CHESNARA PLC

AGM Information • May 14, 2024

National Storage Mechanism | Additional information

RNS Number : 2566O

Chesnara PLC

14 May 2024

LEI Number: 213800VFRMBRTSZ3SJ06

14th May 2024

CHESNARA plc

("Chesnara" or "the Company")

RESULT OF THE CHESNARA PLC 2024 ANNUAL GENERAL MEETING

Results of AGM

Chesnara plc (CSN.L) announces that the resolutions put to its Annual General Meeting ("AGM") held on 14th May 2024 were duly passed.

The results of the AGM, including the total number of votes received for each resolution, were as follows:

No.	Resolution	Votes 'for'	%	Votes 'against'	%	Total votes validly cast	Votes 'withheld'
1	To receive and adopt the audited accounts for the year ended 31 December 2023	88,443,651	99.98	18,174	0.02	88,461,825	68,623
2	To approve the Directors' Remuneration Report for the year ended 31 December 2023	87,088,647	98.42	1,397,455	1.58	88,486,102	44,346
3	To declare a final dividend of 15.61p per ordinary share for the year ended 31 December 2023	88,509,452	99.99	11,423	0.01	88,520,875	9,573
4	To re-appoint Steve Murray as a director	88,453,289	99.96	33,823	0.04	88,487,112	43,336
5	To re-appoint Carol Hagh as a director	87,488,972	98.87	998,104	1.13	88,487,076	43,372
6	To re-appoint Karin Bergstein as a director	87,653,252	99.06	833,824	0.94	88,487,076	43,372
7	To re-appoint Jane Dale as a director	87,661,581	99.07	825,495	0.93	88,487,076	43,372
8	To re-appoint Luke Savage as a director	87,666,356	99.07	820,720	0.93	88,487,076	43,372
9	[To re-appoint Mark Hesketh as a director (withdrawn)]	-	-	-	-	-	-
10	To re-appoint Eamonn Flanagan as a director	87,722,889	99.14	763,823	0.86	88,486,712	43,736
11	To appoint Tom Howard as a director	88,437,738	99.94	49,338	0.06	88,487,076	43,372
12	To re-appoint Deloitte LLP as auditor	88,436,376	99.93	63,095	0.07	88,499,471	30,977
13	To authorise the directors to determine the auditor's remuneration	88,479,839	99.96	34,028	0.04	88,513,867	16,581
14	To provide limited authority to make political donations and to incur limited political expenditure	81,783,475	98.78	1,013,989	1.22	82,797,464	5,732,984
15	To authorise the directors to allot shares up to a specified amount	87,480,654	98.84	1,026,783	1.16	88,507,437	23,011
16	Special resolution - To authorise the directors to disapply pre-emption rights (general corporate purposes)	82,149,492	92.81	6,363,900	7.19	88,513,392	17,056
17	Special resolution - To authorise the directors to disapply pre-emption rights (acquisition or other capital investment)	82,079,620	92.74	6,426,086	7.26	88,505,706	24,742
18	Special resolution - To give the Company limited authority to purchase its own shares	88,424,826	99.93	60,206	0.07	88,485,032	45,416
19	To authorise the directors to allot ordinary shares in relation to an issue of Restricted Tier 1 Instrument up to a specified amount	87,468,630	98.85	1,017,786	1.15	88,486,416	44,032
20	Special resolution - To authorise the directors to disapply pre-emption rights in relation to the issue of Restricted Tier 1 Instruments	87,602,503	99.01	875,739	0.99	88,478,242	52,206
21	Special resolution - To authorise the Company to call general meetings on not less than 14 clear days' notice	88,362,358	99.83	153,539	0.17	88,515,897	14,551

The Board is pleased that all resolutions passed with a significant majority.

Other Matters

As announced on 7th December 2023, David Rimmington did not seek re-appointment to the Board and stepped down as Group Finance Director and as an Executive Director of Chesnara plc at the conclusion of the AGM.

A s announced on 17th April 2024, Resolution 9 was withdrawn from the agenda of the AGM as a result of Mark Hesketh, Independent Non-Executive Director, stepping down from the Board of Chesnara plc on 9 April 2024.

The Company's issued share capital on 14th May 2024 consisted of 150,954,119 ordinary shares of 5p each with no shares held in Treasury. Each share carries one voting right and therefore the number of voting rights is 150,954,119.

Votes withheld are not a vote in law and have not been counted in the calculation of the votes for and against each resolution or the total votes validly cast.

The full text of the resolutions can be found in the Notice of the Annual General Meeting 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 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, the Netherlands and the UK as well as by undertaking value-adding acquisitions of either companies or portfolios.

Consistent delivery of the Company strategy has enabled Chesnara to increase its dividend for 1 years in succession.

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

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