25th Jun 2014 17:34
The Royal Bank of Scotland Group plc - Result of Annual General Meeting
25 June 2014
Following the Annual General Meeting held today, The Royal Bank of Scotland Group plc announces the results of the poll vote for each resolution as follows. Resolutions 16 and 17 were passed as special resolutions.
For | % of votes cast | Against | % of votes cast | Total votes cast as % of Voting Share Capital | Withheld * | |
Resolution 1 To receive and approve the accounts for the year ended 31 December 2013 and the reports of the directors and auditors thereon | 21,103,132,200 | 100.00 | 833,184 | 0.00 | 83.74 | 29,427,360 |
Resolution 2 To elect Morten Friis as a director | 21,090,839,012 | 99.94 | 12,875,344 | 0.06 | 83.74 | 29,656,976 |
Resolution 3 To elect Robert Gillespie as a director | 21,091,278,860 | 99.94 | 12,960,872 | 0.06 | 83.74 | 29,548,660 |
Resolution 4 To elect Ross McEwan as a director | 21,092,075,224 | 99.94 | 12,296,936 | 0.06 | 83.74 | 29,465,580 |
Resolution 5 To elect Ewen Stevenson as a director | 21,091,766,972 | 99.94 | 12,314,588 | 0.06 | 83.74 | 29,751,220 |
Resolution 6 To re-elect Sandy Crombie as a director | 21,077,884,224 | 99.87 | 26,446,772 | 0.13 | 83.74 | 29,544,580 |
Resolution 7 To re-elect Alison Davis as a director | 21,016,023,336 | 99.82 | 37,663,772 | 0.18 | 83.54 | 80,178,152 |
Resolution 8 To re-elect Philip Hampton as a director | 21,066,741,544 | 99.82 | 37,743,252 | 0.18 | 83.74 | 29,473,040 |
Resolution 9 To re-elect Penny Hughes as a director | 21,079,279,472 | 99.88 | 25,077,896 | 0.12 | 83.74 | 29,542,364 |
Resolution 10 To re-elect Brendan Nelson as a director | 21,078,570,716 | 99.88 | 25,436,432 | 0.12 | 83.74 | 29,531,580 |
Resolution 11 To re-elect Baroness Noakes as a director | 21,077,939,264 | 99.87 | 26,525,880 | 0.13 | 83.74 | 29,442,972 |
Resolution 12 To re-elect Philip Scott as a director | 21,079,012,696 | 99.88 | 25,394,312 | 0.12 | 83.74 | 29,527,224 |
Resolution 13 To re-appoint Deloitte LLP as auditors | 21,071,876,548 | 99.97 | 5,459,244 | 0.03 | 83.63 | 56,657,928 |
Resolution 14 To authorise the Group Audit Committee to fix the remuneration of the auditors | 21,071,797,284 | 99.97 | 5,534,332 | 0.03 | 83.63 | 56,614,212 |
Resolution 15 To renew the directors' authority to allot securities | 20,948,654,628 | 99.26 | 155,838,332 | 0.74 | 83.74 | 29,468,376 |
Resolution 16 To renew the directors' authority to allot equity securities on a non pre-emptive basis | 20,939,417,228 | 99.22 | 164,504,264 | 0.78 | 83.74 | 30,079,732 |
Resolution 17 To permit the holding of General Meetings at 14 days' notice | 20,772,484,044 | 98.43 |
332,329,060 |
1.57 |
83.74 |
29,126,672 |
Resolution 18 To authorise political donations and expenditure by the Group in terms of Section 366 of the Companies Act 2006 |
20,986,543,564 |
99.45 |
116,912,732 |
0.55 |
83.74 |
30,371,072 |
Resolution 19 To approve the Director's Remuneration Policy in the Directors' Remuneration Report |
20,893,215,888 |
99.66 |
70,382,756 |
0.34 |
83.18 |
170,307,216 |
Resolution 20 To approve the Annual Report on Remuneration in the Directors' Remuneration Report |
21,034,273,904 |
99.81 |
40,636,912 |
0.19 |
83.62 |
58,993,972 |
Resolution 21 To approve the RBS 2014 Employee Share Plan |
20,876,270,352 |
99.02 |
206,830,068 |
0.98 |
83.66 |
50,790,508 |
* A vote Withheld is not a vote in law and is not counted in the calculation of the proportion of votes "For" and "Against" a resolution.
The approval votes on the election or re-election of Independent Directors, included in the Notice of Meeting, were not put to the meeting as the relevant sections of the UK Listing Authority's listing rules were not in force at the date of the meeting.
In accordance with the UK Listing Authority's listing rules, copies of resolutions that do not constitute ordinary business at an annual general meeting will shortly be available for inspection at the National Storage Mechanism which is located at: www.Hemscott.com/nsm.do
As at 23 June 2014 (being the latest date by which shareholders who wanted to attend, speak and vote at the General Meeting must have been entered on the company's Register of Members) the issued share capital of the company conferring the right to vote at the General Meeting consisted of 6,299,628,388 ordinary shares carrying four votes each on a poll, 400,000 5.5 per cent. cumulative preference shares carrying four votes each on a poll and 500,000 11 per cent. cumulative preference shares carrying four votes each on a poll. Therefore, the total number of voting rights in the company as at 23 June 2014 was 25,202,113,552.
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