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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Intu Properties plc    INTU   GB0006834344

INTU PROPERTIES PLC

(INTU)
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Intu Properties : Update on 2019 AGM resolution votes

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10/31/2019 | 05:48am EST

Update on 2019 AGM resolution votes

Released : 31/10/19 10:34:00

RNS Number : 8010R

Intu Properties PLC

31 October 2019

LEI: 213800JSNTERD5CJZO95

intu properties plc ("intu or "the Company")

Update on 2019 Annual General Meeting resolution votes

At the Annual General Meeting of the Company held on 3 May 2019, all resolutions proposed at the meeting were passed. The Company's Result of AGM announcement is available on the Company's website.

Although Resolution 13, an ordinary resolution to authorise the Directors to allot the unissued share capital, was passed with a majority of 66.37%, some South African institutional shareholders voted against this resolution. This resulted in the Company's inclusion in The Investment Association's public register of shareholder dissent. intu is therefore providing an update in line with the UK Corporate Governance Code and Investment Association Guidelines.

The votes against Resolution 13 reflect prevailing institutional voting guidelines in South Africa, which differ from those generally applied in the UK regarding the subject of this resolution. intu has regular contact with its South African institutional shareholders and while they do not support this resolution, they do acknowledge that intu will continue to operate in accordance with UK market practice.

This will be explained in intu's 2019 Annual Report & Accounts and in the explanatory notes to resolutions to be proposed at its 2020 AGM.

ENQUIRIES

Susan Marsden

Group Company Secretary

+44(0) 207 960 1200

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.comor

visit www.rns.com.

END

FURLLFVIILLLVIA

Disclaimer

Intu Properties plc published this content on 31 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2019 10:46:06 UTC

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EBIT 2019 358 M
Net income 2019 -1 537 M
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Mean consensus SELL
Number of Analysts 16
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Edward Matthew Giles Roberts Chief Executive Officer & Director
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