REG - Schroders PLC - Result of AGM

SchrodersAnnouncement

25/04/2024 15:30

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RNS Number : 0920M  Schroders PLC  25 April 2024

Schroders plc

 

Annual General Meeting ('AGM') 2024 Results

Schroders plc ('Schroders') confirms that all resolutions put to the AGM held
earlier today were passed and the results are as follows:

 

       Resolution                                                            For (including discretionary)  %       Against     %     Withheld    Votes cast as a percentage of Schroders issued ordinary share capital(ǂ)
 1     To receive the Annual Report & Accounts                               1,430,713,416                  100.00  5,831       0.00  1,356,589   88.75%

 2     To declare the Final Dividend                                         1,431,032,395                  100.00  12,571      0.00  1,030,870   88.77%
 3     To approve the Remuneration report                                    1,379,172,791                  96.38   51,815,946  3.62  1,087,099   88.77%
 4     To elect Iain Mackay                                                  1,430,887,851                  100.00  39,680      0.00  1,148,305   88.76%
 4*    To elect Iain Mackay                                                  721,522,083                    99.99   39,680      0.01  191,933     80.07%
 5     To elect Richard Oldfield                                             1,429,947,177                  99.93   997,840     0.07  1,130,819   88.76%
 6     To elect Annette Thomas                                               1,429,808,885                  99.92   1,110,684   0.08  1,156,267   88.76%
 6*    To elect Annette Thomas                                               720,443,117                    99.85   1,110,684   0.15  199,895     80.07%
 7     To elect Frederic Wakeman                                             1,430,883,275                  100.00  33,406      0.00  1,159,155   88.76%
 7*    To elect Frederic Wakeman                                             721,517,507                    100.00  33,406      0.00  202,783     80.07%
 8     To re-elect Dame Elizabeth Corley                                     1,420,899,953                  99.30   10,033,985  0.70  1,141,898   88.76%
 8*    To re-elect Dame Elizabeth Corley                                     711,534,185                    98.61   10,033,985  1.39  185,526     80.07%
 9     To re-elect Peter Harrison                                            1,429,912,059                  99.93   1,045,702   0.07  1,118,075   88.77%
 10    To re-elect Ian King                                                  1,422,944,890                  99.44   7,971,782   0.56  1,159,164   88.76%

 10*   To re-elect Ian King                                                  713,579,122                    98.90   7,971,782   1.10  202,792     80.07%

 11    To re-elect Rakhi Goss-Custard                                        1,423,283,639                  99.47   7,631,520   0.53  1,160,677   88.76%
 11*   To re-elect Rakhi Goss-Custard                                        713,917,871                    98.94   7,631,520   1.06  204,305     80.07%
 12    To re-elect Deborah Waterhouse                                        1,420,039,414                  99.44   7,964,770   0.56  4,071,652   88.58%
 12*   To re-elect Deborah Waterhouse                                        710,673,646                    98.89   7,964,770   1.11  3,115,280   79.74%
 13    To re-elect Matthew Westerman                                         1,400,610,800                  97.88   30,315,125  2.12  1,149,911   88.76%
 13*   To re-elect Matthew Westerman                                         691,245,032                    95.80   30,315,125  4.20  193,539     80.07%
 14    To re-elect Claire Fitzalan Howard                                    1,401,301,455                  97.93   29,622,569  2.07  1,151,812   88.76%
 15    To re-elect Leonie Schroder                                           1,401,308,200                  97.93   29,637,059  2.07  1,130,577   88.76%
 16    To re-appoint Ernst & Young LLP as auditor                            1,427,940,310                  99.79   3,052,692   0.21  1,082,834   88.77%
 17    To authorise the Audit and Risk Committee to determine the auditor's  1,430,935,605                  99.99   96,047      0.01  1,044,184   88.77%
       remuneration

 18    To authorise Political Donations                                      1,321,280,036                  99.05   12,687,400  0.95  98,108,400  82.75%
 19ǂ   To approve the Panel's Waiver regarding                               687,559,153                    95.33   33,684,950  4.67  971,769     44.74%

       Rule 9 of the Takeover Code
 20    To authorise the purchase of own shares                               1,411,032,179                  98.61   19,954,103  1.39  1,089,554   88.77%
 21    Notice of general meetings                                            1,398,066,147                  97.70   32,943,604  2.30  1,061,885   88.77%

 

 

As announced on 29 February 2024, Rhian Davies did not stand for re-election
and stepped down as a Director at the conclusion of the Annual General
Meeting.

 

For the purposes of section 341 of the Companies Act 2006, the votes validly
cast are expressed in the table above as a percentage of Schroders' total
issued ordinary share capital as at 6pm on 23 April 2024, being the time at
which a shareholder had to be registered in the register of members in order
to attend and vote at the AGM.  A vote "withheld" is not a vote in law and
has not been counted as a vote "for" or "against" a resolution.

 

The number of ordinary shares in issue at the date of this announcement is
1,612,071,525.

 

Resolutions 20 and 21 were passed as special resolutions. Copies of
resolutions 18, 19, 20 and 21 will be filed at Companies House.

 

* In accordance with Listing Rule 9.2.2E, to be passed, resolutions 4, 6, 7, 8
and 10 to 13 must be approved by a simple majority of all shareholders and by
a simple majority of the independent shareholders. The results of the
independent shareholder vote on the applicable Resolutions are set out in 4*,
6*, 7*, 8* and 10* to 13*.

 

 

The Schroders issued ordinary share capital used for Resolutions 4*, 6*, 7*,
8* and 10* to 13* is 901,202,939 which is the total number of ordinary shares
held by independent shareholders.

 

ǂ Only the votes of independent shareholders have been counted in determining
the result of Resolution 19.

 

In accordance with LR 9.6.2, a copy of the resolutions passed, other than
resolutions concerning ordinary business, at today's AGM will be submitted to
the National Storage Mechanism and will be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

The Chair's and Chief Executive's AGM update and a summary of the questions
asked on the day and by email will be published on the AGM page of our website
at www.schroders.com/AGM (http://www.schroders.com/AGM) .

 

 

 

 

Enquiries:

 

Graham Staples

Company Secretary

Schroders plc

Tel: 020 7658 6000

 

 

 

25 April 2024

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