REG - Foxtons Group PLC - 2025 Annual General Meeting Results Update

FoxtonsAnnouncement

Wed 12:15

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RNS Number : 3211G  Foxtons Group PLC  05 November 2025

5 November 2025

 

Foxtons Group plc

(the "Company")

 

2025 Annual General Meeting Results Update

 

In accordance with provision 4 of the UK Corporate Governance Code, the
Company is providing the following update to the Annual General Meeting
("AGM") voting results announced on 7 May 2025 regarding the significant votes
(defined as over 20% of votes cast) against the following resolutions:

 

                                                                                          For     Against
 Resolution 13  to authorise the Company to make political donations and incur political  75.40%  24.60%
                expenditure

 Resolution 14  to authorise the directors to allot ordinary shares                       67.50%  32.50%

 Resolution 15  to authorise the disapplication of pre-emption rights                     67.43%  32.57%

 Resolution 16  to authorise the additional disapplication of pre-emption rights          67.35%  32.65%

 

Resolutions 13 and 14 passed, and Resolutions 15 and 16 failed to pass.

 

The Company has engaged with the largest shareholders who did not support the
resolutions to obtain their views. The Company notes that the significant
votes against all the resolutions were attributable to the shareholders'
policy positions, rather than matters specific to the Company.

 

As detailed in the 2025 AGM Results announcement, the Company does not give
any money for political purposes, nor does it make any donations to political
organisations or incur political expenditure. However, in line with UK market
practice, the authority under Resolution 13 is requested as a precautionary
measure as the definitions of political donations and political expenditure
used in the Companies Act 2006 (the "Act") are very wide, to ensure that the
Company does not inadvertently breach the relevant provisions of the Act.

 

The allotment authority under Resolution 14 falls within the Investment
Association's Share Capital Management Guidelines and was consistent with the
approach taken by the Company at the prior AGM.

The authority to disapply pre-emption rights under Resolutions 15 and 16 falls
within the Pre-Emption Group's Statement of Principles, as revised in November
2022, and was consistent with the approach taken by the Company at the prior
AGM.

The purpose of these resolutions is to afford the Board flexibility to act
quickly in response to changing market conditions, should the appropriate
circumstances arise and should it be in the best interests of the Company.

The Board remains committed to maintaining an open and transparent dialogue
with shareholders and will proactively engage with shareholders on their
corporate governance policies and any other concerns prior to the next AGM.

 

 Foxtons Group plc                      investor@foxtonsgroup.co.uk (mailto:investor@foxtonsgroup.co.uk)

 Chris Hough, Chief Financial Officer   +44 20 7893 6261

 Muhammad Patel, Investor Relations

 Cardew Group                            Foxtons@cardewgroup.com (mailto:Foxtons@cardewgroup.com)

 Will Baldwin-Charles / Olivia Rosser   +44 7834 524833 / +44 7552 864 250

 MUFG Corporate Governance Limited      Foxtons@cm.mpms.mufg.com (mailto:Foxtons@cm.mpms.mufg.com)

 Company Secretary

 

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