18 April 2019
SEGRO plc (the Company)
Results of Annual General Meeting
A poll was held on each of the resolutions proposed at the Annual General Meeting (AGM) held earlier today. All resolutions were passed and the results are as follows:
Resolution |
For (including discretionary) |
Against |
Withheld |
1. To receive the financial statements and the reports of the Directors and the auditor. |
859,236,914 |
12,603 |
2,990,809 |
2. To declare a final dividend of 13.25 pence per ordinary share. |
857,199,398 |
2,992,289 |
2,048,639 |
3. To approve the Directors' Remuneration Report. |
437,531,605 |
383,403,396 |
41,305,324 |
4. To approve the Directors' Remuneration Policy. |
713,030,591 |
146,916,256 |
2,293,478 |
5. To re-elect Gerald Corbett as Director. |
856,080,640 |
4,069,915 |
2,089,770 |
6. To re-elect Soumen Das as a Director. |
852,988,835 |
7,164,011 |
2,087,480 |
7. To re-elect Carol Fairweather as a Director. |
858,081,219 |
2,056,120 |
2,102,987 |
8. To re-elect Christopher Fisher as a Director. |
719,737,810 |
140,375,501 |
2,127,014 |
9. To re-elect Andy Gulliford as a Director. |
855,959,083 |
4,184,260 |
2,096,983 |
10. To re-elect Martin Moore as a Director. |
721,720,051 |
138,413,404 |
2,106,870 |
11. To re-elect Phil Redding as a Director. |
853,430,624 |
6,713,589 |
2,096,113 |
12. To re-elect David Sleath as a Director. |
857,313,361 |
2,829,663 |
2,097,302 |
13. To re-elect Doug Webb as a Director. |
750,966,758 |
109,167,538 |
2,106,030 |
14. To elect Mary Barnard as a Director. |
860,092,009 |
43,125 |
2,105,192 |
15. To elect Sue Clayton as a Director. |
827,125,396 |
32,998,902 |
2,116,028 |
16. To re-appoint PricewaterhouseCoopers LLP as auditor of the Company. |
854,971,192 |
5,189,978 |
2,079,156 |
17. To authorise the Audit Committee to determine the remuneration of the auditor. |
824,423,953 |
35,741,707 |
2,074,665 |
18. To authorise political donations under the Companies Act 2006. |
852,477,193 |
3,879,033 |
5,884,100 |
19. To confer on the Directors the general authority to allot shares. |
856,412,317 |
3,741,637 |
2,086,372 |
20. To disapply statutory pre-emption rights relating to ordinary shares allotted under the authority granted by resolution 19.* |
858,249,377 |
1,818,978 |
2,171,971 |
21. To disapply pre-emption rights in connection with an acquisition or specified capital investment.* |
839,745,001 |
20,314,975 |
2,180,349 |
22. To authorise the Company to purchase its own shares.* |
851,780,734 |
7,562,044 |
2,897,547 |
23. To enable a general meeting other than an AGM on not less than 14 clear days' notice.* |
724,150,580 |
132,400,153 |
5,689,593 |
24. To amend the rules of the SEGRO plc Long Term Incentive Plan. |
721,327,690 |
138,594,522 |
2,318,113 |
* indicates a special resolution
The number of shares in issue as at the date of this announcement is 1,084,534,002.
A copy of the resolutions passed as special business at today's AGM will, in accordance with Listing Rule 9.6.2., be submitted to the National Storage Mechanism.
As set out in the 2018 Annual Report, and following an extensive consultation with the Company's larger shareholders, the Remuneration Committee proposed a package of measures with the aim of ensuring that the Executive Directors remuneration arrangements properly served the best interests of the Company and its shareholders. Whilst the new Remuneration Policy and amendments to the Long Term Incentive Plan were passed with over 80 per cent of votes in favour, the Directors note that the Remuneration Report was approved but with a significant minority of votes against. In these circumstances, the Remuneration Committee will continue to engage with shareholders to ensure their views are fully understood and considered.
Stephanie Murton
Legal Counsel
020 7451 9083