9th May 2025 12:19
Result of 2025 AGM
Man Group plc (the "Company") held its Annual General Meeting ("AGM") at 10.00am on Friday 9 May 2025. All resolutions presented at the AGM were put to the meeting on a poll and were passed with the requisite majority. The full results are detailed below.
The Board notes that Resolution 20, which relates to the disapplication of pre-emption rights in connection with the issue of shares for the purpose of an acquisition or specified capital investment, received 76.02% of shareholders votes for and 23.98% against. As a special resolution requiring a 75% majority, it received sufficient support to pass, however, the vote against exceeds 20%.
The Board also notes that Resolution 20 is in line with the updated best practice guidance issued in the Pre-Emption Group's Statement of Principles and is consistent with its template resolution.
In accordance with provision 4 of the UK Corporate Governance Code (the "Code"), the Board confirms that it will consult and continue to engage with shareholders to understand and discuss their concerns with respect to this resolution. An update will be provided within six months of the AGM, in accordance with the Code, with a final summary to be included in the Company's 2025 Annual Report.
The issued ordinary share capital of the Company as at 7 May 2025, the voting record date, was 1,273,949,460 (including treasury shares). The Company held 96,050,568 shares in treasury, which do not carry any voting rights. Therefore, the total number of voting rights in the Company as at the voting record date was 1,177,898,892.
Resolution | FOR
| AGAINST | % of ISC voted | Number of votes withheld | |||
No. of shares | % | No. of shares | % | ||||
1 | Receive the Annual Report and financial statements | 880,542,722 | 99.97% | 227,393 | 0.03% | 74.77 | 38,282,835 |
2 | Approve the Directors' Remuneration Policy | 839,097,640 | 91.33% | 79,641,456 | 8.67% | 78.00 | 313,854 |
3 | Approve the Directors' Remuneration Report | 839,039,019 | 94.86% | 45,492,679 | 5.14% | 75.09 | 34,521,252 |
4 | Declare a final dividend
| 918,718,470 | 99.99% | 95,007 | 0.01% | 78.00 | 239,473 |
5 | Reappoint Lucinda Bell as a director | 916,634,304 | 99.77% | 2,124,394 | 0.23% | 78.00 | 294,252 |
6 | Reappoint Richard Berliand as director | 874,877,089 | 95.22% | 43,881,609 | 4.78% | 78.00 | 294,252 |
7 | Reappoint Laurie Fitch as a director | 834,501,255 | 90.83% | 84,245,141 | 9.17% | 78.00 | 306,554 |
8 | Reappoint Antoine Forterre as a director | 911,956,021 | 99.26% | 6,797,271 | 0.74% | 78.00 | 299,658 |
9 | Reappoint Robyn Grew as a director | 915,359,460 | 99.63% | 3,393,832 | 0.37% | 78.00 | 299,658 |
10 | Appoint Dixit Joshi as a director
| 916,856,937 | 99.79% | 1,885,835 | 0.21% | 78.00 | 310,178 |
11 | Reappoint Cecelia Kurzman as a director | 916,617,466 | 99.77% | 2,134,616 | 0.23% | 78.00 | 300,868 |
12 | Appoint Sarah Legg as a director | 915,387,553 | 99.63% | 3,363,581 | 0.37% | 78.00 | 301,816 |
13 | Reappoint Anne Wade as a director | 878,747,803 | 99.34% | 5,805,107 | 0.66% | 75.10 | 34,500,040 |
14
| Appoint Paco Ybarra as a director | 916,879,857 | 99.79% | 1,884,182 | 0.21% | 78.00 | 288,910 |
15 | Reappoint Deloitte LLP as auditor | 880,047,199 | 95.79% | 38,690,544 | 4.21% | 78.00 | 315,206 |
16 | Determine the remuneration of the auditor | 915,547,430 | 99.65% | 3,218,478 | 0.35% | 78.00 | 287,041 |
17 | Authorise political donations and expenditure | 807,454,931 | 99.47% | 4,328,973 | 0.53% | 68.92 | 107,269,045 |
18 | Authorise the directors to allot shares | 769,227,807 | 83.84% | 148,234,135 | 16.16% | 77.89 | 1,591,007 |
19 | Authorise the directors to allot shares for cash other than on a pro-rata basis to existing shareholders* | 794,262,918 | 86.45% | 124,446,794 | 13.55% | 78.00 | 343,237 |
20 | Authorise the directors to allot shares for cash other than on a pro-rata basis to existing shareholders in relation to acquisitions and specified capital investments* | 698,396,590 | 76.02% | 220,299,497 | 23.98% | 77.99 | 356,862 |
21 | Authorise the Company to purchase its own shares* | 810,748,887 | 88.33% | 107,123,457 | 11.67% | 77.92 | 1,180,605 |
22 | Authorise the directors to call general meetings on 14 clear days' notice* | 886,894,852 | 96.53% | 31,902,397 | 3.47% | 78.00 | 255,700 |
* Special Resolution requiring 75% majority
NOTES:
1. The 'For' vote includes those giving the Chair discretion.
2. Votes 'Withheld' are not counted in the calculation of the proportion of votes 'For' or 'Against' a resolution.
3. Resolutions 19 to 22 are special resolutions.
4. In accordance with Listing Rule 6.4.2, copies of the resolutions passed, other than resolutions constituting ordinary business, at the AGM have been submitted to the National Storage Mechanism ("NSM") and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
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