25th Jan 2017 17:39
25 January 2017
McCarthy & Stone plc (the Company)
Results of Annual General Meeting Poll
Repurchase and Cancellation of Fractional Share
The directors are pleased to announce that at the Company's AGM held earlier today, all resolutions put to the meeting were passed by way of a poll. The results of the poll, which will also be available shortly on the Company's website, www.mccarthyandstonegroup.co.uk, are:
Resolution | Votes For:
Number (% of votes cast) | Votes Against:
Number (% of votes cast) | Votes Withheld
| Total Votes |
1 Receive the Report and Accounts | 345,328,416 (99.95%) | 164,534 (0.05%) | 3,179,631 | 348,672,581 |
2 Approve Directors' Remuneration Report | 345,465,429 (99.53%) | 1,642,446 (0.47%) | 1,564,283 | 348,672,158 |
3 Approve Remuneration Policy | 320,184,871 (92.83%) | 24,713,722 (7.17%) | 3,773,564 | 348,672,157 |
4 Approve final dividend of 3.5p per share | 348,672,581 (100.00%) | 0 (0.00%) | 0 | 348,672,581 |
5 Re-elect John White | 348,013,184 (99.95%) | 188,431 (0.05%) | 470,543 | 348,672,158 |
6 Re-elect Clive Fenton | 341,090,979 (98.06%) | 6,752,854 (1.94%) | 3,325 | 347,847,158 |
7 Re-elect John Tonkiss | 348,663,164 (>99.99%) | 6,062 ( | 2,932
| 348,672,158 |
8 Re-elect Geeta Nanda | 348,646,856 (>99.99%) | 11,419 ( | 13,883
| 348,672,158 |
9 Re-elect Frank Nelson | 348,639,345 (>99.99%) | 15,537 ( | 17,276
| 348,672,158
|
10 Re-elect Mike Parsons | 348,635,291 (99.99%) | 30,772 (0.01%) | 4,825
| 348,670,888 |
11 Re-appoint Deloitte LLP as auditor | 345,186,022 (99.89%) | 374,153 (0.11%) | 3,111,983
| 348,672,158 |
12 Authorise Risk & Audit Committee to determine the auditor's remuneration | 348,355,943 (99.91%) | 307,934 (0.09%) | 8,281 | 348,672,158 |
13 Authorise the Company to make political donations and incur political expenditure | 348,196,975 (99.95%) | 158,623 (0.05%) | 316,880 | 348,672,478 |
14 Authorise the Company to allot shares
| 329,164,507 (94.41%) | 19,497,326 (5.59%) | 10,325 | 348,672,158 |
15* Authorise the Company to disapply pre-emption rights (general authority) | 348,553,760 (99.97%) | 111,869 (0.03%) | 6,529 | 348,672,158 |
16* Authorise the Company to disapply pre-emption rights (additional authority) | 326,262,309 (93.57%) | 22,404,024 (6.43%) | 5,825 | 348,672,158 |
17* Authorise the Company to make market purchase of its own shares | 345,377,529 (99.07%) | 3,243,489 (0.93%) | 50,997 | 348,672,015 |
18* Authorise a general meeting other than an AGM to be held on 14 days' notice | 347,097,674 (99.55%) | 1,573,051 (0.45%) | 1,432 | 348,672,157 |
19* Authorise the Company to make an off-market purchase of a fractional share | 348,527,789 (>99.99%) | 3,963 ( | 16,642 | 348,548,394 |
* Resolutions 15 - 19 are special resolutions requiring 75% majority.
Copies of resolutions relating to special business, being 13 to 19 have today been submitted to the National Storage Mechanism in accordance with Listing Rule 9.6.2 and will shortly be available to view at http://www.morningstar.co.uk/uk/NSM
Following the share capital consolidation which took place prior to admission of the Company's ordinary shares to the Official List of the London Stock Exchange in November 2015, a small number of shareholders held fractional shares. These fractional shares were aggregated into whole ordinary shares where possible and sold in the market for the benefit of the Company, but one fractional (0.25) share (the "Fractional Share") remained outstanding. A special resolution (Resolution 19) was put to shareholders at today's Annual General Meeting seeking authority for the Company to buy back the Fractional Share from its registered owner, Mrs Paula Jordan.
Following approval by shareholders, the Fractional Share has today (25 January 2017) been repurchased at a price of £0.41 and has been cancelled.
Following the above transaction, the issued share capital is now 537,314,069 ordinary shares. Each share has one vote. Therefore the number of voting rights in the Company is 537,314,069, which may be used by shareholders for calculation whether they are required to notify their interest in the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
For further information please contact:
Patrick Hole
Group General Counsel and Company Secretary
Telephone: 01202 508040
- Ends -
Related Shares:
MCS.L