Ted Baker Plc
(the "Company")
Result of 2022 Annual General Meeting
Ted Baker Plc held its Annual General Meeting earlier today. All of the resolutions as set out in the Notice of Annual General Meeting were passed by the requisite majority.
A poll was held on each of the resolutions proposed. The results of the polls are as follows:
| Resolution |
For (Note 2) |
Against |
Total votes validly cast (excluding votes withheld) |
Votes Withheld (Note 4) |
|||
| |
|
|
|
|
|
|
|
| |
Number of votes |
% of votes cast |
Number of votes |
% of votes cast |
Total votes cast |
% of issued share capital voted (Note 3) |
|
| 1. To receive the reports and accounts |
108,928,632 |
99.98% |
18,287 |
0.02% |
108,982,815 |
59.03% |
35,896 |
| 2. To approve the Directors' Remuneration Report |
75,343,557 |
69.26% |
33,443,963 |
30.74% |
108,982,815 |
59.03% |
195,295 |
| 3. To re-elect Helena Feltham as a Director |
107,804,553 |
98.93% |
1,168,096 |
1.07% |
108,982,815 |
59.03% |
10,166 |
| 4. To re-elect Rachel Osborne as a Director |
108,867,147 |
99.90% |
105,502 |
0.10% |
108,982,815 |
59.03% |
10,166 |
| 5. To re-elect Marc Dench as a Director |
108,900,338 |
99.93% |
71,957 |
0.07% |
108,982,815 |
59.03% |
10,520 |
| 6. To re-elect Colin La Fontaine Jackson as a Director |
108,898,978 |
99.93% |
72,169 |
0.07% |
108,982,815 |
59.03% |
11,668 |
| 7. To re-elect Fumbi Chima as a Director |
108,900,330 |
99.93% |
72,417 |
0.07% |
108,982,815 |
59.03% |
10,068 |
| 8. To re-elect Jon Kempster as a Director |
106,128,377 |
97.39% |
2,844,370 |
2.61% |
108,982,815 |
59.03% |
10,068 |
| 9. To re-elect Meg Lustman as a Director |
108,900,330 |
99.93% |
72,417 |
0.07% |
108,982,815 |
59.03% |
10,068 |
| 10. To re-appoint BDO LLP as the Company's Auditors |
108,896,059 |
99.93% |
78,255 |
0.07% |
108,982,815 |
59.03% |
8,501 |
| 11. To authorise the Audit & Risk Committee to determine the Auditors' remuneration |
108,900,923 |
99.93% |
78,075 |
0.07% |
108,982,815 |
59.03% |
3,817 |
| 12. To authorise the Directors to allot shares |
108,845,997 |
99.88% |
128,466 |
0.12% |
108,982,815 |
59.03% |
8,352 |
| 13. To authorise political donations and political expenditure |
105,126,676 |
96.47% |
3,850,256 |
3.53% |
108,982,815 |
59.03% |
5,883 |
| 14. To disapply statutory pre-emption rights |
108,831,870 |
99.87% |
142,605 |
0.13% |
108,982,815 |
59.03% |
8,340 |
| 15. To empower the Directors to allot equity securities for cash |
108,878,529 |
99.91% |
97,067 |
0.09% |
108,982,815 |
59.03% |
7,219 |
| 16. To authorise the Company to purchase its own shares |
108,878,773 |
99.91% |
99,713 |
0.09% |
108,982,815 |
59.03% |
4,329 |
| 17. To authorise the calling of a general meeting of the Company (other than an annual general meeting) on not less than 14 clear days' notice |
108,587,318 |
99.64% |
390,869 |
0.36% |
108,982,815 |
59.03% |
4,628 |
Notes:
1. Results of the poll can also be viewed on the Company's website: tedbakerplc.com
2. Votes "For" include those votes giving the Chair discretion.
3. As at the close of business on 26 July 2022, the Company's issued share capital was 184,616,158. The total number of ordinary shares on 26 July 2022 was 184,616,158. Shareholders are entitled to one vote per share.
4. Votes "Withheld" are not votes in law and have not been counted in the calculation of the proportion of votes "For" or "Against" a resolution.
5. Resolutions 1 to 13 were proposed as ordinary resolutions and Resolutions 14 to 17 were proposed as special resolutions.
In accordance with Listing Rule 9.6.2R, copies of the resolutions concerning special items of business have been submitted to the Financial Conduct Authority, and will shortly be available for inspection through National Storage Mechanism located at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
The Board is pleased to have received shareholder support for all resolutions proposed at the AGM but is naturally disappointed that a minority of shareholders felt they were unable to support Resolution 2. Ted Baker remains committed to transparency and open communication with its shareholders, and in line with the UK Corporate Governance Code intends to engage with shareholders over the coming months to understand better the reasons behind the result.
LEI: 549300HN14450OU4IL77
Enquiries:
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| Tulchan Communications |
Tel: +44 (0) 20 7353 4200 |
| Jonathan Sibun/Jessica Reid |
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