The following amendment has been made to the 'Results of Annual General Meeting' announcement released on 30 March 2017 at 1430 under RNS No 0358B:
The votes against resolution 3 have been corrected from 4,351,409,718 to 4,351,409.
All other details remain unchanged.
The full amended text is shown below.
REPLACEMENT SVG Capital plc ('SVG Capital' or the 'Company') - RESULTS OF ANNUAL GENERAL MEETING
SVG Capital is pleased to announce that at its Annual General Meeting all resolutions passed with a clear majority of shareholders voting in favour of all resolutions.
The Board is mindful of those shareholders that cast their vote against the remuneration report. Given the unusual and very specific situation that the Company has been in since last September, the Remuneration Committee considered a number of factors when exercising its discretion. In particular, the Committee took account of the additional £100 million of shareholder value generated by the management team in its response to the takeover bid and through the subsequent sale of the investment portfolio and proposed wind-up of the Company.
All of the resolutions were passed by show of hands. The proxy voting figures for these Resolutions were as follows:
Resolution | For / discretionary* (number / % / no. of cards)** | Against (number / % / no. of cards)** | Votes withheld*** (number / no. of cards) | Total votes cast / % of total voting rights | |
1. | Annual Report and Accounts | 37,639,306 / 100% / 157 | 1,122 / 0.00% / 1 | 201,717 / 1 | 37,842,618 / 57.82% |
2. | Remuneration Report | 27,165,193 / 71.78% / 99 | 10,676,952 / 28.21% / 73 | 0 / 0 | 37,842,618 / 57.82% |
3. | Re-election of Andrew Sykes | 33,490,736 / 88.50% / 140 | 4,351,409 / 11.50% / 25 | 0 / 0 | 37,842,618 / 57.82% |
4. | Re-election of Lynn Fordham | 37,781,427 /99.84% / 155 | 60,718 / 0.16% / 5 | 0 / 0 | 37,842,618 / 57.82% |
5. | Re-election of Stephen Duckett | 33,181,202 / 87.68% / 143 | 4,660,942 / 12.32% / 26 | 0 / 0 | 37,842,618 / 57.82% |
6. | Re-election of David Robins | 33,174,104/ 87.66% / 143 | 4,668,040 / 12.34% / 27 | 0 / 0 | 37,842,618 / 57.82% |
7. | Re-election of Helen Mahy | 33,049,336 / 87.33% / 142 | 4,792,808 / 12.67% / 28 | 0 / 0 | 37,842,618 / 57.82% |
8. | Re-appointment of Ernst & Young LLP as auditors | 36,127,136 / 97.44%/ 144 | 946,788 / 2.55%/ 20 | 768,220 / 7 | 37,842,618 / 57.82% |
9. | Authority for Directors to determine Auditor's remuneration | 36,924,420 / 97.57% / 149 | 917,373 / 2.42%/ 18 | 351 / 1 | 37,842,618 / 57.82% |
10. | Holding general meetings on not less than 14 clear days' notice | 36,717,823 / 97.03%/ 145 | 1,123,200 / 2.97% / 21 | 0 / 0 | 37,842,618 / 57.82% |
* Proxy votes granted to the chairman of the meeting at his discretion are counted as votes 'for' the Resolutions
** Percentages are expressed as a proportion of the total votes cast (excluding withheld votes). Number of cards includes proxy cards submitted for poll vote
*** A vote withheld is not a vote in law and is not counted in the calculation of the votes cast 'for' or 'against' a Resolution but is included in Total Votes Cast column
The full text of the resolutions passed is contained in the Notice of General meeting which has been submitted to the National Storage Mechanism and is available for inspection at:www.hemscott.com/nsm.doIn accordance with the Listing Rules, copies of the relevant Resolutions passed will shortly be submitted to the National Storage Mechanism and will be available for inspection at:www.hemscott.com/nsm.do. For further information please contact:
SVG Capital | 020 3457 0000 |
Stuart Ballard Alice Kain | |
Maitland | 020 7379 5151 |
Neil Bennett Tom Eckersley |
SVG Capital plc published this content on 07 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 07 April 2017 16:04:13 UTC.
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