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Kingfisher plc provided an update on December 7, 2023, regarding its Annual General Meeting held on June 27, 2023, where all resolutions passed. The company reported that 21.54% of votes were cast against Resolution 19, which concerned authority to disapply pre-emption rights for an additional ten percent. Kingfisher plc consulted with major shareholders who, as a matter of policy, do not support resolutions granting a general authority to disapply pre-emption rights without further approval.
| Date | 7 Dec 2023 |
| Time | 12:00:01 |
| Category | AGMs and other meetings |
| ID | 0505W |
KINGFISHER PLC
2023 AGM VOTING UPDATE STATEMENT
Kingfisher plc (the 'Company') today provides an update regarding the results of the Annual General Meeting (the 'AGM'), held on 27 June 2023, at which all resolutions were passed by poll with the requisite majority.
The Board notes that there were 21.54% of votes cast against Resolution 19 (Authority to disapply pre-emption rights for an additional ten percent).
In accordance with Provision 4 of the UK Corporate Governance Code, the Company has consulted with its major shareholders and understands that some, as a matter of policy, do not support resolutions giving companies a general authority to disapply pre-emption rights without further approval from shareholders. The Board notes that the authorities requested are, however, consistent with the Pre-Emption Group's Statement of Principles.
The Company will continue to engage with shareholders on this matter ahead of the Company's AGM in 2024 and when determining the appropriate levels of share allotment authority to seek.
CONTACT
For further information, please contact:
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Investor Relations |
Tel: +44 (0) 20 7644 1082 |
Email: |
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Media Relations |
+44 (0) 20 7644 1030 |
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Teneo |
+44 (0) 20 7420 3184 |