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LONDON - Travis Perkins (LON:TPK) plc, the UK-based building materials supplier, announced the successful passage of all proposed resolutions at its Annual General Meeting (AGM) held on Wednesday. The meeting, which took place at the Crowne Plaza Hotel in London, saw the approval of both ordinary and special resolutions, including the adoption of the company’s annual accounts and the election of directors.
The resolutions included the receipt of the company’s annual accounts for the financial year ended December 31, 2024, which nearly all shareholders backed, with 99.99% voting in favor. Additionally, the directors’ remuneration report and an amendment to the remuneration policy were approved, with 99.80% and 95.67% of the votes, respectively.
A final dividend of 9.0 pence per ordinary share was declared for the financial year ended December 31, 2024, receiving unanimous support from the voting shareholders.
The election and re-election of board members were also on the agenda, with all nominees receiving a majority of the shareholder votes. Among the directors, Geoff Drabble was elected, and Duncan Cooper, Marianne Culver, Heath Drewett, Jora Gill, Louise Hardy, and Jez Maiden were re-elected to their positions.
Deloitte LLP was appointed as the company’s auditor, with the Audit Committee authorized to fix their remuneration, both resolutions passing with overwhelming support.
In terms of share allocation, the directors were authorized to allot shares in the company or grant rights to subscribe for shares, with 87.79% in favor. Special resolutions, which require a higher threshold for approval, were also passed. These included authorizing the directors to allot securities free from pre-emption rights, authorizing the company to make market purchases of its own ordinary shares, and allowing the calling of a general meeting with not less than 14 clear days’ notice.
Additionally, the rules of the Travis Perkins Performance Share Plan and the authorization for the directors to adopt further schemes based on this plan were approved.
The total number of ordinary shares available for voting as of May 12, 2025, was 212,509,334, with each shareholder entitled to one vote per share. The results of the polls, which will also be made available on the company’s website, reflect the shareholders’ support for the current management and strategic direction of Travis Perkins.
This news is based on a press release statement from Travis Perkins plc.
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