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Travis Perkins (TPK)
27-Apr-2021 / 15:27 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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At the General Meeting of Travis Perkins plc ("The Company") held at Ryehill House, Rye Hill Close, Lodge Farm Industrial Estate, Northampton NN5 7UA on Tuesday, 27 April 2021 at which 24 shareholders or their representatives were present. All resolutions were passed
The result of the proxy vote on each resolution is given below:-
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Resolution
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Shares
For (1)
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%
for
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Shares Against
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% against
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Votes Withheld(2)
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- To approve the Demerger and the Demerger dividend.
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197,759,462
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99.99
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12,724
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0.01
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38,875
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- To approve the Travis Perkins plc share consolidation.
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197,753,378
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99.99
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17,808
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0.01
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39,875
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- To approve the Wickes Share Plans.
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108,400,068
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55.27
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87,718,681
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44.73
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1,692,312
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Notes
(1) Includes discretionary votes
(2) A vote withheld is not, in law, a vote and is not counted in the votes for or against a resolution
More than 20% of the votes on Resolution 3 at today's General Meeting were not cast in favour. Resolution 3 related to the approval of proposed share schemes for Wickes Group plc ("Wickes") under which transitional awards ("Transitional Awards") are to be made to the Executive Directors of Wickes. The Board of Wickes understands that concerns over the Resolution were in large part related to the Transitional Awards and may have been influenced by the 'against' recommendation initially published by ISS which was subsequently revised to a 'qualified for' recommendation following consultation with Wickes.
The Wickes Board is mindful of all of the requirements of Provision 4 of the UK Corporate Governance Code 2018 and is committed to open and constructive dialogue with shareholders. Wickes intends to consult with shareholders in the coming months, well in advance of putting its Directors' Remuneration Policy to a binding vote in 2022 at its first AGM following demerger from the Travis Perkins Group.
Details of the questions asked during the meeting will be available on the Company's website from tomorrow at https://www.travisperkinsplc.co.uk/investors/shareholder-centre/general-meetings/year/2021
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In the case of queries, please contact:
Robin Miller, General Counsel & Company Secretary
+44 (0)7515 197975
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.