Result of AGM
Marshalls plc held its Annual General Meeting on May 13, 2026, where all 19 resolutions were passed with significant shareholder support, indicating strong confidence in the company's management and operations. Key resolutions, including the approval of the annual report (99.99% for), re-appointment of auditors (99.12% for), and the final dividend (99.91% for), received overwhelming approval. Director re-elections also saw high percentages, with Vanda Murray receiving 97.24% of votes for. The company also secured approval for its remuneration policy (96.17% for) and long-term incentive plan (97.28% for), alongside authorities for share allotment and purchase. A total of 173,015,517 shares, representing 68.39% of the issued share capital, were represented by proxy votes.
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Marshalls plc (the "Company") announces the results of voting on the resolutions at its Annual General Meeting ("AGM") held on Wednesday 13 May 2026 at the offices of Walker Morris LLP, 33 Wellington Street, Leeds, West Yorkshire, LS1 4DL. The full text of the resolutions, along with the explanatory notes, is set out in the Notice of Annual General Meeting dated 2 April 2026 (the "Notice").
| Resolution | Votes for | % of votes cast | Votes against | % of votes cast | Votes withheld (see note 2) | % of the share capital voted | |
|---|---|---|---|---|---|---|---|
| 1. | Approve Annual Report | 172,926,841 | 99.99% | 17,829 | 0.01% | 82,057 | 68.37% |
| 2. | Re-appoint auditor | 171,485,507 | 99.12% | 1,520,413 | 0.88% | 20,807 | 68.39% |
| 3. | Remuneration of auditor | 172,946,604 | 99.97% | 45,551 | 0.03% | 34,572 | 68.38% |
| 4. | Approve final dividend | 172,861,882 | 99.91% | 153,635 | 0.09% | 11,210 | 68.39% |
| 5. | Re-elect Vanda Murray | 168,236,003 | 97.24% | 4,767,057 | 2.76% | 23,667 | 68.39% |
| 6. | Re-elect Simon Bourne | 172,185,543 | 99.55% | 776,177 | 0.45% | 65,007 | 68.37% |
| 7. | Re-elect Diana Houghton | 171,885,069 | 99.38% | 1,072,968 | 0.62% | 68,690 | 68.37% |
| 8. | Re-elect Angela Bromfield | 169,908,575 | 98.24% | 3,046,823 | 1.76% | 71,329 | 68.37% |
| 9. | Re-elect Avis Darzins | 171,175,994 | 98.96% | 1,806,547 | 1.04% | 44,186 | 68.38% |
| 10. | Re-elect Justin Lockwood | 172,177,071 | 99.55% | 780,681 | 0.45% | 68,975 | 68.37% |
| 11. | Elect Paul Inman | 172,169,912 | 99.56% | 765,996 | 0.44% | 90,819 | 68.36% |
| 12. | Approve Remuneration Policy | 166,317,517 | 96.17% | 6,628,872 | 3.83% | 80,338 | 68.37% |
| 13. | Approve Remuneration Report | 169,769,609 | 98.17% | 3,169,245 | 1.83% | 87,873 | 68.36% |
| 14. | Authority to allot shares | 170,654,395 | 98.68% | 2,284,652 | 1.32% | 87,676 | 68.36% |
| 15. | Approve Long Term Incentive Plan | 168,203,983 | 97.28% | 4,698,623 | 2.72% | 124,121 | 68.35% |
| 16. | Authority to disapply pre-emption rights | 158,361,923 | 91.57% | 14,581,532 | 8.43% | 83,272 | 68.37% |
| 17. | Additional authority to disapply pre-emption rights | 145,927,462 | 84.38% | 27,014,664 | 15.62% | 84,601 | 68.37% |
| 18. | Authority to purchase own shares | 171,800,551 | 99.33% | 1,165,186 | 0.67% | 60,990 | 68.37% |
| 19. | Authority to call general meetings on 14 clear days' notice | 170,329,743 | 98.46% | 2,672,089 | 1.54% | 24,895 | 68.39% |
| Notes: | |||||||
| 1. | Any proxy appointments, which gave discretion to the Chair, have been included in the "Votes for" total. | ||||||
| 2. | "Votes withheld" are not votes in law and do not count in the number of votes counted for or against a resolution. | ||||||
| 3. | Valid proxy appointments were made in respect of 173,015,517 shares representing 68.39 % of the issued share capital | ||||||
| 4. | In accordance with UKLR 6.4.1R and 6.4.2R, the full text of the special business resolutions passed will be submitted to the UK Listing Authority via the National Storage Mechanism and will shortly be available at https://data.fca.org.uk/#/nsm/nationalstoragemechanism . | ||||||
| 5. | A copy of this announcement will shortly be available in the Investor Relations section of the Company's website at www.marshalls.co.uk/investor | ||||||
| 6. | As at 11 May 2026, Marshalls had 252,968,728 ordinary shares of 25 pence each in issue with voting rights. No shares are held in treasury. | ||||||
| 7. | Resolutions 1 to 15 (inclusive) were passed as ordinary resolutions and resolutions 16 to 19 (inclusive) were passed as special resolutions. | ||||||
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