REG - Mitchells & Butlers - Result of Annual General Meeting

Mitchells & ButlersAnnouncement

23/01/2024 12:30

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RNS Number : 6477A  Mitchells & Butlers PLC  23 January 2024

23 January 2024

Mitchells & Butlers plc (the "Company")

LEI no. 213800JHYNDNB1NS2W10

 

Result of Annual General Meeting

 

 

Mitchells & Butlers plc announces the results of the voting at the
Company's Annual General Meeting held today, 23 January 2024, at 9.00a.m.

 

All the resolutions were voted on by way of a poll and the results of each
resolution are shown below.  All resolutions were duly approved by the
relevant majority in each case. Resolutions 17 and 18 were passed as special
resolutions.  All other resolutions were passed as ordinary resolutions and,
in the case of resolutions 4, 6 and 11, were also passed by a majority of the
independent shareholders voting on the resolution, in accordance with LR
9.2.2ER.

 

                                                VOTES        %       VOTES        %      VOTES        % of ISC VOTED  VOTES

FOR (a)
AGAINST
TOTAL
WITHHELD (b)
 1   Receipt of accounts                        534,930,350  100.00  17,916       0.00   534,948,266  89.50%          175,424
 2   Approval of Annual Report on Remuneration  530,322,991  99.11   4,755,726    0.89   535,078,717  89.52%          45,033
 3   Approval of Remuneration Policy            509,875,972  95.29   25,186,080   4.71   535,062,052  89.52%          61,730
 4   Re-elect Amanda Brown                      523,333,100  97.80   11,752,706   2.20   535,085,806  89.52%          37,944
 5   Re-elect Keith Browne                      501,943,362  95.97   21,094,262   4.03   523,037,624  87.50%          12,086,158
 6   Re-elect Dave Coplin                       524,242,096  97.97   10,848,681   2.03   535,090,777  89.52%          33,005
 7   Re-elect Eddie Irwin                       489,533,724  93.59   33,503,553   6.41   523,037,277  87.50%          12,086,505
 8   Re-elect Bob Ivell                         376,931,716  70.44   158,157,194  29.56  535,088,910  89.52%          34,872
 9   Re-elect Tim Jones                         532,252,498  99.47   2,840,749    0.53   535,093,247  89.52%          30,117
 10  Re-elect Josh Levy                         406,508,347  77.72   116,533,081  22.28  523,041,428  87.51%          12,082,354
 11  Re-elect Jane Moriarty                     524,041,686  97.94   11,040,600   2.06   535,082,286  89.52%          41,496
 12  Re-elect Phil Urban                        533,954,922  99.79   1,140,354    0.21   535,095,276  89.52%          28,734
 13  Reappointment of auditor                   535,005,169  99.98   84,473       0.02   535,089,642  89.52%          33,747
 14  Auditor's remuneration                     535,012,722  99.98   81,671       0.02   535,094,393  89.52%          29,389
 15  Political donations                        532,704,059  99.57   2,303,887    0.43   535,007,946  89.51%          115,836
 16  Approval of Performance Share Plan         534,292,802  99.86   768,505      0.14   535,061,307  89.52%          62,475
 17  Authority to purchase own shares (c)       530,216,920  99.14   4,579,216    0.86   534,796,136  89.47%          327,646
 18  Notice period for meetings (c)             532,818,347  99.57   2,278,754    0.43   535,097,101  89.52%          26,681

 

 VOTES EXCLUDING THE CONTROLLING SHAREHOLDER ON THE RESOLUTIONS CONCERNING THE
 RE-ELECTION OF THE INDEPENDENT NON-EXECUTIVE DIRECTORS
                                 VOTES FOR (a)  %      VOTES AGAINST  %     VOTES TOTAL  % of ISC VOTED (excluding controlling shareholder)  VOTES WITHHELD (b)
 4   Re-elect Amanda Brown (d)   184,499,405    94.01  11,752,706     5.99  196,252,111  75.80%                                              37,944
 6   Re-elect Dave Coplin (d)    185,408,401    94.47  10,848,681     5.53  196,257,082  75.81%                                              33,005
 11  Re-elect Jane Moriarty (d)  185,207,991    94.37  11,040,600     5.63  196,248,591  75.80%                                              41,496

 

NOTES:

(a) The "For" vote includes those giving the Chairman discretion.

(b) A vote "Withheld" is not a vote in law and is not counted in the
calculation of the votes "For" or "Against" the resolution.

(c) Passed as special resolutions.

(d) Passed both as an ordinary resolution by a majority of all shareholders
and by a majority of the independent shareholders voting on the resolution, in
accordance with LR 9.2.2ER.

 

Votes "For" and "Against" are expressed as a percentage of votes received.
Voting was conducted by a poll.

 

The Board of Directors notes the level of votes against resolution 8
concerning the Chairman and resolution 10 concerning an individual who
represents the Company's controlling shareholder (as defined in the Listing
Rules).  The UK Corporate Governance Code (the "Code") contains best practice
recommendations in relation to corporate governance yet acknowledges that, in
individual cases, these will not all necessarily be appropriate for particular
companies.  Accordingly, the Code specifically recognises the concept of
"Comply or Explain" in relation to divergences from the Code and the Company
has explained the circumstances of these appointments in detail in its 2023
Annual Report.

 

The number of shares in issue at 6.30p.m. on 21 January 2024 was 597,727,235,
of which 258,893,540 were held by shareholders other than the controlling
shareholder.

 

The full text of the resolutions can be found in the Notice of Annual General
Meeting, which is available for inspection at the National Storage Mechanism
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://protect-eu.mimecast.com/s/JzR4CpZxxFOQAkZFJt10L?domain=data.fca.org.uk)
and also on the Company's website at www.mbplc.com (http://www.mbplc.com) .

 

These results will shortly be available on the Company's website
at www.mbplc.com (http://www.mbplc.com)  and in accordance with Listing
Rule 9.6.2, copies of the resolutions that were passed at the meeting and that
do not constitute ordinary business at an annual general meeting will be
submitted to the National Storage Mechanism and will shortly be available for
inspection at data.fca.org.uk
(https://protect-eu.mimecast.com/s/OnUKCK8wwh0wr4MC2Rdou?domain=data.fca.org.uk)

 

Denise Burton

Deputy Company Secretary

 

 

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