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| Date | 13 Jun 2024 |
| Time | 11:09:28 |
| Category | AGMs and other meetings |
| ID | 3448S |
13 June 2024
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 THAT the audited accounts for the year ended 31 December 2023, together with the Directors' and Auditor's Reports thereon, be received and adopted. |
62,626,778 |
4,567 |
539,135 |
62,631,345 |
65.16% |
|
2 THAT the annual report on remuneration contained on pages 87 to 96 of the Annual Report and Accounts for the financial year ended 31 December 2023, be approved. |
62,743,858 |
418,395 |
8,227 |
63,162,253 |
65.72% |
|
3 THAT PricewaterhouseCoopers LLP ("PwC") be appointed as auditor of the Company. |
62,780,109 |
382,762 |
7,609 |
63,162,871 |
65.72% |
|
4 THAT the Directors be authorised to fix the remuneration of the auditor. |
63,164,570 |
5,610 |
300 |
63,170,180 |
65.72% |
|
5 THAT a final dividend of 9.30p per ordinary share for the year ended 31 December 2023 be declared payable on 16 July 2024 to all members whose names appear on the Company's register of members as at 28 June 2024. |
63,170,180 |
- |
300 |
63,170,180 |
65.72% |
|
6 THAT Jim Clarke be re-elected as a Director. |
58,883,730 |
3,911,749 |
375,001 |
62,795,479 |
65.33% |
|
7 THAT Lucas Critchley be re-elected as a Director. |
62,720,053 |
75,427 |
375,000 |
62,795,480 |
65.33% |
|
8 THAT Andrew Smith be re-elected as a Director. |
62,260,302 |
535,178 |
375,000 |
62,795,480 |
65.33% |
|
9 THAT Julia Unwin be re-elected as a Director. |
56,418,363 |
6,377,116 |
375,001 |
62,795,479 |
65.33% |
|
10 THAT Angela Lockwood be re-elected as a Director. |
61,989,439 |
803,540 |
377,501 |
62,792,979 |
65.33% |
|
11 THAT Nick Wharton be elected as a Director. |
62,788,671 |
378,309 |
3,500 |
63,166,980 |
65.72% |
|
12 THAT the Board be and is hereby generally and unconditionally authorised pursuant to Section 551 of the Companies Act 2006 (the 'Act') to exercise all the powers of the Company to allot shares in the Company. |
57,174,408 |
5,995,072 |
1,000 |
63,169,480 |
65.72% |
|
13 THAT, subject to the passing of Resolution 12, the Board be and is hereby authorised, pursuant to Section 570 of the Act, to allot equity securities. |
62,730,171 |
65,309 |
375,000 |
62,795,480 |
65.33% |
|
14 THAT the Company be generally and unconditionally authorised for the purposes of Section 701 of the Act to make market purchases. |
62,503,103 |
412,016 |
255,361 |
62,915,119 |
65.46% |
|
15 THAT the Company be and is hereby generally and unconditionally authorised to hold general meetings (other than an annual general meeting) on 14 clear days' notice from the date of the passing of this resolution. |
57,228,934 |
5,938,745 |
2,801 |
63,167,679 |
65.72% |
Notes:
(i) Votes 'For' include those votes giving the Chairman discretion.
(ii) The number of ordinary shares in issue on 13 June 2024 was 96,113,782. 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 25 April 2024, which is available on the Company's website at https://www.mearsgroup.co.uk/meetings-voting/2024-notice-of-annual-general-meeting.
Resolutions 1 to 12 were ordinary resolutions, requiring more than 50% of shareholders' votes to be cast in favour of the resolutions. Resolutions 13 to 15 were special resolutions, requiring at least 75% of shareholders' votes to be cast in favour of the resolutions.
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 a leading provider of services to the Housing sector, providing a range of services to individuals within their homes. We manage and maintain around 450,000 homes across the UK and work predominantly with Central Government and Local Government, typically through long-term contracts. We equally consider the residents of the homes that we manage and maintain to be our customers, and we take pride in the high levels of customer satisfaction that we achieve.
Mears currently employs over 5,000 people and provides services in every region of the UK. In partnership with our Housing clients, we provide property management and maintenance services. 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.