Relations with Shareholders

The Company places considerable importance and puts significant effort into communications with shareholders. The Group Chief Executive meets regularly with institutional shareholders and brokers catering for private shareholders, where an ongoing programme of dialogue and meetings deals with a wide range of relevant matters including strategy, performance, management and governance are discussed.

Description of the operation of the Shareholders’ Meeting

The Board of Directors use the Annual General Meeting (‘AGM’) to communicate with Shareholders and to provide the Shareholders with a mechanism for participation. Directors of the Company, including the Chairman and CEO, attend the AGM and address questions raised by the Shareholders.

The powers and rights of the Shareholders at the AGM include:

  • Approval of the annual accounts;
  • Approval of the annual dividend recommended by the Directors;
  • Authorisation of the Directors to agree the remuneration of the auditors;
  • Reappointment of Directors retiring by rotation;
  • Approval of resolutions tabled by the Directors.