Business
Results of AGM
Results of AGM.
About this update from J Sainsbury Plc
[{"type":"text","content":"\n \n \n \n J Sainsbury plc\n \n \n \n (the Company)\n \n \n \n \n \n \n \n \n Results of AGM\n \n \n \n Following the Annual General Meeting held today, J Sainsbury plc announces the results of the poll vote for each resolution.\n The Board was pleased to see all resolutions approved by shareholders except Resolution 21. Resolution 21 was a Special Resolution submitted by a small group of shareholders, co-ordinated by ShareAction, directing the Company to become a Living Wage accredited employer.\n \n \n The Board firmly believes the Company must preserve the right to make independent business decisions which are not determined by an external organisation and therefore did not support resolution 21.\n \n \n Resolution 21 required 75 per cent\n of votes in favour to pass. It received 16.7 per cent of votes and was therefore overwhelmingly rejected by shareholders.\n \n \n \n Commenting on the ShareAction resolution, Martin Scicluna, Chairman of Sainsbury's said:\n \n \n \n \"We are proud to have led the way on colleague pay in our industry for the past five years and to pay our colleagues the living wage regardless of where they work in the country.\"\n \n \n \"We would like to thank our shareholders for their overwhelming votes of support and confidence in how Simon and his team are running the business. We believe very strongly in paying people well for the excellent job they do for our customers every single day. We also believe that we need to make all business investment decisions independently and that these decisions should not be outsourced to a third party.\"\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Votes For\n \n \n \n \n \n \n % of Votes Cast\n \n \n \n \n \n \n Votes Against\n \n \n \n \n \n \n % of Votes Cast\n \n \n \n \n \n \n Votes cast\n \n \n \n \n \n \n Votes cast as a % of ISC\n \n \n \n \n \n \n Votes Withheld1\n \n \n \n \n \n \n \n \n 1\n \n \n \n \n \n To receive and adopt the Company's audited Annual Report and Financial Statements for the 52 weeks to 5 March 2022, together with the Reports of the Directors and auditor\n \n \n \n \n 1,808,534,797\n \n \n \n \n 99.99\n \n \n \n \n 113,567\n \n \n \n \n 0.01\n \n \n \n \n 1,808,648,364\n \n \n \n \n 77.17%\n \n \n \n \n 3,767,093\n \n \n \n \n \n \n \n 2\n \n \n \n \n \n To approve the Annual Report on Rem...