TIDMBATS

RNS Number : 5463L

British American Tobacco PLC

30 April 2020

BRITISH AMERICAN TOBACCO p.l.c.

RESULTS OF VOTING AT THE 2020 ANNUAL GENERAL MEETING

The Annual General Meeting of British American Tobacco p.l.c. was held at Globe House, 4 Temple Place, London WC2R 2PG on 30 April 2020.

The tables below set out the results of the poll on each of the total of 20 Resolutions as stated in the Notice of Meeting dated 26 March 2020. All valid proxy votes (whether submitted electronically or in hard copy form) were included in the poll taken at the Meeting. Each shareholder, present in person or by proxy, was entitled to one vote per ordinary share of 25p held.

 
  Resolution 1 
   Receipt of 2019 Report and Accounts 
  ---------------------------------------------  -------------- 
   For - Note (b)                                 1,740,970,434 
   Percent of Votes Cast                                 99.75% 
   Percent of Issued Share Capital                       75.89% 
  -----------------------------------------  ------------------ 
   Against                                            4,425,123 
   Percent of Votes Cast                                  0.25% 
   Percent of Issued Share Capital                        0.19% 
  -----------------------------------------  ------------------ 
   Total Votes Cast (Excl. Votes Withheld)        1,745,395,557 
   Percent of Issued Share Capital                       76.08% 
  -----------------------------------------  ------------------ 
   Votes Withheld - Note (c)                          4,221,144 
  -----------------------------------------  ------------------ 
 
   Resolution 2 
   Approval of the 2019 Directors' Remuneration 
    Report 
  ----------------------------------------------  -------------- 
   For - Note (b)                                    1,081,334,586 
   Percent of Votes Cast                                    61.94% 
   Percent of Issued Share Capital                          47.13% 
  ---------------------------------------------  ----------------- 
   Against                                             664,416,231 
   Percent of Votes Cast                                    38.06% 
   Percent of Issued Share Capital                          28.96% 
  ---------------------------------------------  ----------------- 
   Total Votes Cast (Excl. Votes Withheld)           1,745,750,817 
   Percent of Issued Share Capital                          76.09% 
  ---------------------------------------------  ----------------- 
   Votes Withheld - Note (c)                             3,859,408 
  ---------------------------------------------  ----------------- 
 
 
   Resolution 3 
   Reappointment of KPMG LLP as Auditors 
  ------------------------------------------  --------------- 
   For - Note (b)                               1,735,990,590 
   Percent of Votes Cast                               99.72% 
   Percent of Issued Share Capital                     75.67% 
  -----------------------------------------  ---------------- 
   Against                                          4,868,206 
   Percent of Votes Cast                                0.28% 
   Percent of Issued Share Capital                      0.21% 
  -----------------------------------------  ---------------- 
   Total Votes Cast (Excl. Votes Withheld)      1,740,858,796 
   Percent of Issued Share Capital                     75.88% 
  -----------------------------------------  ---------------- 
   Votes Withheld - Note (c)                        8,757,294 
  -----------------------------------------  ---------------- 
 
 
   Resolution 4 
   Authority for the Audit Committee to agree 
    the Auditors' remuneration 
  ----------------------------------------------  --------------- 
   For - Note (b)                                   1,745,866,826 
   Percent of Votes Cast                                   99.85% 
   Percent of Issued Share Capital                         76.10% 
  ------------------------------------------  ------------------- 
   Against                                              2,546,932 
   Percent of Votes Cast                                    0.15% 
   Percent of Issued Share Capital                          0.11% 
  ------------------------------------------  ------------------- 
   Total Votes Cast (Excl. Votes Withheld)          1,748,413,758 
   Percent of Issued Share Capital                         76.21% 
  ------------------------------------------  ------------------- 
   Votes Withheld - Note (c)                            1,202,332 
  ------------------------------------------  ------------------- 
 
 
    Resolution 5 
   Re-election of Jack Bowles as a Director 
  --------------------------------------------------------------- 
   For - Note (b)                                   1,747,172,139 
   Percent of Votes Cast                                   99.93% 
   Percent of Issued Share Capital                         76.16% 
  ------------------------------------------  ------------------- 
   Against                                              1,261,832 
   Percent of Votes Cast                                    0.07% 
   Percent of Issued Share Capital                          0.06% 
  ------------------------------------------  ------------------- 
   Total Votes Cast (Excl. Votes Withheld)          1,748,433,971 
   Percent of Issued Share Capital                         76.21% 
  ------------------------------------------  ------------------- 
   Votes Withheld - Note (c)                            1,182,312 
  ------------------------------------------  ------------------- 
 
 
   Resolution 6 
   Re-election of Richard Burrows as a Director 
  ----------------------------------------------  --------------- 
   For - Note (b)                                   1,695,365,535 
   Percent of Votes Cast                                   98.74% 
   Percent of Issued Share Capital                         73.90% 
  ---------------------------------------------  ---------------- 
   Against                                             21,668,118 
   Percent of Votes Cast                                    1.26% 
   Percent of Issued Share Capital                          0.94% 
  ---------------------------------------------  ---------------- 
   Total Votes Cast (Excl. Votes Withheld)          1,717,033,653 
   Percent of Issued Share Capital                         74.84% 
  ---------------------------------------------  ---------------- 
   Votes Withheld - Note (c)                           32,578,544 
  ---------------------------------------------  ---------------- 
   Resolution 7 
    Re-election of Sue Farr as a Director 
   ------------------------------------------  --------------- 
    For - Note (b)                               1,574,164,446 
    Percent of Votes Cast                               90.04% 
    Percent of Issued Share Capital                     68.61% 
   -----------------------------------------  ---------------- 
    Against                                        174,151,876 
    Percent of Votes Cast                                9.96% 
    Percent of Issued Share Capital                      7.59% 
   -----------------------------------------  ---------------- 
    Total Votes Cast (Excl. Votes Withheld)      1,748,316,322 
    Percent of Issued Share Capital                     76.21% 
   -----------------------------------------  ---------------- 
    Votes Withheld - Note (c)                        1,300,380 
   -----------------------------------------  ---------------- 
 
 
 Resolution 8 
 Re-election of Dr Marion Helmes as a 
  Director 
------------------------------------------  --------------- 
 For - Note (b)                               1,442,383,287 
 Percent of Votes Cast                               82.50% 
 Percent of Issued Share Capital                     62.87% 
-------------------------------------------  -------------- 
 Against                                        305,924,198 
 Percent of Votes Cast                               17.50% 
 Percent of Issued Share Capital                     13.33% 
-------------------------------------------  -------------- 
 Total Votes Cast (Excl. Votes Withheld)      1,748,307,485 
 Percent of Issued Share Capital                     76.21% 
-------------------------------------------  -------------- 
 Votes Withheld - Note (c)                        1,309,217 
-------------------------------------------  -------------- 
 
 
   Resolution 9 
 Re-election of Luc Jobin as a Director 
------------------------------------------  --------------- 
 For - Note (b)                               1,744,591,256 
 Percent of Votes Cast                               99.79% 
 Percent of Issued Share Capital                     76.04% 
-----------------------------------------  ---------------- 
 Against                                          3,720,551 
 Percent of Votes Cast                                0.21% 
 Percent of Issued Share Capital                      0.16% 
-----------------------------------------  ---------------- 
 Total Votes Cast (Excl. Votes Withheld)      1,748,311,807 
 Percent of Issued Share Capital                     76.21% 
-----------------------------------------  ---------------- 
 Votes Withheld - Note (c)                        1,304,895 
-----------------------------------------  ---------------- 
 
 
 
 Resolution 10 
 Re-election of Holly Keller Koeppel 
  as a Director 
-----------------------------------------  -------------- 
 For - Note (b)                             1,737,209,181 
 Percent of Votes Cast                             99.37% 
 Percent of Issued Share Capital                   75.72% 
-----------------------------------------  -------------- 
 Against                                       11,060,683 
 Percent of Votes Cast                              0.63% 
 Percent of Issued Share Capital                    0.48% 
-----------------------------------------  -------------- 
 Total Votes Cast (Excl. Votes Withheld)    1,748,269,864 
 Percent of Issued Share Capital                   76.20% 
-----------------------------------------  -------------- 
 Votes Withheld - Note (c)                      1,346,837 
-----------------------------------------  -------------- 
 
 
 
 Resolution 11 
 Re-election of Savio Kwan as a Director 
-----------------------------------------  -------------- 
 For - Note (b)                             1,574,429,906 
 Percent of Votes Cast                             90.06% 
 Percent of Issued Share Capital                   68.63% 
-----------------------------------------  -------------- 
 Against                                      173,860,989 
 Percent of Votes Cast                              9.94% 
 Percent of Issued Share Capital                    7.58% 
-----------------------------------------  -------------- 
 Total Votes Cast (Excl. Votes Withheld)    1,748,290,895 
 Percent of Issued Share Capital                   76.20% 
-----------------------------------------  -------------- 
 Votes Withheld - Note (c)                      1,325,807 
-----------------------------------------  -------------- 
 
 
 
 Resolution 12 
 Re-election of Dimitri Panayotopoulos 
  as a Director 
-----------------------------------------  -------------- 
 For - Note (b)                             1,557,526,215 
 Percent of Votes Cast                             89.17% 
 Percent of Issued Share Capital                   67.89% 
-----------------------------------------  -------------- 
 Against                                      189,154,129 
 Percent of Votes Cast                             10.83% 
 Percent of Issued Share Capital                    8.24% 
-----------------------------------------  -------------- 
 Total Votes Cast (Excl. Votes Withheld)    1,746,680,344 
 Percent of Issued Share Capital                   76.13% 
-----------------------------------------  -------------- 
 Votes Withheld - Note (c)                      2,936,358 
-----------------------------------------  -------------- 
 
 
 
 
    Resolution 13 
 Election of Jeremy Fowden as a Director 
-----------------------------------------  -------------- 
 For - Note (b)                             1,743,843,438 
 Percent of Votes Cast                             99.75% 
 Percent of Issued Share Capital                   76.01% 
-----------------------------------------  -------------- 
 Against                                        4,432,406 
 Percent of Votes Cast                              0.25% 
 Percent of Issued Share Capital                    0.19% 
-----------------------------------------  -------------- 
 Total Votes Cast (Excl. Votes Withheld)    1,748,275,844 
 Percent of Issued Share Capital                   76.20% 
-----------------------------------------  -------------- 
 Votes Withheld - Note (c)                      1,340,858 
-----------------------------------------  -------------- 
 
 
 
 Resolution 14 
 Election of Tadeu Marroco as a Director 
----------------------------------------- 
 For - Note (b)                                 1,735,186,834 
 Percent of Votes Cast                                 99.25% 
 Percent of Issued Share Capital                       75.63% 
-----------------------------------------  ------------------ 
 Against                                           13,069,808 
 Percent of Votes Cast                                  0.75% 
 Percent of Issued Share Capital                        0.57% 
-----------------------------------------  ------------------ 
 Total Votes Cast (Excl. Votes Withheld)        1,748,256,642 
 Percent of Issued Share Capital                       76.20% 
-----------------------------------------  ------------------ 
 Votes Withheld - Note (c)                          1,360,060 
-----------------------------------------  ------------------ 
 
 
 
 Resolution 15 
 Renewal of Directors' authority to allot 
  shares 
------------------------------------------  -------------- 
 For - Note (b)                              1,265,356,664 
 Percent of Votes Cast                              72.38% 
 Percent of Issued Share Capital                    55.15% 
------------------------------------------  -------------- 
 Against                                       482,742,343 
 Percent of Votes Cast                              27.62% 
 Percent of Issued Share Capital                    21.04% 
------------------------------------------  -------------- 
 Total Votes Cast (Excl. Votes Withheld)     1,748,099,007 
 Percent of Issued Share Capital                    76.20% 
------------------------------------------  -------------- 
 Votes Withheld - Note (c)                       1,517,694 
------------------------------------------  -------------- 
 
 
 
 Resolution 16 - Note (d) 
 Renewal of Directors' authority to disapply 
  pre-emption rights 
---------------------------------------------  -------------- 
 For - Note (b)                                 1,468,920,343 
 Percent of Votes Cast                                 84.04% 
 Percent of Issued Share Capital                       64.03% 
---------------------------------------------  -------------- 
 Against                                          278,978,193 
 Percent of Votes Cast                                 15.96% 
 Percent of Issued Share Capital                       12.16% 
---------------------------------------------  -------------- 
 Total Votes Cast (Excl. Votes Withheld)        1,747,898,536 
 Percent of Issued Share Capital                       76.19% 
---------------------------------------------  -------------- 
 Votes Withheld - Note (c)                          1,718,159 
---------------------------------------------  -------------- 
 
 
 
 
   Resolution 17 - Note (d) 
 Authority for the Company to purchase 
  its own shares 
-----------------------------------------  -------------- 
 For - Note (b)                             1,701,849,997 
 Percent of Votes Cast                             97.37% 
 Percent of Issued Share Capital                   74.18% 
-----------------------------------------  -------------- 
 Against                                       46,037,064 
 Percent of Votes Cast                              2.63% 
 Percent of Issued Share Capital                    2.01% 
-----------------------------------------  -------------- 
 Total Votes Cast (Excl. Votes Withheld)    1,747,887,061 
 Percent of Issued Share Capital                   76.19% 
-----------------------------------------  -------------- 
 Votes Withheld - Note (c)                      1,729,639 
-----------------------------------------  -------------- 
 
 
 
 Resolution 18 
 Approval of the British American Tobacco 
  Restricted Share Plan 
------------------------------------------  -------------- 
 For - Note (b)                              1,649,978,029 
 Percent of Votes Cast                              94.40% 
 Percent of Issued Share Capital                    71.92% 
------------------------------------------  -------------- 
 Against                                        97,967,371 
 Percent of Votes Cast                               5.60% 
 Percent of Issued Share Capital                     4.27% 
------------------------------------------  -------------- 
 Total Votes Cast (Excl. Votes Withheld)     1,747,945,400 
 Percent of Issued Share Capital                    76.19% 
------------------------------------------  -------------- 
 Votes Withheld - Note (c)                       1,665,229 
------------------------------------------  -------------- 
 
 
 
 Resolution 19 
 Authority to make donations to political organisations 
  and to incur political expenditure 
------------------------------------------------------------------------ 
 For - Note (b)                                            1,585,976,112 
 Percent of Votes Cast                                            90.74% 
 Percent of Issued Share Capital                                  69.13% 
--------------------------------------------------------  -------------- 
 Against                                                     161,774,633 
 Percent of Votes Cast                                             9.26% 
 Percent of Issued Share Capital                                   7.05% 
--------------------------------------------------------  -------------- 
 Total Votes Cast (Excl. Votes Withheld)                   1,747,750,745 
 Percent of Issued Share Capital                                  76.18% 
--------------------------------------------------------  -------------- 
 Votes Withheld - Note (c)                                     1,862,566 
--------------------------------------------------------  -------------- 
 
   Resolution 20 - Note (d) 
 Notice period for General Meetings 
--------------------------------------------------------  -------------- 
 For - Note (b)                                            1,568,197,534 
 Percent of Votes Cast                                            89.70% 
 Percent of Issued Share Capital                                  68.35% 
--------------------------------------------------------  -------------- 
 Against                                                     180,156,371 
 Percent of Votes Cast                                            10.30% 
 Percent of Issued Share Capital                                   7.85% 
--------------------------------------------------------  -------------- 
 Total Votes Cast (Excl. Votes Withheld)                   1,748,353,905 
 Percent of Issued Share Capital                                  76.21% 
--------------------------------------------------------  -------------- 
 Votes Withheld - Note (c)                                     1,262,797 
--------------------------------------------------------  -------------- 
 
 

Notes:

(a) The total number of ordinary shares in issue (excluding treasury shares) at the close of business on Wednesday 29 April 2020 was 2,294,203,487.

   (b)           Includes discretionary votes. 

(c) A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes 'For' or 'Against' a resolution.

(d) In accordance with Listing Rules 9.6.2R and 9.6.3R, copies of the resolutions numbered 16, 17 and 20 will be submitted to the National Storage Mechanism as soon as practicable and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. A copy of the resolutions may also be obtained from the Notice of Meeting which is available on the Company's website at www.bat.com/agm .

All resolutions were passed at the Company's Annual General Meeting today with the requisite majority of votes.

Resolution 2 - Directors' Remuneration Report

In respect of resolution 2 (Directors' Remuneration Report), we acknowledge that a significant minority of shareholders chose not to support this resolution.

This year, as with every year, the Remuneration Committee has given careful consideration to executive remuneration. Our executive remuneration arrangements are fully in line with our Directors' Remuneration Policy which was approved by a significant majority of our shareholders at our 2019 Annual General Meeting with 92.6% of votes in favour of the policy.

However, the views of all our shareholders are important to us and we will continue to listen to their views to better understand the specific concerns of those who voted against this resolution. Prior to today's Annual General Meeting, we engaged with a number of our shareholders on our executive remuneration arrangements and we will continue to actively engage shareholders on this important topic during 2020.

Resolution 15 - Authority to allot shares

We acknowledge that a number of our shareholders did not support this resolution. It remains standard market practice for many UK FTSE listed companies to retain this type of authority. As we have previously reported, the authority sought by the Company is in accordance with the UK Investment Association's share capital management guidelines and prevailing voting guidelines of leading corporate governance agencies applicable to UK listed companies.

However, we remain aware that some institutional investors, particularly outside the UK, have specific policies against supporting this type of resolution. Following the outcome of today's vote, we will continue our ongoing engagement with shareholders for which this authority presents concern and will keep best practice in this area under review.

P McCrory

Secretary

British American Tobacco p.l.c.

30 April 2020

Enquiries:

Investor Relations

Mike Nightingale/Victoria Buxton/William Houston/John Harney

+44 20 7845 1180/2012/1138/1263

British American Tobacco Press Office

+44 (0) 20 7845 2888 (24 hours) | @BATPress

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