Britvic PLC — AGM Information 2020

Jan 31, 2020

National Storage Mechanism | Additional information

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RNS Number : 6160B

Britvic plc

31 January 2020

Britvic plc

LEI: 635400L3NVMYD4BVCI53

31 January 2020

Result of Annual General Meeting

Britvic plc (the "Company") announces that the following resolutions were duly passed at the Company's Annual General Meeting which was held at 11.00 a.m. on 31 January 2020 at Linklaters LLP, One Silk Street, London EC2Y 8HQ.  The results of the poll are as follows:

No.	Resolution	Total For (1)	%	Total Against	%	Votes Withheld (2)
Ordinary Resolutions
1.	Receive the Annual Report for 52 weeks ended 29 September 2019	204,553,499	99.98	37,944	0.02	335,306
2.	Declare a final dividend of 21.7p per share	204,877,451	99.98	37,845	0.02	11,453
3.	Approve the directors' remuneration report for 52 weeks ended 29 September 2019	172,582,297	87.27	25,171,913	12.73	7,172,538
4.	Re-election of John Daly as a director	192,384,425	93.92	12,443,736	6.08	98,587
5.	Re-election of Suniti Chauhan as a director	204,104,940	99.65	721,101	0.35	100,708
6.	Re-election of Sue Clark as a director	193,791,415	97.10	5,785,629	2.90	5,349,704
7.	Re-election of William Eccleshare as a director	151,721,999	74.07	53,103,141	25.93	101,608
8.	Re-election of Simon Litherland as a director	203,996,387	99.59	831,636	0.41	96,826
9.	Re-election of Ian McHoul as a director	162,312,565	79.24	42,513,525	20.76	98,759
10.	Re-election of Euan Sutherland as a director	204,064,891	99.63	758,860	0.37	100,208
11.	Election of Joanne Wilson as a director	204,045,481	99.62	779,512	0.38	99,856
12.	Re-appointment of Ernst & Young LLP as auditors	202,033,339	98.60	2,873,093	1.40	18,416
13.	Authority to Audit Committee to fix the remuneration of the auditors	202,339,510	98.75	2,568,825	1.25	16,956
14.	Authority to make political donations and incur political expenditure	203,871,918	99.50	1,027,750	0.50	25,181
15.	Authority to directors to allot shares	173,614,046	84.73	31,285,893	15.27	24,910
Special Resolutions
16.	Authority to directors to issue shares for cash	194,864,801	99.87	256,915	0.13	9,803,133
17.	Authority to issue shares for cash in relation to an acquisition or other capital investment	180,152,037	92.33	14,969,548	7.67	9,803,263
18.	Authority to company to purchase own shares	204,237,223	99.73	561,153	0.27	126,472
19.	Authority to hold general meetings (other than AGMs) on 14 clear days' notice	180,098,088	87.89	24,810,318	12.11	16,443

The Company's issued share capital as at 31 January 2020 was 266,034,277 shares of 20 pence each. 77.03% of the issued share capital was instructed. 

(1)	Includes those votes giving the Chairman discretion
(2)	A 'vote withheld' is not a vote in law and is not counted in the calculation of votes 'For' or 'Against' a resolution.

The Board notes the result of the votes against Resolutions 7 and 9 (the re-appointment of William Eccleshare and Ian McHoul). From the Company's ongoing engagement with investors, we understand that the concerns relate to calls on their time. All Directors currently comply with best practice and their time commitments is a matter that the Nominations Committee keeps under regular review. The Company benefits from a strong Board with a good blend of experience and expertise. The Company will continue to consult with shareholders who did not vote in favour on these resolutions and will provide an update within six months as required by the UK Corporate Governance Code.

In accordance with Listing Rule 9.6.2, copies of the resolutions passed that do not constitute ordinary business at an annual general meeting will be submitted to the National Storage Mechanism and will be available for viewing at www.morningstar.co.uk/uk/nsm.

The results will also be made available on the Company's website at www.britvic.com/investors/shareholder-centre/agm.

Jonathan Adelman

Company Secretary

Britvic plc

Britvic plc Legal Entity Identifier: 635400L3NVMYD4BVCI53

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