7 May 2020
Barclays PLC
Results of Annual General Meeting
The Barclays PLC Annual General Meeting was held earlier today. A poll was held on each of the resolutions proposed and the results of the poll are set out below. All resolutions, with the exception of Resolution 30, were passed.
| RESOLUTIONS |
Number of votes cast "For" the Resolution |
% of votes cast "For" the Resolution |
Number of votes cast "Against" the Resolution |
% of votes cast "Against" the Resolution |
Number of votes Withheld* |
Total votes cast as % of Issued Share Register |
|
| 1 |
To receive the Reports of the Directors and Auditors and the audited accounts of the Company for the year ended 31 December 2019 |
11,863,460,135 |
99.91 |
10,493,599 |
0.09 |
71,829,768 |
68.49% |
| 2 |
To approve the Directors' Remuneration Report (other than the part containing the Directors' Remuneration Policy) for the year ended 31 December 2019 |
11,354,434,198 |
95.78 |
500,456,293 |
4.22 |
90,893,005 |
68.38% |
| 3 |
To approve the Directors' Remuneration Policy contained in the Directors' Remuneration Report for the year ended 31 December 2019 |
11,308,670,932 |
96.29 |
436,091,600 |
3.71 |
201,020,969 |
67.74% |
| 4 |
To appoint Dawn Fitzpatrick as a Director of the Company. |
11,568,237,792 |
99.90 |
12,107,556 |
0.10 |
365,438,150 |
66.79% |
| 5 |
To appoint Mohamed A. El-Erian as a Director of the Company. |
11,476,632,129 |
99.10 |
104,216,996 |
0.90 |
364,934,377 |
66.80% |
| 6 |
To appoint Brian Gilvary as a Director of the Company. |
10,878,831,883 |
95.53 |
509,576,965 |
4.47 |
557,374,649 |
65.69% |
| 7 |
To reappoint Mike Ashley as a Director of the Company |
11,357,748,398 |
98.08 |
221,904,519 |
1.92 |
366,130,580 |
66.79% |
| 8 |
To reappoint Tim Breedon as a Director of the Company. |
11,921,126,661 |
99.83 |
20,257,307 |
0.17 |
4,399,534 |
68.88% |
| 9 |
To reappoint Sir Ian Cheshire as a Director of the Company. |
11,553,700,800 |
99.77 |
26,166,936 |
0.23 |
365,915,762 |
66.79% |
| 10 |
To reappoint Mary Anne Citrino as a Director of the Company. |
11,394,353,084 |
95.42 |
547,238,623 |
4.58 |
4,191,791 |
68.88% |
| 11 |
To reappoint Mary Francis as a Director of the Company. |
11,564,060,197 |
96.85 |
376,267,027 |
3.15 |
5,456,274 |
68.87% |
| 12 |
To reappoint Crawford Gillies as a Director of the Company. |
11,547,664,920 |
96.70 |
393,609,268 |
3.30 |
4,509,314 |
68.87% |
| 13 |
To reappoint Nigel Higgins as a Director of the Company. |
11,537,940,743 |
96.68 |
395,706,666 |
3.32 |
12,136,089 |
68.83% |
| 14 |
To reappoint Tushar Morzaria as a Director of the Company. |
11,554,571,320 |
99.77 |
26,403,784 |
0.23 |
364,808,394 |
66.80% |
| 15 |
To reappoint Diane Schueneman as a Director of the Company. |
11,928,873,205 |
99.89 |
12,638,236 |
0.11 |
4,262,991 |
68.88% |
| 16 |
To reappoint James Staley as a Director of the Company. |
11,394,074,252 |
99.59 |
46,965,126 |
0.41 |
504,744,120 |
65.99% |
| 17 |
To reappoint KPMG LLP as auditors of the Company. |
11,926,033,210 |
99.87 |
15,477,671 |
0.13 |
4,272,617 |
68.88% |
| 18 |
To authorise the Board Audit Committee to set the remuneration of the Auditors. |
11,928,701,845 |
99.89 |
13,468,294 |
0.11 |
3,613,359 |
68.88% |
| 19 |
To authorise the Company and its subsidiaries to make political donations and incur political expenditure. |
11,563,900,576 |
96.85 |
376,346,632 |
3.15 |
5,536,289 |
68.87% |
| 20 |
To authorise the Directors to allot shares and securities. |
10,818,572,297 |
90.60 |
1,122,785,063 |
9.40 |
4,426,138 |
68.88% |
| 21 |
To authorise the Directors to allot equity securities for cash and/or to sell treasury shares other than on a pro rata basis to shareholders of no more than 5% of issued share capital. |
11,911,053,147 |
99.76 |
28,241,619 |
0.24 |
6,488,736 |
68.86% |
| 22 |
To authorise the Directors to allot equity securities for cash and/or to sell treasury shares other than on a pro rata basis to shareholders of no more than an additional 5% of issued share capital in connection with an acquisition or specified capital investment. |
11,655,381,765 |
97.62 |
283,752,267 |
2.38 |
6,649,465 |
68.86% |
| 23 |
To authorise the Directors to allot equity securities in relation to the issuance of contingent Equity Conversion Notes. |
11,712,756,778 |
98.11 |
226,227,943 |
1.89 |
6,798,776 |
68.86% |
| 24 |
To authorise the Directors to allot equity securities for cash other than on a pro rata basis to shareholders in relation to the issuance of contingent Equity Conversion Notes. |
11,649,846,593 |
97.58 |
289,231,389 |
2.42 |
6,705,519 |
68.86% |
| 25 |
To authorise the Company to purchase its own shares. |
11,700,748,740 |
98.16 |
219,307,066 |
1.84 |
25,727,691 |
68.75% |
| 26 |
To authorise the Directors to call general meetings (other than an AGM) on not less than 14 clear days' notice. |
11,425,886,373 |
95.69 |
515,004,858 |
4.31 |
4,892,271 |
68.87% |
| 27 |
To authorise the renewal of the Barclays Group SAYE Share Option Scheme. |
11,881,153,672 |
99.51 |
58,092,920 |
0.49 |
6,536,910 |
68.86% |
| 28 |
To authorise the proposed changes to the Barclays Group Share Value Plan. |
11,913,252,710 |
99.80 |
24,347,855 |
0.20 |
8,182,962 |
68.85% |
| 29 |
Barclays' commitment to tackling climate change. |
11,927,555,003 |
99.93 |
8,453,176 |
0.07 |
9,852,694 |
68.84% |
| 30 |
ShareAction's climate change resolution. |
2,487,583,654 |
23.95 |
7,898,043,226 |
76.05 |
1,560,233,992 |
59.90% |
* 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.
As at 6.30pm on Tuesday 5 May 2020, the time by which shareholders who wanted to vote at the AGM must have been entered on the Company's register of members, there were 17,337,624,306 ordinary shares in issue. Shareholders are entitled to one vote per share. As a result of the coronavirus (COVID-19) situation, and in accordance with the UK Government's guidance on social distancing and prohibition on non-essential travel and public gatherings, attendance at the Meeting was restricted.
In accordance with Listing Rule 9.6.2, copies of the resolutions that do not constitute ordinary business at an annual general meeting will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Resolution 30
Resolution 30 was requisitioned by a group of shareholders coordinated by ShareAction. The Board notes that while resolution 30 was not passed, 23.95% of the votes cast either "for" or "against" resolution 30 were cast "for" this resolution. This amounts to 14.35 % of the total issued share capital. The Board did not support this resolution and urged shareholders instead to support the resolution on climate change that it had proposed to shareholders, resolution 29.
We have engaged extensively over recent months with many shareholders and other stakeholders in relation to Barclays' commitment to tackling climate change. This commitment is expressed in resolution 29, which was passed very comfortably. During this engagement we explored with shareholders their voting intentions in relation to resolutions 29 and 30, and those with whom we engaged and who said that they intended to vote "for" resolution 30 explained to us the reasons they intended to do so. Those shareholders account for a very large proportion of the votes cast "for" that resolution.
We will reflect on this feedback from our shareholders and ensure that we understand fully the reasons why those shareholders who did so supported this resolution, and will provide an update in due course, in accordance with the UK Corporate Governance Code.
We are also committed to engaging further with shareholders and other stakeholders over the coming months as we continue to develop our climate strategy and both the metrics for measuring our progress and the targets against which we will report.
- ENDS -
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| Investor Relations |
Media Relations |
About Barclays
Barclays is a British universal bank. We are diversified by business, by different types of customer and client, and geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.
For further information about Barclays, please visit our website home.barclays