RNS Number : 5923Z
Mitchells & Butlers PLC
25 January 2022
 

25 January 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 (a)

%

VOTES AGAINST

%

VOTES TOTAL

% of ISC VOTED

VOTES WITHHELD (b)

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

12

Auditor's remuneration

527,597,343

99.86

743,839

0.14

528,341,182

88.53%

59,077

13

Political donations

526,287,855

99.63

1,961,432

0.37

528,249,287

88.51%

150,972

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



VOTES FOR (a)

%

VOTES AGAINST

%

VOTES TOTAL

% of ISC VOTED (excluding controlling shareholder)

VOTES WITHHELD (b)

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

 

NOTES:

(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 https://data.fca.org.uk/#/nsm/nationalstoragemechanism and also on the Company's website at www.mbplc.com.

 

Denise Burton

Deputy Company Secretary

 

 

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