Last checked at 18 May 2023 15:15
Vistry Group PLC - Result of AGM
At the Vistry Group PLC ('Company') 2022 Annual General Meeting ('AGM') held on Thursday 18 May 2023, all resolutions put to the AGM were voted on by poll and were passed by shareholders. The results will be available shortly on the Company's website www.vistrygroup.co.uk.
In accordance with Listing Rule 9.6.2, copies of the resolutions that do not constitute ordinary business at an AGM are being submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
For information, the results of the poll voting are given below:
RESOLUTION | VOTESFOR | % | VOTESAGAINST | % | VOTESTOTAL | % of ISC VOTED | VOTESWITHHELD |
1. To receive the audited accounts of the Company for the year ended 31 December 2022, together with the Strategic report, Directors' report and the Independent Auditors report on those accounts.
| 270,271,966 | 99.98% | 60,199 | 0.02% | 270,332,165 | 78.19% | 476,362 |
2. To approve the Directors' Remuneration Report. | 139,086,457 | 52.92% | 123,759,117 | 47.08% | 262,845,574 | 76.03% | 7,962,953 |
3. To declare the final dividend of 32 pence per ordinary share recommended by the directors. | 269,129,702 | 99.39% | 1,657,196 | 0.61% | 270,786,898 | 78.32% | 21,629 |
4. To re-elect Ralph Graham Findlay as a director of the Company. | 251,154,169 | 92.97% | 18,978,502 | 7.03% | 270,132,671 | 78.14% | 675,856 |
5. To re-elect Margaret Christine Browne as a director of the Company. | 248,305,600 | 91.70% | 22,470,611 | 8.30% | 270,776,211 | 78.32% | 32,316 |
6. To re-elect Dr Ashley Caroline Steel as a director of the Company. | RESOLUTION WITHDRAWN | ||||||
7. To re-elect Gregory Paul Fitzgerald as director of the Company. | 262,061,530 | 96.78% | 8,716,030 | 3.22% | 270,777,560 | 78.32% | 30,967 |
8. To re-elect Earl Sibley as a director of the Company. | 258,123,520 | 95.33% | 12,644,402 | 4.67% | 270,767,922 | 78.32% | 31,305 |
9. To elect Timothy Charles Lawlor as a director of the Company. | 259,771,071 | 95.94% | 11,002,205 | 4.06% | 270,773,276 | 78.32% | 35,251 |
10. To elect Rowan Clare Baker as a director of the Company. | 262,909,507 | 97.10% | 7,864,147 | 2.90% | 270,773,654 | 78.32% | 34,406 |
11. To elect Jeffrey W Ubben as a director of the Company. | 229,769,440 | 85.00% | 40,546,505 | 15.00% | 270,315,945 | 78.19% | 492,582 |
12. To re-appoint PricewaterhouseCoopers LLP as auditors of the Company. | 267,720,451 | 98.87% | 3,057,485 | 1.13% | 270,777,936 | 78.32% | 30,591 |
13. To authorise the directors to determine the remuneration of the auditors. | 268,522,717 | 99.17% | 2,249,453 | 0.83% | 270,772,170 | 78.32% | 36,357 |
14. To authorise the Company to make Political Donations. | 263,520,541 | 97.32% | 7,246,858 | 2.68% | 270,767,399 | 78.32% | 41,140 |
15. Authority to allot shares. | 263,882,254 | 97.45% | 6,900,129 | 2.55% | 270,782,383 | 78.32% | 26,144 |
16. Authority to dis-apply pre-emption rights. | 252,485,254 | 93.25% | 18,285,324 | 6.75% | 270,770,578 | 78.32% | 37,949 |
17. Additional authority to disapply pre-emption rights. | 250,555,185 | 92.53% | 20,215,300 | 7.47% | 270,770,485 | 78.32% | 38,042 |
18. That a general meeting other than an Annual General Meeting may be called on not less than 14 clear days' notice. | 266,612,187 | 98.46% | 4,165,129 | 1.54% | 270,777,316 | 78.32% | 31,211 |
19. Authority to purchase own shares. | 269,325,240 | 99.61% | 1,049,289 | 0.39% | 270,374,529 | 78.21% | 433,998 |
The issued share capital at the date of the AGM was 347,224,652 ordinary shares of 50p each with 1,500,000 shares held in Treasury. Therefore, the total voting rights of the Company is 345,724,652.
A 'vote withheld' is not a vote in law and has not been counted in the calculation of votes for and against.
Board response to Resolution 2 - approval of the Directors' Remuneration Report
While the Board notes that all other resolutions were passed with strong majorities, we acknowledge that the advisory vote on the Directors' Remuneration Report was passed with 52.92%. As such, we remain committed to shareholder engagement and will consult with our shareholders over the course of the next few months so that we can fully understand their concerns and decide on appropriate next steps. In line with the UK Corporate Governance Code, we will publish an update on our shareholder engagement, as well as any actions taken, within six months of the 2023 AGM.