REG - WH Smith PLC - AGM Voting Update

WH SmithAnnouncement

07/07/2022 15:45

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RNS Number : 7447R  WH Smith PLC  07 July 2022

 

 

WH SMITH PLC

7 July 2022

 

 

UPDATE ON RESPONSE TO 2022 AGM VOTING OUTCOME

 

In response to the voting outcome on the Directors' Remuneration Report
(Resolution 2) and the Re-election of Maurice Thompson (Resolution 10) at the
WH Smith PLC Annual General Meeting on 19 January 2022, the following provides
an update to the statement made after the vote.

 

Resolution 2 - Advisory Vote on Directors' remuneration report

While Resolution 2 to approve the Directors' Remuneration Report was passed,
we acknowledge that a significant minority of shareholders chose not to
support this resolution.  Prior to the AGM the Remuneration Committee
consulted extensively with shareholders and we note that the Company's new
Remuneration Policy was approved at the AGM with a good level of support.
Following the AGM, Marion Sears, the new Remuneration Committee Chair, wrote
to our largest shareholders in order to understand the reasons for their vote
and to offer further engagement.  The Remuneration Committee will continue to
consult with shareholders, as appropriate, in respect of the Company's ongoing
remuneration practices.

 

Resolution 10 - Re-election of Maurice Thompson as a director of the Company

While Resolution 10 to approve the Re-election of Maurice Thompson as a
director of the Company was passed, we acknowledge that a minority of
shareholders chose not to support this resolution.  Following the AGM, the
Chairman wrote to our largest shareholders in order to better understand their
views and the reasons for their vote.  The Board believes that Maurice
continues to be an effective and independent non-executive director.

 

An update on these matters will be included in the 2022 Annual Report.

 

 

 

I Houghton

Company Secretary

 

Enquiries:

 

WH Smith PLC

Mark Boyle                 Investor Relations
07879 897687

Nicola Hillman            Media Relations         01793 563354

 

Brunswick

Tim Danaher
       020 7404 5959

 

 

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