leadf
logo-loader
RNS
viewFerguson PLC

Ferguson PLC - Result of AGM

RNS Number : 4697H
Ferguson PLC
03 December 2020
 

ANNUAL GENERAL MEETING: RESOLUTIONS 

 

Ferguson plc (the "Company") is pleased to announce that, at its AGM held earlier today, shareholders passed each of the ordinary and special resolutions by the requisite majorities on a poll.  The full text of each resolution is contained in the Notice of Annual General Meeting, which is available on the Company's website, www.fergusonplc.com.  

 

The total number of votes cast for each resolution is set out in the table below. Resolutions 1 to 16 (inclusive) are ordinary resolutions and resolutions 17,18 and 19 are special resolutions.

 

Resolution

For

%*

Against

%*

Votes Total

% Votes cast**

Votes Withheld***

1. To receive the Company's Annual Report and Accounts

172,490,160

99.86

240,581

0.14

172,730,741

76.76

1,786,190

2. To approve the Directors' Remuneration Report

130,138,075

78.15

36,394,884

21.85

166,532,959

74.00

7,983,971

3. To declare a final dividend

174,473,053

99.98

31,535

0.02

174,504,588

77.54

12,343

4. To elect Bill Brundage

173,646,689

99.51

851,590

0.49

174,498,279

77.54

18,652

5. To re-elect Tessa Bamford

169,964,439

97.40

4,532,662

2.60

174,497,101

77.54

19,829

6. To re-elect Geoff Drabble

166,075,905

97.82

3,698,167

2.18

169,774,072

75.44

4,742,859

7. To re-elect Catherine Halligan

172,971,390

99.13

1,526,467

0.87

174,497,857

77.54

19,074

8. To re-elect Kevin Murphy

173,928,219

99.72

496,499

0.28

174,424,718

77.51

92,213

9. To re-elect Alan Murray

172,735,653

98.99

1,762,447

1.01

174,498,100

77.54

18,831

10.To re-elect Tom Schmitt

172,836,809

99.05

1,661,591

0.95

174,498,400

77.54

18,531

11. To re-elect Nadia Shouraboura

173,320,798

99.33

1,177,190

0.67

174,497,988

77.54

18,943

12. To re-elect Jacqueline Simmonds

172,013,973

98.58

2,484,463

1.42

174,498,436

77.54

18,494

13. To appoint Deloitte LLP as auditors

172,799,108

99.97

44,332

0.03

172,843,440

76.81

1,673,491

14. To authorise the Audit Committee to agree the auditor's remuneration

174,401,793

99.94

101,992

0.06

174,503,785

77.54

13,146

15. Authority of limited political expenditure and political donations

173,028,574

99.16

1,471,723

0.84

174,500,297

77.54

16,634

16. Authority to allot securities

160,884,450

92.19

13,623,799

7.81

174,508,249

77.55

8,682

17. Authority to disapply pre-emption rights

173,736,573

99.97

51,325

0.03

173,787,898

77.23

729,033

18. Additional authority to disapply pre-emption rights for specified capital investment

171,689,030

98.79

2,098,856

1.21

173,787,886

77.23

729,045

19. Authority to purchase own shares

171,311,668

98.20

3,132,688

1.80

174,444,356

77.52

72,574

  

*           percentage of votes cast excludes withheld votes

**          percentage of issued share capital (excluding 7,130,773 treasury shares)

***        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

 

 

As at December 1, 2020, the Company:

 

(i)  had 232,171,182 issued ordinary shares of 10 pence, each ordinary share having one vote;

 

(ii) held 7,130,773 ordinary shares in treasury. The voting rights of treasury shares are automatically suspended;  and

 

(iii)   accordingly, had total voting rights of 225,040,409

 

 

Resolution 2 (Remuneration Report)

 

Ferguson has engaged with its shareholders throughout the year on its remuneration policies and is disappointed that a significant minority of shareholders voted against the remuneration report. 

 

In light of the AGM vote the Company will consult with shareholders in the months ahead to listen carefully to their views and any concerns ahead of making remuneration decisions for the financial year ending July 31, 2021. 

 

 

For further information please contact:  

 

Graham Middlemiss, Group Company Secretary

+44 (0) 118 927 3800

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 [email protected] 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
 
 
RAGFXLFBBLLXFBK

Quick facts: Ferguson PLC

Price: -

Market: LSE
Market Cap: -
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

6 min read