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 | ||
---|---|---|---|---|---|---|---|---|
Resolution 1. Receipt of financial statements | For1 249,082,454 | Against 96.81% | % of Share capital Voted 8,198,147 | Abstain2 3.19% | Votes Total 63.09% | % of total share capital participated 79,045,448 | 336,326,049 | 82.47% |
Resolution 2. Approval of remuneration report | For1 142,142,996 | Against 61.51% | % of Share capital Voted 88,955,539 | Abstain2 38.49% | Votes Total 56.67% | % of total share capital participated 105,228,114 | 336,326,649 | 82.47% |
Resolution 3a. Reappointment of Tony Bates | For1 126,942,525 | Against 39.00% | % of Share capital Voted 198,581,771 | Abstain2 61.00% | Votes Total 79.82% | % of total share capital participated 10,802,990 | 336,327,286 | 82.47% |
Resolution 3b. Reappointment of Simon Laffin | For1 111,782,426 | Against 34.34% | % of Share capital Voted 213,763,064 | Abstain2 65.66% | Votes Total 79.83% | % of total share capital participated 10,781,796 | 336,327,286 | 82.47% |
Resolution 3c. Reappointment of Ron Robson | For1 281,049,930 | Against 84.67% | % of Share capital Voted 50,879,650 | Abstain2 15.33% | Votes Total 81.39% | % of total share capital participated 4,397,706 | 336,327,286 | 82.47% |
Resolution 4. Reappointment of auditors | For1 243,047,624 | Against 99.95% | % of Share capital Voted 124,505 | Abstain2 0.05% | Votes Total 59.63% | % of total share capital participated 93,154,520 | 336,326,649 | 82.47% |
Resolution 5. Auditors' Remuneration | For1 242,946,082 | Against 99.94% | % of Share capital Voted 140,621 | Abstain2 0.06% | Votes Total 59.61% | % of total share capital participated 93,239,946 | 336,326,649 | 82.47% |
Resolution 6. Authority to allot equity securities | For1 230,927,188 | Against 70.24% | % of Share capital Voted 97,848,549 | Abstain2 29.76% | Votes Total 80.62% | % of total share capital participated 7,550,312 | 336,326,049 | 82.47% |
Resolution 7. Disapplication of Pre-Emption Rights3 | For1 230,348,037 | Against 69.56% | % of Share capital Voted 100,804,675 | Abstain2 30.44% | Votes Total 81.20% | % of total share capital participated 5,173,213 | 336,325,925 | 82.47% |
Resolution 8. Authority to Purchase Own Shares3 | For1 238,297,226 | Against 75.39% | % of Share capital Voted 77,768,824 | Abstain2 24.61% | Votes Total 77.50% | % of total share capital participated 20,260,599 | 336,326,649 | 82.47% |
Resolution 9. Political Donations | For1 144,319,580 | Against 87.00% | % of Share capital Voted 21,573,954 | Abstain2 13.00% | Votes Total 40.68% | % of total share capital participated 170,433,389 | 336,326,923 | 82.47% |
Resolution 10. Amendments to Articles of Association3 | For1 229,579,436 | Against 70.89% | % of Share capital Voted 94,293,167 | Abstain2 29.11% | Votes Total 79.42% | % of total share capital participated 12,453,446 | 336,326,049 | 82.47% |
Resolution 11. Notice of Meetings3 | For1 237,625,270 | Against 76.33% | % of Share capital Voted 73,686,142 | Abstain2 23.67% | Votes Total 76.34% | % of total share capital participated 25,014,637 | 336,326,049 | 82.47% |
Resolution 12a. Appointment of John Lovering | For1 284,397,576 | Against 84.75% | % of Share capital Voted 51,158,908 | Abstain2 15.25% | Votes Total 82.28% | % of total share capital participated 770,802 | 336,327,286 | 82.47% |
Resolution 12b. Appointment of Michael Balfour | For1 213,953,520 | Against 65.82% | % of Share capital Voted 111,110,892 | Abstain2 34.18% | Votes Total 79.71% | % of total share capital participated 11,264,970 | 336,329,382 | 82.47% |
Resolution 12c. Appointment of Jeremy Blood | For1 222,475,822 | Against 68.43% | % of Share capital Voted 102,640,853 | Abstain2 31.57% | Votes Total 79.72% | % of total share capital participated 11,212,707 | 336,329,382 | 82.47% |
Resolution 12d. Appointment of Simon Burke | For1 202,495,981 | Against 76.74% | % of Share capital Voted 61,365,427 | Abstain2 23.26% | Votes Total 64.70% | % of total share capital participated 72,465,878 | 336,327,286 | 82.47% |
Resolution 13. Removal of Drummond Hall | For1 222,655,450 | Against 68.51% | % of Share capital Voted 102,357,851 | Abstain2 31.49% | Votes Total 79.70% | % of total share capital participated 11,315,481 | 336,328,782 | 82.47% |
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
Canary Wharf
London E14 5HS
Telephone 020-7066-1000
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.