Travis Perkins (TPK)
Travis Perkins: Results of General Meeting
27-Apr-2021 / 15:27 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
At the General Meeting of Travis Perkins plc ("The Company") held at Ryehill House, Rye Hill Close, Lodge Farm Industrial Estate, Northampton NN5 7UA on Tuesday, 27 April 2021 at which24shareholders or their representatives were present. All resolutions were passed
The result of the proxy vote on each resolution is given below:-
Resolution
Shares
For(1)
%
for
Shares Against
% against
Votes Withheld(2)
To approve the Demerger and the Demerger dividend.
(2)A vote withheld is not, in law, a vote and is not counted in the votes for or against a resolution
More than 20% of the voteson Resolution 3at today's General Meeting were not cast in favour.Resolution 3 relatedto the approval of proposed share schemes for Wickes Group plc ("Wickes") under which transitional awards ("Transitional Awards") are to be made to the Executive Directors of Wickes. The Board of Wickes understands that concernsover the Resolution were in large part related to the Transitional Awards and may have been influenced by the 'against' recommendation initiallypublished by ISS which was subsequently revised to a 'qualified for' recommendationfollowing consultation with Wickes.
The Wickes Board is mindful of all of the requirements of Provision 4 of theUK Corporate GovernanceCode 2018 and is committed to open and constructive dialogue with shareholders.Wickesintends to consult with shareholders in the coming months,well in advance ofputting its Directors'Remuneration Policyto a binding votein 2022 at its first AGM following demerger from the Travis Perkins Group.
