13:30 Thu 14 May 2020
Next PLC - Result of AGM
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Rowbell PR |
Tel: 020 7717 5239 |
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Email: next@rowbellpr.com |
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Photographs: |
Photographs available at: http://press.next.co.uk/media/company-images/campaignimages.aspx |
Results of 2020 Annual General Meeting ("AGM")
The Board of
All resolutions were put to the meeting and approved on a poll and results are detailed below.
The total number of shares on the register at
|
|
For |
Against |
TOTAL VOTES CAST |
% of shares on register at |
Votes withheld1 |
||
Resolution |
Special / Ordinary |
No. of Votes |
% |
No. of Votes |
% |
No. of Votes |
% |
No. of Votes |
1 To receive and adopt the accounts and reports of the directors and auditor |
Ordinary |
101,107,641 |
100.0% |
773 |
0.0% |
101,108,414 |
76.05% |
227,830 |
2 To adopt the Remuneration Policy |
Ordinary |
92,690,078 |
91.82% |
8,252,433 |
8.18% |
100,942,511 |
75.93% |
393,732 |
3 To approve the Remuneration report |
Ordinary |
96,952,432 |
97.03% |
2,964,177 |
2.97% |
99,916,609 |
75.15% |
1,419,634 |
4 To re-elect |
Ordinary |
98,475,535 |
97.33% |
2,696,361 |
2.67% |
101,171,896 |
76.10% |
164,347 |
5 To re-elect |
Ordinary |
100,525,541 |
99.36% |
646,624 |
0.64% |
101,172,165 |
76.10% |
164,079 |
6 To re-elect |
Ordinary |
99,722,096 |
98.57% |
1,450,063 |
1.43% |
101,172,159 |
76.10% |
164,084 |
7 To re-elect |
Ordinary |
100,264,827 |
99.10% |
907,216 |
0.90% |
101,172,043 |
76.10% |
164,200 |
8 To re-elect |
Ordinary |
89,187,316 |
89.66% |
10,283,486 |
10.34% |
99,470,802 |
74.82% |
1,865,441 |
9 To re-elect |
Ordinary |
98,012,612 |
96.94% |
3,092,043 |
3.06% |
101,104,655 |
76.05% |
231,588 |
10 To re-elect |
Ordinary |
100,433,259 |
99.27% |
741,992 |
0.73% |
101,175,251 |
76.10% |
160,992 |
11 To re-elect Dame |
Ordinary |
100,625,877 |
99.46% |
545,139 |
0.54% |
101,171,016 |
76.10% |
165,228 |
12 To re-elect |
Ordinary |
100,506,243 |
99.34% |
670,280 |
0.66% |
101,176,523 |
76.10% |
159,721 |
13 To re-appoint |
Ordinary |
101,138,671 |
99.96% |
37,893 |
0.04% |
101,176,564 |
76.10% |
159,680 |
14 To authorise the Audit Committee to set the auditor's remuneration |
Ordinary |
101,134,044 |
99.96% |
43,221 |
0.04% |
101,177,265 |
76.10% |
158,979 |
15 To authorise the directors to amend the rules of the Next LTIP |
Ordinary |
98,389,678 |
97.25% |
2,781,351 |
2.75% |
101,171,029 |
76.10% |
165,215 |
16 To extend the Next SMP |
Ordinary |
96,776,834 |
95.66% |
4,394,235 |
4.34% |
101,171,069 |
76.10% |
165,175 |
17 To extend the Next Sharesave Plan |
Ordinary |
100,560,711 |
99.40% |
611,772 |
0.60% |
101,172,483 |
76.10% |
163,761
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18 To extend the Next MSOP |
Ordinary |
100,573,749 |
99.41% |
597,084 |
0.59% |
101,170,833 |
76.10% |
165,411 |
19 Directors' authority to allot shares |
Ordinary |
96,957,358 |
95.83% |
4,216,648 |
4.17% |
101,174,006 |
76.10% |
162,238 |
20 General authority to disapply pre-emption rights |
Special |
101,119,365 |
99.95% |
51,815 |
0.05% |
101,171,180 |
76.10% |
165,064 |
21 Additional authority to disapply pre-emption rights |
Special |
98,633,784 |
97.49% |
2,536,676 |
2.51% |
101,170,460 |
76.10% |
165,784 |
22 Authority for on-market purchase of own shares |
Special |
98,956,361 |
97.86% |
2,168,873 |
2.14% |
101,125,234 |
76.06% |
211,009 |
232 Authority for off-market purchases of own shares |
Special |
98,653,832 |
97.56% |
2,470,722 |
2.44% |
101,124,554 |
76.06% |
211,689 |
Less votes disregarded under the provisions of the Companies Act 2006 |
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(3,000,000) |
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(3,000,000) |
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Resolution 23 total |
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95,653,8322 |
97.48% |
2,470,722 |
2.52% |
98,124,554 |
73.81% |
211,689 |
24 To increase the Company's borrowing powers |
Special |
93,726,546 |
92.64% |
7,440,865 |
7.36% |
101,167,411 |
76.09% |
168,833 |
25 To adopt new articles of association |
Special |
101,158,861 |
100.0% |
4,561 |
0.0% |
101,163,422 |
76.09% |
172,822 |
26 Notice period of general meetings |
Special |
96,031,957 |
94.92% |
5,144,260 |
5.08% |
101,176,217 |
76.10% |
160,026 |
Note1: The 'Vote Withheld' option is provided to enable the shareholder to abstain on any resolution. It is not a vote in law and is not counted in the calculation of the proportion of votes for and against a resolution.
Note2: The total maximum number of Ordinary Shares which may be purchased by Next for cancellation pursuant to such contingent purchase contracts is 3.0 million. Next has disregarded 3.0 million votes from both the total number of votes cast in favour of the resolution and the total votes cast so that the voting of those shares did not affect the result of the poll.
In accordance with LR 9.6.2 and 9.2.6ER(1), a copy of resolutions passed as special business along with the new articles of association will be submitted as soon as practicable to the National Storage Mechanism and will be available shortly for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
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