BROOKS MACDONALD GROUP PLC

AGM Information • Oct 31, 2019

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RNS Number : 8714R

Brooks Macdonald Group PLC

31 October 2019

BROOKS MACDONALD GROUP PLC

(the "Company")

Result of Annual General Meeting ('AGM')

The Company's 2019 AGM was held today at 72 Welbeck Street, London.  All resolutions proposed at the meeting were passed on a poll.  The table below shows the total votes validly cast, being those votes for or against each resolution.  Total votes cast, including votes withheld, were over 11,428,308 Ordinary Shares, representing 81.86% of the Ordinary Shares in issue on 30 October 2019.

		For (see note 1)		Against (see note 1)		Votes withheld (see note 2)
		Votes	%	Votes	%	Votes
1	Receipt of the Annual Report and Accounts	11,428,308	100.00	0	0.00	0
2	Declaration of a final dividend	11,428,308	100.00	0	0.00	0
3	Approval of the Directors' remuneration report	6,936,692	60.70	4,491,616	39.30	0
4	Election of Alan Carruthers as a Director	10,809,792	94.59	618,516	5.41	0
5	Re-election of Caroline Connellan as a Director	10,809,192	99.99	746	0.01	0
6	Re-election of Ben Thorpe as a Director	10,809,792	99.99	146	0.01	0
7	Re-election of Richard Price as a Director	10,809,792	99.99	146	0.01	0
8	Re-election of Diane Seymour-Williams as a Director	11,453,596	99.99	146	0.01	4,000
9	Re-election of David Stewart as a Director	10,809,792	99.99	146	0.01	0
10	Re-election of John Linwood as a Director	10,809,792	99.99	146	0.01	0
11	Re-appointment and remuneration of the Auditor	11,428,162	99.99	146	0.01	0
12	Political donations	9,764,111	99.88	11,519	0.12	1,652,678
13	Authority to allot new shares	11,428,308	100.00	0	0.00	0
14	Authority to disapply pre-emption rights	11,006,511	96.31	421,651	3.69	146
15	Additional authority to disapply pre-emption rights	11,006,511	96.31	421,651	3.69	146
16	Authority to purchase own shares	9,779,030	99.99	600	0.01	1,648,678
17	Notice periods for general meetings (other than AGM)	11,427,708	99.99	600	0.01	0

Notes

1.     Votes "For" and "Against" are expressed as a percentage of votes received. Any proxy appointments which gave the Chairman discretion have been included in the "For" total.

2.     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.

3.     Resolutions 1 to 13 were ordinary resolutions and resolutions 14 to 17 were special resolutions.

4.     The number of ordinary shares in issue as at 30 October 2019 was 13,961,445.

The Board is pleased that all resolutions have been passed but acknowledge that Resolution 3, the approval of the directors' remuneration report, received a significant number of votes against.

Based on the AGM vote and the Board's prior engagement with shareholders, the Board recognises the concerns raised and will continue to engage with shareholders and reflect on the feedback received.

Enquiries to:

Brooks Macdonald Group plc Caroline Connellan, Chief Executive Ben Thorpe, Finance Director	www.brooksmacdonald.com 020 7499 6424
Peel Hunt LLP (Nominated Adviser and Broker) Guy Wiehahn / John Welch	020 7418 8900
MHP Communications Reg Hoare / Simon Hockridge / Charlie Barker	020 3128 8540

Notes to editors

Brooks Macdonald Group plc, through its various subsidiaries, provides leading investment management services in the UK and internationally. The Group, which was founded in 1991 and began trading on AIM in 2005, had Discretionary Funds under Management of £13.3bn as at 30 September 2019.

Brooks Macdonald offers a range of investment management services to private high net worth individuals, pension funds, institutions and trusts. The Group also provides financial planning as well as offshore investment management and acts as fund manager to a regulated OEIC providing a range of risk-managed multi-asset funds and a specialised absolute return fund.

The Group has thirteen offices across the UK and the Channel Islands including London, East Anglia, Hampshire, Leamington Spa, Manchester, Taunton, Tunbridge Wells, York, Scotland, Wales, Jersey, and Guernsey.

LEI: 213800WRDF8LB8MIEX37

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