National Storage Mechanism | Additional information
RNS Number : 2829D
Barratt Developments PLC
18 October 2022
 

BARRATT DEVELOPMENTS PLC

 

RESULTS OF THE 2022 ANNUAL GENERAL MEETING

 

Barratt Developments PLC (the "Company") held its sixty-third Annual General Meeting (the "AGM") on Monday 17 October 2022, at Linklaters, One Silk Street, London EC2Y 8HQ.

 

All resolutions put to the meeting were voted on by way of a poll and were passed by the shareholders. The results of the poll for each such resolution are shown below:

 

Poll Results

 

 

 

Resolution

Votes For (including Chairman's discretionary votes)

 

 

Votes Against

 

Votes Withheld1

 

Total Votes Cast (excluding votes withheld)

 

 

No. of Shares

% of shares voted

No. of Shares

% of shares voted

No. of Shares

No. of Shares

% of issued share capital

1.

To receive the accounts of the Company, the strategic report and the Directors' and Auditor's reports for the year ended 30 June 2022

676,611,558

99.99

58,398

0.01

638,717

676,669,956

66.90%

2.

To approve the Directors' remuneration report for the year ended 30 June 2022 (excluding the Directors' remuneration policy)

634,326,479

93.72

42,480,457

6.28

501,737

676,806,936

66.91%

3.

To declare a final dividend of 25.7 pence per ordinary share

677,250,980

100.00

28,718

0.00

28,975

677,279,698

66.96%

4.

To elect Mike Scott as a Director of the Company

661,770,042

97.72

15,439,151

2.28

99,480

677,209,193

66.95%

5.

To re-elect John Allan as a Director of the Company

535,873,562

79.65

136,938,613

20.35

4,496,498

672,812,175

66.52%

6.

To re-elect David Thomas as a Director of the Company

665,779,569

98.31

11,430,257

1.69

98,847

677,209,826

66.95%

7.

To re-elect Steven Boyes as a Director of the Company

665,449,975

98.26

11,756,851

1.74

101,847

677,206,826

66.95%

8.

To re-elect Katie Bickerstaffe as a Director of the Company

652,271,400

96.32

24,948,152

3.68

89,121

677,219,552

66.95%

9.

To re-elect Jock Lennox as a Director of the Company

603,573,513

89.13

73,633,108

10.87

102,052

677,206,621

66.95%

10.

 

To re-elect Chris Weston as a Director of the Company

603,489,219

89.11

73,717,246

10.89

102,208

677,206,465

66.95%

11.

To re-elect Sharon White as a Director of the Company

654,601,552

96.66

22,614,041

3.34

93,080

677,215,593

66.95%

12.

To re-appoint Deloitte LLP as the auditor of the Company

672,457,052

99.29

4,790,278

0.71

61,343

677,247,330

66.95%

13.

To authorise the Audit Committee to fix the auditor's remuneration

674,767,024

99.63

2,489,142

0.37

52,507

677,256,166

66.95%

14.

To authorise the Company to make political donations and incur political expenditure

635,373,832

93.82

41,884,142

6.18

50,699

677,257,974

66.95%

15.

To authorise the Board to allot shares and grant subscription/conversion rights over shares

659,985,247

97.46

17,213,897

2.54

109,529

677,199,144

66.95%

16.

To authorise the Board to allot or sell ordinary shares without complying with

pre-emption rights*

634,804,599

93.74

42,397,910

6.26

106,164

677,202,509

66.95%

17.

To authorise the Company to make market purchases of its ordinary shares*

675,864,568

99.83

1,152,832

0.17

291,273

677,017,400

66.93%

18.

To allow the Company to hold general meetings, other than an Annual General Meeting, on not less than 14 clear days' notice*

638,366,487

94.26

38,905,808

5.74

36,378

677,272,295

66.96%

 

1 A vote withheld is not a vote in law.

* Indicates a special resolution requiring a 75% majority.

 

Issued share capital as at voting record date: 1,011,518,177.  Number of votes per share: one

 

It is the Company's understanding that the votes against Resolution 5 (the re-election of John Allan) were primarily due to female Board representation falling below the requirements of the Hampton-Alexander review following the AGM, as Nina Bibby did not stand for re-election.

The Company takes compliance with the UK Corporate Governance Code seriously and is mindful of the requirements of the Hampton-Alexander review as well as the changes being proposed to the Listing Rules to increase female representation to 40% on Boards with one of the key roles being held by a female. The Nomination Committee, which is chaired by John Allan, is nearing the end of the recruitment process for a new Non-Executive Director and will be announcing the successful female candidate in the next two weeks.

 

Resolutions submitted to the National Storage Mechanism (the 'NSM')

 

We will shortly submit copies of all resolutions, other than those relating to ordinary business, passed at the meeting, (being Resolutions 15, 16, 17 and 18) to the NSM in accordance with Listing Rule 9.6.2.

 

These resolutions will therefore be available for inspection at: https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism.

 

The poll results will also be available shortly on the Company's website www.barrattdevelopments.co.uk.

 

For further information please contact:

 

Barratt Developments PLC

David Thomas, Chief Executive                                                         020 7299 4896

Tina Bains, Company Secretary                                                         01530 278 278

 

For media enquiries, please contact:

 

Barratt Developments PLC

Tim Collins, Group Corporate Affairs Director                                    020 7299 4874

 

Brunswick

Jonathan Glass/Rosie Oddy                                                               020 7404 5959

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