2 May 2019
Barclays PLC
Results of Annual General Meeting
The Barclays PLC Annual General Meeting was held earlier today. A poll was held on each of the resolutions proposed and the results of the poll are set out below. All resolutions, with the exception of Resolution 24, were passed.
RESOLUTIONS |
Number of votes cast "For" the Resolution |
% of votes cast "For" the Resolution |
Number of votes cast "Against" the Resolution |
% of votes cast "Against" the Resolution |
Number of votes Withheld* |
Total votes cast as % of Issued Share Register |
1 |
To receive the Reports of the Directors and Auditors and the audited accounts of the Company for the year ended 31 December 2018 |
12,695,734,282 |
98.55 |
186,675,577 |
1.45 |
96,900,041 |
74.72% |
2 |
To approve the Directors' Remuneration Report (other than the part containing the Directors' Remuneration Policy) for the year ended 31 December 2018 |
8,849,675,682 |
70.79 |
3,652,341,337 |
29.21 |
477,285,142 |
72.51% |
3 |
To appoint Mary Anne Citrino as a Director of the Company. |
11,948,603,749 |
99.71 |
34,632,816 |
0.29 |
996,057,291 |
69.50% |
4 |
To appoint Nigel Higgins as a Director of the Company. |
11,807,099,643 |
99.56 |
52,291,686 |
0.44 |
1,119,916,432 |
68.79% |
5 |
To reappoint Mike Ashley as a Director of the Company. |
11,777,628,455 |
98.29 |
205,380,097 |
1.71 |
996,299,207 |
69.50% |
6 |
To reappoint Tim Breedon as a Director of the Company. |
12,602,485,389 |
97.49 |
324,895,667 |
2.51 |
51,926,155 |
74.98% |
7 |
To reappoint Sir Ian Cheshire as a Director of the Company. |
11,842,545,668 |
98.82 |
141,100,455 |
1.18 |
995,676,212 |
69.51% |
8 |
To reappoint Mary Francis as a Director of the Company. |
11,697,785,559 |
97.61 |
285,834,129 |
2.39 |
995,688,072 |
69.51% |
9 |
To reappoint Crawford Gillies as a Director of the Company. |
11,389,246,361 |
88.10 |
1,537,807,378 |
11.90 |
52,254,020 |
74.98% |
10 |
To reappoint Matthew Lester as a Director of the Company. |
11,967,989,715 |
99.87 |
15,257,915 |
0.13 |
996,060,130 |
69.50% |
11 |
To reappoint Tushar Morzaria as a Director of the Company. |
11,955,908,964 |
92.47 |
973,190,099 |
7.53 |
50,207,495 |
74.99% |
12 |
To reappoint Diane Schueneman as a Director of the Company. |
12,911,067,266 |
99.87 |
16,888,825 |
0.13 |
51,351,669 |
74.98% |
13 |
To reappoint James Staley as a Director of the Company. |
12,894,453,042 |
99.73 |
34,599,257 |
0.27 |
50,254,456 |
74.99% |
14 |
To reappoint KPMG LLP as auditors of the Company. |
12,733,013,321 |
98.49 |
195,382,019 |
1.51 |
50,918,887 |
74.99% |
15 |
To authorise the Board Audit Committee to set the remuneration of the Auditors. |
12,892,679,859 |
99.72 |
36,270,397 |
0.28 |
50,362,362 |
74.99% |
16 |
To authorise the Company and its subsidiaries to make political donations and incur political expenditure. |
11,617,998,924 |
97.11 |
345,385,946 |
2.89 |
1,015,918,836 |
69.39% |
17 |
To authorise the Directors to allot shares and securities. |
11,585,506,188 |
89.63 |
1,341,000,299 |
10.37 |
52,795,666 |
74.98% |
18 |
To authorise the Directors to allot equity securities for cash and/or to sell treasury shares other than on a pro rata basis to shareholders of no more than 5% of issued share capital. |
12,880,111,931 |
99.64 |
46,723,918 |
0.36 |
52,438,705 |
74.98% |
19 |
To authorise the Directors to allot equity securities for cash and/or to sell treasury shares other than on a pro rata basis to shareholders of no more than an additional 5% of issued share capital in connection with an acquisition or specified capital investment. |
12,500,734,602 |
96.71 |
425,473,729 |
3.29 |
53,085,681 |
74.97% |
20 |
To authorise the Directors to allot equity securities in relation to the issuance of contingent Equity Conversion Notes. |
11,991,559,666 |
92.77 |
933,993,086 |
7.23 |
53,743,109 |
74.97% |
21 |
To authorise the Directors to allot equity securities for cash other than on a pro rata basis to shareholders in relation to the issuance of contingent Equity Conversion Notes. |
11,912,416,759 |
92.20 |
1,007,335,810 |
7.80 |
59,547,615 |
74.94% |
22 |
To authorise the Company to purchase its own shares. |
11,786,143,811 |
91.32 |
1,120,968,364 |
8.68 |
72,189,429 |
74.86% |
23 |
To authorise the Directors to call general meetings (other than an AGM) on not less than 14 clear days' notice. |
12,348,079,234 |
95.57 |
572,420,149 |
4.43 |
58,803,270 |
74.94% |
24 |
That Mr. Edward Bramson be and is hereby appointed as a Director of the Company. |
1,616,783,901 |
12.79 |
11,024,118,524 |
87.21 |
338,874,608 |
73.32% |
* A vote Withheld is not a vote in law and is not counted in the calculation of the proportion of votes "For" and "Against" a resolution.
As at 6.30pm on Tuesday 30 April 2019, the time by which shareholders who wanted to vote at the AGM must have been entered on the Company's register of members, there were 17,240,956,167 ordinary shares in issue. 504 shareholders or persons representing shareholders attended the meeting. Shareholders are entitled to one vote per share.
In accordance with Listing Rule 9.6.2, copies of the resolutions that do not constitute ordinary business at an annual general meeting will be submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM
Resolution 2
The Board notes that while Resolution 2 was passed with a majority of 70.79%, a number of our shareholders opposed this resolution.
We are disappointed in this outcome and will seek and reflect carefully on feedback from our shareholders in order to understand more fully the reasons for the opposition to this resolution.
An update on the consultation process will be made in accordance with the UK Corporate Governance Code, within six months of the AGM. We expect to seek shareholder approval for a new Directors' Remuneration Policy at our AGM in 2020 in line with the normal cycle for renewal.
Other Matters
John McFarlane, Dambisa Moyo, Reuben Jeffery III and Mike Turner retired at the 2019 Barclays PLC Annual General Meeting and did not seek re-election. Mr. McFarlane, Dr. Moyo, Mr. Jeffery and Mr. Turner therefore resigned from the Board at the conclusion of the meeting and Mr. Nigel Higgins replaced Mr. McFarlane as Chairman and as Chairman of the Nominations Committee.
- ENDS-
For further information, please contact:
Investor Relations
Lisa Bartrip
+44 (0) 20 7773 0708 |
Media Relations
Tom Hoskin
+44 (0) 20 7116 6927 |
About Barclays
Barclays is a transatlantic consumer and wholesale bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US.
With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 83,500 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.
For further information about Barclays, please visit our website home.barclays