Mears Grp PLC - Result of AGM
RNS Number : 7811L
Mears Group PLC
17 May 2022
 

17 May 2022

Mears Group PLC

("Mears")

 

Result of AGM

 

Mears Group PLC held its Annual General Meeting ("AGM") earlier today.

 

In summary, all resolutions were duly passed on a poll. The results of each resolution are as follows:

 

Resolution 

Votes For

Votes Against

Votes withheld

Total votes cast

Percentage of issued share capital voted (%)

1 To receive and adopt the Directors' and Auditor's Reports and Audited Accounts for the year ended 31 December 2021

90,854,578

21,581

406,223

90,876,159

81.9%

2 To approve the Remuneration report

84,282,609

6,989,739

10,034

91,272,348

82.3%

3 To re-appoint Ernst & Young LLP as auditor of the Company

90,856,691

425,181

510

91,281,872

82.3%

4 To authorise the Directors to fix the remuneration of the auditor

91,255,707

26,307

368

91,282,014

82.3%

5 To approve a final dividend of 5.5p per ordinary share

91,277,097

5,134

151

91,282,231

82.3%

6 To re-elect Kieran Murphy

80,410,552

10,870,601

1,229

91,281,153

82.3%

7 To re-elect David Miles

90,871,410

409,743

1,229

91,281,153

82.3%

8 To re-elect Andrew Smith

83,061,020

8,220,133

1,229

91,281,153

82.3%

9 To re-elect Alan Long

81,152,394

10,128,759

1,229

91,281,153

82.3%

10 To re-elect Julia Unwin

80,739,473

10,541,874

1,035

91,281,347

82.3%

11 To re-elect Jim Clarke

81,116,332

10,164,821

1,229

91,281,153

82.3%

12 To re-elect Chris Loughlin

90,459,572

821,581

1,229

91,281,153

82.3%

13 To re-elect Claire Gibbard

81,144,512

10,136,835

1,035

91,281,347

82.3%

14 To elect Angela Lockwood

91,233,955

47,392

1,035

91,281,347

82.3%

15 To authorise the Directors to allot relevant securities generally pursuant to Section 551 of the Companies Act 2006

84,697,957

6,584,425

-

91,282,382

82.3%

16 To authorise the Directors to allot relevant securities pursuant to Section 570 of the Companies Act 2006 in connection with a rights issue, open offer or other offer of securities

91,243,914

37,282

1,186

91,281,196

82.3%

17 To authorise the Company to make market purchases of its

ordinary shares

90,743,364

398,304

140,714

91,141,668

82.1%

18 To authorise the holding of general meetings on 14 clear days' notice

84,384,235

6,895,996

2,151

91,280,231

82.3%

 

Notes:

 

(i)            Votes 'For' include those votes giving the Chairman discretion.

(ii)           The number of ordinary shares in issue on 17 May 2022 was 110,953,774.  Shareholders are entitled to one vote per share.

(iii)          A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes validly cast.

 

Full details of the resolutions are set out in the Notice of Annual General Meeting dated 13 April 2022, which is available on the Company's website at https://www.mearsgroup.co.uk/meetings-voting/2022-notice-of-annual-general-meeting.

 

Resolutions 1 to 15 were ordinary resolutions, requiring more than 50% of shareholders' votes to be cast in favour of the resolutions. Resolutions 16 to 18 were special resolutions, requiring at least 75% of shareholders' votes to be cast in favour of the resolutions.

 

The Board is pleased that all resolutions have been approved by shareholders at the 2022 AGM.

 

A copy of all the resolutions passed at the Annual General Meeting has been submitted to the Financial Conduct Authority via the National Storage Mechanism and will shortly be available for inspection.

 

For further information, contact:

 

Mears Group PLC

Ben Westran, Company Secretary                                                    Tel: +44(0)1452 634600

Andrew Smith, Finance Director                                                       Tel: +44(0)7712 866 461

www.mearsgroup.co.uk

 

Notes for editors

 

Mears is the leading provider of services to the Affordable Housing sector in the UK: responsible for the maintenance of c.10% of the UK's social housing stock; and managing over 10,000 homes for local and central government.

Mears currently employs around 5,500 people and provides services in every region of the UK. In partnership with our Housing clients, we maintain, repair and upgrade the homes of hundreds of thousands of people in communities from remote rural villages to large inner-city estates. Mears has extended its activities to provide broader housing solutions to solve the challenge posed by the lack of affordable housing and to provide accommodation and support for the most vulnerable.

 

We focus on long-term outcomes for people rather than short-term solutions and invest in innovations that have a positive impact on people's quality of life and on their communities' social, economic and environmental wellbeing. Our innovative approaches and market leading positions are intended to create value for our customers and the people they serve while also driving sustainable financial returns for our providers of capital, especially our shareholders.

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