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
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The issuer is solely responsible for the content of this announcement.
ISIN: GB00BK9RKT01 Category Code: AGM TIDM: TPK LEI Code: 2138001I27OUBAF22K83 OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 317151 EQS News ID: 1886117
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