Future plc
5 February 2020
FUTURE PLC
Result of Annual General Meeting
Future plc (LSE: FUTR), the global platform for specialist media, announces the results of voting on the resolutions put to shareholders at its Annual General Meeting (the "AGM") held on Wednesday 5 February 2020. Details of the resolutions are set out in full in the Notice of AGM on pages 149 and 150 of the Annual Report 2019. Copies are available to view and download on the Company's website, www.futureplc.com, on request to the Company's registered office at Quay House, The Ambury, Bath BA1 1UA or by email: investor.relations@futurenet.com.
Voting at the AGM was conducted on a show of hands. All resolutions were passed by the required majority.
Resolutions 1 to 14 (inclusive) were passed as ordinary resolutions, resolutions 15 to 18 were passed as special resolutions.
Resolution 2 (the Remuneration Report) was passed with a majority of 75.09%, as detailed in the table below. Having consulted extensively with major shareholders around the proposed remuneration policy, the Company is pleased to note the strong vote of support for Resolution 3 (the Remuneration Policy), but acknowledges the dissenting votes in respect of the Remuneration Report.
We thank shareholders who have been in contact for their engagement with us on remuneration issues to date, will reflect further upon their comments, and publish an update on our ongoing engagement, in accordance with the UK Corporate Governance Code, within six months of the AGM.
The results of votes cast by proxy for each resolution were as follows:
Resolution |
Votes for |
% |
Votes against |
% |
Total votes |
% of ISC* voted |
Votes withheld |
1 |
82,607,639 |
100.00 |
0 |
0.00 |
82,607,639 |
84.28 |
120,335 |
2 |
58,254,355 |
75.09 |
19,324,119 |
24.91 |
77,578,474 |
79.15 |
5,149,500 |
3 |
64,571,026 |
83.20 |
13,039,300 |
16.80 |
77,610,326 |
79.18 |
5,117,648 |
4 |
82,666,880 |
100.00 |
39 |
0.00 |
82,666,919 |
84.34 |
61,055 |
5 |
73,093,865 |
91.33 |
6,942,681 |
8.67 |
80,036,546 |
81.66 |
2,691,428 |
6 |
81,819,609 |
98.98 |
847,286 |
1.02 |
82,666,895 |
84.34 |
61,079 |
7 |
79,013,476 |
99.17 |
659,616 |
0.83 |
79,673,092 |
81.29 |
3,049,882 |
8 |
78,826,556 |
95.35 |
3,840,339 |
4.65 |
82,666,895 |
84.34 |
61,079 |
9 |
82,273,337 |
99.52 |
393,558 |
0.48 |
82,666,895 |
84.34 |
61,079 |
10 |
72,998,526 |
88.30 |
9,668,369 |
11.70 |
82,666,895 |
84.34 |
61,079 |
11 |
80,810,502 |
97.81 |
1,808,507 |
2.19 |
82,619,009 |
84.29 |
108,965 |
12 |
80,011,603 |
96.84 |
2,607,347 |
3.16 |
82,618,950 |
84.29 |
109,024 |
13 |
81,511,818 |
98.60 |
1,155,056 |
1.40 |
82,666,874 |
84.34 |
61,100 |
14 |
76,495,885 |
92.54 |
6,170,948 |
7.46 |
82,666,833 |
84.34 |
61,141 |
15 |
77,610,243 |
93.88 |
5,056,607 |
6.12 |
82,666,850 |
84.34 |
61,124 |
16 |
76,961,962 |
93.10 |
5,704,888 |
6.90 |
82,666,850 |
84.34 |
61,124 |
17 |
81,373,975 |
98.44 |
1,292,865 |
1.56 |
82,666,840 |
84.34 |
61,134 |
18 |
82,308,375 |
99.57 |
358,541 |
0.43 |
82,666,916 |
84.34 |
61,058 |
* Issued share capital
Notes:
1. As at the date of the AGM, the Company had 98,014,373 ordinary shares in issue. The Company did not hold any shares in treasury and therefore the number of total voting rights as at the date of the AGM was 98,014,373.
2. Note that a 'vote withheld' is not a vote in law and such votes have not been included in the calculation of votes 'for' and 'against' each resolution. Proxy appointments which gave discretion to the Chairman have been included in the 'for' total above.
3. In accordance with Listing Rule 9.6.2, copies of the relevant ordinary and special resolutions passed at the will be submitted to the FCA's National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/nsm. The full text of the resolutions passed at the Annual General Meeting can be found in the Notice of Annual General Meeting, which is available for inspection at the National Storage Mechanism and also on the Company's website at www.futureplc.com
Enquiries:
Timothy Maw
Company Secretary
Future plc
+44 (0)1225 442244