TIDMRDW
RNS Number : 7811O
Redrow PLC
09 November 2016
9 November 2016
Redrow plc
Result of AGM
Redrow plc (the "Company") is pleased to announce that at its
annual general meeting ("AGM") held earlier today all resolutions
put to the meeting were passed by way of a poll and the results of
the poll are set out below.
RESOLUTION VOTES % VOTES % VOTES % of VOTES
FOR AGAINST TOTAL ISC WITHHELD
VOTED
----------- ------------ ------- ----------- ------ ------------ ------- -----------
1 322,981,686 100.00 4,740 0.00 322,986,426 87.34% 26,083
----------- ------------ ------- ----------- ------ ------------ ------- -----------
2 323,036,399 100.00 612 0.00 323,037,011 87.35% 498
----------- ------------ ------- ----------- ------ ------------ ------- -----------
3 319,095,143 99.11 2,851,981 0.89 321,947,124 87.06% 1,090,384
----------- ------------ ------- ----------- ------ ------------ ------- -----------
4 322,535,943 99.85 494,888 0.15 323,030,831 87.35% 6,678
----------- ------------ ------- ----------- ------ ------------ ------- -----------
5 322,243,639 99.76 787,363 0.24 323,031,002 87.35% 5,907
----------- ------------ ------- ----------- ------ ------------ ------- -----------
6 316,371,037 97.94 6,661,957 2.06 323,032,994 87.35% 4,515
----------- ------------ ------- ----------- ------ ------------ ------- -----------
6* 166,984,992 96.16 6,661,957 3.84 173,646,949 78.78% 4,515
----------- ------------ ------- ----------- ------ ------------ ------- -----------
7 322,852,457 99.94 179,662 0.06 323,032,119 87.35% 5,390
----------- ------------ ------- ----------- ------ ------------ ------- -----------
7* 173,466,412 99.90 179,662 0.10 173,646,074 78.78% 5,390
----------- ------------ ------- ----------- ------ ------------ ------- -----------
8 322,737,025 99.96 122,470 0.04 322,859,495 87.31% 8,919
----------- ------------ ------- ----------- ------ ------------ ------- -----------
8* 173,350,980 99.93 122,470 0.07 173,473,450 78.70% 8,919
----------- ------------ ------- ----------- ------ ------------ ------- -----------
9 322,887,028 99.96 128,081 0.04 323,015,109 87.35% 21,436
----------- ------------ ------- ----------- ------ ------------ ------- -----------
9* 173,500,983 99.93 128,081 0.07 173,629,064 78.77% 21,436
----------- ------------ ------- ----------- ------ ------------ ------- -----------
10 320,332,646 99.17 2,693,549 0.83 323,026,195 87.35% 10,739
----------- ------------ ------- ----------- ------ ------------ ------- -----------
11 322,995,896 99.99 27,209 0.01 323,023,105 87.35% 13,970
----------- ------------ ------- ----------- ------ ------------ ------- -----------
12 319,777,364 99.78 704,392 0.22 320,481,756 86.66% 2,555,752
----------- ------------ ------- ----------- ------ ------------ ------- -----------
13 322,148,972 99.73 866,139 0.27 323,015,111 87.35% 22,398
----------- ------------ ------- ----------- ------ ------------ ------- -----------
14** 91,680,018 61.69 56,932,011 38.31 148,612,029 40.19% 25,038,860
----------- ------------ ------- ----------- ------ ------------ ------- -----------
15 319,951,192 99.05 3,063,926 0.95 323,015,118 87.35% 22,391
----------- ------------ ------- ----------- ------ ------------ ------- -----------
16 317,374,718 98.25 5,641,735 1.75 323,016,453 87.35% 21,055
----------- ------------ ------- ----------- ------ ------------ ------- -----------
17 321,308,147 99.47 1,717,973 0.53 323,026,120 87.35% 11,388
----------- ------------ ------- ----------- ------ ------------ ------- -----------
18 314,865,962 97.48 8,146,706 2.52 323,012,668 87.35% 24,840
----------- ------------ ------- ----------- ------ ------------ ------- -----------
N.B Percentage of Votes cast excludes Withheld Votes and
percentages are calculated to two decimal places
* Following changes to the Listing Rules which took effect in
May 2014, Resolutions 6, 7, 8 and 9 must be approved by a simple
majority of all shareholders and by a simple majority of the
independent shareholders, 6*, 7*, 8* and 9* above sets out the
results of the independent shareholder vote.
** Resolution 14 was put to the AGM as a resolution of the
independent shareholders of the Company. As a result, 220,413,893
of the ordinary shares in issue were eligible to vote on this
Resolution, these shares not being held by Steve Morgan or persons
with whom Mr Morgan is acting in concert (as defined in the City
Code on Takeovers and Mergers) (the "Significant
Shareholders").
*** ISC = Issued Share Capital
The payment date of the dividend approved by Resolution 2 will
be 11 November 2016.
The Board notes that Resolution 14 relating to the approval of
the terms of the Waiver (as defined in the Notice of AGM), received
a vote of 61.69% in favour. The Board values and respects the views
of shareholders. The Board has already consulted with a number of
shareholders and proxy advisor bodies prior to the AGM to discuss
their concerns relating to the Waiver. The Board continues to take
its responsibility to engage with shareholders seriously and will
assess the feedback it has received to inform future
consultations.
Assuming: (i) full use by the Company of the authority to buy
back ordinary shares granted under Resolution 17; (ii) no
participation or other sales of interests in ordinary shares by any
Significant Shareholder in connection with any share repurchases or
otherwise; and (iii) no other person exercising any options or any
other rights to subscribe for ordinary shares, the Significant
Shareholders' maximum potential interest in the ordinary shares
would be as set out in the following table:
Significant Shareholders' Number of ordinary Significant Shareholders'
interests in ordinary shares in issue maximum potential
shares on 9 November on 9 November 2016 interests in ordinary
2016 shares
-------------------------- -------------------- --------------------------
149,386,045 369,799,938 149,386,045
(40.40%) (44.88%)
-------------------------- -------------------- --------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
RAGFSAFLUFMSEIF
(END) Dow Jones Newswires
November 09, 2016 09:59 ET (14:59 GMT)
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