Games Workshop Group PLC
(the "Company")
2024 AGM voting results
For immediate release 18 September 2024
At the AGM held today at 10am, all of the resolutions, as set out in the notice of meeting, were duly passed by the shareholders. Details of the proxy votes received in respect of each resolution are detailed below and will be posted on the Company's investor relations website at investor.games-workshop.com.
Following the announcement in May 2024, Games Workshop is pleased to announce that Elizabeth Harrison has been appointed as Group Finance Director with immediate effect as a result of the passing of Resolution 7. We also confirm that Rachel Tongue has stepped down from her role as CFO (and as a director of the Company) with immediate effect, as previously announced in January 2024.
| | |
Votes for |
% |
Votes against |
% |
Votes total | % of ISC voted (exc votes withheld) |
Votes withheld* |
| Ordinary business | | | | | | | | |
| Resolution 1 | To receive the 2024 annual report | 23,726,992 | 99.99 | 2,972 | 0.01 | 23,729,964 | 72.01 | 390,503 |
| Resolution 2 | To re-elect Kevin Rountree as a director | 23,903,121 | 99.11 | 215,759 | 0.89 | 24,118,880 | 73.19 | 1,587 |
| Resolution 3 | To re-elect John Brewis as a director | 21,586,036 | 91.31 | 2,053,057 | 8.69 | 23,639,093 | 71.74 | 481,374 |
| Resolution 4
| To re-elect Kate Marsh as a director | 22,831,992 | 95.49 | 1,078,150 | 4.51 | 23,910,142 | 72.56 | 210,325 |
| Resolution 5 | To re-elect Randal Casson as a director | 23,575,247 | 97.75 | 543,250 | 2.25 | 24,118,497 | 73.19 | 1,970 |
| Resolution 6 | To re-elect Mark Lam as a director | 23,703,940 | 98.28 | 414,654 | 1.72 | 24,118,594 | 73.19 | 1,873 |
| Resolution 7
| To elect Elizabeth Harrison as a director | 24,093,041 | 99.89 | 25,530 | 0.11 | 24,118,571 | 73.19 | 1,896 |
| Resolution 8 | To re-appoint KPMG LLP as auditors | 23,783,946 | 98.61 | 334,725 | 1.39 | 24,118,671 | 73.19 | 1,796 |
| Resolution 9 | To authorise the directors to fix the auditors remuneration | 24,116,054 | 99.99 | 2,476 | 0.01 | 24,118,530 | 73.19 | 1,937 |
| Resolution 10 | To approve the remuneration report (excluding the directors' remuneration policy) | 19,069,324 | 79.08 | 5,043,879 | 20.92 | 24,113,203 | 73.18 | 7,264 |
| Resolution 11 | To approve the remuneration policy | 17,661,166 | 73.24 | 6,451,868 | 26.76 | 24,113,034 | 73.18 | 7,433 |
| Special business | | | | | | | | |
| Resolution 12 | To authorise the directors to allot relevant securities | 22,614,273 | 93.76 | 1,503,939 | 6.24 | 24,118,212 | 73.19 | 2,255 |
| Resolution 13
| To disapply pre-emption rights | 24,002,218 | 99.52 | 115,926 | 0.48 | 24,118,144 | 73.19 | 2,323 |
| Resolution 14 | To authorise the directors to make market purchases of the Company's own shares | 23,761,090 | 98.61 | 335,497 | 1.39 | 24,096,587 | 73.13 | 23,880 |
i)* A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes for and against resolutions.
ii) Any votes that give discretion to the Chair have been included in the "For" total.
iii) At close of business on 17 September 2024 there were 32,951,971 shares in issue.
The Board notes that more than 20% of the votes cast on resolutions 10 and 11 (the former of which is an advisory vote) were against those resolutions. It takes the outcome of shareholder votes very seriously and will engage with shareholders to understand their views. In accordance with the UK Corporate Governance Code, the Company will publish the outcome of this engagement in the next six months.
In accordance with Listing Rule 9.6.2, copies of the resolutions passed as special business of the meeting will be uploaded to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM.
For further information, please contact:
| Games Workshop Group PLC |
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| Kevin Rountree, CEO | | |
| Liz Harrison, Group Finance Director | | |
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| Investor relations website | http://investor.games-workshop.com | |
| General website | www.games-workshop.com | |
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The 2024 annual report and all other recent announcements may be viewed at the investor relations website at the address above.
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