TIDMSBRY
RNS Number : 7270R
Sainsbury(J) PLC
07 July 2022
J Sainsbury plc
(the Company)
Results of AGM
Following the Annual General Meeting held today, J Sainsbury plc
announces the results of the poll vote for each resolution. The
Board was pleased to see all resolutions approved by shareholders
except Resolution 21. Resolution 21 was a Special Resolution
submitted by a small group of shareholders, co-ordinated by
ShareAction, directing the Company to become a Living Wage
accredited employer.
The Board firmly believes the Company must preserve the right to
make independent business decisions which are not determined by an
external organisation and therefore did not support resolution
21.
Resolution 21 required 75 per cent of votes in favour to pass.
It received 16.7 per cent of votes and was therefore overwhelmingly
rejected by shareholders.
Commenting on the ShareAction resolution, Martin Scicluna,
Chairman of Sainsbury's said:
"We are proud to have led the way on colleague pay in our
industry for the past five years and to pay our colleagues the
living wage regardless of where they work in the country."
"We would like to thank our shareholders for their overwhelming
votes of support and confidence in how Simon and his team are
running the business. We believe very strongly in paying people
well for the excellent job they do for our customers every single
day. We also believe that we need to make all business investment
decisions independently and that these decisions should not be
outsourced to a third party."
Votes For % of Votes Against % of Votes cast Votes Votes
Votes Votes cast Withheld(1)
Cast Cast as a %
of ISC
To receive and adopt
the Company's
audited
Annual Report and
Financial Statements
for the 52 weeks to
5 March 2022,
together
with the Reports of
the Directors and
1 auditor 1,808,534,797 99.99 113,567 0.01 1,808,648,364 77.17% 3,767,093
--------------------- -------------- -------- -------------- -------- -------------- ------- ------------
To approve the
Annual
Report on
2 Remuneration 1,770,454,195 98.53 26,472,313 1.47 1,796,926,508 76.67% 15,487,949
--------------------- -------------- -------- -------------- -------- -------------- ------- ------------
To declare a final
dividend of 9.9
pence
per ordinary share
in respect of the
52 weeks to 5 March
3 2022 1,811,301,047 99.99 258,825 0.01 1,811,559,872 77.29% 855,585
--------------------- -------------- -------- -------------- -------- -------------- ------- ------------
To elect Jo Bertram
4 as a Director 1,794,404,993 99.07 16,869,476 0.93 1,811,274,469 77.28% 1,140,988
--------------------- -------------- -------- -------------- -------- -------------- ------- ------------
To re-elect Brian
5 Cassin as a Director 1,769,281,401 97.68 42,044,555 2.32 1,811,325,956 77.28% 1,089,501
--------------------- -------------- -------- -------------- -------- -------------- ------- ------------
To re-elect Jo
Harlow
6 as a Director 1,764,497,419 97.60 43,303,205 2.40 1,807,800,624 77.13% 4,614,804
--------------------- -------------- -------- -------------- -------- -------------- ------- ------------
To re-elect Adrian
7 Hennah as a Director 1,757,913,309 97.05 53,417,031 2.95 1,811,330,340 77.28% 1,084,918
--------------------- -------------- -------- -------------- -------- -------------- ------- ------------
To re-elect Tanuj
Kapilashrami as a
8 Director 1,768,748,163 97.65 42,538,320 2.35 1,811,286,483 77.28% 1,128,974
--------------------- -------------- -------- -------------- -------- -------------- ------- ------------
To re-elect Kevin
O'Byrne as a
9 Director 1,809,359,373 99.89 1,959,715 0.11 1,811,319,088 77.28% 1,096,198
--------------------- -------------- -------- -------------- -------- -------------- ------- ------------
To re-elect Simon
Roberts as a
10 Director 1,810,579,186 99.96 729,377 0.04 1,811,308,563 77.28% 1,106,894
--------------------- -------------- -------- -------------- -------- -------------- ------- ------------
To re-elect Martin
Scicluna as a
11 Director 1,754,846,666 96.88 56,480,483 3.12 1,811,327,149 77.28% 1,088,079
--------------------- -------------- -------- -------------- -------- -------------- ------- ------------
To re-elect Keith
12 Weed as a Director 1,769,264,042 97.68 42,060,482 2.32 1,811,324,524 77.28% 1,087,579
--------------------- -------------- -------- -------------- -------- -------------- ------- ------------
To re-appoint Ernst
& Young LLP as
13 auditor 1,807,846,519 99.81 3,493,688 0.19 1,811,340,207 77.28% 1,075,221
--------------------- -------------- -------- -------------- -------- -------------- ------- ------------
To authorise the
Audit
Committee to
determine
the auditor's
14 remuneration 1,810,160,557 99.93 1,232,064 0.07 1,811,392,621 77.29% 1,022,836
--------------------- -------------- -------- -------------- -------- -------------- ------- ------------
Directors' general
authority to allot
15 shares 1,754,340,631 96.85 57,059,589 3.15 1,811,400,220 77.29% 1,008,365
--------------------- -------------- -------- -------------- -------- -------------- ------- ------------
Directors' general
authority to
disapply
pre-emption rights
without restriction
as to use
16 (Special Resolution) 1,805,793,118 99.72 5,155,690 0.28 1,810,948,808 77.27% 1,466,649
--------------------- -------------- -------- -------------- -------- -------------- ------- ------------
Authority to
disapply
pre-emption rights
for acquisitions or
specified capital
investments
17 (Special Resolution) 1,735,381,190 95.83 75,553,648 4.17 1,810,934,838 77.27% 1,479,035
--------------------- -------------- -------- -------------- -------- -------------- ------- ------------
To authorise the
Company
to make 'political
donations' and incur
'political
18 expenditure' 1,463,294,053 99.58 6,167,956 0.42 1,469,462,009 62.70% 342,955,413
--------------------- -------------- -------- -------------- -------- -------------- ------- ------------
To authorise the
Company
to purchase its own
shares
19 (Special Resolution) 1,806,726,684 99.80 3,538,810 0.20 1,810,265,494 77.24% 2,149,891
--------------------- -------------- -------- -------------- -------- -------------- ------- ------------
To authorise the
Company
to call a general
meeting on not less
than 14 clear days'
notice
20 (Special Resolution) 1,690,202,105 93.31 121,229,131 6.69 1,811,431,236 77.29% 984,075
--------------------- -------------- -------- -------------- -------- -------------- ------- ------------
Shareholder
Resolution
on Living Wage
accreditation
21 (Special Resolution) 294,523,005 16.69 1,470,491,308 83.31 1,765,014,313 75.31% 47,414,289
--------------------- -------------- -------- -------------- -------- -------------- ------- ------------
(1) A vote withheld is not a vote under English law and is
therefore not included in the calculation of votes for and against
a resolution.
The total number of voting rights as at 7 July 2021 was 2,343,771,411 shares of 28(4) /(7) pence.
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 be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
A copy of the voting results shown above will also be made
available on the Company's website at
https://www.about.sainsburys.co.uk/investors/shareholder-information/agm
.
Investor Relations Enquiries Media Enquiries
James Collins Rebecca Reilly
+44 (0) 20 7695 0080 +44 (0) 20 7695 7295
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