Next PLC

AGM Information • May 14, 2020

National Storage Mechanism | Additional information

RNS Number : 9226M

Next PLC

14 May 2020

Contacts:	Alistair Mackinnon-Musson
	Rowbell PR	Tel:  020 7717 5239
	Email: next@rowbellpr.com
Photographs:	Photographs available at: http://press.next.co.uk/media/company-images/campaignimages.aspx

NEXT PLC

Results of 2020 Annual General Meeting ("AGM")

The Board of Next plc is pleased to announce that at the AGM of Next shareholders held on 14 May 2020 all resolutions as set out in the Notice of Meeting contained in the Annual Report and Accounts for the year ended 25 January 2020 were passed.

All resolutions were put to the meeting and approved on a poll and results are detailed below.

The total number of shares on the register at 6.30 pm on 12 May 2020, being those eligible to be voted on at the AGM, was 132,949,276.

		For		Against		TOTAL VOTES CAST	% of shares on register at 6.30pm 12 May 2020	Votes withheld1
Resolution	Special / Ordinary	No. of Votes	%	No. of Votes	%	No. of Votes	%	No. of Votes
1 To receive and adopt the accounts and reports of the directors and auditor	Ordinary	101,107,641	100.0%	773	0.0%	101,108,414	76.05%	227,830
2 To adopt the Remuneration Policy	Ordinary	92,690,078	91.82%	8,252,433	8.18%	100,942,511	75.93%	393,732
3 To approve the Remuneration report	Ordinary	96,952,432	97.03%	2,964,177	2.97%	99,916,609	75.15%	1,419,634
4 To re-elect Jonathan Bewes as a director	Ordinary	98,475,535	97.33%	2,696,361	2.67%	101,171,896	76.10%	164,347
5 To re-elect Tristia Harrison as a director	Ordinary	100,525,541	99.36%	646,624	0.64%	101,172,165	76.10%	164,079
6 To re-elect Amanda James as a director	Ordinary	99,722,096	98.57%	1,450,063	1.43%	101,172,159	76.10%	164,084
7 To re-elect Richard Papp as a director	Ordinary	100,264,827	99.10%	907,216	0.90%	101,172,043	76.10%	164,200
8 To re-elect Michael Roney as a director	Ordinary	89,187,316	89.66%	10,283,486	10.34%	99,470,802	74.82%	1,865,441
9 To re-elect Francis Salway as a director	Ordinary	98,012,612	96.94%	3,092,043	3.06%	101,104,655	76.05%	231,588
10 To re-elect Jane Shields as a director	Ordinary	100,433,259	99.27%	741,992	0.73%	101,175,251	76.10%	160,992
11 To re-elect Dame Dianne Thompson as a director	Ordinary	100,625,877	99.46%	545,139	0.54%	101,171,016	76.10%	165,228
12 To re-elect Lord Wolfson as a director	Ordinary	100,506,243	99.34%	670,280	0.66%	101,176,523	76.10%	159,721
13 To re-appoint PricewaterhouseCoopers LLP as auditor	Ordinary	101,138,671	99.96%	37,893	0.04%	101,176,564	76.10%	159,680
14 To authorise the Audit Committee to set the auditor's remuneration	Ordinary	101,134,044	99.96%	43,221	0.04%	101,177,265	76.10%	158,979
15 To authorise the directors to amend the rules of the Next LTIP	Ordinary	98,389,678	97.25%	2,781,351	2.75%	101,171,029	76.10%	165,215
16 To extend the Next SMP	Ordinary	96,776,834	95.66%	4,394,235	4.34%	101,171,069	76.10%	165,175
17 To extend the Next Sharesave Plan	Ordinary	100,560,711	99.40%	611,772	0.60%	101,172,483	76.10%	163,761
18 To extend the Next MSOP	Ordinary	100,573,749	99.41%	597,084	0.59%	101,170,833	76.10%	165,411
19  Directors' authority to allot shares	Ordinary	96,957,358	95.83%	4,216,648	4.17%	101,174,006	76.10%	162,238
20 General authority to disapply pre-emption rights	Special	101,119,365	99.95%	51,815	0.05%	101,171,180	76.10%	165,064
21 Additional authority to disapply pre-emption rights	Special	98,633,784	97.49%	2,536,676	2.51%	101,170,460	76.10%	165,784
22 Authority for on-market purchase of own shares	Special	98,956,361	97.86%	2,168,873	2.14%	101,125,234	76.06%	211,009
232 Authority for off-market purchases of own shares	Special	98,653,832	97.56%	2,470,722	2.44%	101,124,554	76.06%	211,689
Less votes disregarded under the provisions of the Companies Act 2006		(3,000,000)				(3,000,000)
Resolution 23 total		95,653,8322	97.48%	2,470,722	2.52%	98,124,554	73.81%	211,689
24 To increase the Company's borrowing powers	Special	93,726,546	92.64%	7,440,865	7.36%	101,167,411	76.09%	168,833
25 To adopt new articles of association	Special	101,158,861	100.0%	4,561	0.0%	101,163,422	76.09%	172,822
26 Notice period of general meetings	Special	96,031,957	94.92%	5,144,260	5.08%	101,176,217	76.10%	160,026

Note1:  The 'Vote Withheld' option is provided to enable the shareholder to abstain on any resolution. It is not a vote in law and is not counted in the calculation of the proportion of votes for and against a resolution.

Note2: The total maximum number of Ordinary Shares which may be purchased by Next for cancellation pursuant to such contingent purchase contracts is 3.0 million. Next has disregarded 3.0 million votes from both the total number of votes cast in favour of the resolution and the total votes cast so that the voting of those shares did not affect the result of the poll.

In accordance with LR 9.6.2 and 9.2.6ER(1), a copy of resolutions passed as special business along with the new articles of association will be submitted as soon as practicable to the National Storage Mechanism and will be available shortly for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

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