REG - Schroders PLC - Result of AGM

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RNS Number : 1263H  Schroders PLC  01 May 2025

Schroders plc

 

Annual General Meeting ('AGM') 2025 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
                                                                                                                                                (excluding treasury shares)(ǂ)
 1     To receive the Annual Report & Accounts                               1,423,153,292                  99.95  739,007     0.05  4,180,390  88.40%
 2     To declare the Final Dividend                                         1,426,908,786                  99.95  763,431     0.05  400,472    88.64%
 3     To approve the Remuneration report                                    1,410,319,377                  99.25  10,670,754  0.75  5,431,250  88.22%
 4     To elect Meagen Burnett                                               1,423,515,586                  99.72  3,964,585   0.28  592,518    88.62%
 5     To elect Johanna Kyrklund                                             1,424,771,894                  99.81  2,768,697   0.19  532,098    88.63%
 6     To re-elect Dame Elizabeth Corley                                     1,410,946,566                  99.05  13,552,647  0.95  3,573,476  88.44%
 6*    To re-elect Dame Elizabeth Corley                                     701,080,798                    98.10  13,552,647  1.90  3,573,476  79.44%
 7     To re-elect Richard Oldfield                                          1,424,990,448                  99.82  2,509,712   0.18  572,529    88.63%
 8     To re-elect Ian King                                                  1,404,706,146                  98.41  22,763,913  1.59  592,359    88.62%
 8*    To re-elect Ian King                                                  694,840,378                    96.83  22,763,913  3.17  592,359    79.77%
 9     To re-elect Rakhi Goss-Custard                                        1,405,194,730                  98.44  22,269,152  1.56  608,807    88.62%
 9*    To re-elect Rakhi Goss-Custard                                        695,328,962                    96.90  22,269,152  3.10  608,807    79.76%
 10    To re-elect Iain Mackay                                               1,419,393,236                  99.43  8,083,749   0.57  595,704    88.62%
 10*   To re-elect Iain Mackay                                               709,527,468                    98.87  8,083,749   1.13  595,704    79.77%

 11    To re-elect Annette Thomas                                            1,405,432,700                  98.46  22,037,891  1.54  602,098    88.62%
 11*   To re-elect Annette Thomas                                            695,566,932                    96.93  22,037,891  3.07  602,098    79.77%
 12    To re-elect Frederic Wakeman                                          1,419,376,188                  99.43  8,086,008   0.57  610,493    88.62%
 12*   To re-elect Frederic Wakeman                                          709,510,420                    98.87  8,086,008   1.13  610,493    79.76%
 13    To re-elect Matthew Westerman                                         1,402,394,518                  98.24  25,061,430  1.76  616,741    88.62%
 13*   To re-elect Matthew Westerman                                         692,528,750                    96.51  25,061,430  3.49  616,741    79.76%
 14    To re-elect Claire Fitzalan Howard                                    1,407,092,170                  98.57  20,391,901  1.43  588,618    88.62%
 15    To re-elect Leonie Schroder                                           1,407,125,699                  98.57  20,420,484  1.43  526,506    88.63%
 16    To re-appoint Ernst & Young LLP as auditor                            1,423,866,410                  99.95  725,166     0.05  3,481,113  88.44%
 17    To authorise the Audit and Risk Committee to determine the auditor's  1,426,677,871                  99.94  922,913     0.06  471,905    88.63%
       remuneration
 18ǂ   To approve the Panel's Waiver regarding                               703,807,593                    98.08  13,785,269  1.92  612,309    44.55%

       Rule 9 of the Takeover Code
 19    To authorise the purchase of own shares                               1,414,084,754                  99.07  13,265,494  0.93  722,441    88.62%
 20    Notice of general meetings                                            1,399,083,569                  98.00  28,539,096  2.00  450,024    88.63%

 

 

As announced on 6 March 2025, Deborah Waterhouse did not stand for re-election
and stepped down as a Director at the conclusion of today's 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 (excluding treasury shares) as at 6pm on 29
April 2025, 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. The total number of shares held in treasury is 1,360,247 and
therefore the total number of voting rights in the Company is 1,610,711,278.

 

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

 

* In accordance with UK Listing Rule 6.2.8, to be passed, resolutions  6 and
 8 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 6*,
8*, 9*, 10*, 11*, 12* and 13*.

 

The Schroders issued ordinary share capital used for Resolutions 6*, 8*, 9*,
10*, 11*, 12* and 13* is  899,642,692 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 18.

 

In accordance with UKLR 6.4.2, 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 Group 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) shortly.

 

 

 

 

Enquiries:

 

Kate Graham

Company Secretary

Schroders plc

Tel: 0207 658 8272

 

 

 

1 May 2025

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