REG - Avon Rubber PLC - AGM Result and Director Retirement - Replacement <Origin Href="QuoteRef">AVON.L</Origin>

Avon TechnologiesAnnouncement

27/01/2016 10:20

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RNS Number : 1456N
Avon Rubber PLC
27 January 2016 
 
27 January 2016 
 
Avon Rubber p.l.c. 
 
(the 'Company') 
 
Result of AGM and Retirement of Director 
 
Result of AGM 
 
Avon Rubber p.l.c. is pleased to announce that, at its Annual General Meeting
held on the 26 January 2016, all the resolutions proposed in the Notice of
Meeting were passed on a show of hands. 
 
Full details of the proxy votes received from shareholders prior to the
meeting for each resolution are set out below and will also be made available
on the Company's website: www.avon-rubber.com 
 
     RESOLUTIONS                                                                  FOR         %      AGAINST    %      WITHHELD   
 1   To receive the Report and Accounts                                           21,120,405  99.9   58         0.01   10,447     
 2   To approve the Remuneration Policy                                           15,042,235  77.15  4,454,154  22.85  1,634,519  
 3   To approve the Directors' Remuneration Report                                19,569,894  98.32  334,138    1.68   1,226,876  
 4   To declare a final dividend                                                  21,130,910  100    0          0      0          
 5   To re-appoint David Evans as a Director                                      21,075,330  99.75  52,205     0.25   3,375      
 6   To re-appoint Petrus Vervaat as a Director                                   20,976,115  99.27  154,795    0.73   0          
 7   To re-appoint PricewaterhouseCoopers LLP as auditors of the Company          20,630,301  97.78  467,608    2.22   33,000     
 8   To authorise the Directors to determine the auditors' remuneration           21,121,270  99.99  3,140      0.01   6,500      
 9   To approve amendments to the Avon Rubber p.l.c. 2010 Performance Share Plan  20,904,921  98.99  212,562    1.01   13,426     
 10  To approve the Avon Rubber p.l.c. 2015 Share Option Plan                     20,867,858  99.71  60,028     0.29   203,022    
 11  To approve the Avon Rubber p.l.c. 2015 US Stock Option Plan                  20,864,807  99.71  60,281     0.29   205,820    
 12  To authorise the Directors to allot shares                                   21,112,430  99.94  13,505     0.06   4,975      
 13  To disapply pre-emption rights                                               21,113,271  99.94  12,417     0.06   5,222      
 14  To authorise the Company to purchase its own shares                          21,114,076  99.93  15,334     0.07   1,500      
 15  To authorise short notice general meetings                                   20,448,276  96.89  655,633    3.11   27,000     
 
 
Notes 
 
1.    Any proxy appointments which gave discretion to the Chairman have been
included in the "for" total. 
 
2.    A "vote withheld" is not a vote in law and is not counted in the
calculation of the proportion of the votes "for" and "against" a resolution. 
 
3.    Discretionary proxy votes lodged in favour of a third party have not
been included in the 'for', 'against' or 'total' figures. 
 
4.    At the date of the AGM the issued share capital of the Company is
31,023,292 ordinary shares. 
 
In accordance with paragraph 9.6.2 of the Listing Rules, a copy of the
resolutions passed as special business at the AGM have been submitted to the
National Storage Mechanism at www.hemscott.com/nsm.do. 
 
Retirement of Director 
 
As announced on 14 December 2015, Richard Wood retired as Director of the
Company at the conclusion of the AGM.  Pim Vervaat has replaced Mr Wood as the
Senior Independent Director. 
 
Resolution No. 2 
 
The Board has already engaged with a number of the shareholders who voted
against resolution no. 2 to understand the reasons behind their vote.
Shareholders who voted against resolution no.2 are encouraged to contact the
Company Secretary to confirm their reasons for doing so. The Board will
confirm its response to the issues raised in due course. 
 
Miles Ingrey-Counter 
 
Company Secretary 
 
This information is provided by RNS
The company news service from the London Stock Exchange