-
07 May 2025 14:24:13
- Source: Sharecast
7 May 2025
Primary Health Properties PLC
Results of AGM voting
Primary Health Properties PLC (the "Company" or "PHP")) announces that at the Annual General Meeting of the Company held today 7 May 2025, all of the resolutions, as set out in full in the Notice of Meeting, were duly passed on a poll by the requisite majority.
Any proxy votes which were at the discretion of the Chair have been included in the "For" total.
For information the votes cast were as follows:
|
Resolution |
For (including discretionary) |
Against |
Votes Total |
% of ISC Voted |
Withheld1 |
||
|
Votes |
% |
Votes |
% |
|
|
|
|
|
1. To receive the Annual Report and Accounts for the year ended 31 December 2024
|
807,658,097 |
99.99 |
59,766 |
0.01 |
807,717,863 |
60.44% |
902,408 |
|
2. To approve the Directors' remuneration report
|
792,538,886 |
98.09 |
15,397,151 |
1.91 |
807,936,037 |
60.45% |
684,234 |
|
3. To approve the Company's dividend policy
|
808,252,866 |
99.98 |
146,657 |
0.02 |
808,399,523 |
60.49% |
220,748 |
|
4. To approve the re-appointment of Deloitte LLP as auditor
|
781,729,409 |
96.79 |
25,903,098 |
3.21 |
807,632,507 |
60.43% |
987,764 |
|
5. To authorise the Audit Committee to fix the auditor's remuneration
|
799,326,999 |
98.98 |
8,262,351 |
1.02 |
807,589,350 |
60.43% |
1,030,921 |
|
6. To re-elect Harry Hyman as a Director
|
638,581,947 |
79.28 |
166,898,318 |
20.72 |
805,480,265 |
60.27% |
3,140,005 |
|
7. To re-elect Mark Davies as a Director
|
793,747,302 |
98.21 |
14,470,498 |
1.79 |
808,217,800 |
60.47% |
402,471 |
|
8. To re-elect Richard Howell as a Director |
801,566,637 |
99.18 |
6,634,525 |
0.82 |
808,201,162 |
60.47% |
419,109 |
|
9. To re-elect Laure Duhot as a Director
|
790,711,407 |
97.84 |
17,486,722 |
2.16 |
808,198,129 |
60.47% |
422,142 |
|
10. To re-elect Ian Krieger as a Director
|
791,712,393 |
97.96 |
16,475,207 |
2.04 |
808,187,600 |
60.47% |
432,671 |
|
11. To re-elect Ivonne Cantú as a Director
|
718,236,104 |
88.87 |
89,954,632 |
11.13 |
808,190,736 |
60.47% |
429,535 |
|
12. To re-elect Dr Bandhana Rawal as a Director |
791,587,549 |
97.95 |
16,604,627 |
2.05 |
808,192,176 |
60.47% |
428,095 |
|
13. To authorise the making of political donations
|
727,279,317 |
93.08 |
54,037,659 |
6.92 |
781,316,976 |
58.46% |
27,303,295 |
|
14. To authorise the Directors to allot shares
|
771,323,879 |
95.44 |
36,880,884 |
4.56 |
808,204,763 |
60.47% |
415,507 |
|
15. To authorise the Directors to disapply pre-emption rights *
|
771,587,657 |
95.49 |
36,420,439 |
4.51 |
808,008,096 |
60.46% |
612,174 |
|
16. To disapply pre-emption rights in connection with an acquisition or specified capital investment* |
771,363,540 |
95.46 |
36,654,063 |
4.54 |
808,017,603 |
60.46% |
602,667 |
|
17. To hold general meetings on 14 days' notice*
|
766,543,049 |
94.83 |
41,753,792 |
5.17 |
808,296,841 |
60.48% |
323,430 |
|
18. To purchase own shares* |
806,448,254 |
99.79 |
1,732,444 |
0.21 |
808,180,698 |
60.47% |
439,573 |
1A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes for or against a resolution
* indicates a special resolution
The Board notes that Resolution 6, the re-election of Harry Hyman, was supported by 79.28% of shareholders. We understand that those shareholders that did not support this Resolution did so because of his prior role as Chief Executive Officer. The Board is pleased that the Resolution was approved and that the vast majority of our largest shareholders voted in favour of it. Mindful that the strong level of support falls factionally short of the relevant approval threshold for the purposes of provision 4 of the UK Corporate Governance Code (the Code), the Board will build on its previous engagements with major shareholders to seek to fully understand the reasons behind these votes against and will provide an update in accordance with the Code within six months of the Annual General Meeting.
The total issued share capital of PHP is 1,336,493,786 Ordinary Shares. This figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
A copy of the resolutions passed as special business at today's AGM will, in accordance with Listing Rule 6.4.2., be submitted to the National Storage Mechanism and will be available at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
For further information contact:
|
Mark Court/Stephanie Whitmore/Verity Parker/Jesse McNab Burson Buchanan T: +44 (0) 20 7466 5066 E: php@buchanan.uk.com |
|
|
|
|
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.