Result of AGM
LSL Property Services PLC announced that all resolutions at its Annual General Meeting on May 15, 2026, were passed, except for resolution 20 regarding short notice general meetings, which was withdrawn. Key resolutions approved include the 2025 Annual Report and Accounts with 99.99% of votes for, the Directors' Remuneration Report with 85.30% for, and a final dividend of 7.4 pence per ordinary share with 99.99% for. The re-election of directors saw varying support, with Gaby Appleton receiving 79.17% and James Mack 98.59% of votes for. The company will engage with shareholders regarding the votes against certain resolutions.
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The Company announces that all resolutions proposed at the Annual General Meeting (AGM) held on 15 May 2026 were duly passed other than resolution 20, which sought authority to hold general meetings at short notice, which was withdrawn from the meeting following consideration of the proxy votes received ahead of the meeting.
The results of the AGM are set out below.
| Resolution *indicates Special Resolution | Votes For (No. of shares) | For (%) | Votes Against (No. of shares) | Against (%) | Votes Withheld 1 (No. of shares) |
|---|---|---|---|---|---|
| 1. To receive the Company's audited Annual Report and Accounts for the year ended 31 December 2025, together with the Reports of the Directors and auditor | 89,592,625 | 99.99% | 119 | 0.01% | 33,680 |
| 2. To approve the Directors' Remuneration Report (other than the part containing the Directors' Remuneration Policy) of the Company's audited Annual Report and Accounts for the year ended 31 December 2025 | 74,364,131 | 85.30% | 12,817,948 | 14.70% | 2,444,345 |
| 3. To declare a final dividend of 7.4 pence per ordinary share for the year ended 31 December 2025 | 89,625,696 | 99.99% | 145 | 0.01% | 583 |
| 4. To re-elect Gaby Appleton as a Director | 69,023,277 | 79.17% | 18,158,802 | 20.83% | 2,444,345 |
| 5. To re-elect Adam Castleton as a Director | 87,167,439 | 99.98% | 14,640 | 0.02% | 2,444,345 |
| 6. To re-elect Adrian Collins as a Director | 70,266,250 | 81.23% | 16,235,195 | 18.77% | 3,124,979 |
| 7. To re-elect Darrell Evans as a Director | 72,919,744 | 83.64% | 14,262,335 | 16.36% | 2,444,345 |
| 8. To re-elect Sonya Ghobrial as a Director | 74,849,528 | 85.85% | 12,332,551 | 14.15% | 2,444,345 |
| 9. To re-elect James Mack as a Director | 85,956,515 | 98.59% | 1,225,340 | 1.41% | 2,444,569 |
| 10. To re-elect Michael Stoop as a Director | 87,167,578 | 99.98% | 14,501 | 0.02% | 2,444,345 |
| 11. To elect David Tilak as a Director | 89,607,041 | 99.98% | 18,796 | 0.02% | 587 |
| 12. To re-appoint Grant Thornton UK LLP as auditor of the Company | 89,624,265 | 99.99% | 1,322 | 0.01% | 837 |
| 13. To authorise the Audit & Risk Committee acting on behalf of the Directors to determine the remuneration of the auditor | 89,625,492 | 99.99% | 319 | 0.01% | 613 |
| 14. To approve the ability to make remuneration payments to Non-Executive Directors in shares | 89,606,349 | 99.98% | 19,076 | 0.02% | 999 |
| 15. To authorise the Directors to allot shares | 86,417,263 | 96.42% | 3,208,437 | 3.58% | 724 |
| 16. To authorise the disapplication of pre-emption rights* | 69,048,413 | 77.04% | 20,576,398 | 22.96% | 1,613 |
| 17. To authorise further disapplication of pre-emption rights* | 69,048,413 | 77.04% | 20,576,398 | 22.96% | 1,613 |
| 18. To authorise the Company to purchase its own ordinary shares* | 89,623,377 | 99.99% | 2,434 | 0.01% | 613 |
| 19. To authorise the making of political donations | 81,688,491 | 91.14% | 7,937,350 | 8.86% | 583 |
Copies of the special resolutions passed at the AGM will shortly be available via the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
The Board has noted the level of votes cast against some of the resolutions. The views of all of our shareholders are important to us and we will now enter into a period of engagement and consultation to understand specific concerns. In accordance with the UK Corporate Governance Code, we will publish an update in due course and within the requisite six months.
NOTES:
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.