REG - LSL Property Svcs. - Result of Annual General Meeting & General Meeting

LSL Property ServicesAnnouncement

29/05/2025 07:00

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RNS Number : 4790K  LSL Property Services PLC  29 May 2025

29 May 2025

 

LSL Property Services plc (the Company)

Result of Annual General Meeting and General Meeting

 

The Company announces that all resolutions proposed at the Annual General
Meeting (AGM) and a General Meeting held on 28 May 2025 were duly passed.

 

The results of the AGM are set out below.

 

 Resolution                                                                       Votes For         For      Votes Against (No. of shares)  Against  Votes Withheld(1) (No. of shares)

 *indicates Special Resolution                                                    (No. of shares)   (%)                                     (%)
 1.    To receive the Company's audited Annual Report and Accounts for the        91,731,829        100.00%  0                              0.00%    868
 year ended 31 December 2024, together with the Reports of the Directors and
 auditor
 2.    To approve the Directors' Remuneration Report (other than the part         91,612,597        99.87%   119,728                        0.13%    372
 containing the Directors' Remuneration Policy) of the Company's audited Annual
 Report and Accounts for the year ended 31 December 2024
 3.    To declare a final dividend of 7.4 pence per ordinary share for the        91,732,697        100.00%  0                              0.00%    0
 year ended 31 December 2024
 4.    To re-elect Gaby Appleton as a Director                                    77,429,182        86.46%   12,121,237                     13.54%   2,182,278
 5.    To re-elect Adam Castleton as a Director                                   91,728,410        99.99%   966                            0.01%    3,321
 6.    To re-elect Adrian Collins as a Director                                   81,977,917        92.05%   7,084,644                      7.95%    2,670,136
 7.    To re-elect Darrell Evans as a Director                                    86,327,453        96.40%   3,222,966                      3.60%    2,182,278
 8.    To re-elect Sonya Ghobrial as a Director                                   87,922,318        98.18%   1,628,101                      1.82%    2,182,278
 9.    To re-elect James Mack as a Director                                       86,328,419        96.40%   3,222,000                      3.60%    2,182,278
 10.  To elect Michael Stoop as a Director                                        91,728,879        99.99%   200                            0.01%    3,618
 11.  To appoint Grant Thornton UK LLP as auditor of the Company                  91,729,176        99.99%   200                            0.01%    3,321
 12.  To authorise the Audit & Risk Committee acting on behalf of the             91,728,804        99.99%   200                            0.01%    3,693
 Directors to determine the remuneration of the auditor
 13.  To approve the rules of the LSL Property Services plc Long Term             87,807,174        98.15%   1,652,285                      1.85%    2,273,238
 Incentive Plan (LTIP)
 14.  To approve rules of the LSL Property Services plc Deferred Share Bonus      89,985,834        98.20%   1,648,964                      1.80%    97,899
 Plan (DSBP)
 15.  To approve the rules of the LSL Property Services plc Sharesave Plan        89,987,281        98.20%   1,648,385                      1.80%    97,031
 (SAYE)
 16.  To authorise the Directors to adopt further schemes based on the LTIP,      91,627,051        99.99%   11,936                         0.01%    93,710
 DSBP and the SAYE
 17.  To authorise the Directors to allot shares                                  89,042,244        99.43%   511,496                        0.57%    2,178,957
 18.  To authorise the disapplication of pre-emption rights*                      78,466,816        85.54%   13,261,023                     14.46%   4,858
 19.  To authorise further disapplication of pre-emption rights*                  78,466,816        85.54%   13,261,023                     14.46%   4,858
 20.  To authorise the Company to purchase its own ordinary shares*               91,726,074        99.99%   1,200                          0.01%    5,423
 21.  To authorise the making of political donations                              79,794,833        86.99%   11,936,630                     13.01%   1,234
 22.  To authorise the Company to hold general meetings on not less than 14       80,796,259        88.08%   10,933,117                     11.92%   3,321
 clear days' notice*

 

Following shareholder approval of Resolution 20, the Company confirms the
continuation of its share buyback programme announced on 25 April 2024. The
share buyback programme will continue until such time as the repurchase of
ordinary shares reaches the programme's maximum consideration of £7m.

 

Copies of the special resolutions passed at the AGM will shortly be available
via the National Storage Mechanism at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

 

The results of the General Meeting are set out below.

 

 Resolution                                                                  Votes For         For     Votes Against (No. of shares)  Against  Votes Withheld(1) (No. of shares)

                                                                             (No. of shares)   (%)                                    (%)
 1.    To approve the amendments to the Directors' Remuneration Policy       57,244,076        64.13%  32,023,435                     35.87%   2,178,660
 2.    To approve and adopt the LSL Property Services plc 2025 Long Term     57,395,717        64.30%  31,871,794                     35.70%   2,178,660
 Incentive Plan ('LTIP')

 

The Board has noted that around 35% of votes were voted against the two
resolutions proposed to the General Meeting. The views of all of our
shareholders are important to us and we will enter into a period of further
consultation to understand specific concerns. In accordance with the UK
Corporate Governance Code, we will publish an update in due course.

 

NOTES:

1.    A "vote withheld" is not a vote in law and is not counted in the
calculation of the proportion of the votes "for" and "against" a resolution.

 

 

For further information, please contact:

 

Burson Buchanan:

Helen Tarbet: +44 (0) 7872 604453

Toto Berger: +44 (0) 7880 680 403

LSL@buchanan.uk.com (mailto:LSL@buchanan.uk.com)

 

Debbie Fish, Group Company Secretary

investorrelations@lslps.co.uk (mailto:investorrelations@lslps.co.uk)

 

LEI: 213800T4VM5VR3C7S706

 

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