Result of AGM
Chesnara plc announced that all resolutions were passed at its Annual General Meeting on May 12, 2026, with strong shareholder support. Key resolutions included the adoption of the audited accounts for the year ended December 31, 2025, with 99.99% of votes in favour, and the approval of the Directors' Remuneration Report with 99.82% in favour. The final dividend of 14.80 pence per ordinary share also received overwhelming approval at 99.99%. Directors were re-appointed with high percentages of favourable votes, and the re-appointment of Deloitte LLP as auditor was approved by 99.58% of votes. Special resolutions concerning the disapplication of pre-emption rights for general corporate purposes and acquisitions passed with 90.24% and 88.95% respectively, while the authority to purchase own shares was approved by 99.94%.
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Chesnara plc (CSN.L) announces that the resolutions put to its Annual General Meeting ("AGM") held on 12th May 2026 were duly passed.
The results of the AGM, including the total number of votes received for each resolution, were as follows:
| No. | Resolution | Votes 'for' | % | Votes 'against' | % | Total votes validly cast | Votes 'withheld' |
|---|---|---|---|---|---|---|---|
| 1 | To receive and adopt the audited accounts for the year ended 31 December 2025 | 122,260,763 | 99.99% | 12,867 | 0.01% | 122,273,630 | 139,370 |
| 2 | To approve the Directors' Remuneration Report for the year ended 31 December 2025 | 122,098,252 | 99.82% | 217,763 | 0.18% | 122,316,015 | 96,985 |
| 3 | To approve the Directors' Remuneration Policy | 107,012,349 | 96.54% | 3,829,594 | 3.46% | 110,841,943 | 11,571,057 |
| 4 | To declare a final dividend of 14.80 pence per ordinary share for the year ended 31 December 2025 | 122,397,963 | 99.99% | 7,749 | 0.01% | 122,405,712 | 7,288 |
| 5 | To re-appoint Steve Murray as a director | 122,259,261 | 99.96% | 47,910 | 0.04% | 122,307,171 | 105,829 |
| 6 | To re-appoint Carol Hagh as a director | 121,066,065 | 98.98% | 1,251,970 | 1.02% | 122,318,035 | 94,965 |
| 7 | To re-appoint Gail Tucker as a director | 121,010,131 | 98.94% | 1,291,354 | 1.06% | 122,301,485 | 111,515 |
| 8 | To re-appoint Luke Savage as a director | 120,905,873 | 98.85% | 1,410,272 | 1.15% | 122,316,145 | 96,855 |
| 9 | To re-appoint Eamonn Flanagan as a director | 122,139,028 | 99.86% | 177,117 | 0.14% | 122,316,145 | 96,855 |
| 10 | To re-appoint Tom Howard as a director | 122,246,792 | 99.94% | 69,353 | 0.06% | 122,316,145 | 96,855 |
| 11 | To appoint Sam Tymms as a director | 122,185,248 | 99.92% | 102,883 | 0.08% | 122,288,131 | 124,869 |
| 12 | To re-appoint Deloitte LLP as auditor | 121,859,348 | 99.58% | 513,074 | 0.42% | 122,372,422 | 40,578 |
| 13 | To authorise the directors to determine the auditor's remuneration | 122,067,088 | 99.75% | 310,793 | 0.25% | 122,377,881 | 35,119 |
| 14 | To provide limited authority to make political donations and to incur limited political expenditure | 121,281,460 | 99.12% | 1,080,771 | 0.88% | 122,362,231 | 50,769 |
| 15 | To authorise the directors to allot shares up to a specified amount | 121,399,225 | 99.20% | 982,392 | 0.80% | 122,381,617 | 31,383 |
| 16 | Special resolution - To authorise the directors to disapply pre-emption rights (general corporate purposes) | 110,413,593 | 90.24% | 11,938,347 | 9.76% | 122,351,940 | 61,060 |
| 17 | Special resolution - To authorise the directors to disapply pre-emption rights (acquisition or other capital investment) | 108,833,019 | 88.95% | 13,518,921 | 11.05% | 122,351,940 | 61,060 |
| 18 | Special resolution - To give the Company limited authority to purchase its own shares | 122,296,183 | 99.94% | 71,850 | 0.06% | 122,368,033 | 44,967 |
| 19 | To authorise the directors to allot ordinary shares in relation to an issue of Restricted Tier 1 Instrument up to a specified amount | 122,212,144 | 99.89% | 129,172 | 0.11% | 122,341,316 | 71,684 |
| 20 | Special resolution - To authorise the directors to disapply pre-emption rights in relation to the issue of Restricted Tier 1 Instruments | 121,934,025 | 99.66% | 409,980 | 0.34% | 122,344,005 | 68,995 |
| 21 | Special resolution - To authorise the Company to call general meetings on not less than 14 clear days' notice | 120,891,681 | 98.78% | 1,492,919 | 1.22% | 122,384,600 | 28,400 |
The Board is pleased that all resolutions passed with a significant majority.
Other Matters
The Company's issued share capital on 12th May 2026 consisted of 230,974,321 ordinary shares of 5p each with no shares held in Treasury. Each share carries one voting right and therefore the number of voting rights is 230,974,321.
Votes withheld are not a vote in law and have not been counted in the calculation of the votes for and against each resolution or the total votes validly cast.
The full text of the resolutions can be found in the Notice of the Annual General Meeting available on the Company's website, www.chesnara.co.uk. In accordance with Listing Rule 9.6.3, full details of the resolutions passed as special business will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
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