Vistry Group PLC - Result of
AGM
At the
Vistry Group PLC ('Company') 2024 Annual General
Meeting ('AGM') held on
Thursday 16 May 2024, all resolutions put to the AGM were voted on
by poll and were passed by shareholders. The results will be
available shortly on the Company's website
www.vistrygroup.co.uk.
In
accordance with Listing Rule 9.6.2, copies of the resolutions that
do not constitute ordinary business at an AGM are being submitted
to the National Storage Mechanism and will shortly be available for
inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
For
information, the results of the poll voting are given
below:
|
RESOLUTION
|
VOTES
FOR
|
%
|
VOTES
AGAINST
|
%
|
VOTES
TOTAL
|
% of ISC
VOTED
|
VOTES
WITHHELD
|
|
1. To receive the audited accounts of the
Company for the year ended 31 December 2023, together with the
Strategic report, Directors' report and the Independent Auditors
report on those accounts.
|
272,692,385
|
100.00%
|
6,605
|
0.00%
|
272,698,990
|
80.09%
|
1,810,743
|
|
2. To approve the
Directors' Remuneration Report.
|
225,643,911
|
82.21%
|
48,819,153
|
17.79%
|
274,463,064
|
80.60%
|
45,230
|
|
3. To re-elect Gregory Paul Fitzgerald as
director of the Company.
|
215,338,067
|
79.28%
|
56,266,730
|
20.72%
|
271,604,797
|
79.76%
|
2,893,834
|
|
4. To re-elect Earl Sibley as a director of
the Company.
|
272,509,240
|
99.29%
|
1,953,219
|
0.71%
|
274,462,459
|
80.60%
|
36,172
|
|
5. To elect Timothy Charles Lawlor as a
director of the Company.
|
273,174,810
|
99.53%
|
1,286,886
|
0.47%
|
274,461,696
|
80.60%
|
36,935
|
|
6. To elect Rowan Clare Baker as a director
of the Company.
|
270,343,065
|
98.50%
|
4,119,594
|
1.50%
|
274,462,659
|
80.60%
|
36,201
|
|
7. To re-elect Margaret Christine Browne as
a director of the Company.
|
255,181,947
|
93.69%
|
17,175,868
|
6.31%
|
272,357,815
|
79.99%
|
2,149,148
|
|
8. To elect Helen Owers as a director of the
Company.
|
271,845,008
|
99.05%
|
2,607,775
|
0.95%
|
274,452,783
|
80.60%
|
54,137
|
|
9. To elect Paul William Whetsell as a
director of the Company.
|
258,793,128
|
94.30%
|
15,652,257
|
5.70%
|
274,445,385
|
80.60%
|
60,365
|
|
10.
To elect Usman Shamshad Nabi as a director of the
Company.
|
268,603,263
|
97.87%
|
5,839,214
|
2.13%
|
274,442,477
|
80.60%
|
63,316
|
|
11.
To elect Robert Woodward as a director of the Company.
|
274,320,127
|
99.96%
|
122,574
|
0.04%
|
274,442,701
|
80.60%
|
63,092
|
|
12.
To elect Alice Woodwark as a director of the Company.
|
274,417,755
|
99.99%
|
26,080
|
0.01%
|
274,443,835
|
80.60%
|
61,958
|
|
13.
To re-appoint PricewaterhouseCoopers LLP as auditors of the
Company.
|
273,107,943
|
99.50%
|
1,363,568
|
0.50%
|
274,471,511
|
80.61%
|
37,259
|
|
14.
To authorise the Audit Committee (for and on behalf of the Board of
Directors) to determine the remuneration of the
auditors.
|
274,458,784
|
99.99%
|
18,348
|
0.01%
|
274,477,132
|
80.61%
|
32,805
|
|
15. To authorise the Company
to make Political Donations.
|
265,715,810
|
97.15%
|
7,796,544
|
2.85%
|
273,512,354
|
80.32%
|
997,710
|
|
16. Authority to allot
shares.
|
271,896,165
|
99.06%
|
2,583,103
|
0.94%
|
274,479,268
|
80.61%
|
30,782
|
|
17.
Authority to dis-apply pre-emption rights.
|
262,533,234
|
95.65%
|
11,938,850
|
4.35%
|
274,472,084
|
80.61%
|
36,686
|
|
18.
Additional authority to disapply pre-emption rights.
|
261,197,616
|
95.16%
|
13,274,262
|
4.84%
|
274,471,878
|
80.61%
|
36,855
|
|
19.
That a general meeting other than an Annual General Meeting may be
called on not less than 14 clear days' notice.
|
270,421,093
|
98.52%
|
4,055,109
|
1.48%
|
274,476,202
|
80.61%
|
32,568
|
|
20.
Authority to purchase own shares.
|
271,742,067
|
99.16%
|
2,305,058
|
0.84%
|
274,047,125
|
80.48%
|
460,932
|
The issued
share capital at the date of the AGM was 340,617,529 ordinary
shares of 50p each with 726,698 shares held in Treasury. Therefore,
the total voting rights of the Company is 339,890,831.
A 'vote
withheld' is not a vote in law and has not been counted in the
calculation of votes for and against.
Board response to Resolution
3 - To re-elect Gregory Paul Fitzgerald
While
pleased that all proposals at the AGM were supported by a
significant majority of shareholders, the Board notes that more
than 20% of votes were cast against Resolution 3. The Board has
actively engaged with shareholders over the course of the last year
in respect of a range of corporate governance matters and has a
detailed understanding of shareholder views. In the months ahead,
we will continue to engage with shareholders and, in line with the
guidance of the UK Corporate Governance Code, the Company will
publish an update on the outcome of those engagements within six
months of today's AGM.
Appointment of Rob Woodward
and Alice Woodwark
The Board
is pleased to confirm the appointments of Rob Woodward and Alice
Woodwark following their successful elections at the Company's 2024
AGM.
Rob
Woodward will join the Board as the Senior Independent Director. He
is currently Chair of Court at Glasgow Caledonian University and
Chair of listed marketing analytics provider, Ebiquity plc. Rob was
also recently appointed as Chair of Lumi Gruppen.
Alice
Woodward will join the Board as an Independent Non-Executive
Director.