Lewis(John)Partnership PLC AGM Results (3019P)
June 04 2015 - 12:30PM
UK Regulatory
TIDMBD45
RNS Number : 3019P
Lewis(John)Partnership PLC
04 June 2015
John Lewis Partnership plc
("the Company")
4 June 2015
Result of Annual General Meeting
John Lewis Partnership plc confirms that at the Annual General
Meeting of Ordinary Shareholders held today 4 June 2015 the
requisite majority of Shareholders voted in favour of the
resolutions. Therefore Resolutions 1 to 7 inclusive were passed as
ordinary resolutions and Resolution 8 was passed as a special
resolution:
Resolution 1
To receive the Company's accounts and the reports of the
directors and the auditor on those accounts for the year ended 31
January 2015.
Resolution 2
To re-elect Chris Coburn as a director.
Resolution 3
To re-elect Baiju Naik as a director.
Resolution 4
To re-elect Lucy Parks as a director.
Resolution 5
To re-elect Loraine Woodhouse as a director.
Resolution 6
To re-appoint PricewaterhouseCoopers LLP as Auditor of the
Company to hold office from the conclusion of the meeting until the
conclusion of the next meeting of the Company at which accounts are
laid.
Resolution 7
To authorise the Directors to determine the remuneration of the
Auditor.
Resolution 8
THAT the Company be and is hereby authorised to make market
purchases (within the meaning of section 693(4) of the Companies
Act 2006) of its 5 per cent Cumulative Preference stock ('the 5 per
cent stock') and its 7 1/2 per cent Cumulative Preference stock
('the 7 1/2 per cent stock') on such terms and in such manner as
the Directors may from time to time determine, provided that:
a) the maximum number of shares in its 5 per cent stock hereby
authorised to be acquired is 3,696,995 shares;
b) the maximum number of shares in its 7 1/2 per cent stock
hereby authorised to be acquired is 500,000 shares;
c) the minimum price which may be paid for any 5 per cent stock is 60p per share;
d) the minimum price which may be paid for any 7 1/2 per cent stock is 80p per share;
e) the maximum price which may be paid for any 5 per cent stock
or 7 1/2 per cent stock is the higher of (i) an amount equal to
105% of the average of the middle market quotations for the 5 per
cent stock or 7 1/2 per cent stock (as appropriate) as derived from
The London Stock Exchange Daily Official List for the five business
days immediately preceding the day on which such share is
contracted to be purchased and (ii) the amount stipulated by
Article 5(1) of the EU Buy-back and Stabilisation Regulation (being
the higher of the price of the last independent trade and the
highest current independent bid for the 5 per cent stock or the 7
1/2 per cent stock (as appropriate) on the trading venues where the
market purchases by the Company pursuant to the authority conferred
by this Resolution 8 will be carried out);
f) the authority hereby conferred shall expire at the end of the
next Annual General Meeting of the Company or, if earlier, on 30
August 2016 unless previously renewed, varied or revoked by the
Company in general meeting; and
g) the Company may make a contract to purchase its 5 per cent
stock or 7 1/2 per cent stock under the authority hereby conferred
prior to the expiry of such authority, which contract will or may
be executed wholly or partly after the expiry of such authority,
and may purchase its 5 per cent stock or 7 1/2 per cent stock in
pursuance of any such contract.
Copies of the resolutions passed have been submitted to the
National Storage Mechanism and will shortly be available for
inspection at: www.Hemscott.com/nsm.do
Company official responsible for making this announcement:
Esther Lam, Assistant Company Secretary, Tel: +44 207 592 6995
This information is provided by RNS
The company news service from the London Stock Exchange
END
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