Hammerson plc
Results of the 2018 Annual General Meeting
At the Annual General Meeting of Hammerson plc (the 'Company') held at Kings Place, 90 York Way, London N1 9GE on Tuesday, 24 April 2018, all the resolutions were voted upon by poll and were passed by Shareholders. The results of the poll for each resolution are as follows:
|
Votes For |
Votes Against |
Votes Cast |
**Votes Withheld |
|
Resolution |
No. of Shares |
% of Shares voted |
No. of Shares |
% of Shares voted |
% of Issued Share Capital |
No. of Shares |
1 |
To receive the Directors' Annual Report and Financial Statements |
602,527,242 |
99.93 |
400,398 |
0.07 |
75.91% |
520,523 |
2 |
To receive and approve the 2017 Directors' Remuneration Report |
573,338,546 |
96.62 |
20,082,608 |
3.38 |
74.72% |
10,027,007 |
3 |
To declare a final dividend |
602,551,365 |
100.00 |
0 |
0.00 |
75.87% |
896,798 |
4 |
To re-elect David Atkins |
590,915,231 |
99.28 |
4,266,729 |
0.72 |
74.94% |
8,266,203 |
5 |
To re-elect Pierre Bouchut |
590,876,580 |
99.28 |
4,303,530 |
0.72 |
74.94% |
8,268,053 |
6 |
To re-elect Gwyn Burr |
582,958,338 |
97.95 |
12,221,273 |
2.05 |
74.94% |
8,268,552 |
7 |
To re-elect Peter Cole |
591,189,024 |
99.33 |
3,992,864 |
0.67 |
74.94% |
8,266,275 |
8 |
To re-elect Timon Drakesmith |
591,540,965 |
99.39 |
3,640,976 |
0.61 |
74.94% |
8,266,222 |
9 |
To re-elect Terry Duddy |
590,757,294 |
99.26 |
4,424,186 |
0.74 |
74.94% |
8,266,683 |
10 |
To re-elect Andrew Formica |
590,785,887 |
99.26 |
4,396,073 |
0.74 |
74.94% |
8,266,203 |
11 |
To re-elect Judy Gibbons |
591,366,806 |
99.36 |
3,813,304 |
0.64 |
74.94% |
8,268,053 |
12 |
To re-elect Jean-Philippe Mouton |
590,878,798 |
99.28 |
4,303,162 |
0.72 |
74.94% |
8,266,203 |
13 |
To re-elect David Tyler |
564,493,569 |
95.46 |
26,818,956 |
4.54 |
74.45% |
12,135,637 |
14 |
To re-appoint PricewaterhouseCoopers LLP as auditor |
597,173,345 |
99.12 |
5,274,191 |
0.88 |
75.85% |
1,000,626 |
15 |
To authorise the Audit Committee to agree the auditor's remuneration |
600,137,278 |
99.53 |
2,819,151 |
0.47 |
75.92% |
491,734 |
16 |
To authorise the Directors to allot securities pursuant to Section 551 of the Companies Act 2006 |
461,611,571 |
76.56 |
141,346,806 |
23.44 |
75.92% |
489,786 |
17* |
To empower the directors pursuant to Section 570 and 573 of the Companies Act 2006 to allot equity securities as though Section 561(1) of that Act did not apply to such allotment |
591,258,436 |
98.42 |
9,512,000 |
1.58 |
75.64% |
2,677,727 |
18* |
To empower the directors pursuant to Section 570 and 573 of the Companies Act 2006 to allot equity securities as though Section 561(1) of that Act did not apply to such allotment in addition to those conferred by resolution 17 |
583,831,087 |
97.18 |
16,938,468 |
2.82 |
75.64% |
2,678,607 |
19* |
To authorise market purchases by the Company of its shares |
593,782,621 |
98.51 |
8,979,230 |
1.49 |
75.89% |
686,311 |
20 |
To renew the rules of the SAYE |
596,080,809 |
98.87 |
6,826,119 |
1.13 |
75.91% |
541,235 |
21 |
To receive and approve the SAYE Ireland |
600,282,722 |
99.57 |
2,622,499 |
0.43 |
75.91% |
542,942 |
22 |
To receive and approve the SIP |
602,501,943 |
99.93 |
402,563 |
0.07 |
75.91% |
543,657 |
* Special resolution (75% majority required).
** A vote withheld is not a vote in law and is not counted towards the votes cast 'For' or 'Against' a resolution.
The Board notes that, although resolution 16 was passed with the requisite majority, 23.44% of votes received were against. This resolution is considered routine for listed companies in the UK and is within the Investment Association's Share Capital Management Guidelines. The Board is aware however, that certain overseas institutional investors have a policy of not supporting this authority for the Directors to issue shares. The Company will continue to engage with those shareholders on this matter in future.
The issued share capital of the Company as at 6.00pm on 20 April 2018 (the time by which shareholders who wanted to attend, speak and vote at the AGM were entered on the Register) was 794,227,196 ordinary shares.
Copies of the resolutions passed, other than the resolutions constituting ordinary business, at the Annual General Meeting will shortly be available for inspection at the National Storage Mechanism, which is located at www.morningstar.co.uk/uk/nsm.
A copy of the poll results for the Annual General Meeting is also available on the Hammerson plc website (www.hammerson.com).
The full text of the resolutions is set out in the Notice of Meeting which is also available at www.hammerson.com.
Sarah Booth
General Counsel and Company Secretary
24 April 2018
Note: the announcement above has also been released on the SENS system of the Johannesburg Stock Exchange.