TIDMFUTR
RNS Number : 6455A
Future PLC
03 February 2022
3 February 2022
FUTURE PLC
Result of Annual General Meeting
The Board of Future plc would like to thank all shareholders for
casting their votes at this year's AGM following a year of
exceptional performance by the Company.
The Board notes that Resolutions 1,2 and 4-19 were passed with
the requisite majority in favour. Resolution 3, the Approval of the
Directors' Report on Remuneration, did not pass. As a result, the
Board will initiate a new consultation process with shareholders
regarding the matter.
The Board remains of the view that the all-employee Value
Creation Plan, which was approved by shareholders at the 2021 AGM,
incentivises and rewards the whole Future workforce and supports
the long-term success of the business, and the continued creation
of sustainable long-term shareholder value. The plan is directly
aligned to shareholder interests and will only vest if the Company
delivers exceptional performance.
The Board also acknowledges certain votes against Resolution 3
were based on the discretion exercised by the Remuneration
Committee in respect of the leaving provisions of former CFO Rachel
Addison. The Board believes that the leaving provisions were in the
best interests of shareholders and that the value of downwards
discretion applied significantly more than offset the value of
upwards discretion.
Future has a longstanding policy of keeping remuneration under
review and of constructive engagement to ensure it is aligned with
the shareholder and employee experience.
The Board is grateful for the time and feedback provided by
shareholders on these matters and will continue to engage
constructively with shareholders in relation to them. In accordance
with the UK Corporate Governance Code, the Company will publish an
update on ongoing engagement within six months of the AGM.
The results of votes cast by proxy for each resolution were as
follows:
Resolution Votes for % Votes % Total % of Votes withheld
against votes ISC*
voted
1 104,421,629 99.95 50,114 0.05 104,471,743 86.49 296,055
------------ ------- ----------- ------ ------------ ------- ---------------
2 104,765,631 100.00 36 0.00 104,765,667 86.73 2,166
------------ ------- ----------- ------ ------------ ------- ---------------
3 44,450,501 44.56 55,313,381 55.44 99,763,882 82.59 5,003,951
------------ ------- ----------- ------ ------------ ------- ---------------
4 101,532,007 98.84 1,187,813 1.16 102,719,820 85.04 2,048,013
------------ ------- ----------- ------ ------------ ------- ---------------
5 95,351,464 91.01 9,413,630 8.99 104,765,094 86.73 2,739
------------ ------- ----------- ------ ------------ ------- ---------------
6 103,854,148 99.13 910,942 0.87 104,765,090 86.73 2,743
------------ ------- ----------- ------ ------------ ------- ---------------
7 64,060,547 61.18 40,654,552 38.82 104,715,099 86.69 52,734
------------ ------- ----------- ------ ------------ ------- ---------------
8 93,062,081 88.92 11,599,019 11.08 104,661,100 86.65 106,733
------------ ------- ----------- ------ ------------ ------- ---------------
9 68,377,406 65.30 36,337,694 34.70 104,715,100 86.69 52,733
------------ ------- ----------- ------ ------------ ------- ---------------
10 99,005,065 94.50 5,760,107 5.50 104,765,172 86.73 2,661
------------ ------- ----------- ------ ------------ ------- ---------------
11 103,694,100 98.98 1,070,990 1.02 104,765,090 86.73 2,743
------------ ------- ----------- ------ ------------ ------- ---------------
12 98,622,264 94.14 6,142,909 5.86 104,765,173 86.73 2,660
------------ ------- ----------- ------ ------------ ------- ---------------
13 104,758,464 99.99 5,336 0.01 104,763,800 86.73 4,033
------------ ------- ----------- ------ ------------ ------- ---------------
14 104,760,204 100.00 5,101 0.00 104,765,305 86.73 2,528
------------ ------- ----------- ------ ------------ ------- ---------------
15 95,260,623 90.93 9,506,742 9.07 104,767,365 86.74 468
------------ ------- ----------- ------ ------------ ------- ---------------
16 99,216,961 94.86 5,379,752 5.14 104,596,713 86.59 171,120
------------ ------- ----------- ------ ------------ ------- ---------------
17 100,091,366 95.54 4,674,589 4.46 104,765,955 86.73 1,878
------------ ------- ----------- ------ ------------ ------- ---------------
18 98,248,003 93.78 6,515,957 6.22 104,763,960 86.73 3,873
------------ ------- ----------- ------ ------------ ------- ---------------
19 102,458,799 97.80 2,306,580 2.20 104,765,379 86.73 2,454
------------ ------- ----------- ------ ------------ ------- ---------------
* Issued share capital
Notes:
1. As at the date of the AGM, the Company had 120,788,965
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 120,788,965.
2. The full text of the resolutions is set out in the notice of
annual general meeting, which can be found on pages 174 to 175 of
the 2021 Annual Report.
3. Percentages are expressed as a proportion of the total votes cast.
4. A vote withheld is not a vote in law and is not included in
the calculation of the votes "For" or "Against" the resolution.
5. Any proxy appointments which gave discretion to the Chairman
have been included in the "For" total.
Future plc
Anne Steele, Company Secretary Tel: +44 (0)1225 442244
Marion Le Bot, Head of Investor
Relations
Media enquiries
Stephen Malthouse / Rob Walker Tel: +44 (0) 203 805 4822
/ Charlie Twigg
future@headlandconsultancy.com
----------------------------
Legal Entity Identifier (LEI) : 213800K2581YRLEXV353
About Future
Future is a global platform business for specialist media with
diversified revenue streams. Its content reaches 1 in 2 adults
online in the UK and 1 in 3 in the US.
The Media division is high-growth with complementary revenue
streams including eCommerce for products and services, events, and
digital advertising (including advertising within newsletters and
video). It operates in a number of sectors including technology,
games & entertainment, music, home & gardens, sports, TV
& film, real life, knowledge, wealth & savings, women's
lifestyle and B2B. Its brands include TechRadar, PC Gamer, Tom's
Guide, Android Central, Truly, The Week, Kiplinger, GoCompare,
Digital Camera World, Homebuilding & Renovating Show,
GamesRadar+, The Photography Show, Top Ten Reviews, Marie Claire,
Live Science, Guitar World, MusicRadar, Space.com, What to Watch,
Gardening Etc, Adventure and Tom's Hardware.
The Magazine division focuses on publishing specialist content,
with a combined global circulation of over 3 million delivered
through more than 131 magazines, and 735 bookazines published a
year. The portfolio spans technology, knowledge, games &
entertainment, sports, music, photography & design, homes &
garden, country lifestyle, TV & film and B2B. Its titles
include Country Life, Wallpaper*, Woman & Home, The Week,
Classic Rock, Decanter, Guitar Player, FourFourTwo, Homebuilding
& Renovating, Digital Camera, Guitarist, How It Works, Total
Film, What Hi-Fi? and Music Week.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
RAGSSDFDDEESEDE
(END) Dow Jones Newswires
February 03, 2022 08:36 ET (13:36 GMT)
Future (LSE:FUTR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Future (LSE:FUTR)
Historical Stock Chart
From Apr 2023 to Apr 2024
