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Barratt Developments Plc

Barratt Development announce AGM results

Barratt Developments (LONBDEV) held its sixty-first Annual General Meeting on Wednesday 16th October 2019, at The Royal College of Physicians, 11 St Andrews Place, London NW1 4LE.

All resolutions put to the meeting were voted on by way of a poll and were passed by the shareholders. The results of the poll for each such resolution are shown below:

Poll Results

ResolutionVotes For (including Chairman’s discretionary votes) Votes Against Votes Withheld1Total Votes Cast (excluding votes withheld) 
  No. of Shares% of shares votedNo. of Shares% of shares votedNo. of SharesNo. of Shares% of issued share capital
  696,049,634100.00%34,6770.00%600,063696,084,31168.36%
1To receive the Auditor’s and Directors’ reports, the Strategic Report and the accounts for the year ended 30 June 2019.
  685,316,68598.39%11,234,6811.61%133,008696,551,36668.41%
2To approve the Directors’ Remuneration Report for the year ended 30 June 2019 (excluding the Directors’ Remuneration Policy).
  704,108,98799.90%690,9650.10%35,746704,799,95269.22%
3To declare a final dividend of 19.5 pence per ordinary share in respect of the financial year ended 30 June 2019.
  704,647,68299.98%152,2700.02%35,746704,799,95269.22%
4To approve a special dividend of 17.3 pence per ordinary share.
  
  696,012,41298.76%8,736,6601.24%86,626704,749,07269.22%
5To re-elect John Allan as a director of the Company.
  699,230,97999.22%5,519,2490.78%85,470704,750,22869.22%
6To re-elect David Thomas as a director of the Company.
  698,227,84199.08%6,513,3320.92%94,525704,741,17369.21%
7To re-elect Mr Steven Boyes as a director of the Company
  696,649,72898.85%8,100,7611.15%85,209704,750,48969.22%
8To re-elect Jessica White as a director of the Company.
  694,852,11498.75%8,795,0111.25%1,188,573703,647,12569.11%
9To re-elect Richard Akers as a director of the Company.
  692,098,75999.35%4,500,9190.65%84,696696,599,67868.42%
10To re-elect Nina Bibby as a director of the Company.
  691,523,81499.27%5,061,4880.73%99,072696,585,30268.41%
11To re-elect Jock Lennox as a director of the Company.
  692,057,72999.35%4,545,1320.65%81,513696,602,86168.42%
12To re-elect Sharon White as a director of the Company.
  689,959,98999.05%6,636,3220.95%88,063696,596,31168.41%
13To re-appoint Deloitte LLP as the auditor of the Company.
  692,136,42899.36%4,455,1220.64%92,824696,591,55068.41%
14To authorise the Audit Committee to fix the auditor’s remuneration.
  580,261,31283.78%112,305,31416.22%4,117,748692,566,62668.02%
15To authorise the Company to make political donations and incur political expenditure.
  692,570,29199.42%4,037,2130.58%76,870696,607,50468.42%
16To authorise the Board to allot shares and grant subscription/conversion rights
 over shares.
  695,663,20099.87%895,5390.13%125,635696,558,73968.41%
17To authorise the Board to allot or sell ordinary shares without complying with
 pre-emption rights.*
  693,991,26399.72%1,929,3650.28%763,746695,920,62868.35%
18To authorise the Company to make market purchases of its ordinary shares.*
  646,868,57393.28%46,577,5216.72%3,238,280693,446,09468.11%
19To allow the Company to hold general meetings, other than an Annual General Meeting, on not less than 14 clear days’ notice.*

A vote withheld is not a vote in law.

* Indicates a special resolution requiring a 75% majority.

Issued share capital as at voting record date: 1,018,193,740

Number of votes per share: one

Resolutions submitted to the National Storage Mechanism (the ‘NSM’)

We will shortly submit copies of all resolutions, other than those relating to ordinary business, passed at the meeting, (being Resolutions 16, 17, 18, and 19) to the NSM in accordance with Listing Rule 9.6.2.

These resolutions will therefore be available for inspection at: http://www.morningstar.co.uk/uk/NSM

The poll results will also be available shortly on the Company’s website www.barrattdevelopments.co.uk.