TIDMCSP
RNS Number : 7848A
Countryside Properties PLC
23 January 2020
23 January 2020
COUNTRYSIDE PROPERTIES PLC (THE "COMPANY")
RESULTS OF 2020 ANNUAL GENERAL MEETING
At the Company's fourth Annual General Meeting ("AGM") held
earlier today all resolutions put to the meeting were voted on by
way of a poll and were passed by the shareholders.
The results of the poll vote for each resolution are as
follows:
Resolution Votes For Votes Against Total Votes Cast Votes
(excluding votes Withheld
withheld)
No of % of No. of % of No. of % of issued No. of
Shares shares Shares shares Shares share capital Shares
voted voted
----------------------- ------------ ------- ----------- -------- ------------ --------------- -----------
To receive and
adopt the Company's
audited Annual
Report for the
year ended 30
September 2019
and the reports
of the Directors
and Auditor
1. thereon. 412,215,274 100.00 3,860 0.00 412,219,134 91.60 363,168
----------------------- ------------ ------- ----------- -------- ------------ --------------- -----------
To approve the
Directors'
Remuneration
Report (excluding
the Directors'
Remuneration
Policy) for
the year ended
30 September
2. 2019. 304,347,476 77.97 85,971,065 22.03 390,318,541 86.74 23,299,095
----------------------- ------------ ------- ----------- -------- ------------ --------------- -----------
To approve the
Directors'
Remuneration
3. Policy 370,380,362 95.69 16,667,086 4.31 387,047,448 86.01 26,570,188
----------------------- ------------ ------- ----------- -------- ------------ --------------- -----------
To declare a
final dividend
of 10.3 pence
per ordinary
share for the
year ended 30
4. September 2019. 412,579,163 100.00 3,139 0.00 412,582,302 91.68 0
----------------------- ------------ ------- ----------- -------- ------------ --------------- -----------
To elect Simon
Townsend as
5. a Director. 409,267,344 99.20 3,313,973 0.80 412,581,317 91.68 985
----------------------- ------------ ------- ----------- -------- ------------ --------------- -----------
To elect Iain
McPherson as
6. a Director 411,333,352 99.70 1,247,965 0.30 412,581,317 91.68 985
----------------------- ------------ ------- ----------- -------- ------------ --------------- -----------
To re-elect
David Howell
7. as a Director. 389,659,488 94.44 22,922,813 5.56 412,582,301 91.68 0
----------------------- ------------ ------- ----------- -------- ------------ --------------- -----------
To re-elect
Mike Scott as
8. a Director. 409,045,169 99.14 3,537,133 0.86 412,582,302 91.68 0
----------------------- ------------ ------- ----------- -------- ------------ --------------- -----------
To re-elect
Douglas Hurt
9, as a Director 390,446,024 94.63 22,136,278 5.37 412,582,302 91.68 0
----------------------- ------------ ------- ----------- -------- ------------ --------------- -----------
To re-elect
Amanda Burton
10. as a Director. 386,833,170 93.76 25,748,458 6.24 412,581,628 91.68 674
----------------------- ------------ ------- ----------- -------- ------------ --------------- -----------
To re-elect
Baroness Sally
Morgan as a
11. Director. 390,443,899 94.63 22,137,729 5.37 412,581,628 91.68 674
----------------------- ------------ ------- ----------- -------- ------------ --------------- -----------
To re-appoint
PricewaterhouseCoopers
LLP as Auditor
12. of the Company. 409,175,856 99.18 3,402,846 0.82 412,578,702 91.68 3,599
----------------------- ------------ ------- ----------- -------- ------------ --------------- -----------
To authorise
the Audit Committee
to determine
the Auditor's
13. remuneration. 412,530,707 99.99 50,745 0.01 412,581,452 91.68 850
----------------------- ------------ ------- ----------- -------- ------------ --------------- -----------
To authorise
the Board to
allot or sell
shares and grant
subscription/
conversion rights
14. over shares. 410,681,492 99.54 1,899,564 0.46 412,581,056 91.68 1,246
----------------------- ------------ ------- ----------- -------- ------------ --------------- -----------
To authorise
the Board to
allot or sell
shares without
complying with
pre-emption
15. rights. 412,430,253 99.96 152,049 0.04 412,582,302 91.68 0
----------------------- ------------ ------- ----------- -------- ------------ --------------- -----------
To authorise
the Company
to make market
16. purchases. 408,045,972 98.91 4,489,005 1.09 412,534,977 91.67 47,324
----------------------- ------------ ------- ----------- -------- ------------ --------------- -----------
To authorise
the Company
to make political
donations and
incur political
17. expenditure. 409,806,157 99.33 2,768,334 0.67 412,574,491 91.68 7,811
----------------------- ------------ ------- ----------- -------- ------------ --------------- -----------
To allow the
Company to hold
general meetings,
other than an
annual general
meeting, on
not less than
14 clear days'
18. notice. 404,658,706 98.08 7,923,596 1.92 412,582,302 91.68 0
----------------------- ------------ ------- ----------- -------- ------------ --------------- -----------
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 'for' vote includes those giving the
Chairman discretion.
The total number of voting rights as at voting record date were
450,000,000 shares of GBP0.01 each.
In accordance with Listing Rule 9.6.2R, copies of the
resolutions passed as special business will shortly be available
for inspection on the National Storage Mechanism at
http://www.morningstar.co.uk/uk/NSM.
A copy of the voting results shown above are also available on
the Company's website at
www.investors.countrysideproperties.com.
Resolution 2 (Remuneration Report)
In relation to the Remuneration Report (Resolution 2), the
arrangements for the Executive Directors for 2019/20 have been set
to be consistent with Countryside's pay principles and reflect the
scale of the Group's operations.
Resolution 2 was passed with a majority of 77.97%, as detailed
in the table above. Whilst having consulted with major shareholders
prior to finalising the Report, the Board notes that a minority of
shareholders have voted against the resolution.
The Committee is committed to keeping all aspects of
remuneration under review and has already commenced further
engagement with shareholders to better understand their
concerns.
We thank those shareholders with whom we have already been in
contact for their engagement with us on this matter. We will
publish an update on this engagement, in accordance with the UK
Corporate Governance Code, within six months of the AGM today.
For further information please contact:
Countryside Properties PLC - +44 (0) 1277 260 000
Iain McPherson - Group Chief Executive
Mike Scott - Group Chief Financial Officer
Victoria Prior - Investor Relations & Strategy Director
Brunswick Group LLP - +44 (0) 20 7404 5959
Nina Coad
Oli Sherwood
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END
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January 23, 2020 12:10 ET (17:10 GMT)
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