REG - Next PLC - Result of AGM
RNS Number : 9226MNext PLC14 May 2020
Contacts:
Alistair Mackinnon-Musson
Rowbell PR
Tel: 020 7717 5239
Email: next@rowbellpr.com
Photographs:
Photographs available at:
http://press.next.co.uk/media/company-images/campaignimages.aspx
NEXT PLC
Results of 2020 Annual General Meeting ("AGM")
The Board of Next plc is pleased to announce that at the AGM of Next shareholders held on 14 May 2020 all resolutions as set out in the Notice of Meeting contained in the Annual Report and Accounts for the year ended 25 January 2020 were passed.
All resolutions were put to the meeting and approved on a poll and results are detailed below.
The total number of shares on the register at 6.30 pm on 12 May 2020, being those eligible to be voted on at the AGM, was 132,949,276.
For
Against
TOTAL VOTES CAST
% of shares on register at 6.30pm 12 May 2020
Votes withheld1
Resolution
Special / Ordinary
No. of Votes
%
No. of Votes
%
No. of Votes
%
No. of Votes
1 To receive and adopt the accounts and reports of the directors and auditor
Ordinary
101,107,641
100.0%
773
0.0%
101,108,414
76.05%
227,830
2 To adopt the Remuneration Policy
Ordinary
92,690,078
91.82%
8,252,433
8.18%
100,942,511
75.93%
393,732
3 To approve the Remuneration report
Ordinary
96,952,432
97.03%
2,964,177
2.97%
99,916,609
75.15%
1,419,634
4 To re-elect Jonathan Bewes as a director
Ordinary
98,475,535
97.33%
2,696,361
2.67%
101,171,896
76.10%
164,347
5 To re-elect Tristia Harrison as a director
Ordinary
100,525,541
99.36%
646,624
0.64%
101,172,165
76.10%
164,079
6 To re-elect Amanda James as a director
Ordinary
99,722,096
98.57%
1,450,063
1.43%
101,172,159
76.10%
164,084
7 To re-elect Richard Papp as a director
Ordinary
100,264,827
99.10%
907,216
0.90%
101,172,043
76.10%
164,200
8 To re-elect Michael Roney as a director
Ordinary
89,187,316
89.66%
10,283,486
10.34%
99,470,802
74.82%
1,865,441
9 To re-elect Francis Salway as a director
Ordinary
98,012,612
96.94%
3,092,043
3.06%
101,104,655
76.05%
231,588
10 To re-elect Jane Shields as a director
Ordinary
100,433,259
99.27%
741,992
0.73%
101,175,251
76.10%
160,992
11 To re-elect Dame Dianne Thompson as a director
Ordinary
100,625,877
99.46%
545,139
0.54%
101,171,016
76.10%
165,228
12 To re-elect Lord Wolfson as a director
Ordinary
100,506,243
99.34%
670,280
0.66%
101,176,523
76.10%
159,721
13 To re-appoint PricewaterhouseCoopers LLP as auditor
Ordinary
101,138,671
99.96%
37,893
0.04%
101,176,564
76.10%
159,680
14 To authorise the Audit Committee to set the auditor's remuneration
Ordinary
101,134,044
99.96%
43,221
0.04%
101,177,265
76.10%
158,979
15 To authorise the directors to amend the rules of the Next LTIP
Ordinary
98,389,678
97.25%
2,781,351
2.75%
101,171,029
76.10%
165,215
16 To extend the Next SMP
Ordinary
96,776,834
95.66%
4,394,235
4.34%
101,171,069
76.10%
165,175
17 To extend the Next Sharesave Plan
Ordinary
100,560,711
99.40%
611,772
0.60%
101,172,483
76.10%
163,761
18 To extend the Next MSOP
Ordinary
100,573,749
99.41%
597,084
0.59%
101,170,833
76.10%
165,411
19 Directors' authority to allot shares
Ordinary
96,957,358
95.83%
4,216,648
4.17%
101,174,006
76.10%
162,238
20 General authority to disapply pre-emption rights
Special
101,119,365
99.95%
51,815
0.05%
101,171,180
76.10%
165,064
21 Additional authority to disapply pre-emption rights
Special
98,633,784
97.49%
2,536,676
2.51%
101,170,460
76.10%
165,784
22 Authority for on-market purchase of own shares
Special
98,956,361
97.86%
2,168,873
2.14%
101,125,234
76.06%
211,009
232 Authority for off-market purchases of own shares
Special
98,653,832
97.56%
2,470,722
2.44%
101,124,554
76.06%
211,689
Less votes disregarded under the provisions of the Companies Act 2006
(3,000,000)
(3,000,000)
Resolution 23 total
95,653,8322
97.48%
2,470,722
2.52%
98,124,554
73.81%
211,689
24 To increase the Company's borrowing powers
Special
93,726,546
92.64%
7,440,865
7.36%
101,167,411
76.09%
168,833
25 To adopt new articles of association
Special
101,158,861
100.0%
4,561
0.0%
101,163,422
76.09%
172,822
26 Notice period of general meetings
Special
96,031,957
94.92%
5,144,260
5.08%
101,176,217
76.10%
160,026
Note1: The 'Vote Withheld' option is provided to enable the shareholder to abstain on any resolution. It is not a vote in law and is not counted in the calculation of the proportion of votes for and against a resolution.
Note2: The total maximum number of Ordinary Shares which may be purchased by Next for cancellation pursuant to such contingent purchase contracts is 3.0 million. Next has disregarded 3.0 million votes from both the total number of votes cast in favour of the resolution and the total votes cast so that the voting of those shares did not affect the result of the poll.
In accordance with LR 9.6.2 and 9.2.6ER(1), a copy of resolutions passed as special business along with the new articles of association will be submitted as soon as practicable to the National Storage Mechanism and will be available shortly for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
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