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LEI
Number: 213800VFRMBRTSZ3SJ06
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14th May 2024
CHESNARA plc
("Chesnara" or "the Company")
RESULT OF THE CHESNARA PLC
2024 ANNUAL GENERAL MEETING
Results of AGM
Chesnara plc (CSN.L) announces that
the resolutions put to its Annual General Meeting ("AGM") held on
14th May 2024 were duly passed.
The results of the AGM, including the
total number of votes received for each resolution, were as
follows:
|
No.
|
Resolution
|
Votes 'for'
|
%
|
Votes
'against'
|
%
|
Total votes validly
cast
|
Votes
'withheld'
|
|
1
|
To receive and adopt the audited
accounts for the year ended 31 December 2023
|
88,443,651
|
99.98
|
18,174
|
0.02
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88,461,825
|
68,623
|
|
2
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To approve the Directors'
Remuneration Report for the year ended 31 December 2023
|
87,088,647
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98.42
|
1,397,455
|
1.58
|
88,486,102
|
44,346
|
|
3
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To declare a final dividend of 15.61p
per ordinary share for the year ended 31 December 2023
|
88,509,452
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99.99
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11,423
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0.01
|
88,520,875
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9,573
|
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4
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To re-appoint Steve Murray as a
director
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88,453,289
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99.96
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33,823
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0.04
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88,487,112
|
43,336
|
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5
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To re-appoint Carol Hagh as a
director
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87,488,972
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98.87
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998,104
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1.13
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88,487,076
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43,372
|
|
6
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To re-appoint Karin Bergstein as a
director
|
87,653,252
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99.06
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833,824
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0.94
|
88,487,076
|
43,372
|
|
7
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To re-appoint Jane Dale as a
director
|
87,661,581
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99.07
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825,495
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0.93
|
88,487,076
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43,372
|
|
8
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To re-appoint Luke Savage as a
director
|
87,666,356
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99.07
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820,720
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0.93
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88,487,076
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43,372
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9
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[To re-appoint Mark Hesketh as a
director (withdrawn)]
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-
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-
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-
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-
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-
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-
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10
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To re-appoint Eamonn Flanagan as a
director
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87,722,889
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99.14
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763,823
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0.86
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88,486,712
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43,736
|
|
11
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To appoint Tom Howard as a
director
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88,437,738
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99.94
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49,338
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0.06
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88,487,076
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43,372
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|
12
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To re-appoint Deloitte LLP as
auditor
|
88,436,376
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99.93
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63,095
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0.07
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88,499,471
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30,977
|
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13
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To authorise the directors to
determine the auditor's remuneration
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88,479,839
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99.96
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34,028
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0.04
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88,513,867
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16,581
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14
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To provide limited authority to make
political donations and to incur limited political
expenditure
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81,783,475
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98.78
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1,013,989
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1.22
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82,797,464
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5,732,984
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15
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To authorise the directors to allot
shares up to a specified amount
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87,480,654
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98.84
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1,026,783
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1.16
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88,507,437
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23,011
|
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16
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Special resolution - To authorise the
directors to disapply pre-emption rights (general corporate
purposes)
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82,149,492
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92.81
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6,363,900
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7.19
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88,513,392
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17,056
|
|
17
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Special resolution - To authorise the
directors to disapply pre-emption rights (acquisition or other
capital investment)
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82,079,620
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92.74
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6,426,086
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7.26
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88,505,706
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24,742
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|
18
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Special resolution - To give the
Company limited authority to purchase its own shares
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88,424,826
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99.93
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60,206
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0.07
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88,485,032
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45,416
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19
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To authorise the directors to allot
ordinary shares in relation to an issue of Restricted Tier 1
Instrument up to a specified amount
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87,468,630
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98.85
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1,017,786
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1.15
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88,486,416
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44,032
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20
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Special resolution - To authorise the
directors to disapply pre-emption rights in relation to the issue
of Restricted Tier 1 Instruments
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87,602,503
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99.01
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875,739
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0.99
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88,478,242
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52,206
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21
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Special resolution - To authorise the
Company to call general meetings on not less than 14 clear days'
notice
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88,362,358
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99.83
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153,539
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0.17
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88,515,897
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14,551
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The Board is pleased that all
resolutions passed with a significant majority.
Other Matters
As announced on 7th
December 2023, David Rimmington did not seek re-appointment to the
Board and stepped down as Group Finance Director and as an
Executive Director of Chesnara plc at the conclusion of the
AGM.
As announced
on 17th April 2024, Resolution 9 was withdrawn from the
agenda of the AGM as a result of Mark Hesketh, Independent
Non-Executive Director, stepping down from the Board of Chesnara
plc on 9 April 2024.
The Company's issued share capital on
14th May 2024 consisted of 150,954,119 ordinary shares of 5p each
with no shares held in Treasury. Each share carries one voting
right and therefore the number of voting rights is
150,954,119.
Votes withheld are not a vote in law
and have not been counted in the calculation of the votes for and
against each resolution or the total votes validly cast.
The full text of the resolutions can
be found in the Notice of the Annual General Meeting available on
the Company's website, www.chesnara.co.uk.
In accordance with Listing Rule 9.6.3, full
details of the resolutions passed as special business will be
submitted to the National Storage Mechanism and will shortly be
available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
.
Investor
Enquiries
Sam
Perowne
Head of Strategic Development &
Investor Relations
Chesnara plc
E - sam.perowne@chesnara.co.uk
Media
Enquiries
Roddy Watt
Director, Capital Markets
FWD
T - 020 7280 0651 / 07714 770
493
E - roddy.watt@fwdconsulting.co.uk
Notes to
Editors
Chesnara (CSN.L) is a European life
and pensions consolidator listed on the London Stock
Exchange. It administers approximately one million policies
and operates as Countrywide Assured in the UK, as The Waard Group
and Scildon in the Netherlands, and as Movestic in
Sweden.
Following a three-pillar strategy,
Chesnara's primary responsibility is the efficient administration
of its customers' life and savings policies, ensuring good customer
outcomes and providing a secure and compliant environment to
protect policyholder interests. It also adds value by writing
profitable new business in Sweden, the Netherlands and the UK as
well as by undertaking value-adding acquisitions of either
companies or portfolios.
Consistent delivery of the Company
strategy has enabled Chesnara to increase its dividend for 1 years
in succession.
Further details are available on the
Company's website (www.chesnara.co.uk).