Capita Group (LON:CPI)

Capita Group (LON:CPI)


Share Price
104.50 p
Change
2.5 (2.45 %)
Market Cap
£1,743.68 m
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Capita Group RNS Release

Capita plc - Result of AGM


Capita plc - Result of AGM

PR Newswire

Capita plc

14 May 2019

Announcement of AGM Results

At the Annual General Meeting of Capita plc held on 14 May 2019, all the resolutions set out in the Notice of Meeting were approved by the shareholders which were voted by way of a poll. The results of the poll for each resolution were as follows:

RESOLUTION              VOTES
FOR
% VOTES
AGAINST
% VOTES
TOTAL
% OF
ISC VOTED
VOTES
WITHHELD
1. To receive and adopt the Company’s financial statements and the reports of the Directors and the Auditor for the year ended 31 December 2018. 1,371,571,222 99.99 121,911 0.01 1,371,693,133 82.07% 2,751,546
2. To approve the Directors’ Remuneration Report, other than the part containing the Directors’ Remuneration Policy, in the form set out in the Company’s Annual Report and Accounts for the year ended 31 December 2018. 788,678,927 72.66 296,684,677 27.34 1,085,363,604 64.94% 289,081,075
3. To re-elect Sir Ian Powell as a Director. 1,369,888,420 99.76 3,340,900 0.24 1,373,229,320 82.17% 1,215,359
4. To re-elect Jonathan Lewis as a Director. 1,370,884,197 99.83 2,347,444 0.17 1,373,231,641 82.17% 1,213,039
5. To elect Patrick Butcher as a Director. 1,370,527,859 99.80 2,696,230 0.20 1,373,224,089 82.17% 1,220,591
6. To re-elect Gillian Sheldon as a Director. 1,326,549,951 96.60 46,678,520 3.40 1,373,228,471 82.17% 1,216,209
7. To re-elect Matthew Lester as a Director. 1,326,535,860 96.60 46,693,416 3.40 1,373,229,276 82.17% 1,215,404
8. To re-elect John Cresswell as a Director. 1,325,975,196 96.56 47,254,080 3.44 1,373,229,276 82.17% 1,215,404
9. To re-elect Andrew Williams as a Director. 1,326,290,733 96.58 46,939,100 3.42 1,373,229,833 82.17% 1,214,847
10. To re-elect Baroness Lucy Neville-Rolfe as a Director. 1,326,537,654 96.60 46,686,197 3.40 1,373,223,851 82.17% 1,220,829
11. That remuneration payments to Employee Directors of a basic fee of £64,500 per annum may be paid in respect of their directorships (see Notice of Meeting). 1,373,148,268 99.99 83,711 0.01 1,373,231,979 82.17% 1,212,701
12. To re-appoint KPMG LLP as Auditor of the Company. 1,365,843,405 100.00 61,813 0.00 1,365,905,218 81.73% 8,539,462
13. To authorise the Audit and Risk Committee to fix the Auditor’s remuneration. 1,372,897,431 99.98 336,841 0.02 1,373,234,272 82.17% 1,210,408
14. To authorise the Directors to allot shares pursuant to Section 551 of the Companies Act 2006. 1,373,167,733 99.99 69,634 0.01 1,373,237,367 82.17% 1,207,313
15. To dis-apply statutory pre-emption rights pursuant to Section 570 of the Companies Act 2006 in relation to 5% of the Company’s issued share capital. 1,373,136,751 99.99 98,567 0.01 1,373,235,318 82.17% 1,209,362
16. To approve the calling of a general meeting other than an annual general meeting on not less than 14 clear days’ notice. 1,354,364,107 98.63 18,874,851 1.37 1,373,238,958 82.17% 1,205,722
17. To renew the Company’s authority to make market purchases of its own ordinary shares pursuant to Section 701 of the Companies Act 2006. 1,365,138,015 99.43 7,810,617 0.57 1,372,948,632 82.15% 1,496,048

Please note a ‘vote withheld’ is not a vote under English law and is therefore not included in the calculation of votes ‘for’ and ‘against’ a resolution.

The Board recognises that, while Resolution 2 to approve the Directors’ Remuneration Report was passed, a proportion of shareholders opposed the resolution. We are naturally disappointed with this level of support. Consultations were held with shareholders throughout the year about the direction and strategy of the Company, including the appropriate balance of measures for our 2018 and 2019 incentive arrangements. The views of all shareholders are important to us – and we have engaged with a number of investors to discuss their concerns over remuneration. The Board is committed to a continuing dialogue and consultation with shareholders on remuneration structures, which will continue after the AGM. An update on shareholder views and actions taken by the Company in relation to its remuneration structures will be published within the next six months and included in the 2019 Annual Report & Accounts. Shareholder views will also be sought as the Company develops its new Remuneration Policy which will be put forward for approval at the 2020 AGM in line with the usual triennial cycle.

Capita plc further announces that, in accordance with the provisions of paragraph 9.6.2 of the Listing Rules, copies of resolutions other than those concerning ordinary business passed at the Annual General Meeting, have been submitted to the National Storage Mechanism, and can be viewed at http://www.morningstar.co.uk/uk/nsm

Enquiries:  Francesca Todd, Group Company Secretary, 020 7202 0641

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