The British Land Company PLC
9 July 2024
RESULTS OF ANNUAL GENERAL MEETING
The British Land Company PLC (the 'Company') held its Annual General Meeting ('AGM') at 100 Liverpool Street, London EC2M 2RH earlier today. All resolutions were voted on by way of a poll and were passed by shareholders. The results of the poll are set out below.
| Resolutions | Votes FOR1 | Votes AGAINST | Total Votes Cast | Votes Withheld2 | ||||
| No. of Shares | % of Shares voted | No. of Shares | % of Shares voted | No. of Shares | % of Issued Capital | |||
| 1 | To receive the Annual Report and audited financial statements of the Company for the year ended 31 March 2024 | 704,458,374 | 99.96 | 263,402 | 0.04 | 704,721,776 | 75.95% | 872,967 |
| 2 | To approve the Directors' Remuneration Report for the year ended 31 March 2024 | 654,074,361 | 92.75 | 51,112,558 | 7.25 | 705,186,919 | 76.00% | 407,824 |
| 3 | To declare a final dividend of 10.64p per ordinary share for the year ended 31 March 2024 | 703,993,456 | 99.78 | 1,587,256 | 0.22 | 705,580,712 | 76.04% | 14,031 |
| 4 | To re-appoint Mark Aedy as a Director | 705,423,781 | 99.99 | 42,875 | 0.01 | 705,466,656 | 76.03% | 119,842 |
| 5 | To re-appoint Simon Carter as a Director | 705,424,015 | 99.99 | 51,832 | 0.01 | 705,475,847 | 76.03% | 118,246 |
| 6 | To re-appoint Lynn Gladden as a Director | 697,966,426 | 98.93 | 7,527,616 | 1.07 | 705,494,042 | 76.03% | 98,011 |
| 7 | To re-appoint Irvinder Goodhew as a Director | 690,911,352 | 97.93 | 14,576,680 | 2.07 | 705,488,032 | 76.03% | 104,020 |
| 8 | To re-appoint Alastair Hughes as a Director | 683,207,104 | 96.84 | 22,263,164 | 3.16 | 705,470,268 | 76.03% | 121,784 |
| 9 | To appoint Amanda James as a Director | 696,260,470 | 98.69 | 9,214,757 | 1.31 | 705,475,227 | 76.03% | 116,826 |
| 10 | To appoint Amanda Mackenzie as a Director | 705,368,795 | 99.98 | 109,584 | 0.02 | 705,478,379 | 76.03% | 113,674 |
| 11 | To re-appoint Bhavesh Mistry as a Director | 704,559,076 | 99.86 | 957,955 | 0.14 | 705,517,031 | 76.04% | 75,022 |
| 12 | To re-appoint Preben Prebensen as a Director | 675,766,329 | 96.88 | 21,775,738 | 3.12 | 697,542,067 | 75.18% | 8,049,985 |
| 13 | To appoint Mary Ricks as a Director | 705,401,983 | 99.99 | 103,125 | 0.01 | 705,505,108 | 76.04% | 86,945 |
| 14 | To appoint William Rucker as a Director | 701,236,122 | 99.41 | 4,144,351 | 0.59 | 705,380,473 | 76.02% | 205,680 |
| 15 | To re-appoint Loraine Woodhouse as a Director | 705,384,523 | 99.99 | 104,026 | 0.01 | 705,488,549 | 76.03% | 103,504 |
| 16 | To re-appoint PricewaterhouseCoopers LLP as auditor of the Company | 702,340,334 | 99.54 | 3,212,730 | 0.46 | 705,553,064 | 76.04% | 41,679 |
| 17 | To authorise the Audit Committee to agree the auditor's remuneration | 704,291,584 | 99.82 | 1,259,413 | 0.18 | 705,550,997 | 76.04% | 43,746 |
| 18 | To authorise the Company to make political donations and political expenditure of not more than £20,000 in total | 701,020,289 | 99.36 | 4,526,373 | 0.64 | 705,546,662 | 76.04% | 48,081 |
| 19 | To authorise the Directors to allot shares, up to a limited amount | 605,842,387 | 86.10 | 97,800,283 | 13.90 | 703,642,670 | 75.83% | 1,952,073 |
| 20 | To approve the amendments to the Savings-Related Share Option Scheme | 703,628,269 | 99.73 | 1,881,536 | 0.27 | 705,509,805 | 76.04% | 84,288 |
| 21 | To empower the Directors to allot shares for cash, without making a pre-emptive offer to shareholders, up to the specified amount 3 | 684,813,176 | 97.07 | 20,666,046 | 2.93 | 705,479,222 | 76.03% | 114,871 |
| 22 | To empower the Directors to allot additional shares for cash, without making a pre-emptive offer to shareholders, up to the specified amount for use in connection with an acquisition or capital investment3 | 628,213,516 | 89.50 | 73,693,518 | 10.50 | 701,907,034 | 75.65% | 3,687,059 |
| 23 | To authorise the Company to purchase its own shares, up to the specified limit3 | 703,119,294 | 99.72 | 1,967,139 | 0.28 | 705,086,433 | 75.99% | 507,660 |
| 24 | To authorise the calling of general meetings (other than an annual general meeting) on not less than 14 clear days' notice3 | 625,423,976 | 88.88 | 78,215,669 | 11.12 | 703,639,645 | 75.83% | 1,954,448 |
1 Includes discretionary votes.
2 A vote withheld is not a vote in law and is not counted towards the votes cast 'For' or 'Against' a resolution.
3 Special Resolution (75% majority required).
The total voting rights of the Company as at 6.30pm on 5 July 2024 (the time by which shareholders wanting to attend, speak and vote at the AGM were required to be entered on the register) was 927,865,321 ordinary shares of 25 pence each (excluding treasury shares).
In accordance with Listing Rule 9.6.2 copies of the resolutions passed at the AGM, other than resolutions constituting ordinary business, will shortly be available for inspection at the National Storage Mechanism https://data.fca.org.uk/#/nsm/nationalstoragemechanism. A copy of the poll results for the AGM will also shortly be available on the British Land website (www.britishland.com/investors).
Following the recent appointments to the Board we have taken this opportunity to review the composition of the Remuneration, Audit and Nomination Committees. As at today's date, Loraine Woodhouse and Amanda Mackenzie have been appointed as members of the Nomination Committee, Loraine has been appointed as a member of the Remuneration Committee, and Mary Ricks has been appointed as a member of the Audit Committee.
Enquiries:
Company Secretariat
British Land
York House, 45 Seymour Street, London W1H 7LX
020 7486 4466
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