TIDMNXT

RNS Number : 9226M

Next PLC

14 May 2020

 
 Contacts:      Alistair Mackinnon-Musson 
                Rowbell PR                               Tel: 020 7717 5239 
                Email: next@rowbellpr.com 
 
 Photographs:   Photographs available at: 
                 http://press.next.co.uk/media/company-images/campaignimages.aspx 
 

NEXT PLC

Results of 2020 Annual General Meeting ("AGM")

The Board of Next plc is pleased to announce that at the AGM of Next shareholders held on 14 May 2020 all resolutions as set out in the Notice of Meeting contained in the Annual Report and Accounts for the year ended 25 January 2020 were passed.

All resolutions were put to the meeting and approved on a poll and results are detailed below.

The total number of shares on the register at 6.30 pm on 12 May 2020, being those eligible to be voted on at the AGM, was 132,949,276.

 
                                                                                                      % of 
                                                                                                     shares 
                                                                                                       on 
                                                                                                    register 
                                                                                                       at 
                                                                                                     6.30pm 
                                                                                      TOTAL VOTES    12 May       Votes 
                                                For                   Against             CAST        2020     withheld(1) 
                          ----------  -----------------------  --------------------  ------------  ---------  ------------ 
       Resolution           Special       No. of         %        No. of       %        No. of         %         No. of 
                               /           Votes                   Votes                 Votes                    Votes 
                           Ordinary 
                          ----------  --------------  -------  -----------  -------  ------------  ---------  ------------ 
 1 To receive and 
  adopt the accounts 
  and reports of 
  the directors and 
  auditor                  Ordinary     101,107,641    100.0%      773        0.0%    101,108,414    76.05%      227,830 
                          ----------  --------------  -------  -----------  -------  ------------  ---------  ------------ 
 2 To adopt the 
  Remuneration Policy      Ordinary     92,690,078     91.82%   8,252,433    8.18%    100,942,511    75.93%      393,732 
                          ----------  --------------  -------  -----------  -------  ------------  ---------  ------------ 
 3 To approve the 
  Remuneration report      Ordinary     96,952,432     97.03%   2,964,177    2.97%    99,916,609     75.15%     1,419,634 
                          ----------  --------------  -------  -----------  -------  ------------  ---------  ------------ 
 4 To re-elect Jonathan 
  Bewes as a director      Ordinary     98,475,535     97.33%   2,696,361    2.67%    101,171,896    76.10%      164,347 
                          ----------  --------------  -------  -----------  -------  ------------  ---------  ------------ 
 5 To re-elect Tristia 
  Harrison as a director   Ordinary     100,525,541    99.36%    646,624     0.64%    101,172,165    76.10%      164,079 
                          ----------  --------------  -------  -----------  -------  ------------  ---------  ------------ 
 6 To re-elect Amanda 
  James as a director      Ordinary     99,722,096     98.57%   1,450,063    1.43%    101,172,159    76.10%      164,084 
                          ----------  --------------  -------  -----------  -------  ------------  ---------  ------------ 
 7 To re-elect Richard 
  Papp as a director       Ordinary     100,264,827    99.10%    907,216     0.90%    101,172,043    76.10%      164,200 
                          ----------  --------------  -------  -----------  -------  ------------  ---------  ------------ 
 8 To re-elect Michael 
  Roney as a director      Ordinary     89,187,316     89.66%   10,283,486   10.34%   99,470,802     74.82%     1,865,441 
                          ----------  --------------  -------  -----------  -------  ------------  ---------  ------------ 
 9 To re-elect Francis 
  Salway as a director     Ordinary     98,012,612     96.94%   3,092,043    3.06%    101,104,655    76.05%      231,588 
                          ----------  --------------  -------  -----------  -------  ------------  ---------  ------------ 
 10 To re-elect 
  Jane Shields as 
  a director               Ordinary     100,433,259    99.27%    741,992     0.73%    101,175,251    76.10%      160,992 
                          ----------  --------------  -------  -----------  -------  ------------  ---------  ------------ 
 11 To re-elect 
  Dame Dianne Thompson 
  as a director            Ordinary     100,625,877    99.46%    545,139     0.54%    101,171,016    76.10%      165,228 
                          ----------  --------------  -------  -----------  -------  ------------  ---------  ------------ 
 12 To re-elect 
  Lord Wolfson as 
  a director               Ordinary     100,506,243    99.34%    670,280     0.66%    101,176,523    76.10%      159,721 
                          ----------  --------------  -------  -----------  -------  ------------  ---------  ------------ 
 13 To re-appoint 
  PricewaterhouseCoopers 
  LLP as auditor           Ordinary     101,138,671    99.96%     37,893     0.04%    101,176,564    76.10%      159,680 
                          ----------  --------------  -------  -----------  -------  ------------  ---------  ------------ 
 14 To authorise 
  the Audit Committee 
  to set the auditor's 
  remuneration             Ordinary     101,134,044    99.96%     43,221     0.04%    101,177,265    76.10%      158,979 
                          ----------  --------------  -------  -----------  -------  ------------  ---------  ------------ 
 15 To authorise 
  the directors to 
  amend the rules 
  of the Next LTIP         Ordinary     98,389,678     97.25%   2,781,351    2.75%    101,171,029    76.10%      165,215 
                          ----------  --------------  -------  -----------  -------  ------------  ---------  ------------ 
 16 To extend the 
  Next SMP                 Ordinary     96,776,834     95.66%   4,394,235    4.34%    101,171,069    76.10%      165,175 
                          ----------  --------------  -------  -----------  -------  ------------  ---------  ------------ 
 17 To extend the 
  Next Sharesave 
  Plan                     Ordinary     100,560,711    99.40%    611,772     0.60%    101,172,483    76.10%      163,761 
                          ----------  --------------  -------  -----------  -------  ------------  ---------  ------------ 
 18 To extend the 
  Next MSOP                Ordinary     100,573,749    99.41%    597,084     0.59%    101,170,833    76.10%      165,411 
                          ----------  --------------  -------  -----------  -------  ------------  ---------  ------------ 
 19 Directors' authority 
  to allot shares          Ordinary     96,957,358     95.83%   4,216,648    4.17%    101,174,006    76.10%      162,238 
                          ----------  --------------  -------  -----------  -------  ------------  ---------  ------------ 
 20 General authority 
  to disapply 
  pre-emption 
  rights                    Special     101,119,365    99.95%     51,815     0.05%    101,171,180    76.10%      165,064 
                          ----------  --------------  -------  -----------  -------  ------------  ---------  ------------ 
 21 Additional authority 
  to disapply 
  pre-emption 
  rights                    Special     98,633,784     97.49%   2,536,676    2.51%    101,170,460    76.10%      165,784 
                          ----------  --------------  -------  -----------  -------  ------------  ---------  ------------ 
 22 Authority for 
  on-market purchase 
  of own shares             Special     98,956,361     97.86%   2,168,873    2.14%    101,125,234    76.06%      211,009 
                          ----------  --------------  -------  -----------  -------  ------------  ---------  ------------ 
 23(2) Authority 
  for off-market 
  purchases of own 
  shares                     Special    98,653,832     97.56%   2,470,722    2.44%    101,124,554    76.06%      211,689 
 Less votes disregarded 
  under the provisions 
  of the Companies 
  Act 2006                              (3,000,000)                                   (3,000,000) 
 Resolution 23 total                   95,653,832(2)   97.48%   2,470,722    2.52%    98,124,554     73.81%      211,689 
                                      --------------  -------  -----------  -------  ------------  ---------  ------------ 
 24 To increase 
  the Company's 
  borrowing 
  powers                    Special     93,726,546     92.64%   7,440,865    7.36%    101,167,411    76.09%      168,833 
                          ----------  --------------  -------  -----------  -------  ------------  ---------  ------------ 
 25 To adopt new 
  articles of 
  association               Special     101,158,861    100.0%     4,561       0.0%    101,163,422    76.09%      172,822 
                          ----------  --------------  -------  -----------  -------  ------------  ---------  ------------ 
 26 Notice period 
  of general meetings       Special     96,031,957     94.92%   5,144,260    5.08%    101,176,217    76.10%      160,026 
========================  ==========  ==============  =======  ===========  =======  ============  =========  ============ 
 

Note1: The 'Vote Withheld' option is provided to enable the shareholder to abstain on any resolution. It is not a vote in law and is not counted in the calculation of the proportion of votes for and against a resolution.

Note(2) : The total maximum number of Ordinary Shares which may be purchased by Next for cancellation pursuant to such contingent purchase contracts is 3.0 million. Next has disregarded 3.0 million votes from both the total number of votes cast in favour of the resolution and the total votes cast so that the voting of those shares did not affect the result of the poll.

In accordance with LR 9.6.2 and 9.2.6ER(1), a copy of resolutions passed as special business along with the new articles of association will be submitted as soon as practicable to the National Storage Mechanism and will be available shortly for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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May 14, 2020 07:30 ET (11:30 GMT)

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