REG - Man Group plc - Result of AGM

ManAnnouncement

07/05/2021 13:00

RNS Number : 9570X
  
Man Group plc
  
07 May 2021
  
 

Result of AGM
Man Group plc (the "Company") held its Annual General Meeting ("AGM") at 10.00am on Friday 7 May 2021. With the exception of Resolution 20, all resolutions presented at the AGM were put to the meeting on a poll and were passed with the requisite majority. The full results are detailed below.  
The Board notes that 74.65% of shareholders voted for and 25.35% voted against Resolution 20 which relates to the disapplication of pre-emption rights in connection with the issue of shares for the purpose of an acquisition or specified capital investment. The resolution is in line with the Investment Association's Share Management Guidelines and the Pre-Emption Group's Statement of Principles. However, as a special resolution requiring a 75% majority, Resolution 20 did not receive sufficient support to be passed.     
Although the Company has sought, and received approval of, the same authority in previous years, we understand from recent discussions with some of the shareholders that did not support this resolution that they may prefer to have the opportunity to vote on specific proposals for a transaction requiring this level of pre-emptive issue. We will continue our dialogue with these shareholders and will take their views into account when considering our future plans.
In accordance with provision 4 of the UK Corporate Governance Code (the "Code"), the Board confirms that it will consult and continue to engage with shareholders to understand and discuss their concerns with respect to this resolution. An update will be provided within six months of the AGM, in accordance with the Code, with a final summary to be included in the Company's 2021 Annual Report.
The issued ordinary share capital as at 5 May 2021, the voting record date, was 1,541,794,770 (including treasury shares). The Company held 92,445,562 shares in Treasury, which do not carry any voting rights. Therefore, the total number of voting rights in the Company as at the voting record date was 1,449,349,208. 



 
 
Resolution


 FOR
 


AGAINST


% of ISC voted


Number of votes withheld




No. of shares


%


No. of shares


%




1


Receive the Annual Report
and financial statements
 


1,113,282,550


99.99%


67,929


0.01%


 
 
76.82%


1,019,562




2


Approve the Directors' Remuneration Policy
 


1,013,815,138


91.86%


89,889,567


8.14%


 
 
76.15%


10,660,336




3


Approve the Directors'
Remuneration Report
 


1,024,182,858


91.92%


90,034,570


8.08%


 
 
76.88%


147,613




4


Declare a final dividend
 


1,114,079,858


99.98%


255,977


0.02%


 
76.89%


34,206




5


Reappoint Dame Katharine Barker as a director
 


1,113,620,851


99.94%


658,614


0.06%


 
 
76.88%


85,576




6


Reappoint Lucinda Bell as a director
 


980,070,546


87.96%


134,205,777


12.04%


 
 
76.88%


88,718




7


Reappoint Richard Berliand as
a director
 


1,112,821,279


99.87%


1,465,129


0.13%


 
 
76.88%


78,633




8


Reappoint Zoe Cruz as a director
 


1,113,519,531


99.93%


758,994


0.07%


 
 
76.88%


86,516




9


Reappoint John Cryan
as a director
 


1,111,667,432


99.76%


2,618,976


0.24%


 
 
76.88%


78,633




10


Reappoint Luke Ellis as a director


1,114,106,607


99.98%


174,918


0.02%


 
76.88%


83,516




11


Appoint Mark Jones as
a director


1,108,326,112


99.47%


5,960,296


0.53%


 
76.88%


78,633




12


Reappoint Cecelia Kurzman as a director


981,017,847


88.04%


133,257,201


11.96%


 
76.88%


89,993




13


Reappoint Dev Sanyal as
a director


1,114,083,798


99.98%


191,793


0.02%


 
76.88%


89,450




14


Appoint Anne Wade as a
director of the Company


1,113,532,779


99.93%


750,629


0.07%


 
76.88%


81,633




15


Reappoint Deloitte LLP as auditor


1,025,569,020


99.92%


776,659


0.08%


 
70.81%


88,019,362




16


Determine the remuneration
of the auditor


1,113,551,122


99.94%


709,437


0.06%


 
76.88%


104,482




17


Authorise political donations and expenditure


1,099,694,319


98.70%


14,498,339


1.30%


 
76.88%


177,383




18


Authorise the directors to allot
shares


955,523,922


85.75%


158,764,635


14.25%


 
76.88%


81,484




19


Authorise the directors to allot
shares for cash other than on a
pro-rata basis to existing shareholders*


979,786,267


87.93%


134,500,358


12.07%


 
 
 
 
76.88%


83,416




20


Authorise the directors to allot
shares for cash other than on a
pro-rata basis to existing
shareholders in relation to
acquisitions and specified
capital investments*


825,494,149


74.65%


280,303,781


25.35%


 
 
 
 
 
 
76.30%


8,567,111




21


Authorise the Company to
purchase its own shares*


1,023,647,587


92.03%


88,684,365


7.97%


 
76.75%


2,038,089




22


Amendment to the Articles of
Association*


1,113,968,536


99.98%


206,190


0.02%


 
76.87%


190,315




23


Authorise the directors to call
general meetings on 14 clear
days' notice*


1,062,257,385


95.33%


52,040,314


4.67%


 
 
76.88%


72,342



 
* Special Resolution requiring 75% majority
 
 
NOTES:   
 
1.   The 'For' vote includes those giving the Chair discretion. 
 
2.   Votes 'Withheld' are not counted in the calculation of the proportion of votes 'For' or 'Against' a resolution. 
 
3.   Resolutions 19 to 23 are special resolutions.   
 
4.   In accordance with Listing Rule 9.6.2, copies of the resolutions passed, other than resolutions constituting ordinary business, at the AGM have been submitted to the National Storage Mechanism ("NSM") and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism 
In addition, and in accordance with Listing Rule 9.2.6E, a copy of the Company's new Articles of Association, which set out the principal rights and restrictions attached to its ordinary shares, has also been submitted to the NSM.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
RAGBBGDUBXGDGBR