Barratt Developments PLC

AGM Information • Nov 16, 2017

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RNS Number : 7405W

Barratt Developments PLC

16 November 2017

BARRATT DEVELOPMENTS PLC

RESULTS OF THE 2017 ANNUAL GENERAL MEETING

Barratt Developments PLC (the "Company") held its fifty-ninth Annual General Meeting (the "AGM") on Wednesday 15th November 2017, at The Royal College of Physicians, 11 St Andrews Place, Regent's Park, London NW1 4LE.

All resolutions put to the meeting were voted on by way of a poll and were passed by the shareholders. The results of the poll for each such resolution are shown below:

Poll Results

Resolution		Votes For (including Chairman's discretionary votes)		Votes Against		Votes Withheld1	Total Votes Cast (excluding votes withheld)
		No. of Shares	% of shares voted	No. of Shares	% of shares voted	No. of Shares	No. of Shares	% of issued share capital
1.	To receive and consider the auditor's report, the strategic report, and the directors' report and the accounts for the year ended 30 June 2017.	698,497,520	99.99%	79,151	0.01%	171,711	698,576,671	69.00%
2.	To approve the Directors' Remuneration Policy.	687,989,418	98.78%	8,526,959	1.22%	2,232,003	696,516,377	68.80%
3.	To approve the Directors' Remuneration Report (excluding the Directors' Remuneration Policy).	692,982,315	99.30%	4,884,670	0.70%	1,748,740	697,866,985	68.93%
4.	To declare a final dividend of 17.1 pence per ordinary share in respect of the financial year ended 30 June 2017.	699,458,908	99.98%	108,980	0.02%	47,839	699,567,888	69.10%
5.	To approve a special dividend of 17.3 pence per ordinary share.	699,458,658	99.98%	109,480	0.02%	47,589	699,568,138	69.10%
6.	To elect Mrs J E White as a director of the Company.	693,619,205	99.16%	5,872,993	0.84%	123,529	699,492,198	69.09%
7.	To re-elect Mr J M Allan as a director of the Company.	688,678,380	98.45%	10,807,434	1.55%	129,913	699,485,814	69.09%
8.	To re-elect Mr D F Thomas as a director of the Company.	694,970,353	99.36%	4,508,501	0.64%	136,873	699,478,854	69.09%
9.	To re-elect Mr S J Boyes as a director of the Company.	693,623,719	99.16%	5,857,095	0.84%	134,913	699,480,814	69.09%
10.	To re-elect Mr R J Akers as a director of the Company.	692,165,764	99.08%	6,447,888	0.92%	134,730	698,613,652	69.00%
11.	To re-elect Miss T E Bamford as a director of the Company.	695,543,739	99.56%	3,082,912	0.44%	120,981	698,626,651	69.01%
12.	To re-elect Mrs N S Bibby as a director of the Company.	695,452,795	99.55%	3,177,702	0.45%	117,885	698,630,497	69.01%
13.	To re-elect Mr J F Lennox as a director of the Company.	513,465,331	73.53%	184,848,995	26.47%	434,055	698,314,326	68.98%
14.	To re-appoint Deloitte LLP as the auditor of the Company.	684,344,712	97.96%	14,277,399	2.04%	126,270	698,622,111	69.01%
15.	To authorise the Audit Committee to fix the auditor's remuneration.	687,531,346	98.41%	11,125,070	1.59%	91,966	698,656,416	69.01%
16.	To authorise the Company to make political donations and incur political expenditure.	681,360,446	97.67%	16,277,551	2.33%	1,110,385	697,637,997	68.91%
17.	To approve the amendments to the Company's Long Term Performance Plan.	695,313,329	99.53%	3,262,187	0.47%	172,865	698,575,516	69.00%
18.	To approve the amendments to the Company's Deferred Bonus Plan.	692,527,430	99.14%	6,017,423	0.86%	203,528	698,544,853	69.00%
19.	To authorise the Board to allot shares and grant subscription/conversion rights over shares.	697,430,922	99.83%	1,189,001	0.17%	127,309	698,619,923	69.01%
20.	To authorise the Board to allot or sell ordinary shares without complying with pre-emption rights.*	698,399,397	99.85%	1,049,403	0.15%	166,177	699,448,800	69.09%
21.	To authorise the Company to make market purchases of its Ordinary Shares.*	695,594,046	99.51%	3,451,343	0.49%	570,337	699,045,389	69.05%
22.	To allow the Company to hold general meetings, other than an annual general meeting, on not less than 14 clear days' notice.*	654,289,229	93.53%	45,247,026	6.47%	78,722	699,536,255	69.10%

1 A vote withheld is not a vote in law.

* Indicates a special resolution requiring a 75% majority.

Issued share capital as at voting record date: 1,012,414,285

Number of votes per share: one

"We note the votes cast in respect of resolution 13 which relates to the re-election of Jock Lennox. Whilst his re-election was approved, we will discuss the concerns raised by shareholders who voted against the resolution".

Resolutions submitted to the National Storage Mechanism (the 'NSM')

We will shortly submit copies of all resolutions, other than those relating to ordinary business, passed at the meeting, (being Resolutions 17, 18, 19, 20, 21 and 22) to the NSM in accordance with Listing Rule 9.6.2.

These resolutions will therefore be available for inspection at: http://www.morningstar.co.uk/uk/NSM

The poll results will also be available shortly on the Company's website www.barrattdevelopments.co.uk.

For further information please contact:

Barratt Developments PLC

David Thomas, Chief Executive                                                         020 7299 4896

Tina Bains, Company Secretary                                                        01530 278 278

For media enquiries, please contact:

Barratt Developments PLC

Tim Collins, Head of Corporate Communications                               020 7299 4874

Brunswick

Jonathan Glass                                                                                  020 7396 7486

Wendel Verbeek                                                                                020 7396 5372

This information is provided by RNS

The company news service from the London Stock Exchange

END

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