RNS Number : 9513W
London Stock Exchange Group PLC
28 April 2021
 

LONDON STOCK EXCHANGE GROUP PLC (the "Company"/ "LSEG")

 

28 April 2021

 

RESULT OF ANNUAL GENERAL MEETING

 

All resolutions proposed at the Annual General Meeting of the Company held on 28 April 2021 were passed by shareholders.  Resolutions 1-20 were passed as Ordinary Resolutions and Resolutions 21-25 as Special Resolutions. 

 

London Stock Exchange Group plc Annual General Meeting Poll Results

 

 

RESOLUTION

VOTES
FOR

%

VOTES
AGAINST

%

VOTES
TOTAL

% OF RELEVANT SHARES IN ISSUE

VOTES
WITHHELD

1

To receive the annual report and accounts

443,077,166

99.99

28,331

0.01

443,105,497

86.68%

1,748,003

2

To declare a dividend

444,822,623

99.99

25,862

0.01

444,848,485

87.03%

5,015

3

To approve the Annual Report on Remuneration and the annual statement of the Chair of the

Remuneration Committee

334,721,864

76.48

102,929,835

23.52

437,651,699

85.62%

7,201,800

4

To re-elect Jacques Aigrain as a Director

413,879,595

93.04

30,968,921

6.96

444,848,516

87.03%

4,984

5

To re-elect Dominic Blakemore as a Director

440,912,237

99.47

2,338,264

0.53

443,250,501

86.71%

1,602,999

6

To re-elect Professor Kathleen DeRose as a Director

443,083,108

99.60

1,765,178

0.40

444,848,286

87.03%

5,214

7

To re-elect Cressida Hogg CBE as a Director

420,482,663

94.52

24,365,711

5.48

444,848,374

87.03%

5,126

8

To re-elect Stephen O'Connor as a Director

443,083,802

99.60

1,764,484

0.40

444,848,286

87.03%

5,214

9

To re-elect Dr Val Rahmani as a Director

420,463,883

94.52

24,384,253

5.48

444,848,136

87.03%

5,364

10

To re-elect Don Robert as a Director

413,121,192

92.87

31,726,894

7.13

444,848,086

87.03%

5,414

11

To re-elect David Schwimmer as a Director

443,505,681

99.70

1,343,246

0.30

444,848,927

87.03%

4,573

12

To elect Martin Brand as a Director

435,812,865

97.97

9,033,320

2.03

444,846,185

87.02%

7,315

13

To elect Erin Brown as a Director

438,680,392

98.61

6,165,993

1.39

444,846,385

87.02%

7,115

14

To elect Anna Manz as a Director

443,320,174

99.66

1,526,273

0.34

444,846,447

87.02%

7,053

15

To elect Douglas Steenland as a Director

437,627,203

98.38

7,219,244

1.62

444,846,447

87.02%

7,053

16

To re-appoint Ernst & Young LLP as auditors

442,856,606

99.91

393,080

0.09

443,249,686

86.71%

1,603,814

17

To authorise the Directors to approve the auditors' remuneration

443,084,650

99.96

166,861

0.04

443,251,511

86.71%

1,601,989

18

To renew the Directors' authority to allot shares

411,080,215

92.41

33,767,728

7.59

444,847,943

87.03%

5,557

19

To authorise the Company to make political donations and incur political expenditure

441,729,347

99.31

3,074,578

0.69

444,803,925

87.02%

49,575

20

To approve the London Stock Exchange Group UK SAYE

439,364,761

99.92

370,506

0.08

439,735,267

86.03%

5,796

21

To approve the adoption of new Articles of Association

444,793,010

100.00

16,085

0.00

444,809,095

87.02%

44,405

22

To disapply pre-emption rights in respect of an allotment of equity securities for cash

443,439,408

99.76

1,047,710

0.24

444,487,118

86.95%

366,382

23

To disapply pre-emption rights in respect of a further allotment of equity securities for cash, for the purposes of financing a transaction

438,358,457

98.62

6,127,084

1.38

444,485,541

86.95%

367,959

24

To grant the Directors authority to purchase the Company's own shares

440,690,354

99.19

3,614,684

0.81

444,305,038

86.92%

548,462

25

That a general meeting other than an annual general meeting may be called on not less than 14 clear days' notice

284,991,994

96.04

11,738,101

3.96

296,730,095

58.05%

5,684

 

Notes

 

1.       Please note a 'vote withheld' is not a vote under English law and is not counted in the calculation of votes 'for' and 'against' a resolution.

 

2.       As at 6.30pm on 26 April 2021, the issued share capital of the Company consisted of 506,058,579 ordinary shares and 51,124,377 limited-voting ordinary shares. The Company does not hold any ordinary shares in Treasury. Therefore, the total voting rights as at that time were 511,171,017.

 

3.      Ordinary shareholders are entitled to one vote per share. Limited-voting ordinary shareholders are entitled one-tenth of a vote per share.

 

4.       The percentages above are rounded to two decimal places.

 

5.   Results of the poll will also be available shortly on the Company's website:  http://www.lseg.com/investor-relations/shareholder-services/agm-information

 

Resolution 3 - Directors' remuneration report

 

The Board of LSEG notes that, while all of the other resolutions at today's Annual General Meeting were passed with a strong majority, Resolution 3 (Approval of the Annual Report on Remuneration) passed with 76.48% of votes in favour.  

 

The increase to the CEO's base salary reflects the increased responsibilities and scope of the role following the acquisition of Refinitiv, which has transformed the business into a significantly larger, more complex and truly global company. LSEG undertook extensive engagement with shareholders on our Remuneration Report and taking into account their feedback, the LSEG Remuneration Committee also determined to significantly increase the minimum shareholding requirement for the CEO from 300% to 400%. Although shareholders were broadly supportive of the underlying principle of the CEO's increase in base salary post completion of the Refinitiv transaction we recognise that certain shareholders would have preferred the increase to have been phased.

 

Following the Annual General Meeting, LSEG will continue to engage with its shareholders and will carefully consider all further feedback. We will publish an update on that engagement within six months of the Annual General Meeting, in accordance with the UK Corporate Governance Code.

 

In accordance with Listing Rule 9.6.2, copies of the resolutions that do not constitute ordinary business, will be shortly be available for inspection at the National Storage Mechanism document viewing facility at

https://data.fca.org.uk/#/nsm/nationalstoragemechanism

 

In addition, and in accordance with Listing Rule 9.2.6E, a copy of the Articles of Association of the Company will also be available for inspection at the National Storage Mechanism.

 

 

Further information is available from:

 

London Stock Exchange Group plc

 

Lucie Holloway

Media

 

+44 (0)20 7797 1222

 

Paul Froud

Investor Relations

+44 (0)20 7797 3322

 

 

 

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