CHESNARA PLC

AGM Information • May 16, 2023

National Storage Mechanism | Additional information

RNS Number : 6129Z

Chesnara PLC

16 May 2023

LEI Number: 213800VFRMBRTSZ3SJ06

16th May 2023

CHESNARA plc

("Chesnara" or "the Company")

RESULT OF THE CHESNARA PLC 2023 ANNUAL GENERAL MEETING

Chesnara plc (CSN.L) announces that the resolutions proposed at its Annual General Meeting held on 16th May 2023 were passed by a show of hands. For information, the results of the AGM, which includes the total number of votes received for each resolution, are set out below. The Company's issued share capital on 16th May 2023 consisted of 150,404,962 ordinary 5p shares and the number of voting rights was also 150,404,962 ordinary 5p shares (as there were no treasury shares).

No.	Resolution	No. of votes 'for' & 'discretionary'	%	Votes 'against'*	%	Total No. of votes cast	Votes 'withheld'
1	To receive and adopt the report and accounts for the year ended 31 December 2022	91,059,200	99.99	5,838	0.01	91,065,038	60,746
2	To approve the Directors' Remuneration Report	66,203,911	72.66	24,914,731	27.34	91,118,642	7,142
3	To approve the Directors' Remuneration Policy	87,638,247	96.25	3,416,902	3.75	91,055,149	70,635
4	To declare a final dividend of 15.16p per ordinary share	91,083,620	99.95	41,247	0.05	91,124,867	917
5	To re-elect Steve Murray as a director	91,052,509	99.96	33,045	0.04	91,085,554	40,230
6	To re-elect Carol Hagh as a director	88,461,192	97.13	2,617,472	2.87	91,078,664	47,120
7	To re-elect Karin Bergstein as a director	90,191,882	99.03	886,782	0.97	91,078,664	47,120
8	To re-elect David Rimmington as a director	91,052,509	99.96	33,045	0.04	91,085,554	40,230
9	To re-elect Jane Dale as a director	90,193,781	99.02	888,698	0.98	91,082,479	43,305
10	To re-elect Luke Savage as a director	88,465,042	97.12	2,620,512	2.88	91,085,554	40,230
11	To re-elect Mark Hesketh as a director	90,020,780	98.83	1,068,069	1.17	91,088,849	36,935
12	To re-elect Eamonn Flanagan as a director	88,027,055	96.64	3,061,794	3.36	91,088,849	36,935
13	To re-appoint Deloitte LLP as auditor	91,084,026	99.96	38,166	0.04	91,122,192	3,592
14	To authorise the directors to determine the auditor's remuneration	91,069,446	99.94	51,246	0.06	91,120,692	5,092
15	To provide limited authority to make political donations and to incur limited political expenditure	81,325,983	98.74	1,034,465	1.26	82,360,448	8,765,336
16	To approve and adopt the rules of the Chesnara 2023 Short-term Incentive Scheme	90,197,342	99.08	834,915	0.92	91,032,257	93,527
17	To approve and adopt the rules of the Chesnara 2023 Long-term Incentive Plan	86,905,698	95.47	4,126,559	4.53	91,032,257	93,527
18.	To authorise the directors to allot equity securities up to a specified amount	90,099,713	98.89	1,015,013	1.11	91,114,726	11,058
19.	Special resolution - To give the directors power to allot equity securities for cash without making an offer to shareholders (rights issue or open offer)	90,279,079	99.08	838,442	0.92	91,117,521	8,263
20.	Special resolution - To give the directors power to allot equity securities for cash without making an offer to shareholders (financing or refinancing an acquisition)	90,287,264	99.09	829,809	0.91	91,117,073	8,711
21.	Special resolution - To give the Company limited authority to purchase its own shares	91,025,736	99.93	65,888	0.07	91,091,624	34,160
22.	Special resolution - To adopt the revised Articles of Association	90,325,739	99.16	763,590	0.84	91,089,329	36,455
23.	Special resolution - To allow the Company to call general meetings on not less than 14 clear days' notice	90,889,668	99.75	229,570	0.25	91,119,238	6,546

*Votes 'withheld' have not been included in the calculation of whether the resolution is carried. Percentages have been rounded to two decimal places.

The Board confirms that it will consult and engage with shareholders to understand and discuss their views in respect of Resolution 2 (the Directors' Remuneration Report excluding the Directors' Remuneration Policy).  In accordance with the UK Corporate Governance Code, the Company will publish an update in this regard within the next six months of this AGM.

The full text of the resolutions can be found in the Notice of the Meeting set out in the Financial Statements for the year ended 31 December 2022, copies of which are available on the Company's website, www.chesnara.co.uk. In accordance with Listing Rule 9.6.3, full details of the resolutions passed as special business will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

Investor Enquiries

Sam Perowne

Head of Strategic Development & Investor Relations

Chesnara plc

E - sam.perowne@chesnara.co.uk

Media Enquiries

Roddy Watt

Director, Capital Markets

FWD

T - 020 7280 0651 / 07714 770 493 

E - roddy.watt@fwdconsulting.co.uk

Notes to Editors

Chesnara (CSN.L) is a European life and pensions consolidator listed on the London Stock Exchange.  It administers approximately one million policies and operates as Countrywide Assured and CASLP in the UK, as The Waard Group and Scildon in the Netherlands, and as Movestic in Sweden.

Following a three-pillar strategy, Chesnara's primary responsibility is the efficient administration of its customers' life and savings policies, ensuring good customer outcomes and providing a secure and compliant environment to protect policyholder interests. It also adds value by writing profitable new business in Sweden and the Netherlands and by undertaking value-adding acquisitions of either companies or portfolios.

Consistent delivery of the Company strategy has enabled Chesnara to increase its dividend for 18 years in succession.

Further details are available on the Company's website (www.chesnara.co.uk).

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