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20 May 2025 14:30:01
- Source: Sharecast
INTERNATIONAL WORKPLACE GROUP PLC
RESULTS OF ANNUAL GENERAL MEETING
International Workplace Group plc held its Annual General Meeting for shareholders today at 11am (CET).
All resolutions proposed at the meeting were passed by the requisite majorities and were decided by means of a poll vote. The full results of voting on each resolution are set out below.
The total number of shares in issue and eligible to be voted (excluding treasury shares) as at close of business 16 May 2025, being the date on which shareholders needed to be on the register of members to be entitled to vote at the AGM, was 1,020,365,357 Ordinary shares.
Resolutions 1 to 21 (inclusive) proposed as ordinary resolutions
|
Resolution Number |
For* |
% |
Against* |
% |
Withheld* |
Total Votes* |
% of share capital voted*
|
|
1 |
680,767,653 |
100.00% |
12,599 |
0.00% |
4,133,773 |
680,780,252 |
66.71% |
|
2 |
488,762,935 |
71.42% |
195,548,768 |
28.58% |
602,322 |
684,311,703 |
67.07% |
|
3 |
613,945,806 |
89.72% |
70,367,219 |
10.28% |
601,000 |
684,313,025 |
67.07% |
|
4 |
682,604,197 |
99.75% |
1,706,323 |
0.25% |
603,505 |
684,310,520 |
67.07% |
|
5 |
535,071,165 |
78.19% |
149,239,355 |
21.81% |
603,505 |
684,310,520 |
67.07% |
|
6 |
493,958,485 |
72.18% |
190,352,035 |
27.82% |
603,505 |
684,310,520 |
67.07% |
|
7 |
682,347,007 |
99.71% |
1,963,513 |
0.29% |
603,505 |
684,310,520 |
67.07% |
|
8 |
684,313,625 |
100.00% |
0 |
0.00% |
600,400 |
684,313,625 |
67.07% |
|
9 |
682,494,439 |
99.98% |
136,186 |
0.02% |
2,283,400 |
682,630,625 |
66.90% |
|
10 |
684,213,949 |
99.99% |
85,676 |
0.01% |
614,400 |
684,299,625 |
67.06% |
|
11 |
684,294,620 |
100.00% |
16,283 |
0.00% |
603,122 |
684,310,903 |
67.07% |
|
12 |
684,185,281 |
99.98% |
125,622 |
0.02% |
603,122 |
684,310,903 |
67.07% |
|
13 |
640,232,264 |
93.56% |
44,078,639 |
6.44% |
603,122 |
684,310,903 |
67.07% |
|
14 |
599,724,700 |
87.64% |
84,588,203 |
12.36% |
601,122 |
684,312,903 |
67.07% |
|
15 |
684,086,374 |
99.97% |
224,529 |
0.03% |
603,122 |
684,310,903 |
67.07% |
|
16 |
664,087,005 |
97.04% |
20,225,898 |
2.96% |
601,122 |
684,312,903 |
67.07% |
|
17 |
664,065,180 |
97.04% |
20,247,723 |
2.96% |
601,122 |
684,312,903 |
67.07% |
|
18 |
681,123,071 |
99.53% |
3,189,832 |
0.47% |
601,122 |
684,312,903 |
67.07% |
|
19 |
638,853,794 |
93.86% |
41,767,149 |
6.14% |
4,293,082 |
680,620,943 |
66.70% |
|
20 |
680,383,388 |
99.43% |
3,929,915 |
0.57% |
600,722 |
684,313,303 |
67.07% |
|
21 |
684,264,454 |
100.00% |
5,806 |
0.00% |
643,765 |
684,270,260 |
67.06% |
* These figures include proxy votes. Where shareholders have appointed the Chairman of the meeting as their proxy with discretion as to voting on the resolutions, those votes have been cast in favour of the relevant resolutions. A vote withheld is not a vote in law, withheld votes therefore do not form part of the total votes cast.
Resolutions 22 to 25 (inclusive) proposed as special resolutions
|
Resolution Number |
For* |
% |
Against* |
% |
Withheld* |
Total Votes* |
% of share capital voted* |
|
22 |
684,208,595 |
100.00% |
3,000 |
0.00% |
702,430 |
684,211,595 |
67.06% |
|
23 |
655,959,092 |
95.86% |
28,354,533 |
4.14% |
600,400 |
684,313,625 |
67.07% |
|
24 |
654,538,422 |
95.65% |
29,774,803 |
4.35% |
600,800 |
684,313,225 |
67.07% |
|
25 |
675,559,247 |
98.72% |
8,754,378 |
1.28% |
600,400 |
684,313,625 |
67.07% |
* These figures include proxy votes. Where shareholders have appointed the Chairman of the meeting as their proxy with discretion as to voting on the resolutions, those votes have been cast in favour of the relevant resolutions. A vote withheld is not a vote in law, withheld votes therefore do not form part of the total votes cast.
Resolutions 2, 5 and 6
The Board notes the results of resolution 2 to approve the Remuneration Policy and resolutions 5 and 6 to approve the Company's PSP and RSP share plans. These resolutions were supported by a clear majority of the Company's shareholders, but with a significant minority vote against. It is notable that the number of shares voted at the 2025 AGM was approximately 17% less than those voted at the 2023 AGM. This decrease correlates with a similar percentage of the Company's shares outstanding at the 2025 AGM which did not vote because they are held through swap structures, primarily by longer-term shareholders who are supportive of the Remuneration Policy and related resolutions. The Remuneration Committee is committed to continuing its engagement with shareholders to understand the views of shareholders who voted against these resolutions. An update of this engagement will be published within six months, as well as a final summary in the Company's Annual Report for 2025.
National Storage Mechanism
A copy of the resolutions approved at the Annual General Meeting has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Further information
International Workplace Group plc
|
Tim Regan |
Company Secretary |
|
Richard Manning |
Head of Investor Relations |
Brunswick Tel: +44 (0) 20 7404 5959
Nick Cosgrove
Peter Hesse
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