TIDMCLDN
RNS Number : 5697G
Caledonia Investments PLC
19 July 2023
Caledonia Investments plc
Result of Annual General Meeting
Caledonia Investments plc (the "Company") held its annual
general meeting ("AGM") on Wednesday 19 July 2023 at 11.30 am. All
valid proxy votes (whether submitted electronically or in hard copy
form) were included in the poll taken at the meeting.
All resolutions were passed by shareholders. The full text of
each resolution considered at the AGM is contained in the circular
to shareholders incorporating the notice of the AGM, which is
available on the Company's website at www.caledonia.com.
Resolutions 11, 12, 13, 14 and 15 relating to the election or
re-election of independent non-executive directors, were passed by
separate majorities of all shareholders and of those shareholders
who are independent of the Cayzer family concert party, the members
of which are regarded as controlling shareholders for the purposes
of the Financial Conduct Authority's Listing Rules.
Resolution 19 relates to the waiver of the mandatory offer
provisions set out in Rule 9 of The City Code on Takeovers and
Mergers in relation to the Cayzer family concert party, given the
obligation that could arise on the concert party to make a general
offer for the entire issued share capital of the Company as a
result of purchases by the Company of ordinary shares pursuant to
the authority from shareholders to make market purchases.
Resolution 19 passed with a majority of votes cast by independent
shareholders in favour. The board will engage with shareholders who
voted against the resolution and provide an update to the market on
the views received and any actions the Company intends to take in
accordance with Provision 4 of the UK Corporate Governance
Code.
The results of the poll for each resolution is set out
below.
Resolution Votes For (including Votes Against(1) Total Votes Cast Votes
discretionary)(1) Withheld(2)
Number of % of Number % of Total number % of total Number
shares votes of shares votes of votes voting of shares
cast rights
------------- -------- ----------- ------- ------------- ----------- -------------
To receive
and adopt
the annual
report and
accounts
for the
year ended
31 March
1 2023 35,605,837 99.99 988 0.01 35,609,903 65.14 3,078
-------------------- ------------- -------- ----------- ------- ------------- ----------- -------------
To approve
the directors'
remuneration
report for
the year
ended 31
March 2023
(other than
the directors'
remuneration
2 policy) 35,110,844 98.86 403,439 1.14 35,609,903 65.14 95,620
-------------------- ------------- -------- ----------- ------- ------------- ----------- -------------
To approve
the directors'
remuneration
3 policy 35,087,565 98.84 412,670 1.16 35,609,903 65.14 109,668
-------------------- ------------- -------- ----------- ------- ------------- ----------- -------------
To approve
and declare
a final
dividend
of 49.2p
per ordinary
4 share 35,608,290 99.99 988 0.01 35,609,903 65.14 625
-------------------- ------------- -------- ----------- ------- ------------- ----------- -------------
To re-elect
Mr D C Stewart
5 as a director 35,241,859 98.99 359,758 1.01 35,609,903 65.14 8,286
-------------------- ------------- -------- ----------- ------- ------------- ----------- -------------
To re-elect
Mr M S D
Masters
6 as a director 35,593,245 99.97 9,427 0.03 35,609,903 65.14 7,231
-------------------- ------------- -------- ----------- ------- ------------- ----------- -------------
To re-elect
Mr T J Livett
7 as a director 35,585,770 99.97 9,450 0.03 35,609,903 65.14 14,683
-------------------- ------------- -------- ----------- ------- ------------- ----------- -------------
To re-elect
Mr J M B
Cayzer-Colvin
8 as a director 35,591,812 99.97 11,810 0.03 35,609,903 65.14 6,281
-------------------- ------------- -------- ----------- ------- ------------- ----------- -------------
To re-elect
The Hon
C W Cayzer
9 as a director 35,277,445 99.08 326,277 0.92 35,609,903 65.14 6,181
-------------------- ------------- -------- ----------- ------- ------------- ----------- -------------
To re-elect
Mr W P Wyatt
10 as a director 35,290,820 99.12 313,202 0.88 35,609,903 65.14 5,881
-------------------- ------------- -------- ----------- ------- ------------- ----------- -------------
To elect
Ms F A Buckley
as a director
11 (all shareholders) 35,588,599 99.96 14,218 0.04 35,609,903 65.14 7,086
-------------------- ------------- -------- ----------- ------- ------------- ----------- -------------
To elect
Ms F A Buckley
as a director
(independent
11 shareholders) 10,541,321 99.87 14,218 0.13 10,555,539 19.31 7,086
-------------------- ------------- -------- ----------- ------- ------------- ----------- -------------
To re-elect
Mr G B Davison
as a director
12 (all shareholders) 35,419,128 99.48 183,689 0.52 35,609,903 65.14 7,086
-------------------- ------------- -------- ----------- ------- ------------- ----------- -------------
To re-elect
Mr G B Davison
as a director
(independent
12 shareholders) 10,371,850 98.26 183,689 1.74 10,555,539 19.31 7,086
-------------------- ------------- -------- ----------- ------- ------------- ----------- -------------
To re-elect
Ms M A Farlow
as a director
13 (all shareholders) 35,402,954 99.44 199,493 0.56 35,609,903 65.14 7,456
-------------------- ------------- -------- ----------- ------- ------------- ----------- -------------
To re-elect
Ms M A Farlow
as a director
(independent
13 shareholders) 10,355,676 98.11 199,493 1.89 10,555,169 19.31 7,456
-------------------- ------------- -------- ----------- ------- ------------- ----------- -------------
To re-elect
Mrs C L
Fitzalan
Howard as
a director
14 (all shareholders) 35,418,179 99.48 185,168 0.52 35,609,903 65.14 6,556
-------------------- ------------- -------- ----------- ------- ------------- ----------- -------------
To re-elect
Mrs C L
Fitzalan
Howard as
a director
(independent
14 shareholders) 10,370,901 98.25 185,168 1.75 10,556,069 19.31 6,556
-------------------- ------------- -------- ----------- ------- ------------- ----------- -------------
To re-elect
Ms L R Fordham
as a director
15 (all shareholders) 35,418,512 99.48 185,891 0.52 35,609,903 65.14 5,500
-------------------- ------------- -------- ----------- ------- ------------- ----------- -------------
To re-elect
Ms L R Fordham
as a director
as a director
(independent
15 shareholders) 10,371,234 98.24 185,891 1.76 10,557,125 19.31 5,500
-------------------- ------------- -------- ----------- ------- ------------- ----------- -------------
To re-appoint
BDO LLP
16 as auditor 35,590,304 99.96 14,815 0.04 35,609,903 65.14 4,784
-------------------- ------------- -------- ----------- ------- ------------- ----------- -------------
To authorise
the directors
to agree
the auditor's
17 remuneration 35,601,894 99.99 3,815 0.01 35,609,903 65.14 4,194
-------------------- ------------- -------- ----------- ------- ------------- ----------- -------------
To grant
the Company
authority
to make
market purchases
of its own
18 shares(3) 35,227,022 98.94 379,042 1.06 35,609,903 65.14 3,839
-------------------- ------------- -------- ----------- ------- ------------- ----------- -------------
To approve
the waiver
of the mandatory
offer provisions
set out
in Rule
9 of the
City Code
on Takeovers
and Mergers
in relation
to the Cayzer
Concert
19 Party(4) 6,714,870 64.68 3,667,107 35.32 10,561,775 19.32 179,798
-------------------- ------------- -------- ----------- ------- ------------- ----------- -------------
To authorise
the allotment
of unissued
20 shares 35,583,567 99.95 16,713 0.05 35,609,903 65.14 9,623
-------------------- ------------- -------- ----------- ------- ------------- ----------- -------------
To authorise
the allotment
of shares
on a non
pre-emptive
21 basis(3) 35,559,520 99.89 38,652 0.11 35,609,903 65.14 11,731
-------------------- ------------- -------- ----------- ------- ------------- ----------- -------------
To authorise
the convening
of general
meetings
(other than
annual general
meetings)
on not less
than 14
clear days'
22 notice(3) 35,563,390 99.88 41,677 0.12 35,609,903 65.14 4,836
-------------------- ------------- -------- ----------- ------- ------------- ----------- -------------
(1) Votes "for" and "against" are expressed as a percentage of
the total votes cast.
(2) A "withheld" vote is not a vote in law and is not counted in
the calculation of the proportion of votes "for" or "against" a
resolution.
(3) Special resolution requiring a 75% majority.
(4) As required by The City Code on Takeovers and Mergers,
members of the Cayzer family concert party were not eligible to
vote on this resolution.
The Company had 54,663,662 ordinary shares of 5p each with
voting rights in issue as at 11.30 am on Monday 17 July 2023, being
the deadline for receipt of validly completed proxy forms by the
Company's registrar, and as at the date of the AGM. No ordinary
shares were held in treasury.
In accordance with Listing Rule 9.6.2R, copies of the
resolutions that did not constitute ordinary business at the AGM
will be submitted to the National Storage Mechanism and will
shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
Enquiries:
Richard Webster
Company Secretary
Tel: +44 (0)20 7802 8080
19 July 2023
END
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END
RAGSFFFMUEDSEIW
(END) Dow Jones Newswires
July 19, 2023 12:53 ET (16:53 GMT)
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