National Storage Mechanism | Additional information
RNS Number : 9277N
Imperial Brands PLC
03 February 2021
 

IMPERIAL BRANDS PLC

 

Legal Entity Identifier (LEI) No. 549300DFVPOB67JL3A42

 

RESULT OF ANNUAL GENERAL MEETING

 

The 2021 Annual General Meeting of Imperial Brands PLC broadcast on Wednesday 3 February 2021 at 2.30 pm.

 

All resolutions proposed at the Meeting were decided on a poll and all resolutions were passed.

 

The number of votes for and against each of the resolutions put before the Meeting and the number of votes withheld were as follows:

 

 

Resolution

 

 

Total Votes For

 

 

%

For

 

Total Votes

Against

 

 

Total Votes Cast

 

 

Votes

Withheld

 

1

 

Annual Report and Accounts

716,570,091

 

97.10

 

21,420,543

 

737,990,634

4,717,698

2

 

Directors' Remuneration Report

439,578,484

 

59.73

 

296,353,504

 

735,931,988

6,776,342

3

Directors' Remuneration Policy

706,375,474

 

95.28

 

34,958,557

 

741,334,031

1,374,300

4

International Sharesave Plan Rules

739,982,169

 

99.76

 

1,785,674

 

741,767,843

940,489

5

Long Term Incentive Plan Rules

733,748,530

 

98.98

 

7,541,836

 

741,290,366

1,417,964

6

Deferred Share Bonus Plan Rules

739,858,734

 

99.75

 

1,828,683

 

741,687,417

1,020,916

7

 

To declare a final dividend

741,319,328

 

99.91

 

669,745

 

741,989,073

719,260

8

 

Elect S A Bomhard

740,923,900

 

99.85

 

1,107,451

 

742,031,351

676,982

9

Re-elect S M Clark

673,283,020

 

90.74

 

68,691,384

 

741,974,404

733,928

10

 

Re-elect T M Esperdy

660,565,222

 

89.83

 

74,757,563

 

735,322,785

7,385,547

11

Elect A Johnson

 

737,763,066

 

99.47

 

3,936,726

 

741,699,792

1,008,541

12

Elect R Kunze-Concewitz

736,953,595

 

99.36

 

4,731,876

 

741,685,471

1,021,651

13

Re-elect S A C Langelier

675,990,518

 

91.11

 

65,987,212

 

741,977,730

729,393

14

Elect P-J J Sivignon

737,707,602

 

99.46

 

3,986,384

 

741,693,986

1,013,137

15

 

Re-elect S P Stanbrook

620,344,735

 

89.71

 

71,162,019

 

691,506,754

51,200,369

16

Re-elect J A Stanton

657,487,351

 

88.65

 

84,198,422

 

741,685,773

1,021,350

17

Re-elect O R Tant

738,538,004

 

99.53

 

3,459,994

 

741,997,998

709,125

18

 

Re-appointment of Auditors

741,667,622

 

99.96

 

276,840

 

741,944,462

762,661

19

 

Remuneration of Auditors

741,439,559

 

99.95

 

365,078

 

741,804,637

902,485

20

 

Political donations/

expenditure

732,168,923

 

98.80

 

8,924,598

 

741,093,521

1,613,603

21

 

Authority to allot    securities

737,457,896

 

99.41

 

4,367,363

 

741,825,259

881,864

22

 

Disapplication of pre-emption rights

739,825,441

 

99.75

 

1,846,033

 

741,671,474

1,035,649

23

 

Purchase of own shares

736,403,841

 

99.28

 

5,327,815

 

741,731,656

975,465

24

 

Notice period for general meetings

712,485,977

 

96.04

 

29,408,642

 

741,894,619

812,504

 

 

Notes

 

a)   The 'for' vote includes those giving the Chairman discretion and the percentage is rounded to two decimal places.

 

b)   A vote withheld is not a vote in law and is not counted in the calculation of the proportion of       votes for or against a resolution.

 

c)   Resolutions 22 to 24 are special resolutions.

 

d)   The total number of ordinary shares of 10 pence each, in issue, excluding shares held in treasury as at 6.00pm on 2 February 2021 were 946,408,101.

 

Although Resolution 2, the Directors' Remuneration Report was carried, a significant proportion of the votes cast were against. In the run up to the Annual General Meeting we engaged with a number of our shareholders to understand their concerns. The principal point at issue for them, and some of the proxy voting guidance services, was the level of base salary for Stefan Bomhard, our new Chief Executive.

 

The Chair of the Board provided some additional context on the new Chief Executive's remuneration package at the Annual General Meeting, the script of which can be found on our website at www.imperialbrandsplc.com

 

Our shareholders' views are important to us and we shall continue to engage with our largest shareholders on governance and remuneration.

 

A copy of a document setting out the resolutions passed dealing with special business at the meeting has been submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism in due course.

 

 

Trevor Williams

Deputy Company Secretary

 

 

Copies of our announcements are available on our website:  www.imperialbrandsplc.com/Investors/Stock-Exchange-announcements

 

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