BKG.L

Berkeley Group Holdings Plc
Berkeley Group Hldgs - Result of AGM
6th September 2024, 13:10
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RNS Number : 2881D
Berkeley Group Holdings (The) PLC
06 September 2024
 

 

 
 
6 September 2024

 

The Berkeley Group Holdings plc

(the "Company")

 

2024 Annual General Meeting ("AGM")

Results of AGM

 

Shareholders are informed that the results of the poll on the resolutions put before the AGM of the Company held on 6 September 2024 are:

 

Resolution Number

Resolution

Votes

FOR1

%

Votes AGAINST

%

Total Votes Validly Cast (excluding withheld)

% of ISC Voted

Withheld Votes2

1

Accounts for the year ended 30 April 2024, together with the Reports of the Directors and Auditor thereon

83,948,874

99.97

28,262

0.03

83,977,136

79.44%

2,335,301

2

To approve the Annual Report on Remuneration for the year ended 30 April 2024

79,765,047

92.49

6,474,255

7.51

86,239,302

81.58%

73,132

3

To re-elect M Dobson as a Director of the Company

82,787,087

95.93

3,511,417

4.07

86,298,504

81.64%

13,931

4

To re-elect R Downey as a Director of the Company

84,840,436

98.31

1,457,929

1.69

86,298,365

81.64%

14,071

5

To re-elect R C Perrins as a Director of the Company

86,294,337

99.99

4,169

0.01

86,298,506

81.64%

13,931

6

To re-elect R J Stearn as a Director of the Company

85,845,362

99.47

453,144

0.53

86,298,506

81.64%

13,931

7

To re-elect A Kemp as a Director of the Company

83,987,438

97.32

2,311,066

2.68

86,298,504

81.64%

13,931

8

To re-elect N Adams as a Director of the Company

83,109,793

96.31

3,188,710

3.69

86,298,503

81.64%

13,931

9

To re-elect W Jackson as a Director of the Company

84,015,470

97.35

2,283,034

2.65

86,298,504

81.64%

13,931

10

To re-elect E Adekunle as a Director of the Company

86,294,090

99.99

4,276

0.01

86,298,366

81.64%

14,071

11

To re-elect S Sands as a Director of the Company

86,294,372

99.99

4,134

0.01

86,298,506

81.64%

13,931

12

To re-elect KPMG as auditor of the Company and hold office until the conclusion of the next general meeting

81,472,367

94.41

4,826,133

5.59

86,298,500

81.64%

13,937

13

To authorise the Audit Committee to determine the auditor's remuneration

85,403,641

98.96

895,085

1.04

86,298,726

81.64%

13,711

14

That the Directors be authorised to allot shares and grant rights to subscribe for, or convert any security into, shares (see AGM Notice)

79,505,142

92.13

6,794,196

7.87

86,299,338

81.64%

13,098

15*

That, subject to Resolution 14, the Directors be authorised to allot shares and / or sell equity securities for cash as if Section 561 of the Act did not apply (see AGM Notice)

79,897,858

92.58

6,400,989

7.42

86,298,847

81.64%

13,589

16*

That, subject to Resolutions 14 and 15, the Directors be authorised to allot equity securities for cash (see AGM Notice)

77,613,135

90.08

8,544,334

9.92

86,157,469

81.50%

154,966

17*

That the Company be authorised to make market purchases of its own shares (see AGM Notice)

86,048,251

99.87

111,646

0.13

86,159,897

81.51%

152,540

18

That the Company and its subsidiaries be authorised to make political donations (see AGM Notice)

81,811,769

95.14

4,180,671

4.86

85,992,440

81.35%

319,997

19*

That general meetings of the Company (other than Annual General Meetings) may be called by notice of not less than 14 clear days

79,417,629

92.03

6,880,946

7.97

86,298,575

81.64%

13,862

20

That subject to the admission of the New Ordinary Shares, each existing share be subdivided and a special dividend be paid to shareholders on 20 September 2024 (see AGM Notice)

86,293,906

99.99

5,641

0.01

86,299,547

81.64%

12,890

 

Notes

 

*Special resolution

 

1.         The votes "for" include those votes giving discretion to the Chairman.

 

2.         A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.

 

Special Dividend and Share Consolidation

 

Further to the AGM Notice and the AGM held today, Resolution 20 was passed by the requisite majority of shareholders on a poll.

 

Accordingly, as described in further detail in Appendix 2 to the AGM Notice and subject to Admission of the New Ordinary Shares:

 

•           the Special Dividend has been approved by shareholders and is expected to be paid on 20 September 2024 to those shareholders on the register of members of the Company at 6:00 pm today, Friday 6 September 2024;

 

•           the Share Consolidation has been approved by shareholders and will replace every 100 Existing Ordinary Shares held at 6:00 pm today, Friday 6 September 2024, with 96.49 New Ordinary Shares.

 

Applications have been made to the Financial Conduct Authority to amend the Official List and to the LSE for an amendment to trading to reflect the Share Consolidation. It is expected that trading in the New Ordinary Shares will commence on the LSE at 8:00 am on Monday 9 September 2024.

 

The ISIN for the New Ordinary Shares will be GB00BP0RGD03 and the SEDOL for the New Ordinary Shares will be BP0RGD0.

 

Following the Share Consolidation, the Company's total issued share capital will comprise 110,474,498 New Ordinary Shares of 5.6110477936 pence each. The Company will hold 8,475,936 New Ordinary Shares in treasury and will not be permitted to exercise voting rights in respect of those New Ordinary Shares. As such, the total number of voting rights in the Company following the Share Consolidation will be 101,998,562.

 

Copies of the resolutions passed will shortly be available for inspection on the National Storage Mechanism at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.  The full text of the resolutions can be found in the AGM Notice which can be located in the Investors section of the Company's website at the following location: www.berkeleygroup.co.uk/investors.

 

For further information please contact:

 

Victoria Mee                                         Tel: 01932 868 555

Company Secretary

The Berkeley Group Holdings plc

 

Novella Communications                      Tel: 020 3151 7008

Tim Robertson            

 

 

LEI: 2138009OQSSLVVHQAL78

 

 

END

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