TIDMSBRY

RNS Number : 7270R

Sainsbury(J) PLC

07 July 2022

J Sainsbury plc

(the Company)

Results of AGM

Following the Annual General Meeting held today, J Sainsbury plc announces the results of the poll vote for each resolution. The Board was pleased to see all resolutions approved by shareholders except Resolution 21. Resolution 21 was a Special Resolution submitted by a small group of shareholders, co-ordinated by ShareAction, directing the Company to become a Living Wage accredited employer.

The Board firmly believes the Company must preserve the right to make independent business decisions which are not determined by an external organisation and therefore did not support resolution 21.

Resolution 21 required 75 per cent of votes in favour to pass. It received 16.7 per cent of votes and was therefore overwhelmingly rejected by shareholders.

Commenting on the ShareAction resolution, Martin Scicluna, Chairman of Sainsbury's said:

"We are proud to have led the way on colleague pay in our industry for the past five years and to pay our colleagues the living wage regardless of where they work in the country."

"We would like to thank our shareholders for their overwhelming votes of support and confidence in how Simon and his team are running the business. We believe very strongly in paying people well for the excellent job they do for our customers every single day. We also believe that we need to make all business investment decisions independently and that these decisions should not be outsourced to a third party."

 
                                Votes For      % of     Votes Against    % of      Votes cast     Votes       Votes 
                                               Votes                     Votes                     cast    Withheld(1) 
                                               Cast                      Cast                     as a % 
                                                                                                  of ISC 
       To receive and adopt 
       the Company's 
       audited 
       Annual Report and 
       Financial Statements 
       for the 52 weeks to 
       5 March 2022, 
       together 
       with the Reports of 
       the Directors and 
  1    auditor                1,808,534,797     99.99         113,567      0.01   1,808,648,364   77.17%     3,767,093 
      ---------------------  --------------  --------  --------------  --------  --------------  -------  ------------ 
       To approve the 
       Annual 
       Report on 
  2    Remuneration           1,770,454,195     98.53      26,472,313      1.47   1,796,926,508   76.67%    15,487,949 
      ---------------------  --------------  --------  --------------  --------  --------------  -------  ------------ 
       To declare a final 
       dividend of 9.9 
       pence 
       per ordinary share 
       in respect of the 
       52 weeks to 5 March 
  3    2022                   1,811,301,047     99.99         258,825      0.01   1,811,559,872   77.29%       855,585 
      ---------------------  --------------  --------  --------------  --------  --------------  -------  ------------ 
       To elect Jo Bertram 
  4     as a Director         1,794,404,993     99.07      16,869,476      0.93   1,811,274,469   77.28%     1,140,988 
      ---------------------  --------------  --------  --------------  --------  --------------  -------  ------------ 
       To re-elect Brian 
  5    Cassin as a Director   1,769,281,401     97.68      42,044,555      2.32   1,811,325,956   77.28%     1,089,501 
      ---------------------  --------------  --------  --------------  --------  --------------  -------  ------------ 
       To re-elect Jo 
       Harlow 
  6    as a Director          1,764,497,419     97.60      43,303,205      2.40   1,807,800,624   77.13%     4,614,804 
      ---------------------  --------------  --------  --------------  --------  --------------  -------  ------------ 
       To re-elect Adrian 
  7    Hennah as a Director   1,757,913,309     97.05      53,417,031      2.95   1,811,330,340   77.28%     1,084,918 
      ---------------------  --------------  --------  --------------  --------  --------------  -------  ------------ 
       To re-elect Tanuj 
        Kapilashrami as a 
  8     Director              1,768,748,163     97.65      42,538,320      2.35   1,811,286,483   77.28%     1,128,974 
      ---------------------  --------------  --------  --------------  --------  --------------  -------  ------------ 
       To re-elect Kevin 
       O'Byrne as a 
  9    Director               1,809,359,373     99.89       1,959,715      0.11   1,811,319,088   77.28%     1,096,198 
      ---------------------  --------------  --------  --------------  --------  --------------  -------  ------------ 
       To re-elect Simon 
       Roberts as a 
  10   Director               1,810,579,186     99.96         729,377      0.04   1,811,308,563   77.28%     1,106,894 
      ---------------------  --------------  --------  --------------  --------  --------------  -------  ------------ 
       To re-elect Martin 
       Scicluna as a 
  11   Director               1,754,846,666     96.88      56,480,483      3.12   1,811,327,149   77.28%     1,088,079 
      ---------------------  --------------  --------  --------------  --------  --------------  -------  ------------ 
       To re-elect Keith 
  12    Weed as a Director    1,769,264,042     97.68      42,060,482      2.32   1,811,324,524   77.28%     1,087,579 
      ---------------------  --------------  --------  --------------  --------  --------------  -------  ------------ 
       To re-appoint Ernst 
       & Young LLP as 
  13   auditor                1,807,846,519     99.81       3,493,688      0.19   1,811,340,207   77.28%     1,075,221 
      ---------------------  --------------  --------  --------------  --------  --------------  -------  ------------ 
       To authorise the 
       Audit 
       Committee to 
       determine 
       the auditor's 
  14   remuneration           1,810,160,557     99.93       1,232,064      0.07   1,811,392,621   77.29%     1,022,836 
      ---------------------  --------------  --------  --------------  --------  --------------  -------  ------------ 
       Directors' general 
        authority to allot 
  15    shares                1,754,340,631     96.85      57,059,589      3.15   1,811,400,220   77.29%     1,008,365 
      ---------------------  --------------  --------  --------------  --------  --------------  -------  ------------ 
       Directors' general 
       authority to 
       disapply 
       pre-emption rights 
       without restriction 
       as to use 
  16   (Special Resolution)   1,805,793,118     99.72       5,155,690      0.28   1,810,948,808   77.27%     1,466,649 
      ---------------------  --------------  --------  --------------  --------  --------------  -------  ------------ 
       Authority to 
       disapply 
       pre-emption rights 
       for acquisitions or 
       specified capital 
       investments 
  17   (Special Resolution)   1,735,381,190     95.83      75,553,648      4.17   1,810,934,838   77.27%     1,479,035 
      ---------------------  --------------  --------  --------------  --------  --------------  -------  ------------ 
       To authorise the 
       Company 
       to make 'political 
       donations' and incur 
       'political 
  18   expenditure'           1,463,294,053     99.58       6,167,956      0.42   1,469,462,009   62.70%   342,955,413 
      ---------------------  --------------  --------  --------------  --------  --------------  -------  ------------ 
       To authorise the 
       Company 
       to purchase its own 
       shares 
  19   (Special Resolution)   1,806,726,684     99.80       3,538,810      0.20   1,810,265,494   77.24%     2,149,891 
      ---------------------  --------------  --------  --------------  --------  --------------  -------  ------------ 
       To authorise the 
       Company 
       to call a general 
       meeting on not less 
       than 14 clear days' 
       notice 
  20   (Special Resolution)   1,690,202,105     93.31     121,229,131      6.69   1,811,431,236   77.29%       984,075 
      ---------------------  --------------  --------  --------------  --------  --------------  -------  ------------ 
       Shareholder 
       Resolution 
       on Living Wage 
       accreditation 
  21   (Special Resolution)     294,523,005     16.69   1,470,491,308     83.31   1,765,014,313   75.31%    47,414,289 
      ---------------------  --------------  --------  --------------  --------  --------------  -------  ------------ 
 

(1) A vote withheld is not a vote under English law and is therefore not included in the calculation of votes for and against a resolution.

   The total number of voting rights as at 7 July 2021 was   2,343,771,411 shares of 28(4) /(7) pence. 

In accordance with Listing Rule 9.6.2, copies of the resolutions that do not constitute ordinary business at an annual general meeting will be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

A copy of the voting results shown above will also be made available on the Company's website at https://www.about.sainsburys.co.uk/investors/shareholder-information/agm .

 
 Investor Relations Enquiries   Media Enquiries 
 James Collins                  Rebecca Reilly 
 +44 (0) 20 7695 0080           +44 (0) 20 7695 7295 
 
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