April 29, 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 witheld |
|
|---|---|---|---|---|---|---|---|---|
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
- 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.
- 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.
- Ordinary shareholders are entitled to one vote per share. Limited-voting ordinary shareholders are entitled one-tenth of a vote per share.
- The percentages above are rounded to two decimal places.
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.
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.
About LSEG
LSEG (London Stock Exchange Group) is a leading global financial markets infrastructure and data provider, playing a vital social and economic role in the world’s financial system.
With our open approach, trusted expertise and global scale, we enable the sustainable growth and stability of our customers and their communities. We are dedicated partners with extensive experience, deep knowledge and a worldwide presence in data and analytics; indices; capital formation; and trade execution, clearing and risk management across multiple asset classes.
LSEG is headquartered in the United Kingdom, with significant operations in over 60 countries across EMEA, North America, Latin America and Asia Pacific. We employ 25,000 people globally, more than half located in Asia Pacific. LSEG’s ticker symbol is LSEG.
Contacts
Investor Relations
Paul Froud
+44 (0)20 7797 3322
ir@lseg.com
Media
Lucie Holloway
Financial Communications
+44 (0) 20 7797 1222
newsroom@lseg.com