REG - LSL Property Svcs. - Result of AGM

LSL Property ServicesAnnouncement

20/06/2024 13:30

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RNS Number : 2628T  LSL Property Services PLC  20 June 2024

LSL Property Services plc (LSL)

Results of Annual General Meeting 2024 (AGM)

 

LSL held its AGM on 20 June 2024 at 10am at Royal Lancaster London, Lancaster
Terrace, London, W2 2TY.  All resolutions set out in the Notice of the
Meeting were passed by shareholders by way of a poll and details of the votes
cast are set out below. 82,727,418 proxy votes were received representing
79.64% of the total number of ordinary shares in issue (excluding treasury
shares) 1 .   The following table gives details of the proxy votes lodged
with LSL's registrar:

 

 Resolution                                                                       Total Votes For/Discretion (%) 2   Total Votes Against  Total Votes

(%)
Withheld 3 
 1.     To receive, consider and adopt LSL's Annual Accounts for the year         100                                0.00                 11,162
 ended 31(st) December 2023, together with the Directors' Report and Auditor's
 Report on those accounts.
 2.     To approve the Directors' Remuneration Report (other than the part        99.96                              0.04                 11,299
 containing the Directors' Remuneration Policy) contained within LSL's Annual
 Report and Accounts 2023.
 3.     To declare a final dividend, recommended by the Directors, of 7.4         100                                0.00                 386
 pence per ordinary share in respect of the year ended 31(st) December 2023, to
 be paid on 28(th) June 2024 to shareholders whose names appear on the Register
 of Members of LSL at the close of business on 10(th) May 2024.
 4.     To re-elect Gaby Appleton as a Director of LSL.                           74.99                              25.01                6,101,862
 5.     To re-elect Adam Castleton as a Director of LSL.                          99.96                              0.04                 2,103,393
 6.     To elect Adrian Collins as a Director of LSL.                             99.98                              0.02                 137
 7.     To re-elect Darrell Evans as a Director of LSL.                           99.18                              0.82                 6,101,863
 8.     To re-elect Sonya Ghobrial as a Director of LSL.                          97.24                              2.76                 2,103,393
 9.     To re-elect James Mack as a Director of LSL.                              99.22                              0.78                 2,103,394
 10.   To re-elect David Stewart as a Director of LSL.                            85.54                              14.46                2,103,393
 11.   To re-appoint Ernst & Young LLP as auditor of LSL.                         96.49                              3.51                 138
 12.   To authorise the Directors to determine the auditor's remuneration.        99.97                              0.03                 1
 13.   To authorise the Directors to allot shares.                                97.4                               2.6                  137
 14.   To disapply pre-emption rights                                             88.83                              11.17                523

 (Special Resolution).
 15.   To disapply pre-emption rights - acquisitions (Special Resolution).        88.99                              11.01                523
 16.   To authorise LSL to purchase its own Ordinary Shares (Special              99.98                              0.02                 274
 Resolution).
 17.   To authorise the making of political donations                             82.27                              17.73                386
 18.   To authorise the holding of a general meeting on not less than 14          91.24                              8.76                 137
 days' notice (Special Resolution).

 

The Board is pleased that all resolutions were passed at today's AGM and
thanks shareholders for their engagement and support. The Board notes that
25.01% of the votes cast in relation to Resolution 4 (to re-elect Gaby
Appleton) were against the resolution.  The views of shareholders are very
important to us and the Chairman intends to contact those who voted against
this resolution to discuss their particular concerns.

 

Copies of the special business resolutions passed at the AGM will be submitted
to the UK Listing Authority and will shortly be available through the
National Storage Mechanism.

 

Further information is available from:

Sapna B FitzGerald

Company Secretary

investorrelations@lslps.co.uk

 

LSL Property Services plc

www.lslps.co.uk (http://www.lslps.co.uk/)

 

 1  As at close of business on Wednesday 19 June 2024 LSL holds 1,288,439
shares in Treasury and has 103,870,511 ordinary shares in issue (excluding
treasury shares).

 2  These are votes received supporting the resolution or granting the
Chairman or another third party discretion to vote on their behalf in respect
of the resolution.

 3  A vote withheld is not a vote in law and is not counted in the calculation
of the votes for or against a resolution.

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