16th May 2007 16:49
Next PLC16 May 2007 Contacts: Andrew McKinlay, Company SecretarySeonna Anderson, Deputy Company SecretaryNEXT PLCTel: 08454 567777 Alistair Mackinnon-MussonNicola SavageHudson SandlerTel: 020 7796 4133Email: [email protected] NEXT PLC Results of 2007 Annual General Meeting ("AGM") The BOARD of NEXT plc is pleased to announce that, at the AGM of NEXTshareholders held on 16 May 2007, all resolutions as set out in the Notice ofMeeting contained in the Annual Report and Accounts for the year ended 27January 2007 were passed. Ordinary business resolutions were carried on a showof hands and special business resolutions were decided by poll votes. The total number of shares in issue at the date of the AGM is 227,003,930. For ordinary business resolutions decided on a show of hands, the followingproxy votes were received prior to the meeting: +------------+----------+---------------------+------------------+-------------+-----------+| | | For | Against |TOTAL PROXY |Proxy Votes|| | | | |VOTES CAST |withheld* |+------------+----------+-------------+-------+-----------+------+-------------+-----------+|Resolution |Special / |No. of | % |No. of | % |No. of |No. of || |Ordinary |Votes | |Votes | |Votes |Votes |+------------+----------+-------------+-------+-----------+------+-------------+-----------+|1. To adopt | | | | | | | ||the accounts| | | | | | | ||and reports | | | | | | | ||of | | | | | | | ||the |Ordinary |141,727,674 |98.67 |1,915,436 |1.33 |143,643,110 | 587,403 ||directors | | | | | | | ||and auditors| | | | | | | |+------------+----------+-------------+-------+-----------+------+-------------+-----------+|2. To | | | | | | | ||approve | | | | | | | ||the | | | | | | | ||remuneration|Ordinary |135,594,563 |96.42 |5,033,521 |3.58 |140,628,084 |3,602,429 ||report | | | | | | | |+------------+----------+-------------+-------+-----------+------+-------------+-----------+|3. To | | | | | | | ||declare | | | | | | | ||a final | | | | | | | ||ordinary | | | | | | | ||dividend of | | | | | | | ||33.5p per |Ordinary |144,029,441 |99.86 | 197,737 |0.14 |144,227,178 | 3,335 ||share | | | | | | | |+------------+----------+-------------+-------+-----------+------+-------------+-----------+|4. To | | | | | | | ||re-elect | | | | | | | ||David Keens |Ordinary |143,652,021 |99.60 | 570,783 |0.40 |144,222,804 | 7,709 ||as | | | | | | | ||a director | | | | | | | |+------------+----------+-------------+-------+-----------+------+-------------+-----------+|5. To | | | | | | | ||re-elect | | | | | | | ||Nick Brookes|Ordinary |143,726,001 |99.66 | 493,015 |0.34 |144,219,016 | 11,497 ||as a | | | | | | | ||director | | | | | | | |+------------+----------+-------------+-------+-----------+------+-------------+-----------+|6. To | | | | | | | ||re-elect | | | | | | | ||Derek | | | | | | | ||Netherton as|Ordinary |140,369,514 |98.77 |1,754,010 |1.23 |142,123,524 |2,106,989 ||a | | | | | | | ||director | | | | | | | |+------------+----------+-------------+-------+-----------+------+-------------+-----------+|7. To | | | | | | | ||re-appoint | | | | | | | ||Ernst & | | | | | | | ||Young | | | | | | | ||LLP as | | | | | | | ||auditors and| | | | | | | ||authorise | | | | | | | ||the | | | | | | | ||directors to|Ordinary |143,280,365 |99.35 | 943,136 |0.65 |144,223,501 | 7,012 ||set their | | | | | | | ||remuneration| | | | | | | |+------------+----------+-------------+-------+-----------+------+-------------+-----------+ For special business resolutions decided by poll votes the results are detailedbelow: +--------------+----------+-----------------------+-------------------+---------------+-----------+| | | For | Against |TOTAL VOTES |Votes || | | | |CAST |withheld |+--------------+----------+---------------+-------+------------+------+---------------+-----------+|Resolution |Special / |No. of Votes | % |No. of | % |No. of Votes |No. of || |Ordinary | | |Votes | | |Votes |+--------------+----------+---------------+-------+------------+------+---------------+-----------+|8. To approve | | | | | | | ||the Next | | | | | | | ||Risk/Reward | | | | | | | ||Investment | | | | | | | ||Plan |Ordinary | 135,366,866 |95.54 | 6,314,030 |4.46 | 141,680,896 |2,561,861 |+--------------+----------+---------------+-------+------------+------+---------------+-----------+|9. Authority | | | | | | | ||to allot | | | | | | | ||shares |Ordinary | 142,117,510 |98.54 | 2,099,626 |1.46 | 144,217,136 | 25,621 |+--------------+----------+---------------+-------+------------+------+---------------+-----------+|10. Authority | | | | | | | ||to disapply | | | | | | | ||pre-emption | | | | | | | ||rights |Special | 143,038,021 |99.19 | 1,169,686 |0.81 | 144,207,707 | 35,050 |+--------------+----------+---------------+-------+------------+------+---------------+-----------+|11. Authority | | | | | | | ||for on-market | | | | | | | ||purchase of | | | | | | | ||own shares |Special | 140,122,782 |98.28 | 2,447,432 |1.72 | 142,570,214 |1,672,543 |+--------------+----------+---------------+-------+------------+------+---------------+-----------+|12**. | | | | | | | ||Authority to |Special | 129,877,393 |90.80 | 13,163,096 |9.20 | 143,040,489 |1,202,268 ||enter into | | | | | | | ||Programme | | | | | | | ||Agreements | | | | | | | ||with each of | | | | | | | ||Goldman Sachs | | | | | | | ||International,| | | | | | | ||UBS AG, | | | | | | | ||Deutsche Bank | | | | | | | ||AG and | | | | | | | ||Barclays Bank | | | | | | | ||plc | | | | | | | || | | | | | | | ||Less votes | |(10,000,000)** | | - | |(10,000,000)** | - ||disregarded | | | | | | | ||under the | | | | | | | ||provisions of | | | | | | | ||Section 164(5)| | | | | | | ||of the | | | | | | | ||Companies Act | | | | | | | ||1985 | | | | | | | || | | | | | | | ||Resolution 12 | | 119,877,393 |90.11 | 13,163,096 |9.89 | 133,040,489 |1,202,268 ||total | | | | | | | | +--------------+----------+---------------+-------+------------+------+---------------+-----------+|13. Deletion | | | | | | | ||of Article 101| | | | | | | ||which requires| | | | | | | ||directors to | | | | | | | ||retire when | | | | | | | ||they reach 70 |Special | 142,151,196 |99.00 | 1,441,197 |1.00 | 143,592,393 | 650,364 |+--------------+----------+---------------+-------+------------+------+---------------+-----------+|14. Changes to| | | | | | | ||the Articles | | | | | | | ||to facilitate | | | | | | | ||communications| | | | | | | ||with | | | | | | | ||shareholders | | | | | | | ||using | | | | | | | ||electronic | | | | | | | ||means |Special | 142,296,710 |99.12 | 1,265,869 |0.88 | 143,562,579 | 680,178 |+--------------+----------+---------------+-------+------------+------+---------------+-----------+|15. Authority | | | | | | | ||to communicate| | | | | | | ||with | | | | | | | ||shareholders | | | | | | | ||using | | | | | | | ||electronic | | | | | | | ||means |Ordinary | 142,573,992 |98.94 | 1,529,103 |1.06 | 144,103,095 | 139,662 |+--------------+----------+---------------+-------+------------+------+---------------+-----------+ Note*: The 'Vote Withheld' option is provided to enable the shareholder toabstain on any resolution. It is not a vote in law and is not counted in thecalculation of the proportion of votes for and against a resolution.Note**: The total maximum number of Ordinary Shares which may be purchased byNext for cancellation pursuant to such contingent purchase contracts is 10million. As explained in the Notice of Meeting, Next has disregarded 10 millionvotes from both the total number of votes cast in favour of the resolution andthe total votes cast so that the voting of those shares did not affect theresult of the poll. Two copies of the resolutions passed as special business at the AGM have beensubmitted to the UK Listing Authority and will shortly be available forinspection at the UK Listing Authority's Document Viewing Facility, which issituated at Financial Services Authority, 25 The North Colonnade, Canary Wharf,London, E14 5HS. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Next