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Travis Perkins (TPK)
Travis Perkins: Results of AGM
22-Apr-2024 / 14:25 GMT/BST
Travis Perkins
plc (the “Company") held its Annual General Meeting at Linklaters,
One Silk Street, London, EC2Y 8HQ on Monday 22 April 2024 at which
6 shareholders or their representatives were present. All
resolutions proposed were passed by
shareholders. A poll was held on
each of the resolutions proposed.
The results of the polls are as follows:
|
Resolution
|
Shares
For (1)
|
%
for
|
Shares Against
|
% against
|
Total votes validly cast
|
%
Total votes validly cast
|
Abstain/ Votes
Withheld(2)
|
|
1. To
receive the Company’s annual accounts and the reports of the
Directors and auditor thereon for the financial year ended 31
December 2023.
|
159,689,232
|
100.00
|
3,821
|
0.00
|
159,693,053
|
75.15%
|
6,438,897
|
|
2. To
approve the Directors' Remuneration Report.
|
136,424,127
|
82.12
|
29,703,631
|
17.88
|
166,127,758
|
78.17%
|
4,192
|
|
3. To
receive and approve the Directors’ Remuneration Policy.
|
131,336,551
|
79.06
|
34,790,676
|
20.94
|
166,127,227
|
78.17%
|
4,723
|
|
4. To
declare a final dividend for the financial year ended 31 December
2023 of 5.5 pence per ordinary share.
|
166,126,135
|
100.00
|
4,165
|
0.00
|
166,130,300
|
78.18%
|
1,650
|
|
5. To
elect Duncan Cooper as a Director of the Company.
|
163,174,182
|
98.22
|
2,950,403
|
1.78
|
166,124,585
|
78.17%
|
7,365
|
|
6. To
elect Jez Maiden as a Director of the Company.
|
165,346,616
|
99.53
|
779,490
|
0.47
|
166,126,106
|
78.17%
|
5,844
|
|
7. To
re-elect Marianne Culver as a Director of the Company.
|
160,798,584
|
96.79
|
5,327,522
|
3.21
|
166,126,106
|
78.17%
|
5,844
|
|
8. To
re-elect Heath Drewett as a Director of the Company.
|
160,750,164
|
96.76
|
5,375,942
|
3.24
|
166,126,106
|
78.17%
|
5,844
|
|
9. To
re-elect Jora Gill as a Director of the Company.
|
158,328,858
|
95.31
|
7,797,074
|
4.69
|
166,125,932
|
78.17%
|
6,018
|
|
10. To
re-elect Louise Hardy as a Director of the Company.
|
147,647,492
|
88.88
|
18,478,614
|
11.12
|
166,126,106
|
78.17%
|
5,844
|
|
11. To
re-elect Nick Roberts as a Director of the Company.
|
160,750,824
|
99.98
|
35,028
|
0.02
|
160,785,852
|
75.66%
|
5,346,098
|
|
12. To
re-elect Jasmine Whitbread as a Director of the Company.
|
126,937,818
|
76.41
|
39,188,927
|
23.59
|
166,126,745
|
78.17%
|
5,205
|
|
13. To
re-appoint KPMG LLP as auditor of the Company.
|
165,401,218
|
99.56
|
727,530
|
0.44
|
166,128,748
|
78.17%
|
3,202
|
|
14. To
authorise the Audit Committee to fix the remuneration
of the auditor.
|
165,870,369
|
99.84
|
258,379
|
0.16
|
166,128,748
|
78.17%
|
3,202
|
|
15. To
authorise the Directors to allot securities.
|
140,526,641
|
84.82
|
25,144,612
|
15.18
|
165,671,253
|
77.96%
|
460,697
|
|
16. To
authorise the Directors to allot securities free from pre-emption
rights (Special Resolution).
|
144,805,133
|
87.16
|
21,322,713
|
12.84
|
166,127,846
|
78.17%
|
4,104
|
|
17. To
authorise the Company to make market purchases of its own ordinary
shares (Special Resolution).
|
165,627,785
|
99.72
|
472,094
|
0.28
|
166,099,879
|
78.16%
|
32,071
|
|
18. To
call a general meeting other than an AGM on not less than 14 clear
days' notice (Special Resolution).
|
143,292,378
|
86.49
|
22,379,206
|
13.51
|
165,671,584
|
77.96%
|
460,366
|
Statement in connection with Resolutions 3 and
12
The Company is
pleased that all resolutions were supported by a significant
majority of shareholders. However,
the Board recognises that there were meaningful votes against
Resolution 3, approval of the Directors’ Remuneration Policy, and
Resolution 12 to re-elect the Chair as a Director of the
Company. The Remuneration Committee
Chair and the Senior Independent Director have engaged with
shareholders before the meeting today and will continue to engage
with shareholders following today’s meeting to understand their
concerns. The Board is committed to
giving an update on these matters promptly.
Notes
(1) Includes
discretionary votes
(2) A vote
withheld is not, in law, a vote and is not counted in the votes for
or against a resolution
Results of the
poll (and a composite
set of questions and answers discussed at the meeting)
will also shortly be available on the Company's website:
https://www.travisperkinsplc.co.uk/investors/shareholder-centre/general-meetings/?year=2024
The total number
of ordinary shares available for voting on 18 April 2024 at 6.00 pm
was 212,509,334. Shareholders are entitled to one vote per
share.
In accordance
with Listing Rule 9.6.2 copies of the resolutions passed as special
business will be submitted to the National Storage Mechanism and
will shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Enquiries:
Robin Miller,
General Counsel & Company Secretary +44
(0)7515 197 975
Dissemination of a Regulatory Announcement, transmitted by EQS
Group.
The issuer is solely responsible for the content of this
announcement.
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