TIDMBARC

RNS Number : 3148M

Barclays PLC

07 May 2020

7 May 2020

Barclays PLC

Results of Annual General Meeting

The Barclays PLC Annual General Meeting was held earlier today. A poll was held on each of the resolutions proposed and the results of the poll are set out below. All resolutions, with the exception of Resolution 30, were passed.

 
 RESOLUTIONS           Number of        % of             Number of         % of votes      Number of        Total 
                        votes cast      votes            votes cast        cast            votes             votes 
                        "For" the       cast             "Against"         "Against"       Withheld*         cast 
                        Resolution      "For"            the Resolution    the                               as % 
                                        the Resolution                     Resolution                        of Issued 
                                                                                                             Share 
                                                                                                             Register 
     To receive the 
     Reports of the 
     Directors and 
     Auditors and 
     the audited 
     accounts of 
     the Company 
     for the year 
     ended 31 
     December 
 1   2019              11,863,460,135            99.91       10,493,599             0.09       71,829,768     68.49% 
     ---------------  ---------------  ---------------  ---------------  ---------------  ---------------  ----------- 
     To approve the 
     Directors' 
     Remuneration 
     Report (other 
     than the part 
     containing the 
     Directors' 
     Remuneration 
     Policy) for 
     the year ended 
     31 December 
 2   2019              11,354,434,198            95.78      500,456,293             4.22       90,893,005       68.38% 
     ---------------  ---------------  ---------------  ---------------  ---------------  ---------------  ----------- 
     To approve the 
     Directors' 
     Remuneration 
     Policy 
     contained 
     in the 
     Directors' 
     Remuneration 
     Report for the 
     year ended 31 
 3   December 2019     11,308,670,932            96.29      436,091,600             3.71      201,020,969       67.74% 
     ---------------  ---------------  ---------------  ---------------  ---------------  ---------------  ----------- 
     To appoint Dawn 
     Fitzpatrick 
     as a Director 
 4   of the Company.   11,568,237,792            99.90       12,107,556             0.10      365,438,150       66.79% 
     ---------------  ---------------  ---------------  ---------------  ---------------  ---------------  ----------- 
     To appoint 
     Mohamed 
     A. El-Erian 
     as a Director 
 5   of the Company.   11,476,632,129            99.10      104,216,996             0.90      364,934,377       66.80% 
     ---------------  ---------------  ---------------  ---------------  ---------------  ---------------  ----------- 
     To appoint 
     Brian 
     Gilvary as a 
     Director of 
 6   the Company.      10,878,831,883            95.53      509,576,965             4.47      557,374,649       65.69% 
     ---------------  ---------------  ---------------  ---------------  ---------------  ---------------  ----------- 
     To reappoint 
      Mike Ashley 
      as a Director 
 7    of the Company   11,357,748,398            98.08      221,904,519             1.92      366,130,580       66.79% 
     ---------------  ---------------  ---------------  ---------------  ---------------  ---------------  ----------- 
     To reappoint 
     Tim Breedon 
     as a Director 
 8   of the Company.   11,921,126,661            99.83       20,257,307             0.17        4,399,534       68.88% 
     ---------------  ---------------  ---------------  ---------------  ---------------  ---------------  ----------- 
     To reappoint 
     Sir Ian 
     Cheshire 
     as a Director 
 9   of the Company.   11,553,700,800            99.77       26,166,936             0.23      365,915,762       66.79% 
     ---------------  ---------------  ---------------  ---------------  ---------------  ---------------  ----------- 
     To reappoint 
     Mary Anne 
     Citrino 
     as a Director 
 10  of the Company.   11,394,353,084            95.42      547,238,623             4.58        4,191,791       68.88% 
     ---------------  ---------------  ---------------  ---------------  ---------------  ---------------  ----------- 
     To reappoint 
     Mary Francis 
     as a Director 
 11  of the Company.   11,564,060,197            96.85      376,267,027             3.15        5,456,274       68.87% 
     ---------------  ---------------  ---------------  ---------------  ---------------  ---------------  ----------- 
     To reappoint 
     Crawford 
     Gillies 
     as a Director 
 12  of the Company.   11,547,664,920            96.70      393,609,268             3.30        4,509,314       68.87% 
     ---------------  ---------------  ---------------  ---------------  ---------------  ---------------  ----------- 
     To reappoint 
     Nigel Higgins 
     as a Director 
 13  of the Company.   11,537,940,743            96.68      395,706,666             3.32       12,136,089       68.83% 
     ---------------  ---------------  ---------------  ---------------  ---------------  ---------------  ----------- 
     To reappoint 
     Tushar Morzaria 
     as a Director 
 14  of the Company.   11,554,571,320            99.77       26,403,784             0.23      364,808,394       66.80% 
     ---------------  ---------------  ---------------  ---------------  ---------------  ---------------  ----------- 
     To reappoint 
     Diane 
     Schueneman 
     as a Director 
 15  of the Company.   11,928,873,205            99.89       12,638,236             0.11        4,262,991       68.88% 
     ---------------  ---------------  ---------------  ---------------  ---------------  ---------------  ----------- 
     To reappoint 
     James Staley 
     as a Director 
 16  of the Company.   11,394,074,252            99.59       46,965,126             0.41      504,744,120       65.99% 
     ---------------  ---------------  ---------------  ---------------  ---------------  ---------------  ----------- 
     To reappoint 
      KPMG LLP as 
      auditors of 
 17   the Company.     11,926,033,210            99.87       15,477,671             0.13        4,272,617       68.88% 
     ---------------  ---------------  ---------------  ---------------  ---------------  ---------------  ----------- 
     To authorise 
     the Board Audit 
     Committee to 
     set the 
     remuneration 
     of the 
 18  Auditors.         11,928,701,845            99.89       13,468,294             0.11        3,613,359       68.88% 
     ---------------  ---------------  ---------------  ---------------  ---------------  ---------------  ----------- 
     To authorise 
     the Company 
     and its 
     subsidiaries 
     to make 
     political 
     donations and 
     incur political 
 19  expenditure.      11,563,900,576            96.85      376,346,632             3.15        5,536,289       68.87% 
     ---------------  ---------------  ---------------  ---------------  ---------------  ---------------  ----------- 
     To authorise 
     the Directors 
     to allot shares 
 20  and securities.   10,818,572,297            90.60    1,122,785,063             9.40        4,426,138       68.88% 
     ---------------  ---------------  ---------------  ---------------  ---------------  ---------------  ----------- 
     To authorise 
     the Directors 
     to allot equity 
     securities for 
     cash and/or 
     to sell 
     treasury 
     shares other 
     than on a pro 
     rata basis to 
     shareholders 
     of no more than 
     5% of issued 
 21  share capital.    11,911,053,147            99.76       28,241,619             0.24        6,488,736       68.86% 
     ---------------  ---------------  ---------------  ---------------  ---------------  ---------------  ----------- 
     To authorise 
     the Directors 
     to allot equity 
     securities for 
     cash and/or 
     to sell 
     treasury 
     shares other 
     than on a pro 
     rata basis to 
     shareholders 
     of no more than 
     an additional 
     5% of issued 
     share capital 
     in connection 
     with an 
     acquisition 
     or specified 
     capital 
 22  investment.       11,655,381,765            97.62      283,752,267             2.38        6,649,465       68.86% 
     ---------------  ---------------  ---------------  ---------------  ---------------  ---------------  ----------- 
     To authorise 
     the Directors 
     to allot equity 
     securities in 
     relation to 
     the issuance 
     of contingent 
     Equity 
     Conversion 
 23  Notes.            11,712,756,778            98.11      226,227,943             1.89        6,798,776       68.86% 
     ---------------  ---------------  ---------------  ---------------  ---------------  ---------------  ----------- 
     To authorise 
     the Directors 
     to allot equity 
     securities for 
     cash other than 
     on a pro rata 
     basis to 
     shareholders 
     in relation 
     to the issuance 
     of contingent 
     Equity 
     Conversion 
 24  Notes.            11,649,846,593            97.58      289,231,389             2.42        6,705,519       68.86% 
     ---------------  ---------------  ---------------  ---------------  ---------------  ---------------  ----------- 
     To authorise 
     the Company 
     to purchase 
 25  its own shares.   11,700,748,740            98.16      219,307,066             1.84       25,727,691       68.75% 
     ---------------  ---------------  ---------------  ---------------  ---------------  ---------------  ----------- 
     To authorise 
     the Directors 
     to call general 
     meetings (other 
     than an AGM) 
     on not less 
     than 14 clear 
 26  days' notice.     11,425,886,373            95.69      515,004,858             4.31        4,892,271       68.87% 
     ---------------  ---------------  ---------------  ---------------  ---------------  ---------------  ----------- 
     To authorise 
     the renewal 
     of the Barclays 
     Group SAYE 
     Share 
 27  Option Scheme.    11,881,153,672            99.51       58,092,920             0.49        6,536,910       68.86% 
     ---------------  ---------------  ---------------  ---------------  ---------------  ---------------  ----------- 
     To authorise 
      the proposed 
      changes to the 
      Barclays Group 
      Share Value 
 28   Plan.            11,913,252,710            99.80       24,347,855             0.20        8,182,962       68.85% 
     ---------------  ---------------  ---------------  ---------------  ---------------  ---------------  ----------- 
     Barclays' 
     commitment 
     to tackling 
 29  climate change.   11,927,555,003            99.93        8,453,176             0.07        9,852,694       68.84% 
     ---------------  ---------------  ---------------  ---------------  ---------------  ---------------  ----------- 
     ShareAction's 
      climate change 
 30   resolution.       2,487,583,654            23.95    7,898,043,226            76.05    1,560,233,992       59.90% 
     ---------------  ---------------  ---------------  ---------------  ---------------  ---------------  ----------- 
 

* A vote Withheld is not a vote in law and is not counted in the calculation of the proportion of votes "For" and "Against" a resolution.

As at 6.30pm on Tuesday 5 May 2020, the time by which shareholders who wanted to vote at the AGM must have been entered on the Company's register of members, there were 17,337,624,306 ordinary shares in issue. Shareholders are entitled to one vote per share. As a result of the coronavirus (COVID-19) situation, and in accordance with the UK Government's guidance on social distancing and prohibition on non-essential travel and public gatherings, attendance at the Meeting was restricted.

In accordance with Listing Rule 9.6.2, copies of the resolutions that do not constitute ordinary business at an annual general meeting will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

Resolution 30

Resolution 30 was requisitioned by a group of shareholders coordinated by ShareAction. The Board notes that while resolution 30 was not passed, 23.95% of the votes cast either "for" or "against" resolution 30 were cast "for" this resolution. This amounts to 14.35 % of the total issued share capital. The Board did not support this resolution and urged shareholders instead to support the resolution on climate change that it had proposed to shareholders, resolution 29.

We have engaged extensively over recent months with many shareholders and other stakeholders in relation to Barclays' commitment to tackling climate change. This commitment is expressed in resolution 29, which was passed very comfortably. During this engagement we explored with shareholders their voting intentions in relation to resolutions 29 and 30, and those with whom we engaged and who said that they intended to vote "for" resolution 30 explained to us the reasons they intended to do so. Those shareholders account for a very large proportion of the votes cast "for" that resolution.

We will reflect on this feedback from our shareholders and ensure that we understand fully the reasons why those shareholders who did so supported this resolution, and will provide an update in due course, in accordance with the UK Corporate Governance Code.

We are also committed to engaging further with shareholders and other stakeholders over the coming months as we continue to develop our climate strategy and both the metrics for measuring our progress and the targets against which we will report.

- ENDS -

For further information, please contact:

 
 Investor Relations      Media Relations 
  Chris Manners           Tom Hoskin 
  +44 (0) 20 7773 2136    +44 (0) 20 7116 6927 
 

About Barclays

Barclays is a British universal bank. We are diversified by business, by different types of customer and client, and geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.

For further information about Barclays, please visit our website home.barclays

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END

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