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| Date | 7 Jul 2022 |
| Time | 15:43:22 |
| Category | AGMs and other meetings |
| ID | 7447R |
7 July 2022
UPDATE ON RESPONSE TO 2022 AGM VOTING OUTCOME
In response to the voting outcome on the Directors' Remuneration Report (Resolution 2) and the Re-election of Maurice Thompson (Resolution 10) at the WH Smith PLC Annual General Meeting on 19 January 2022, the following provides an update to the statement made after the vote.
Resolution 2 - Advisory Vote on Directors' remuneration report
While Resolution 2 to approve the Directors' Remuneration Report was passed, we acknowledge that a significant minority of shareholders chose not to support this resolution. Prior to the AGM the Remuneration Committee consulted extensively with shareholders and we note that the Company's new Remuneration Policy was approved at the AGM with a good level of support. Following the AGM, Marion Sears, the new Remuneration Committee Chair, wrote to our largest shareholders in order to understand the reasons for their vote and to offer further engagement. The Remuneration Committee will continue to consult with shareholders, as appropriate, in respect of the Company's ongoing remuneration practices.
Resolution 10 - Re-election of Maurice Thompson as a director of the Company
While Resolution 10 to approve the Re-election of Maurice Thompson as a director of the Company was passed, we acknowledge that a minority of shareholders chose not to support this resolution. Following the AGM, the Chairman wrote to our largest shareholders in order to better understand their views and the reasons for their vote. The Board believes that Maurice continues to be an effective and independent non-executive director.
An update on these matters will be included in the 2022 Annual Report.
I Houghton
Company Secretary
Enquiries:
WH Smith PLC
Mark Boyle Investor Relations 07879 897687
Nicola Hillman Media Relations 01793 563354
Brunswick
Tim Danaher 020 7404 5959