TIDMCSN
RNS Number : 6129Z
Chesnara PLC
16 May 2023
LEI Number: 213800VFRMBRTSZ3SJ06
16(th) May 2023
CHESNARA plc
("Chesnara" or "the Company")
RESULT OF THE CHESNARA PLC 2023 ANNUAL GENERAL MEETING
Chesnara plc (CSN.L) announces that the resolutions proposed at
its Annual General Meeting held on 16(th) May 2023 were passed by a
show of hands. For information, the results of the AGM, which
includes the total number of votes received for each resolution,
are set out below. The Company's issued share capital on 16(th) May
2023 consisted of 150,404,962 ordinary 5p shares and the number of
voting rights was also 150,404,962 ordinary 5p shares (as there
were no treasury shares).
No. Resolution No. of votes % Votes % Total Votes
'for' & 'discretionary' 'against'* No. of 'withheld'
votes cast
To receive and adopt the
report and accounts for
the year ended 31 December
1 2022 91,059,200 99.99 5,838 0.01 91,065,038 60,746
--------------------------- ------------------------- ------ ------------ ------ ------------ ------------
2 To approve the Directors' 66,203,911 72.66 24,914,731 27.34 91,118,642 7,142
Remuneration Report
--------------------------- ------------------------- ------ ------------ ------ ------------ ------------
3 To approve the Directors' 87,638,247 96.25 3,416,902 3.75 91,055,149 70,635
Remuneration Policy
--------------------------- ------------------------- ------ ------------ ------ ------------ ------------
4 To declare a final 91,083,620 99.95 41,247 0.05 91,124,867 917
dividend of 15.16p per
ordinary
share
--------------------------- ------------------------- ------ ------------ ------ ------------ ------------
To re-elect Steve Murray
5 as a director 91,052,509 99.96 33,045 0.04 91,085,554 40,230
--------------------------- ------------------------- ------ ------------ ------ ------------ ------------
To re-elect Carol Hagh as
6 a director 88,461,192 97.13 2,617,472 2.87 91,078,664 47,120
--------------------------- ------------------------- ------ ------------ ------ ------------ ------------
7 To re-elect Karin 90,191,882 99.03 886,782 0.97 91,078,664 47,120
Bergstein as a director
--------------------------- ------------------------- ------ ------------ ------ ------------ ------------
8 To re-elect David 91,052,509 99.96 33,045 0.04 91,085,554 40,230
Rimmington as a director
--------------------------- ------------------------- ------ ------------ ------ ------------ ------------
To re-elect Jane Dale as a
9 director 90,193,781 99.02 888,698 0.98 91,082,479 43,305
--------------------------- ------------------------- ------ ------------ ------ ------------ ------------
To re-elect Luke Savage as
10 a director 88,465,042 97.12 2,620,512 2.88 91,085,554 40,230
--------------------------- ------------------------- ------ ------------ ------ ------------ ------------
To re-elect Mark Hesketh
11 as a director 90,020,780 98.83 1,068,069 1.17 91,088,849 36,935
--------------------------- ------------------------- ------ ------------ ------ ------------ ------------
12 To re-elect Eamonn 88,027,055 96.64 3,061,794 3.36 91,088,849 36,935
Flanagan as a director
--------------------------- ------------------------- ------ ------------ ------ ------------ ------------
To re-appoint Deloitte LLP
13 as auditor 91,084,026 99.96 38,166 0.04 91,122,192 3,592
--------------------------- ------------------------- ------ ------------ ------ ------------ ------------
14 To authorise the directors 91,069,446 99.94 51,246 0.06 91,120,692 5,092
to determine the auditor's
remuneration
--------------------------- ------------------------- ------ ------------ ------ ------------ ------------
15 To provide limited 81,325,983 98.74 1,034,465 1.26 82,360,448 8,765,336
authority to make
political donations
and to incur limited
political expenditure
--------------------------- ------------------------- ------ ------------ ------ ------------ ------------
16 To approve and adopt the 90,197,342 99.08 834,915 0.92 91,032,257 93,527
rules of the Chesnara 2023
Short-term Incentive
Scheme
--------------------------- ------------------------- ------ ------------ ------ ------------ ------------
17 To approve and adopt the 86,905,698 95.47 4,126,559 4.53 91,032,257 93,527
rules of the Chesnara 2023
Long-term Incentive Plan
--------------------------- ------------------------- ------ ------------ ------ ------------ ------------
18. To authorise the directors 90,099,713 98.89 1,015,013 1.11 91,114,726 11,058
to allot equity securities
up to a specified amount
--------------------------- ------------------------- ------ ------------ ------ ------------ ------------
19. Special resolution - To 90,279,079 99.08 838,442 0.92 91,117,521 8,263
give the directors power
to allot equity securities
for cash without making
an offer to shareholders
(rights issue or open
offer)
--------------------------- ------------------------- ------ ------------ ------ ------------ ------------
20. Special resolution - To 90,287,264 99.09 829,809 0.91 91,117,073 8,711
give the directors power
to allot equity securities
for cash without making
an offer to shareholders
(financing or refinancing
an acquisition)
------------------------- ------ ------------ ------ ------------ ------------
21. Special resolution - To 91,025,736 99.93 65,888 0.07 91,091,624 34,160
give the Company limited
authority to purchase its
own shares
--------------------------- ------------------------- ------ ------------ ------ ------------ ------------
22. Special resolution - To 90,325,739 99.16 763,590 0.84 91,089,329 36,455
adopt the revised Articles
of Association
--------------------------- ------------------------- ------ ------------ ------ ------------ ------------
23. Special resolution - To 90,889,668 99.75 229,570 0.25 91,119,238 6,546
allow the Company to call
general meetings on not
less than 14 clear days'
notice
--------------------------- ------------------------- ------ ------------ ------ ------------ ------------
*Votes 'withheld' have not been included in the calculation of
whether the resolution is carried. Percentages have been rounded to
two decimal places.
The Board confirms that it will consult and engage with
shareholders to understand and discuss their views in respect of
Resolution 2 (the Directors' Remuneration Report excluding the
Directors' Remuneration Policy). In accordance with the UK
Corporate Governance Code, the Company will publish an update in
this regard within the next six months of this AGM.
The full text of the resolutions can be found in the Notice of
the Meeting set out in the Financial Statements for the year ended
31 December 2022, copies of which are available on the Company's
website, www.chesnara.co.uk . In accordance with Listing Rule
9.6.3, full details 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 .
Investor Enquiries
Sam Perowne
Head of Strategic Development & Investor Relations
Chesnara plc
E - sam.perowne@chesnara.co.uk
Media Enquiries
Roddy Watt
Director, Capital Markets
FWD
T - 020 7280 0651 / 07714 770 493
E - roddy.watt@fwdconsulting.co.uk
Notes to Editors
Chesnara (CSN.L) is a European life and pensions consolidator
listed on the London Stock Exchange. It administers approximately
one million policies and operates as Countrywide Assured and CASLP
in the UK, as The Waard Group and Scildon in the Netherlands, and
as Movestic in Sweden.
Following a three-pillar strategy, Chesnara's primary
responsibility is the efficient administration of its customers'
life and savings policies, ensuring good customer outcomes and
providing a secure and compliant environment to protect
policyholder interests. It also adds value by writing profitable
new business in Sweden and the Netherlands and by undertaking
value-adding acquisitions of either companies or portfolios.
Consistent delivery of the Company strategy has enabled Chesnara
to increase its dividend for 18 years in succession.
Further details are available on the Company's website (
www.chesnara.co.uk ).
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END
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