8th May 2025 16:36
Aberdeen Group plc
Results of Annual General Meeting
Results of AGM
The Board of Aberdeen Group plc ('the Company') is pleased to announce that all the resolutions put to its Annual General Meeting ('AGM') held on Thursday 8 May 2025 were duly passed.
The results of the polls were as follows:
For | % For | Against
| Total Votes Validly Cast | Votes Withheld | |
Resolution 1: To receive and consider the annual report and accounts 2024 | 775,726,456 | 99.91 | 669,999 | 776,396,455 | 1,731,266 |
Resolution 2: To declare a final dividend for 2024 | 777,335,758 | 99.94 | 485,891 | 777,821,649 | 316,856 |
Resolution 3: To re-appoint KPMG LLP as auditors | 769,985,329 | 99.62 | 2,962,602 | 772,947,931 | 5,188,409 |
Resolution 4: To authorise the audit committee to set the auditors' fees | 775,156,835 | 99.75 | 1,979,928 | 777,136,763 | 1,001,594 |
Resolution 5: To approve the Directors' remuneration report | 575,830,387 | 96.56 | 20,500,408 | 596,330,795 | 181,802,869 |
Resolution 6A: To re-elect Sir Douglas Flint CBE as a Director | 745,691,403 | 96.52 | 26,921,095 | 772,612,498 | 5,526,663 |
Resolution 6B: To re-elect Jonathan Asquith as a Director | 751,014,863 | 96.74 | 25,330,038 | 776,344,901 | 1,792,260 |
Resolution 6C: To re-elect John Devine as a Director | 763,439,540 | 98.33 | 12,975,385 | 776,414,925 | 1,724,236 |
Resolution 6D: To re-elect Hannah Grove as a Director | 764,266,717 | 98.40 | 12,452,406 | 776,719,123 | 1,420,038 |
Resolution 6E: To re-elect Michael O'Brien as a Director | 773,832,679 | 99.64 | 2,822,813 | 776,655,492 | 1,483,669 |
Resolution 6F: To re-elect Cathleen Raffaeli as a Director | 773,434,500 | 99.59 | 3,176,400 | 776,610,900 | 1,528,261 |
Resolution 6G: To re-elect Jason Windsor as a Director | 773,798,666 | 99.63 | 2,910,924 | 776,709,590 | 1,429,571 |
Resolution 7A: To elect Vivek Ahuja as a Director | 773,271,248 | 99.61 | 3,034,009 | 776,305,257 | 1,831,549 |
Resolution 7B: To elect Katie Bickerstaffe as a Director | 773,830,821 | 99.66 | 2,626,190 | 776,457,011 | 1,682,150 |
Resolution 8: To provide limited authority to the Company and its subsidiaries to make political donations and to incur political expenditure | 588,644,584 | 98.05 | 11,705,815 | 600,350,399 | 177,788,509 |
Resolution 9: To authorise the Directors to issue further shares | 772,214,696 | 99.39 | 4,761,784 | 776,976,480 | 1,162,681 |
Resolution 10 (Special): To disapply share pre-emption rights | 771,798,614 | 99.47 | 4,092,120 | 775,890,734 | 2,248,174 |
Resolution 11 (Special): To give authority for the Company to buy back up to 5% of its issued ordinary shares | 598,387,059 | 77.00 | 178,718,614 | 777,105,673 | 1,033,488 |
Resolution 12: To authorise the Directors to allot shares in relation to the issuance of Convertible Bonds | 592,157,209 | 76.28 | 184,151,112 | 776,308,321 | 1,830,840 |
Resolution 13 (Special): To disapply pre-emption rights in respect of allotments of equity securities in relation to the issuance of Convertible Bonds | 591,695,904 | 76.25 | 184,307,886 | 776,003,790 | 2,135,118 |
Resolution 14 (Special): To allow the Company to call general meetings on 14 days' notice | 760,484,057 | 97.86 | 16,623,642 | 777,107,699 | 825,442 |
Resolutions 11, 12 and 13
The Board is pleased that Resolution 11, Resolution 12 and Resolution 13 were passed by a significant majority of the shareholders who voted, but notes the votes against these resolutions.
In the coming months, we will engage with the major voters against the resolutions to understand the reasons behind their voting. In accordance with the UK Corporate Governance Code, we will publish an update on that engagement within six months of the AGM.
Other Matters
As announced on 16 December 2024, Pam Kaur did not seek re-election and retired from the Board at the conclusion of the meeting.
The total number of shares in issue at 6pm on Wednesday 7 May 2025 was 1,840,743,245 ordinary shares of 1361/63 pence each.
Votes withheld are not a vote in law and have not been counted in the calculation of the votes for and against each resolution, the total votes validly cast or the calculation of the proportion of issued share capital voted.
Copies of all resolutions are available for inspection in the AGM Guide previously submitted to the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
In accordance with Listing Rule 6.4.2, copies of the resolutions that do not constitute ordinary business at an annual general meeting will also be submitted to the National Storage Mechanism and available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
The AGM Guide and the voting results are also available on the Aberdeen Group plc website at www.aberdeenplc.com
8 May 2025
Enquiries:
Group Secretariat Rose Edwards |
+44 (0) 7971 188 901
|
Media Duncan Young
|
+44 (0) 7920 868 865
|
Institutional Equity Investors Duncan Heath |
+44 (0) 207 156 2495
|
LEI: 0TMBS544NMO7GLCE7H90
Classification: 3.1. Additional regulated information required to be disclosed under the laws of the United Kingdom
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