Ashmore Group PLC

AGM Information • Oct 18, 2019

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RNS Number : 4383Q

Ashmore Group PLC

18 October 2019

Ashmore Group plc (the "Company")

18 October 2019

Results of Annual General Meeting ("AGM")

The Board of Ashmore Group plc (the "Board"), is pleased to announce that at the AGM of the Company held earlier today, all resolutions were duly passed on a poll. All of the resolutions are accordingly, declared as carried. Resolutions 5, 6, 7 and 8, relating to the re-election of Independent Non-Executive Directors, are carried by a majority of votes cast by both Independent Shareholders as well as by a majority of votes cast by all shareholders.

The Company has noted that whilst there was an increase in shareholder support for the Remuneration Report by comparison to the 2018 AGM, the vote of independent shareholders against the Chair of the Remuneration Committee was 21.87%. During the year, the Company undertook a programme of engagement with its shareholders and the proxy advisers in an effort to understand their views on remuneration and this led to the Company making enhancements to its disclosure. The feedback received by the Company on this disclosure has been positive and the Company will continue the dialogue with shareholders.

The results of the poll on each resolution were as follows:     

Resolution number:		FOR	AGAINST	ABSTAIN*	TOTAL VOTE	% age of total votes in favour
No. of Votes	No. of Votes	No. of Votes
1	To receive and adopt the Report and Accounts for the year ended 30 June 2018	603,245,647	0	303,837	603,245,647	100.00
2	To declare a final dividend for the year ended 30 June 2018 of 12.1 pence per Ordinary Share	603,549,404	80	0	603,549,484	100.00
3	To re-elect Mark Coombs as a Director	600,130,661	3,418,243	500	603,548,904	99.43
4	To re-elect Tom Shippey as a Director	590,849,545	12,699,359	500	603,548,904	97.90
5	To re-elect Clive Adamson as a Director (all shareholders)	549,060,940	54,487,964	500	603,548,904	90.97
5	To re-elect Clive Adamson as a Director  (independent shareholders)	282,621,680	54,487,964	500	337,109,644	83.84
6	To re-elect David Bennett as a Director (all shareholders)	546,199,502	57,349,401	500	603,548,903	90.50
6	To re-elect David Bennett as a Director (independent shareholders)	279,760,242	57,349,401	500	337,109,643	82.99
7	To elect Jennifer Bingham as a Director (all shareholders)	544,843,654	58,705,250	500	603,548,904	90.27
7	To elect Jennifer Bingham as a Director (independent shareholders)	278,404,394	58,705,250	500	337,109,644	82.59
8	To re-elect Dame Anne Pringle as a Director (all shareholders)	526,407,445	72,757,283	4,384,675	599,164,728	87.86
8	To re-elect Dame Anne Pringle as a Director (independent shareholders)	259,968,185	72,757,283	4,384,675	332,725,468	78.13
9	To approve the Remuneration Report for the year ended 30 June 2018	481,052,713	86,023,844	36,472,846	567,076,557	84.83
10	To re-appoint KPMG LLP as auditors	591,036,420	12,511,011	2,052	603,547,431	97.93
11	To authorise the Audit and Risk Committee to agree the remuneration of the auditors	598,922,329	4,626,655	500	603,548,984	99.23
12	To authorise political donations and political expenditure	600,928,214	2,617,344	3,846	603,545,558	99.57
13	To authorise the Directors to allot shares	593,250,328	10,297,476	1,600	603,547,804	98.29
14	To authorise the dis-application of pre-emption rights  up to 35,637,040 shares**	603,538,335	7,995	3,074	603,546,330	100.00
15	To authorise the dis-application of pre-emption rights  up to a further  35,637,040 shares**	595,201,029	8,345,300	3,074	603,546,329	98.62
16	To authorise market purchases of shares**	601,280,869	2,033,546	235,068	603,314,415	99.66
17	To approve the renewal of the waiver of the obligation under Rule 9 of the Takeover Code ***	319,826,995	17,281,548	1,601	337,108,543	94.87
18	To reduce the notice period for general meetings other than an Annual General Meeting**	591,172,632	12,376,772	0	603,549,404	97.95

*               A 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 Special Resolutions requiring a 75% majority

***            Mark Coombs has not voted on Resolution 17 as an interested party

Ashmore Group PLC's Legal Entity Identifier (LEI) is 549300U3L59WB4YI2X12

In accordance with LR 9.6.2R, copies of resolutions concerning special business passed at the Annual General Meeting today, have been submitted to the Financial Conduct Authority's national storage mechanism. This document will shortly be available to view at www.morningstar.co.uk/uk/NSM

For further details, please contact:

John Taylor

Group Company Secretary

Ashmore Group plc

61 Aldwych

London WC2B 4AE

(T) +44 (0)20 3077 6000

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