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Result of Annual General Meeting & General Meeting

29th May 2025 07:00

RNS Number : 4790K
LSL Property Services PLC
29 May 2025
 

29 May 2025

 

LSL Property Services plc (the Company)

Result of Annual General Meeting and General Meeting

 

The Company announces that all resolutions proposed at the Annual General Meeting (AGM) and a General Meeting held on 28 May 2025 were duly passed.

 

The results of the AGM are set out below.

 

Resolution

*indicates Special Resolution

Votes For

(No. of shares)

For

(%)

Votes Against (No. of shares)

Against

(%)

Votes Withheld1 (No. of shares)

1. To receive the Company's audited Annual Report and Accounts for the year ended 31 December 2024, together with the Reports of the Directors and auditor

91,731,829

100.00%

0

0.00%

868

2. To approve the Directors' Remuneration Report (other than the part containing the Directors' Remuneration Policy) of the Company's audited Annual Report and Accounts for the year ended 31 December 2024

91,612,597

99.87%

119,728

0.13%

372

3. To declare a final dividend of 7.4 pence per ordinary share for the year ended 31 December 2024

91,732,697

100.00%

0

0.00%

0

4. To re-elect Gaby Appleton as a Director

77,429,182

86.46%

12,121,237

13.54%

2,182,278

5. To re-elect Adam Castleton as a Director

91,728,410

99.99%

966

0.01%

3,321

6. To re-elect Adrian Collins as a Director

81,977,917

92.05%

7,084,644

7.95%

2,670,136

7. To re-elect Darrell Evans as a Director

86,327,453

96.40%

3,222,966

3.60%

2,182,278

8. To re-elect Sonya Ghobrial as a Director

87,922,318

98.18%

1,628,101

1.82%

2,182,278

9. To re-elect James Mack as a Director

86,328,419

96.40%

3,222,000

3.60%

2,182,278

10. To elect Michael Stoop as a Director

91,728,879

99.99%

200

0.01%

3,618

11. To appoint Grant Thornton UK LLP as auditor of the Company

91,729,176

99.99%

200

0.01%

3,321

12. To authorise the Audit & Risk Committee acting on behalf of the Directors to determine the remuneration of the auditor

91,728,804

99.99%

200

0.01%

3,693

13. To approve the rules of the LSL Property Services plc Long Term Incentive Plan (LTIP)

87,807,174

98.15%

1,652,285

1.85%

2,273,238

14. To approve rules of the LSL Property Services plc Deferred Share Bonus Plan (DSBP)

89,985,834

98.20%

1,648,964

1.80%

97,899

15. To approve the rules of the LSL Property Services plc Sharesave Plan (SAYE)

89,987,281

98.20%

1,648,385

1.80%

97,031

16. To authorise the Directors to adopt further schemes based on the LTIP, DSBP and the SAYE

91,627,051

99.99%

11,936

0.01%

93,710

17. To authorise the Directors to allot shares

89,042,244

99.43%

511,496

0.57%

2,178,957

18. To authorise the disapplication of pre-emption rights*

78,466,816

85.54%

13,261,023

14.46%

4,858

19. To authorise further disapplication of pre-emption rights*

78,466,816

85.54%

13,261,023

14.46%

4,858

20. To authorise the Company to purchase its own ordinary shares*

91,726,074

99.99%

1,200

0.01%

5,423

21. To authorise the making of political donations

79,794,833

86.99%

11,936,630

13.01%

1,234

22. To authorise the Company to hold general meetings on not less than 14 clear days' notice*

80,796,259

88.08%

10,933,117

11.92%

3,321

 

Following shareholder approval of Resolution 20, the Company confirms the continuation of its share buyback programme announced on 25 April 2024. The share buyback programme will continue until such time as the repurchase of ordinary shares reaches the programme's maximum consideration of £7m.

 

Copies of the special resolutions passed at the AGM will shortly be available via the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

 

The results of the General Meeting are set out below.

 

Resolution

Votes For

(No. of shares)

For

(%)

Votes Against (No. of shares)

Against

(%)

Votes Withheld1 (No. of shares)

1. To approve the amendments to the Directors' Remuneration Policy

57,244,076

64.13%

32,023,435

35.87%

2,178,660

2. To approve and adopt the LSL Property Services plc 2025 Long Term Incentive Plan ('LTIP')

57,395,717

64.30%

31,871,794

35.70%

2,178,660

 

The Board has noted that around 35% of votes were voted against the two resolutions proposed to the General Meeting. The views of all of our shareholders are important to us and we will enter into a period of further consultation to understand specific concerns. In accordance with the UK Corporate Governance Code, we will publish an update in due course. 

 

NOTES:

1. A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "for" and "against" a resolution.

 

 

For further information, please contact:

 

Burson Buchanan:

Helen Tarbet: +44 (0) 7872 604453

Toto Berger: +44 (0) 7880 680 403

[email protected]

 

Debbie Fish, Group Company Secretary

[email protected]

 

LEI: 213800T4VM5VR3C7S706

 

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