TIDMCAPC
RNS Number : 3815E
Capital & Counties Properties Plc
05 May 2017
5 May 2017
CAPITAL & COUNTIES PROPERTIES PLC (the "Company")
RESOLUTIONS PASSED AT 2017 ANNUAL GENERAL MEETING
The results of the voting by poll on the resolutions put to the
Company's Annual General Meeting held today are as follows:
Resolutions For: % Against: % Total % of Withheld:
votes issued
cast: share
capital
------------------------- ------------ ------- ------------ ------ ------------ --------- ----------
1. To receive
the accounts
and reports
of the Directors
and the Auditors
for the year
ended 31 December
2016 666,574,329 100.00 4,145 0.00 668,765,665 79.04 2,187,191
------------------------- ------------ ------- ------------ ------ ------------ --------- ----------
2. To declare
a final dividend
of 1 pence per
ordinary share 666,167,638 99.66 2,304,774 0.34 668,765,665 79.04 293,253
------------------------- ------------ ------- ------------ ------ ------------ --------- ----------
3. To re-elect
Ian Durant as
a Director 653,835,914 98.07 12,881,473 1.93 668,765,665 79.04 2,048,278
------------------------- ------------ ------- ------------ ------ ------------ --------- ----------
4. To re-elect
Ian Hawksworth
as a Director 665,033,723 99.51 3,251,881 0.49 668,765,665 79.04 480,061
------------------------- ------------ ------- ------------ ------ ------------ --------- ----------
5. To elect
Situl Jobanputra
as a Director 666,775,243 99.75 1,677,738 0.25 668,765,665 79.04 312,684
------------------------- ------------ ------- ------------ ------ ------------ --------- ----------
6. To re-elect
Gary Yardley
as a Director 667,511,399 99.86 943,084 0.14 668,765,665 79.04 311,182
------------------------- ------------ ------- ------------ ------ ------------ --------- ----------
7. To re-elect
Graeme Gordon
as a Director 664,302,307 99.38 4,150,674 0.62 668,765,665 79.04 312,684
------------------------- ------------ ------- ------------ ------ ------------ --------- ----------
8. To re-elect
Gerry Murphy
as a Director 668,269,286 99.97 192,065 0.03 668,765,665 79.04 304,314
------------------------- ------------ ------- ------------ ------ ------------ --------- ----------
9. To re-elect
Demetra Pinsent
as a Director 668,268,394 99.97 192,957 0.03 668,765,665 79.04 304,314
------------------------- ------------ ------- ------------ ------ ------------ --------- ----------
10. To re-elect
Henry Staunton
as a Director 668,253,003 99.97 208,348 0.03 668,765,665 79.04 304,314
------------------------- ------------ ------- ------------ ------ ------------ --------- ----------
11. To re-elect
Andrew Strang
as a Director 668,245,310 99.97 217,543 0.03 668,765,665 79.04 302,812
------------------------- ------------ ------- ------------ ------ ------------ --------- ----------
12. To re-elect
Anthony Steains
as a Director 668,269,667 99.97 192,619 0.03 668,765,665 79.04 303,379
------------------------- ------------ ------- ------------ ------ ------------ --------- ----------
13. To re-appoint
PricewaterhouseCoopers
LLP as Auditors 663,811,173 99.99 36,303 0.01 668,765,665 79.04 4,918,189
------------------------- ------------ ------- ------------ ------ ------------ --------- ----------
14. To authorise
the Directors
to determine
the Auditors'
remuneration 668,459,603 100.00 12,799 0.00 668,765,665 79.04 293,263
------------------------- ------------ ------- ------------ ------ ------------ --------- ----------
15. To approve
the Directors'
Remuneration
Policy for the
year ended 31
December 2016 650,133,456 97.63 15,774,537 2.37 668,765,664 79.04 2,857,671
------------------------- ------------ ------- ------------ ------ ------------ --------- ----------
16. To approve
the Directors'
Remuneration
Report for the
year ended 31
December 2016
(other than
the Remuneration
Policy) 659,192,161 98.65 9,000,884 1.35 668,765,574 79.04 572,529
------------------------- ------------ ------- ------------ ------ ------------ --------- ----------
17. To authorise
the Directors
to offer newly
issued shares,
instead of cash
in respect of
any dividends
declared 579,736,923 86.73 88,726,895 13.27 668,765,665 79.04 301,847
------------------------- ------------ ------- ------------ ------ ------------ --------- ----------
18. To authorise
the Directors
to allot the
unissued share
capital up to
a specified
amount (s.551)
(Companies Act
2006) 372,211,794 55.68 296,239,570 44.32 668,765,665 79.04 314,301
------------------------- ------------ ------- ------------ ------ ------------ --------- ----------
19. Special
Resolution:
To disapply
pre-emption
provisions of
s.561(1) of
the Companies
Act up to a
specified amount 532,128,635 79.61 136,315,090 20.39 668,765,665 79.04 321,940
------------------------- ------------ ------- ------------ ------ ------------ --------- ----------
20. Special
Resolution:
To authorise
the Company
to purchase
its own shares 655,355,262 98.04 13,115,107 1.96 668,765,665 79.04 295,296
------------------------- ------------ ------- ------------ ------ ------------ --------- ----------
21. Special
Resolution:
To allow General
Meetings (other
than AGMs) to
be held on 14
clear days'
notice 629,678,494 94.20 38,783,737 5.80 668,765,664 79.04 303,433
------------------------- ------------ ------- ------------ ------ ------------ --------- ----------
22. To approve
the rules of
the Performance
Share Plan 2017
and authorise
the Directors
to carry into
effect 557,506,962 83.62 109,209,429 16.38 668,765,664 79.04 2,049,273
------------------------- ------------ ------- ------------ ------ ------------ --------- ----------
Notes:
1. Any proxy appointments which gave discretion to the Chairman
have been included in the 'for' total.
2. A 'vote withheld' is not a vote in law and is not counted in
the calculation of the proportion of the votes for or against a
resolution.
3. Total voting rights of shares in issue: 846,123,217. Every
shareholder has one vote for every ordinary share held.
Following the approval of the 2016 final dividend, it is
confirmed that the scrip dividend alternative will be offered to
shareholders in respect of the dividend.
The Board notes that, although resolutions 18 and 19 were passed
with the requisite majorities, 44.32% and 20.39% respectively of
votes received were against each resolution. This voting outcome
reflects differing market practice between the UK and South Africa.
As a UK premium listed company, the Board considers it appropriate
to seek authorities in line with the Investment Association's Share
Capital Management Guidelines, to allow the Company to respond to
market developments and to enable allotments to take place to
finance business opportunities as they arise. However, market
practice for South African institutional shareholders is to vote on
proposed allotments of shares on a case by case basis.
In accordance with paragraph 9.6.2 of the Listing Rules, copies
of the resolutions passed at the meeting, other than resolutions
concerning ordinary business, have been submitted to the National
Storage Mechanism and will shortly be available for inspection at:
http://www.morningstar.co.uk/uk/NSM
Enquiries:
Ruth Pavey
Company Secretary
Telephone +44 20 3214 9184
This information is provided by RNS
The company news service from the London Stock Exchange
END
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