WH Smith PLC AGM Voting Update (7447R)
07 Luglio 2022 - 04:43PM
UK Regulatory
TIDMSMWH
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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END
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