Ashmore Group PLC

AGM Information • Oct 14, 2022

National Storage Mechanism | Additional information

RNS Number : 9888C

Ashmore Group PLC

14 October 2022

Ashmore Group plc (the "Company")

14 October 2022

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 welcomes the approval by shareholders of its Remuneration Report in resolution 9. However it notes the 21.98% vote against it. The Company has an ongoing programme of engagement with its shareholders and proxy advisers and consequently it is aware of 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:     

		FOR	AGAINST	ABSTAIN*	TOTAL VOTE	% age of total votes in favour
	Resolution Number	No. of Votes	No. of Votes	No. of Votes
1	To receive and adopt the Report and Accounts for the year ended 30 June 2022	591,870,242	818,275	1,437,438	592,688,517	99.86
2	To declare a final dividend for the year ended 30 June 2022 of 12.1 pence per Ordinary Share	594,121,795	280	3,880	594,122,075	100.00
3	To re-elect Mark Coombs as a Director	589,837,002	4,279,260	9,693	594,116,262	99.28
4	To re-elect Tom Shippey as a Director	589,689,895	4,426,367	9,693	594,116,262	99.25
5	To re-elect Clive Adamson as a Director (all shareholders)	554,974,977	36,759,902	2,391,076	591,734,879	93.79
5	To re-elect Clive Adamson as a Director (independent shareholders)	332,911,362	36,759,902	2,391,076	369,671,264	90.06
6	To re-elect Helen Beck as a Director (all shareholders)	537,747,843	56,368,418	9,694	594,116,261	90.51
6	To re-elect Helen Beck as a Director (independent shareholders)	315,684,228	56,368,418	9,694	372,052,646	84.85
7	To re-elect Jennifer Bingham as a Director (all shareholders)	562,538,281	31,577,981	9,693	594,116,262	94.68
7	To re-elect Jennifer Bingham as a Director (independent shareholders)	340,474,666	31,577,981	9,693	372,052,647	91.51
8	To elect Shirley Garrood as a Director (all shareholders)	593,970,078	146,184	9,693	594,116,262	99.98
8	To elect Shirley Garrood as a Director (independent shareholders)	371,906,463	146,184	9,693	372,052,647	99.96
9	To approve the Remuneration Report for the year ended 30 June 2022	433,517,825	122,140,125	38,468,005	555,657,950	78.02
10	To re-appoint KPMG LLP as auditors	515,433,165	78,688,909	3,881	594,122,074	86.76
11	To authorise the Audit and Risk Committee to agree the remuneration of the auditors	593,939,149	179,349	7,457	594,118,498	99.97
12	To authorise political donations and political expenditure	586,709,880	922,456	6,493,619	587,632,336	99.84
13	To authorise the Directors to allot shares	591,975,037	2,143,461	7,457	594,118,498	99.64
14	To authorise the dis-application of pre-emption rights up to 35,637,040 shares**	594,079,265	40,410	6,280	594,119,675	99.99
15	To authorise the dis-application of pre-emption rights up to a further 35,637,040 shares**	577,443,567	16,676,108	6,280	594,119,675	97.19
16	To authorise market purchases of shares**	583,438,652	10,616,931	70,372	594,055,583	98.21
17	To approve the renewal of the waiver of the obligation under Rule 9 of the Takeover Code ***	337,066,726	17,526,341	17,469,274	354,593,067	95.06
18	To reduce the notice period for general meetings other than an Annual General Meeting**	582,071,421	12,045,137	9,397	594,116,558	97.97

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

For further details, please contact:

Alexandra Autrey

Group Company Secretary

Ashmore Group plc

61 Aldwych

London WC2B 4AE

(T) +44 (0)20 3077 6142

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