Annual General Meeting 2022
Mitchells & Butlers plc (the "Company")
LEI no. 213800JHYNDNB1NS2W10
Result of Annual General Meeting
Mitchells & Butlers plc announces the results of the voting at the Company's Annual General Meeting held today, 25 January 2022, at 9.00a.m.
All the resolutions were voted on by way of a poll and the results of each resolution are shown below. All resolutions were duly approved by the relevant majority in each case. Resolution 14 was passed as a special resolution. All other resolutions were passed as ordinary resolutions and, in the case of resolutions 4 and 9, were also passed by a majority of the independent shareholders voting on the resolution, in accordance with LR 9.2.2ER.
|VOTES FOR |
|%||VOTES TOTAL||% of ISC VOTED||VOTES|
|1||Receipt of accounts||528,157,410||100.00||23,032||0.00||528,180,442||88.50%||219,131|
|2||Approval of Annual Report on Remuneration||414,751,850||78.51||113,547,459||21.49||528,299,309||88.52%||100,541|
|3||Re-elect Keith Browne||469,018,502||90.08||51,658,775||9.92||520,677,277||87.24%||7,723,073|
|4||Re-elect Dave Coplin||506,035,817||95.78||22,303,294||4.22||528,339,111||88.52%||60,648|
|5||Re-elect Eddie Irwin||402,840,812||77.37||117,834,541||22.63||520,675,353||87.24%||7,724,906|
|6||Re-elect Bob Ivell||381,914,900||72.28||146,438,162||27.72||528,353,062||88.53%||47,197|
|7||Re-elect Tim Jones||515,365,286||97.54||12,982,589||2.46||528,347,875||88.53%||51,884|
|8||Re-elect Josh Levy||392,388,251||75.36||128,288,198||24.64||520,676,449||87.24%||7,723,810|
|9||Re-elect Jane Moriarty||505,850,339||95.74||22,494,309||4.26||528,344,648||88.53%||54,936|
|10||Re-elect Phil Urban||515,279,476||97.53||13,067,807||2.47||528,347,283||88.53%||52,976|
|11||Appointment of auditor||528,021,598||99.94||337,394||0.06||528,358,992||88.53%||41,231|
|14||Notice period for meetings (c)||526,155,954||99.59||2,181,684||0.41||528,337,638||88.52%||61,811|
|VOTES EXCLUDING THE CONTROLLING SHAREHOLDER ON THE RESOLUTIONS CONCERNING THE RE-ELECTION OF THE INDEPENDENT NON-EXECUTIVE DIRECTORS|
|% of ISC VOTED (excluding controlling shareholders)||VOTES|
|4||Re-elect Dave Coplin (d)||167,202,122||88.23||22,303,294||11.77||189,505,416||73.45%||60,648|
|9||Re-elect Jane Moriarty (d)||167,016,644||88.13||22,494,309||11.87||189,510,953||73.46%||54,936|
(a) The "For" vote includes those giving the Chairman discretion.
(b) A vote "Withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" the resolution.
(c) Passed as a special resolution.
(d) Passed both as an ordinary resolution by a majority of all shareholders and by a majority of the independent shareholders voting on the resolution, in accordance with LR 9.2.2ER.
Votes "For" and "Against" are expressed as a percentage of votes received. Voting was conducted by a poll.
The Board notes the level of votes against resolution 2 (Annual Report on Remuneration), resolutions 5 and 8 concerning individuals who represent the Company's controlling shareholder (as defined in the Listing Rules) (the "controlling shareholder"), and resolution 6 concerning the Chairman. The UK Corporate Governance Code (the "Code") contains best practice recommendations in relation to corporate governance yet acknowledges that, in individual cases, these will not all necessarily be appropriate for particular companies. Accordingly, the Code specifically recognises the concept of "Comply or Explain" in relation to divergences from the Code and the Company has explained the circumstances of these appointments in detail in its 2021 Annual Report.
The number of shares in issue at 6.30p.m. on 23 January 2022 was 596,824,821, of which 257,991,126 were held by shareholders other than the controlling shareholder.
The full text of the resolutions can be found in the Notice of Annual General Meeting, which is available for inspection at the National Storage Mechanism and also on the Company's website at www.mbplc.com.
Deputy Company Secretary