TIDMSMWH

RNS Number : 9995Y

WH Smith PLC

19 January 2022

19 January 2022

WH SMITH PLC

Result of Annual General Meeting

All resolutions approved

WH Smith PLC held its Annual General Meeting for shareholders at 11.30am today, 19 January 2022. The following table shows the results of the poll on all 18 resolutions:

 
 Resolution                         Votes            %       Votes Against        %         Votes Total     % of ISC      Votes 
                                     For                                                                      Voted      Withheld 
      To receive the reports 
 1    and accounts             109 , 734 , 659   99 . 99 %      6 , 611       0 . 01 %    109 , 741 , 270   83 . 83 %   2,998,707 
     -----------------------  ================  ==========  ===============  ==========  ================  ==========  =========== 
      To approve the 
 2    remuneration report      52 , 332 , 420    54 . 40 %   43 , 861 , 419   45 . 60 %   96 , 193 , 839    73 . 48 %   16,546,138 
     -----------------------  ================  ==========  ===============  ==========  ================  ==========  =========== 
      To approve the 
 3    remuneration policy      99 , 470 , 149    88 . 36 %   13 , 100 , 796   11 . 64 %   112 , 570 , 945   85 . 99 %    169,032 
     -----------------------  ================  ==========  ===============  ==========  ================  ==========  =========== 
 4    To elect Kal Atwal       112 , 125 , 417   99 . 59 %     466 , 586      0 . 41 %    112 , 592 , 003   86 . 01 %    147,974 
     -----------------------  ================  ==========  ===============  ==========  ================  ==========  =========== 
      To re-elect Carl 
 5    Cowling                  106 , 486 , 091   94 . 58 %   6 , 106 , 398    5 . 42 %    112 , 592 , 489   86 . 01 %    147,488 
     -----------------------  ================  ==========  ===============  ==========  ================  ==========  =========== 
      To re-elect Nicky 
 6    Dulieu                   111 , 106 , 840   98 . 68 %   1 , 487 , 201    1 . 32 %    112 , 594 , 041   86 . 01 %    145,936 
     -----------------------  ================  ==========  ===============  ==========  ================  ==========  =========== 
      To re-elect Simon 
 7    Emeny                    112 , 051 , 313   99 . 52 %     542 , 992      0 . 48 %    112 , 594 , 305   86 . 01 %    145,672 
     -----------------------  ================  ==========  ===============  ==========  ================  ==========  =========== 
      To re-elect Robert 
 8    Moorhead                 109 , 698 , 595   97 . 63 %   2 , 657 , 925    2 . 37 %    112 , 356 , 520   85 . 83 %    383,457 
     -----------------------  ================  ==========  ===============  ==========  ================  ==========  =========== 
      To re-elect Henry 
 9    Staunton                 103 , 686 , 736   92 . 09 %   8 , 906 , 927    7 . 91 %    112 , 593 , 663   86 . 01 %    146,314 
     -----------------------  ================  ==========  ===============  ==========  ================  ==========  =========== 
      To re-elect Maurice 
 10   Thompson                 44 , 070 , 497    78 . 20 %   12 , 286 , 760   21 . 80 %   56 , 357 , 257    43 . 05 %   56,382,720 
     -----------------------  ================  ==========  ===============  ==========  ================  ==========  =========== 
      To re-appoint 
      PricewaterhouseCoopers 
 11   LLP as auditors          112 , 052 , 885   99 . 52 %     541 , 821      0 . 48 %    112 , 594 , 706   86 . 01 %    145,271 
     -----------------------  ================  ==========  ===============  ==========  ================  ==========  =========== 
 12   To authorise the Audit   112 , 260 , 672   99 . 70 %     336 , 346      0 . 30 %    112 , 597 , 018   86 . 01 %    142,959 
      Committee of the Board 
      to determine the 
      auditors' remuneration 
     -----------------------  ================  ==========  ===============  ==========  ================  ==========  =========== 
      Authority to make 
 13   political donations      109 , 367 , 256   97 . 66 %   2 , 622 , 201    2 . 34 %    111 , 989 , 457   85 . 55 %    750,328 
     -----------------------  ================  ==========  ===============  ==========  ================  ==========  =========== 
      Authority to allot 
 14   shares                   108 , 183 , 782   96 . 10 %   4 , 394 , 052    3 . 90 %    112 , 577 , 834   86 . 00 %    162,143 
     -----------------------  ================  ==========  ===============  ==========  ================  ==========  =========== 
 15   Authority to disapply    109 , 380 , 042   99 . 66 %     371 , 224      0 . 34 %    109 , 751 , 266   83 . 84 %   2,988,711 
      pre-emption rights 
     -----------------------  ================  ==========  ===============  ==========  ================  ==========  =========== 
 16   Authority to disapply    100 , 256 , 399   91 . 34 %   9 , 502 , 932    8 . 66 %    109 , 759 , 331   83 . 84 %   2,980,646 
      pre-emption rights up 
      to a further 5 per 
      cent for acquisitions 
      or specified 
      capital investments 
     -----------------------  ================  ==========  ===============  ==========  ================  ==========  =========== 
 17   Authority to make        111 , 422 , 764   99 . 60 %     443 , 067      0 . 40 %    111 , 865 , 831   85 . 45 %    874,146 
      market purchases of 
      ordinary shares 
     -----------------------  ================  ==========  ===============  ==========  ================  ==========  =========== 
 18   Authority to call        110 , 629 , 109   98 . 25 %   1 , 969 , 016    1 . 75 %    112 , 598 , 125   86 . 01 %    141,852 
      general meetings on 14 
      clear days' notice 
     -----------------------  ================  ==========  ===============  ==========  ================  ==========  =========== 
 

Notes

   1.     Votes "for" and "against" are expressed as a percentage of votes received. 

2. A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "for" and "against" a resolution.

3. At the date of the AGM the issued share capital of the Company is 130,909,807 ordinary shares.

Resolution 2 - Advisory Vote on Directors' remuneration report

The Board notes the results of the advisory vote on the Directors' Remuneration Report, which has been supported by the majority of the Company's shareholders. The Remuneration Committee has already conducted an extensive consultation with the Company's largest shareholders regarding the Remuneration Report and the Company's new Remuneration Policy. The new Chair of the Remuneration Committee, Marion Sears, looks forward to continuing the Company's constructive discussions with shareholders, following her appointment, over the coming months.

The Board will report on any actions resulting from those discussions in due course.

Resolution 10 - re-election of Maurice Thompson as a director of the Company

The Board notes that Maurice Thompson's re-election to the Board was supported by the majority of the Company's shareholders. The Board has already engaged with a number of the Company's largest shareholders with regard to Maurice Thompson's position as a director of the Company. The Board will continue its ongoing dialogue with shareholders and consult as appropriate to fully understand any additional concerns in relation to this resolution.

Board changes

As previously announced, Annemarie Durbin did not stand for re-election at the AGM. As announced on 28 October 2021, Marion Sears will join the Board as a non-executive director and Chair of the Remuneration Committee with effect from 1 February 2022.

In accordance with paragraph 9.6.2 of the Listing Rules, a copy of the resolutions passed as special business at the AGM have been submitted to the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

I Houghton

Company Secretary

-Ends-

Enquiries:

WH Smith PLC

   Mark Boyle                          Investor Relations                07879 897687 
   Nicola Hillman                     Media Relations                   01793 563354 

Brunswick

   Tim Danaher                                                                     020 7404 5959 

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

RAGQKLFFLFLBBBB

(END) Dow Jones Newswires

January 19, 2022 11:02 ET (16:02 GMT)

Wh Smith (LSE:SMWH)
Graphique Historique de l'Action
De Fév 2024 à Mar 2024 Plus de graphiques de la Bourse Wh Smith
Wh Smith (LSE:SMWH)
Graphique Historique de l'Action
De Mar 2023 à Mar 2024 Plus de graphiques de la Bourse Wh Smith