REG - LSL Property Svcs. - Update on AGM 2024 Resolution Vote

LSL Property ServicesAnnouncement

13/12/2024 10:00

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RNS Number : 0474Q  LSL Property Services PLC  13 December 2024

13 December 2024

 

LSL Property Services plc ("LSL" or "the Company")

 

Update on Annual General Meeting 2024 Resolution Vote

 

In accordance with Provision 4 of the UK Corporate Governance Code 2018, the
Company is required to provide an update as it received a significant vote
against (defined as over 20% of votes cast) a resolution at its annual general
meeting ("AGM") held on 20 June 2024.  25.01% of those voting in relation to
Resolution 4 (Gaby Appleton's re-election) voted against the resolution.

The Chair had a dialogue with a broad group of shareholders (including both
those that had voted for and those that voted against Resolution 4) shortly
after the AGM in order to understand their views.  It is understood that the
vote against Gaby's re-election was reflective of her position as Senior
Independent Director ("SID") at a time when shareholders had raised issues
with the Board on governance matters.

At the meetings with the Chair, the shareholders confirmed that they were
comfortable with the governance arrangements in place following the
appointment of Adrian Collins as Chair on 1 May 2024.  James Mack took on the
role of SID with effect from 5 March 2024.  Subsequently, a further
independent non-executive director, Michael Stoop, has also been appointed to
the Board

The Company therefore believes that the issue that prompted the significant
vote against Gaby Appleton's re-election has now been resolved.  Any
shareholders that wish to raise matters, including those referred to above,
with the Chair can do so at any time by contacting the Company Secretary.

 

For further information, please contact:

Debbie Fish, Company Secretary

investorrelations@lslps.co.uk

 

LEI: 213800T4VM5VR3C7S706

 

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