REG - Imperial Brands PLC - Result of AGM

Imperial BrandsAnnouncement

03/02/2021 17:30

RNS Number : 9277N
  
Imperial Brands PLC
  
03 February 2021
  
 

IMPERIAL BRANDS PLC
 
Legal Entity Identifier (LEI) No. 549300DFVPOB67JL3A42
 
RESULT OF ANNUAL GENERAL MEETING
 
The 2021 Annual General Meeting of Imperial Brands PLC broadcast on Wednesday 3 February 2021 at 2.30 pm.
 
All resolutions proposed at the Meeting were decided on a poll and all resolutions were passed.
 
The number of votes for and against each of the resolutions put before the Meeting and the number of votes withheld were as follows:
 



 
Resolution
 


 
Total Votes For
 


 
%
For


 
Total Votes
Against
 


 
Total Votes Cast
 


 
Votes
Withheld
 




1
 


Annual Report and Accounts


716,570,091
 


97.10
 


21,420,543
 


737,990,634


4,717,698




2
 


Directors' Remuneration Report


439,578,484
 


59.73
 


296,353,504
 


735,931,988


6,776,342




3


Directors' Remuneration Policy


706,375,474
 


95.28
 


34,958,557
 


741,334,031


1,374,300




4


International Sharesave Plan Rules


739,982,169
 


99.76
 


1,785,674
 


741,767,843


940,489




5


Long Term Incentive Plan Rules


733,748,530
 


98.98
 


7,541,836
 


741,290,366


1,417,964




6


Deferred Share Bonus Plan Rules


739,858,734
 


99.75
 


1,828,683
 


741,687,417


1,020,916




7
 


To declare a final dividend


741,319,328
 


99.91
 


669,745
 


741,989,073


719,260




8
 


Elect S A Bomhard


740,923,900
 


99.85
 


1,107,451
 


742,031,351


676,982




9


Re-elect S M Clark


673,283,020
 


90.74
 


68,691,384
 


741,974,404


733,928




10
 


Re-elect T M Esperdy


660,565,222
 


89.83
 


74,757,563
 


735,322,785


7,385,547




11


Elect A Johnson
 


737,763,066
 


99.47
 


3,936,726
 


741,699,792


1,008,541




12


Elect R Kunze-Concewitz


736,953,595
 


99.36
 


4,731,876
 


741,685,471


1,021,651




13


Re-elect S A C Langelier


675,990,518
 


91.11
 


65,987,212
 


741,977,730


729,393




14


Elect P-J J Sivignon


737,707,602
 


99.46
 


3,986,384
 


741,693,986


1,013,137




15
 


Re-elect S P Stanbrook


620,344,735
 


89.71
 


71,162,019
 


691,506,754


51,200,369




16


Re-elect J A Stanton


657,487,351
 


88.65
 


84,198,422
 


741,685,773


1,021,350




17


Re-elect O R Tant


738,538,004
 


99.53
 


3,459,994
 


741,997,998


709,125




18
 


Re-appointment of Auditors


741,667,622
 


99.96
 


276,840
 


741,944,462


762,661




19
 


Remuneration of Auditors


741,439,559
 


99.95
 


365,078
 


741,804,637


902,485




20
 


Political donations/
expenditure


732,168,923
 


98.80
 


8,924,598
 


741,093,521


1,613,603




21
 


Authority to allot    securities


737,457,896
 


99.41
 


4,367,363
 


741,825,259


881,864




22
 


Disapplication of pre-emption rights


739,825,441
 


99.75
 


1,846,033
 


741,671,474


1,035,649




23
 


Purchase of own shares 


736,403,841
 


99.28
 


5,327,815
 


741,731,656


975,465




24
 


Notice period for general meetings


712,485,977
 


96.04
 


29,408,642
 


741,894,619


812,504



 
 
Notes
 
a)   The 'for' vote includes those giving the Chairman discretion and the percentage is rounded to two decimal places.
 
b)   A vote withheld is not a vote in law and is not counted in the calculation of the proportion of       votes for or against a resolution.
 
c)   Resolutions 22 to 24 are special resolutions.
 
d)   The total number of ordinary shares of 10 pence each, in issue, excluding shares held in treasury as at 6.00pm on 2 February 2021 were 946,408,101.
 
Although Resolution 2, the Directors' Remuneration Report was carried, a significant proportion of the votes cast were against. In the run up to the Annual General Meeting we engaged with a number of our shareholders to understand their concerns. The principal point at issue for them, and some of the proxy voting guidance services, was the level of base salary for Stefan Bomhard, our new Chief Executive. 
 
The Chair of the Board provided some additional context on the new Chief Executive's remuneration package at the Annual General Meeting, the script of which can be found on our website at www.imperialbrandsplc.com
 
Our shareholders' views are important to us and we shall continue to engage with our largest shareholders on governance and remuneration.
 
A copy of a document setting out the resolutions passed dealing with special business at the meeting has been submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism in due course.
 
 
Trevor Williams
Deputy Company Secretary
 
 
Copies of our announcements are available on our website:  www.imperialbrandsplc.com/Investors/Stock-Exchange-announcements
 

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