remuneration Report                                   93,267,407                                97.43  2,459,491         2.57  95,726,898               34,159
 3    To declare a final dividend of 14.72p per ordinary share                        95,751,262                                99.99  3,731             0.01  95,754,993               6,064
 4    To elect Steve Murray as a director                                             95,716,530                                99.99  6,459             0.01  95,722,989               38,068
 5    To elect Carol Hagh as a director                                               95,706,467                                99.98  16,522            0.02  95,722,989               38,068
 6    To elect Karin Bergstein as a director                                          95,707,702                                99.98  15,287            0.02  95,722,989               38,068
 7    To re-elect David Rimmington as a director                                      95,705,170                                99.98  17,819            0.02  95,722,989               38,068
 8    To re-elect Jane Dale as a director                                             95,230,992                                99.49  491,997           0.51  95,722,989               38,068
 9    To re-elect Luke Savage as a director                                           92,371,126                                96.50  3,351,863         3.50  95,722,989               38,068
 10   To re-elect Mark Hesketh as a director                                          95,055,357                                99.30  667,632           0.70  95,722,989               38,068
 11   To re-elect Eamonn Flanagan as a director                                       94,676,826                                98.91  1,046,163         1.09  95,722,989               38,068
 12   To re-appoint Deloitte LLP as auditor                                           95,701,658                                99.96  38,589            0.04  95,740,247               20,810
 13   To authorise the directors to determine the auditor's remuneration              95,710,436                                99.97  31,991            0.03  95,742,427               18,630
 14   To provide limited authority to make political donations and to incur           94,182,354                                98.37  1,564,775         1.63  95,747,129               13,928
      political expenditure
 15   To implement and operate a Savings Related Share Option Scheme                  95,289,000                                99.52  462,992           0.48  95,751,992               9,065
 16   To authorise the directors to allot equity securities up to a specified amount  93,080,336                                97.21  2,672,553         2.79  95,752,889               8,168
 17   Special resolution - to give the directors power to allot equity securities     94,562,055                                98.76  1,190,834         1.24  95,752,889               8,168
      for cash without making an offer to shareholders (rights issue or open offer)
 18.  Special resolution - to give the directors power to allot equity securities     93,056,973                                97.18  2,695,916         2.82  95,752,889               8,168
      for cash without making an offer to shareholders (financing or refinancing an
      acquisition)
 19.  Special resolution - to give the Company limited authority to purchase its own  95,707,674                                99.96  38,963            0.04  95,746,637               14,420
      shares
 20.  Special resolution - to allow the Company to call general meetings on not less  95,094,585                                99.31  659,881           0.69  95,754,466               6,591
      than 14 clear working days' notice

*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 2021, copies of
which are 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 is a European life and pensions consolidator listed on the London
Stock Exchange.  It administers approximately one million policies and
operates as Countrywide Assured and Sanlam Life & Pensions 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 17 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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