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NatWest Group plc announced the results of its Annual General Meeting held on 25 April 2023, where all resolutions were passed with 88.20% of the Issued Share Capital voting on Resolution 1. Shareholders approved a final dividend of 10 pence per ordinary share (99.99% for), re-elected all directors, and passed Resolutions 18, 19, 21, 22, 24, 25 and 26 as special resolutions.
| Date | 25 Apr 2023 |
| Time | 15:56:00 |
| Category | AGMs and other meetings |
| ID | 4259X |
NatWest Group plc - Result of Annual General Meeting
25 April 2023
Following the Annual General Meeting held today at Gogarburn, Edinburgh EH12 1HQ, NatWest Group plc
(the "Company") announces the results of the poll vote for each resolution as follows. Resolutions 18, 19, 21,
22, 24, 25 and 26 were passed as special resolutions.
|
|
VOTES |
% |
VOTES |
% |
% of ISC VOTED |
VOTES |
|
Resolution 1 To receive the 2022 Report and Accounts |
33,704,005,852 |
99.99 |
2,055,844 |
0.01 |
88.20% |
11,235,788 |
|
Resolution 2 To approve the Annual remuneration report in the Directors' Remuneration Report |
32,683,776,892 |
97.35 |
891,030,920 |
2.65 |
87.85% |
142,525,464 |
|
Resolution 3 To declare a final dividend of 10 pence per ordinary share |
33,711,741,396 |
99.99 |
3,512,332 |
0.01 |
88.22% |
2,089,480 |
|
Resolution 4 To re-elect Howard Davies as a Director |
33,437,055,064 |
99.18 |
275,870,092 |
0.82 |
88.21% |
4,420,752 |
|
Resolution 5 To re-elect Alison Rose-Slade as a Director |
33,703,913,460 |
99.97 |
8,756,116 |
0.03 |
88.21% |
4,685,648 |
|
Resolution 6 To re-elect Katie Murray as a Director
|
33,655,342,524 |
99.83 |
56,088,472 |
0.17 |
88.21% |
5,878,852 |
|
Resolution 7 To re-elect Frank Dangeard as a Director |
33,410,654,036 |
99.11 |
298,329,536 |
0.89 |
88.20% |
8,325,140 |
|
Approval of Frank Dangeard's |
17,530,093,248 |
98.33 |
298,329,536 |
1.67 |
79.82% |
8,325,140 |
|
Resolution 8 To elect Roisin Donnelly as a Director |
33,704,511,996 |
99.99 |
4,359,624 |
0.01 |
88.20% |
8,437,608 |
|
Approval of Roisin Donnelly's |
17,823,951,208 |
99.98 |
4,359,624 |
0.02 |
79.82% |
8,437,608 |
|
Resolution 9 To re-elect Patrick Flynn as a Director |
33,336,735,540 |
98.90 |
372,058,672 |
1.10 |
88.20% |
8,562,636 |
|
Approval of Patrick Flynn's re-election by independent shareholders only |
17,456,174,752 |
97.91 |
372,058,672 |
2.09 |
79.81% |
8,562,636 |
|
Resolution 10 To re-elect Morten Friis as a Director |
33,336,438,532 |
98.89 |
372,745,948 |
1.11 |
88.20% |
8,172,220 |
|
Approval of Morten Friis' re-election by independent shareholders only |
17,455,877,744 |
97.91 |
372,745,948 |
2.09 |
79.82% |
8,172,220 |
|
Resolution 11 To re-elect Yasmin Jetha as a Director |
33,704,567,904 |
99.99 |
4,214,640 |
0.01 |
88.20% |
8,574,272 |
|
Approval of Yasmin Jetha's re-election by independent shareholders |
17,824,007,116 |
99.98 |
4,214,640 |
0.02 |
79.81% |
8,574,272 |
|
Resolution 12 To elect Stuart Lewis as a Director |
33,705,284,020 |
99.99 |
3,611,056 |
0.01 |
88.20% |
8,453,912 |
|
Approval of Stuart Lewis' election by independent shareholders only |
17,824,723,232 |
99.98 |
3,611,056 |
0.02 |
79.82% |
8,453,912 |
|
Resolution 13 To re-elect Mark Seligman as a Director |
33,335,943,588 |
98.89 |
372,909,340 |
1.11 |
88.20% |
8,500,928 |
|
Approval of Mark Seligman's re-election by independent shareholders only |
17,455,382,800 |
97.91 |
372,909,340 |
2.09 |
79.81% |
8,500,928 |
|
Resolution 14 To re-elect Lena Wilson as a Director |
33,040,589,696 |
98.02 |
668,093,244 |
1.98 |
88.20% |
8,669,212 |
|
Approval of Lena Wilson's re-election by independent shareholders only |
17,160,028,908 |
96.25 |
668,093,244 |
3.75 |
79.81% |
8,669,212 |
|
Resolution 15 To re-appoint Ernst & Young LLP as auditors |
33,505,780,372 |
99.38 |
207,849,704 |
0.62 |
88.21% |
3,721,216 |
|
Resolution 16 To authorise the Group Audit Committee to fix the remuneration of the auditors |
33,708,645,028 |
99.99 |
4,601,376 |
0.01 |
88.21% |
4,104,164 |
|
Resolution 17 To renew the directors' authority to allot shares in the Company |
33,215,634,468 |
98.53 |
496,967,952 |
1.47 |
88.21% |
4,753,736 |
|
Resolution 18 To renew the directors' authority to allot equity securities on a non pre-emptive basis in connection with an offer or issue of equity securities |
33,666,507,152 |
99.91 |
30,079,260 |
0.09 |
88.17% |
20,760,508 |
|
Resolution 19 To renew the directors' authority to allot equity securities on a non pre-emptive basis in connection with the financing of a transaction |
33,415,630,312 |
99.16 |
282,007,476 |
0.84 |
88.17% |
19,713,980 |
|
Resolution 20 To renew the directors' authority to allot ordinary shares or grant rights to subscribe for or to convert any security into ordinary shares in relation to Equity Convertible Notes |
33,484,642,760 |
99.37 |
212,925,996 |
0.63 |
88.17% |
19,785,788 |
|
Resolution 21 To renew the directors' authority to allot equity securities on a non pre-emptive basis in connection with Equity Convertible Notes |
33,387,002,424 |
99.08 |
308,926,848 |
0.92 |
88.17% |
21,426,452 |
|
Resolution 22 To renew the authority to permit the holding of General Meetings on 14 clear days' notice |
32,914,294,972 |
97.63 |
800,145,148 |
2.37 |
88.22% |
2,898,664 |
|
Resolution 23 To renew the authority in respect of political donations and expenditure by the Company in terms of Section 366 of the Companies Act 2006 |
33,574,582,868 |
99.59 |
138,727,148 |
0.41 |
88.21% |
4,004,260 |
|
Resolution 24 To renew the authority for the Company to purchase its own shares on a recognised investment exchange |
33,480,514,284 |
99.32 |
229,013,848 |
0.68 |
88.20% |
7,822,572 |
|
Resolution 25 To renew the authority to make off-market purchases of ordinary shares from HM Treasury |
17,807,143,592 |
99.88 |
22,105,640 |
0.12 |
46.65% |
7,546,208 |
|
Resolution 26 To authorise the Company to make off-market purchases of preference securities |
33,662,086,996 |
99.85 |
50,971,876 |
0.15 |
88.21% |
4,278,628 |
* A vote Withheld is not a vote in law and is not counted in the calculation of the proportion of votes
"For" and "Against" a resolution.
In accordance with the UK Listing Authority's listing rules, a copy of the resolutions that do not constitute ordinary
business at an annual general meeting will shortly be available for inspection at the National Storage Mechanism
which is located at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
A full text of the resolutions can be found in the Notice of Meeting which is available on the Company's website at
www.natwestgroup.com.
As at 21 April 2023 (being the latest date by which shareholders who wanted to vote at the Annual General Meeting
must have been entered on the company's Register of Members) the total number of voting rights in the company
was 38,217,583,144.
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