Future PLC — AGM Information 2020

Feb 5, 2020

National Storage Mechanism | Additional information

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RNS Number : 1080C

Future PLC

05 February 2020

Future plc

5 February 2020

FUTURE PLC

Result of Annual General Meeting

Future plc (LSE: FUTR), the global platform for specialist media, announces the results of voting on the resolutions put to shareholders at its Annual General Meeting (the "AGM") held on Wednesday 5 February 2020.  Details of the resolutions are set out in full in the Notice of AGM on pages 149 and 150 of the Annual Report 2019.  Copies are available to view and download on the Company's website, www.futureplc.com, on request to the Company's registered office at Quay House, The Ambury, Bath BA1 1UA or by email: investor.relations@futurenet.com.

Voting at the AGM was conducted on a show of hands.  All resolutions were passed by the required majority. 

Resolutions 1 to 14 (inclusive) were passed as ordinary resolutions, resolutions 15 to 18 were passed as special resolutions. 

Resolution 2 (the Remuneration Report) was passed with a majority of 75.09%, as detailed in the table below.  Having consulted extensively with major shareholders around the proposed remuneration policy, the Company is pleased to note the strong vote of support for Resolution 3 (the Remuneration Policy), but acknowledges the dissenting votes in respect of the Remuneration Report. 

We thank shareholders who have been in contact for their engagement with us on remuneration issues to date, will reflect further upon their comments, and publish an update on our ongoing engagement, in accordance with the UK Corporate Governance Code, within six months of the AGM. 

The results of votes cast by proxy for each resolution were as follows:

Resolution	Votes for	%	Votes against	%	Total votes	% of ISC* voted	Votes withheld
1	82,607,639	100.00	0	0.00	82,607,639	84.28	120,335
2	58,254,355	75.09	19,324,119	24.91	77,578,474	79.15	5,149,500
3	64,571,026	83.20	13,039,300	16.80	77,610,326	79.18	5,117,648
4	82,666,880	100.00	39	0.00	82,666,919	84.34	61,055
5	73,093,865	91.33	6,942,681	8.67	80,036,546	81.66	2,691,428
6	81,819,609	98.98	847,286	1.02	82,666,895	84.34	61,079
7	79,013,476	99.17	659,616	0.83	79,673,092	81.29	3,049,882
8	78,826,556	95.35	3,840,339	4.65	82,666,895	84.34	61,079
9	82,273,337	99.52	393,558	0.48	82,666,895	84.34	61,079
10	72,998,526	88.30	9,668,369	11.70	82,666,895	84.34	61,079
11	80,810,502	97.81	1,808,507	2.19	82,619,009	84.29	108,965
12	80,011,603	96.84	2,607,347	3.16	82,618,950	84.29	109,024
13	81,511,818	98.60	1,155,056	1.40	82,666,874	84.34	61,100
14	76,495,885	92.54	6,170,948	7.46	82,666,833	84.34	61,141
15	77,610,243	93.88	5,056,607	6.12	82,666,850	84.34	61,124
16	76,961,962	93.10	5,704,888	6.90	82,666,850	84.34	61,124
17	81,373,975	98.44	1,292,865	1.56	82,666,840	84.34	61,134
18	82,308,375	99.57	358,541	0.43	82,666,916	84.34	61,058

* Issued share capital

Notes:

1.   As at the date of the AGM, the Company had 98,014,373 ordinary shares in issue. The Company did not hold any shares in treasury and therefore the number of total voting rights as at the date of the AGM was 98,014,373. 

2.   Note that a 'vote withheld' is not a vote in law and such votes have not been included in the calculation of votes 'for' and 'against' each resolution. Proxy appointments which gave discretion to the Chairman have been included in the 'for' total above.

3.   In accordance with Listing Rule 9.6.2, copies of the relevant ordinary and special resolutions passed at the will be submitted to the FCA's National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/nsm. The full text of the resolutions passed at the Annual General Meeting can be found in the Notice of Annual General Meeting, which is available for inspection at the National Storage Mechanism and also on the Company's website at www.futureplc.com

Enquiries:

Timothy Maw

Company Secretary

Future plc

+44 (0)1225 442244

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