TIDMBVS
RNS Number : 0824P
Bovis Homes Group PLC
23 May 2018
Bovis Homes Group PLC - Result of AGM
At the Company's 2018 Annual General Meeting ("AGM") held on 23
May 2018 all resolutions put to the meeting were voted on by poll
and were passed by shareholders. The results will be available
shortly on the Company's website www.bovishomesgroup.co.uk.
A copy of the relevant resolutions is being submitted to the
National Storage Mechanism and will shortly be available for
inspection at www.morningstar.co.uk/uk/NSM.
For information, the results of the poll voting are given
below:
Votes for (including Votes against Votes Total votes
discretion) withheld cast (excluding
votes withheld)
--- ------------------------ ----------------------- ---------------------- ----------- ------------------------
Resolution Number % of Number % Number Number % of
of shares shares of shares of of shares of shares issued
voted shares share
voted capital
--- ------------------------ ------------- -------- ------------ -------- ----------- ------------- ---------
To receive
the audited
accounts
of the Company
for the
year ended
31 December
2017 and
the reports
of the directors
1 and auditors. 104,959,050 98.69 1,388,829 1.31 7,899 106,347,879 78.95%
--- ------------------------ ------------- -------- ------------ -------- ----------- ------------- ---------
To approve
the directors'
remuneration
2 report. 65,095,214 62.38 39,265,744 37.62 1,994,818 104,360,958 77.47%
--- ------------------------ ------------- -------- ------------ -------- ----------- ------------- ---------
To declare
the final
dividend
recommended
3 by the directors. 106,354,729 100.00 1,050 0.00 0 106,355,779 78.95%
--- ------------------------ ------------- -------- ------------ -------- ----------- ------------- ---------
To re-appoint
Ian Paul
Tyler as
a director
4 of the Company. 98,215,584 95.54 4,582,441 4.46 3,544,689 102,798,025 76.31%
--- ------------------------ ------------- -------- ------------ -------- ----------- ------------- ---------
To re-appoint
Margaret
Christine
Browne as
a director
5 of the Company. 95,710,854 90.07 10,557,039 9.93 87,885 106,267,893 78.89%
--- ------------------------ ------------- -------- ------------ -------- ----------- ------------- ---------
To re-appoint
Ralph Graham
Findlay
as a director
6 of the Company. 95,677,990 91.34 9,068,807 8.66 1,608,981 104,746,797 77.76%
--- ------------------------ ------------- -------- ------------ -------- ----------- ------------- ---------
To re-appoint
Nigel Keen
as a director
7 of the Company. 95,703,191 90.04 10,586,258 9.96 66,329 106,289,449 78.90%
--- ------------------------ ------------- -------- ------------ -------- ----------- ------------- ---------
To re-appoint
Michael
John Stansfield
as a director
8 of the Company. 105,259,294 99.03 1,029,406 0.97 67,079 106,288,700 78.90%
--- ------------------------ ------------- -------- ------------ -------- ----------- ------------- ---------
To re-appoint
Gregory
Paul Fitzgerald
as a director
9 of the Company. 105,844,084 99.58 445,526 0.42 66,169 106,289,610 78.90%
--- ------------------------ ------------- -------- ------------ -------- ----------- ------------- ---------
To re-appoint
Earl Sibley
as a director
10 of the Company. 105,378,498 99.15 900,872 0.85 76,409 106,279,370 78.90%
--- ------------------------ ------------- -------- ------------ -------- ----------- ------------- ---------
To re-appoint
PricewaterhouseCoopers
LLP as auditors
11 of the Company. 106,287,563 99.99 6,498 0.01 61,718 106,294,061 78.91%
--- ------------------------ ------------- -------- ------------ -------- ----------- ------------- ---------
To authorise
the directors
to determine
the remuneration
12 of the auditors. 106,313,713 100.00 4,214 0.00 37,852 106,317,927 78.93%
--- ------------------------ ------------- -------- ------------ -------- ----------- ------------- ---------
Authority
to allot
13 shares. 104,407,363 98.23 1,882,702 1.77 65,714 106,290,065 78.90%
--- ------------------------ ------------- -------- ------------ -------- ----------- ------------- ---------
To allow
a general
meeting
other than
an Annual
General
Meeting
to be called
on not less
than 14
clear days'
14 notice. 103,039,014 96.91 3,282,136 3.09 34,629 106,321,150 78.93%
--- ------------------------ ------------- -------- ------------ -------- ----------- ------------- ---------
Authority
to disapply
pre-emption
15 rights. 106,227,438 99.88 122,872 0.12 5,469 106,350,310 78.95%
--- ------------------------ ------------- -------- ------------ -------- ----------- ------------- ---------
Authority
to purchase
16 own shares. 104,528,227 98.42 1,679,425 1.58 148,126 106,207,652 78.84%
--- ------------------------ ------------- -------- ------------ -------- ----------- ------------- ---------
The issued share capital at the date of the meeting was
134,706,805 ordinary shares of 50p each.
A 'vote withheld' is not a vote in law and has not been counted
in the calculation of votes for and against.
Statement regarding voting result
The Board is pleased that all of the resolutions put to
shareholders at the AGM were passed. However, the Board recognises
that a significant minority opposed resolution 2 being the 2017
Annual Remuneration Report.
Given the unusual backdrop to the remuneration decisions that
had to be taken this year (the departure of our previous CEO, the
CFO acting as interim CEO, two unsolicited bids, the arrival of a
new CEO and the launch of a challenging turnaround plan) the
Remuneration Committee consulted extensively with shareholders
prior to the AGM on its approach to executive remuneration for
2017/18. This process helped shape the remuneration decisions that
were taken.
In reaching its decisions, the Committee's priorities were to
ensure that the Directors' remuneration arrangements were fully
aligned with the business and incentivised the successful delivery
of the Company's challenging turnaround plan, whilst also ensuring
that they were fair and reasonable both for the executives and
shareholders, in what was an unusual year.
Going forward, the Committee is committed to continuing an open
dialogue with all shareholders. It welcomes feedback at all times
and would like to thank those shareholders and proxy bodies who
participated in its consultation this year.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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