Ashmore Group plc (the "Company")
20 October 2017
Results of Annual General Meeting ("AGM")
The Board of Ashmore Group plc (the "Board"), is pleased to announce that at the AGM of the Company held earlier today all resolutions were duly passed on a poll. All of the resolutions are accordingly declared as carried. Resolutions 5, 6, 7, 8 and 9, relating to the re-election of Independent Non-executive Directors, are carried by a majority of votes cast by both Independent Shareholders as well as by a majority of votes cast by all Shareholders.
The results of the poll on each resolution were as follows:
|
|
FOR |
AGAINST |
ABSTAIN* |
TOTAL VOTE |
% age of total Votes in Favour |
|
Resolution Number |
No. of Votes |
No. of Votes |
No. of Votes |
|
1 |
To receive and adopt the Report and Accounts for the year ended 30 June 2017 |
606,046,807 |
1,631,707 |
45,102 |
607,678,514 |
99.73% |
2 |
To declare a final dividend for the year ended 30 June 2017 of 12.1 pence per Ordinary Share |
607,723,616 |
0 |
0 |
607,723,616 |
100.00% |
3 |
To re-elect Mark Coombs as a Director |
607,152,845 |
570,271 |
500 |
607,723,116 |
99.91% |
4 |
To re-elect Tom Shippey as a Director |
606,813,548 |
909,568 |
500 |
607,723,116 |
99.85% |
5 |
To re-elect Peter Gibbs as a Director (all shareholders) |
582,837,874 |
23,276,909 |
1,608,833 |
606,114,783 |
96.16% |
5 |
To re-elect Peter Gibbs as a Director (independent shareholders) |
301,462,952 |
23,276,909 |
1,608,833 |
324,739,861 |
92.83% |
6 |
To re-elect Simon Fraser as a Director (all shareholders) |
567,632,142 |
40,090,155 |
1,319 |
607,722,297 |
93.40% |
6 |
To re-elect Simon Fraser as a Director (independent shareholders) |
286,257,220 |
40,090,155 |
1,319 |
326,347,375 |
87.72% |
7 |
To re-elect Dame Anne Pringle as a Director (all shareholders) |
586,362,140 |
21,360,657 |
819 |
607,722,797 |
96.49% |
7 |
To re-elect Dame Anne Pringle as a Director (independent shareholders) |
304,987,218 |
21,360,657 |
819 |
326,347,875 |
93.45% |
8 |
To re-elect David Bennett as a Director (all shareholders) |
586,255,268 |
21,467,529 |
819 |
607,722,797 |
96.47% |
8 |
To re-elect David Bennett as a Director (independent shareholders) |
304,880,346 |
21,467,529 |
819 |
326,347,875 |
93.42% |
9 |
To re- elect Clive Adamson as a Director (all shareholders) |
607,144,026 |
578,771 |
819 |
607,722,797 |
99.90% |
9 |
To re-elect Clive Adamson as a Director (independent shareholders) |
325,769,104 |
578,771 |
819 |
326,347,875 |
99.82% |
10 |
To approve the Remuneration policy |
515,865,054 |
90,707,202 |
1,151,359 |
606,572,256 |
85.05% |
11 |
To approve the Remuneration Report for the year ended 30 June 2017 |
518,697,947 |
86,426,020 |
2,509,648 |
605,123,967 |
85.72% |
12 |
To re-appoint KPMG LLP as auditors |
599,702,226 |
8,018,979 |
2,411 |
607,721,205 |
98.68% |
13 |
To authorise the Directors to agree the remuneration of the auditors |
607,049,714 |
673,402 |
500 |
607,723,116 |
99.89% |
14 |
To authorise political donations and political expenditure |
590,942,206 |
9,978,410 |
6,803,000 |
600,920,616 |
98.34% |
15 |
To authorise the Directors to allot shares |
601,105,905 |
6,615,811 |
1,900 |
607,721,716 |
98.91% |
16 |
To authorise the dis-application of pre-emption rights up to 35,368,623 shares** |
607,683,668 |
32,448 |
7,500 |
607,716,116 |
99.99% |
17 |
To authorise the dis-application of pre-emption rights up to a further 35,368,623 shares** |
600,188,983 |
7,527,133 |
7,500 |
607,716,116 |
98.76% |
18 |
To authorise market purchases of shares** |
606,217,930 |
1,505,186 |
500 |
607,723,116 |
99.75% |
19 |
To approve the renewal of the waiver of the obligation under Rule 9 of the Takeover Code *** |
225,110,634 |
98,721,270 |
2,516,790 |
323,831,904 |
69.51% |
20 |
To reduce the notice period for general meetings other than an Annual General Meeting ** |
598,806,425 |
8,915,791 |
1,400 |
607,722,216 |
98.53% |
* 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.
** Indicates Special Resolutions requiring a 75% majority
*** Mark Coombs has not voted on Resolution 19 as an interested party
As part of Ashmore's investor relations activities the Company regularly engages with its major shareholders on a range of matters. During the year, executive management from the Company, the Board Chairman and Chairman of the Remuneration Committee consulted with a number of its shareholders and proxy advisor bodies to discuss the business being proposed at the Company's AGM to gain a better understanding of reasons for shareholders voting against any particular resolution, (such as Resolution 19) . Ashmore remains committed to engaging with shareholders on issues of concern to ensure that its policies and practice are transparent, clear and understood in the context of Ashmore's business model and performance, in particular its proposals regarding remuneration policy and the Rule 9 waiver. The Board is kept fully informed of, and assesses, any shareholder feedback relating to such matters.
The above summary of proxy votes will shortly be available on the Company's website, www.ashmoregroup.com.
Ashmore Group PLC's Legal Entity Identifier (LEI) is 549300U3L59WB4YI2X12
For further details, please contact:
Michael Perman
Group Company Secretary
Ashmore Group plc
61, Aldwych
London WC2B 4AE
(T) +44 (0)20 3077 6000
END