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01 July 2025 13:47:19
- Source: Sharecast
Marks and Spencer Group plc
Result of AGM
Marks and Spencer Group plc (the "Company") today, 1 July 2025, held its Annual General Meeting. Resolutions 1 to 26 were passed by shareholders. The results of the poll vote for each resolution are as follows:
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MARKS AND SPENCER GROUP PLC - AGM - 1 JULY 2025 - POLL RESULT
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|
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For (see note 1) |
Against (see note 1) |
Number of votes Withheld (See note 2) |
Total Capital Instructed |
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|
Resolution |
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No. of shares |
% |
No. of shares |
% |
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1 |
Receive Annual Report and Accounts |
1,359,522,703 |
99.98 |
267,968 |
0.02 |
1,187,363 |
66.18% |
|
2 |
Approve the Remuneration Report |
1,293,591,998 |
95.07 |
67,029,977 |
4.93 |
366,446 |
66.18% |
|
3 |
Approve the final dividend |
1,360,848,752 |
99.99 |
85,747 |
0.01 |
55,036 |
66.18% |
|
4 |
Re-elect Archie Norman |
1,316,850,388 |
96.76 |
44,025,307 |
3.24 |
113,840 |
66.18% |
|
5 |
Re-elect Stuart Machin |
1,359,951,071 |
99.93 |
894,137 |
0.07 |
143,508 |
66.18% |
|
6 |
Re-elect Evelyn Bourke |
1,335,709,068 |
98.16 |
25,069,655 |
1.84 |
208,876 |
66.18% |
|
7 |
Re-elect Fiona Dawson |
1,311,969,215 |
96.41 |
48,862,475 |
3.59 |
155,361 |
66.18% |
|
8 |
Re-elect Ronan Dunne |
1,336,673,393 |
98.22 |
24,164,128 |
1.78 |
150,081 |
66.18% |
|
9 |
Re-elect Tamara Ingram |
1,330,126,751 |
97.74 |
30,719,111 |
2.26 |
141,740 |
66.18% |
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10 |
Re-elect Justin King |
1,336,679,745 |
98.23 |
24,153,231 |
1.77 |
154,626 |
66.18% |
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11 |
Re-elect Cheryl Potter |
1,336,684,479 |
98.23 |
24,135,478 |
1.77 |
167,645 |
66.18% |
|
12 |
Re-elect Sapna Sood |
1,196,021,858 |
88.16 |
160,682,793 |
11.84 |
4,282,951 |
66.18% |
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13 |
Elect Alison Dolan |
1,357,605,913 |
99.76 |
3,212,281 |
0.24 |
170,273 |
66.18% |
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14 |
Re-appoint Deloitte LLP as auditors |
1,309,801,922 |
96.25 |
51,041,748 |
3.75 |
146,730 |
66.18% |
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15 |
Authorise Audit & Risk Committee to determine auditors' remuneration |
1,331,103,671 |
97.81 |
29,783,960 |
2.19 |
101,655 |
66.18% |
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16 |
Authorise the Company, and its subsidiaries, to make political donations |
1,326,386,984 |
97.47 |
34,426,950 |
2.53 |
176,415 |
66.18% |
|
17 |
Authorise allotment of ordinary shares |
1,297,299,630 |
95.33 |
63,541,166 |
4.67 |
147,625 |
66.18% |
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18 |
General disapplication pre-emption rights* |
1,305,445,445 |
95.94 |
55,265,640 |
4.06 |
270,199 |
66.18% |
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19 |
Additional disapplication of pre-emption rights* |
1,243,175,413 |
91.64 |
113,401,451 |
8.36 |
4,404,420 |
66.18% |
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20 |
Authorise purchase of own shares* |
1,359,411,562 |
99.93 |
963,677 |
0.07 |
614,047 |
66.18% |
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21 |
Call general meetings on 14 days' notice* |
1,294,115,116 |
95.10 |
66,737,286 |
4.90 |
135,884 |
66.18% |
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22 |
Renewal of Performance Share Plan |
1,325,273,178 |
97.42 |
35,079,833 |
2.58 |
637,389 |
66.18% |
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23 |
Renewal of Deferred Share Bonus Plan |
1,340,119,340 |
98.51 |
20,211,880 |
1.49 |
658,009 |
66.18% |
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24 |
Renewal of Restricted Share Plan |
1,324,054,809 |
97.34 |
36,175,570 |
2.66 |
748,907 |
66.18% |
|
25 |
Renewal of Executive Share Option Plan |
1,308,266,344 |
96.17 |
52,065,007 |
3.83 |
656,846 |
66.18% |
|
26 |
Increase non-executive director fee limit |
1,355,719,741 |
99.64 |
4,916,834 |
0.36 |
348,974 |
66.18% |
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27 |
Shareholder requisitioned resolution* |
412,590,184 |
30.70 |
931,429,499 |
69.30 |
16,968,087 |
66.18% |
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* Special Resolution |
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NOTES: |
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In accordance with UKLR 6.4.2(R), copies of the resolutions that do not constitute ordinary business at an annual general meeting have been submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Resolution 27, which was requisitioned by a small group of shareholders coordinated by ShareAction, was not passed but received 30.70% support. The Board did not support this resolution, for the reasons set out in our Notice of Meeting on page 207 of our Annual Report and Financial Statements.
Marks and Spencer is market leading in its employment practices and all colleagues are paid the living wage or above and we attach great importance to ensuring that subcontracted employees are appropriately paid and treated as part of the M&S family.
The Board will consult further with shareholders on this topic, and an update will be published in accordance with the UK Corporate Governance Code within six months of today's meeting, with a final summary in the 2025/26 Annual Report and Financial Statements.
Copies of our announcements are available on our website: corporate.marksandspencer.com.
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