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Result of AGM

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RNS Number : 0744R
Renishaw PLC
24 October 2019
 

Renishaw plc

 

Results of AGM 2019

 

All resolutions proposed at the Annual General Meeting held on 24 October 2019 were duly passed on a poll. Resolutions 1 to 13 were passed as ordinary resolutions and resolution 14 was passed as a special resolution. The result of the poll is as follows:

 

Resolution

Votes For

%

Votes Against

%

Votes Total

% of ISC1 Voted

Votes Withheld2

1.     Receive the reports of directors and financial statements

62,526,559

98.24

1,122,690

1.76

63,649,249

87.44%

533,198

2.     Approve the remuneration report

61,245,398

95.75

2,721,177

4.25

63,966,575

87.88%

215,872

3.     Declare the final dividend

64,069,169

99.82

112,500

0.18

64,181,669

88.18%

779

4.     Re-elect David McMurtry as a director

49,350,727

77.60

14,243,701

22.40

63,594,428

87.37%

588,020

5.     Re-elect John Deer as a director

49,123,310

77.25

14,466,739

22.75

63,590,049

87.36%

592,399

6.     Re-elect Will Lee as a director

63,911,292

99.66

216,928

0.34

64,128,220

88.10%

54,228

7.     Re-elect Allen Roberts as a director

63,849,300

99.57

277,096

0.43

64,126,396

88.10%

56,052

8.     Re-elect Carol Chesney as a director

62,836,766

97.99

1,287,733

2.01

64,124,499

88.10%

57,949

9.     Re-elect Catherine Glickman as a director

61,942,845

96.60

2,180,403

3.40

64,123,248

88.10%

59,199

10.   Re-elect David Grant as a director

62,800,331

97.93

1,324,645

2.07

64,124,976

88.10%

57,472

11.   Re-elect John Jeans as a director

62,805,336

97.94

1,319,075

2.06

64,124,411

88.10%

58,037

12.   Re-appoint Ernst & Young LLP as auditors

64,168,371

99.98

11,260

0.02

64,179,631

88.17%

2,817

13.   Authorise the audit committee to determine the auditors' remuneration

64,172,040

99.99

7,309

0.01

64,179,349

88.17%

3,099

14.   Authorise the Company to purchase its own shares3

63,084,777

98.29

1,094,905

1.71

64,179,682

88.17%

2,765

1 Issued Share Capital

2 A vote withheld is not a vote in law and is not counted towards votes cast "For" or "Against" a resolution.

3 Special resolution requiring 75% majority

 

Votes of independent shareholders on the resolutions concerning the election or re-election of the independent Non-executive Directors

8.     Re-elect Carol Chesney as a director

24,227,257

94.95

1,287,733

5.05

25,514,990

74.65%

57,949

9.     Re-elect Catherine Glickman as a director

23,333,336

91.45

2,180,403

8.55

25,513,739

74.65%

59,199

10.   Re-elect David Grant as a director

24,190,822

94.81

1,324,645

5.19

25,515,467

74.65%

57,472

11.   Re-elect John Jeans as a director

24,195,827

94.83

1,319,075

5.17

25,514,902

74.65%

58,037

 

In accordance with Listing Rule 9.2.2E, resolutions 8 to 11 inclusive were approved by: (a) the shareholders of the Company; and (b) the independent shareholders of the Company.

 

The total voting rights of the Company on the day on which shareholders had to be on the register in order to be eligible to vote was 72,788,543.

 

In accordance with Listing Rule 9.6.2R, a copy of resolution 14, which was passed as a special resolution, has been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.morningstar.co.uk/uk/NSM.

 

The Board is again pleased that the majority of resolutions have been passed with a high level of support from shareholders. The Board has considered the votes against resolutions 4, the re-election of Sir David McMurtry (22.40%) and 5, the re-election of John Deer (22.75%), at the 2019 AGM. In order to better understand the reasons for these votes against, the Board has considered the views of shareholders and proxy advisory firms as to voting and voting recommendations respectively (where these had been made available to the Company for the 2019 AGM) and received feedback from the General Counsel & Company Secretary, following engagement with a number of shareholders on the rationale for their voting. The Board will continue to engage with shareholders to understand their views on this and any other significant matter at AGMs and the annual Investor Days, which include Q&A sessions with the Board. There are also Q&A sessions with the Executive Chairman, Chief Executive and Group Finance Director as part of the full and half-year results webcasts. The Board regularly reviews the Company's investor relations policy.

 

 

Renishaw plc

24 October 2019

 

Registered office:

New Mills, Wotton-under-Edge, Gloucestershire, GL12 8JR

Registered number:

01106260

LEI:

21380048ADXM6Z67CT18

Contact name:

Mark Noble

Contact telephone:

01453 524648

www.renishaw.com


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
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Quick facts: Renishaw plc

Price: 3984

Market: LSE
Market Cap: £2.9 billion
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