Ashmore Group PLC

AGM Information • Oct 19, 2018

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RNS Number : 6747E

Ashmore Group PLC

19 October 2018

Ashmore Group plc (the "Company")

19 October 2018

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.

We acknowledge that some shareholders did not support Resolution 17 (waiver of obligation under Rule 9 of the Takeover Code). Ashmore actively solicits the views of its major shareholders and following publication of the Notice of Meeting was in contact with a number of them to understand how they intended to vote and why. This, together with previous engagement on the same issue, meant that the Company has already gained some insight into the reasons behind the results of the voting. The Company will continue this dialogue with its shareholders as part of its normal investor relations activities. Ashmore remains committed to engaging with shareholders on issues of concern to ensure that its policies and practice are transparent, clear and understood in the context of Ashmore's business model and performance, in particular its proposals regarding the waiver under Rule 9 of the Takeover Code. Shareholders' views are reported to the Board so that they can be taken into account in future decision-making.

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 2018	612,565,795	0	236,661	612,565,795	100%
2	To declare a final dividend for the year ended 30 June 2018 of 12.1 pence per Ordinary Share	612,801,323	0	1,133	612,801,323	100%
3	To re-elect Mark Coombs as a Director	610,241,981	2,558,223	2,252	612,800,204	99.58%
4	To re-elect Tom Shippey as a Director	610,241,664	2,558,460	2,332	612,800,124	99.58%
5	To re-elect Clive Adamson as a Director (all shareholders)	556,753,377	55,925,874	123,204	612,679,251	90.87%
5	To re-elect Clive Adamson as a Director  (independent shareholders)	285,361,764	55,925,874	123,124	341,287,638	83.61%
6	To re-elect David Bennett as a Director (all shareholders)	609,562,704	3,237,419	2,332	612,800,123	99.47%
6	To re-elect David Bennett as a Director (independent shareholders)	338,171,091	3,237,419	2,332	341,408,510	99.05
7	To elect Jennifer Bingham as a Director (all shareholders)	607,758,200	15,500	5,028,756	607,773,700	100%
7	To elect Jennifer Bingham as a Director (independent shareholders)	336,366,587	15,500	5,028,756	336,382,087	100%
8	To re-elect Dame Anne Pringle as a Director (all shareholders)	548,812,638	63,987,484	2,332	612,800,122	89.56%
8	To re-elect Dame Anne Pringle as a Director (independent shareholders)	277,421,025	63,987,484	2,332	341,408,509	81.26%
9	To approve the Remuneration Report for the year ended 30 June 2018	463,675,046	106,606,941	42,520,468	570,281,987	81.31%
10	To re-appoint KPMG LLP as auditors	602,674,457	8,842,439	1,285,559	611,516,896	98.55%
11	To authorise the Audit and Risk Committee to agree the remuneration of the auditors	610,119,825	2,675,940	6,691	612,795,765	99.56%
12	To authorise political donations and political expenditure	610,222,708	2,575,176	4,572	612,797,884	99.58%
13	To authorise the Directors to allot shares	605,639,962	7,160,345	2,149	612,800,307	98.83%
14	To authorise the dis-application of pre-emption rights  up to 35,637,040 shares**	612,768,062	28,322	6,072	612,796,384	100%
15	To authorise the dis-application of pre-emption rights  up to a further  35,637,040 shares**	603,511,687	9,284,696	6,072	612,796,383	98.48%
16	To authorise market purchases of shares**	603,078,063	9,670,135	54,256	612,748,198	98.42%
17	To approve the renewal of the waiver of the obligation under Rule 9 of the Takeover Code ***	240,980,931	90,527,530	9,902,381	331,508,461	72.69%
18	To reduce the notice period for general meetings other than an Annual General Meeting**	604,341,087	8,459,037	2,332	612,800,124	98.62%

*               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 6386

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