REG-Travis Perkins Travis Perkins: Results of General Meeting

Travis PerkinsAnnouncement

27/04/2021 15:30

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Travis Perkins (TPK)
Travis Perkins: Results of General Meeting

27-Apr-2021 / 15:27 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

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At the General Meeting of Travis Perkins plc ("The Company") held at Ryehill House, Rye Hill
Close, Lodge Farm Industrial Estate, Northampton NN5 7UA on Tuesday, 27 April 2021 at
which 24 shareholders or their representatives were present. All resolutions were passed

 

The result of the proxy vote on each resolution is given below:-

 
                                Shares        %                                     Votes
Resolution                                          Shares Against   % against   Withheld(2)
                               For (1)       for
 1. To approve the Demerger
    and the Demerger           197,759,462   99.99           12,724        0.01        38,875
    dividend.
 2. To approve the Travis
    Perkins plc share          197,753,378   99.99           17,808        0.01        39,875
    consolidation.
 3. To approve the Wickes      108,400,068   55.27       87,718,681       44.73     1,692,312
    Share Plans.
 

Notes

(1)     Includes discretionary votes

(2)     A vote withheld is not, in law, a vote and is not counted in the votes for or against
a resolution

 

 

More than 20% of the votes on Resolution 3 at today's General Meeting were not cast in
favour.  Resolution 3 related to the approval of proposed share schemes for Wickes Group plc
("Wickes") under which transitional awards ("Transitional Awards") are to be made to the
Executive Directors of Wickes.  The Board of Wickes understands that concerns over the
Resolution were in large part related to the Transitional Awards and may have been influenced
by the 'against' recommendation initially published by ISS which was subsequently revised to
a 'qualified for' recommendation following consultation with Wickes.

 

The Wickes Board is mindful of all of the requirements of Provision 4 of the UK Corporate
Governance Code 2018 and is committed to open and constructive dialogue with
shareholders.  Wickes intends to consult with shareholders in the coming months, well in
advance of putting its Directors' Remuneration Policy to a binding vote in 2022 at its first
AGM following demerger from the Travis Perkins Group.

 

 

Details of the questions asked during the meeting will be available on the Company's website
from tomorrow at
 1 https://www.travisperkinsplc.co.uk/investors/shareholder-centre/general-meetings/year/2021

 

 
 

In the case of queries, please contact:

 

Robin Miller, General Counsel & Company Secretary   

+44 (0)7515 197975 

 

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   ISIN:           GB0007739609
   Category Code:  ROM
   TIDM:           TPK
   LEI Code:       2138001I27OUBAF22K83
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   100726
   EQS News ID:    1188636


    
   End of Announcement EQS News Service

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