Ashmore Group PLC

AGM Information • Oct 16, 2020

National Storage Mechanism | Additional information

RNS Number : 3828C

Ashmore Group PLC

16 October 2020

Ashmore Group plc

16 October 2020

Results of Annual General Meeting ("AGM")

Ashmore Group plc held its AGM earlier today and in view of the COVID-19 pandemic it was held as a 'closed meeting', attended by the minimum necessary quorum of two shareholders. All valid proxy votes were included in the poll taken at the meeting. 

All resolutions were passed. Resolutions 5, 6, 7 and 8, relating to the re-election of Independent Non-Executive Directors, were 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 welcomes the approval by shareholders of its Remuneration Policy and Remuneration Report, however it notes the 30.84% vote against the Remuneration Policy. The Company has an ongoing programme of engagement with its shareholders and proxy advisers and consequently it understands the views held by certain governance teams. This engagement will continue and the Company will provide an update within the next six months, as required by the UK Corporate Governance Code 2018.

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 2020	595,353,065	776,200	1,565,996	596,129,265	99.87
2	To declare a final dividend for the year ended 30 June 2020 of 12.1 pence per Ordinary Share	597,695,261	0	0	597,695,261	100.00
3	To re-elect Mark Coombs as a Director	595,016,718	2,678,113	430	597,694,831	99.55
4	To re-elect Tom Shippey as a Director	595,072,219	2,622,612	430	597,694,831	99.56
5	To re-elect Clive Adamson as a Director (all shareholders)	562,794,706	34,900,125	430	597,694,831	94.16
5	To re-elect Clive Adamson as a Director  (independent shareholders)	319,347,233	34,900,125	430	354,247,358	90.15
6	To re-elect David Bennett as a Director (all shareholders)	559,193,500	37,272,606	1,229,155	596,466,106	93.75
6	To re-elect David Bennett as a Director (independent shareholders)	315,746,027	37,272,606	1,229,155	353,018,633	89.44
7	To elect Jennifer Bingham as a Director (all shareholders)	563,192,046	34,502,785	430	597,694,831	94.23
7	To elect Jennifer Bingham as a Director (independent shareholders)	319,744,573	34,502,785	430	354,247,358	90.26
8	To re-elect Dame Anne Pringle as a Director (all shareholders)	537,392,969	60,302,292	0	597,695,261	89.91
8	To re-elect Dame Anne Pringle as a Director (independent shareholders)	293,945,496	60,302,292	0	354,247,788	82.98
9	To approve the Directors' remuneration policy	386,652,049	172,385,927	38,657,285	559,037,976	69.16
10	To approve the Remuneration Report for the year ended 30 June 2020	538,465,590	59,225,066	4,605	597,690,656	90.09
11	To re-appoint KPMG LLP as auditors	511,426,634	83,671,233	2,597,394	595,097,867	85.94
12	To authorise the Audit and Risk Committee to agree the remuneration of the auditors	589,968,176	7,724,715	2,370	597,692,891	98.71
13	To authorise political donations and political expenditure	575,734,797	3,810,118	18,150,346	579,544,915	99.34
14	To authorise the Directors to allot shares	593,449,991	4,240,600	4,670	597,690,591	99.29
15	To authorise the dis-application of pre-emption rights  up to 35,637,040 shares**	597,591,907	98,410	4,944	597,690,317	99.98
16	To authorise the dis-application of pre-emption rights  up to a further  35,637,040 shares**	595,616,663	2,073,654	4,944	597,690,317	99.65
17	To authorise market purchases of shares**	594,859,010	2,768,176	68,075	597,627,186	99.54
18	To approve the renewal of the waiver of the obligation under Rule 9 of the Takeover Code ***	333,094,999	20,064,810	1,087,979	353,159,809	94.32
19	To reduce the notice period for general meetings other than an Annual General Meeting**	589,120,951	8,572,370	1,940	597,693,321	98.57
20	To adopt the New Articles**	597,684,220	5,171	5,870	597,689,391	100.00

*               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 18 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 https://data.fca.org.uk/#/nsm/nationalstoragemechanism

For further details, please contact:

John Taylor

Group Company Secretary

Ashmore Group plc

61 Aldwych

London WC2B 4AE

+44 (0)20 3077 6000

FTI Consulting

Neil Doyle                               +44 (0)20 3727 1141

Laura Ewart                            +44 (0)20 3727 1160

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