Result of General Meeting - January 2010
The Annual General Meeting of Mitchells & Butlers was held on Thursday 28 January 2010 at the International Convention Centre, Birmingham at 11am with all the Directors of the Board in attendance. There was a high degree of participation, some 82.47% of shares in issue, at the AGM.
Each of the resolutions were voted on by way of a poll and the results of each resolution are shown below. Resolutions 1, 2, 3c, 4, 5, 6, 8, 9, 11, 12a, 12b, 12c, 12d and 13 were approved, resolutions 3a, 3b, 7 and 10 were not approved.
|Resolution||For1||Against||% of Share capital Voted||Abstain2||Votes Total||% of total share capital participated|
|No. of shares1||%||No. of shares||%||No. of shares||No. of shares|
|1. Receipt of financial statements||249,082,454||96.81%||8,198,147||3.19%||63.09%||79,045,448||336,326,049||82.47%|
|2. Approval of remuneration report||142,142,996||61.51%||88,955,539||38.49%||56.67%||105,228,114||336,326,649||82.47%|
|3a. Reappointment of Tony Bates||126,942,525||39.00%||198,581,771||61.00%||79.82%||10,802,990||336,327,286||82.47%|
|3b. Reappointment of Simon Laffin||111,782,426||34.34%||213,763,064||65.66%||79.83%||10,781,796||336,327,286||82.47%|
|3c. Reappointment of Ron Robson||281,049,930||84.67%||50,879,650||15.33%||81.39%||4,397,706||336,327,286||82.47%|
|4. Reappointment of auditors||243,047,624||99.95%||124,505||0.05%||59.63%||93,154,520||336,326,649||82.47%|
|5. Auditors' Remuneration||242,946,082||99.94%||140,621||0.06%||59.61%||93,239,946||336,326,649||82.47%|
|6. Authority to allot equity securities||230,927,188||70.24%||97,848,549||29.76%||80.62%||7,550,312||336,326,049||82.47%|
|7. Disapplication of Pre-Emption Rights3||230,348,037||69.56%||100,804,675||30.44%||81.20%||5,173,213||336,325,925||82.47%|
|8. Authority to Purchase Own Shares3||238,297,226||75.39%||77,768,824||24.61%||77.50%||20,260,599||336,326,649||82.47%|
|9. Political Donations||144,319,580||87.00%||21,573,954||13.00%||40.68%||170,433,389||336,326,923||82.47%|
|10. Amendments to Articles of Association3||229,579,436||70.89%||94,293,167||29.11%||79.42%||12,453,446||336,326,049||82.47%|
|11. Notice of Meetings3||237,625,270||76.33%||73,686,142||23.67%||76.34%||25,014,637||336,326,049||82.47%|
|12a. Appointment of John Lovering||284,397,576||84.75%||51,158,908||15.25%||82.28%||770,802||336,327,286||82.47%|
|12b. Appointment of Michael Balfour||213,953,520||65.82%||111,110,892||34.18%||79.71%||11,264,970||336,329,382||82.47%|
|12c. Appointment of Jeremy Blood||222,475,822||68.43%||102,640,853||31.57%||79.72%||11,212,707||336,329,382||82.47%|
|12d. Appointment of Simon Burke||202,495,981||76.74%||61,365,427||23.26%||64.70%||72,465,878||336,327,286||82.47%|
|13. Removal of Drummond Hall||222,655,450||68.51%||102,357,851||31.49%||79.70%||11,315,481||336,328,782||82.47%|
|1 The "For" vote includes those giving the Chairman discretion.|
|2 These votes are not counted towards the votes cast at the Annual General Meeting|
|3 Special resolutions|
Following the results of the poll the new Board will make an announcement in due course.
The number of shares in issue at 11am on Tuesday, 26 January 2010 was 407,817,367 excluding shares held in Treasury.
The full text of all the resolutions can be found in the Notice of Annual General Meeting and supplementary letters of 23 December 2009 and 4 January 2010 which are available for viewing at the UK Listing Authority's Document Viewing Facility, the address of which is shown below, and also on the Company's website www.mbplc.com. A copy of the resolutions passed under special business (as defined by the listing rules of the UK Listing Authority) will shortly be submitted to the UK Listing Authority's Document Viewing Facility at the address below.
Financial Services Authority
25 The North Colonnade
London E14 5HS
Further to the poll results today, John Lovering, Jeremy Blood, Michael Balfour and Simon Burke have today been appointed Directors of the Company. Biographical details for each of them are set out below. There is no further information requiring disclosure in relation to each of the new Directors under paragraphs 9.6.13 (2) to (6) of the Listing Rules of the UK Listing Authority.
John Lovering is currently Chairman of Debenhams Retail PLC. He has been Chairman of Debenhams Retail since January 2004 and of the PLC since the flotation in May 2006. He will officially step down on 31 March 2010. Other current roles include Managing Partner at Lovering & Lovering and Partner at Echelon Investments LLP.
Previously, Mr Lovering was Chairman of Laurel Pub Company Limited, Fitness First Limited, Odeon Limited, Homebase Group Limited, Fired Earth Limited, Peacock Group, Somerfield Limited and Birthdays Group Limited. He also served as Finance Director of Sears plc, Chief Operating Officer of Tarmac plc and was a director of AGA Foodservice Group PLC.
Jeremy Blood was Managing Director at Scottish & Newcastle (S&N) from 2007 until May 2009 having been at S&N since 1988. He joined initially as Brand Manager for Beer Marketing. Subsequently he held various roles such as Sales & Customer Service Director, Strategy & Marketing Director, Director of Corporate Affairs and Managing Director for S&N Pub Enterprises.
Michael Balfour, a chartered accountant, was the founder of Fitness First which he grew from one club in 1992 to the largest chain of health clubs in the World with 530 clubs in 21 countries. Fitness First was floated on the London Stock Exchange in 1996. The Company was acquired by private equity in 2005 for £835m. Michael stepped down as Chairman in April 2009. Michael is currently Chairman and founder of The Hideaways Club, which is now Europe's largest private residence owners club. In 2008 Michael was awarded an OBE for services to business.
Simon Burke is currently Executive Chairman of Superquinn, Non-Executive Chairman at Majestic Wine PLC and Chairman at National Gallery Co. Previous roles include Chairman at Total Home Entertainment (2003 - 2006), Executive Chairman at Hamleys Plc (2001 - 2003) and Chairman at Virgin Cinemas (1995 - 1999). Mr Burke started his career as a Chartered Accountant for Binder Hamlyn in 1976.