REG - Chesnara PLC - Result of AGM

ChesnaraAnnouncement

16/05/2023 14:30

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RNS Number : 6129Z  Chesnara PLC  16 May 2023

 LEI Number: 213800VFRMBRTSZ3SJ06

 

16(th) May 2023

 

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

 

 

RESULT OF THE CHESNARA PLC 2023 ANNUAL GENERAL MEETING

 

Chesnara plc (CSN.L) announces that the resolutions proposed at its Annual
General Meeting held on 16(th) May 2023 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 16(th) May 2023 consisted of 150,404,962 ordinary 5p shares and the
number of voting rights was also 150,404,962 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     91,059,200                                99.99  5,838             0.01   91,065,038               60,746
      2022
 2    To approve the Directors' Remuneration Report                                   66,203,911                                72.66  24,914,731        27.34  91,118,642               7,142
 3    To approve the Directors' Remuneration Policy                                   87,638,247                                96.25  3,416,902         3.75   91,055,149               70,635
 4    To declare a final dividend of 15.16p per ordinary share                        91,083,620                                99.95  41,247            0.05   91,124,867               917
 5    To re-elect Steve Murray as a director                                          91,052,509                                99.96  33,045            0.04   91,085,554               40,230
 6    To re-elect Carol Hagh as a director                                            88,461,192                                97.13  2,617,472         2.87   91,078,664               47,120
 7    To re-elect Karin Bergstein as a director                                       90,191,882                                99.03  886,782           0.97   91,078,664               47,120
 8    To re-elect David Rimmington as a director                                      91,052,509                                99.96  33,045            0.04   91,085,554               40,230
 9    To re-elect Jane Dale as a director                                             90,193,781                                99.02  888,698           0.98   91,082,479               43,305
 10   To re-elect Luke Savage as a director                                           88,465,042                                97.12  2,620,512         2.88   91,085,554               40,230
 11   To re-elect Mark Hesketh as a director                                          90,020,780                                98.83  1,068,069         1.17   91,088,849               36,935
 12   To re-elect Eamonn Flanagan as a director                                       88,027,055                                96.64  3,061,794         3.36   91,088,849               36,935
 13   To re-appoint Deloitte LLP as auditor                                           91,084,026                                99.96  38,166            0.04   91,122,192               3,592
 14   To authorise the directors to determine the auditor's remuneration              91,069,446                                99.94  51,246            0.06   91,120,692               5,092
 15   To provide limited authority to make political donations and to incur limited   81,325,983                                98.74  1,034,465         1.26   82,360,448               8,765,336
      political expenditure
 16   To approve and adopt the rules of the Chesnara 2023 Short-term Incentive        90,197,342                                99.08  834,915           0.92   91,032,257               93,527
      Scheme
 17   To approve and adopt the rules of the Chesnara 2023 Long-term Incentive Plan    86,905,698                                95.47  4,126,559         4.53   91,032,257               93,527
 18.  To authorise the directors to allot equity securities up to a specified amount  90,099,713                                98.89  1,015,013         1.11   91,114,726               11,058
 19.  Special resolution - To give the directors power to allot equity securities     90,279,079                                99.08  838,442           0.92   91,117,521               8,263
      for cash without making an offer to shareholders (rights issue or open offer)
 20.  Special resolution - To give the directors power to allot equity securities     90,287,264                                99.09  829,809           0.91   91,117,073               8,711
      for cash without making an offer to shareholders (financing or refinancing an
      acquisition)
 21.  Special resolution - To give the Company limited authority to purchase its own  91,025,736                                99.93  65,888            0.07   91,091,624               34,160
      shares
 22.  Special resolution - To adopt the revised Articles of Association               90,325,739                                99.16  763,590           0.84   91,089,329               36,455
 23.  Special resolution - To allow the Company to call general meetings on not less  90,889,668                                99.75  229,570           0.25   91,119,238               6,546
      than 14 clear 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 Board confirms that it will consult and engage with shareholders to
understand and discuss their views in respect of Resolution 2 (the Directors'
Remuneration Report excluding the Directors' Remuneration Policy).  In
accordance with the UK Corporate Governance Code, the Company will publish an
update in this regard within the next six months of this AGM.

 

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 2022, 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 (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 and CASLP 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 18 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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