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01 May 2025 23:07:43
- Source: Sharecast
Schroders plc
Annual General Meeting ('AGM') 2025 Results
Schroders plc ('Schroders') confirms that all resolutions put to the AGM held earlier today were passed and the results are as follows:
|
|
Resolution |
For (including discretionary) |
% |
Against |
% |
Withheld |
Votes cast as a percentage of Schroders issued ordinary share capital (excluding treasury shares)ǂ |
|
1 |
To receive the Annual Report & Accounts |
1,423,153,292 |
99.95 |
739,007 |
0.05 |
4,180,390 |
88.40% |
|
2 |
To declare the Final Dividend |
1,426,908,786 |
99.95 |
763,431 |
0.05 |
400,472 |
88.64% |
|
3 |
To approve the Remuneration report |
1,410,319,377 |
99.25 |
10,670,754 |
0.75 |
5,431,250 |
88.22% |
|
4 |
To elect Meagen Burnett |
1,423,515,586 |
99.72 |
3,964,585 |
0.28 |
592,518 |
88.62% |
|
5 |
To elect Johanna Kyrklund |
1,424,771,894 |
99.81 |
2,768,697 |
0.19 |
532,098 |
88.63% |
|
6 |
To re-elect Dame Elizabeth Corley |
1,410,946,566 |
99.05 |
13,552,647 |
0.95 |
3,573,476 |
88.44% |
|
6* |
To re-elect Dame Elizabeth Corley |
701,080,798 |
98.10 |
13,552,647 |
1.90 |
3,573,476 |
79.44% |
|
7 |
To re-elect Richard Oldfield |
1,424,990,448 |
99.82 |
2,509,712 |
0.18 |
572,529 |
88.63% |
|
8 |
To re-elect Ian King |
1,404,706,146 |
98.41 |
22,763,913 |
1.59 |
592,359 |
88.62% |
|
8* |
To re-elect Ian King |
694,840,378 |
96.83 |
22,763,913 |
3.17 |
592,359 |
79.77% |
|
9 |
To re-elect Rakhi Goss-Custard |
1,405,194,730 |
98.44 |
22,269,152 |
1.56 |
608,807 |
88.62% |
|
9* |
To re-elect Rakhi Goss-Custard |
695,328,962 |
96.90 |
22,269,152 |
3.10 |
608,807 |
79.76% |
|
10 |
To re-elect Iain Mackay |
1,419,393,236 |
99.43 |
8,083,749 |
0.57 |
595,704 |
88.62% |
|
10* |
To re-elect Iain Mackay
|
709,527,468 |
98.87 |
8,083,749 |
1.13 |
595,704 |
79.77% |
|
11 |
To re-elect Annette Thomas |
1,405,432,700 |
98.46 |
22,037,891 |
1.54 |
602,098 |
88.62% |
|
11* |
To re-elect Annette Thomas |
695,566,932 |
96.93 |
22,037,891 |
3.07 |
602,098 |
79.77% |
|
12 |
To re-elect Frederic Wakeman |
1,419,376,188 |
99.43 |
8,086,008 |
0.57 |
610,493 |
88.62% |
|
12* |
To re-elect Frederic Wakeman |
709,510,420 |
98.87 |
8,086,008 |
1.13 |
610,493 |
79.76% |
|
13 |
To re-elect Matthew Westerman |
1,402,394,518 |
98.24 |
25,061,430 |
1.76 |
616,741 |
88.62% |
|
13* |
To re-elect Matthew Westerman |
692,528,750 |
96.51 |
25,061,430 |
3.49 |
616,741 |
79.76% |
|
14 |
To re-elect Claire Fitzalan Howard |
1,407,092,170 |
98.57 |
20,391,901 |
1.43 |
588,618 |
88.62% |
|
15 |
To re-elect Leonie Schroder |
1,407,125,699 |
98.57 |
20,420,484 |
1.43 |
526,506 |
88.63% |
|
16 |
To re-appoint Ernst & Young LLP as auditor |
1,423,866,410 |
99.95 |
725,166 |
0.05 |
3,481,113 |
88.44% |
|
17 |
To authorise the Audit and Risk Committee to determine the auditor's remuneration |
1,426,677,871 |
99.94 |
922,913 |
0.06 |
471,905 |
88.63% |
|
18ǂ |
To approve the Panel's Waiver regarding Rule 9 of the Takeover Code |
703,807,593 |
98.08 |
13,785,269 |
1.92 |
612,309 |
44.55% |
|
19 |
To authorise the purchase of own shares |
1,414,084,754 |
99.07 |
13,265,494 |
0.93 |
722,441 |
88.62% |
|
20 |
Notice of general meetings |
1,399,083,569 |
98.00 |
28,539,096 |
2.00 |
450,024 |
88.63% |
As announced on 6 March 2025, Deborah Waterhouse did not stand for re-election and stepped down as a Director at the conclusion of today's Annual General Meeting.
For the purposes of section 341 of the Companies Act 2006, the votes validly cast are expressed in the table above as a percentage of Schroders' total issued ordinary share capital (excluding treasury shares) as at 6pm on 29 April 2025, being the time at which a shareholder had to be registered in the register of members in order to attend and vote at the AGM. A vote "withheld" is not a vote in law and has not been counted as a vote "for" or "against" a resolution.
The number of ordinary shares in issue at the date of this announcement is 1,612,071,525. The total number of shares held in treasury is 1,360,247 and therefore the total number of voting rights in the Company is 1,610,711,278.
Resolutions 19 and 20 were passed as special resolutions. Copies of resolutions 18, 19 and 20 will be filed at Companies House.
* In accordance with UK Listing Rule 6.2.8, to be passed, resolutions 6 and 8 to 13 must be approved by a simple majority of all shareholders and by a simple majority of the independent shareholders. The results of the independent shareholder vote on the applicable Resolutions are set out in 6*, 8*, 9*, 10*, 11*, 12* and 13*.
The Schroders issued ordinary share capital used for Resolutions 6*, 8*, 9*, 10*, 11*, 12* and 13* is 899,642,692 which is the total number of ordinary shares held by independent shareholders.
ǂ Only the votes of independent shareholders have been counted in determining the result of Resolution 18.
In accordance with UKLR 6.4.2, a copy of the resolutions passed, other than resolutions concerning ordinary business, at today's AGM will be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The Chair's and Group Chief Executive's AGM update and a summary of the questions asked on the day and by email will be published on the AGM page of our website at www.schroders.com/AGM shortly.
Enquiries:
Kate Graham
Company Secretary
Schroders plc
Tel: 0207 658 8272
1 May 2025
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